Tang, Mingfeng and Liu, Xiaomeng and Feng, Qingchen and Selvarajan, Sonia Kumari and Baskaran, Angathevar and Yang, Chen (2022) Impact of financial literacy on individuals' financial decisions: A comparative analysis of eastern, central, and western regions in China. Contemporary Chinese Political Economy and Strategic Relations, 8 (1). 101 -138. ISSN 24109681,
Full text not available from this repository.Abstract
This study examines the following research questions: 1. What are the main characteristics of financial literacy in China? 2. Are there differences in the levels of financial literacy between regions? 3. What are the factors affecting financial literacy? It uses data gathered from a survey of 474 respondents. The findings reveal different financial literacy characteristics across China's three major regions and allow for an exploration of the influencing factors and corresponding impacts on financial decisions. The financial literacy levels exhibit a decreasing trend from East to West, with small differences in the mean value. Overall, financial literacy is most strongly correlated with deposits, followed by funds, stocks, and emergency savings decisions. However, different regions perform differently in various aspects of financial literacy. Drawing from the findings, the paper proposes some policy recommendations. © 2022 Institute of China and Asia-Pacific Studies - National Sun Yat-sen University. All rights reserved.
| Item Type: | Article |
|---|---|
| Funders: | None |
| Uncontrolled Keywords: | Financial behavior; Financial decision; Financial literacy; Portfolio diversification |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HG Finance > Personal finance |
| Divisions: | Faculty of Business and Economics |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 04 Dec 2023 04:59 |
| Last Modified: | 04 Dec 2023 04:59 |
| URI: | http://eprints.um.edu.my/id/eprint/43898 |
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