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Financial literacy is crucial to the growth and development of any enterprise. This study investigates the impact of microentrepreneurs' demographic characteristics on financial literacy by breaking it down into three components: financial knowledge, financial behavior, and financial attitude. The study data were collected from 132 microentrepreneurs through a survey questionnaire using a snowball sampling technique. An ordinary least square regression was used to analyze how entrepreneurs' demographic characteristics are related to financial knowledge, financial behavior, financial attitude, and financial literacy. The study revealed that being male, having higher education and more experience, and operating in urban areas have a significant impact on financial literacy and its three components. However, age was found to have no significant impact on financial literacy. This study will help in designing targeted strategies and specialized programs for entrepreneurs looking at the significant impact of their diverse characteristics on financial literacy. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to examine and compare the associations between financial capability and financial anxiety (FA) before and during the coronavirus disease 2019 (COVID-19) pandemic. Specifically, financial capability is measured by three indicators: financial knowledge, financial behavior and financial confidence. This study also examines and compares the association among different income groups before and during the pandemic. Design/methodology/approach: Data are from 2018 to 2021 National Financial Capability Study (NFCS). Structural equation modeling (SEM) is employed to examine the direct and indirect associations between financial capability factors and FA. Furthermore, this paper also conducts multi-group SEM for three income groups to examine the heterogeneous effects of household income. Findings: Both before and during the pandemic, financial knowledge is directly positively and financial behavior is directly negatively associated with FA. In addition, both financial knowledge and financial behavior are positively associated with financial confidence, which in turn is negatively associated with FA. However, when taking the indirect effects into consideration, the total effects of financial capability factors on FA are all negative. Furthermore, the pandemic has intensified the negative association between financial behavior and FA rather than financial knowledge or financial confidence. Multi-group SEM shows that the positive direct effects of financial knowledge are only significant in the low-income group, while the negative direct effects of financial behavior are only significant in the low- and middle-income groups before the pandemic. However, direct effects of financial knowledge and financial behavior are significant in all income groups during the pandemic. Originality/value: First, this study specifies a construct, financial confidence, to proxy perceived financial capability. Second, it examines the mediating role of financial confidence in the association between the other two financial capability factors (financial knowledge and financial behaviors) and FA. Third, it also compares the associations between financial capability factors and FA before and during the COVID-19 pandemic. [ABSTRACT FROM AUTHOR]

The method used in this research is the regression analysis method with the variables used, namely Financial Literacy (X1), Financial Behavior (X2) on Financial Performance (Y). This research uses quantitative methods and uses a sample of 118 respondents who are SME owners spread throughout Indonesia. The research uses SPSS software to assist in data processing. From the results of this research it can be concluded that the t test results obtained a significant value for the financial literacy variable of 0.019 and a regression coefficient value of 0.209. The significance value <0.05 and the positive regression coefficient value indicate that financial literacy has a positive effect on financial performance. The results of the t test obtained a significant value for the financial behavior variable of 0.005 and a regression coefficient value of 0.200. The significance value <0.05 and the positive regression coefficient value indicate that financial behavior has a positive effect on financial performance. These findings also show that financial literacy has a positive effect on the performance of SMEs and financial behavior has a positive effect on the financial performance of SMEs in Indonesia. [ABSTRACT FROM AUTHOR]

Through the use of financial behavior as a mediator, this study attempts to investigate the relationship between financial literacy and income on investment decisions. The research focused on 53 MSMEs in the service sector located in Kecamatan Padang Barat, Kota Padang. Nonprobability sampling was employed, specifically Total Sampling, encompassing all 53 actively investing service MSMEs. Data analysis was conducted using SPSS 23. Findings revealed that financial literacy had a non-significant negative relationship with financial behavior, whereas income exhibited a positive association on financial behavior. Financial literacy negatively influenced investment decisions, while income and financial behavior positively impacted investment decisions. Moreover, the study concluded that financial literacy and income did not influence investment decisions through financial behavior. [ABSTRACT FROM AUTHOR]

