FINANCIAL CAPABILITY AS A FUNCTION OF FINANCIAL LITERACY, FINANCIAL ADVICE, AND FINANCIAL SATISFACTION

Simple item page
dc.contributor.authorAjaz Khan, Khurram
dc.contributor.authorÇera, Gentjan
dc.contributor.authorPinto Alves, Sandra Raquel
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2022-03-28T09:23:19Z
dc.date.available2022-03-28T09:23:19Z
dc.description.abstractThere is no substantial evidence that exists in the literature to establish the link between financial advice and financial capability fully establishes, even though ‘getting help’ is identified as an important aspect of financial capability. This study sets out to fulfil a couple of objectives. Its primary goal is to investigate the effects that a combination of financial literacy elements (financial attitude, financial knowledge, and financial behaviour), financial advice as well as financial satisfaction have on individuals’ financial capability, and secondly, to test and prescribe the improved scale of financial capability measurement. This research has been administered in Spain at an individual level. Hierarchical regression method along with Z-test were used. Regressions’ outcomes reveal that financial constructs positively impact the individuals’ financial capability. From the viewpoint of policymakers, it is vital to fully comprehend the significant factors influencing financial capability to plan better strategies to empower the citizens with adequate skills, abilities, and behaviour so to succeed in dealing with financial matters in daily basis. The originality and value added to the present study is two-fold. Firstly, it comprehensively examines the wide-ranging financial indicators seen as critical in determining financial capability, which remain yet not quite covered in other studies. Second, both indicators used to measure the financial capability revealed no substantial differences, therefore an improved composite scale is prescribed as useful in measuring financial capability in future research.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2022-1-009
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/163520
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.isbasedonAgarwalla, S. K., Barua, S. K., Jacob, J., & Varma, J. R. (2015). Financial Literacy among Working Young in Urban India. World Development, 67, 101–109. https://doi.org/10.1016/j.worlddev.2014.10.004
dc.relation.isbasedonAjzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T
dc.relation.isbasedonAjzen, I. (2009). Theory of Planned Behavior Measure. Change. Journal of Health Psychology, 12(1), 1–8. https://doi.org/10.1037/t15668-000
dc.relation.isbasedonAli, A., Rahman, M. S. A., & Bakar, A. (2015). Financial Satisfaction and the Influence of Financial Literacy in Malaysia. Social Indicators Research, 120(1), 137–156. https://doi.org/10.1007/s11205-014-0583-0
dc.relation.isbasedonArchuleta, K. L., Dale, A., & Spann, S. M. (2013). Financial Satisfaction, and Financial Anxiety. Journal of Financial Counseling and Planning, 24(2), 50–62.
dc.relation.isbasedonArifin, A. Z. (2018). Influence of financial attitude, financial behavior, financial capability on financial satisfaction. In Proceedings of the 15th International Symposium on Management (INSYMA 2018) (pp. 100–103). https://doi.org/10.2991/insyma-18.2018.25
dc.relation.isbasedonAtkinson, A., & Messy, F. A. (2011). Assessing financial literacy in 12 countries: An OECD/INFE international pilot exercise. Journal of Pension Economics and Finance, 10(4), 657–665. https://doi.org/10.1017/S1474747211000539
dc.relation.isbasedonBagozzi, R. P., & Yi, Y. (2012). Specification, evaluation, and interpretation of structural equation models. Journal of the Academy of Marketing Science, 40(1), 8–34. https://doi.org/10.1007/s11747-011-0278-x
dc.relation.isbasedonBatty, M., Collins, J. M., & Odders-White, E. (2015). Experimental Evidence on the Effects of Financial Education on Elementary School Students’ Knowledge, Behavior, and Attitudes. Journal of Consumer Affairs, 49(1), 69–96. https://doi.org/10.1111/joca.12058
dc.relation.isbasedonBelás, A., & Gabčová, L. (2014). Reasons for Satisfaction and Dissatisfaction of Bank Customers. Study from Slovakia and the Czech Republic. International Journal of Entrepreneurial Knowledge, 2(1), 4–13. https://doi.org/10.15759/ijek/2014/v2i1/53759
dc.relation.isbasedonBhushan, P., & Yajulu, M. (2014). An Empirical Analysis of Inter Linkages Between Financial Attitudes, Financial Behaviour and Financial Knowledge of Salaried Individuals. Indian Journal of Commerce & Management Studies, V(3), 58–64.
