Öz
Bu çalışmanın amacı, dördüncü sınıftaki lisans öğrencilerinin ve yüksek lisans öğrencilerinin finansal okuryazarlık düzeyini araştırmaktır. Çalışmada, sosyodemografik özelliklerin, finansal eğitimin, finansal davranış ve deneyimin, aile geçmişi ve mali durumun ve sosyal sermayenin finansal okuryazarlıkla ne ölçüde ilişkili olduğu gösterilmektedir. Çalışmada veri toplamak ve analiz yapmak amacıyla bulunan 348 üniversite öğrencisine uygulanan anket sonuçlarının test edilmesi ve doğrulanması amacıyla odak grup yöntemi kullanılarak karma bir araştırma metodolojisi uygulanmıştır. Araştırma sonucunda öğrencilerin finansal bilgiye olan ilgisinin çok düşük olduğu, enflasyon ve basit faiz oranı gibi finansal kavramların öğrencilerin tarafından anlaşılmadığı ortaya çıkmıştır. Bu sonuçlar, öğrencilerin düşük bir finansal okuryazarlık seviyesine sahip olduğunu yansıtmaktadır. Son olarak, finansal okuryazarlık düzeyi iyi olan bir sosyal ortam ile bireyin finansal okuryazar olması arasında anlamlı bir ilişki olduğu görülmüştür.
Anahtar Kelimeler
Finansal Okuryazarlık Finansal Bilgi Finansal Davranış Finansal Eğitim
Kaynakça
- Almenberg, J., and Dreber, A. (2015). Gender, stock market participation and financial literacy. Economics Letters, 137, 140-142.
- Arora, S., and Marwaha, K. (2014). Financial literacy level and awareness regarding stock market: An empirical study of individual stock investors of Punjab. Management and Labour Studies, 38(3), 241-253.
- Atkinson, A., and Messy, F. A. (2011). Assessing financial literacy in 12 countries: an OECD/INFE international pilot exercise. Journal of Pension Economics & Finance, 10(4), 657-665.
- Brounen, D., Koedijk, K. G., and Pownall, R. A. (2016). Household financial planning and savings behavior. Journal of International Money and Finance, 69, 95-107.
- Chen, H., and Volpe, R. P. (2002). Gender differences in personal financial literacy among college students. Financial services review, 11(3), 289-307.
- Criddle, E. (2006). Financial literacy: Goals and values, not just numbers. Alliance 34(4).
- Gale, W. G., and Levine, R. (2010). Financial literacy: What works? How could it be more effective?. Paper presented at First Annual Conference of the Financial Literacy Research Consortium, Washington. doi.org/10.2139/ssrn.1758910
- Garg, N., and Singh, S. (2018). Financial literacy among youth. International journaL of sociaL economics, 45(1), 173-186
- Grohmann, A., Kouwenberg, R., and Menkhoff, L. (2015). Childhood roots of financial literacy. Journal of Economic Psychology, 51, 114-133.
- Hathaway, I., and Khatiwada, S. (2008). Do financial education programs work?. Federal Reserve Bank of Cleveland Working Paper 2008-03.
- Krejcie, R. V., and Morgan, D. W. (1970). Determining sample size for research activities. Educational and psychological measurement, 30(3), 607-610.
- Lusardi, A. (2015). Financial literacy: Do people know the ABCs of finance?. Public understanding of science, 24(3), 260-271.
- Lusardi, A. (2019). Financial literacy and the need for financial education: evidence and implications. Swiss Journal of Economics and Statistics, 155(1), 1.
- Lusardi, A., and Mitchell, O. S. (2007). Baby boomer retirement security: The roles of planning, financial literacy, and housing wealth. Journal of monetary Economics, 54(1), 205-224.
- Lusardi, A., and Mitchelli, O. S. (2007). Financial literacy and retirement preparedness: Evidence and implications for financial education. Business economics, 42(1), 35-44.
- Lusardi, A., and Mitchell, O. S. (2009). Financial literacy: Evidence and implications for financial education. Trends and issues, 1-10.
- Lusardi, A., and Mitchell, O. S. (2010). Implications for retirement wellbeing of financial literacy and planning. Pension Research Council WP, 26.
- Lusardi, A., and Mitchell, O. S. (2011). Financial literacy around the world: an overview. Journal of Pension Economics and Finance. Cambridge University Press,10(04), 497-508.
- Lusardi, A., Michaud, P. C., and Mitchell, O. S. (2020). Assessing the impact of financial education programs: A quantitative model. Economics of Education Review, 78, 101899.
- Lusardi, A., Mitchell, O. S., and Curto, V. (2010). Financial literacy among the young. Journal of consumer affairs, 44(2), 358-380.