Financial digitization is an irreversible phenomenon. The objective of this study is to construct the Digital Financial Capability Scale (DFCS). Starting with the development of a definition, we created a multidimensional scale composed of digital financial knowledge, digital financial behavior, and digital financial confidence. The validation process involved a qualitative stage, consisting of focus groups, expert validation, and pre-testing, and a quantitative stage, with exploratory and confirmatory factor analyses and structural equation modeling. The DFCS assesses an individual's perception of their ability to apply financial knowledge, adopt appropriate financial behaviors, and feel confident in making financial decisions in a digital environment. The final version of the DFCS consists of a set of 33 items divided into the three dimensions. The scale can be very useful for researchers who wish to study financial capability in the digital environment, for financial agents to evaluate clients, and for assessing the outcomes of public policies aimed at enhancing the financial capability of the population. [ABSTRACT FROM AUTHOR]

Copyright of Tourism Tribune / Lvyou Xuekan is the property of Tourism Institute of Beijing Union University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper investigates the influence of financial knowledge, financial attitude, financial skills, and financial behavior on the financial literacy of Saudi Arabian MSMEs. The sample is 341 MSMEs that are clients of Islamic banking institutions. The paper employs the PLS-SEM method to analyze the collected data. The findings reveal statistically significant and strong positive correlations (p < 0.05) between financial knowledge, financial skills, financial behavior, and financial literacy. This implies that MSMEs with a strong foundation in financial knowledge, proficient skills, and positive financial behaviors tend to exhibit higher levels of financial literacy. Among the variables studied, financial knowledge exerted the strongest influence on financial literacy. This shows the importance of enhancing financial knowledge among MSME owners and managers to improve their overall financial literacy. Interestingly, the study did not identify a statistically significant relationship between financial attitude and financial literacy. This suggests that simply possessing a positive attitude toward finance may not necessarily translate into higher levels of financial literacy without complementary knowledge, skills, and behaviors. By prioritizing these areas, policymakers and Islamic banking institutions can contribute to improving financial literacy levels among Saudi Arabian MSMEs, ultimately fostering their growth, performance, and resilience.

The growing popularity of cryptocurrency as an investment choice among millennials demonstrates their inclination toward digital advancements and openness to exploring diverse investment opportunities. The study examines how financial literacy factors impact experience regret, investment decisions, and risk tolerance, while financial literacy also affects investment decisions, with experience regret and risk tolerance acting as a mediator. The study comprises 295 participants from the millennial demographic in Indonesia who are engaged in cryptocurrency investment. The data collection techniques employed in this study involve non-probability sampling methods through the distribution of questionnaires. The analysis in this study employs Structural Equation Modeling (SEM) in conjunction with Partial Least Squares (PLS) analysis tools. The results of this study suggest that financial literacy positively impacts regret experience, investment decisions, and risk tolerance with the respective sample values of 0.146, 0.397 and 0.449. Additionally, regret experience negatively influences investment decisions with a sample value of –0.385, while risk tolerance positively influences investment decisions with a sample value of 0.198. Financial literacy has a negative impact on investment decisions when regret experience acts as a mediator with a sample value of –0.056, but a positive impact when risk tolerance serves as a mediator with a sample value of 0.089. This complex relationship highlights the importance of considering multiple factors, including financial literacy, regret experience, and risk tolerance, in understanding and predicting investment decisions among individuals, particularly in the context of the millennial generation investing in cryptocurrency in Indonesia.

The financial stability of young adults worldwide is under threat due to widespread impulsive online purchasing and the economic strain brought on by the COVID-19 pandemic. This study, therefore, examines the role of financial literacy as a mediator between financial behavior and the financial well-being of young adults, specifically in Nigeria. The research involved 120 respondents, 60 undergraduate and 60 postgraduate students from three selected universities in Western Nigeria. Information was gathered through a structured questionnaire. Data analysis was conducted using Structured Equation Modeling with STATA version 15. The findings reveal a positive association between financial behavior and financial well-being, although this relationship lacks statistical significance. However, significant positive correlations are observed between financial literacy (FL) and financial well-being (FW), as well as between financial behavior (FB) and financial literacy (FL). Furthermore, the analysis uncovers a positive indirect effect of financial literacy on the relationship between financial behavior and financial well-being. This suggests that while the direct link between financial behavior and well-being may be weak, improved financial behavior can indirectly enhance well-being through heightened financial literacy. In essence, the study underscores the crucial role of financial literacy in improving young adults' financial behaviors and well-being. By investing in education, support services, and policies that encourage positive financial behaviors, both individuals and policymakers can collaborate toward constructing a more financially secure future for the younger generation.

