DETERMINANTS OF FINANCIAL CAPABILITY: EVIDENCE FROM A TRANSITION COUNTRY

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F19%3A63523949" target="_blank" >RIV/70883521:28120/19:63523949 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

DETERMINANTS OF FINANCIAL CAPABILITY: EVIDENCE FROM A TRANSITION COUNTRY

Original language description

Among scholars, academicians and policymakers there is a constant concern on how to improve financial literacy and capability of individuals. In this regard, this study seeks to investigate the effect of financial literacy along with demographic factors on individuals’ financial capability. This research is administrated on an individual-level data collection through a survey. This paper uses hierarchical multiple regression with two steps in a dataset of 200 respondents from a transition country, Albania. Results demonstrated that financial capability is affected by financial knowledge and financial behaviour. Along with these two factors, selected demographics factors also influence it. Hence, individuals that were single, unemployed and young negatively influenced financial capabilities. However, having higher incomes positively impacted financial capability. These findings are consistent with the literature of the field. Financial attitude and gender did not show any significant effect on financial capability. This paper contributes to enriching the literature of the field by offering evidence on how financial literacy and demographic factors drive individuals’ financial capability. In addition, this current study provides useful insights for academicians, educational institutions managers, and public-policy advocators responsible for designing curricula and strategies to increase the level of individuals’ financial capability.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

DOKBAT 2019 - 15th International Bata Conference for Ph.D. Students and Young Researchers

ISBN

978-80-7454-893-2

ISSN

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e-ISSN

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Number of pages

13

Pages from-to

181-194

Publisher name

Fakulta managementu a ekonomiky, UTB ve Zlíně

Place of publication

Zlín

Event location

Zlín

Event date

Nov 6, 2019

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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