dc.relation.isbasedonBoissay, F., & Rungcharoenkitkul, P. (2020). Macroeconomic effects of Covid-19: an early review. BIS Bulletin, 7, 1–6.
dc.relation.isbasedonBowen, C. F. (2002). Financial Knowledge Of Teens And Their Parents. Financial Counseling and Planning, 13(2), 93–102.
dc.relation.isbasedonBrown, J. T. (2020). Economic dignity and financial capabilities. Connecting principles and concepts (Working Paper). Victoria: Brotherhood of St Laurence.
dc.relation.isbasedonÇera, G., Khan, K. A., Belas, J., & Ribeiro, H. N. R. (2020). The Role of Financial Capability and Culture in Financial Satisfaction. Economic Papers: A Journal of Applied Economics and Policy, 39(4), 389–406. https://doi.org/10.1111/1759-3441.12299
dc.relation.isbasedonÇera, G., Khan, K. A., Mlouk, A., & Brabenec, T. (2020). Improving financial capability: the mediating role of financial behaviour. Economic Research – Ekonomska Istraživanja, 34(1), 1–18. https://doi.org/10.1080/1331677X.2020.1820362
dc.relation.isbasedonÇera, G., Khan, K. A., Rowland, Z., & Ribeiro, H. N. R. (2021). Financial Advice, Literacy, Inclusion and Risk Tolerance: The Moderating Effect of Uncertainty Avoidance. E&M Economics and Management, 24(4), 105–123. https://doi.org/10.15240/tul/001/2021-4-007
dc.relation.isbasedonÇera, G., Phan, Q. P. T., Androniceanu, A., & Çera, E. (2020). Financial Capability and Technology Implications for Online Shopping. E&M Economics and Management, 23(2), 156–172. https://doi.org/10.15240/tul/001/2020-2-011
dc.relation.isbasedonÇera, G., & Tuzi, B. (2019). Does gender matter in financial literacy? A case study of young people in Tirana. Scientific Papers of the University of Pardubice, Series D, 45(1), 5–16. Retrieved from https://dk.upce.cz/handle/10195/72241
dc.relation.isbasedonChang, S.-J., van Witteloostuijn, A., & Eden, L. (2010). From the Editors: Common method variance in international business research. Journal of International Business Studies, 41(2), 178–184. https://doi.org/10.1057/jibs.2009.88
dc.relation.isbasedonChowa, G., Ansong, D., & Despard, M. R. (2014). Financial Capabilities: Multilevel Modeling of the Impact of Internal and External Capabilities of Rural Households. Social Work Research, 38(1), 19–35. https://doi.org/10.1093/swr/svu002
dc.relation.isbasedonChuan, C. S., Kok, N. K., & Chen, O. B. (2012). Financial Satisfaction and Intergenerational Resource Transfers among Urban Older Malaysians. American Journal of Scientific Research, 43, 32–45.
dc.relation.isbasedonCollins, J. M., & O’Rourke, C. (2017). Financial Capability Scale for Young Adults (FCS-Y) (Research Paper). Madison, WI: University of Wisconsin-Madison, Center for Financial Security. https://doi.org/10.5281/zenodo.57102
dc.relation.isbasedonDanes, S. M., & Haberman, H. R. (2007). Teen Financial Knowledge, Self-Efficacy, and Behavior: A Gendered View. Financial Counseling and Planning, 18(2), 48–99.
dc.relation.isbasedonde Meza, D., Irlenbusch, B., & Reyniers, D. (2008). Financial Capability: A Behavioural Economics Perspective (Consumer Research 69). London: School of Economics.
