The effect of financial literacy on financial inclusion, social capital, and cognition on beginner and experienced investor

Setiadi, Maria Brigita Berliana and Murhadi, Werner Ria and Marciano, Deddy (2024) The effect of financial literacy on financial inclusion, social capital, and cognition on beginner and experienced investor. Journal of Business and Banking, 13 (2). pp. 269-286. ISSN 2088-7841; E-ISSN 2303-3460

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Abstract

This study examines how Þ nancial literacy affects Þ nancial inclusion, social capital, and cognition in stock investors. Prospective investors or investors can manage per-sonal Þ nances in the future. This research involves many samples with cross-sectional data. This research consists of the independent variables, Þ nancial literacy, and the dependent variables consist of Þ nancial inclusion, social capital, and cognition. The dependent variable of Þ nancial inclusion consists of access, quality, usage, and welfare; social capital consists of the dimensions of collective action, bonding, bridging and trust, and cognition. The independent variable of Þ nancial literacy consists of the dimensions of skill, behavior, knowledge, and attitude. The collected respondents were taken from 165 respondents, and they were analyzed using the structural equation modeling. After processing the data, it shows that the effect of Þ nancial literacy and cognition on Þ nancial inclusion is supported, and Þ nancial literacy on social capital cognition is supported. Meanwhile, social capital towards inclusion literacy needs to be supported. Based on the results, stock investors must be more careful in choosing investment products/institutions to avoid fraud.

Item Type:	Article
Uncontrolled Keywords:	Financial literacy, Financial inclusion, Social capital, Cognition
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Werner R. Murhadi 31124
Date Deposited:	15 Jul 2024 01:39
Last Modified:	15 Jul 2024 01:39
URI:	http://repository.ubaya.ac.id/id/eprint/46716

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