The effects of perceived and actual financial knowledge on regular personal savings: Case of Vietnam

Nguyen, Thi Anh Nhu; Rózsa, Zoltán; Belás, Jaroslav; Belásová, Ľudmila

dc.title	The effects of perceived and actual financial knowledge on regular personal savings: Case of Vietnam	en
dc.contributor.author	Nguyen, Thi Anh Nhu
dc.contributor.author	Rózsa, Zoltán
dc.contributor.author	Belás, Jaroslav
dc.contributor.author	Belásová, Ľudmila
dc.relation.ispartof	Journal of International Studies
dc.identifier.issn	2071-8330 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2017
utb.relation.volume	10
utb.relation.issue	2
dc.citation.spage	278
dc.citation.epage	291
dc.type	article
dc.language.iso	en
dc.publisher	Centre of Sociological Research
dc.identifier.doi	10.14254/2071-8330.2017/10-2/19
dc.relation.uri	http://www.jois.eu/?347,en_the-effects-of-perceived-and-actual-financial-knowledge-on-regular-personal-savings-case-of-vietnam
dc.subject	actual financial knowledge	en
dc.subject	financial literacy	en
dc.subject	perceived financial knowledge	en
dc.subject	saving behaviour	en
dc.description.abstract	The paper examines the factors, which affect decision-making on regular personal saving behaviour in the context of an emerging market in Vietnam. Focusing on financial literacy, the paper uses a combined measure of actual financial knowledge and a self-assessment of overall financial knowledge. The sample of the study consists of 240 commercial banks customers selected in 12 branches of four banks in Ho Chi Minh City. The questionnaire covers: (1) actual financial knowledge; (2) self-rating of financial knowledge; (3) financial risk tolerance; and (4) demographic characteristics of the respondents. The results of a logistic regression analysis show that perceived and actual financial literacy have separate effects on regular personal saving. Particularly, actual financial knowledge has a statistically significant positive relationship with regular personal saving with odds ratio higher than 6.5 times. However, perceived financial knowledge and financial risk tolerance factor are not statistically significant with regular personal saving. Finally, this paper offers evidence that the interaction variable, which is used to combine education level with their major study, has a statistically significant relationship with regular personal saving. © Foundation of International Studies and CSR, 2017.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1007508
utb.identifier.obdid	43876606
utb.identifier.scopus	2-s2.0-85029926401
utb.source	j-scopus
dc.date.accessioned	2017-10-16T14:43:40Z
dc.date.available	2017-10-16T14:43:40Z
dc.rights	Attribution 3.0 Unported
dc.rights.uri	https://creativecommons.org/licenses/by/3.0/
dc.rights.access	openAccess
utb.contributor.internalauthor	Nguyen, Thi Anh Nhu
utb.contributor.internalauthor	Belás, Jaroslav
utb.fulltext.affiliation	Thi Anh Nhu Nguyen Tomas Bata University in Zlin, Zlin, Czech Republic Email: anhnhu80@gmail.com Zoltán Rózsa School of Economics and Management in Public Administration in Bratislava, Bratislava, Slovak Republic Email: zoltan@rozsa.sk Jaroslav Belás Tomas Bata University in Zlin, Zlin, Czech Republic Email: belas111@gmail.com Ľudmila Belásová University of Presov Presov, Slovak Republic Email: ludmila.belasova@unipo.sk
utb.fulltext.dates	Received: October, 2016 1st Revision: March, 2017 Accepted: May, 2017
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utb.fulltext.sponsorship	The authors are thankful to the Internal Grant Agency of FAME TBU No. IGA/FaME/2017/010: Financial Constraints on Economic Activities, for financial support to carry out this research.
utb.scopus.affiliation	Tomas Bata University in Zlin, Zlin, Czech Republic; School of Economics and Management in Public Administration in Bratislava, Bratislava, Slovakia; University of Presov, Presov, Slovakia