Do parental cash transfers weaken performance in college?

Bodvarsson, Örn B.; Walker, Rosemary

doi:10.1016/j.econedurev.2003.11.009

Cited by 34 publications

(23 citation statements)

References 11 publications

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“…Consumer credit card use increased from Malaysian Ringgit (MR) 10.2 million in 2003 to MR 12.8 million in 2006(Central Bank of Malaysia, 2009a. According to Bodvarsson and Walker (2004), and Lyons (2003Lyons ( , 2004 poor financial management can affect students' academic performance, mental and physical well-being, and even their ability to find employment after graduation. As the standard of living among Malaysians has improved significantly and stimulated changing lifestyles, college students today are granted greater freedom from their parents to make their own shopping and consumption decisions (Kamaruddin & Mokhlis, 2003).…”

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confidence: 99%

“…Inadequate knowledge of personal finance may increase conspicuous consumption and lead to poor financial management. According to Bodvarsson and Walker (2004), and Lyons (2003Lyons ( , 2004 poor financial management can affect students' academic performance, mental and physical well-being, and even their ability to find employment after graduation. Previous studies in the United States and other countries have shown that college students had inadequate financial knowledge and might have been poor managers of their finances (Chen & Volpe, 1998;Markovich & DeVaney, 1997;Murphy, 2005).…”

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confidence: 99%

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Childhood Consumer Experience and the Financial Literacy of College Students in Malaysia

Sabri

MacDonald

Hira

et al. 2010

Family & Consum Sci Res J

101

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The purpose of this study was to investigate the impact of personal and family background, academic ability, and childhood consumer experiences on the financial literacy of college students in Malaysia. The sample comprised 2,519 students in 11 public and private colleges in Malaysia. Financial literacy was measured with a 25‐item test of financial knowledge. On average, students answered less than half of the questions correctly. Methods of analysis included bivariate t tests, analysis of variance, and multiple regression analysis. The childhood consumer experience of discussing family finances with parents has a substantial positive relationship with financial literacy. Students of Chinese ethnicity, who live on campus, and who attend private colleges are less likely to be financially literate.

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confidence: 99%

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confidence: 99%

Childhood Consumer Experience and the Financial Literacy of College Students in Malaysia

Sabri

MacDonald

Hira

et al. 2010

Family & Consum Sci Res J

101

View full text Add to dashboard Cite

show abstract

“…Based on this finding, the student must have an adequate financial knowledge in order to make the best possible decisions financially or if not, this will result in a conspicuous consumption and will further lead to poor financial management. Poor financial management can affect student's academic performance, mental and physical well-being, and even the ability to find employment after graduation (Bodvarsson andWalker, 2004 andLyons, 2004).…”

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confidence: 99%

Determinants of the Financial Literacy among College Students in Malaysia

Albeerdy¹,

Gharleghi²

2015

IJBA

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Objective: The purpose of this study is to investigate the factors influencing the financial literacy among university students in Malaysia.Methods: Data for this study was collected through self-administered questionnaire and distributed through convenient sampling method. A total of 105 completed and usable questionnaires have been collected. Pearson Correlation analysis and multiple regression tables were used to determine the interrelation of different variables in financial literacy.Results: Empirical results show that there is a significant relationship between independent variables of education, and money attitude towards the dependent variable of financial literacy, while there found no relationship between financial socialization agents and financial literacy. Conclusions:This study is important so as to understand how these independent variables affect the literacy rate of young adults. Efforts may be put to strengthen those variables in order increase the literacy rates of those university students.

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“…And even though 87% of part-time employees were supported financially by their families, they thought that employment affected their scores negatively. Bodvarsson and Walker (2004) however found that students who received financial help from their families failed more courses than students who did not receive such support. Moreover, the likelihood of them falling into probation was higher than that of students who did not receive such help and their GPA were also lower.…”

Section: Economic Factorsmentioning

confidence: 97%

Why Do Students Who Are Eligible to Enter University Fall into Academic Probation and What Possibilities Are There for Effective Interventions?

Atay¹,

Ruppert²,

Gülmez³

et al. 2017

PSYCH

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Probation is the academic status of students who do not meet minimum academic criteria of Grade Point Average (GPA) as specified by the university. Probation furthermore restricts the amount of credits that can be loaded. It is a growing problem with many different causes. It has been studied for many years with e.g. The Student Adaptation to College Questionnaire (SACQ) consists of four subscales that are social adjustment, personal-emotional adjustment, academic adjustment and institutional attachment (Gerdes & Mallinckrodt, 1994). In 2014, Istanbul Technical University (ITU) Dean of Student and Registrar's Office published the General Statistical Evaluation Report highlighting the issue of academic probation. In this study the authors aimed to identify the reasons of academic probation and to set up an intervention model at the University Career Centre. For this purpose, semi-structured interviews and group discussions were conducted with 182 undergraduate academic probation students from 13 faculties. Data analysis using Qualitative Data Analysis Software (MAXQDA) was used to identify the reasons for academic probation. Once the reasons had been identified, existing tools were improved and new tools were developed. After the implementation of various intervention measures such as promoting career summits, setting up a web portal, informing the administration of the university of the importance and necessity of creating open areas, the results were analysed. At the end of a two-year period of strenuous efforts, the effectiveness of those measures was evident as the probation rate had dropped from 23.46% to 17.08% (ITU Dean of Student and Registrar's

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Do parental cash transfers weaken performance in college?

Cited by 34 publications

References 11 publications

Childhood Consumer Experience and the Financial Literacy of College Students in Malaysia

Childhood Consumer Experience and the Financial Literacy of College Students in Malaysia

Determinants of the Financial Literacy among College Students in Malaysia

Why Do Students Who Are Eligible to Enter University Fall into Academic Probation and What Possibilities Are There for Effective Interventions?

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