Advanced Financial Literacy of Malaysian Gen Y Investors and Its Consequences


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

[img] Text
8.pdf - Published Version
Restricted to Repository staff only

Download (568kB)


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


Downloads per month over past year

View ItemEdit (login required)