Objective: This study aims to verify assess the level of financial literacy of high school students at public institutions in the Municipality of Ituiutaba (State of Minas Gerais, Brazil). It also aims to analyze how the level of financial literacy relates to socioeconomic and demographic factors. Methodology: Upon probabilistic sampling, a questionnaire was distributed to high school students from different public institutions. Data were analyzed through descriptive statistics, correlation test, normality test, and between-group comparison tests. Results: The findings showed that most students have good financial attitude, but are not financially literate enough. Study contributions: The Results point to the need for actions and/or strategies that contribute to the financial literacy of high school students in the area covered by this study. They also suggest that the curricula should be revised when it comes to subjects directly or indirectly associated with financial literacy. This study is expected to contribute to the entire community, as financially literate people tend to manage money efficiently, both in the personal and family dimensions and in the business setting. [ABSTRACT FROM AUTHOR]

Purpose — The aim of this study is to examine the influence of financial technology, financial literacy, and financial attitudes on the financial behavior of Generation Z within the framework of Society 4.0. Method — This quantitative descriptive research utilizes a questionnaire-based data collection approach distributed online through Google Forms to university students in Sidoarjo. A total of 94 responses were gathered from the questionnaire distribution. Subsequently, to discern the individual impacts, the data from the questionnaire were subjected to analysis employing t-tests and multiple linear regression using SPSS version 2.1. Result — This study reveals that financial technology has an influence on the financial behavior of college students, while financial literacy affects their financial behavior. Additionally, financial attitudes also impact their financial behavior. Practical implications — This study suggests a pressing need for educational institutions to enhance financial education programs, integrating concepts from behavioral finance and emphasizing practical application, to improve students' understanding of financial behavior and decision-making for effective personal financial management. [ABSTRACT FROM AUTHOR]

This research is intended to assess the influence of income level, financial behavior and financial management on financial well-being. This research is quantitative in nature and involves a population that includes various variables, such as age, gender, occupation, and level of income/pocket money (monthly) in Sukaragam village. The sampling method in this research used non-probability sampling. Data was obtained from a number of respondents through questionnaire distribution, both conventionally and via online Google Form. Data analysis was carried out using SPSS version 26 software by applying the multiple linear regression method. Descriptive statistical approaches, instrument testing, classical assumption testing, and hypothesis testing were also used in the data analysis process for this research. The research results show that income level and financial management do not have a significant influence on financial well-being. On the other hand, financial behavior has been proven to have a significant positive influence on financial wellbeing. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Abant Social Sciences / Abant Sosyal Bilimler Dergisi is the property of Journal of Abant Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Objective: This study explores the relationship between financial socialization agents and financial well‐being in early adulthood and the mediating role of financial capability. Background: The family financial socialization theory provides a foundation for delineating the financial socialization process and outcomes in a family context. However, few studies have examined financial socialization experiences within a social context and their differential impacts on financial well‐being mediated by young adults' financial capability. Method: This study used a sample of Koreans aged 25–39 years gathered from an online survey conducted in 2021 (N = 1,599). Linear regressions were used to estimate the associations between financial socialization agents and financial well‐being, and the mediating roles of financial capability factors. Results: The findings indicate that financial socialization from observing parental financial behavior was positively related to young adults' financial well‐being. Other socialization agents—including peers, media, and school—were generally uncorrelated with financial well‐being. Further analyses showed that financial capability was a mediator between observing parental financial behavior and financial well‐being. Conclusion: Young Korean adults who learned personal finance by observing their parents had higher financial well‐being. Part of this effect was due to the improved financial behavior learned through the socialization process. Implications: The path to financial well‐being begins with experiential learning within a family context in early adulthood through improved financial behavior. Our findings call for greater attention to children who might be excluded from the benefits of family‐oriented financial socialization through observing parents' financial behaviors. [ABSTRACT FROM AUTHOR]

This study aims to test and analyze the influence of financial behavior, overconfidence, and risk perception on financial literacy and investment decisions in the millennial generation in Jakarta. This study was conducted using quantitative methods, structural equation modeling (SEM), and assisted by the Smart PLS 4.0 program with a total of 100 respondents with an average age of 25-35 years. The structural model was evaluated using R-square for dependent constructs, Stone-Geisser Q-square test for Q2 predictive relevance, and significance test of structural path parameter coefficients. The results of this study can be an input in the development of investment behavior theory, especially investment decision-making, as well as the mediation role of financial literacy in these relationships, on individual millennial investors in the Jakarta area. The study found that financial behavior and overconfidence significantly impact the financial literacy of the Millennial Generation in Jakarta, while overconfidence did not. It is recommended that Millennial investors focus on improving their financial literacy, risk perception, and financial behavior to influence investment decisions, while avoiding overconfidence. [ABSTRACT FROM AUTHOR]