dc.relation.isbasedonDolan, P., Elliott, A., Metcalfe, R., & Vlaev, I. (2012). Influencing Financial Behavior: From Changing Minds to Changing Contexts. Journal of Behavioral Finance, 13(2), 126–142. https://doi.org/10.1080/15427560.2012.680995
dc.relation.isbasedonEC. (2018). Country Report Spain 2018 Including an In-Depth Review on the prevention and correction of macroeconomic imbalances (Issue 1176).
dc.relation.isbasedonEllison, A., Williams, S., & Whyley, C. (2014). The Payments Council: The electronic payment needs of people on low incomes (Final Report). London: Toynbee Hall. Retrieved from https://financialhealthexchange.org.uk/wp-content/uploads/2015/11/Low_Income_Consumers_and_Electronic_Payments_Final_Report.pdf
dc.relation.isbasedonFalahati, L., Sabri, M. F., & Paim, L. H. J. (2012). Assessment a model of financial satisfaction predictors: Examining the mediate effect of financial behaviour and financial strain. World Applied Sciences Journal, 20(2), 190–197. https://doi.org/10.5829/idosi.wasj.2012.20.02.1832
dc.relation.isbasedonFeng, X., Lu, B., Song, X., & Ma, S. (2019). Financial literacy and household finances: A Bayesian two-part latent variable modeling approach. Journal of Empirical Finance, 51, 119–137. https://doi.org/10.1016/j.jempfin.2019.02.002
dc.relation.isbasedonFINRA. (2012). National Financial Capability Study Military Survey. Washington, DC: Financial Industry Regulatory Authority Investor Education Foundation. Retrieved from https://www.usfinancialcapability.org/
dc.relation.isbasedonFrench, D., & McKillop, D. (2016). Financial literacy and over-indebtedness in low-income households. International Review of Financial Analysis, 48, 1–11. https://doi.org/10.1016/j.irfa.2016.08.004
dc.relation.isbasedonFrench, D., McKillop, D., & Stewart, E. (2020). The effectiveness of smartphone apps in improving financial capability. The European Journal of Finance, 26(4–5), 302–318. https://doi.org/10.1080/1351847X.2019.1639526
dc.relation.isbasedonFriedline, T., & West, S. (2016). Financial Education is not Enough: Millennials May Need Financial Capability to Demonstrate Healthier Financial Behaviors. Journal of Family and Economic Issues, 37(4), 649–671. https://doi.org/10.1007/s10834-015-9475-y
dc.relation.isbasedonGeorgarakos, D., & Inderst, R. (2011). Financial advice and Stock Market participation (ECB Working Paper No. 1296). Franfurt am Mein: European Central Bank.
dc.relation.isbasedonGrable, J. E., Archuleta, K. L., & Nazarinia, R. R. (2011). Financial Planning and Counseling Scales. New York, NY: Springer. https://doi.org/10.1007/978-1-4419-6908-8
dc.relation.isbasedonHair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2010). Multivariate Data Analysis (7th ed.). London: Prentice Hall.
dc.relation.isbasedonHansen, T. (2011). Subjective Well-Being in the Second Half of Life: The Influence of Family and Household Resources (Doctoral dissertation). https://doi.org/10.13140/2.1.1532.6082
dc.relation.isbasedonHira, T. K., & Mugenda, O. M. (1998). Predictors of financial satisfaction: Differences between retirees and non-retirees. Journal of Financial Counseling and Planning, 9(2), 75–84.
dc.relation.isbasedonHuston, S. J. (2010). Measuring Financial Literacy. Journal of Consumer Affairs, 44(2), 296–316. https://doi.org/10.1111/j.1745-6606.2010.01170.x
dc.relation.isbasedonJimeno, J. F., & Santos, T. (2014). The crisis of the spanish economy. SERIEs, 5(2), 125–141. https://doi.org/10.1007/s13209-014-0116-8
dc.relation.isbasedonJohnson, E., & Sherraden, M. S. (2007). From Financial Literacy to Financial Capability Among Youth. The Journal of Sociology & Social Welfare, 34(3), 119–147.
