Journals Information
Universal Journal of Accounting and Finance Vol. 10(1), pp. 327 - 337
DOI: 10.13189/ujaf.2022.100133
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Impact of Financial Knowledge, Financial Attitude and Financial Behaviour on Financial Literacy: Structural Equitation Modeling Approach
Dhananjay Banthia , Sanjeeb Kumar Dey *
Department of Commerce, Ravenshaw University, Odisha-753003, India
ABSTRACT
Financial literacy has gained importance in recent years and has become a major issue all around the world. The financial market offers a wide range of products in a complicated manner and product accessibility has also risen. As a result, it is critical for individuals to have the appropriate financial knowledge and awareness in order to make the utmost use of their financial resources. Due to the massive population, poor literacy levels, poverty, disparities in regional languages, diverse cultures, and wide socio-economic disparities, the path to a financially literate in India is also difficult. Further, the behaviour and attitudes of an individual are influenced by the enormous range of culture, beliefs, religion, and customs found in different states. Under such circumstances, this research is conducted to determine the way financial literacy is linked to financial knowledge, financial attitude and financial behaviour in Odisha, India. It is found that there is a negative effect of "Financial Behaviour" on "Financial literacy level". "Financial knowledge" is found to be positively related to "Financial behaviour" and "Financial attitude". But, "Financial attitude & Financial behaviour" are negatively related.
KEYWORDS
Financial Literacy, Financial Knowledge, Financial Attitude and Financial Behaviour, SEM
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Dhananjay Banthia , Sanjeeb Kumar Dey , "Impact of Financial Knowledge, Financial Attitude and Financial Behaviour on Financial Literacy: Structural Equitation Modeling Approach," Universal Journal of Accounting and Finance, Vol. 10, No. 1, pp. 327 - 337, 2022. DOI: 10.13189/ujaf.2022.100133.
(b). APA Format:
Dhananjay Banthia , Sanjeeb Kumar Dey (2022). Impact of Financial Knowledge, Financial Attitude and Financial Behaviour on Financial Literacy: Structural Equitation Modeling Approach. Universal Journal of Accounting and Finance, 10(1), 327 - 337. DOI: 10.13189/ujaf.2022.100133.