IDEAS home Printed from https://ideas.repec.org/a/hur/ijaraf/v3y2013i3p111-117.html
   My bibliography  Save this article

The Study of University Professors' Financial Literacy

Author

Listed:
  • Shahnaz Nayebzadeh

    (Islamic Azad University)

  • Marzieh Kalantari Taft

    (Islamic Azad University)

  • Mohammad Mir Mohammadi Sadrabadi

    (Islamic Azad University)

Abstract

Industrial revolution, economic crises, and facilitation and expansion of global communication have increased the volume of transactions and management complexity. This complexity has led to a situation that people are not able to simply make good financial decisions in their business and personal life. With the financial and economic activities becoming more difficult, countries have concluded that whole the public essentially need to be trained about financial issues. The study of financial literacy of population has become a matter of interest to some researchers; therefore, some studies have been done in this area. In this respect, the current study attempts to investigate financial literacy of university professors. For this purpose, a questionnaire was designed; then, using random sampling, they were distributed among selected individuals. The data was collected using statistical analyses such as correlation, independent samples T-test and ANOVA. The results showed that university professors lack essential financial information for handling their daily financial issues. There was a relationship between financial literacy and marital status characteristics, and finally there was not significant relationship between variables such as age, education and employment status with financial literacy.

Suggested Citation

  • Shahnaz Nayebzadeh & Marzieh Kalantari Taft & Mohammad Mir Mohammadi Sadrabadi, 2013. "The Study of University Professors' Financial Literacy," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(3), pages 111-117, July.
    • Handle: RePEc:hur:ijaraf:v:3:y:2013:i:3:p:111-117
    as