dc.relation.isbasedonJoo, S., & Grable, J. (2004). An Exploratory Framework of the Determinants of Financial Satisfaction. Journal of Family and Economic Issues, 25(1), 25–50.
dc.relation.isbasedonKempson, E., Collard, S., & Moore, N. (2005). Measuring financial capability: An exploratory study (Consumer Research 37). Bristol: University of Bristol, Personal Finance Research Centre.
dc.relation.isbasedonKempson, E., Perotti, V., & Scott, K. (2013). Measuring Financial Capability: A New Instrument and Results from Low- and Middle-Income Countries (Working Paper). Washington, DC: World Bank.
dc.relation.isbasedonKhan, K. A., Akhtar, M. A., Dey, S. K., & Ibrahim, R. (2020). Financial Anxiety, Financial advice, and E-payment use: Relationship and perceived differences between males & females of Generation Z. Journal of Critical Reviews, 7(18), 1812–1820. https://doi.org/10.31838/jcr.07.18.228
dc.relation.isbasedonKim, K. T., Pak, T.-Y., Shin, S. H., & Hanna, S. D. (2018). The relationship between financial planner use and holding a retirement saving goal: A propensity score matching analysis. Financial Planning Review, 1(1–2), e1008. https://doi.org/10.1002/cfp2.1008
dc.relation.isbasedonKlapper, L., Lusardi, A., & van Oudheusden, P. (2014). Financial Literacy Around the World: Insight from the Standards & Poor’s Ratings Services Global Financial Literacy Survey (Finlit Survey, Vol. 10, Issue 04).
dc.relation.isbasedonLee, J. M., Park, N., & Heo, W. (2019). Importance of Subjective Financial Knowledge and Perceived Credit Score in Payday Loan Use. International Journal of Financial Studies, 7(3), 53. https://doi.org/10.3390/ijfs7030053
dc.relation.isbasedonLin, J., Bumcrot, C., Ulicny, T., Lusardi, A., Mottola, G., Kieffer, C., & Walsh, G. (2016). Financial Capability in the United States 2016 (Issue July). Washington, DC: FINRA.
dc.relation.isbasedonLiu, F., Yilmazer, T., Loibl, C., & Montalto, C. (2019). Professional financial advice, self-control and saving behavior. International Journal of Consumer Studies, 43(1), 23–34. https://doi.org/10.1111/ijcs.12480
dc.relation.isbasedonLivingston, E., Bucher, K., & Rekito, A. (2020). Coronavirus Disease 2019 and Influenza 2019-2020. JAMA, 323(12), 1122. https://doi.org/10.1001/jama.2020.2633
dc.relation.isbasedonLotto, J. (2020). Towards Improving Households’ Investment Choices in Tanzania: Does Financial Literacy Really Matter? International Journal of Financial Studies, 8(2), 29. https://doi.org/10.3390/ijfs8020029
dc.relation.isbasedonLuo, Y., & Zeng, L. (2020). Digital financial capabilities and household entrepreneurship. Economic and Political Studies, 8(2), 165–202. https://doi.org/10.1080/20954816.2020.1736373
dc.relation.isbasedonLusardi, A. (2008). Household saving behavior: the role financial literacy, information and financial education programs (NBER Working Paper No. 13824). Cambridge, MA: National Bureau of Economic Research. https://doi.org/10.3386/w13824
dc.relation.isbasedonLusardi, A. (2011). Americans’ Financial Capability (NBER Working Paper No. 17103). Cambridge, MA: National Bureau of Economic Research.
