Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis

In today’s advance and complex financial landscape, financial literacy (FL) is essential as it does not only influence and impact upon financial decisions at the firm level but also a country’s wider financial wellbeing and socioeconomic development . This study compares the FL levels of Malaysia...

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Main Authors:	Hawati Janor, Rubayah Yakob, Noor Azuan Hashim, Zanariah, Che Aniza Che Wel
Format:	Article
Language:	English
Published:	School of Social, Development and Environmental Studies, Faculty of Social Sciences and Humanities, Universiti Kebangsaan Malaysia 2016
Online Access:	http://journalarticle.ukm.my/9817/ http://journalarticle.ukm.my/9817/ http://journalarticle.ukm.my/9817/1/10x.geografia-si-feb16-hawati-edam.pdf

id	ukm-9817
recordtype	eprints
spelling	ukm-98172016-12-14T06:50:56Z http://journalarticle.ukm.my/9817/ Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis Hawati Janor, Rubayah Yakob, Noor Azuan Hashim, Zanariah, Che Aniza Che Wel, In today’s advance and complex financial landscape, financial literacy (FL) is essential as it does not only influence and impact upon financial decisions at the firm level but also a country’s wider financial wellbeing and socioeconomic development . This study compares the FL levels of Malaysia and United Kingdom by utilising the results of the survey from the questionnaire developed by the OECD and by examining demographic and socioeconomic factors that influence the level of FL. The results show that,overall, the level of FL in both countries are low and necessary measures should be taken by the government to increase awareness of financial related matters. The literature findings also reveal that demographic, economic, social, and psychological factors are the main determinants, that some common themes appear with respect to the consequences of FL on investment decisions, demographic factors, methodology and program effectiveness, and that gaps exist in the literature of FL in Malaysia with respect to types of investment and risk tolerance, measurement of financial literacy, methodology and sources of knowledge. The study provides information that may assist in directing future research and in formuling policies and guidelines for policy makers, administrators and educators in incorporating suitable FL components in their training endeavours. School of Social, Development and Environmental Studies, Faculty of Social Sciences and Humanities, Universiti Kebangsaan Malaysia 2016-02 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/9817/1/10x.geografia-si-feb16-hawati-edam.pdf Hawati Janor, and Rubayah Yakob, and Noor Azuan Hashim, and Zanariah, and Che Aniza Che Wel, (2016) Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis. Geografia : Malaysian Journal of Society and Space, 12 (2). pp. 106-118. ISSN 2180-2491 http://www.ukm.my/geografia/v2/index.php?cont=a&item=2&thn=2016&vol=12&issue=2&ver=loc
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	In today’s advance and complex financial landscape, financial literacy (FL) is essential as it does not only influence and impact upon financial decisions at the firm level but also a country’s wider financial wellbeing and socioeconomic development . This study compares the FL levels of Malaysia and United Kingdom by utilising the results of the survey from the questionnaire developed by the OECD and by examining demographic and socioeconomic factors that influence the level of FL. The results show that,overall, the level of FL in both countries are low and necessary measures should be taken by the government to increase awareness of financial related matters. The literature findings also reveal that demographic, economic, social, and psychological factors are the main determinants, that some common themes appear with respect to the consequences of FL on investment decisions, demographic factors, methodology and program effectiveness, and that gaps exist in the literature of FL in Malaysia with respect to types of investment and risk tolerance, measurement of financial literacy, methodology and sources of knowledge. The study provides information that may assist in directing future research and in formuling policies and guidelines for policy makers, administrators and educators in incorporating suitable FL components in their training endeavours.
format	Article
author	Hawati Janor, Rubayah Yakob, Noor Azuan Hashim, Zanariah, Che Aniza Che Wel,
spellingShingle	Hawati Janor, Rubayah Yakob, Noor Azuan Hashim, Zanariah, Che Aniza Che Wel, Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis
author_facet	Hawati Janor, Rubayah Yakob, Noor Azuan Hashim, Zanariah, Che Aniza Che Wel,
author_sort	Hawati Janor,
title	Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis
title_short	Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis
title_full	Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis
title_fullStr	Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis
title_full_unstemmed	Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis
title_sort	financial literacy and investment decisions in malaysia and united kingdom: a comparative analysis
publisher	School of Social, Development and Environmental Studies, Faculty of Social Sciences and Humanities, Universiti Kebangsaan Malaysia
publishDate	2016
url	http://journalarticle.ukm.my/9817/ http://journalarticle.ukm.my/9817/ http://journalarticle.ukm.my/9817/1/10x.geografia-si-feb16-hawati-edam.pdf
first_indexed	2023-09-18T19:55:48Z
last_indexed	2023-09-18T19:55:48Z
_version_	1777406520084922368

Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis

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