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https://doi.org/10.1515/bsrj-2017-0012

The Regression Analysis of Individual Financial Performance: Evidence from Croatia

Vlasta Bahovec ; Faculty of Economics and Business, University of Zagreb, Croatia
Dajana Barbić   ORCID icon orcid.org/0000-0003-2580-0269 ; Faculty of Economics and Business, University of Zagreb, Croatia
Irena Palić   ORCID icon orcid.org/0000-0002-7525-0640 ; Faculty of Economics and Business, University of Zagreb, Croatia

Puni tekst: engleski, zip (327 KB) str. 1-13 preuzimanja: 3.616* citiraj
APA 6th Edition
Bahovec, V., Barbić, D. i Palić, I. (2017). The Regression Analysis of Individual Financial Performance: Evidence from Croatia. Business Systems Research, 8 (2), 1-13. https://doi.org/10.1515/bsrj-2017-0012
MLA 8th Edition
Bahovec, Vlasta, et al. "The Regression Analysis of Individual Financial Performance: Evidence from Croatia." Business Systems Research, vol. 8, br. 2, 2017, str. 1-13. https://doi.org/10.1515/bsrj-2017-0012. Citirano 19.09.2020.
Chicago 17th Edition
Bahovec, Vlasta, Dajana Barbić i Irena Palić. "The Regression Analysis of Individual Financial Performance: Evidence from Croatia." Business Systems Research 8, br. 2 (2017): 1-13. https://doi.org/10.1515/bsrj-2017-0012
Harvard
Bahovec, V., Barbić, D., i Palić, I. (2017). 'The Regression Analysis of Individual Financial Performance: Evidence from Croatia', Business Systems Research, 8(2), str. 1-13. https://doi.org/10.1515/bsrj-2017-0012
Vancouver
Bahovec V, Barbić D, Palić I. The Regression Analysis of Individual Financial Performance: Evidence from Croatia. Business Systems Research [Internet]. 2017 [pristupljeno 19.09.2020.];8(2):1-13. https://doi.org/10.1515/bsrj-2017-0012
IEEE
V. Bahovec, D. Barbić i I. Palić, "The Regression Analysis of Individual Financial Performance: Evidence from Croatia", Business Systems Research, vol.8, br. 2, str. 1-13, 2017. [Online]. https://doi.org/10.1515/bsrj-2017-0012

Sažetak
Background: A large body of empirical literature indicates that gender and financial literacy are significant determinants of individual financial performance. Objectives: The purpose of this paper is to recognize the impact of the variable financial literacy and the variable gender on the variation of the financial performance using the regression analysis. Methods/Approach: The survey was conducted using the systematically chosen random sample of Croatian financial consumers. The cross section linear regression model is estimated in order to assess how gender as a dummy variable and financial literacy as an ordinal categorical variable impact financial performance. Results: The results indicate that the average value of financial performance for men is higher than the average value of financial performance for women at the same financial literacy level. Furthermore, a higher level of financially literacy is related to a higher level of financial performance. Conclusions: Both gender and financial literacy have a statistically significant impact on individual financial performance. Increasing financial literacy and understanding gender differences in terms of financial literacy and financial well-being should be of interest to financial educators in their struggles to improve financial situation of citizens and for educators to create financial education programs intended for men and women.

Ključne riječi
financial literacy; financial performance; gender; regression analysis

Hrčak ID: 187341

URI
https://hrcak.srce.hr/187341

Posjeta: 3.869 *