Financial Literacy of Women Faculty in Degree Colleges: Impact on Investment Decision

Abstract

Financial Literacy and Investment Decisions Among Women Teaching Faculty

Women constitute around half the world’s population, and their participation and contributions are a must for a country’s development. Financial literacy, economic and social freedom, and encouragement to form their own financial identity are essential aspects for women’s growth.

This study evaluated the financial literacy of 200 women teaching faculty working in degree colleges. The first phase of the study focused on the objective to assess the financial literacy level of working women in the context of demographic characteristics, and the second phase analyzed the role of financial literacy factors in investment decisions.

The analysis was conducted using chi-square, multiple regression, and ANOVA. The results showed a significant association between demographic factors such as age, education, and income with financial literacy, whereas marital status showed an insignificant association. This study also revealed that financial literacy factors such as financial education, financial behavior, and financial attitude have a significant impact on investment decisions, whereas financial capabilities and financial information factors have a moderate impact on investment decisions.

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