This study delves into the factors influencing financial well-being among Malaysian university students, addressing the rising debt concerns among young adults under 30. This study is grounded in the Social Cognitive Theory (SCT). Data were gathered from 299 university students through a self-administered survey, which was subsequently analyzed with Partial Least Square - Structural Equation Modelling. The findings indicate that an internal locus of control significantly influences financial attitude, financial behavior, and financial confidence. Notably, financial behavior and financial confidence are crucial predictors of financial well-being, while financial attitude was found to be insignificant. Additionally, financial behavior and financial confidence mediate the relationship between internal locus of control and financial well-being, whereas financial attitude does not serve as a mediator. The results suggest that individuals with a strong internal locus of control are more likely to exhibit positive financial behaviors and greater financial confidence, ultimately enhancing their financial well-being. This study strengthens the SCT model and contributes new dimensions to the literature by examining financial attitude, financial behavior, and financial confidence as mediating factors influencing university students' financial well-being. The results also provide policymakers and relevant agencies with useful information on how to further improve university curricula and foster sound financial practices to raise the financial well-being of university students. [ABSTRACT FROM AUTHOR]

Copyright of Jurnal Manajemen Pendidikan dan Ilmu Sosial (JMPIS) is the property of Dinasti Publisher and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Attainment of financial well-being is vital for individuals. Financial well-being further leads to satisfaction and happiness, which results in the overall well-being of an individual. Financial behavior and well-being assume greater importance in crises such as the COVID-19 pandemic. This study tests how working professionals' financial knowledge and attitude in a developing country relate to their financial well-being. The emphasis of the study is on determining the mediating effects of financial behavior. The study finds that financial knowledge alone may not result in an individual's financial well-being, and the relationship is mediated by financial behavior. This implies that acquiring knowledge and a positive financial attitude are important in the quest to attain financial well-being, but adopting healthy financial behavior is most important. [ABSTRACT FROM AUTHOR]

Financial education plays a significant role in poverty reduction and sustainable economic growth. It also increases individuals' financial well-being. Unfortunately, global financial literacy is low, and in developing countries, it is far below the global average. Nepal is a developing country with low financial literacy. Therefore, this study aimed to analyze the impact of financial literacy training on financial literacy levels and financial decisions among 399 randomly selected rural households in Bhojpur District, a rural area in Nepal. Multiple linear and logit regression models were used to analyze the data. The results revealed that financial literacy training increased the financial literacy level of training participants compared with that of non-participants. Education, financial literacy training, and migration of family members (personal migration history and plans to migrate) were other significant predictors. Respondents' financial and economic behavior was influenced by their financial literacy level, sex, age, education, family size, whether the respondent lives with parental family, and whether the respondent has migrated family members. The study suggested well-organized and inclusive financial literacy training program interventions to improve rural individuals' financial and economic decisions. [ABSTRACT FROM AUTHOR]

Copyright of Environmental & Social Management Journal / Revista de Gestão Social e Ambiental is the property of Environmental & Social Management Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: Financial satisfaction is a potential ambition of individuals' lives that requires well-strategized economic behaviors. The authors examine the impact of various factors on the financial behavior (FB) and financial satisfaction (FIS) of individuals in India's National Capital Region (NCR). Design/methodology/approach: Through a literature review, a survey questionnaire was formulated using existing scales on FIS. For more in-depth insights, data are obtained from 427 respondents in the NCR region using self-administered questionnaires. This article used "partial least square structural equation modeling (PLS-SEM)" to inspect the hypothesized model of individuals' FIS. Findings: According to the study results, financial attitude (FA), financial self-efficacy (FSE), financial knowledge (FK) and demographic characteristics (DC) significantly influence FB. Conversely, financial stress (FS) negatively impacts FB. It also highlights that FA, FSE, FK and FB all significantly impact FIS. Nevertheless, FS and DC insignificantly influence FIS. Originality/value: To the best knowledge of the authors, this article is an initial attempt to offer a novel perspective of individuals' FB and FIS in India. It would help the government and stakeholders by providing various pioneering economic schemes and making policies that help increase individuals' FIS. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-03-2023-0239 [ABSTRACT FROM AUTHOR]

