Development of a comprehensive financial literacy scale
Financial literacy and money management practices are fundamental aspects of economic growth. After developing a literature review, we analyze the most important aspects of the terminology and propose an integral definition of the financial literacy concept. The final goal of this paper is to devel...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Academia de Ciencias Administrativas A.C.(ACACIA)
2020-08-01
|
| Series: | Ciencias Administrativas Teoría y Praxis |
| Subjects: | |
| Online Access: | https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/253 |
| _version_ | 1797347241337290752 |
|---|---|
| author | Nuria Patricia Rojas-Vargas Julio César Vega-Mendez |
| author_facet | Nuria Patricia Rojas-Vargas Julio César Vega-Mendez |
| author_sort | Nuria Patricia Rojas-Vargas |
| collection | DOAJ |
| description |
Financial literacy and money management practices are fundamental aspects of economic growth. After developing a literature review, we analyze the most important aspects of the terminology and propose an integral definition of the financial literacy concept. The final goal of this paper is to develop a comprehensive scale to measure financial literacy as defined by the authors according to the evolution of the concept, taking into account related scales to money management found in the literature, and applicable to a wide range of people. The authors develop a structural equation modeling to relate unobserved constructs to observed variables and validate the scale with a divergent and convergent analysis.
|
| first_indexed | 2024-03-08T11:44:50Z |
| format | Article |
| id | doaj.art-c50c9409b26740878595f046ee9e8850 |
| institution | Directory Open Access Journal |
| issn | 2683-1457 2683-1465 |
| language | English |
| last_indexed | 2024-03-08T11:44:50Z |
| publishDate | 2020-08-01 |
| publisher | Academia de Ciencias Administrativas A.C.(ACACIA) |
| record_format | Article |
| series | Ciencias Administrativas Teoría y Praxis |
| spelling | doaj.art-c50c9409b26740878595f046ee9e88502024-01-25T00:04:09ZengAcademia de Ciencias Administrativas A.C.(ACACIA)Ciencias Administrativas Teoría y Praxis2683-14572683-14652020-08-0116110.46443/catyp.v16i1.253189Development of a comprehensive financial literacy scaleNuria Patricia Rojas-VargasJulio César Vega-Mendez Financial literacy and money management practices are fundamental aspects of economic growth. After developing a literature review, we analyze the most important aspects of the terminology and propose an integral definition of the financial literacy concept. The final goal of this paper is to develop a comprehensive scale to measure financial literacy as defined by the authors according to the evolution of the concept, taking into account related scales to money management found in the literature, and applicable to a wide range of people. The authors develop a structural equation modeling to relate unobserved constructs to observed variables and validate the scale with a divergent and convergent analysis. https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/253Financial literacyscale developmentliterature review |
| spellingShingle | Nuria Patricia Rojas-Vargas Julio César Vega-Mendez Development of a comprehensive financial literacy scale Ciencias Administrativas Teoría y Praxis Financial literacy scale development literature review |
| title | Development of a comprehensive financial literacy scale |
| title_full | Development of a comprehensive financial literacy scale |
| title_fullStr | Development of a comprehensive financial literacy scale |
| title_full_unstemmed | Development of a comprehensive financial literacy scale |
| title_short | Development of a comprehensive financial literacy scale |
| title_sort | development of a comprehensive financial literacy scale |
| topic | Financial literacy scale development literature review |
| url | https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/253 |
| work_keys_str_mv | AT nuriapatriciarojasvargas developmentofacomprehensivefinancialliteracyscale AT juliocesarvegamendez developmentofacomprehensivefinancialliteracyscale |