Exploring the factors in shaping investor’s financial decision-making

Abstract

Purpose: This study examines how financial literacy affects undergraduate management students. The study examines how to improve management students’ financial literacy.  Methodology: Management students in Bhubaneswar, India, are assessed on their financial knowledge, behavior, awareness, and satisfaction. Twenty measures were assessed for 230 individuals. A 5-point Likert scale self-administered questionnaire examined all factors. Research focused on scale validity. The independent-dependent variable relationship can be quantified through path analysis, and AMOS version 21 was used to estimate the CFA framework to establish construct validity.  Results: Management students’ financial literacy and saving habits were strongly correlated.  Originality: Financial education programs that assist individuals make better financial decisions, promote financial well-being, and lessen economic inequality should be clearly addressed in prior study. Thus, an inquiry on student management to explore these topics.