Financial Literacy of University Students and Effects of Practical Experience
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F02819180%3A_____%2F18%3A%230000121" target="_blank" >RIV/02819180:_____/18:#0000121 - isvavai.cz</a>
Result on the web
<a href="http://www.ocerints.org/socioint18_e-publication/abstracts/papers/34.pdf" target="_blank" >http://www.ocerints.org/socioint18_e-publication/abstracts/papers/34.pdf</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Financial Literacy of University Students and Effects of Practical Experience
Original language description
Financial literacy belongs to the key components of education for life in modern society, its importance increasing steadily. In this article, we present the results of comparative research on financial literacy undertaken among part-time and full-time university students. The aim of the paper is to compare the levels of their financial literacy, verifying the assumption that everyday practical experience of the former group has a positive effect. To obtain reliable data, the research was conducted in the form of a questionnaire survey administered simultaneously at universities in two central European countries, both running management study programmes. In the first part of the questionnaire, the respondents' personal, self-assessment and socio-demographic data were examined. The second part was devoted to the knowledge and skills associated with various facets of financial literacy, using the questions on the ability to apply the acquired knowledge in specific practical situations. We focused on compound interest, inflation effect on the time value of money, annuity policies, debt repayments and basics of investing. In order to confirm the hypothesis about the impact of day-to-day practical experience on the overall level of financial literacy, the collected data were processed employing methods of statistical analysis. Having identified differences in respondents’ average scores and their attitude to personal and self-assessment features, the present study has revealed some significant findings.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50206 - Finance
Result continuities
Project
—
Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Socioint 2018: 5th International Conference on Education, Social Sciences and Humanities
ISBN
9786058243330
ISSN
—
e-ISSN
—
Number of pages
10
Pages from-to
17-26
Publisher name
International Organization Center of Academic Research
Place of publication
2018
Event location
Dubai
Event date
Jul 2, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—