Copyright of Jurnal Ilmu Ekonomi Terapan is the property of Universitas Airlangga and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The aim of this paper is to examine the relationship between financial decision-making ability and financial choices, and also to check the mediating role of time perspective in this relationship. Financial decision-making ability is composed of two factors: financial behavior (FB) and financial literacy (FL). Whereas, three financial choices are used, which are: investment, savings, and consumption. Using structural equation modeling (SEM), the sample of 380 participants was used to analyze the results. The findings indicate that both financial literacy and financial behavior significantly increase the investment and choices of individuals, while financial behavior also increase consumption. In addition, study found that different factors of time perspective also mediate the relationship between financial decision-making ability and financial choices. The paper concludes with significant policy implications.

This research was conducted to see the comparative trend of behavioral financial studies in Southeast and East Asian countries. Another aim of this research is to examine the gaps in studying financial behavior in Southeast and East Asian countries. There are several reasons behind this research. First, studying financial behavior in Asian countries has unique characteristics, such as the different financial behavior of urban and rural communities. Second, society still has not fully implemented financial behavior in Asia. The research method used in this research is descriptive qualitative with bibliometric analysis. Data will be collected through the Scopus database, which is processed with R package software. Data processing using R package software will then be analyzed using bibliometric analysis.

This research aims to analyze the impact of digital financial knowledge on college students’ financial behavior, and the involvement of self-esteem as a mediator variable. This study used a quantitative survey method. The sample used was a group of 249 undergraduate students majoring in accounting education at Universitas Sebelas Maret and Universitas Negeri Semarang. A conceptual model, containing hypotheses outlining the impact was constructed and assessed through validity, reliability, frequency statistics and path analysis. The findings indicated a direct and positive correlation of digital financial knowledge on financial behavior. This research contributes fresh perspectives by providing both practical and theoretical insights into the variables employed in the study.

AbstractExploring the financial behavior traits amidst the unexpected financial challenges and the unparalleled rise in fintech, this study provides insight into the interplay of entrepreneur digital financial literacy (EDFL), entrepreneur financial competency (EFC), and entrepreneur financial skill (EFS) impacting entrepreneur financial decision-making (EFDM). Toward this goal, data were gathered from 223 active women entrepreneurs from India who have accounts in the social media platform. The three-step hierarchical regression analysis disclosed that an entrepreneur with sound EDFL, EFS, and EFC can significantly enhance strategic decision-making (EFDM). The research outcome reveals that EFDM is a consistent predictor of the financial performance of women-owned enterprises. In addition, the entrepreneur’s financial decision-making does not mediate the relationship between financial experience, financial competency, financial skill budgeting, and financial skill_acumen with financial performance. In contrast, partial mediation is observed between digital financial awareness, digital financial knowledge, and financial skill_analytics. The novel insight accounted for a significantly low level of experience in entrepreneurs’ utilization of digital platforms for payment, financing loans, and asset management. The outcome carries academic, regulatory, and managerial significance, recognizing the unique interaction; the cumulative efforts strengthen the capacity to address socio-economic challenges and translate them into gender-specific policy interventions and practices.

Financial behavior and financial satisfaction are two essential elements in the lives of the human being like non-teaching personnel. Hence, this study assessed the financial behavior of non-teaching personnel in a city schools division in Negros Occidental in terms of spending habits, borrowing practices, repayment practices, savings, and investments relative to age, sex, civil status, position level, and net take-home pay. Likewise, it determined their financial satisfaction in terms of financial solvency and financial knowledge relative to the demographics. Also, it compared their financial behavior and financial satisfaction when grouped according to the demographics. Lastly, it correlated their financial behavior and financial satisfaction. The study utilized the descriptive-comparative and correlational research design. It was responded by 106 non-teaching personnel and was determined using stratified random sampling. The instruments used were adopted-modified questionnaires. In analyzing the data, mean, standard deviation, Mann Whitney U test, and Spearman rank correlation were employed. Meanwhile, the researcher adhered to the guidelines established by the Philippine Health Research Ethics Board (PHREB). Generally, they have a very high financial behavior and high financial satisfaction. In comparing their financial behavior when grouped according to the demographics, only the net take-home pay has the significant difference. In terms of the financial satisfaction, all demographics resulted no significant differences. Regarding the relationship between the two constructs, there was a significant relationship between their financial behavior and financial satisfaction. Hence, to improve their satisfaction financially, their behavior towards finances should be given attention. [ABSTRACT FROM AUTHOR]

