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Influence of skills and knowledge on the financial attitude of university students

Author

Listed:
  • Loza, Renzi

    (Facultad de Ciencias Empresariales, Universidad Privada de Tacna, Perú)

  • Romaní, Gianni

    (Centro de Emprendimiento y de la Pyme – CEMP, Facultad de Economía y Administración, Universidad Católica del Norte, Antofagasta, Chile)

  • Castañeda, Winston

    (Facultad de Ciencias Empresariales, Universidad Privada de Tacna, Perú)

  • Arias, Gerardo

    (Facultad de Ciencias Empresariales, Universidad Privada de Tacna, Perú)

Abstract

The article analyzes the influence of knowledge and skills on the financial attitude of university students. Financial knowledge, skills, and attitudes are components of what is called financial literacy. The theory of human capital emphasizes the importance of investing in human capital to enhance individuals' decision-making. The empirical analysis uses a sample of 531 university students from Tacna, Peru. The results of the proposed structural equation model corroborate that financial knowledge and skills directly and positively influence university students' financial attitude. The findings offer important implications for students and higher education institutions by highlighting the importance of incorporating courses and workshops on personal finance to acquire knowledge and improve students' financial skills and, consequently, facilitate the development of a financial attitude that allows them to make more informed financial decisions.

Suggested Citation

  • Loza, Renzi & Romaní, Gianni & Castañeda, Winston & Arias, Gerardo, 2024. "Influence of skills and knowledge on the financial attitude of university students," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 18(1), pages 65-83.
    • Handle: RePEc:ris:tecemp:2404
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    File URL: https://revistas.tec.ac.cr/index.php/tec_empresarial/article/view/7002
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    References listed on IDEAS

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    1. Minchao Jin & Zibei Chen, 2020. "Comparing Financial Socialization and Formal Financial Education: Building Financial Capability," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(2), pages 641-656, June.
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