Impact Of Financial Behavior And Experience On Financial Literacy: A Study Of Universities In Pakistan

Ali Raza; Turgut Tursoy; Mehdi Seraj; Erum Shaikh; Mumtaz Ali

doi:10.36923/economa.v27i1.240

Open Access Article Economics Finance

Ali Raza ⁽¹⁾, Turgut Tursoy ⁽²⁾, Mehdi Seraj ⁽³⁾, Erum Shaikh ⁽⁴⁾, Mumtaz Ali ⁽⁵⁾

(1) Department of Banking and Finance, Near East University, Lefkosa, North Cyprus, 99138, Mersin 10, Turkey, Cyprus,

(2) Department of Banking and Finance, Near East University, Lefkosa, North Cyprus, 99138, Mersin 10, Turkey,Near East University, Turkey,

(3) Department of Economics, Near East University, Lefkosa, North Cyprus, 99138, Mersin 10, Turkey,Near East University,, Turkey,

(4) Department of Business Administration, Shaheed Benazirabad Bhutto University Sanghar Campus, 68100 Sindh, Pakistan, Pakistan,

(5) Department of Banking and Finance, Near East University, Lefkosa, North Cyprus, 99138, Mersin 10, Turkey,Near East University, Turkey

https://doi.org/10.36923/economa.v27i1.240

Issue
Vol. 27 No. 1 (2024)

Submitted
January 17, 2024

Published
April 4, 2024

Keywords:

Financial Behavior, Financial Experience, Financial Literacy, University Students, Regression Analysis, Pakistan

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Abstract

The aim of this research is to investigate the impact of financial behavior and experience on the financial literacy of university students. The study employs a primary approach to data collection utilizing questionnaires. The targeted population consists of students from various universities in Pakistan, with a sample size of 250 students chosen through random sampling. Regression analysis reveals a positive and statistically significant relationship between financial behavior, financial experience, and financial literacy (p > 0.05). The conclusion drawn from the analysis suggests that enhancing financial behavior and providing practical financial experience can positively influence the financial literacy of university students. These findings have implications for educational institutions and policymakers, highlighting the importance of integrating financial education into university curricula to equip students with essential financial skills for navigating the complexities of modern financial systems.

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Authors

Ali Raza

Department of Banking and Finance, Near East University, Lefkosa, North Cyprus, 99138, Mersin 10, Turkey

https://orcid.org/0000-0002-6404-5748

aliraza66688@yahoo.com (Primary Contact)

Turgut Tursoy

Department of Banking and Finance, Near East University, Lefkosa, North Cyprus, 99138, Mersin 10, Turkey,Near East University

https://orcid.org/0000-0002-6404-5748

Mehdi Seraj

Department of Economics, Near East University, Lefkosa, North Cyprus, 99138, Mersin 10, Turkey,Near East University,

https://orcid.org/0000-0002-4746-6970

Erum Shaikh

Department of Business Administration, Shaheed Benazirabad Bhutto University Sanghar Campus, 68100 Sindh, Pakistan

https://orcid.org/0000-0002-3198-2786

Mumtaz Ali

Department of Banking and Finance, Near East University, Lefkosa, North Cyprus, 99138, Mersin 10, Turkey,Near East University

https://orcid.org/0000-0001-5843-1688

Raza, A., Tursoy , T., Seraj, M., Shaikh, E., & Ali, M. (2024). Impact Of Financial Behavior And Experience On Financial Literacy: A Study Of Universities In Pakistan. Innovation Economics Frontiers, 27(1), 27–37. https://doi.org/10.36923/economa.v27i1.240

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