Citation

Khan, Mohammad Tariqul Islam and Tan, Siow Hooi and Goh, Gerald Guan Gan (2019) Advanced Financial Literacy of Malaysian Gen Y Investors and Its Consequences. Margin—The Journal of Applied Economic Research, 13 (1). pp. 83-108. ISSN 0973-8029

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Abstract

This article presents the advanced financial literacy of Malaysian Gen Y investors and investigates whether literacy varies across demographics and ethnicity, and how financial literacy is related to investing decisions. In a survey-based study (N = 231) with the estimation of crosstab, ordered logistic regression and binary logistic regression, the results suggest that Gen Y investors display a medium level of financial literacy and that investors with certain demographic characteristics and ethnicity display a relatively higher level of financial literacy. Literacy items such as knowledge of stocks and bonds, functioning of the stock market, working of long-term bonds and mutual funds, and riskiness of bonds versus stocks are more closely related to investors’ trading, risky share investment, willingness of risk-taking, stock market participation and perceived portfolio returns. The results imply a clear scope to improve Gen Y investors’ financial literacy by concentrating on a certain socio-demographic groups and specific financial literacy items.

Item Type:	Article
Uncontrolled Keywords:	Financial literacy
Subjects:	H Social Sciences > HG Finance > HG179 Personal finance
Divisions:	Faculty of Business (FOB)
Depositing User:	Ms Suzilawati Abu Samah
Date Deposited:	04 Jan 2022 01:45
Last Modified:	04 Jan 2022 01:45
URII:	http://shdl.mmu.edu.my/id/eprint/8927

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