A literature review on financial literacy

Bu çalışma, önceki araştırmaları temel alarak, fnansal okuryazarlığa ilişkin içgörü kazandırmayı amaçlamaktadır. Finansal okuryazarlığa dönük tanımsal meseleler, fnansal okuryazarlığın olası içselliği, mevcut literatürde ortaya çıkarılmış öncülleri ve sonculları, fnansal okuryazarlıktan başka fnansalkarar vermede bireysel farklılık yaratabilecek diğer tahmin ediciler, fnansal okuryazarlığı ölçme biçimi, hedefenen anakütle bağlamlarında literatürün yan yana getirilmesi suretiyle bu araştırmalar arasında bazıbenzerlik ve farklılıklar ortaya konmuştur. Bu çalışma (i) ortak ve iyi yapılmış bir bir fnansal okuryazarlık tanımlamasına ihtiyaç olduğuna, (ii) objektif ölçeklerin bireyler arasındaki fnansal okuryazarlığı ölçmededaha iyi olabileceğine, (iii) fnansal okuryazarlık yerine geçebilecek değişkenleri kullanmadan önce, sözkonusu değişkenin bireysel etkisi ile fnansal okuryazarlık etkisini birbirinden ayırmanın zorluğu üzerine araştırmacıların yeniden düşünmelerine, (iv) fnansal okuryazarlığın dışsal bir değişken olmaktanöte mümkün bir içsel değişken olabileceğine, (v) çalışmaların fnansal okuryazarlık ile araştırma problemi arasındaki ilişkinin nasıl ortaya çıktığına yönelik açıklamayı içermesine, (vi) araştırma modellerine fnansalkarar vermeyi etkileyen diğer olası değişkenlerin dâhil edilmesi suretiyle fnansal okuryazarlığın görece etkisinin öncelikle değerlendirilmesine işaret etmektedir.

Finansal okuryazarlık üzerine literatür incelemesi

Based on prior research, this paper provides insights regarding fnancial literacy. Amidst this research,some similarities and contrarinesses have been manifested by juxtaposing this literature in terms of (1)defnitional issues on fnancial literacy, (2) its probable endegoeneity, (3) its determinants and consequencesestablished by the extant research, (4)other probable estimators of fnancial decision making which wouldindividually make diferences aside from fnancial literacy, (5)manner of measuring it (i.e., subjective-objective measures versus proxies, (6) targeted population for fnding evidence. Tis study indicates that (i)there is a need of a common and well-structured defnition of fnancial literacy due to the interchangeablyusage of various concepts, all of which mean the fnancial knowledge level of individual, (ii) objectivemeasures seem to work best in measuring fnancial literacy among individuals, (iii) researchers shouldreconsider about proxies for fnancial literacy in the event that individual efect of proxy may be difcultto be seperated, (iv) it is better to consider that fnancial literacy may be potentially endogenous variablerather than the exogenous one, (v) studies should present an explicit explanation how the relationshipbetween fnancial literacy and research problem (e.g., investment preferences) occurred, (vi) relative impactof fnancial literacy should be preemptively examined by incorporating other potential factors infuencingfnancial decision making into research models.

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