dc.relation.isbasedonLusardi, A., & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5–44. https://doi.org/10.1257/jel.52.1.5
dc.relation.isbasedonLuukkanen, L., & Uusitalo, O. (2019). Toward Financial Capability – Empowering the Young. Journal of Consumer Affairs, 53(2), 263–295. https://doi.org/10.1111/joca.12186
dc.relation.isbasedonLyubomirsky, S., King, L., & Diener, E. (2005). The benefits of frequent positive affect: Does happiness lead to success? Psychological Bulletin, 131(6), 803–855. https://doi.org/10.1037/0033-2909.131.6.803
dc.relation.isbasedonMoreland, K. A. (2018). Seeking Financial Advice and Other Desirable Financial Behaviors. Journal of Financial Counseling and Planning, 29(2), 198–206. https://doi.org/10.1891/1052-3073.29.2.198
dc.relation.isbasedonMorrow-Howell, N., & Sherraden, M. S. (2015). Financial Capability and Asset Holding in Later Life A Life Course Perspective. Oxford University Press.
dc.relation.isbasedonMouna, A., & Anis, J. (2015). The factors forming investor’s failure: Is financial literacy a matter? Viewing test by cognitive mapping technique. Cogent Economics & Finance, 3(1), 01–17. https://doi.org/10.1080/23322039.2015.1057923
dc.relation.isbasedonMudzingiri, C., Muteba Mwamba, J. W., & Keyser, J. N. (2018). Financial behavior, confidence, risk preferences and financial literacy of university students. Cogent Economics and Finance, 6(1), 1–25. https://doi.org/10.1080/23322039.2018.1512366
dc.relation.isbasedonNam, Y., Sherraden, M. S., Huang, J., Lee, E. J., & Keovisai, M. (2019). Financial Capability and Economic Security among Low-Income Older Asian Immigrants: Lessons from Qualitative Interviews. Social Work, 64(3), 224–232. https://doi.org/10.1093/sw/swz015
dc.relation.isbasedonNaqvi, M. H. A., Jiang, Y., Miao, M., & Naqvi, M. H. (2020). Linking biopsychosocial indicators with financial risk tolerance and satisfaction through macroeconomic literacy: A structural equation modeling approach. Cogent Economics & Finance, 8(1), 1–19. https://doi.org/10.1080/23322039.2020.1730079
dc.relation.isbasedonNguyen, T. A. N., & Rozsa, Z. (2019). Financial Literacy and Financial Advice Seeking for Retirement Investment Choice. Journal of Competitiveness, 11(1), 70–83. https://doi.org/10.7441/joc.2019.01.05
dc.relation.isbasedonNicolini, G., & Haupt, M. (2019). The Assessment of Financial Literacy: New Evidence from Europe. International Journal of Financial Studies, 7(3), 54. https://doi.org/10.3390/ijfs7030054
dc.relation.isbasedonOECD. (2013). Financial Literacy and Inclusion. In Financial Literacy & Education (Issue June). Paris: Organisation for Economic Co-operation and Development. https://doi.org/10.1787/9789264254855-en
dc.relation.isbasedonPallant, J. (2016). SPSS Survival Manual: A step by step guide to data analysis using IBM SPSS (6th ed.). New York, NY: McGraw-Hill Education.
dc.relation.isbasedonPodsakoff, P. M., MacKenzie, S. B., Lee, J.-Y., & Podsakoff, N. P. (2003). Common method biases in behavioral research: A critical review of the literature and recommended remedies. Journal of Applied Psychology, 88(5), 879–903. https://doi.org/10.1037/0021-9010.88.5.879
dc.relation.isbasedonPotocki, T., & Cierpiał-Wolan, M. (2019). Factors shaping the financial capability of low-income consumers from rural regions of Poland. International Journal of Consumer Studies, 43(2), 187–198. https://doi.org/10.1111/ijcs.12498
dc.relation.isbasedonPotrich, A. C. G., Vieira, K. M., & Kirch, G. (2015). Determinants of Financial Literacy: Analysis of the Influence of Socioeconomic and Demographic Variables. Revista Contabilidade & Finanças, 26(69), 362–377. https://doi.org/10.1590/1808-057x201501040
dc.relation.isbasedonPotrich, A. C. G., Vieira, K. M., & Mendes-Da-Silva, W. (2016). Development of a financial literacy model for university students. Management Research Review, 39(3), 356–376. https://doi.org/10.1108/MRR-06-2014-0143
dc.relation.isbasedonRai, K., Dua, S., & Yadav, M. (2019). Association of Financial Attitude, Financial Behaviour and Financial Knowledge Towards Financial Literacy: A Structural Equation Modeling Approach. FIIB Business Review, 8(1), 51–60. https://doi.org/10.1177/2319714519826651
dc.relation.isbasedonRobb, C. A., & Woodyard, A. S. (2011). Financial Knowledge and Best Practice Behavior. Journal of Financial Counseling and Planning, 22(1), 60–70.
