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Impact of Family’s Socio-Economic Context on Financial Literacy of Young Entrepreneurs

Author

Listed:
  • Wirawan Endro Dwi RADIANTO

    (Universitas Ciputra Surabaya, Indonesia)

  • Tommy Christian EFRATA

    (Universitas Ciputra Surabaya, Indonesia)

  • Liliana DEWI

    (Universitas Ciputra Surabaya, Indonesia)

Abstract

This study aims to analyze parents’ socio-economic relationships which include parental education, parental occupation, and parental income towards financial literacy. This study uses a sample of young entrepreneurs, students who are active in college and they also run a business. The results showed that the level of financial literacy of young entrepreneurs was at a moderate level. Furthermore, parental education and income have a relationship with financial literacy, whereas parental work does not influence financial literacy.

Suggested Citation

  • Wirawan Endro Dwi RADIANTO & Tommy Christian EFRATA & Liliana DEWI, 2019. "Impact of Family’s Socio-Economic Context on Financial Literacy of Young Entrepreneurs," Expert Journal of Business and Management, Sprint Investify, vol. 7(2), pages 230-235.
    • Handle: RePEc:exp:bsness:v:7:y:2019:i:2:p:230-235
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    References listed on IDEAS

    as
    1. Annamaria Lusardi, 2012. "Numeracy, financial literacy, and financial decision-making," NBER Working Papers 17821, National Bureau of Economic Research, Inc.
    2. Hanson, Thomas A. & Olson, Peter M., 2018. "Financial literacy and family communication patterns," Journal of Behavioral and Experimental Finance, Elsevier, vol. 19(C), pages 64-71.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. NDOU, Adam, 2023. "Parental Financial Socialisation And Socioeconomic Status," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 27(1), pages 39-58, March.

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    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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