Gender Differences in Financial Literacy: A Study of Trincomalee Campus, Eastern University, Sri Lanka (original) (raw)
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GENDER DISPARITIES IN FINANCIAL LITERACYAMONG UNIVERSITY LEVEL STUDENTS
The major objective of this study was to determine gender disparities in financial literacy among university level students. Primary data were collected by using the random sampling method across KPK. A total of 300 self-administered questionnaires were distributed among the students and 250 questionnaires were returned. The response rate was eighty four percent which was quite satisfactory. The results of the study found that female respondents enrolled both in colleges and universities have greater talent in saving, financial records, time value of money, use of study loan and manage daily expenses as compares to male students whereas male students have greater skills in future needs, financial goals, investment and general knowledge on personal finance than female students. Based on total mean score, findings showed that overall male students have more knowledge about financial literacy than female students in KPK.
Gender Disparities in Financial Literacy among University Level Students.pdf
The major objective of this study was to determine gender disparities in financial literacy among university level students. Primary data were collected by using the random sampling method across KPK. A total of 300 self-administered questionnaires were distributed among the students and 250 questionnaires were returned. The response rate was eighty four percent which was quite satisfactory. The results of the study found that female respondents enrolled both in colleges and universities have greater talent in saving, financial records, time value of money, use of study loan and manage daily expenses as compares to male students whereas male students have greater skills in future needs, financial goals, investment and general knowledge on personal finance than female students. Based on total mean score, findings showed that overall male students have more knowledge about financial literacy than female students in KPK.
Gender Differences in Financial Literacy among College Students
Journal of American Science, 2011
The paper aims to examine gender differences in financial literacy among college students. Using the stratified sampling method, 2,340 college students from six public and five private colleges were studied. The findings indicate gender differences in different dimensions of financial literacy, in which males were more knowledgeable in financial matters than female students. The results revealed that among the six dimensions of financial literacy, male students have more knowledge concerning credit and risk management, while females are more knowledgeable in respect of general financial literacy. [Leila Falahati, Gender Differences in Financial Literacy among College Students.
The Effect of Gender on Financial Literacy
Finans Ekonomi ve Sosyal Araştırmalar Dergisi, 2020
Financial literacy is the ability of an individual to take informed decisions on basic financial practices. Financial literacy is essential not only for the individual but also for the development of the markets of a country. In order to develop the markets of a country, education has to be provided to everyone starting from the individuals with the lowest position. Thus, providing quality finance education contributes to the development of both the individual and the economy of the concerned country. This study investigates the relation between financial literacy level and gender of individuals. It was attempted to determine whether gender affects the level of financial literacy and what is the extent of this effect. In order to test this relation, an online survey was applied to 602 people living in Turkey with a randomly selected sample. A regression analysis was conducted with the obtained data to determine the existence of the relation and the Anova analysis was conducted additionally. Then, the direction and level of the data were found by the correlation analysis. The study found out which gender had more sufficient financial knowledge and determined the gender of the individuals who needed to receive finance education. In addition, the investment knowledge of men and women were compared and the effect of gender difference on financial literacy was determined. As a result of the analyses, it was concluded that gender has no significant effect on financial literacy, that the financial literacy is affected by financial education and that there will not be any difference between men and women if women are educated and equipped with financial information as a part of the society.
Asian Journal of Economics, Business and Accounting, 2021
The objective of the study is to determine the factors for the personal financial literacy of university students. The study aims at the determinants that reasoning on personal financial literacy. The sample was selected from a final year student at the University of Kelaniya, Sri Lanka. Pearson Chi-Square was used to test the hypotheses. The study found that faculty, relevant course, work experience, monthly money receiving are the main determinants for the personal financial literacy of undergraduates. On the other hand, gender, education of parents, race, financial management skills, and personal financial literacy are not the significant factors for determinants to personal financial literacy. The outcomes of the study will be useful to academics, policymakers to understand the main determinants for personal financial literacy
Gender, financial literacy, and financial behavior among students
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This study intends to examine and analyze the influence of financial literacy on people’s behavior and the difference in financial literacy and behavior based on gender. The population of this research comprises students in higher education institutions in Jakarta and were selected using the snowball sampling technique. This study utilizes the survey technique by distributing questionnaires to the sample population, and the variance-based structural equation model (SEM) was used to statistically analyze the responses. After deliberating the results, this study concludes that males have better financial literacy and behavior than females; financial literacy can intervene in the association between gender and money-related behavior. This means males tend to manage their money when they are financially knowledgeable. Based on this evidence, higher education institutions must set personal financial management as mandatory and elective subjects for business and non-business departments i...
