Financial Literacy Among Investors: Theory and Critical Review of Literature

International Journal of Research in Commerce, Economics & Management, Volume No. 5, Issue No. 4, 2015

13 Pages Posted: 2 Dec 2015

See all articles by CA Deepak

CA Deepak

University of Delhi - Delhi School of Economics

Pardeep Singh

Department of Commerce

Arnav Kumar

University of Delhi - Delhi School of Economics - Department of Commerce

Date Written: April 1, 2015

Abstract

Financial Literacy means knowledge of basic economic and financial concepts, as well as the ability to use that knowledge and other financial skills to manage financial resources effectively for a lifetime of financial comfort. In this paper, an attempt is made to examine the burning issue of “financial literacy among investors,” from multiple perspectives. Accordingly the existing literature on the subject has been reviewed and critically analyzed on various bases i.e., definitions developed, importance elucidated, determinants identified, demographics studied, impact of financial education and various geographical locations covered. To conclude, it can be said that the eminent area of financial literacy holds many unexplored dimensions which researchers can take up in future.

Keywords: Financial Literacy, Financial Education, Investors, Cognitive Ability

JEL Classification: D14, G02, G20

Suggested Citation

Deepak, CA and Singh, Pardeep and Kumar, Arnav, Financial Literacy Among Investors: Theory and Critical Review of Literature (April 1, 2015). International Journal of Research in Commerce, Economics & Management, Volume No. 5, Issue No. 4, 2015. Available at SSRN: https://ssrn.com/abstract=2697338

CA Deepak

University of Delhi - Delhi School of Economics ( email )

G.T. Road,
Shahdara
Delhi-110007, Delhi 110032
India

Pardeep Singh

Department of Commerce ( email )

Delhi School of Economics
University of Delhi
Delhi, New Delhi 110 007
India

Arnav Kumar (Contact Author)

University of Delhi - Delhi School of Economics - Department of Commerce ( email )

New Delhi, New Delhi 110007
India

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