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Improving financial capability: the mediating role of financial behaviour

Author

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  • Gentjan Çera
  • Khurram Ajaz Khan
  • Ahmad Mlouk
  • Tomáš Brabenec

Abstract

This paper investigates the collective impact of financial literacy and inclusion on individuals’ financial capability focusing on the mediating role of financial behaviour. The research is conducted on an individual-level survey. The relationships were examined by using PLS-SEM. Financial capability can be improved by increasing individuals’ financial knowledge, financial behaviour and promoting their inclusion in financial services. Furthermore, the indirect effect of financial knowledge and attitude on financial capability is found to be significant, highlighting the importance of financial behaviour. The results assist policymakers and industry leaders in understanding the most influential factors on financial capability in the context of a post-communist transition country. This enables them to design policies and services aimed at equipping citizens with knowledge and skills to make best use of their financial resources.

Suggested Citation

  • Gentjan Çera & Khurram Ajaz Khan & Ahmad Mlouk & Tomáš Brabenec, 2021. "Improving financial capability: the mediating role of financial behaviour," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 34(1), pages 1265-1282, January.
    • Handle: RePEc:taf:reroxx:v:34:y:2021:i:1:p:1265-1282
    DOI: 10.1080/1331677X.2020.1820362
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    Cited by:

    1. Sana Rashid & SMuhammad Bilal & SAbid Hussain & SManzoor Ahmad Shah, 2022. "Impact of Financial Inclusion on Financial Well-Being: Moderating Effect of Orientation towards Finance," Journal of Economic Impact, Science Impact Publishers, vol. 4(2), pages 124-133.

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