Financial literacy, economic preferences, and adolescents’ field behavior

Issues related to Islamic financial literacy are always interesting to study, mainly because financial literacy has a close relationship with inclusive finance, including women's intelligence which is often questioned in terms of financial literacy. As if only women are the only gender whose abilities and intelligence are always questioned. The paradigm of women is being left behind as if it has been ingrained in some Indonesians. This study uses an explanatory sequential mixed method, in which qualitative data is taken from the study literature, then analyzed using the Nvivo 12 application. Quantitative data is taken from a questionnaire, then analyzed using the SPSS application. The result from qualitative data analysis would explain more the findings. This study proves that gender does not affect financial literacy, it can be said that women in Indonesia urban middle-class are not left behind. Everyone has the same rights in learning about Islamic financial literacy.

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“…It will help them grow socially and personally. Their financial support would aid the economic development of our country (Razen et al, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Islamic Financial Literacy: Evidence From Indonesian Urban Middle-Class Women

Rahmatia

Wijaya²,

Saputra³

et al. 2022

JISEL

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“…Meskipun begitu keduanya memiliki karakteristik yang sama. Sedangkan penelitian lain menunjukkan literasi khususnya pada literasi finansial, laki-laki memiliki literasi yang lebih baik (Razen, Huber, Hueber, Kirchler, & Stefan, 2020).…”

Section: Hasil Uji Independent Sample T-testunclassified

Model Pembelajaran Moving Peer Tutoring Untuk Meningkatkan Literasi Informasi Mahasiswa

Syah

Suranto

Karima

et al. 2021

JPIS

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This study aims to test the implementation of moving peer tutoring method to improve information literacy competence of prospective accounting educator students. This type of research is quantitative with an experimental design. This method is implemented on twenty five people as participants and three people as peer tutors who provide information to each other. The pre-test and post-test data were collected through a questionnaire. The instrument reliability test was carried out through validity and reliability tests with 23 respondents being tested. The results of this study indicate that the implementation of moving peer tutoring method is able to improve information literacy competence of prospective accounting educators. A significant increase shows that students in higher education are still comfortable with their learning style with their peers who are relatively the same age. These results need to be re-examined in elementary and middle school students to obtain broader results.

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“…Based on our results, we state the importance of internal motivation of respondents themselves, for whom their life situation drove them to measurably improve financial literacy above the level of respondents at the same level of education, who have not yet needed to use the acquired knowledge in their lives and gain deeper knowledge individually. Other researchers (eg Bottazzi & Lusardi, 2021;Okamoto & Komamura, 2021;Razen et al, 2021) also examine financial literacy in the context of the need to meet the living needs of individuals and their cultural, habitual and social environments. These aspects cannot be overlooked and it is important to work with them in increasing financial literacy, but also in solving other social problems.…”

Section: Discussionmentioning

confidence: 99%

“…However, this research has been able to identify some of the factors that determine women's success and presence in business. Some of these include money access and usage within their premises (Stefan et al, 2021). Therefore, the exploration of the diverse methods of capital usage lays the ground for identifying the strengths and weaknesses of businesses in developing countries and how the innate factors in the aboriginal ground set the pace for the trajectory of their businesses (Barrachina et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

“…The development of financial literacy can also be viewed from the point of view of the cultural, customary and social environment. Razen et al (2021) focused on the level of financial literacy of adolescents in Austria. They state that the level of financial literacy is positively associated with patience, the male gender, and the educational level of the father.…”

Section: Literature Reviewmentioning

confidence: 99%

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International Scientific Conference ERAZ - Knowledge Based Sustainable Development

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Following the Revolution of Dignity in Ukraine in 2014, Russia annexed Crimea, while separatist forces supported by the Russian government seized part of the Donbas region in south-eastern Ukraine. Since the beginning of 2021, a build-up of Russian military presence has occurred along the Russia-Ukraine border. The United States and other countries have accused Russia of planning an invasion of Ukraine. On February 24th, Putin announced a "special military operation," supposedly to "demilitarize" and "denazify" Ukraine. In light of these events, the global economy and consequently the financial markets had significant structural breaks; based on these facts, this paper aims to analyze the synchronizations between the capital markets of Austria (Austrian Traded), Budapest (BUX), Bulgaria (SE SOFIX), Croatia (CROBEX), Russia (MOEX), Czech Republic (Prague SE PX), Romania (BET), Slovakia (SAX 16), and Slovenia (SBI TOP), in the period from January 2nd, 2017 to May 6th, 2022. To perform this analysis and to get more robust results we divided the sample into two sub-periods: The first from January 2nd, 2017, to December 31st, 2019, with the second sub-period called capital markets stress comprising the time lapse from January 1st, 2020, to May 6th, 2022. In order to answer the research question, we aim to find out, whether the Russian invasion of Ukraine accentuated interdependencies in Central/Eastern European financial markets. The time series do not show normal distributions, with the Russian market showing the highest risk; we find that the markets broke down significantly, mostly in March 2022 arising from instability in the global economy. The results obtained suggest very significant levels of integration during the stress period in the capital markets analyzed, and we see that during the quiet period the Slovakian market tends to be highly integrated (8 out of 8 possible), while the Slovenian market shows no integration with its regional peers, which shows that we are dealing with a segmented market. These findings suggest that markets tend toward integration in periods of extreme volatility, calling into question the implementation of efficient portfolio diversification strategies.

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Financial literacy, economic preferences, and adolescents’ field behavior

Cited by 25 publications

References 17 publications

Islamic Financial Literacy: Evidence From Indonesian Urban Middle-Class Women

Islamic Financial Literacy: Evidence From Indonesian Urban Middle-Class Women

Model Pembelajaran Moving Peer Tutoring Untuk Meningkatkan Literasi Informasi Mahasiswa

International Scientific Conference ERAZ - Knowledge Based Sustainable Development

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