- Lusardi, A., and Tufano, P. (2009). Debt literacy, financial experiences, and overindebtedness (No. w14808). National Bureau of Economic Research, 4808, 1-46.
- Mouna, A., and Jarboui, A. (2015). Financial literacy and portfolio diversification: an observation from the Tunisian stock market. International Journal of Bank Marketing, 33(6), 808-822.
- Pellinen, A., Törmäkangas, K., Uusitalo, O., and Raijas, A. (2011). Measuring the financial capability of investors: A case of the customers of mutual funds in Finland. The International Journal of Bank Marketing, 29(2), 107-133.
- Potrich, A. C. G., Vieira, K. M., and Mendes-Da-Silva, W. (2016). Development of a financial literacy model for university students. Management Research Review, 39(3), 356-376.
- Potrich, A. C. G., Vieira, K. M., Coronel, D. A., and Bender Filho, R. (2015). Financial literacy in Southern Brazil: Modeling and invariance between genders. Journal of Behavioral and Experimental Finance, 6, 1-12.
- Sohn, S. H., Joo, S. H., Grable, J. E., Lee, S., and Kim, M. (2012). Adolescents’ financial literacy: The role of financial socialization agents, financial experiences, and money attitudes in shaping financial literacy among South Korean youth. Journal of adolescence, 35(4), 969-980.
- Stango, V., and Zinman, J. (2007). Fuzzy math and red ink: When the opportunity cost of consumption is not what it seems. Dartmouth College. http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.457.4758)
- Tauni, M. Z., Fang, H. X., and Iqbal, A. (2016). Information sources and trading behavior: does investor personality matter?. Qualitative Research in Financial Markets, 8(2), 94-117.
- Van Rooij, M. C., Lusardi, A., and Alessie, R. J. (2011). Financial literacy and retirement planning in the Netherlands. Journal of economic psychology, 32(4), 593-608.
- Van Rooij, M., Lusardi, A., and Alessie, R. (2011). Financial literacy and stock market participation. Journal of Financial Economics, 101(2), 449-472.
- Webley, P., and Nyhus, E. K. (2013). Economic socialization, saving and assets in European young adults. Economics of Education Review, 33, 19-30.
- Williams, A. J., and Oumlil, B. (2015). College student financial capability. International Journal of Bank Marketing, 33(5), 637-653.
- Willis, L. E. (2009). Evidence and ideology in assessing the effectiveness of financial literacy education. San Diego L. Rev., 46, 415.
Öz
The study of financial literacy on business students aims to highlight the financial literacy level of senior students of bachelor degree and postgraduate students.. Although the study illustrates how financial literacy associated with socio- demographic characteristics, financial education, financial behavior, family background, and social capital. The study employs mixed research methodology in which an administered questionnaire and focus group tools are used. The study finds that students’ interest for obtaining financial information is very low which reflects a low level of financial literacy. Although, theresults show a critical red flag of warning in understanding the basic financial concepts (inflation, simple interest rate calculation and portfolio diversification). Moreover, the results find that family background and financial socialization play a significant role in shaping family members’ financial literacy weather intentionally or spontaneously. Based on theresults of the analysis and focus group justification, theresearcher recommends that there is an insisting need for; enhancing the role of the universities in improving financial literacy, and recommends future studies to expand the range of study in light of the role of high education ministry, universities and financial institutions.
Anahtar Kelimeler
Financial Literacy Financial Knowledge Financial Behavior Financial Education
Kaynakça
- Almenberg, J., and Dreber, A. (2015). Gender, stock market participation and financial literacy. Economics Letters, 137, 140-142.
- Arora, S., and Marwaha, K. (2014). Financial literacy level and awareness regarding stock market: An empirical study of individual stock investors of Punjab. Management and Labour Studies, 38(3), 241-253.
- Atkinson, A., and Messy, F. A. (2011). Assessing financial literacy in 12 countries: an OECD/INFE international pilot exercise. Journal of Pension Economics & Finance, 10(4), 657-665.
- Brounen, D., Koedijk, K. G., and Pownall, R. A. (2016). Household financial planning and savings behavior. Journal of International Money and Finance, 69, 95-107.
- Chen, H., and Volpe, R. P. (2002). Gender differences in personal financial literacy among college students. Financial services review, 11(3), 289-307.
- Criddle, E. (2006). Financial literacy: Goals and values, not just numbers. Alliance 34(4).
- Gale, W. G., and Levine, R. (2010). Financial literacy: What works? How could it be more effective?. Paper presented at First Annual Conference of the Financial Literacy Research Consortium, Washington. doi.org/10.2139/ssrn.1758910
- Garg, N., and Singh, S. (2018). Financial literacy among youth. International journaL of sociaL economics, 45(1), 173-186
- Grohmann, A., Kouwenberg, R., and Menkhoff, L. (2015). Childhood roots of financial literacy. Journal of Economic Psychology, 51, 114-133.
