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Refine your search Apply to external sourcesEffect of financial literacy on retirement preparedness among Nepalese commercial bank employees / Khem Raj Dahal
Title : Effect of financial literacy on retirement preparedness among Nepalese commercial bank employees Material Type: printed text Authors: Khem Raj Dahal, Author Publication Date: 2018 Pagination: 114p. Size: GRP/Thesis Accompanying material: 11/B Languages : English Descriptors: Financial literacy Class number: 374.10 Abstract: Financial literacy is one understands and knowledge of the financial concepts. The ability to manage personal finances has become increasingly important in today’s world. People must plan for long term investments for their retirement and their children’s health and education. Financial knowledge includes perceived knowledge, actual knowledge and financial skill. Financial literacy consists in the knowledge and understanding of financial concepts as well as the capacity to apply them in order to make effective decisions across a range of financial contexts, improving the financial wellbeing of the society. Financial literacy is a measure of the degree to which one understands key financial concepts and possesses the ability and confidence to manage personal finances through appropriate decision and planning. Increasing financial literacy and capability promotes better financial decision making. Thus, enabling better planning and management of life events such as education, saving for health, purchase of house and land, retirement etc. this is particularly more relevant for bank employees.
The study is based on primary data. The questionnaire survey is conducted to know level of financial literacy among commercial bank employees in Nepal. A set of questionnaire was prepared and distributed to the random employees from different commercial banks. The questions were designed to get the views, related information from the respondents. Data were collected using well formulated and structured questionnaires. The respondents represent 172 employees from 20 commercial banks working in various departments, having different work experience, different age groups and the different educational level. Descriptive statistics, correlation coefficient and regression method is applied to estimate the relationship between dependent variable i.e. retirement planning with independent variables i.e. age, gender, education, income, basic financial literacy and advance financial literacy. The collected data has been processed with the use of SPSS statistical package. Therefore, different statistical tests of significance for validation of model such as t-test, F-test and R-square test were also used.
The study found that financial literacy affects the retirement planning of the commercial bank employees. The result shows that there is a positive relationship between age and retirement planning. It indicates that higher the age of employee, higher would be the planning for retirement. Likewise, the result shows that there is a positive relationship between education and retirement planning. It indicates that higher the education, higher would be the retirement planning. The study also shows that level of income is positively related to retirement planning, which indicates that increase in income level leads to increase in retirement planning. Similarly, the study reveals that financial literacy is positively related to the retirement planning. It indicates that higher the level of financial literacy, higher would be the retirement planning. The regression results also show that age, education, level of income, basic financial literacy and advance financial literacy have positive impact on retirement planning. However, the results are significant only for age, basic financial literacy and advance financial literacy at 5 percent level. On the basis of analysis, the study concludes that financial literacy followed by age are the major factors influencing the retirement planning of employee in Nepalese commercial banks
Effect of financial literacy on retirement preparedness among Nepalese commercial bank employees [printed text] / Khem Raj Dahal, Author . - 2018 . - 114p. ; GRP/Thesis + 11/B.
Languages : English
Descriptors: Financial literacy Class number: 374.10 Abstract: Financial literacy is one understands and knowledge of the financial concepts. The ability to manage personal finances has become increasingly important in today’s world. People must plan for long term investments for their retirement and their children’s health and education. Financial knowledge includes perceived knowledge, actual knowledge and financial skill. Financial literacy consists in the knowledge and understanding of financial concepts as well as the capacity to apply them in order to make effective decisions across a range of financial contexts, improving the financial wellbeing of the society. Financial literacy is a measure of the degree to which one understands key financial concepts and possesses the ability and confidence to manage personal finances through appropriate decision and planning. Increasing financial literacy and capability promotes better financial decision making. Thus, enabling better planning and management of life events such as education, saving for health, purchase of house and land, retirement etc. this is particularly more relevant for bank employees.
