Research Article
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DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN

Year 2025, Issue: 66, 97 - 116, 20.01.2025
https://doi.org/10.30794/pausbed.1509234

Abstract

Since financial literacy is seen as a skill that can be acquired through educational programs, determining the financial literacy of the Faculty of Economics and Administrative Sciences, which have a good command of financial concepts and practices, is the main purpose of this research. According to the t-test results for independent samples for whether financial literacy rates and scale sub-dimensions differ on the basis of gender for each country, it was determined that there is a significant and positive difference on the basis of gender; also, according to the results of analysis for whether it differs on the basis of age for each country, it was found that there is a significant difference on the basis of age in terms of knowledge on economy, economic rationality, and social-economic reflections, and the individual economy sub-dimension was statistically different for Kazakhstan, and the social economic reflections dimension was different for Kyrgyzstan in terms of different age groups. The findings of the study can contribute to the identification of needs in order to design long-term education programs.

References

  • Akben, S., Altiok-Y. A. (2014) Financial literacy among Turkish college students: The role of formal education, learning approaches and parental teaching. Psychological Reports, 115(2), 351-371.
  • Alkaya, A., Yağlı, İ. (2015) Finansal Okuryazarlık- finansal bilgi, davranış ve tutum: Nevşehir Hacı Bektaş Veli Üniversitesi İİBF öğrencileri üzerine bir uygulama. Uluslararası Sosyal Araştırmalar Dergisi, 8(40), 585-599.
  • Ansong, A., Gyensare, M.A. (2012) Determinants of university working-students’ financial literacy at the University of Cape Coast, Ghana. International Journal of Business and Management, 7(9), 126-133.
  • Bilici, M. R., Çevik, S. (2023). Financial literacy and cash holdings in Türkiye. Central Bank Review, 23(4), 100129.
  • Biçer, E.B., Altan, F. (2016) Üniversite öğrencilerinin finansal okuryazarlık ile ilgili tutum ve davranışlarının değerlendirilmesi. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 20(4), 1501-1517.
  • Coşkun, S. (2016). Üniversite öğrencilerinin finansal davranış ve tutumlarının belirlenmesi: Finansal okuryazarlık algıları üzerine bir araştırma. İnsan ve Toplum Bilimleri Araştırmaları Dergisi, 5(2): 2247-2258.
  • Cull, M., Whitton, D. (2011) University students’ financial literacy levels: obstacles and aids. The Economic and Labour Relations Review, 22(1), 99–114.
  • Frączek, B., Klimontowicz, M. (2015). Financial literacy and its influence on young customers’ decision factors. Journal of Innovation Management, 3(1), 62-84.
  • Hasan, M., Le, T., Hoque, A. (2021). How does financial literacy impact on inclusive finance?. Financial Innovation, 7(1), 40.
  • Kılıç, Y., Ata, A., Seyrek, İ.H. (2015). Finansal okuryazarlık: Üniversite öğrencilerine yönelik bir araştırma. Muhasebe ve Finansman Dergisi, 66, 129-150.
  • Kimiyaghalam, F., Safari, M. (2015). Review papers on definition of financial literacy and its measurement. SEGi Review, 8, 81-94.
  • Liu, L., Zhang, H. (2021). Financial literacy, self-efficacy and risky credit behavior among college students: Evidence from online consumer credit. Journal of Behavioral and Experimental Finance, 32, 100569.
  • Lusardi, A., Hasler, A., Yakoboski, P. J. (2021). Building up financial literacy and financial resilience. Mind & Society, 20, 181-187.
  • Lusardi, A., Mitchell, O.S. (2007). Financial literacy and retirement preparedness: evidence and implications for financial education. Business Economics, 42(1), 35-44.
  • Lusardi, A., Mitchell, O. S. (2023). The importance of financial literacy: Opening a new field. Journal of Economic Perspectives, 37(4), 137-154.
  • Lusardi, A., Streeter, J. L. (2023). Financial literacy and financial well-being: Evidence from the US. Journal of Financial Literacy and Wellbeing, 1(2), 169-198.
  • Mändmaa, S. (2019). Analyzing the factors influencing university students' financial literacy. International Journal for Innovation Education and Research, 7(7), 1-27.
  • Mitchell, O. S., Lusardi, A. (2022). Financial literacy and financial behavior at older ages. In The Routledge Handbook of the Economics of Ageing (pp. 553-565). Routledge.
  • OECD (2014). PISA 2012 results: Students and money (Volume VI): Financial literacy skills for the 21st century. OECD & PISA Publishing. Çevrimiçi: http://www.oecd.org/pisa/keyfindings/PISA-2012-results-volume-vi.pdf (Erişim 10 Aralık 2019)
  • OECD (2023). OECD/INFE 2023 International Survey of Adult Financial Literacy. Çevrimiçi: https://www.oecd.org/en/publications/oecd-infe-2023-international-survey-of-adult-financial-literacy_56003a32-en.html (Erişim 20 Eylül 2024).
  • Ouachani, S., Belhassine, O., Kammoun, A. (2021). Measuring financial literacy: A literature review. Managerial Finance, 47(2), 266-281.
  • Özdemir, A., Temizel, F., Sönmez, H., Er, F. (2015). Financial literacy of university students: A case study for Anadolu University Turkey, Uluslararası Yönetim İktisat ve İşletme Dergisi, 11(24), 97-110.
  • Sarıgül, H. (2014). A Survey of financial literacy among university students. Muhasebe ve Finansman Dergisi, 64, 207-224.
  • Selçuk, E.A. (2015). Factors influencing college students’ financial behaviors in Turkey: evidence from a national survey. International Journal of Economics and Finance, 7(6), 87-95.
  • Sevim, N., Temizel, F., Sayılır, Ö. (2012). The effects of financial literacy on the borrowing behaviour of Turkish financial consumers. International Journal of Consumer Studies, 36, 573-579.
  • Shahrabani, S. (2013). Financial literacy among Israeli college students. Journal of College Student Development, 54(4), 439–446.
  • S&P (2024). S&P Global Finlit Survey. Çevrimiçi: https://gflec.org/initiatives/sp-global-finlit-survey/ Çevrimiçi: https://gflec.org/initiatives/sp-global-finlit-survey/ (Erişim 20 Eylül 2024).
  • Şahin, M., Barış, S. (2017). Finansal okuryazarlık ve tasarruf davranışları: Kamu çalışanları üzerine bir inceleme. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 7(2), 22-103.
  • Xu, L., Zia, B. (2012). Financial Literacy around the World An Overview of the Evidence with practical suggestions for the way forward. World Bank Policy Research Working Paper. Çevrimiçi: http://documents.worldbank.org/curated/en/264001468340889422/Financial-literacy-around-the-world-an-overview-of-the-evidence-with-practical-suggestions-for-the-way-forward (Erişim 10 Aralık 2019)
  • Zait, A., Bertea, P.E. (2014). Financial literacy-Conceptual definition and proposed approach for a measurement instrument. Journal of Accounting and Management, 4(3), 37-42.

İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ ÖĞRENCİLERİNİN FİNANSAL OKURYAZARLIK DÜZEYLERİNİN BELİRLENMESİ: TÜRKİYE, KAZAKİSTAN VE KIRGIZİSTAN ÜZERİNE BİR ARAŞTIRMA

Year 2025, Issue: 66, 97 - 116, 20.01.2025
https://doi.org/10.30794/pausbed.1509234

Abstract

Finansal okuryazarlık, eğitim programları aracılığıyla edinilebilen bir beceri olarak görüldüğünden, finansal kavram ve uygulamalara hakim olan İktisadi ve İdari Bilimler Fakültesi öğrencilerinin finansal okuryazarlıklarını belirlemek bu araştırmanın temel amacıdır. Her ülke için finansal okuryazarlık oranlarının ve ölçek alt boyutlarının cinsiyete göre farklılaşıp farklılaşmadığına ilişkin bağımsız örneklemler için t-testi sonuçlarına göre, cinsiyete göre anlamlı ve pozitif bir fark olduğu; ayrıca her ülke için yaşa göre farklılaşıp farklılaşmadığına ilişkin analiz sonuçlarına göre, ekonomi bilgisi, ekonomik rasyonalite ve sosyo-ekonomik yansımalar açısından yaşa göre anlamlı bir fark olduğu, bireysel ekonomi alt boyutunun farklı yaş grupları açısından Kazakistan için, sosyo-ekonomik yansımalar boyutunun ise Kırgızistan için istatistiksel olarak farklı olduğu bulunmuştur. Çalışmanın bulguları, uzun vadeli eğitim programları tasarlamak için ihtiyaçların belirlenmesine katkı sağlayabilir.

