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Similarities and Differences between Households’ and SME’s Financial Knowledge and Behaviour: A Greek Survey

Author

Listed:
  • Marinos Stefanitsis

    (University of Piraeus, 80, Karaoli & Dimitriou Street, 185 34 Piraeus, Greece.)

  • Irene Fafaliou

    (University of Piraeus, Department of Economics, 80, Karaoli & Dimitriou Street, 185 34 Piraeus, Greece.)

  • Joseph Hassid

    (University of Piraeus, Department of Economics, 80, Karaoli & Dimitriou Street, 185 34 Piraeus, Greece.)

Abstract

In this paper, we examine the financial literacy, thus the financial behaviour of 352 Greek households. In turn, we compare our findings with results from a similar survey we conducted on an equivalent sample of small and medium-sized enterprises (SMEs). Our aim was to realise if there is any link between financial knowledge and behaviour in each surveyed micro-system and, further,indicate similarities and differences between them. Ét is argued that the sample of households make better use of financial knowledge than the surveyed SMEs. Further, even in cases where financial knowledge was of high performance, both groups did not perform accordingly in terms of their financial behaviour. Such results indicate the complexity of the relationship between knowledge and behaviour.

Suggested Citation

  • Marinos Stefanitsis & Irene Fafaliou & Joseph Hassid, 2013. "Similarities and Differences between Households’ and SME’s Financial Knowledge and Behaviour: A Greek Survey," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 63(1-2), pages 7-30, June.
    • Handle: RePEc:spd:journl:v:63:y:2013:i:1-2:p:7-30
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    References listed on IDEAS

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    More about this item

    Keywords

    Households; Small and medium-sized enterprises; Financial knowledge; Financial behaviour; Greece.;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • D10 - Microeconomics - - Household Behavior - - - General
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

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