Financial literacy has again come into spotlight and has become a hot issue with the recent economic development in Sri Lanka. This study makes an attempt to assess the degree of financial literacy and determine the impact of demographic factors on the financial literacy level of students of non-university higher educational institute in Sri Lanka. 319 students were surveyed during April and May 2015 for these purposes. In order to assess the degree of financial literacy, based on the correct answers provided, a main financial literacy index and four related sub-indices on general financial knowledge, savings and borrowings, insurance and investments were constructed. The results indicated that the degree of financial literacy among the students, measured in terms of main financial literacy index is 64%. The other sub-indices ranged from 52% (investment sub-index) to 71%(savings and borrowings sub-index). Based on the logistic regression result that examined the impact of demographic factors on the financial literacy indicated that non-business management majors (i.e., English and Information Technology) are more likely to be less knowledgeable on financial literacy (in overall and in general knowledge and savings and borrowings sub-dimensions) than business majors (i.e., Accounting and Business Management).These results are expected to have significant educational policy implications that includes introduction of subjects related to financial literacy for all students in their formative stages as well as introducing course components related to accounting and finance in the curriculums of non-business majors.
2013
Abstract: The paper aims to examine gender differences in financial literacy among college students. Using the stratified sampling method, 2,340 college students from six public and five private colleges were studied. The findings indicate gender differences in different dimensions of financial literacy, in which males were more knowledgeable in financial matters than female students. The results revealed that among the six dimensions of financial literacy, male students have more knowledge concerning credit and risk management, while females are more knowledgeable in respect of general financial literacy. [Leila Falahati, Gender Differences in Financial
Financial Literacy among Women -Indian Scenario
Universal Journal of Accounting and Finance, 2017
One of the biggest challenges of our country is women empowerment which can only be attained by making women educated, finance liberated and independent. Financial literacy can be understood as the ability to know how money works in a normal course of action. Specifically it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. In India, virtually women are the main spender of the family whereas the men are the principal earner of the family. Although women's access to financial services has increased substantially faster in the past 10 years, their ability to exploit this access is often still limited by the disadvantages they experience because of their gender. Women are good at budgeting and managing household expenses but many women take their steps back when it comes to take larger financial decisions and they generally leave it to their spouses, fathers, brothers, etc, believing them to be financial experts. A minimum basic level of financial literacy is very essential for every woman so that they can live their life according to their own choices hence contributing the healthy and prosperous life of their family as a whole. Women have enormous potential to contribute towards the growth of the economy hence a financially independent women can be a great source of economic development. The purpose of this study was to give an overview about the financial literacy among women in developing country like India.
Association Between Demographics and Financial Literacy of Women
ComFin Research
Financial literacy is fundamentally spreading the awareness of good money and management practices. It includes all currency transactions made by a person, such as income, expenses, savings, loans, and investments. Financial literacy is a process of making sense of and indulgent financial issues and situations. In the present study, authors have presented an association of demographic factors towards financial literacy among women in Vizianagaram, Andhrapradesh. The sample size of 540 women from various areas of Vizianagaram has been incorporated for the research. A structured questionnaire designed on a 5 point Likert scale has been used based on a simple sampling method. The association between independent variables, i.e., demographic factors, is investigated by applying One-way Anova for hypothesis testing. The findings revealed that the financial literacy of women has a moderate association with demographic factors.