References

  • Akben, S., Altiok-Y. A. (2014) Financial literacy among Turkish college students: The role of formal education, learning approaches and parental teaching. Psychological Reports, 115(2), 351-371.
  • Alkaya, A., Yağlı, İ. (2015) Finansal Okuryazarlık- finansal bilgi, davranış ve tutum: Nevşehir Hacı Bektaş Veli Üniversitesi İİBF öğrencileri üzerine bir uygulama. Uluslararası Sosyal Araştırmalar Dergisi, 8(40), 585-599.
  • Ansong, A., Gyensare, M.A. (2012) Determinants of university working-students’ financial literacy at the University of Cape Coast, Ghana. International Journal of Business and Management, 7(9), 126-133.
  • Bilici, M. R., Çevik, S. (2023). Financial literacy and cash holdings in Türkiye. Central Bank Review, 23(4), 100129.
  • Biçer, E.B., Altan, F. (2016) Üniversite öğrencilerinin finansal okuryazarlık ile ilgili tutum ve davranışlarının değerlendirilmesi. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 20(4), 1501-1517.
  • Coşkun, S. (2016). Üniversite öğrencilerinin finansal davranış ve tutumlarının belirlenmesi: Finansal okuryazarlık algıları üzerine bir araştırma. İnsan ve Toplum Bilimleri Araştırmaları Dergisi, 5(2): 2247-2258.
  • Cull, M., Whitton, D. (2011) University students’ financial literacy levels: obstacles and aids. The Economic and Labour Relations Review, 22(1), 99–114.
  • Frączek, B., Klimontowicz, M. (2015). Financial literacy and its influence on young customers’ decision factors. Journal of Innovation Management, 3(1), 62-84.
  • Hasan, M., Le, T., Hoque, A. (2021). How does financial literacy impact on inclusive finance?. Financial Innovation, 7(1), 40.
  • Kılıç, Y., Ata, A., Seyrek, İ.H. (2015). Finansal okuryazarlık: Üniversite öğrencilerine yönelik bir araştırma. Muhasebe ve Finansman Dergisi, 66, 129-150.
  • Kimiyaghalam, F., Safari, M. (2015). Review papers on definition of financial literacy and its measurement. SEGi Review, 8, 81-94.
  • Liu, L., Zhang, H. (2021). Financial literacy, self-efficacy and risky credit behavior among college students: Evidence from online consumer credit. Journal of Behavioral and Experimental Finance, 32, 100569.
  • Lusardi, A., Hasler, A., Yakoboski, P. J. (2021). Building up financial literacy and financial resilience. Mind & Society, 20, 181-187.
  • Lusardi, A., Mitchell, O.S. (2007). Financial literacy and retirement preparedness: evidence and implications for financial education. Business Economics, 42(1), 35-44.
  • Lusardi, A., Mitchell, O. S. (2023). The importance of financial literacy: Opening a new field. Journal of Economic Perspectives, 37(4), 137-154.
  • Lusardi, A., Streeter, J. L. (2023). Financial literacy and financial well-being: Evidence from the US. Journal of Financial Literacy and Wellbeing, 1(2), 169-198.
  • Mändmaa, S. (2019). Analyzing the factors influencing university students' financial literacy. International Journal for Innovation Education and Research, 7(7), 1-27.
  • Mitchell, O. S., Lusardi, A. (2022). Financial literacy and financial behavior at older ages. In The Routledge Handbook of the Economics of Ageing (pp. 553-565). Routledge.
  • OECD (2014). PISA 2012 results: Students and money (Volume VI): Financial literacy skills for the 21st century. OECD & PISA Publishing. Çevrimiçi: http://www.oecd.org/pisa/keyfindings/PISA-2012-results-volume-vi.pdf (Erişim 10 Aralık 2019)
  • OECD (2023). OECD/INFE 2023 International Survey of Adult Financial Literacy. Çevrimiçi: https://www.oecd.org/en/publications/oecd-infe-2023-international-survey-of-adult-financial-literacy_56003a32-en.html (Erişim 20 Eylül 2024).
  • Ouachani, S., Belhassine, O., Kammoun, A. (2021). Measuring financial literacy: A literature review. Managerial Finance, 47(2), 266-281.
  • Özdemir, A., Temizel, F., Sönmez, H., Er, F. (2015). Financial literacy of university students: A case study for Anadolu University Turkey, Uluslararası Yönetim İktisat ve İşletme Dergisi, 11(24), 97-110.
  • Sarıgül, H. (2014). A Survey of financial literacy among university students. Muhasebe ve Finansman Dergisi, 64, 207-224.
  • Selçuk, E.A. (2015). Factors influencing college students’ financial behaviors in Turkey: evidence from a national survey. International Journal of Economics and Finance, 7(6), 87-95.
  • Sevim, N., Temizel, F., Sayılır, Ö. (2012). The effects of financial literacy on the borrowing behaviour of Turkish financial consumers. International Journal of Consumer Studies, 36, 573-579.
  • Shahrabani, S. (2013). Financial literacy among Israeli college students. Journal of College Student Development, 54(4), 439–446.
  • S&P (2024). S&P Global Finlit Survey. Çevrimiçi: https://gflec.org/initiatives/sp-global-finlit-survey/ Çevrimiçi: https://gflec.org/initiatives/sp-global-finlit-survey/ (Erişim 20 Eylül 2024).
  • Şahin, M., Barış, S. (2017). Finansal okuryazarlık ve tasarruf davranışları: Kamu çalışanları üzerine bir inceleme. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 7(2), 22-103.
  • Xu, L., Zia, B. (2012). Financial Literacy around the World An Overview of the Evidence with practical suggestions for the way forward. World Bank Policy Research Working Paper. Çevrimiçi: http://documents.worldbank.org/curated/en/264001468340889422/Financial-literacy-around-the-world-an-overview-of-the-evidence-with-practical-suggestions-for-the-way-forward (Erişim 10 Aralık 2019)
  • Zait, A., Bertea, P.E. (2014). Financial literacy-Conceptual definition and proposed approach for a measurement instrument. Journal of Accounting and Management, 4(3), 37-42.
There are 30 citations in total.