The study is based on primary data. The questionnaire survey is conducted to know level of financial literacy among commercial bank employees in Nepal. A set of questionnaire was prepared and distributed to the random employees from different commercial banks. The questions were designed to get the views, related information from the respondents. Data were collected using well formulated and structured questionnaires. The respondents represent 172 employees from 20 commercial banks working in various departments, having different work experience, different age groups and the different educational level. Descriptive statistics, correlation coefficient and regression method is applied to estimate the relationship between dependent variable i.e. retirement planning with independent variables i.e. age, gender, education, income, basic financial literacy and advance financial literacy. The collected data has been processed with the use of SPSS statistical package. Therefore, different statistical tests of significance for validation of model such as t-test, F-test and R-square test were also used.
The study found that financial literacy affects the retirement planning of the commercial bank employees. The result shows that there is a positive relationship between age and retirement planning. It indicates that higher the age of employee, higher would be the planning for retirement. Likewise, the result shows that there is a positive relationship between education and retirement planning. It indicates that higher the education, higher would be the retirement planning. The study also shows that level of income is positively related to retirement planning, which indicates that increase in income level leads to increase in retirement planning. Similarly, the study reveals that financial literacy is positively related to the retirement planning. It indicates that higher the level of financial literacy, higher would be the retirement planning. The regression results also show that age, education, level of income, basic financial literacy and advance financial literacy have positive impact on retirement planning. However, the results are significant only for age, basic financial literacy and advance financial literacy at 5 percent level. On the basis of analysis, the study concludes that financial literacy followed by age are the major factors influencing the retirement planning of employee in Nepalese commercial banks
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Barcode Call number Media type Location Section Status 445/D 374.10 DAH Books Uniglobe Library Social Sciences Available
Title : Financial literacy and stock market participation: a case of NEPSE Material Type: printed text Authors: Pradeep Khanal, Author Pagination: 97p. Size: GRP/Thesis Accompanying material: 9/B Languages : English Descriptors: Financial literacy Class number: 374.10 Abstract: From the past few years, it has been seen that Nepalese stock market has reached to unprecedented levels of growth. There are numerous investors who are having their shares in this market. Billions of investments in this market have made it a matter of concern for those aspiring investors as to how this stock market functions. In this regard, the financial literacy of the participants of Nepalese stock market is of due importance. There have been numerous evidences of developed countries in which the financial literacy of the citizens has a major impact on the type and level of economic activity in that country. However, despite of several empirical evidences, financial literacy issues are still unsolved in context of Nepalese stock market although numerous attempts are made each year. So determining the impact of financial literacy in the stock market participation among the investors of NEPSE has always been a crucial issue for every Nepalese investor, individual or institutional. Therefore, this study attempts to identify the relationship between the level of market participation and various determinants of financial literacy such as financial attitude, financial behaviour, financial influence and financial knowledge among the members of Nepalese stock market. The relationship between financial literacy and stock market participation has been widely analyzed. Stock market participation are assumed as outcomes and these are the dependent variables. Financial behaviour, financial attitude, financial influence and financial knowledge are the independent financial literacy variables. The main objective of the study is to examine the relationship between the financial literacy and stock market participation among the members of stock market of Nepal. The other specific objectives are to analyse the financial knowledge, attitude and behaviour of members of NEPSE based on their stock market participation, to examine how adults’ financial knowledge and attitudes are correlated with financial behaviour, to examine the relationship between the participant’s income and financial knowledge, to analyse the correlation between financial attitude and financial knowledge of participants of stock market.
The primary source of data is used to assess the opinion of respondents with respect to the variables used in the research. The survey is based on 205 respondents from different walks of life having a DMAT account. The questions were asked in the form of Likert scale questions, rank questions and multiple choice questions. There are different variables that are measured in a 5 point likert scale. The proxies of financial literacy are financial behaviour, financial attitude, financial influence and financial knowledge. The weighted mean of the each variable were used to examine the relationship of financial literacy and stock market participation of the respondents. For the fact finding of the study primary data was analyzed by using percentage frequency distribution and methods such as correlation analysis and regression analysis.
The result of the study shows that there is a positive relationship between financial literacy and stock market participation among the participants of NEPSE. This means that an enhancement in any of the financial attitude, financial behaviour, financial influence, and financial knowledge leads to increase in stock market participation of respondents. Financial behaviour is the most important factor affecting the market participation of the respondents.