Introduction/Main Objectives: The number of Indonesian students who study abroad has expanded significantly during the past few decades. Nonetheless, the nation has a lot of variables that would assist in the growth of overseas students leaving the country in the future. Consequently, this study aims to investigate the variables influencing the financial literacy of Indonesian students participating in international exchange programs. This study empirically examines how students' financial behavior could be affected by their financial knowledge, financial attitude, and financial culture. It also tests how financial literacy can be directly influenced by financial behavior. Additionally, the mediating role of financial behavior has been evaluated. Background Problems: Notwithstanding the rise in the number of students enrolled in international programs, and the availability of such programs in educational institutions worldwide, these students will confront numerous obstacles and difficulties. A vital skill for these students to possess is financial literacy, since there is a lot of emphasis on cost-saving when pursuing higher education in a global setting. However, studies into financial literacy are noticeably lacking, particularly in emerging nations such as Indonesia. Novelty: The current paper adds to the limited studies concerning the financial life of international students by developing an integrated framework to examine the most crucial factors impacting the financial literacy of Indonesian students participating in international exchange programs. Research Methods: An online survey was conducted to gather the primary data from the respondents. The acquired data were analyzed using PLS-SEM. Finding/Results: The research findings showed that financial literacy was significantly impacted by financial behavior, which in turn was impacted by financial knowledge, financial attitudes, and financial culture. The relationship between financial knowledge, financial attitudes, financial culture, and financial literacy was found to be significantly mediated by financial behavior. Conclusion: The present work provides theoretical and managerial contributions regarding managing the financial life of international students in Indonesia. [ABSTRACT FROM AUTHOR]

This study aims to examine the influence of financial literacy and income moderated by lifestyle on financial behavior in Karawang district civil servants. The sampling method in this research is probability sampling using the Slovin formula. The sample in this study was 100 Karawang district civil servants. This research tests correlation and regression with the help of the SMARTPLS 4.0 program, used to test validity and reliability, goodness of fit and hypotheses. Based on the results of this research, it can be concluded that: 1). The financial literacy variable partially has a significant effect on the financial behavior of civil servants in Karawang district. 2). The income variable partially has a significant effect on the financial behavior of civil servants in Karawang district. 3). The financial literacy variable which is partially moderated by lifestyle has no effect and is not significant on the financial behavior of civil servants in Karawang district. 4). The income variable which is moderated by lifestyle partially has a significant effect on the financial behavior of civil servants in Karawang district. [ABSTRACT FROM AUTHOR]

Management technical education improves financial knowledge of students, but its effect on financial behavior is still unclear, especially in adolescents. The paper assessed whether management technical education is associated to propensity to plan of young students. Propensity to plan was estimated by using Generalized Linear Model (binomial distribution and 'logit' as link function) in dataset of 201 students of Federal Institute of Mato Grosso, Mato Grosso state/Brazil. Propensity to plan was 20.7% lower in students of management technical education, showing that financial literacy for adolescents is still needed even in educational programs focused on business administration. [ABSTRACT FROM AUTHOR]

Objective - The purpose of this study is to find the impact of financial literacy of micro and small enterprises on financial products. Methodology/Technique - Data was collected through the distribution of questionnaires. The method used was data analysis using multiple regression analysis technique. The sample of this study was 70 small and micro enterprises in Sumba Island, East Nusa Tenggara. Findings - The findings reveal a positive correlation between financial literacy and financial products. Novelty - Improving financial literacy among SMEs will lead to increased use of financial products. The significance of this study is to implement information dissemination and training programs to improve financial literacy and promote the adoption of financial products among SMEs in Sumba Island. [ABSTRACT FROM AUTHOR]

Measuring financial capabilities among young people poses a challenge for scholars. In this study, we developed a set of ten scales to assess various behaviors, attitudes, and knowledge, allowing for a comprehensive examination of the construct. We designed a pool of items and invited 746 participants, aged 16 to 29, who were divided into two groups for studying the psychometric properties of the tests. The first group underwent an Exploratory Factor Analysis, while the second group underwent a Confirmatory Factor Analysis. Through these analyses, we identified five dimensions of financial behaviors, four dimensions of financial attitudes, and one dimension of knowledge or financial literacy. The scales were combined to measure two financial capabilities: Financial Saving Capability and Responsible Debt Management Capability. Furthermore, we identified distinct profiles of young people associated with each proposed financial capability. Finally, we offer a conceptual discussion of the financial capabilities construct, present scales with reliable and valid measurements, and propose avenues for future research. [ABSTRACT FROM AUTHOR]

