An Ordered Probit Approach for Exploring the Role of Self-Efficacy and Financial Literacy on Personal Finance Behavior

Fateme Khobani, Mohammad Hosein Sadraei and Mohammad Ebrahim Aghababaei
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Fateme Khobani: Faculty of Financial Sciences, Kharazmi University
Mohammad Hosein Sadraei: Sistan & Balouchestan University
Mohammad Ebrahim Aghababaei: Faculty of Financial Sciences, Kharazmi University

Journal of Money and Economy, 2018, vol. 13, issue 2, 177-194

Abstract: The present study investigates the impact of financial self-efficacy on personal finance behavior. To this end, the data collected from the questionnaire have been employed. Once the validity and reliability of the questionnaire are confirmed, the relation between financial self-efficacy and the likelihood of holding a specific financial product is studied

Keywords: Financial Self- efficacy; Financial Behavior; Personal Finance (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmonec:v:13:y:2018:i:2:p:177-194

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