STUDENTS’ CONFIDENCE IN THEIR FINANCIAL MANAGEMENT ABILITIES: THE ROLE OF SOCIO-DEMOGRAPHIC CHARACTERISTICS AND EDUCATION

TitleSTUDENTS’ CONFIDENCE IN THEIR FINANCIAL MANAGEMENT ABILITIES: THE ROLE OF SOCIO-DEMOGRAPHIC CHARACTERISTICS AND EDUCATION
Publication TypeJournal Article
Year of Publication2014
AuthorsKozina, FL, Ponikvar, N
JournalProblems of Education in the 21st Century
Volume58
Start Page108-117
PaginationDiscontinuous
Date PublishedMarch/2014
Type of ArticleOriginal article
ISSN1822-7864
Other NumbersICID: 1096677
Keywordsconfidence, financial literacy, money management
Abstract

The aim of this study was to investigate the impact of gender, age, parent’s education, scholarship and students’ education on students’ confidence in their financial management capability and knowledge. In the research, 259 students participated from two different faculties – the Faculty of Education and the Faculty of Economics. This investigation has revealed that the likelihood of students’ confidence in their financial management capability and knowledge is significantly smaller for students who do not specialize in economics or business studies, and for female students. The likelihood of confidence in their financial management capability and knowledge also statistically significantly increases with the father’s educational level, but, interestingly, not with the mother’s. The results also showed, although it is not statistically significant, that students on scholarships on average express a higher confidence in their financial management capability and knowledge. Therefore, the adequacy of the current educational policy (formal and non-formal education) should be considered.

URLhttp://journals.indexcopernicus.com/abstract.php?icid=1096677
Refereed DesignationRefereed
Full Text