- Hathaway, I., and Khatiwada, S. (2008). Do financial education programs work?. Federal Reserve Bank of Cleveland Working Paper 2008-03.
- Krejcie, R. V., and Morgan, D. W. (1970). Determining sample size for research activities. Educational and psychological measurement, 30(3), 607-610.
- Lusardi, A. (2015). Financial literacy: Do people know the ABCs of finance?. Public understanding of science, 24(3), 260-271.
- Lusardi, A. (2019). Financial literacy and the need for financial education: evidence and implications. Swiss Journal of Economics and Statistics, 155(1), 1.
- Lusardi, A., and Mitchell, O. S. (2007). Baby boomer retirement security: The roles of planning, financial literacy, and housing wealth. Journal of monetary Economics, 54(1), 205-224.
- Lusardi, A., and Mitchelli, O. S. (2007). Financial literacy and retirement preparedness: Evidence and implications for financial education. Business economics, 42(1), 35-44.
- Lusardi, A., and Mitchell, O. S. (2009). Financial literacy: Evidence and implications for financial education. Trends and issues, 1-10.
- Lusardi, A., and Mitchell, O. S. (2010). Implications for retirement wellbeing of financial literacy and planning. Pension Research Council WP, 26.
- Lusardi, A., and Mitchell, O. S. (2011). Financial literacy around the world: an overview. Journal of Pension Economics and Finance. Cambridge University Press,10(04), 497-508.
- Lusardi, A., Michaud, P. C., and Mitchell, O. S. (2020). Assessing the impact of financial education programs: A quantitative model. Economics of Education Review, 78, 101899.
- Lusardi, A., Mitchell, O. S., and Curto, V. (2010). Financial literacy among the young. Journal of consumer affairs, 44(2), 358-380.
- Lusardi, A., and Tufano, P. (2009). Debt literacy, financial experiences, and overindebtedness (No. w14808). National Bureau of Economic Research, 4808, 1-46.
- Mouna, A., and Jarboui, A. (2015). Financial literacy and portfolio diversification: an observation from the Tunisian stock market. International Journal of Bank Marketing, 33(6), 808-822.
- Pellinen, A., Törmäkangas, K., Uusitalo, O., and Raijas, A. (2011). Measuring the financial capability of investors: A case of the customers of mutual funds in Finland. The International Journal of Bank Marketing, 29(2), 107-133.
- Potrich, A. C. G., Vieira, K. M., and Mendes-Da-Silva, W. (2016). Development of a financial literacy model for university students. Management Research Review, 39(3), 356-376.
- Potrich, A. C. G., Vieira, K. M., Coronel, D. A., and Bender Filho, R. (2015). Financial literacy in Southern Brazil: Modeling and invariance between genders. Journal of Behavioral and Experimental Finance, 6, 1-12.
- Sohn, S. H., Joo, S. H., Grable, J. E., Lee, S., and Kim, M. (2012). Adolescents’ financial literacy: The role of financial socialization agents, financial experiences, and money attitudes in shaping financial literacy among South Korean youth. Journal of adolescence, 35(4), 969-980.
- Stango, V., and Zinman, J. (2007). Fuzzy math and red ink: When the opportunity cost of consumption is not what it seems. Dartmouth College. http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.457.4758)
- Tauni, M. Z., Fang, H. X., and Iqbal, A. (2016). Information sources and trading behavior: does investor personality matter?. Qualitative Research in Financial Markets, 8(2), 94-117.
- Van Rooij, M. C., Lusardi, A., and Alessie, R. J. (2011). Financial literacy and retirement planning in the Netherlands. Journal of economic psychology, 32(4), 593-608.
- Van Rooij, M., Lusardi, A., and Alessie, R. (2011). Financial literacy and stock market participation. Journal of Financial Economics, 101(2), 449-472.
- Webley, P., and Nyhus, E. K. (2013). Economic socialization, saving and assets in European young adults. Economics of Education Review, 33, 19-30.
- Williams, A. J., and Oumlil, B. (2015). College student financial capability. International Journal of Bank Marketing, 33(5), 637-653.
- Willis, L. E. (2009). Evidence and ideology in assessing the effectiveness of financial literacy education. San Diego L. Rev., 46, 415.
Ayrıntılar
| Birincil Dil | İngilizce |
|---|---|
| Bölüm | MAKALELER |
| Yazarlar | |
| Yayımlanma Tarihi | 30 Nisan 2023 |
| Yayımlandığı Sayı | Yıl 2023 Sayı: 39 |
______________________________________________________
Adres: KTÜ-İİBF. Oda No:213 61080 TRABZON
e-mail : uiiidergisi@gmail.com