The effect of financial education on financial knowledge, financial attitude and financial behavior of students (case study: management and accounting students of Mashhad)

Subject Areas :

Mahdi Filsaraei ¹ , Behzad Shafiei Moghaddam ²

1 - Assistant Professor, Department of Accounting, Hakim Toos Higher Education Institute Mashhad, Iran
2 - Hakim Tous Institute of Higher Education, Mashhad, Iran

Received: 2024-02-07 Accepted : 2024-03-02 Published : 2024-03-19

Keywords: Financial attitude, financial behavior, financial education, financial knowledge,

Abstract :

Purpose: The purpose of this research was the effect of financial education on financial knowledge, financial attitude and financial behavior of management and accounting students of Mashhad. Methodology: The statistical population of the research was management and accounting students of Mashhad city in Razavi Khorasan province. 400 questionnaires were collected and structural equation modeling method was used. The method of data collection is library and field method with questionnaire distribution. This research is an applied and descriptive survey, and the data collection was a questionnaire prepared from several standard questionnaires that were integrated by the researcher. To test the hypotheses, correlation test method, structural equation model and regression (path analysis) were used in SmartPLS. Findings: The results showed that the effect of financial education on financial attitude, knowledge and behavior was confirmed. The effect of financial attitude variable on financial behavior was positive and significant, and the effect of financial knowledge on financial behavior was positive and significant. Originality: Many studies have been conducted on the factors affecting financial education. The present study has been conducted by examining the impact of financial education on components such as financial knowledge, financial attitude and financial behavior in a certain group of people (students) who are responsible for the future of the society. Therefore, in this sense, it adds to the existing literature.

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