IDEAS home Printed from https://ideas.repec.org/a/ids/ijicbm/v28y2023i1p124-143.html
   My bibliography  Save this article

Financial knowledge, attitude and behaviour components of financial literacy: a study of Indian higher education students

Author

Listed:
  • Vibhuti Shivam Dube
  • Pradeep Kumar Asthana

Abstract

The present study seeks to determine the financial literacy level of Indian higher education students on the components of financial knowledge, attitude and behaviour. The paper also makes an attempt to study the interdependencies in financial literacy component: financial knowledge, attitude and behaviour and to assess the impact of financial awareness on financial literacy. This study considers primary source of data. A total sample of 600 Indian higher education students from different governmental and private institutions of Kanpur, Prayagraj and Aligarh was chosen to determine the financial literacy level. The findings of the study showed that more than half of the students were found to be low financial literate. There is a strong interrelationship found between the financial literacy components: financial knowledge, attitude and behaviour. In the linear regression analysis significant relationship found between the independent variable financial awareness and dependent variable financial literacy. The empirical findings of the study helps to explain how the financial literacy components: financial knowledge, attitude and behaviour influence the financial literacy level among the Indian higher education students. The result clearly showed that there is a need of serious policy measures to be taken in the field of financial literacy/education.

Suggested Citation

  • Vibhuti Shivam Dube & Pradeep Kumar Asthana, 2023. "Financial knowledge, attitude and behaviour components of financial literacy: a study of Indian higher education students," International Journal of Indian Culture and Business Management, Inderscience Enterprises Ltd, vol. 28(1), pages 124-143.
    • Handle: RePEc:ids:ijicbm:v:28:y:2023:i:1:p:124-143
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=128488
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijicbm:v:28:y:2023:i:1:p:124-143. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=235 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.