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Abstrakty
The paper examines the factors, which affect decision-making on regular personal saving behaviour in the context of an emerging market in Vietnam. Focusing on financial literacy, the paper uses a combined measure of actual financial knowledge and a self-assessment of overall financial knowledge. The sample of the study consists of 240 commercial banks customers selected in 12 branches of four banks in Ho Chi Minh City. The questionnaire covers: (1) actual financial knowledge; (2) self-rating of financial knowledge; (3) financial risk tolerance; and (4) demographic characteristics of the respondents. The results of a logistic regression analysis show that perceived and actual financial literacy have separate effects on regular personal saving. Particularly, actual financial knowledge has a statistically significant positive relationship with regular personal saving with odds ratio higher than 6.5 times. However, perceived financial knowledge and financial risk tolerance factor are not statistically significant with regular personal saving. Finally, this paper offers evidence that the interaction variable, which is used to combine education level with their major study, has a statistically significant relationship with regular personal saving. (original abstract)
Czasopismo
Rocznik
Tom
Numer
Strony
278-291
Opis fizyczny
Twórcy
autor
- Tomas Bata University in Zlin, Zlin, Czech Republic
autor
- School of Economics and Management in Public Administration in Bratislava, Bratislava, Slovak Republic
autor
- Tomas Bata University in Zlin, Zlin, Czech Republic
autor
- University of Presov, Presov, Slovak Republic
Bibliografia
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
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