Financial Literacy: Evidence from Saudi Women

Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 5

Abstract

Financial illiteracy is widespread among women, and that many women are unacquainted with even the most elementary economic theories needed to make saving and investment decision. Financial literacy means knowing and understanding the form, functions and use of money and financial services. While the influence of several factors such as gender, education, and income is similar to what has been reported in other contexts, a few factors specifically consultative decision-making process and educated women whose family members had stocks and retirement saving more likely to know about risk diversification than less educated women whose family member were not wealthy and complexity of the financial markets has heightened the need of financial literacy. The main objective of the present paper is to assess the level of financial literacy among the women of Saudi Arabian, we have conducted a survey with the help of the questionnaire and distributed among the working and non-working women in Saudi Arabia. In finding researcher has found that there is no financial literacy difference between working and non-working in Saudi Arabia.

Authors and Affiliations

Dr. Raj Kumar Boora, Dr. Jyoti Agarwal

Keywords

Related Articles

Emergence of Green Business Engendering New Avenues for Augmentation of Green Entrepreneurship and Sustainable Development through Indian MSMEs

Manifestation of Green slant to the business is prevailing in the contemporary global scenario that provides practical solution for the unprecedented increase in the exploitation of natural and non-renewable resources. T...

Social and Environmental Reporting (SER) Practices in Banking Industry: Evidence from Bangladesh

The purpose of the study is to measure the extent of social and environmental reporting practices in banking industry of Bangladesh with reference to GRI G4 framework. For attaining the purpose of the study, content anal...

The Impact of Empathy Implanted Cause Related Marketing Communication on Customer Attitude towards Brand Image: AHint for Mirror Neuron Based Cause Related MarketingCommunication in Kerala

Customer retention is becoming a major area of threat for firms after the digital revolution. Customers are more informative than the sellers most of the time. Word of mouth is spreading round the corner too fast than ev...

The Effect Organizational Culture as a Mediation of Transformational Leadership to Smes Organization Performance in Malang City - East Java (Study on Small Food and Drink)

Purpose - The objective of this study to explain the organizational culture as a mediation of transformational leadership on small business enterprice performance. In addition, analyze and explain the direct influence of...

Bitcoin – The Internet of Money

For the last one year bitcoin is the newsmaker other than personals. Bitcoin is otherwise known as digital currency or crypto currency or virtual currency.Being internal currency, bitcoins cannot be admitted.Almost all t...

Download PDF file
  • EP ID EP411190
  • DOI 10.9790/487X-2005043844.
  • Views 81
  • Downloads 0

How To Cite

Dr. Raj Kumar Boora, Dr. Jyoti Agarwal (2018). Financial Literacy: Evidence from Saudi Women. IOSR journal of Business and Management, 20(5), 38-44. https://europub.co.uk/articles/-A-411190