Exploring the factors in shaping investor’s financial decision-making

Singh, Shahni; Kumar, Arya; Hota, Sweta Leena; Dutta, Sudeshna; Styaningrum, Farida

doi:10.47974/JSMS-1139

Open Access Research Article

Exploring the factors in shaping investor’s financial decision-making

Shahni Singhshahnisingh97@gmail.comDepartment of Commerce Kalinga Institute of Industrial TechnologyBhubaneswar, Odisha, India0000-0003-2893-107XView full profile → , ^*Arya KumarCorresponding authoraryantripathy@yahoo.comDepartment of Commerce Kalinga Institute of Industrial TechnologySchool of Economics and Commerce KIIT Deemed to be UniversityBhubaneswar, Odisha, 751024, India0000-0002-8203-361XView full profile → , Sweta Leena Hotaswetaleena.hotafcm@kiit.ac.inDepartment of Commerce Kalinga Institute of Industrial TechnologySchool of Social, Financial and Human Sciences KIIT Deemed to be UniversityBhubaneswar, Odisha, 751024, India0000-0002-8726-8143View full profile → , Sudeshna Duttasudeshna@biitm.ac.inDepartment of Commerce Biju Patnaik Institute of Information Technology & Management StudiesBhubaneswar, Odisha, 751024, India0009-0007-4416-2086View full profile → , Farida Styaningrumfaridastyaningrum@unipma.ac.idUniversitas PGRI MadiumJawa Timur, 63118, Indonesia0000-0002-4347-1369View full profile →

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pp. 87–103Vol. 27Issue 1January 2024DOI: 10.47974/JSMS-1139XML

Received:: 08 Aug 2023
Published Online:: 27 Nov 2023
Article type:: Research Article
Language:: EN
Article no.:: JSMS-1139
Pages:: 87–103

Abstract

Purpose: This study examines how financial literacy affects undergraduate management students. The study examines how to improve management students’ financial literacy. Methodology: Management students in Bhubaneswar, India, are assessed on their financial knowledge, behavior, awareness, and satisfaction. Twenty measures were assessed for 230 individuals. A 5-point Likert scale self-administered questionnaire examined all factors. Research focused on scale validity. The independent-dependent variable relationship can be quantified through path analysis, and AMOS version 21 was used to estimate the CFA framework to establish construct validity. Results: Management students’ financial literacy and saving habits were strongly correlated. Originality: Financial education programs that assist individuals make better financial decisions, promote financial well-being, and lessen economic inequality should be clearly addressed in prior study. Thus, an inquiry on student management to explore these topics.

Keywords

Financial literacy Financial satisfaction Financial saving behaviour Financial awareness Students

Subject Classifications

97A4097B40

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