The study found that the respondents have a high level of knowledge in time value of money, money illusion, banking, numeracy, share market, credits, compound interest, inflation, insurance, net worth, followed by least knowledge on taxes. Similarly, it was found that the respondents with different demographic background such as age, gender, marital status, academic qualification, monthly personal income, etc and personality characteristics like financial attitude, financial behaviour, financial influence have different level of financial knowledge. Therefore, it is concluded that stock market participation varies greatly with the changes in dimensions of financial literacy. That is the barometers of financial literacy affect the level and volume of investors’ participation in a stock market.
Financial literacy and stock market participation: a case of NEPSE [printed text] / Pradeep Khanal, Author . - [s.d.] . - 97p. ; GRP/Thesis + 9/B.
Languages : English
Descriptors: Financial literacy Class number: 374.10 Abstract: From the past few years, it has been seen that Nepalese stock market has reached to unprecedented levels of growth. There are numerous investors who are having their shares in this market. Billions of investments in this market have made it a matter of concern for those aspiring investors as to how this stock market functions. In this regard, the financial literacy of the participants of Nepalese stock market is of due importance. There have been numerous evidences of developed countries in which the financial literacy of the citizens has a major impact on the type and level of economic activity in that country. However, despite of several empirical evidences, financial literacy issues are still unsolved in context of Nepalese stock market although numerous attempts are made each year. So determining the impact of financial literacy in the stock market participation among the investors of NEPSE has always been a crucial issue for every Nepalese investor, individual or institutional. Therefore, this study attempts to identify the relationship between the level of market participation and various determinants of financial literacy such as financial attitude, financial behaviour, financial influence and financial knowledge among the members of Nepalese stock market. The relationship between financial literacy and stock market participation has been widely analyzed. Stock market participation are assumed as outcomes and these are the dependent variables. Financial behaviour, financial attitude, financial influence and financial knowledge are the independent financial literacy variables. The main objective of the study is to examine the relationship between the financial literacy and stock market participation among the members of stock market of Nepal. The other specific objectives are to analyse the financial knowledge, attitude and behaviour of members of NEPSE based on their stock market participation, to examine how adults’ financial knowledge and attitudes are correlated with financial behaviour, to examine the relationship between the participant’s income and financial knowledge, to analyse the correlation between financial attitude and financial knowledge of participants of stock market.
The primary source of data is used to assess the opinion of respondents with respect to the variables used in the research. The survey is based on 205 respondents from different walks of life having a DMAT account. The questions were asked in the form of Likert scale questions, rank questions and multiple choice questions. There are different variables that are measured in a 5 point likert scale. The proxies of financial literacy are financial behaviour, financial attitude, financial influence and financial knowledge. The weighted mean of the each variable were used to examine the relationship of financial literacy and stock market participation of the respondents. For the fact finding of the study primary data was analyzed by using percentage frequency distribution and methods such as correlation analysis and regression analysis.
The result of the study shows that there is a positive relationship between financial literacy and stock market participation among the participants of NEPSE. This means that an enhancement in any of the financial attitude, financial behaviour, financial influence, and financial knowledge leads to increase in stock market participation of respondents. Financial behaviour is the most important factor affecting the market participation of the respondents.
The study found that the respondents have a high level of knowledge in time value of money, money illusion, banking, numeracy, share market, credits, compound interest, inflation, insurance, net worth, followed by least knowledge on taxes. Similarly, it was found that the respondents with different demographic background such as age, gender, marital status, academic qualification, monthly personal income, etc and personality characteristics like financial attitude, financial behaviour, financial influence have different level of financial knowledge. Therefore, it is concluded that stock market participation varies greatly with the changes in dimensions of financial literacy. That is the barometers of financial literacy affect the level and volume of investors’ participation in a stock market.