dc.relation.isbasedonRothwell, D. W., Khan, M. N., & Cherney, K. (2016). Building Financial Knowledge Is Not Enough: Financial Self-Efficacy as a Mediator in the Financial Capability of Low-Income Families. Journal of Community Practice, 24(4), 368–388. https://doi.org/10.1080/10705422.2016.1233162
dc.relation.isbasedonSen, A. (1993). Capability and Well-Being. In M. Nussbaum, & A. Sen (Eds.), The Quality of Life (pp. 30–53). Oxford University Press.
dc.relation.isbasedonSerido, J., Shim, S., & Tang, C. (2013). A developmental model of financial capability: A framework for promoting a successful transition to adulthood. International Journal of Behavioral Development, 37(4), 287–297. https://doi.org/10.1177/0165025413479476
dc.relation.isbasedonSherraden, M. (2013). Building Blocks of Financial Capability. In J. Birkenmaier, M. Sherraden, & J. Curley (Eds.), Financial Capability and Asset Development: Research, Education, Policy, and Practice. Oxford University Press.
dc.relation.isbasedonSherraden, M. S., & Ansong, D. (2016). F nancial Literacy to Financial Capability: Building Financial Stability and Security. In C. Aprea, E. Wuttke, K. Breuer, N. K. Koh, P. Davies, B. Greimel-Fuhrmann, & J. S. Lopus (Eds.), International Handbook of Financial Literacy (pp. 83–96). Singapore: Springer. https://doi.org/10.1007/978-981-10-0360-8
dc.relation.isbasedonSherraden, M. S., Huang, J., Jacobson Frey, J., Birkenmaier, J., Callahan, C., Clancy, M. M., & Sherraden, M. (2015). Financial Capability and Asset Building for All (Working Paper No. 13). St. Louis, MO: American Academy of Social Work and Social Welfare.
dc.relation.isbasedonShih, T. Y., & Ke, S. C. (2014). Determinates of financial behavior: Insights into consumer money attitudes and financial literacy. Service Business, 8(2), 217–238. https://doi.org/10.1007/s11628-013-0194-x
dc.relation.isbasedonShim, S., Serido, J., Bosch, L., & Tang, C. (2013). Financial identity-processing styles among young adults: A longitudinal study of socialization factors and consequences for financial capabilities. Journal of Consumer Affairs, 47(1), 128–152. https://doi.org/10.1111/joca.12002
dc.relation.isbasedonShkvarchuk, L., & Slav’yuk, R. (2019). The Financial Behavior of Households in Ukraine. Journal of Competitiveness, 11(3), 144–159. https://doi.org/10.7441/joc.2019.03.09
dc.relation.isbasedonStolper, O., & Walter, A. (2017). Financial literacy, financial advice, and financial behavior. Journal of Business Economics, 87(5), 581–643. https://doi.org/10.1007/s11573-017-0853-9
dc.relation.isbasedonTaylor, M. (2011). Measuring Financial Capability and its Determinants Using Survey Data. Social Indicators Research, 102(2), 297–314. https://doi.org/10.1007/s11205-010-9681-9
dc.relation.isbasedonTraut-Mattausch, E., & Jonas, E. (2011). Why do people save? The influence of financial satisfaction and income on saving. Zeitschrift Fur Psychologie/Journal of Psychology, 219(4), 246–252. https://doi.org/10.1027/2151-2604/a000079
dc.relation.isbasedonVieira, K. M., Potrich, A. C. G., & Mendes-Da-Silva, W. (2019). A Financial Literacy Model for University Students. In W. Mendes-Da-Silva (Ed.), Individual Behaviors and Technologies for Financial Innovations (pp. 69–95). Cham: Springer International Publishing. https://doi.org/10.1007/978-3-319-91911-9
