The antecedents of financial literacy: a study on college students

Marcellia Susan

International Journal of Economic Policy in Emerging Economies, 2020, vol. 13, issue 4, 337-343

Abstract: Several previous researches have shown inadequate level of financial knowledge among students, while financial literacy itself contributes toward smooth operations of domestic and international financial transactions. The study is led in order to examine the impact of entitlement, conscientiousness, financial anxiety, self-efficacy, financial socialisation agents, and financial education both simultaneously and partially on financial literacy of college student. The study conducts hypothesis testing and analyses the causal relationship between related variables. The results show the influence of entitlement, conscientiousness, self-efficacy, financial socialisation agents, and financial education on financial literacy. However, financial anxiety did not have an impact on financial literacy.

Keywords: financial literacy; money attitude; financial anxiety; self-efficacy; financial socialisation agents; financial education. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijepee:v:13:y:2020:i:4:p:337-343

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