Naslov
The Differences of Students' Financial Literacy and Financial Behavior

Autori
Šubić, Roman ; Đuho, Nika ; Milak, Matea

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Global Business Conference 2018 Proceedings: Developing New Value-Creating Paradigms / Hair, Joe ; Krupka, Zoran ; Vlašić, Goran - Dubrovnik : Institut za inovacije, 2018, 249-255

Skup
Global Business Conference 2018

Mjesto i datum
Dubrovnik, Hrvatska, 26.09.2018. - 27.09.2018

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
financial literacy ; financial behavior ; personal finance ; survey analysis ; socio-demographic characteristics

Sažetak
Living in the society where the information about the number of citizens whose accounts were blocked is one of the most important news in the press, represents a sufficient basis for a deep analysis. On the other hand, recent studies on the financial literacy show that Croatians have relatively low level of financial literacy and what is more, young people are the most vulnerable group. The principal aim of the research was to assess whether the financial difficulties arise from the lack of sufficient financial literacy or are the consequence of irresponsible financial behavior. In other words, the intention was to recognize the impact of financial literacy on present or future financial behavior. The survey was conducted among 458 students, 238 of which were students from the Catholic University of Croatia while 220 students were from the Faculty of Economics and Business, University of Zagreb. Regression analysis results indicated relationship of personal finance management and financial behavior with financial information level, respondents' gender and with their risk preferences. Although in public prevail stereotypical beliefs about higher financial competency of males, the results still indicate that there exist some gender differences in the segment of financial literacy. Current awareness of the importance of the financial literacy as well as understanding of the level of risk for the whole society in case of insufficient education represent already a positive shift. However, capital investments in the financial education as a part of human capital will become a precondition for the future development in the environment of knowledge-based society.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA