Individual Investors' Financial Behaviour and Financial Attitude: Role of Financial Literacy as Moderator in Decision Making
As an individual investor, it is incredible to have a successful performance return without financial knowledge. An organization's performance must be measured and analysed based on an adequate financial management system. In today's multifaceted financial scenery Financial Literacy is crucial as it does not only impact financial decisions at the business level but is also important for the country's development. Financial literacy has the importance of the backbone of society. The study adds a new mechanism of financial literacy. The main objective of this study is to determine further insight into the role of financial literacy on an individual's behaviour and attitude towards financial decision making. For analysis, the moderator impact of financial literacy on decision-making data of 100 individual investors has been collected from different banking sectors of Pakistan. The result of this study shows that financial literacy has a significant impact on financial decision making. This study delivers knowledge that can contribute to guiding coming studies, making policies, directors and instructors in their teaching.
-
Financial Literacy, Financial Behaviour, Investment Decision Making, Financial Attitude
-
(1) Sadaf Ambreen
Lecturer, Department of Business Administration, Government College Women University Faisalabad, Punjab, Pakistan.
(2) Laiba Khalid
BBA, Department of Business Administration, Government College Women University Faisalabad, Punjab, Pakistan.
(3) Aniqa Zubair
Teaching Assistant, Department of Business Administration, Government College Women University Faisalabad, Punjab, Pakistan.
- Adomako, S., et al. (2016).
- Ammann, M., et al. (2012).
- Arianti, B. F. (2018).
- Awais, M., et al. (2016).
- Barber, B. M. and T. Odean (2001).
- Blue, L. (2016).
- Bonds Raacke, J., & Raacke, J. (2012). Research methods: Are you equipped?, Prentice Hall.
- Bryman, A., & Becker, S. (2012). Http://Sro.Sussex.Ac.Uk/Id/Eprint/75 245.
- Casanova, R., et al. (2011).
- Engle-Warnick, J., et al. (2016). Trust, ambiguity, and financial decision- making, CIRANO. https://econpapers.repec.org/paper/ circirwor/2016s-44.htm
- Fitra, H., Rasyid, R., & Susanti, Y. (2018, July 2). The Influence of Locus of Control and Financial Knowledge to Employee Investing Decision PT. Pertamina (Persero) Branch of Padang. Atlantis Press. https://www.atlantis- press.com/proceedings/piceeba- 18/25902676
- Ghauri, P. N., & Grønhaug, K. (2005). Research methods in business studies: A practical guide, Pearson Education. https://kclpure.kcl.ac.uk/portal/en/pu blications/research-methods-in- business-studies-a-practical- guide(e4393fe7-90cd-4d56-a93d- c93c8a31db32)/export.html
- Henderson, B. J. and H. Tookes (2012).
- Janor, H., et al. (2017). https://www.semanticscholar.org/pap er/Financial-literacy-and- investment-decisions-in-and-Janor- Yakob/03fd7e75e1e9c80c4f8d69a0d3 6444b0f825fcf4
- Johnson, R. B., & Onwuegbuzie, A. J. (2004).
- Kefela, G. T. (2010).
- Khan, S. (2016). https://papers.ssrn.com/sol3/papers.c fm?abstract_id=2727890
- Kumar, S., et al. (2017).
- Nguyen, L., et al. (2016).
- Ritter, J. R. (2003).
- Saunders, M., et al. (2007).
- Shusha, A. A. (2017).
- Spaniol, J., & Bayen, U. J. (2005).
- Visyalini, S. (2018). Financial literacy education and retirement planning of the urban elderly in Malaysia/Visyalini Selvadurai, University of Malaya. 1-298.
Cite this article
-
APA : Ambreen, S., Khalid, L., & Zubair, A. (2021). Individual Investors' Financial Behaviour and Financial Attitude: Role of Financial Literacy as Moderator in Decision Making. Global Economics Review, VI(I), 200-213. https://doi.org/10.31703/ger.2021(VI-I).15
-
CHICAGO : Ambreen, Sadaf, Laiba Khalid, and Aniqa Zubair. 2021. "Individual Investors' Financial Behaviour and Financial Attitude: Role of Financial Literacy as Moderator in Decision Making." Global Economics Review, VI (I): 200-213 doi: 10.31703/ger.2021(VI-I).15
-
HARVARD : AMBREEN, S., KHALID, L. & ZUBAIR, A. 2021. Individual Investors' Financial Behaviour and Financial Attitude: Role of Financial Literacy as Moderator in Decision Making. Global Economics Review, VI, 200-213.
-
MHRA : Ambreen, Sadaf, Laiba Khalid, and Aniqa Zubair. 2021. "Individual Investors' Financial Behaviour and Financial Attitude: Role of Financial Literacy as Moderator in Decision Making." Global Economics Review, VI: 200-213
-
MLA : Ambreen, Sadaf, Laiba Khalid, and Aniqa Zubair. "Individual Investors' Financial Behaviour and Financial Attitude: Role of Financial Literacy as Moderator in Decision Making." Global Economics Review, VI.I (2021): 200-213 Print.
-
OXFORD : Ambreen, Sadaf, Khalid, Laiba, and Zubair, Aniqa (2021), "Individual Investors' Financial Behaviour and Financial Attitude: Role of Financial Literacy as Moderator in Decision Making", Global Economics Review, VI (I), 200-213
-
TURABIAN : Ambreen, Sadaf, Laiba Khalid, and Aniqa Zubair. "Individual Investors' Financial Behaviour and Financial Attitude: Role of Financial Literacy as Moderator in Decision Making." Global Economics Review VI, no. I (2021): 200-213. https://doi.org/10.31703/ger.2021(VI-I).15