作者
Antonio Molina-García, Ana José Cisneros-Ruiz, María Deseada López-Subires, Julio Diéguez-Soto
发表日期
2023/11/1
期刊
The International Journal of Management Education
卷号
21
期号
3
页码范围
100840
出版商
Elsevier
简介
Previous evidence is contradictory about the financial literacy-individual’s risk-taking propensity relationship. Therefore, this article attempts to examine the relationship between financial literacy and risk-taking propensity in a university environment, considering for the first time the financial literacy’s multidimensional nature (i.e., financial knowledge, financial attitude, and financial behaviour). Applying Covariance-Based Structural Equation Models to 568 Spanish undergraduates, our results show that: (1) financial knowledge and financial behaviour directly and positively affect risk-taking propensity; (2) financial attitude indirectly and positively affects risk-taking propensity through financial behaviour. These findings are relevant since they provide new insights into the association mechanism that explains the financial literacy-undergraduates’ risk-taking propensity relationship.
引用总数
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