Economics Education, Decision-Making, and Entrepreneurial Intention: A Mediation Analysis of Financial Literacy
Adequate financial decision-making necessitates a solid foundation in financial literacy and comprehension of its principles. This is particularly crucial for students, as their financial and behavioral choices can significantly impact their future financial and career prospects. Consequently, the p...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
De Gruyter
2024-03-01
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| Series: | Open Education Studies |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/edu-2022-0222 |
| _version_ | 1797246637787054080 |
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| author | Pashaei Azizeh Hassani Mohammad Mohajeran Behnaz Shahbazi Kiumars |
| author_facet | Pashaei Azizeh Hassani Mohammad Mohajeran Behnaz Shahbazi Kiumars |
| author_sort | Pashaei Azizeh |
| collection | DOAJ |
| description | Adequate financial decision-making necessitates a solid foundation in financial literacy and comprehension of its principles. This is particularly crucial for students, as their financial and behavioral choices can significantly impact their future financial and career prospects. Consequently, the present study aimed to explore the causal links between economics education, financial literacy, decision-making abilities, and entrepreneurial intentions. Employing a descriptive-correlational approach, the researchers utilized structural equation modeling, drawing on a sample of 375 individuals purposefully selected from a population of 11,345 students at Urmia University. Data were collected through a questionnaire, and the research variables were initially assessed using multiple correspondence analysis. Subsequently, the research model was estimated. The findings revealed a positive and substantial impact of economics education on students' financial literacy and the influence of economics education on decision-making skills and entrepreneurial intentions through the mediating factor of financial literacy. Furthermore, the results confirmed the moderating role of socioeconomic status in the relationship between economics education and financial literacy. Consequently, the study's outcomes can inform educational institutions and policymakers, supporting the implementation of policies aimed at enhancing general economic education and emphasizing the equitable and distributive nature of such initiatives. |
| first_indexed | 2024-04-24T19:45:58Z |
| format | Article |
| id | doaj.art-230bbfee5dab45118f91cd0b05053a80 |
| institution | Directory Open Access Journal |
| issn | 2544-7831 |
| language | English |
| last_indexed | 2024-04-24T19:45:58Z |
| publishDate | 2024-03-01 |
| publisher | De Gruyter |
| record_format | Article |
| series | Open Education Studies |
| spelling | doaj.art-230bbfee5dab45118f91cd0b05053a802024-03-25T07:28:31ZengDe GruyterOpen Education Studies2544-78312024-03-016117319610.1515/edu-2022-0222Economics Education, Decision-Making, and Entrepreneurial Intention: A Mediation Analysis of Financial LiteracyPashaei Azizeh0Hassani Mohammad1Mohajeran Behnaz2Shahbazi Kiumars3Department of Educational Administration, Urmia University, Urmia, IranDepartment of Educational Sciences, Urmia University, Urmia, IranDepartment of Educational Sciences, Urmia University, Urmia, IranDepartment of Economic Sciences, Urmia University, Urmia, IranAdequate financial decision-making necessitates a solid foundation in financial literacy and comprehension of its principles. This is particularly crucial for students, as their financial and behavioral choices can significantly impact their future financial and career prospects. Consequently, the present study aimed to explore the causal links between economics education, financial literacy, decision-making abilities, and entrepreneurial intentions. Employing a descriptive-correlational approach, the researchers utilized structural equation modeling, drawing on a sample of 375 individuals purposefully selected from a population of 11,345 students at Urmia University. Data were collected through a questionnaire, and the research variables were initially assessed using multiple correspondence analysis. Subsequently, the research model was estimated. The findings revealed a positive and substantial impact of economics education on students' financial literacy and the influence of economics education on decision-making skills and entrepreneurial intentions through the mediating factor of financial literacy. Furthermore, the results confirmed the moderating role of socioeconomic status in the relationship between economics education and financial literacy. Consequently, the study's outcomes can inform educational institutions and policymakers, supporting the implementation of policies aimed at enhancing general economic education and emphasizing the equitable and distributive nature of such initiatives.https://doi.org/10.1515/edu-2022-0222economics educationfinancial literacyrisk preferencessocial preferencesprobabilistic beliefsentrepreneurial intentionsocio-economic status |
| spellingShingle | Pashaei Azizeh Hassani Mohammad Mohajeran Behnaz Shahbazi Kiumars Economics Education, Decision-Making, and Entrepreneurial Intention: A Mediation Analysis of Financial Literacy Open Education Studies economics education financial literacy risk preferences social preferences probabilistic beliefs entrepreneurial intention socio-economic status |
| title | Economics Education, Decision-Making, and Entrepreneurial Intention: A Mediation Analysis of Financial Literacy |
| title_full | Economics Education, Decision-Making, and Entrepreneurial Intention: A Mediation Analysis of Financial Literacy |
| title_fullStr | Economics Education, Decision-Making, and Entrepreneurial Intention: A Mediation Analysis of Financial Literacy |
| title_full_unstemmed | Economics Education, Decision-Making, and Entrepreneurial Intention: A Mediation Analysis of Financial Literacy |
| title_short | Economics Education, Decision-Making, and Entrepreneurial Intention: A Mediation Analysis of Financial Literacy |
| title_sort | economics education decision making and entrepreneurial intention a mediation analysis of financial literacy |
| topic | economics education financial literacy risk preferences social preferences probabilistic beliefs entrepreneurial intention socio-economic status |
| url | https://doi.org/10.1515/edu-2022-0222 |
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