dc.relation.isbasedonVlaev, I., & Elliott, A. (2017). Defining and Influencing Financial Capability. In R. Ranyard (Ed.), Economic Psychology (pp. 187–205). New York, NY: John Wiley & Sons. https://doi.org/10.1002/9781118926352.ch12
dc.relation.isbasedonvon Gaudecker, H. M. (2015). How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice? Journal of Finance, 70(2), 489–507. https://doi.org/10.1111/jofi.12231
dc.relation.isbasedonvon Stumm, S., Fenton O’Creevy, M., & Furnham, A. (2013). Financial capability, money attitudes and socioeconomic status: Risks for experiencing adverse financial events. Personality and Individual Differences, 54(3), 344–349. https://doi.org/10.1016/j.paid.2012.09.019
dc.relation.isbasedonVyvyan, V., Blue, L., & Brimble, M. (2014). Factors that Influence Financial Capability and Effectiveness: Exploring Financial Counsellors’ Perspectives. Australasian Accounting, Business and Finance Journal, 8(4), 3–22. https://doi.org/10.14453/aabfj.v8i4.2
dc.relation.isbasedonWoodyard, A., & Robb, C. (2012). Financial Knowledge and the Gender Gap. Journal of Financial Therapy, 3(1), 1–16. https://doi.org/10.4148/jft.v3i1.1453
dc.relation.isbasedonXiao, J. J., Chen, C., & Chen, F. (2014). Consumer financial capability and financial satisfaction. Social Indicators Research, 118(1), 415–432. https://doi.org/10.1007/s11205-013-0414-8
dc.relation.isbasedonXiao, J. J., Chen, C., & Sun, L. (2015). Age differences in consumer financial capability. International Journal of Consumer Studies, 39(4), 387–395. https://doi.org/10.1111/ijcs.12205
dc.relation.isbasedonXiao, J. J., & O’Neill, B. (2016). Consumer financial education and financial capability. International Journal of Consumer Studies, 40(6), 712–721. https://doi.org/10.1111/ijcs.12285
dc.relation.isbasedonXiao, J. J., & O’Neill, B. (2018). Propensity to plan, financial capability, and financial satisfaction. International Journal of Consumer Studies, 42(5), 501–512. https://doi.org/10.1111/ijcs.12461
dc.relation.isbasedonXiao, J. J., & Porto, N. (2017). Financial education and financial satisfaction: Financial literacy, behavior, and capability as mediators. International Journal of Bank Marketing, 35(5), 805–817. https://doi.org/10.1108/IJBM-01-2016-0009
dc.relation.isbasedonZimmerman, S. L. (1995). Understanding Family Policy: Theories & Applications. Thousand Oaks, CA: Sage Publications. https://doi.org/10.4135/9781452243658
dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectfinancial capabilityen
dc.subjectfinancial literacyen
dc.subjectfinancial adviceen
dc.subjectfinancial satisfactionen
dc.subjectSpainen
dc.subject.classificationG41
dc.subject.classificationG53
dc.titleFINANCIAL CAPABILITY AS A FUNCTION OF FINANCIAL LITERACY, FINANCIAL ADVICE, AND FINANCIAL SATISFACTIONen
dc.typeArticleen
local.accessopen
local.citation.epage160
local.citation.spage143
local.facultyFaculty of Economics
local.filenameEM_1_2022_9
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue1
local.relation.volume25
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
EM_1_2022_09.pdf
Size:
581.64 KB
Format:
Adobe Portable Document Format
Description:
článek
Download
Collections
Číslo 1