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Financial knowledge and financial behaviour: The moderating role of home ownership

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  • Nave, Juan M.
  • Oliva, Laura
  • Toscano, David

Abstract

The relationship between financial knowledge and financial behaviour has been widely studied in previous literature. Numerous works conducted in different contexts have found a positive relationship between them. The objective of this paper is to test the effect of homeownership on this relationship. To this aim, we perform extended ordered probit regressions. We use data from the Survey of Financial Competences conducted by the supervisor of the Spanish securities markets and the Spanish central bank. The results show evidence that supports the hypothesis that home ownership has a moderating effect on the relationship between financial knowledge and financial behaviour.

Suggested Citation

  • Nave, Juan M. & Oliva, Laura & Toscano, David, 2023. "Financial knowledge and financial behaviour: The moderating role of home ownership," Finance Research Letters, Elsevier, vol. 57(C).
    • Handle: RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323005809
    DOI: 10.1016/j.frl.2023.104208
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    References listed on IDEAS

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    More about this item

    Keywords

    Consumer Finance; Financial behaviour; Financial knowledge; Home ownership; Household finance; Survey of Financial Competences;
    All these keywords.

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

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