Details

Primary Language English
Subjects Finance and Investment (Other), Auditing and Accountability, Financial Accounting
Journal Section Research Article
Authors

Emin Yürekli 0000-0001-7845-0878

Bilal Solak 0000-0002-7804-2038

Early Pub Date January 20, 2025
Publication Date January 20, 2025
Submission Date July 3, 2024
Acceptance Date December 1, 2024
Published in Issue Year 2025 Issue: 66

Cite

APA Yürekli, E., & Solak, B. (2025). DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi(66), 97-116. https://doi.org/10.30794/pausbed.1509234
AMA Yürekli E, Solak B. DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN. PAUSBED. January 2025;(66):97-116. doi:10.30794/pausbed.1509234
Chicago Yürekli, Emin, and Bilal Solak. “DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN”. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, no. 66 (January 2025): 97-116. https://doi.org/10.30794/pausbed.1509234.
EndNote Yürekli E, Solak B (January 1, 2025) DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 66 97–116.
IEEE E. Yürekli and B. Solak, “DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN”, PAUSBED, no. 66, pp. 97–116, January 2025, doi: 10.30794/pausbed.1509234.
ISNAD Yürekli, Emin - Solak, Bilal. “DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN”. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 66 (January 2025), 97-116. https://doi.org/10.30794/pausbed.1509234.
JAMA Yürekli E, Solak B. DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN. PAUSBED. 2025;:97–116.
MLA Yürekli, Emin and Bilal Solak. “DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN”. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, no. 66, 2025, pp. 97-116, doi:10.30794/pausbed.1509234.
Vancouver Yürekli E, Solak B. DETERMINING THE FINANCIAL LITERACY LEVELS OF STUDENTS OF THE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES: A RESEARCH ON TURKEY, KAZAKHSTAN, AND KYRGYZSTAN. PAUSBED. 2025(66):97-116.