Analysis of the Effects of Financial Literacy Through the Mediation of Financial Behavior and Moderating Gender on Vulnerability ;Case Study: Male and Female Elementary School Students in Abadeh City
Subject Areas :
Sediegheh Taghieh
1
*
,
Farzaneh Mohammadi
2
1 - Department of Financial Management, Faculty of Economics and Management, Islamic Azad University, Shiraz, Iran
2 - Educational Management, Islamic Azad University, Abadeh Branch
Keywords: financial literacy, financial behavior, gender, family vulnerability, students, population,
Abstract :
Investment problems sometimes plague families and cause serious losses to them. Investors' financial literacy and behaviors are considered as important concepts that have been able to harm the members of the shareholders' family the most in the last decade. following the importance of this issue; This study aims to analyze the effect of financial literacy on family vulnerability through the mediating variable of financial behavior and the moderating variable of gender. The statistical population was 140 male and female elementary school students in the last year of Abadeh schools, who were selected through G-Power sampling software (third version) and a random cluster sample. The descriptive-survey research method was of causal type and data collection was done quantitatively and through the questionnaire tool. The data collection tool included three questionnaires of family vulnerability, financial literacy and financial behavior, whose preliminary validity was confirmed (through content) and preliminary reliability values were also acceptable (through Cronbach's alpha). Eventually; Research findings using Smart PLS software analysis (final version 4) showed that financial literacy had a significant effect on family vulnerability, financial literacy on financial behavior and financial behavior on vulnerability. Also, gender moderated the effect of financial literacy on vulnerability, but the moderating role of gender on the effect of financial behavior on vulnerability was not confirmed. Therefore, it seems that having the necessary knowledge in the financial sector along with the preparation to go through the existing crises and the experience of knowing the fluctuations of the markets, especially stocks, for members of a family, especially students, can increase the percentage of success and stabilize the desired financial performance.
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