Gender Effect on Financial Literacy of University Academics
Arthasad L A I and RajapakseR P CR (2018) Gender Effect of Financial Literacy of University Academics EPRA Journal of Multidisciplinary Studies. vol4, Issue 6pp81-90
Posted: 22 Nov 2019
Date Written: June 26, 2018
This research analyzed Financial Literacy among University lecturers and the influence of demographic factors on financial literacy. A sample of 132 academics were selected from largest university in the national university system in Sri Lanka to collect data using a structured questionnaire, consisting of 44 questions. Main objective of the study was to measure the level of basic financial literacy of university lecturers. The study found that the, overall financial literacy of the academics (68.52%) is at a medium level. The knowledge aspect, was 75.9% is at a medium level, the attitudes aspect, was 69.7% is also at a medium level. The level of desirable financial behavior of the academics is at a low level of 59.96%.An important observation is that, although, knowledge and attitudes aspects are at a medium level, behavior aspect is at a low level. The study observes that finance related knowledge, attitudes and behaviors is influenced by gender of the university academic.
Keywords: Financial Literacy, Financial Behavior, Attitudes, Demographic factors
JEL Classification: B40, C93, D10,D91, E70
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