Measuring Financial Literacy of University Academics

LA I Arthasad, R P C R Rajapakse

Abstract


This research analyzed Financial Literacy among University lecturers. A sample of 132academics were selected from thelargest university in the national university system in Sri Lanka to collect data using a structured questionnaire, consisting of 44 questions. Main objective of the study was to measure the level of basic financial literacy of university academics.The study found that the, overall financial literacy of the academics (68.52%) is at a medium level. The knowledge aspect, which was 75.9% is at a medium level, the attitudes aspect, which was 69.7% is also at a medium level. The level of desirable financial behavior of the academics is at a low level of 59.96%.  An important observation is that, although, knowledge and attitudes aspects are at a medium level, behavior aspect is at a low level. This suggests that financial knowledge and attitudes of the academics are not fully reflected in their financial behavior. Thus, a behavioral change in academics is needed where they would fully reflect their knowledge and attitudes in their behavior.


Full Text:

PDF

Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 Edupedia Publications Pvt Ltd

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Publisher

EduPedia Publications Pvt Ltd, D-351, Prem Nagar-2, Suleman Nagar, Kirari, Nagloi, New Delhi PIN-Code 110086, India Through Phone Call us now: +919958037887 or +919557022047

All published Articles are Open Access at https://edupediapublications.org/journals/


Paper submission: editor@edupediapublications.com or edupediapublications@gmail.com

Editor-in-Chief       editor@edupediapublications.com

Mobile:                  +919557022047 & +919958037887

Websites   https://edupediapublications.org/journals/.

Journals Maintained and Hosted by

EduPedia Publications (P) Ltd in Association with Other Institutional Partners

http://edupediapublications.org/

Pen2Print and IJR are registered trademark of the Edupedia Publications Pvt Ltd.