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Qualitatively Pre-Testing a Tailored Financial Literacy Measurement Instrument for Professional Athletes

Author

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  • Jaco Moolman

    (Department of Management Accounting, University of South Africa, Pretoria 0002, South Africa)

  • Christina Cornelia Shuttleworth

    (Department of Management Accounting, University of South Africa, Pretoria 0002, South Africa)

Abstract

The aim of this study was to qualitatively pre-test a research instrument to assess the financial literacy skills of professional athletes who compete in a team sport environment. Questions were developed based on a review of the current literature and an analysis of qualitative data from twelve structured expert interviews, selected using actor–network theory and purposive sampling. The findings showed how qualitative data can be considered and enumerated to guide the development of 28 validated questions to assess financial literacy within a specific group. This study helps to fill a gap in the literature since there is a paucity of qualitatively mediated research that focuses on specific target groups in the field of financial literacy. This research instrument could be of value to professional athletes, sports club management, players’ associations, educators, researchers, sports agents, and advisors by providing them with a greater understanding of their clients’ financial literacy skills and financial needs.

Suggested Citation

  • Jaco Moolman & Christina Cornelia Shuttleworth, 2025. "Qualitatively Pre-Testing a Tailored Financial Literacy Measurement Instrument for Professional Athletes," JRFM, MDPI, vol. 18(6), pages 1-26, June.
    • Handle: RePEc:gam:jjrfmx:v:18:y:2025:i:6:p:317-:d:1675410
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    References listed on IDEAS

    as
    1. Tim Kaiser & Lukas Menkhoff, 2017. "Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?," The World Bank Economic Review, World Bank, vol. 31(3), pages 611-630.
    2. Kyle Carlson & Joshua Kim & Annamaria Lusardi & Colin F. Camerer, 2015. "Bankruptcy Rates among NFL Players with Short-Lived Income Spikes," American Economic Review, American Economic Association, vol. 105(5), pages 381-384, May.
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