Audit Financiar Journal in 2017
The importance of financial literacy has increased due to factors such as the development of new financial products, the complexity of instruments and financial markets, political changes, and economic factors. For this reason, considerable measures have been performed recently by people and organiz...
| Format: | Article |
|---|---|
| Language: | English |
| Published: |
Chamber of Financial Auditors of Romania
2017-11-01
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| Series: | Audit Financiar |
| Subjects: | |
| Online Access: |
http://revista.cafr.ro/temp/Article_9557.pdf
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| _version_ | 1828222593718550528 |
|---|---|
| collection | DOAJ |
| description | The importance of financial literacy has increased due to
factors such as the development of new financial
products, the complexity of instruments and financial
markets, political changes, and economic factors. For
this reason, considerable measures have been
performed recently by people and organizations with
scientific competencies such as the World Bank, in
respect of introducing, evaluating, and improving the
people’s financial literacy. Due to the importance of this
concept, this research has been performed with the goal
of evaluating the role of the financial literacy training in
the participation ratio of small and medium-size
enterprises in financial markets. The statistical
population of this research is composed of small and
medium-size companies activating in the industrial city
of Rasht. For the data analysis, the Structural Equation
Modelling was used, by the PLS method. The results
show that the financial literacy training has a positive
and significant impact on the financial literacy level, and
also on the market participation. |
| first_indexed | 2024-04-12T16:57:01Z |
| format | Article |
| id | doaj.art-c5c7687d91374a4c99c4a2336320b1aa |
| institution | Directory Open Access Journal |
| issn | 1844-8801 |
| language | English |
| last_indexed | 2024-04-12T16:57:01Z |
| publishDate | 2017-11-01 |
| publisher | Chamber of Financial Auditors of Romania |
| record_format | Article |
| series | Audit Financiar |
| spelling | doaj.art-c5c7687d91374a4c99c4a2336320b1aa2022-12-22T03:24:12ZengChamber of Financial Auditors of RomaniaAudit Financiar1844-88012017-11-011514864465410.20869/AUDITF/2017/148/6449557Audit Financiar Journal in 2017The importance of financial literacy has increased due to factors such as the development of new financial products, the complexity of instruments and financial markets, political changes, and economic factors. For this reason, considerable measures have been performed recently by people and organizations with scientific competencies such as the World Bank, in respect of introducing, evaluating, and improving the people’s financial literacy. Due to the importance of this concept, this research has been performed with the goal of evaluating the role of the financial literacy training in the participation ratio of small and medium-size enterprises in financial markets. The statistical population of this research is composed of small and medium-size companies activating in the industrial city of Rasht. For the data analysis, the Structural Equation Modelling was used, by the PLS method. The results show that the financial literacy training has a positive and significant impact on the financial literacy level, and also on the market participation. http://revista.cafr.ro/temp/Article_9557.pdf Financial LiteracyFinancial TrainingMarket Participation |
| spellingShingle | Audit Financiar Journal in 2017 Audit Financiar Financial Literacy Financial Training Market Participation |
| title | Audit Financiar Journal in 2017 |
| title_full | Audit Financiar Journal in 2017 |
| title_fullStr | Audit Financiar Journal in 2017 |
| title_full_unstemmed | Audit Financiar Journal in 2017 |
| title_short | Audit Financiar Journal in 2017 |
| title_sort | audit financiar journal in 2017 |
| topic | Financial Literacy Financial Training Market Participation |
| url |
http://revista.cafr.ro/temp/Article_9557.pdf
|