A Study on the Influence of Financial Literacy and Psychological Factors on Financial Product Investment Attitude*A Study on the Influence of Financial Literacy and Psychological Factors on Financial Product Investment Attitude*
- Other Titles
- A Study on the Influence of Financial Literacy and Psychological Factors on Financial Product Investment Attitude*
- Authors
- 조승호; 정재만
- Issue Date
- Aug-2023
- Publisher
- 한국비즈니스학회
- Keywords
- self-efficacy; self-superiority; financial knowledge; investment knowledge; financial product investment attitudes
- Citation
- 비즈니스융복합연구, v.8, no.4, pp.39 - 46
- Journal Title
- 비즈니스융복합연구
- Volume
- 8
- Number
- 4
- Start Page
- 39
- End Page
- 46
- URI
- https://scholarworks.bwise.kr/ssu/handle/2018.sw.ssu/44448
- DOI
- 10.31152/JB.2023.08.8.4.39
- ISSN
- 2765-401X
- Abstract
- This study empirically examines the impact of financial literacy and psychological factors on financial product investment attitudes. In this study, financial literacy is measured by two dimensions: financial knowledge and investment knowledge. The psychological factors measured in this study are self-efficacy and self-superiority, based on social cognitive theory. To investigate the effects of these two sets of variables, a survey was conducted targeting individuals aged 20 to 40. A total of 194 participants took part in the survey. The analysis of the research results, conducted through regression analysis, showed that financial knowledge did not emerge as a significant variable in influencing financial product investment attitudes. On the other hand, investment knowledge was found to have a significant impact on financial product investment attitudes. Among the psychological factors, self-superiority did not emerge as a significant variable, whereas self-efficacy significantly influenced financial product investment attitudes. The findings of this study suggest that investment knowledge, which measures concrete knowledge about financial products, is associated with a more aggressive investment propensity, as individuals with higher objective investment knowledge are more likely to exhibit a proactive investment behavior. In terms of psychological aspects, individuals with higher self-efficacy, meaning greater confidence in their ability to accomplish tasks or goals, are more likely to opt for riskier investment products.
- Files in This Item
-
Go to Link
- Appears in
Collections - College of Business Administration > School of Finance > 1. Journal Articles
- College of Economics and International Commerce > Department of Global Commerce > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.