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The effects of perceived and actual financial knowledge on regular personal savings: Case of Vietnam

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dc.title The effects of perceived and actual financial knowledge on regular personal savings: Case of Vietnam en
dc.contributor.author Nguyen, Thi Anh Nhu
dc.contributor.author Rózsa, Zoltán
dc.contributor.author Belás, Jaroslav
dc.contributor.author Belásová, Ľudmila
dc.relation.ispartof Journal of International Studies
dc.identifier.issn 2071-8330 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2017
utb.relation.volume 10
utb.relation.issue 2
dc.citation.spage 278
dc.citation.epage 291
dc.type article
dc.language.iso en
dc.publisher Centre of Sociological Research
dc.identifier.doi 10.14254/2071-8330.2017/10-2/19
dc.relation.uri http://www.jois.eu/?347,en_the-effects-of-perceived-and-actual-financial-knowledge-on-regular-personal-savings-case-of-vietnam
dc.subject Actual financial knowledge en
dc.subject Financial literacy en
dc.subject Perceived financial knowledge en
dc.subject Saving behaviour en
dc.description.abstract 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. © Foundation of International Studies and CSR, 2017. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007508
utb.identifier.obdid 43876606
utb.identifier.scopus 2-s2.0-85029926401
utb.source j-scopus
dc.date.accessioned 2017-10-16T14:43:40Z
dc.date.available 2017-10-16T14:43:40Z
dc.rights Attribution 3.0 Unported
dc.rights.uri https://creativecommons.org/licenses/by/3.0/
dc.rights.access openAccess
utb.contributor.internalauthor Nguyen, Thi Anh Nhu
utb.contributor.internalauthor Belás, Jaroslav
utb.fulltext.affiliation Thi Anh Nhu Nguyen Tomas Bata University in Zlin, Zlin, Czech Republic Email: anhnhu80@gmail.com Zoltán Rózsa School of Economics and Management in Public Administration in Bratislava, Bratislava, Slovak Republic Email: zoltan@rozsa.sk Jaroslav Belás Tomas Bata University in Zlin, Zlin, Czech Republic Email: belas111@gmail.com Ľudmila Belásová University of Presov Presov, Slovak Republic Email: ludmila.belasova@unipo.sk
utb.fulltext.dates Received: October, 2016 1st Revision: March, 2017 Accepted: May, 2017
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utb.fulltext.sponsorship The authors are thankful to the Internal Grant Agency of FAME TBU No. IGA/FaME/2017/010: Financial Constraints on Economic Activities, for financial support to carry out this research.
utb.scopus.affiliation Tomas Bata University in Zlin, Zlin, Czech Republic; School of Economics and Management in Public Administration in Bratislava, Bratislava, Slovakia; University of Presov, Presov, Slovakia
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