Understanding the financial literacy of undergraduate students at Thai universities

This paper explores the financial literacy of undergraduate students at Thai universities. Four hundred questionnaires were distributed to undergraduate students based on systematic random sampling and the results were analyzed by descriptive statistics. The participants knew about simple interest,...

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Main Author: Channak A.
Other Authors: Mahidol University
Format: Article
Published: 2023
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Online Access:https://repository.li.mahidol.ac.th/handle/123456789/84023
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spelling th-mahidol.840232023-06-18T23:52:53Z Understanding the financial literacy of undergraduate students at Thai universities Channak A. Mahidol University Business, Management and Accounting This paper explores the financial literacy of undergraduate students at Thai universities. Four hundred questionnaires were distributed to undergraduate students based on systematic random sampling and the results were analyzed by descriptive statistics. The participants knew about simple interest, basic savings, investment risk, and inflation but were confused about compound interest. Most had no savings and had faced financial problems during the last 6–12 months. They were also happier with spending than saving. Owing to such financial illiteracy, educational courses that include financial concepts and skills must be offered to improve students’ financial attitude and behavior. 2023-06-18T16:52:53Z 2023-06-18T16:52:53Z 2022-01-01 Article Journal of Business and Finance Librarianship Vol.27 No.2 (2022) , 67-80 10.1080/08963568.2021.1970943 15470644 08963568 2-s2.0-85113852232 https://repository.li.mahidol.ac.th/handle/123456789/84023 SCOPUS
institution Mahidol University
building Mahidol University Library
continent Asia
country Thailand
Thailand
content_provider Mahidol University Library
collection Mahidol University Institutional Repository
topic Business, Management and Accounting
spellingShingle Business, Management and Accounting
Channak A.
Understanding the financial literacy of undergraduate students at Thai universities
description This paper explores the financial literacy of undergraduate students at Thai universities. Four hundred questionnaires were distributed to undergraduate students based on systematic random sampling and the results were analyzed by descriptive statistics. The participants knew about simple interest, basic savings, investment risk, and inflation but were confused about compound interest. Most had no savings and had faced financial problems during the last 6–12 months. They were also happier with spending than saving. Owing to such financial illiteracy, educational courses that include financial concepts and skills must be offered to improve students’ financial attitude and behavior.
author2 Mahidol University
author_facet Mahidol University
Channak A.
format Article
author Channak A.
author_sort Channak A.
title Understanding the financial literacy of undergraduate students at Thai universities
title_short Understanding the financial literacy of undergraduate students at Thai universities
title_full Understanding the financial literacy of undergraduate students at Thai universities
title_fullStr Understanding the financial literacy of undergraduate students at Thai universities
title_full_unstemmed Understanding the financial literacy of undergraduate students at Thai universities
title_sort understanding the financial literacy of undergraduate students at thai universities
publishDate 2023
url https://repository.li.mahidol.ac.th/handle/123456789/84023
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