2026, Vol. 7, Issue 1, Part C
Interlinkage between financial knowledge and financial behaviour
Author(s): Roopam Kumari and Ashvini Kumar
Abstract: As globalisation progresses and nations undergo swift development, the significance of financial literacy becomes more apparent in attaining enhanced economic prosperity. In the last twenty years, there has been a noticeable surge in initiatives aimed at promoting awareness regarding financial literacy in India and numerous other emerging economies globally. In light of this, the present study focuses on determining the impact of financial knowledge on financial behaviour and also assesses the prevailing level of financial knowledge among individuals. The data from 180 respondents was collected, and the results reveal a correlation coefficient of 0.619, indicating a strong positive relationship of 61.9% between the overall level of financial literacy and the financial behaviour exhibited by individuals. Additionally, the financial knowledge of individuals was found to be lacking. The insights from this study hold significance for government officials and policymakers in shaping policies and devising programs aimed at improving financial literacy.
DOI: 10.22271/27084515.2026.v7.i1c.989
Pages: 214-220 | Views: 88 | Downloads: 48
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How to cite this article:
Roopam Kumari, Ashvini Kumar. Interlinkage between financial knowledge and financial behaviour. Asian J Manage Commerce 2026;7(1):214-220. DOI: 10.22271/27084515.2026.v7.i1c.989
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