DETERMINANTS OF FINANCIAL LITERACY: EXPECTATIONS AND REAL BEHAVIOUR OF THE CZECH BUSINESSES

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26867184%3A_____%2F20%3AN0000026" target="_blank" >RIV/26867184:_____/20:N0000026 - isvavai.cz</a>
Result on the web
<a href="http://emijournal.cz" target="_blank" >http://emijournal.cz</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
DETERMINANTS OF FINANCIAL LITERACY: EXPECTATIONS AND REAL BEHAVIOUR OF THE CZECH BUSINESSES
Original language description
Financial literacy and typical reaction to instantly solve financial planning problems are closely linked together. Here, we properly explored financial literacy in the form of entrepreneurial expectations and real behaviour. The main goal of this paper is to recognise current financial behaviour based on a comparison of a set of expectations (presented by a mixture of knowledge of financial ratios and processes) in the area of financial planning, named as financial literacy of entrepreneurs. The results are based on a survey of 238 respondents in the Czech Republic. Those findings are presented in the form of archetypes, based on cluster analysis. Moreover, the study confirmed a negative relationship related to self-financing activities and a significant role of the cash-flow statement. Based on these results, implications for further research on this topic, as well as implications for practitioners and educators in business economics are mentioned.
Czech name
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Czech description
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Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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