Determinants of Financial Literacy and Investment Behavior: Evidence from University Students

The research explores Financial Literacy (FL) among undergraduate students. The study aims to evaluate the FL of a specific group of undergraduate students. It investigates how different demographic and socioeconomic factors influence these students' FL and analyzes various demographic and soci...

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Bibliographic Details
Published inNUML international journal of business & management Vol. 19; no. 1; pp. 1 - 25
Main Authors Akram, Muhammad Sulaman, Khan, Noureen A, Hamid, Baharom Abdul, Khattak, Mudeer Ahmed
Format Journal Article
LanguageEnglish
Published Islamabad National University of Modern Languages, Faculty of Management Sciences 01.06.2024
National University of Modern Languages (NUML), Islamabad
Subjects
College students
Decision making
Financial inclusion
Financial Literacy
Gender
Influence
Investment
Investors
Knowledge
Literature reviews
Logistic Regression
Pakistan
Portfolio management
Socioeconomic factors
University Students
Women
Pakistan
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Summary:The research explores Financial Literacy (FL) among undergraduate students. The study aims to evaluate the FL of a specific group of undergraduate students. It investigates how different demographic and socioeconomic factors influence these students' FL and analyzes various demographic and socioeconomic factors to determine if they are better predictors of FL among students. The demographic and socioeconomic factors analysis shows that FL among university students is generally low. Male students studying business and coming from higher-income families have improved FL, while students in their early twenties typically have lower levels of FL. Educators should help low-income parents and women with FL, promoting financial inclusion. Helping women improve their financial understanding brings numerous benefits and positively influences the financial attitudes of their children, encouraging them to foster strong financial skills and knowledge from an early ages.
ISSN:2410-5392
2521-473X