Investigating the Status of Financial Literacy Components Among Students of Farhangian University

Subject Areas : curriculum

Mohsen Molapanah ¹ , , Yousef Namvar ² , Azam Rastgoo ³ , majid ahmadlu ⁴ , Touran Soleymani Mollayousef ⁵

1 - PhD Candidate of Educational Administration, Ardabil Branch, Islamic Azad University, Ardabil, Iran. [e-mail]
2 - Associate Professor, Department of Educational Administration, Ardabil Branch, Islamic Azad University, Ardabil, Iran. [e-mail]
3 - Assistant Professor, Department of Educational Administration, Ardabil Branch, Islamic Azad University, Ardabil, Iran. [e-mail]
4 - Assistant Professor, Department of Management, Ardabil Branch, Islamic Azad University, Ardabil, Iran. [e-mail]
5 - Assistant Professor, Department of Educational Sciences, Ardabil Branch, Islamic Azad University, Ardabil, Iran

Received: 2023-10-22 Accepted : 2023-10-22 Published : 2023-09-23

Keywords: financial literacy, Farhangian University, financial behavior, financial knowledge, financial attitude,

Abstract :

The present study was conducted with the aim of investigating the status of financial literacy components among students of Farhangian University. The research method was descriptive and cross-sectional survey. The statistical population of this research included all graduate students of Farhangian University of Ardabil province, numbering 1314 people 278 of whom were selected as the sample using available sampling method following Morgan's Table. The data collection tool was a researcher-made questionnaire, whose validity was confirmed using the AVE index and face validity. The value of the AVE index for each of the components of financial literacy (financial knowledge, financial attitude and financial behavior) was greater than 0.5, and in terms of formal validity, the questionnaire was reviewed and confirmed by subject experts. Also, the reliability was estimated through two combined reliability indices and Cronbach's alpha coefficient yielding a value above 0.7 for each of the components of financial literacy (financial knowledge, financial attitude and financial behavior). To analyze the data, a one-sample t-test was used via SPSS 22 software. The results showed that parents' education, student's income, place of residence and gender respectively have the greatest effect on the behavior, attitude and financial knowledge of students of Farhangian University.