| ID | 163303 |
| Title Proper | Advanced financial literacy of Malaysian Gen Y investors and its consequences |
| Language | ENG |
| Author | Tan, Siow-Hooi ; Khan, Mohammad Tariqul Islam ; Gan, Gerald Goh Guan |
| Summary / Abstract (Note) | This article presents the advanced financial literacy of Malaysian Gen Y investors and investigates whether literacy varies across demographics and ethnicity, and how financial literacy is related to investing decisions. In a survey-based study (N = 231) with the estimation of crosstab, ordered logistic regression and binary logistic regression, the results suggest that Gen Y investors display a medium level of financial literacy and that investors with certain demographic characteristics and ethnicity display a relatively higher level of financial literacy. Literacy items such as knowledge of stocks and bonds, functioning of the stock market, working of long-term bonds and mutual funds, and riskiness of bonds versus stocks are more closely related to investors’ trading, risky share investment, willingness of risk-taking, stock market participation and perceived portfolio returns. The results imply a clear scope to improve Gen Y investors’ financial literacy by concentrating on a certain socio-demographic groups and specific financial literacy items. |
| `In' analytical Note | Margin Vol. 13, No.1; Feb 2019: p.83-108 |
| Journal Source | Margin 2019-02 13, 1 |
| Key Words | Ethnicity ; Investment ; Demography ; Malaysia ; Generation Y investor ; Financial Literacy |