DETERMINANTS OF FINANCIAL CAPABILITY: EVIDENCE FROM A TRANSITION COUNTRY

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

DETERMINANTS OF FINANCIAL CAPABILITY: EVIDENCE FROM A TRANSITION COUNTRY

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

DETERMINANTS OF FINANCIAL CAPABILITY: EVIDENCE FROM A TRANSITION COUNTRY

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

13

Strana od-do

181-194

Název nakladatele

Fakulta managementu a ekonomiky, UTB ve Zlíně

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

6. 11. 2019

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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