76
Views
0
CrossRef citations to date
0
Altmetric
Research Articles

Determinants of financial literacy among university students: Insight into background and exposure characteristics

ORCID Icon

References

  • Agarwalla, S. K., Barua, S. K., Jacob, J., & Varma, J. R. (2015). Financial Literacy among Working Young in Urban India. World Development, 67, 101–109. doi:10.1016/j.worlddev.2014.10.004
  • Akpene Akakpo, A., Amidu, M., Coffie, W., & Abor, J. Y. (2022). Financial literacy, financial inclusion and participation of individual on the Ghana stock market. Cogent Economics & Finance, 10(1), 2023955. doi:10.1080/23322039.2021.2023955
  • Ansong, A., & Gyensare, M. A. (2012). Determinants of University Working-Students’ Financial Literacy at the University of Cape Coast, Ghana. International Journal of Business and Management, 7(9), 126. doi:10.5539/ijbm.v7n9p126
  • Amagir, A., Groot, W., van den Brink, H. M., & Wilschut, A. (2020). Financial literacy of high school students in the Netherlands: Knowledge, attitudes, self-efficacy, and behavior. International Review of Economics Education, 34, 100185. doi:10.1016/j.iree.2020.100185
  • ASIC. (2003). Summary of stakeholder responses to financial literacy in schools. ASIC discussion paper. Australian Securities and Investments Commission, Sydney.
  • Artavanis, N., & Karra, S. (2020). Financial literacy and student debt. The European Journal of Finance, 26(4-5), 382–401. doi:10.1080/1351847X.2019.1711435
  • Avard, S., Manton, E., English, D., & Walker, J. (2005). The financial knowledge of college freshmen. College Student Journal, 39(2), 321.
  • Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioral change. Psychological Review, 84(2), 191–215. doi:10.1037/0033-295x.84.2.191
  • Bubolz, M. M., & Sontag, M. S. (1993). Human ecology theory. In Sourcebook of family theories and methods (pp. 419–450). New York, NY: Springer US.
  • Beal, D. J., & Delpachitra, S. B. (2003). Financial literacy among Australian university students. Economic Papers: A Journal of Applied Economics and Policy, 22(1), 65–78. doi:10.1111/j.1759-3441.2003.tb00337.x
  • Chen, H., & Volpe, R. P. (2002). Gender differences in personal financial literacy among college students. Financial Services Review, 11(3), 289–307.
  • Chen, H., & Volpe, R. P. (1998). An analysis of personal financial literacy among college students. Financial Services Review, 7(2), 107–128. doi:10.1016/S1057-0810(99)80006-7
  • Chiteji, N. S., & Stafford, F. P. (1999). Portfolio choices of parents and their children as young adults: Asset accumulation by African-American families.The. American Economic Review, 89(2), 377–380. doi:10.1257/aer.89.2.377
  • Cole, S. A., Sampson, T. A., & Zia, B. H. (2009). Financial literacy, financial decisions, and the demand for financial services: Evidence from India and Indonesia (pp. 09–117Cambridge, MA: Harvard Business School.
  • Cole, S., & Fernando, N. (2008). Assessing the importance of financial literacy. ADB Finance for the Poor, 9(2), 1–6.
  • Danes, S. M., & Hira, T. K. (1987). Money management knowledge of college students. Journal of Student Financial Aid, 17(1), 4–16. doi:10.55504/0884-9153.1435
  • Deacon, R. E., & Firebaugh, F. M. (1981). Family resource management: Principles and applications.
  • De Clercq, B., & Venter, J. M. P. (2009). Factors influencing a prospective chartered accountant’s level of financial literacy: An exploratory study. Meditari Accountancy Research, 17(2), 47–60. doi:10.1108/10222529200900011
  • Ergün, K. (2018). Financial literacy among university students: A study in eight European countries. International Journal of Consumer Studies, 42(1), 2–15. doi:10.1111/ijcs.12408
  • Gallery, N., Newton, C., & Palm, C. (2011). Framework for Assessing Financial Literacy and Superannuation Investment Choice Decisions. Australasian Accounting Business and Finance Journal, 5(2), 3–22.
  • Gaudecker, H., & Von, M. (2015). How does household portfolio diversification vary with financial literacy and financial advice? The Journal of Finance, 70(2), 489–507. doi:10.1111/jofi.12231
  • Goldsmith, E. B. (2005). Resource management for individuals and families. Boston, MA: Cengage Learning.
  • Goyal, K., & Kumar, S. (2021). Financial literacy: A systematic review and bibliometric analysis. International Journal of Consumer Studies, 45(1), 80–105. doi:10.1111/ijcs.12605
  • Greenspan, A. (2003). Remarks at the 33rd Annual Legislative Conference of the Congressional Black Caucus on September 26, 2003. Washington, D.C.: Federal Reserve.
  • Grohmann, A. (2018). Financial literacy and financial behavior: Evidence from the emerging Asian middle class. Pacific-Basin Finance Journal, 48, 129–143. doi:10.1016/j.pacfin.2018.01.007
  • Hassan, A., Al-Tamimi, H. A., & Anood Bin Kalli, A. (2009). Financial literacy and investment decisions of UAE investors. The Journal of Risk Finance, 10(5), 500–516. doi:10.1108/15265940911001402
  • Hastings, J. S., & Mitchell, O. S. (2011). How financial literacy and impatience shape retirement wealth and investment behaviors (No. w16740). Cambridge, MA: National Bureau of Economic Research.
  • Hayhoe, C., Leach, L. J., Allen, M., & Edwards, R. (2005). Credit cards held by college students. Journal of Financial Counselling and Planning, 16(1), 1–10.