    Download full text from publisher

    File URL: http://hrmars.com/hrmars_papers/Article_13_The_Study_of_University_Professors1.pdf
    Download Restriction: no
    File URL: http://hrmars.com/hrmars_papers/Article_13_The_Study_of_University_Professors1.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Annamarie Lusardi & Olivia S. Mitchell, 2005. "Financial Literacy and Planning: Implications for Retirement Wellbeing," Working Papers wp108, University of Michigan, Michigan Retirement Research Center.
    2. Chen, Haiyang & Volpe, Ronald P., 1998. "An Analysis of Personal Financial Literacy Among College Students," Financial Services Review, Elsevier, vol. 7(2), pages 107-128.
    3. Hussein A. Hassan Al-Tamimi & Al Anood Bin Kalli, 2009. "Financial literacy and investment decisions of UAE investors," Journal of Risk Finance, Emerald Group Publishing, vol. 10(5), pages 500-516, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Inemesit N. Ebito, Ph.D & Victor A. Umoh, Ph.D & Stella I. Ufot, Ph.D, 2020. "Retirement Planning and Post Retirement Entrepreneurship in Nigeria: Investigating the Moderating Influence of Emotional Intelligence Development," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(11), pages 105-110, November.
    2. Mehrafshan, Nima & Goerke, Björn & Clement, Michel, 2016. "The Effect of Unexpected Chart Positions on the Firm Value of Music Labels. An Event Study of Album Success," EconStor Preprints 142161, ZBW - Leibniz Information Centre for Economics.
    3. Claudia Isac & Codruţa Dura, 2013. "The Place of Entreprise Economy within Economic Sciences," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(2), pages 281-288.
    4. Nijhum, Farzana & Westbrook, Cherie & Noble, Bram & Belcher, Ken & Lloyd-Smith, Patrick, 2021. "Evaluation of alternative land-use scenarios using an ecosystem services-based strategic environmental assessment approach," Land Use Policy, Elsevier, vol. 108(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lim, Thien Sang & Mail, Rasid & Abd Karim, Mohd Rahimie & Ahmad Baharul Ulum, Zatul Karamah & Jaidi, Junainah & Noordin, Raman, 2018. "A serial mediation model of financial knowledge on the intention to invest: The central role of risk perception and attitude," Journal of Behavioral and Experimental Finance, Elsevier, vol. 20(C), pages 74-79.
    2. Gangwar, Rachna & Singh, Ritvik, 2018. "Analyzing Factors Affecting Financial Literacy and its Impact on Investment Behavior among Adults in India," MPRA Paper 89452, University Library of Munich, Germany.
    3. C. Andrew Lafond & Bruce Leauby, 2014. "Integrating Financial Literacy Concepts into the Introductory Financial Accounting Course," International Journal of Business and Social Research, LAR Center Press, vol. 4(5), pages 12-24, May.
    4. Douissa, Ismail Ben, 2020. "Factors affecting College students’ multidimensional financial literacy in the Middle East," International Review of Economics Education, Elsevier, vol. 35(C).
    5. Puneet Bhushan & Yajulu Medury, 2014. "An Empirical Analysis of Inter Linkages between Financial Attitudes, Financial Behaviour and Financial Knowledge of Salaried Individuals," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 5(3), pages 58-64, September.
    6. Arceo-Gómez, Eva O. & Villagómez, F. Alejandro, 2017. "Financial literacy among Mexican high school teenagers," International Review of Economics Education, Elsevier, vol. 24(C), pages 1-17.
    7. Paraboni, Ana Luiza & da Costa, Newton, 2021. "Improving the level of financial literacy and the influence of the cognitive ability in this process," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 90(C).
    8. Emmanuel K Oseifuah, 2014. "Analysis of the Level of Financial Literacy among South African Undergraduate Students," Journal of Economics and Behavioral Studies, AMH International, vol. 6(3), pages 242-250.
    9. Shubhra Biswas & Arindam Gupta, 2021. "Impact of Financial Literacy on Household Decision-Making: A Study in the State of West Bengal in India," International Journal of Economics and Financial Issues, Econjournals, vol. 11(5), pages 104-113.
    10. Josephat Lotto, 2020. "Towards Improving Households’ Investment Choices in Tanzania: Does Financial Literacy Really Matter?," IJFS, MDPI, vol. 8(2), pages 1-10, May.
    11. Angela A. Hung & Andrew M. Parker & Joanne K. Yoong, 2009. "Defining and Measuring Financial Literacy," Working Papers WR-708, RAND Corporation.
    12. Sirli Mandmaa, 2020. "How to Promote Personal Financial Education - Findings from Finnish University Students’ Financial Literacy Study," International Journal of Educational Technology and Learning, Scientific Publishing Institute, vol. 10(1), pages 8-25.
    13. C. Andrew Lafond & Bruce Leauby, 2014. "Integrating Financial Literacy Concepts into the Introductory Financial Accounting Course," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(5), pages 12-24, May.
    14. Mastrobuoni, Giovanni, 2011. "The role of information for retirement behavior: Evidence based on the stepwise introduction of the Social Security Statement," Journal of Public Economics, Elsevier, vol. 95(7-8), pages 913-925, August.
    15. Beshears, John & Choi, James J. & Laibson, David & Madrian, Brigitte C., 2011. "Behavioral economics perspectives on public sector pension plans," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(2), pages 315-336, April.
    16. Kamer Karakurum-Ozdemir & Melike Kokkizil & Gokce Uysal, 2019. "Financial Literacy in Developing Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(1), pages 325-353, May.
    17. Raccanello, Kristiano & Romero-García, David Arturo, 2012. "Prácticas predatorias y crédito al consumidor," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(36), pages 7-43, cuarto tr.
    18. Sergio Longobardi & Margherita Maria Pagliuca & Andrea Regoli, 2018. "Can problem-solving attitudes explain the gender gap in financial literacy? Evidence from Italian students’ data," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(4), pages 1677-1705, July.
    19. repec:pra:mprapa:40678 is not listed on IDEAS
    20. Muhammad Waqas & Alishba Hania & Farzan Yahya & Iqra Malik, 2023. "Enhancing Cybersecurity: The Crucial Role of Self-Regulation, Information Processing, and Financial Knowledge in Combating Phishing Attacks," SAGE Open, , vol. 13(4), pages 21582440231, December.
    21. Maria Teresa Medeiros Garcia & Carlos Barros & Antonio Silvestre, 2011. "Saving behaviour: evidence from Portugal," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(2), pages 225-238.

    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:hur:ijaraf:v:3:y:2013:i:3:p:111-117. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Hassan Danial Aslam (email available below). General contact details of provider: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal .

    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.