Naslov
PERSONAL FINANCE MANAGEMENT - STUDENT POPULATION INVOLVEMENT INTO THE FINANCIAL SYSTEM IN EASTERN CROATIA

Autori
Vretenar Cobović, Maja ; Cobović, Mirko ; Miklošević, Ivana

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

Izvornik
11th INTERNATIONAL SCIENTIFIC SYMPOSIUM REGION, ENTREPRENEURSHIP, DEVELOPMENT / Leko Šimić, Mirna - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2022, 854-869

Skup
11th International Scientific Symposium Region Entrepreneurship Development (RED 2022)

Mjesto i datum
Osijek, Hrvatska, 09.06.2022. - 11.06.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
financial education, personal finance, financial management, Eastern Croatia, student population

Sažetak
Financial education represents a set of knowledge in the field of finance that is necessary for making population's short-term and long-term financial decisions. Unfortunately, the insufficient participation of the financially disadvantaged population creates a gap between the needs and demands of certain social groups for the supply of basic financial services. The economic development of an individual country significantly affects the development of its regions and the financial potential of the population in that area. Therefore, insufficient and uneven economic development causes many problems for the population both at the local and personal level. Furthermore, problems are primarily due to the lack of financial income and to the economic lag of Eastern Croatia, which is behind the national average, and especially the lack of this income within the student population. Therefore, financial education is a long-term process whose effects are often not immediately apparent and financial literacy activities need to be continually pursued. The aim of this paper is to research and analyse the level of financial inclusion and financial literacy of the student population in Eastern Croatia, the knowledge of their status in the financial system and the relation to personal finance, which substantially reflects the level of their financial education. The authors use a number of scientific research methods (methods of analysis, comparison, induction, deduction, description and classification, etc.) as well as individual statistical and mathematical methods. The research methodology is based on the survey method through an online survey questionnaire instrument. In the paper, the calculation of correlation values between financial education and personal finances management of respondents for individual variables from the survey questionnaire is presented (number of credit institutions services, the motives for choosing an individual credit institution, care of student population in the management of personal finances, etc.). More specifically, the relationship between the essential elements of the loan, which is important to the respondents, was examined. Pearson's correlation coefficient (r) was used to calculate correlation values. Accordingly, the obtained research results show that the level of financial education of the student population in Eastern Croatia is not satisfactory, and that there is a need to improve financial knowledge in this area.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA