A study on the Impact of Financial Literacy on Financial Investment Decisions among women: A review of selected literature
DOI:
https://doi.org/10.1956/jge.v19i4.696Keywords:
Invesment, women, financial, literacyAbstract
Introduction: Investment constitutes an important decision for effective personal financial planning. A good Investment provides a base for a sound financial situation in near future. The recent time period has seen a revolutionary growth in the situation of women. This growth has become more important for the women living in India because India is a developing country. Recently, Indian women have faced tremendous growth in their position across different parts of the country. Women take various important decisions in their life and for their family including financial decisions. It can be savings, Expenditure, investment, decision about loans and advances, retirement planning. Purpose: This study focuses on the awareness of Financial Investments in Women. The purpose of this paper is to study the financial literacy in women about Financial Investment by using literature based analysis.
Data collection: Secondary data is collected from various sources such as journals, research papers, websites and articles.
Findings: The study of various papers reveals that majority of women do not prefer equity as investment. Majority of the women prefer investments which carry less risk such as Fixed Deposits, Post Office Investments and so on. Government can form new policies and schemes to attract more investments which are underrated.
References
References
Naranbhai, J.V. (2018). “A study on investment awareness among working women in Kachchh district”. International Journal of Research in all Subjects in Multi Languages, 6(3), 107-111.
Beyer, S and E. Bowden (1997) “Gender Differences in Self-Perceptions: Convergent Evidence from three measures of accuracy and bias” , Personality and Social Psychology Bulletin, 23, pp. 157-172
Dawar.G. &Wadhwa,C.(2011). “Factors Influencing Investor Behaviour: An Empirical Study In Punjab”. International Journal of Research in Commerce, Economics and Management, 1(3), 125- 130.
Dvorak and Hanley (2010). “Financial Literacy and the Design of Retirement Plans” , The Journal of Socio-Economics, 39 (6), 645-652.
Huston, S. (2010), “Measuring Financial Literacy”, The Journal of Consumer Affairs, Vol. 44, No. 2, 296-316
Hasler, A., Lusardi, A., and Oggero, N. (2018). “Financial fragility in the US: evidence and implications”. GFLEC working paper, 1-50.
Dr. R.Sellappan, S.Jamuna, TNR. Kavitha (2013).Investment Attitude of Women Towards Different Sources of Securities - A Factor Analysis Approach. GRA - Global Research Analysisl.2, 34-36
Wang, P. (1994) ‘Brokers still treat Men better than Women,’ Money, 23 (6), pp. 108-10
Saha, B. (2016). a Study of Financial Literacy of Working Women of Raipur City, 154– 160
Gopeekrishna, S., &Geetha, K. T. (2018). Status Of Financial Literacy On Economic Empowerment Of Working Women Of Kerala. Economic Development of India Show, 85–94
Sirajuddin, M. & Kumar, S.P. (2017). “A Study of Financial Literacy of Women in Hyderabad City (Telangana)”, International Journal of Trend in Scientific Research and Development, 2(1), 1100- 1108
Kuruvilla, R. R. and Harikumar, P.N. (2018). “A study on the financial awareness among women entrepreneurs in Kottayam district”. Journal of Management Research and Analysis, Volume 5,Issue 3, 331-335
http://www.oecd.org/daf/fin/financial-education /TrustFund 2013_OECD_ INFE_Women _and_Fin_Lit.pdf
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Journal of Global Economy
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