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Barcode Call number Media type Location Section Status 377/D 374.10 KHA Thesis/Dissertation Uniglobe Library Social Sciences Available
Title : Financial literacy in Nepal: a survey analysis from adults in Kathmandu valley Material Type: printed text Authors: Baburam Subedi, Author Publication Date: 2016 Pagination: 58p. Size: GRP/Thesis Accompanying material: 5/B General note: Including bibilography Languages : English Descriptors: Consumer education
Financial literacyKeywords: 'literacy consumer education consumer protection education' Class number: 370 Abstract: Financial literacy is a core life skill for participating in modern society. The dynamism of society is constantly changing with the increment of business and financial activities. Over the past two decades, interest in financial literacy and its improvement has increased massively worldwide. It also involves intimate knowledge of financial concepts like compound interest, financial planning, the mechanics of a credit card, advantageous savings methods, consumer rights, time value of money, etc. In a sum, it is the possession of knowledge and understanding of financial matters for better well-being in life. Being new concept, financial literacy is very relevant to Nepal's at present. Those who are less financially literate are more likely to have problems with debt and to engage in high-cost loans from moneylenders, while they are less likely to save or to plan their finances for the future. A review of research on financial literacy shows that financial literacy is utmost necessary uplift people from poverty situation. Financial literacy is most important to break down the border line of low financial access and awareness. It is compulsory for every individuals of society. Moreover, it play significant role to improve the demand of financial services in country and helps to minimize the risks and uncertainty related to entrepreneurship and business transaction.
The importance of financial education in Nepal has increased in recent years as a result of financial market developments and demographic, economic and policy changes. Financial markets are becoming more sophisticated, and new products are being continuously offered. Consumers now have greater access to a variety of credit and saving instruments provided by a range of entities from online banks and brokerage firms to community-based groups. As a result of changes being introduced in pension arrangements, an increasing number of workers will be assuming more responsibility for saving for their retirement. With the increase in life expectancy, individuals will need to ensure that they have adequate savings for the longer period they can expect to spend in retirement. More importantly, the excessive inflow remittance and high expenditure on consumption emphasizes the urgent need of financial literacy in Nepal. This study examines the factors affecting the level of financial literacy in Nepal covering financial knowledge, behavior and attitudes relating to various aspects of financial literacy including budgeting and money management, short and long term financial plans, and financial product choice.
viii
The main issue of the study is to analyze the level of financial literacy in adults of Kathmandu valley.
The main purpose of the study is to examine the level of financial literacy in adults of Kathmandu valley. More specifically, it examines the impact of gender, age, occupation, income, education, behavior, influence, and attitudes on level of financial knowledge of adults. The study is based on the survey data which were collected from the 478 respondents of three districts. Stratified random sampling method was used to collect data from Kathmandu valley i.e. Kathmandu, Bhaktapur, and Lalitpur. A structured questionnaire was constructed covering five areas namely personal information of respondents, financial behavior, financial influence, financial attitude and financial knowledge. Including demographic information, survey participants were asked 73 question of financial knowledge and opinion of different aspects of financial literacy. Questionnaires were prepared in both Nepali and English medium and authors distributed as per request of respondents. For the fact finding of the study primary data was analyzed by using descriptive analysis, ANOVA analysis, correlation analysis and logistic regression.
The major conclusion of this study is that there is positive relationship between demographic characteristic i.e. age, income, occupation and financial knowledge. Likewise, there is positive relationship between personality characteristic i.e. behavior, influence, attitude and financial knowledge. It implies that enhanced in behavior, attitude, and influence of adults can increase level of financial knowledge of respondents. The study found adults of Kathmandu valley are more familiar and knowledgeable in net worth, share market, insurance, banks, taxes and credits in-compare to financial numeracy, compound interest, discount, time value of money and inflation. Adults prefer to save in bank accounts instead of buying physical good & consumer goods in case of excess money they have. It was also found that adults with different demographic background such as age, education, occupation, income, location, marital status and personality characteristics like financial behavior, financial attitudes, and financial influence have different level of financial knowledge among adults of Kathmandu valley.
Recommendations are given on the basis of the finding of study. The study found the higher level of financial knowledge in advance finance compare to basic level of finance. Thus for the future study academicians are suggested to carry similar research using similar dependent and independent variable.Financial literacy in Nepal: a survey analysis from adults in Kathmandu valley [printed text] / Baburam Subedi, Author . - 2016 . - 58p. ; GRP/Thesis + 5/B.
