Financial knowledge and financial behaviour: The moderating role of home ownership

Juan M. Nave, Laura Oliva and David Toscano

Finance Research Letters, 2023, vol. 57, issue C

Abstract: The relationship between financial knowledge and financial behaviour has been widely studied in previous literature. Numerous works conducted in different contexts have found a positive relationship between them. The objective of this paper is to test the effect of homeownership on this relationship. To this aim, we perform extended ordered probit regressions. We use data from the Survey of Financial Competences conducted by the supervisor of the Spanish securities markets and the Spanish central bank. The results show evidence that supports the hypothesis that home ownership has a moderating effect on the relationship between financial knowledge and financial behaviour.

Keywords: Consumer Finance; Financial behaviour; Financial knowledge; Home ownership; Household finance; Survey of Financial Competences (search for similar items in EconPapers)
JEL-codes: D03 D12 D14 G02 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323005809

DOI: 10.1016/j.frl.2023.104208

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