Qualitatively Pre-Testing a Tailored Financial Literacy Measurement Instrument for Professional Athletes

Jaco Moolman () and Christina Cornelia Shuttleworth
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Jaco Moolman: Department of Management Accounting, University of South Africa, Pretoria 0002, South Africa
Christina Cornelia Shuttleworth: Department of Management Accounting, University of South Africa, Pretoria 0002, South Africa

JRFM, 2025, vol. 18, issue 6, 1-26

Abstract: The aim of this study was to qualitatively pre-test a research instrument to assess the financial literacy skills of professional athletes who compete in a team sport environment. Questions were developed based on a review of the current literature and an analysis of qualitative data from twelve structured expert interviews, selected using actor–network theory and purposive sampling. The findings showed how qualitative data can be considered and enumerated to guide the development of 28 validated questions to assess financial literacy within a specific group. This study helps to fill a gap in the literature since there is a paucity of qualitatively mediated research that focuses on specific target groups in the field of financial literacy. This research instrument could be of value to professional athletes, sports club management, players’ associations, educators, researchers, sports agents, and advisors by providing them with a greater understanding of their clients’ financial literacy skills and financial needs.

Keywords: financial literacy; sports; professional athletes; qualitative research; actor–network theory (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2025
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