The Effect of Financial Literacy and Emotions on Intent to Control Personal Budget: A Study among Israeli College Students

Shahrabani, Shosh

doi:10.5539/ijef.v4n9p156

Cited by 28 publications

(26 citation statements)

References 16 publications

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“…With this motive, this phenomenon has been extensively examined by the researchers in the literature (see Aren & Aydemir, 2014, for a review). Most research indicates that individuals have the deficiency of financial literacy which would assist them to make wise financial decisions (e.g., Guiso & Jappelli, 2008;Al-Tamimi & Bin Kalli, 2009;Shahrabani, 2012).…”

Section: Financial Literacy and Risky Investment Intentionmentioning

confidence: 99%

The Moderation of Financial Literacy on the Relationship Between Individual Factors and Risky Investment Intention

Aren¹,

Aydemir²

2015

IBR

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In this paper, the authors aim to manifest the effects of individual factors such as risk averseness in general, locus of control on risky investment intention. At the same time, this study intends to examine whether financial literacy moderates the relationship between risk averseness in general, locus of control and risky investment intention. The data set comprised of 112 participants through survey method. We fulfilled hierarchical regression in order to examine the hypothesized relationships. Accordingly, results showed that risk averseness in general had a significant and negative impact on risky investment behavior. Yet, this study provided no evidence of locus of control as a factor in predicting risky investment intention. Last but not least, it was found that financial literacy moderated these relationships. In other words, financial literacy changed the relationship between risk averseness in general, locus of control and risky investment intention.

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Section: Financial Literacy and Risky Investment Intentionmentioning

confidence: 99%

The Moderation of Financial Literacy on the Relationship Between Individual Factors and Risky Investment Intention

Aren¹,

Aydemir²

2015

IBR

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“…In addition, they reported that tendency of individuals to borrow was less likely with high level of financial literacy. In addition, Shahrabani (2012) investigated the financial literacy among other determinants of intent to control a personal budget among college students. He indicated that intentions of students to govern their personal budget affected by level of financial literacy.…”

Section: Financial Literacy and Its Consequencesmentioning

confidence: 99%

Does Financial Literacy Moderate the Relationship among Demographic Characteristics and Financial Risk Tolerance? Evidence from Egypt

Shusha¹

2017

AABFJ

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Financial risk tolerance is certainly an important topic for researchers, investors and personal financial planners or consultants. This study purposed to investigate the effect of demographic characteristics on financial risk tolerance among Egyptians. A literature review of demographic determinants of financial risk tolerance showed dialectical results. Therefore, this study attempts to clarify the debatable issues in these results by studying the moderating role of financial literacy in relationships among demographic characteristics and financial risk tolerance. The study sample included 386 respondents representing different segments of Egyptian people. Using the hierarchical regression analysis, the results demonstrated that there were significant effects of gender, age, educational level and annual income on financial risk tolerance. Moreover, the financial literacy moderates the relationships among demographic characteristics of individuals and their tendency to take a risk. AbstractFinancial risk tolerance is certainly an important topic for researchers, investors and personal financial planners or consultants. The study purposed to investigate the effect of demographic characteristics on financial risk tolerance among Egyptians. A literature review of demographic determinants of financial risk tolerance showed dialectical results. Therefore, this study attempts to clarify the debatable of these results by studying the moderating role of financial literacy in relationships among demographic characteristics and financial risk tolerance. The study sample included 386 respondents representing different segments of Egyptian people. Using the hierarchical regression analysis, the results demonstrated that there were significant effects of gender, age, educational level and annual income on financial risk tolerance. Moreover, the financial literacy moderates the relationships among demographic characteristics of individuals and their tendency to take a risk.JEL Classification: N25, D14, D31, G02

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“…Financial Behavior relates to how a person can manage and use financial resources available to him [4]. Whereas according to [15], Financial behavior is a scientific discipline in which the interaction of various scientific disciplines is inherent and continuously integrates so that the discussion is not carried out isolation.…”

Section: B Financial Behaviormentioning

confidence: 99%

Personal Finance Management Model for Polytechnic Students

Suryadi¹,

Elfarosa²

2019

Proceedings of the International Conference on Applied Science and Technology 2019 - Social Sciences Track (iCASTSS 2019)

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This study aims to: (1) examine the impact of financial literacy on financial attitude; (2) influece of financial attitude on financial behavior; (3) impact of financial literacy on financial behavior. Data were collected using questionnaires, interviews, observations, and literature studies. The research model was built using the structural equation model and analyzed with smartPLS-3 software. The results showed that (1) there is a positive and significant impact of financial literacy on financial attitude; (2) there is a positive and significant influence of financial attitude on financial behavior; (3) there is a positive and significant impact of financial literacy on financial behavior. The suggestions that can be given are (1) additions or changes to campus subjects and programs such as seminars so that students can better understand financial knowledge, behavior and attitudes; (2) further research needs to follow up the findings of this research by adding other variables included in the model, so that becomes more interesting and perfect.

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The Effect of Financial Literacy and Emotions on Intent to Control Personal Budget: A Study among Israeli College Students

Cited by 28 publications

References 16 publications

The Moderation of Financial Literacy on the Relationship Between Individual Factors and Risky Investment Intention

The Moderation of Financial Literacy on the Relationship Between Individual Factors and Risky Investment Intention

Does Financial Literacy Moderate the Relationship among Demographic Characteristics and Financial Risk Tolerance? Evidence from Egypt

Personal Finance Management Model for Polytechnic Students

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