  • Jentzsch, T. (2021). (Analysing the relationship between financial literacy and the use of financial products in Namibia). (MBA dissertation). University of Namibia).
  • Jin, J., Liu, S., & Nainar, K. (2022). Financial literacy and crime incidence. Corporate Ownership and Control, 19(4), 72–79. doi:10.22495/cocv19i4art7
  • Kerkmann, B. C., Lee, T. R., Lown, J. M., & Allgood, S. M. (2000). Financial management, financial problems and marital satisfaction among recently married university students. Journal of Financial Counseling and, Planning,11(2), 55.
  • Kiliyanni, A. L., & Sivaraman, S. (2018). A predictive model for financial literacy among the educated youth in Kerala, India. Journal of Social Service Research, 44(4), 537–547. doi:10.1080/01488376.2018.1477699
  • Kotzé, L., & Smit, P. A. (2008). Personal financial literacy and personal debt management: The potential relationship with new venture creation. The Southern African Journal of Entrepreneurship and Small Business Management, 1(1), 35–50. doi:10.4102/sajesbm.v1i1.11
  • Lusardi, A. (2012). Numeracy, financial literacy, and financial decision-making (No. w17821). Cambridge, MA: National Bureau of Economic Research.
  • Lusardi, A., & Mitchell, O. (2007). Financial literacy and retirement preparedness: Evidence and implications for financial education. Business Economics, 42(1), 35–44. doi:10.2145/20070104
  • Lusardi, A., & Tufano, P. (2009). Debt literacy, financial experiences, and overindebtedness (No. w14808). Cambridge, MA: National Bureau of Economic Research.
  • Lusardi, A., Mitchell, O. S., & Curto, V. (2009). Financial literacy among the young: Evidence and implications for consumer policy (No. w15352). Cambridge, MA: National Bureau of Economic Research.
  • Lusardi, A., Mitchell, O. S., & Curto, V. (2010). Financial literacy among the young. Journal of Consumer Affairs, 44(2), 358–380. doi:10.1111/j.1745-6606.2010.01173.x
  • Mandell, L. (2006). Financial literacy: If it’s so important, why isn’t it improving?. Networks Financial Institute Policy Brief, (2006-PB), 08.
  • Mandell, L. (2008). Financial literacy of high school students. In Handbook of consumer finance research (pp. 163–183 Springer New York.
  • Mändmaa, S. (2020). Personal financial literacy among university students studying engineering. International Journal for Innovation Education and Research, 8(8), 669–692. doi:10.31686/ijier.vol8.iss8.2575
  • Nano, D., & Mema, B. (2017). September). The Impact of Work Experience on Students’ Financial Behaviour. In Proceedings of the 2017 1st International Conference on E-Education, E-Business and E-Technology (pp. 57–60.
  • Oseifuah, E. K., Gyekye, A., & Formadi, P. (2018). Financial literacy among undergraduate students: Empirical evidence from Ghana. Academy of Accounting and Financial Studies Journal, 22(6), 1–17.
  • Owusu, G. M. Y. (2021). Predictors of financial satisfaction and its impact on psychological wellbeing of individuals. Journal of Humanities and Applied Social Sciences, 5(1), 59–76. doi:10.1108/JHASS-05-2021-0101
  • Rasool, N., & Ullah, S. (2020). Financial literacy and behavioural biases of individual investors: Empirical evidence of Pakistan stock exchange. Journal of Economics, Finance and Administrative Science, 25(50), 261–278. doi:10.1108/JEFAS-03-2019-0031
  • Roy, B., & Jane, R. (2018). A study on the level of financial literacy among Indian women. IOSR Journal of Business and Management, 20(5), 19–24.
  • Sabri, M. F. (2011). Pathways to financial success: Determinants of financial literacy and financial well-being among young adults. Ames, Iowa: Iowa State University.
  • Stolper, O. A., & Walter, A. (2017). Financial literacy, financial advice, and financial behavior. Journal of Business Economics, 87(5), 581–643. doi:10.1007/s11573-017-0853-9
  • Thomas, B., & Subhashree, P. (2020). Factors that influence the financial literacy among engineering students. Procedia Computer Science, 172, 480–487. doi:10.1016/j.procs.2020.05.161
  • Van Nguyen, H., Ha, G. H., Nguyen, D. N., Doan, A. H., & Phan, H. T. (2022). Understanding financial literacy and associated factors among adult population in a low-middle income country. Heliyon, 8(6), e09638. doi:10.1016/j.heliyon.2022.e09638
  • Van Rooij, M., Lusardi, A., & Alessie, R. (2011). Financial literacy and stock market participation. Journal of Financial Economics, 101(2), 449–472. doi:10.1016/j.jfineco.2011.03.006
  • Volpe, R. P., Chen, H., & Pavlicko, J. J. (1996). Personal investment literacy among college students: A survey. Financial Practice and Education, 6(2), 86–94.
  • West, J., Drew, M., Bianchi, R., & Walk, A. (2013). Financial product complexity and the limits of financial literacy: A special issue of the Journal of Financial Services Marketing. Journal of Financial Services Marketing, 18(3), 153–157. doi:10.1057/fsm.2013.19
  • Worthington, A. C. (2006). Debt as a source of financial stress in Australian households. International Journal of Consumer Studies, 30(1), 2–15. https://www.sltf.gov.gh/2021/11/05/pay-up-loans-so-others-benefit/. doi:10.1111/j.1470-6431.2005.00420.x

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.