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 |
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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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