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Examining financial literacy and the financial aspects of Hofstede's four-factor culture model in Hungary

Author

Listed:
  • Szilárd Heged?s

    (Budapest Business School, Hungary)

  • Csaba Lentner

    (University of Public Service, Hungary)

Abstract

Este artículo examina la cultura financiera y el uso de los conocimientos financieros de la población húngara basándose en la teoría de la dimensión cultural de cuatro factores de Hofstede. Se investigaron tres cuestiones de investigación (la aplicación financiera del modelo cultural de Hofstede, su comprobación entre la población húngara y el examen de la relación entre los conocimientos financieros y su aplicación) utilizando un método de investigación cuantitativa basado en cuestionarios sobre una muestra representativa. Para responder a las preguntas de la investigación, se agruparon las variables mediante un análisis de componentes principales, se realizó un análisis de conglomerados para tipificar a la población y se llevó a cabo un análisis de correlación para los conocimientos financieros y la aplicación. Basándonos en el estudio, recomendamos que la educación financiera es importante. Una limitación del estudio es que no es representativo en términos de nivel educativo, pero es adecuado para describir las características financieras de la población húngara. El estudio reveló que la población húngara puede caracterizarse aplicando el modelo cultural de las finanzas de Hofstede. Una parte significativa de la población tiene opiniones colectivistas. También es importante señalar que la autoconfianza financiera y la orientación al éxito no están relacionadas con los conocimientos financieros y su aplicación con éxito.

Suggested Citation

  • Szilárd Heged?s & Csaba Lentner, 2024. "Examining financial literacy and the financial aspects of Hofstede's four-factor culture model in Hungary," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 19(1), pages 1-20, Enero - M.
    • Handle: RePEc:imx:journl:v:19:y:2024:i:1:p:7
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    File URL: https://www.remef.org.mx/index.php/remef/article/view/963
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    References listed on IDEAS

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    More about this item

    Keywords

    análisis multivariante; cultura financiera; conocimientos; aplicación;
    All these keywords.

    JEL classification:

    • G50 - Financial Economics - - Household Finance - - - General
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • G52 - Financial Economics - - Household Finance - - - Insurance
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy
    • G59 - Financial Economics - - Household Finance - - - Other
    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics

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