Date of Publication

9-23-2021

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management Department

Thesis Advisor

Dioscoro P. Baylon, Jr.

Defense Panel Chair

Rene B. Betita

Defense Panel Member

Melvin Jason De Vera

Abstract/Summary

This study focused on the impact of financial literacy, attitude, and behavior on financial well-being among 226 Filipino respondents residing in Metro Manila. Theories such as behavioral finance, financial planning, life-span development, and financial psychology expounds on the direct, indirect, and mediating effect of financial attitude and financial behavior on the relationship between financial literacy and financial well-being. The following instruments were used: Financial Quantitative Literacy Assessment for Financial Literacy (Nye and Hillyard, 2013), The Financial Management Behavior Scale (FMBS) for Financial Behavior, Financial Management Attitude Scale for Financial Attitude, and CFPB (Consumer Financial Protection Bureau) Financial Well-Being Scale for Financial Well-Being. A confirmatory factor analysis was utilized to evaluate the validity of factor loadings. Also, Structural Equation Modeling (SEM) approach was performed to generate a path analysis relating the above-mentioned variables. The study showed that financial literacy, attitude, and behavior were significant predictors of financial well-being. It also showed that both financial attitude and behavior partially mediated the relationship between financial literacy and financial well-being.

Keywords: Financial Literacy, Financial Attitude, Financial Behavior, Financial Well-Being, Structural Equation Modelling

Abstract Format

html

Language

English

Format

Electronic

Physical Description

ii, 200, [21] leaves

Keywords

Financial literacy--Philippines--Metro Manila; Financial security--Philippines--Metro Manila

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Embargo Period

9-22-2021

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