Including bibilography
Languages : English
Descriptors: Consumer education
Financial literacyKeywords: 'literacy consumer education consumer protection education' Class number: 370 Abstract: Financial literacy is a core life skill for participating in modern society. The dynamism of society is constantly changing with the increment of business and financial activities. Over the past two decades, interest in financial literacy and its improvement has increased massively worldwide. It also involves intimate knowledge of financial concepts like compound interest, financial planning, the mechanics of a credit card, advantageous savings methods, consumer rights, time value of money, etc. In a sum, it is the possession of knowledge and understanding of financial matters for better well-being in life. Being new concept, financial literacy is very relevant to Nepal's at present. Those who are less financially literate are more likely to have problems with debt and to engage in high-cost loans from moneylenders, while they are less likely to save or to plan their finances for the future. A review of research on financial literacy shows that financial literacy is utmost necessary uplift people from poverty situation. Financial literacy is most important to break down the border line of low financial access and awareness. It is compulsory for every individuals of society. Moreover, it play significant role to improve the demand of financial services in country and helps to minimize the risks and uncertainty related to entrepreneurship and business transaction.
The importance of financial education in Nepal has increased in recent years as a result of financial market developments and demographic, economic and policy changes. Financial markets are becoming more sophisticated, and new products are being continuously offered. Consumers now have greater access to a variety of credit and saving instruments provided by a range of entities from online banks and brokerage firms to community-based groups. As a result of changes being introduced in pension arrangements, an increasing number of workers will be assuming more responsibility for saving for their retirement. With the increase in life expectancy, individuals will need to ensure that they have adequate savings for the longer period they can expect to spend in retirement. More importantly, the excessive inflow remittance and high expenditure on consumption emphasizes the urgent need of financial literacy in Nepal. This study examines the factors affecting the level of financial literacy in Nepal covering financial knowledge, behavior and attitudes relating to various aspects of financial literacy including budgeting and money management, short and long term financial plans, and financial product choice.
viii
The main issue of the study is to analyze the level of financial literacy in adults of Kathmandu valley.
The main purpose of the study is to examine the level of financial literacy in adults of Kathmandu valley. More specifically, it examines the impact of gender, age, occupation, income, education, behavior, influence, and attitudes on level of financial knowledge of adults. The study is based on the survey data which were collected from the 478 respondents of three districts. Stratified random sampling method was used to collect data from Kathmandu valley i.e. Kathmandu, Bhaktapur, and Lalitpur. A structured questionnaire was constructed covering five areas namely personal information of respondents, financial behavior, financial influence, financial attitude and financial knowledge. Including demographic information, survey participants were asked 73 question of financial knowledge and opinion of different aspects of financial literacy. Questionnaires were prepared in both Nepali and English medium and authors distributed as per request of respondents. For the fact finding of the study primary data was analyzed by using descriptive analysis, ANOVA analysis, correlation analysis and logistic regression.
The major conclusion of this study is that there is positive relationship between demographic characteristic i.e. age, income, occupation and financial knowledge. Likewise, there is positive relationship between personality characteristic i.e. behavior, influence, attitude and financial knowledge. It implies that enhanced in behavior, attitude, and influence of adults can increase level of financial knowledge of respondents. The study found adults of Kathmandu valley are more familiar and knowledgeable in net worth, share market, insurance, banks, taxes and credits in-compare to financial numeracy, compound interest, discount, time value of money and inflation. Adults prefer to save in bank accounts instead of buying physical good & consumer goods in case of excess money they have. It was also found that adults with different demographic background such as age, education, occupation, income, location, marital status and personality characteristics like financial behavior, financial attitudes, and financial influence have different level of financial knowledge among adults of Kathmandu valley.
Recommendations are given on the basis of the finding of study. The study found the higher level of financial knowledge in advance finance compare to basic level of finance. Thus for the future study academicians are suggested to carry similar research using similar dependent and independent variable.Hold
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Barcode Call number Media type Location Section Status 234/D 370 SUB Thesis/Dissertation Uniglobe Library Social Sciences Available
