ASCENDANCY OF FINANCIAL EDUCATION TO ESCALATE FINANCIAL CAPABILITY OF YOUNG ADULTS: CASE OF PUNJAB, PAKISTAN

被引:1
作者
Noreen, Tayyba [1 ]
Abbas, Mazhar [2 ,4 ]
Shabbir, Muhammad Salman [3 ]
Al-Ghazali, Basheer M. [5 ]
机构
[1] COMSATS Univ Islamabad, Dept Management Sci, Vehari Campus, Islamabad, Pakistan
[2] Univ Hail, Dept Management & MIS, Coll Business Adm, Hail, Saudi Arabia
[3] Univ Sains Malaysia, Sch Management, George Town, Malaysia
[4] King Fahd Univ Petr & Minerals, Dammam Community Coll, Dept Business Adm, Dhahran, Saudi Arabia
[5] King Fahd Univ Petr & Minerals Saudi Arabia, Dammam Community Coll, Dept Business Adm, Dhahran, Saudi Arabia
来源
INTERNATIONAL TRANSACTION JOURNAL OF ENGINEERING MANAGEMENT & APPLIED SCIENCES & TECHNOLOGIES | 2019年 / 10卷 / 15期
关键词
Financial knowledge; Financial attitude; Financial behavior; Financial skills; Non-business students; LITERACY; STUDENTS; BEHAVIOR;
D O I
10.14456/ITJEMAST.2019.200
中图分类号
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号
07 ; 0710 ; 09 ;
摘要
This study assesses the impact of financial education on financial capability (literacy) of young adults in Punjab, Pakistan. Combination of objective financial knowledge, financial attitudes and financial behaviors constructed financial capability. Results indicate that business students are more financially capable than non-business students. The result of the study reveals that Master's degree level education in finance has significant positive impact on financial capability as compared with study of finance in other education levels. The financial education index has highly significant positive impact on financial knowledge, financial attitudes and financial capability index. However, financial education does not improve the financial behaviors of young adults. Moreover, the results also revealed that degree in finance has positive association with financial capability. (C) 2019 INT TRANS J ENG MANAG SCI TECH.
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页数:11
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