The impact of financial literacy on the quality of self-reported financial information

Madeira, Carlos; Margaretic, Paula

doi:10.1016/j.jbef.2022.100660

Cited by 16 publications

(5 citation statements)

References 48 publications

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“…The influence on the advancement of initiatives to increase financial inclusion and literacy in Indonesia will be more positive with more studies on digital financial literacy. High financial education and literacy will be directly associated with risk prevention in financial services and the national financial system, a research hypothesis with significant regulatory consequences (Madeira & Margaretic, 2022).…”

Section: Quality Assessment Resultsmentioning

confidence: 99%

Trends in Digital Financial Literacy Research on the Indonesian Millennial Generation: A Systematic Literature Review

Nurkholik

2023

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The primary objective for the millennial generation in Indonesia in the Digital Age is to increase digital financial literacy about financial technology services. This study intends to look into key data from numerous studies addressing digital financial literacy for Indonesia's millennial population. The millennial generation in Indonesia is highlighted in this study's systematic literature review of the contents of many studies from the Scopus and Google Scholar databases between 2020 and Mid-2023. According to this study, peer-reviewed articles that are primarily focused on national-level research are the most often undertaken sort of research. Due to their visualization in bibliographic mapping, the identified keywords for Indonesia's millennial young generation are still hardly ever researched. The number of studies on digital financial literacy for the millennial generation in Indonesia has grown during the last two years. Among the many studies, quantitative research design is the most popular. The most favourite subject areas for study concentration are financial technology and financial behaviour. Several recommendations have been made in light of the study's findings for future research concentrating on digital financial literacy, particularly for Indonesia's millennial age. These suggestions range from aggressively boosting the number of international research publications to enhancing the range of research designs with a wider topic area.

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Section: Quality Assessment Resultsmentioning

confidence: 99%

Trends in Digital Financial Literacy Research on the Indonesian Millennial Generation: A Systematic Literature Review

Nurkholik

2023

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“…It is also suggested that financial literacy is capable of influencing individuals' profitable borrowing decisions and good use of credit and debit cards (Goyal & Kumar, 2021;Hasan et al, 2021;Klapper & Lusardi, 2020). In a study among respondents in Chile, Madeira and Margaretic (2020) found a positive link between financial literacy and loan reporting accuracy. This suggests that a good debt management record is a prerequisite for access to credit facilities.…”

Section: Financial Literacy and Access To Credit Facilitiesmentioning

confidence: 99%

Investing in Rural Agriculture in the Face of Innovative Financial Services: Does Financial Literacy Matter in Nigeria?

Ogbemudia Benedict,

Wilson,

Ugwu

et al. 2024

Sage Open

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The complex nature of formal financial products and services and the frequently associated innovations occasioned by disruptive technologies inform researchers’ calls for studies on financial literacy, particularly in African rural communities. As a response to the calls, this study explores how financial literacy relates to performance, access to credit facilities, and payment preferences among smallholder rural farmers in Nigeria. Further, the rural farmers’ financial literacy level on each of the four dimensions of the Standard and Poor Global Financial Literacy criteria was assessed. A random sample was drawn from the registered rural farmers in the Central Bank of Nigeria’s Anchored Borrower’s Program for the 2022 farming year. Quantitative data were collected from rural farmers using the Standard and Poor Global Financial Literacy questionnaire. The proposed hypotheses were tested with partial least squares structural equation modeling (PLS-SEM), while descriptive statistics were used to analyze the data. The outcomes show that financial literacy significantly predicts performance, access to credit facilities, and mode of payment preferences among smallholder rural farmers. Also, the analyses of the four dimensions of financial literacy show that the farmers are more literate in risk diversification and inflation than numeracy and compound interest. It is concluded that financial literacy is cardinal to profitable investments in rural farming, and as such, there is a need for the Nigerian government and financial authorities to embark on financial literacy drive with more emphasis on numeracy and compound interest where the rural farmers are more deficient.

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“…Tezel (2015) menjelaskan bahwa anak usia sekitar 5 tahun belajar konsep pinjaman dengan memahami konsekuensi dari kepemilikan harta benda. Penelitian terbaru menjelaskan bahwa konsep meminjam menjadi salah satu pengaruh penting dalam litererasi finansial, seperti dalam penelitian Kass-Hanna, Lyons, dan Liu (2022), menemukan individu yang saat ini memiliki pinjaman berarti memiliki tingkat literasi finansial yang lebih tinggi daripada individu yang tidak memiliki pinjaman, dan pinjaman yang dimiliki harus memiliki akurasi pelaporan pinjaman yang tepat (Madeira & Margaretic, 2022). Dijelaskan juga oleh Kass-Hanna, dkk.…”

Section: Memahami Kebutuhan Dan Keinginanunclassified

Literasi Finansial Anak Usia 5-6 Tahun

Pradani,

Pudyaningtyas,

Nurjanah

2023

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Literasi finansial merupakan pengetahuan dan kecakapan dalam mengaplikasikan pemahaman tentang konsep dan risiko agar dapat membuat keputusan yang efektif dalam konteks finansial, serta menjadi penting dimiliki oleh anak sehingga kesejahteraan keuangan di masa depan dapat tercapai. Penelitian ini bertujuan untuk mengetahui tingkat literasi finansial pada anak usia 5-6 tahun di Desa Kemanggungan, Kecamatan Tarub, Kabupaten Tegal. Penelitian ini merupakan penelitian kuantitatif survei. Sampel yang digunakan berjumlah 30 anak usia 5-6 tahun di Desa Kemanggungan, dan sampel yang digunakan merupakan sampel jenuh. Teknik pengumpulan data menggunakan wawancara untuk data prapenelitian, dan kuisioner untuk mengetahui tingkat literasi finansial anak. Analisis data yang digunakan yaitu deskriptif kuantitatif dengan menyajikan persentase dan grafik. Tingkat literasi finansial anak usia 5-6 tahun memiliki 11 indikator untuk pengukurannya. Berdasarkan penelitian yang telah dilakukan, rata-rata tingkat literasi finansial anak usia 5-6 tahun di Desa Kemanggungan yaitu termasuk dalam tingkat rendah.

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The impact of financial literacy on the quality of self-reported financial information

Cited by 16 publications

References 48 publications

Trends in Digital Financial Literacy Research on the Indonesian Millennial Generation: A Systematic Literature Review

Trends in Digital Financial Literacy Research on the Indonesian Millennial Generation: A Systematic Literature Review

Investing in Rural Agriculture in the Face of Innovative Financial Services: Does Financial Literacy Matter in Nigeria?

Literasi Finansial Anak Usia 5-6 Tahun

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