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Mediation effect of financial attitude on financial knowledge and financial behavior: The case of university students

Author

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  • Ali Coskun

    (Department of Management, Faculty of Economics and Administrative Sciences, Bogazici University, Istanbul)

  • Nurdilek Dalziel

    (Leicester Castle Business School, Business and Law, De Montfort University, Leicester, UK)

Abstract

In this study, 396 university students in Turkey are surveyed online regarding their attitudes towards financial issues, their level of financial knowledge, and their financial behavior. The latest version of OECD/INFE Financial Literacy Survey (2018) is used in the study. Using SPSS and LISREL. Factor analysis, Cronbach's Alpha, and Structural Equation Modeling (SEM) are used to analyze the relationship between financial knowledge of the participants with their financial attitude and behavior as well as the mediation effect of financial attitude in this relationship. In line with the common wisdom that the relationship between knowledge and behavior is higher if knowledge is better reflected in the attitude of the individual, the mediation effect of financial attitude strengthens the financial knowledge and financial behavior relationship. Key Words:Financial Knowledge, Financial Behavior, Financial Attitude, Structural Equation Modeling

Suggested Citation

  • Ali Coskun & Nurdilek Dalziel, 2020. "Mediation effect of financial attitude on financial knowledge and financial behavior: The case of university students," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(2), pages 01-08, March.
    • Handle: RePEc:rbs:ijbrss:v:9:y:2020:i:2:p:01-08
    DOI: 10.20525/ijrbs.v9i2.647
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    References listed on IDEAS

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    2. Wahdiyat Moko & Ahmad Sudiro & Irma Kurniasari, 2022. "The effect of financial knowledge, financial attitude, and personality on financial management behavior," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(9), pages 184-192, December.
    3. Noh, Mijeong, 2022. "Effect of parental financial teaching on college students’ financial attitude and behavior: The mediating role of self-esteem," Journal of Business Research, Elsevier, vol. 143(C), pages 298-304.
    4. Arnold Tóth & Tímea Juhász & Botond Kálmán, 2020. "Determinants Of Financial Habits," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 14(1), pages 237-256.

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