Influence Of Financial Literacy On Personal Financial Decision Among Nepalese Business Students: Mediating Role Of Financial Behaviour
DOI:
https://doi.org/10.22452/JIE.vol18no3.8Keywords:
Financial literacy, Financial behaviour, Financial decision, Consumer behaviour, Saving behaviour, University business studentsAbstract
The study aims to analyse the effect of financial literacy among university
business students on their financial behaviour and financial decisions. The study
adopted a descriptive and explanatory research design and considered 384 responses
from management/business students. The descriptive, path mediation analysis was
carried out to describe the status of financial literacy, financial behaviour, and financial
decisions among university business students. The hypotheses were tested with the
PLS-SEM technique. The study evidenced that financial literacy positively influences
financial behaviour. Likewise, financial literacy positively influences financial decisions.
It was found that financial behaviour does not influence financial decisions. Similarly,
financial behaviour doesn’t mediate the relationship between financial literacy and
financial decisions. This study helps in understanding different dimensions that play a
role in explaining financial literacy, financial behaviour, financial decision-making and
the interplay among them.
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