Knowledge, attitude or risk? What drives the financial literacy gaps of university staff?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00025950%3A_____%2F25%3AN0000008" target="_blank" >RIV/00025950:_____/25:N0000008 - isvavai.cz</a>
Alternative codes found
RIV/25840886:_____/25:N0000024
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S2214845025001838?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S2214845025001838?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.bir.2025.10.032" target="_blank" >10.1016/j.bir.2025.10.032</a>

Result language
angličtina
Original language name
Knowledge, attitude or risk? What drives the financial literacy gaps of university staff?
Original language description
This study examines the extent to which variations in financial knowledge, attitudes and risk preferences shape the educational investment behaviour of academic and non-academic university staff. Our findings revealed distinct patterns. We documented that being armed with a sound financial knowledge significantly influences the educational investment decisions of academic staff, thus facilitating informed decision-making. We also documented that financial attitudes and risk tolerance exert positive impacts, thus indicating that confidence in terms of one's financial management informs educational advancement. Conversely, a sound financial knowledge does not predict the take-up of further education for non-academic staff, while financial attitudes and risk aversion exert negative impacts, thus suggesting that financial constraints and limited careers inhibit investment in higher education. Institutional dynamics and socio-economic conditions further moderate these relationships and expose structural barriers to financial literacy. The findings identified the necessity for tailored financial literacy intervention measures that address the occupational stratifications and institutional constraints that hinder educational progression.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50200 - Economics and Business

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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