Financial Literacy: The Impact of The Foreign-Language Effect on Risk-Taking Values, Financial Attitudes, and Behavior of Hong Kong Secondary Students

Ho, Chun Sing Maxwell; Lee, Daphnee Hui Lin

doi:10.1007/s40299-022-00670-5

Cited by 7 publications

(1 citation statement)

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“…By considering the bigger picture and adopting a long-term mindset, individuals can make informed decisions that align with their financial goals, increase their financial security, and build a solid foundation for their future Developing and developing countries from Asia, Europe, and North America Mitchell (2008, 2011) (continued ) The inability to read and write the country's official language restricts access to financial resources, information, and educational materials that are primarily available in that language. Also instructing in English helps to access global financial information and resources Colombia, Hong Kong, Lebanon, Mexico, Uruguay, and Turkey Ho and Lee (2022) Books at home (CF2) Children from well-read families benefit from a broader perspective that extends beyond their formal education. Growing up in an environment where reading is valued and encouraged exposes them to a wide range of subjects, ideas, and perspectives.…”

Section: Hsu (2016)mentioning

confidence: 99%

Assessment of antecedents of financial literacy among young adults: hybrid BWM and ISM approach

Saharan,

Pandey

et al. 2023

IJSE

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PurposeThe low level of financial literacy among young adults is a pressing concern at both individual and country levels. Therefore, there is a dire need to understand the best-worst antecedents of financial literacy and how they influence each other.Design/methodology/approachA two-phased multicriteria decision-making (MCDM) technique consisting of best-worst method and interpretive structural modeling (BWM-ISM) was employed for pair-wise comparison, assigning weights, ranking and establishing the relationship among antecedents of financial literacy.FindingsResults suggest that use of Internet (SF1), role of financial advisors (SF3) and education level of individuals (DS7) are top ranked antecedents, whereas masculinity/feminity, language and power distance in society are the least ranked antecedents of financial literacy. Findings will help both academicians and practitioners focus on the key factors and make efforts to increase financial literacy by minimizing resource usage.Originality/valueThe current study provides clarity among antecedents of financial literacy by following BWM-ISM approach for the first time in the financial literacy context.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-11-2022-0746

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Section: Hsu (2016)mentioning

confidence: 99%

Assessment of antecedents of financial literacy among young adults: hybrid BWM and ISM approach

Saharan,

Pandey

et al. 2023

IJSE

View full text Add to dashboard Cite

show abstract

Integrating Financial Literacy into the K-12 Curriculum: Teachers’ and School Leaders’ Experience

Barrot

Gonzales

Eniego

et al. 2022

Asia-Pacific Edu Res

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Demographics, social norms, entrepreneurial self-efficacy and entrepreneurial intention: a social cognitive perspective on secondary students

Ho,

Man,

Chiu

2024

IJEM

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PurposeFramed by social cognition theory, this study examines the impact of environmental factors (e.g. social norms) on students’ entrepreneurial self-efficacy (ES) and entrepreneurial intention (EI).Design/methodology/approachWe obtained responses to a survey from 811 senior secondary students in Hong Kong. We then employed structural equation modeling (SEM) to test the proposed hypothesis. We removed non-significant parameters in testing the model and obtained the final SEM.FindingsAmong these students, those who were male or spoke English at home showed stronger social norms of entrepreneurship and greater entrepreneurial SE, which was linked to greater EI. Among students perceiving stronger social norms of entrepreneurship, those who lived in private housing or spoke English at school showed greater entrepreneurial intention.Originality/valueThe study provides a new social cognitive perspective for examining EI that emphasizes learning and development through the interaction of environmental and cognitive factors. It supplements previous research by demonstrating the significant influence of social norms and the conditional role of parental influence, adding complexity to our understanding of how these factors' interplay.

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Financial Literacy: The Impact of The Foreign-Language Effect on Risk-Taking Values, Financial Attitudes, and Behavior of Hong Kong Secondary Students

Cited by 7 publications

References 50 publications

Assessment of antecedents of financial literacy among young adults: hybrid BWM and ISM approach

Assessment of antecedents of financial literacy among young adults: hybrid BWM and ISM approach

Integrating Financial Literacy into the K-12 Curriculum: Teachers’ and School Leaders’ Experience

Demographics, social norms, entrepreneurial self-efficacy and entrepreneurial intention: a social cognitive perspective on secondary students

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