The Moderating Effects of Consumer Fintech Use, Financial Knowledge Confidence, and Financial Self-Efficacy on the Relationship Between Financial Literacy and Millennial Saving Behavior

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Mulla, J. (2022). The Moderating Effects of Consumer Fintech Use, Financial Knowledge Confidence, and Financial Self-Efficacy on the Relationship Between Financial Literacy and Millennial Saving Behavior. Unc Charlotte Electronic Theses And Dissertations.
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Abstract

This dissertation explores the moderating effects of consumer fintech use, financial knowledge confidence, and financial-self efficacy on the relationship between financial literacy and the saving behavior of Millennials. The current financial literacy research acknowledges that these variables may impact this relationship, however, little research has been conducted addressing the impacts of these three factors collectively. Using a publicly available data set of 6,624 Millennial respondents, I hypothesized that these factors have a positive moderating effect; that is to say that when present and at higher levels, they increase the strength and direction of the relationship. The data show that only financial self-efficacy positively moderates the relationship while consumer fintech use is related to a negative relationship and financial knowledge confidence has no impact on the relationship.

Details
Author

Mulla, Joseph

Title

The Moderating Effects of Consumer Fintech Use, Financial Knowledge Confidence, and Financial Self-Efficacy on the Relationship Between Financial Literacy and Millennial Saving Behavior

Physical Description

1 online resource (148 pages) : PDF

Date

2022

Degree Granting Institution

University of North Carolina at Charlotte

Abstract

This dissertation explores the moderating effects of consumer fintech use, financial knowledge confidence, and financial-self efficacy on the relationship between financial literacy and the saving behavior of Millennials. The current financial literacy research acknowledges that these variables may impact this relationship, however, little research has been conducted addressing the impacts of these three factors collectively. Using a publicly available data set of 6,624 Millennial respondents, I hypothesized that these factors have a positive moderating effect; that is to say that when present and at higher levels, they increase the strength and direction of the relationship. The data show that only financial self-efficacy positively moderates the relationship while consumer fintech use is related to a negative relationship and financial knowledge confidence has no impact on the relationship.

Genre

doctoral dissertations

Subjects--Topics

Industrial management
Finance

Degree

D.B.A.

Keywords

Confidence
Financial Literacy
Financial Technology
Millennials
Self-Efficacy

Subject Area

Business Administration

Advisor(s)

Silver, Reginald

Committee Members

Subramaniam, Chandrasekar
Park, Sungjune
King, Dolly

Degree Note

Thesis (D.B.A.)--University of North Carolina at Charlotte, 2022.

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Rights Holder Information

Copyright is held by the author unless otherwise indicated.

Identifier

Mulla_uncc_0694D_13017

Permalink

http://hdl.handle.net/20.500.13093/etd:2794