This paper is aimed at analyzing the factors affecting the saving intention and behavior of young people in Vietnam. Employing exploratory factor analysis (EFA), confirmatory factor analysis (CFA), and structural equation modeling (SEM), data from 236 respondents were analyzed to assess the influence of independent variables on the dependent variable, saving behavior. Deep interview techniques were also incorporated to bolster the quantitative model's outcomes. The empirical findings align with prior research (Rodermund, 2012; Phan & Zhou, 2014) and provide evidence supporting the view of high correlations between the saving behaviors of young people and personal finance factors. First, all three factors including financial literacy, subjective norms, and saving attitudes have a positive impact on young people's saving intention. Second, saving intention has a significant positive impact on saving behavior. Recommendations to young people, parents of young people, educational institutions, and government agencies are proposed for improving the saving behaviors of young people toward financial independence in the post-COVID-19 pandemic era. [ABSTRACT FROM AUTHOR]

The study aimed to determine the relationship between financial behavior and knowledge. We analysed the financial behavior of workers regarding the payment of credit card debt and its relationship with financial knowledge and sociodemographic variables. A non-probabilistic selfdetermination sample of workers from a corporation with nationwide coverage in Mexico was selected for the study. Three hundred fifty-seven cases were obtained, of which only 188 cases of workers who indicated having a credit card were selected. For the analysis of the data, to verify the relationship between the individual's decision with the independent variables, as well as the probability that an individual i belongs to the category j = 1, 2..., J, was used in the Multinomial Logit Model. The sample was made up of 61 % men (n = 230) and 32.9 % women (n=124), with 6.1 % (n = 23) missing cases. The main findings showed that financial behavior was related to workers' knowledge about the financial conditions of credit and the variables of age and monthly income. Knowing the payment dates was significant in making the necessary payment to avoid generating interest and paying the total debt amount. In addition, it is more likely that the person will make the payment needed for not generating interest if they are over 40 years old, and it is more likely that the person will pay the full amount of the debt if they receive three minimum monthly salaries. [ABSTRACT FROM AUTHOR]

Understanding borrowers' behavior is essential in making lending decisions, strengthening financial inclusion, and alleviating poverty. This research adopts a bibliometric approach to provide an overview of the borrower's behavior relative to the selected literature. Bibliometric analysis quantifies the impact and quality of scientific production. This study reviewed 989 articles obtained from SCOPUS and published from 1987 to 2023. Data were cleaned, formatted, and analyzed using VOS viewer (1.6.19) and the R-Bibliometrix package. The research established an increased interest in borrowers' behavior among scholars. Nonetheless, it is overshadowed by studies in lending behavior, microfinance, banking, peer-to-peer lending, and fintech. The scholarly focus is mainly on the supply side of the credit industry with little regard to demand-side dynamics, such as borrowers' decision-making processes, which can affect the performance of credit facilities. This study recommends that further studies on credit facility demand-side dynamics should be carried out to understand the drivers of borrowers' decisions. [ABSTRACT FROM AUTHOR]

We examined the impact of financial literacy on investment decisions, taking a sample of 384 investors from India. A multi‐dimensional construct to measure financial literacy was developed basis the theory of planned behavior. Investment decisions were measured by taking six proxies on a five‐point Likert‐type scale. The causal link between financial literacy and investment decisions was examined using simple linear and binary logistic regression. The results exhibited moderate to high levels of financial literacy among investors. Results further confirm that investors' investment decisions are positively influenced by their financial literacy levels. It is concluded that financial literates have a greater likelihood of making informed investment decisions. These outcomes have practical implications for policymakers, managers, employers, and investors, especially in an emerging market context, making a case for relevant financial education programs to empower investors. The study adds to the theory of financial literacy developing a multi‐dimensional construct and introducing Macroeconomic Factors as a proxy for investment decisions. [ABSTRACT FROM AUTHOR]

Copyright of Serbian Journal of Management is the property of Serbian Journal of Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)