Investigation Effect of Financial Literacy and Money Management on Personal Financial Management of Tehran stock exchange investors

Author(s):
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
The purpose of this research is to study the role of financial literacy and money management on personal financial management of Tehran Stock Exchange investors. This research, in terms of type, is a descriptive survey and is a quantitative and applied research that has been implemented cross-sectionally. The statistical population of this study was investors in the Tehran Stock Exchange. The Morgan table used 384 people as sample by simple random sampling method. The data gathering tool was a standard questionnaire for financial literacy, money management and personal finance management. Validity of the questionnaires was assessed through factor validity and their reliability through Cronbach's alpha. Data were analyzed using partial least squares and Smart Pialas software. The findings of this study confirm the significant effect of financial literacy and money management and their components on personal financial management of Tehran Stock Exchange investors. The evidence did not show any indirect effect.
Language:
Persian
Published:
Financial Knowledge of Securities Analysis, Volume:11 Issue: 38, 2018
Pages:
145 to 163
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