The Impact of Financial Literacy on Entrepreneurial Intention: The Mediating Role of Saving Behavior

Alshebami, Ali Saleh; Marri, Salem Handhal Al

doi:10.3389/fpsyg.2022.911605

Cited by 34 publications

(25 citation statements)

References 42 publications

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“…Bindabel and Salim (2021) found positive relationships between investment, saving and orientation towards finance amongst Saudi university employees. Alshebami and Marri (2022) confirmed that saving behaviour could mediate financial literacy and entrepreneurial intention amongst potential Saudi entrepreneurs, namely, students demonstrating the importance of saving behaviour as a component of financial literacy in investment orientation. In another study by Saber (2020), it was reported that developing financial literacy is critical in Saudi Arabia because of the various radical changes made by the government in relation to the economy as a result of the global reduction in oil prices, which has negatively affected the Saudi budget.…”

Section: Introductionmentioning

confidence: 58%

The roles of financial literacy and overconfidence in investment decisions in Saudi Arabia

2022

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Financial literacy has gained much attention amongst scholars, policymakers and other stakeholders due to its role in backing up investment decisions, improving personal financial management and increasing financial wellbeing. This study examines the influence of financial literacy on investment decisions with the moderating effect of the overconfidence behavioural bias. Data were collected from 180 respondents in Saudi Arabia using a questionnaire, and a convenience sampling technique was applied. The study’s findings were analysed using the partial least squares structural equation modelling (PLS-SEM) technique. It was found that financial literacy positively and significantly influenced investment decisions. Moreover, the results show that overconfidence positively affected investment decisions and that the relationship between financial literacy and investment decisions was positively and significantly moderated by overconfidence.

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Section: Introductionmentioning

confidence: 58%

The roles of financial literacy and overconfidence in investment decisions in Saudi Arabia

2022

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“…Several studies (Alshebami & Al Marri, 2022;Ćumurović & Hyll, 2019) find an impact of financial knowledge on entrepreneurial intentions. Namely, Alshebami and Al Marri (2022) explore that financial knowledge affects EI through saving behavior.…”

Section: Financial Knowledgementioning

confidence: 99%

Financial Knowledge Matters Entrepreneurial Decisions: A Survey in the COVID-19 Pandemic

Tran¹,

Phung

Nguyen

et al. 2023

J Knowl Econ

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Knowledge, general and specific, plays a role in entrepreneurship. Little is known about the role of general knowledge in entrepreneurial intentions. This study fills the gap by proposing financial knowledge as general knowledge and entrepreneurial education as specific knowledge, and investigates their effects on entrepreneurial intentions and the three motivational factors including attitudes, subjective norm, and perceived behavioral control. Using survey data of 480 undergraduates and the structural equation modeling approach, we find a significant impact of financial knowledge on entrepreneurial intentions and all three motivational factors. Entrepreneurial education does not have a significant direct impact but has an indirect effect on entrepreneurial intentions through attitude and perceived behavioral control. These results are important to educators and policymakers to design appropriate policies to improve financial knowledge due to its significant role in entrepreneurial decisions.

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“…There have been very few studies in the context of Saudi Arabia that discuss the relationship between internal locus of control, entrepreneurial self-efficacy, and entrepreneurial resilience. The majority of prior research is concentrated on entrepreneurial education, institutions, entrepreneurial orientation, entrepreneurial intention, and similar concepts (Choukir et al, 2019;Aljarodi, 2020;Elnadi and Gheith, 2021;Abdelwahed, 2022;Alshebami and Marri, 2022). This study provides policymakers with the necessary strategies and policies to develop individuals' internal locus of control, entrepreneurial self-efficacy, and entrepreneurial resilience.…”

Section: Introductionmentioning

confidence: 99%

Redefining resilience: The case of small entrepreneurs in Saudi Arabia

Alshebami

2023

Front. Environ. Sci.

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The survival of enterprises and the effective management of daily problems and obstacles, particularly those faced by small entrepreneurs, depend heavily on resilience. This study examines the critical elements that help small Saudi entrepreneurs strengthen their entrepreneurial resilience through internal locus of control and entrepreneurial self-efficacy, particularly during trying times. The partial least squares structural equation modeling (PLS–SEM) technique was used to analyse the responses of 207 small entrepreneurs operating in various regions of Saudi Arabia. The convenience sampling technique was used, and the data was collected using an online questionnaire. The study found a strong relationship between entrepreneurial resilience, internal locus of control, and entrepreneurial self-efficacy. These results demonstrated that entrepreneurial self-efficacy could mediate the relationship between the internal locus of control and entrepreneurial resilience. Finally, the study addressed limitations and provided recommendations for policymakers and potential authors.

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The Impact of Financial Literacy on Entrepreneurial Intention: The Mediating Role of Saving Behavior

Cited by 34 publications

References 42 publications

The roles of financial literacy and overconfidence in investment decisions in Saudi Arabia

The roles of financial literacy and overconfidence in investment decisions in Saudi Arabia

Financial Knowledge Matters Entrepreneurial Decisions: A Survey in the COVID-19 Pandemic

Redefining resilience: The case of small entrepreneurs in Saudi Arabia

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