hrcak mascot   Srce   HID

Original scientific paper
https://doi.org/10.17535/crorr.2018.0008

Measuring financial literacy of university students

Ana Pavković   ORCID icon orcid.org/0000-0003-0567-7558 ; Faculty of Economics and Business, University of Zagreb
Mihovil Anđelinović ; Faculty of Economics and Business, University of Zagreb
Domagoj Mišević   ORCID icon orcid.org/0000-0002-1137-8143 ; Faculty of Economics and Business, University of Zagreb

Fulltext: english, pdf (3 MB) pages 87-97 downloads: 532* cite
APA 6th Edition
Pavković, A., Anđelinović, M. & Mišević, D. (2018). Measuring financial literacy of university students. Croatian Operational Research Review, 9 (1), 87-97. https://doi.org/10.17535/crorr.2018.0008
MLA 8th Edition
Pavković, Ana, et al. "Measuring financial literacy of university students." Croatian Operational Research Review, vol. 9, no. 1, 2018, pp. 87-97. https://doi.org/10.17535/crorr.2018.0008. Accessed 29 Sep. 2021.
Chicago 17th Edition
Pavković, Ana, Mihovil Anđelinović and Domagoj Mišević. "Measuring financial literacy of university students." Croatian Operational Research Review 9, no. 1 (2018): 87-97. https://doi.org/10.17535/crorr.2018.0008
Harvard
Pavković, A., Anđelinović, M., and Mišević, D. (2018). 'Measuring financial literacy of university students', Croatian Operational Research Review, 9(1), pp. 87-97. https://doi.org/10.17535/crorr.2018.0008
Vancouver
Pavković A, Anđelinović M, Mišević D. Measuring financial literacy of university students. Croatian Operational Research Review [Internet]. 2018 [cited 2021 September 29];9(1):87-97. https://doi.org/10.17535/crorr.2018.0008
IEEE
A. Pavković, M. Anđelinović and D. Mišević, "Measuring financial literacy of university students", Croatian Operational Research Review, vol.9, no. 1, pp. 87-97, 2018. [Online]. https://doi.org/10.17535/crorr.2018.0008

Abstracts
Defining and properly measuring financial literacy of students is a prerequisite for proposing education policy solutions. The main objective of this paper is to present a procedure of financial literacy assessment. The measure is based on the results of the survey conducted on a suitable sample of students at the University of Zagreb. It is developed using confirmatory factor analysis, which involves testing the validity of a measurement model. This model consists of four manifest variables: Knowledge, Attitudes, Behavior and Practical Knowledge, which are used to estimate a composite measure of financial literacy. The results of factor analysis were later used for obtaining the corresponding weights of indicators of financial literacy. The estimated measure indicates great heterogeneity in the level of financial literacy among students from different constituent units of the University of Zagreb.

Keywords
financial literacy; confirmatory factor analysis; students; maximum likelihood estimation; eigenvector method

Hrčak ID: 203989

URI
https://hrcak.srce.hr/203989

Visits: 968 *