Financial Literacy and Self‐Employment

Ćumurović, Aida; Hyll, Walter

doi:10.1111/joca.12198

Cited by 79 publications

(69 citation statements)

References 112 publications

(158 reference statements)

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“…(2018) show that a higher degree of financial literacy strengthens financial inclusion, while poor decisions regarding mortgage refinancing are the result of financial illiteracy (Bajo & Barbi, 2018). A new and positive relationship is found between being financially literate and self‐employed (Ćumurović & Hyll, 2019).…”

Section: Mapping the Trends In Financial Literacy Research In The Lasmentioning

confidence: 99%

Financial literacy: A systematic review and bibliometric analysis

Goyal

Kumar

2020

Int J Consumer Studies

644

335

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Given the paucity of comprehensive summaries in the extant literature, this systematic review, coupled with bibliometric analysis, endeavours to take a meticulous approach intended at presenting quantitative and qualitative knowledge on the ever‐emerging subject of financial literacy. The study comprises a review of 502 articles ‐ published in peer‐reviewed journals from 2000 to 2019. Citation network, page‐rank analysis, co‐citation analysis, content analysis and publication trends have been employed to identify influential work, delineate the intellectual structure of the field and identify gaps. The most prominent journals, authors, countries, articles and themes have been identified using bibliometric analysis, followed by a comprehensive analysis of the content of 107 papers in the identified clusters. The three major themes enumerated are—levels of financial literacy amongst distinct cohorts, the influence that financial literacy exerts on financial planning and behaviour, and the impact of financial education. Additionally, content analysis of 175 papers has been conducted for the last four years’ articles that were not covered in the co‐citation analysis. Emerging themes identified include financial capability, financial inclusion, gender gap, tax & insurance literacy, and digital financial education. A conceptual framework has been modelled portraying the complete picture, following which potential areas of research have been suggested. This study will help policy‐makers, regulators and academic researchers know the nuts and bolts of financial literacy, and identify the relevant areas that need investigation.

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Section: Mapping the Trends In Financial Literacy Research In The Lasmentioning

confidence: 99%

Financial literacy: A systematic review and bibliometric analysis

Goyal

Kumar

2020

Int J Consumer Studies

644

335

View full text Add to dashboard Cite

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“…To our knowledge, empirical evidence on this side is scant. A recent paper by Ćumurović and Hyll (2018) investigates the linkage between financial literacy and selfemployment, finding a positive correlation. Bruhn and Zia (2011) and Engström and McKelvie (2017) find that financial literacy led to improved business performance of micro and small firms, in Bosnia-Herzegovina and Ecuador respectively.…”

Section: Entrepreneurship Financial Literacy and The Gender Effectmentioning

confidence: 99%

Entrepreneurial spirits in women and men. The role of financial literacy and digital skills

2019

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We investigate the attitudes to entrepreneurship of Italian households, focusing on the importance of digital skills and financial literacy as potentially relevant factors shaping entrepreneurial entry. We put the gender focus to our analysis to detect whether, and to what extent, women and men differ in their propensity to run a business. We carry out our research by using a sample of the Bank of Italy SHIW dataset for the year 2008 and 2010. Our findings suggest a strong heterogeneity, between men and women, of the importance of digital skills and financial literacy as entrepreneurial drivers. Results show that the impact of financial literacy on the probability of being an entrepreneur is significant, but only for men. Digital skills increase the probability of being entrepreneur with a bigger effect for men than for women.

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“…Figure 4 shows grouped bar chart for each categorical group. When it comes to level of financial literacy, it is probably good to mention that, accoding to Ćumurović and Hyll (2017) there are evidence in the literature (Bucher-Koenen and , Klapper, Lusardi, Panos, 2013, Deuflhard, Georgarakos, Inderst, 2015 that entrepreneurs, or self-employed individuals, are more financially literate than regularly employed. This could be a good recommendation for another research.…”

Section: Resultsmentioning

confidence: 99%