NotesFAQContact Us
Search Tips
Peer reviewed Peer reviewed
PDF on ERIC Download full text
ERIC Number: EJ1053625
Record Type: Journal
Publication Date: 2014
Pages: 8
Abstractor: As Provided
ISSN: ISSN-1942-2504
The Effects of Financial Education and Networks on Business Students' Financial Literacy
Chung, Yunhyung; Park, Youngkyun
American Journal of Business Education, v7 n3 p229-236 2014
This study investigates the joint effects of financial education and educational networks on students' financial literacy. With a sample (N = 105) of senior students in a business college, the study finds that not only financial education, but also strong networks with professors, are positively related to the financial literacy of business students. After controlling for financial education, the results reveal that students' educational network strength is positively associated with their financial literacy. On the contrary, students' personal networks are not significantly related to their financial literacy. This paper contributes to the literature on financial literacy by showing that individuals' financial networks with faculty, as well as financial education, can influence their financial literacy.
Clute Institute. 6901 South Pierce Street Suite 239, Littleton, CO 80128. Tel: 303-904-4750; Fax: 303-978-0413; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A