Publication details

Financial Decision-Making among Finance Students: An Empirical Study from the Czech Republic



Year of publication 2017
Type Article in Proceedings
Conference Proceedings of the 19th International Conference on Finance and Accounting
MU Faculty or unit

Faculty of Economics and Administration

Field Management and administrative
Keywords Financial decision-making; financial literacy; personal finance; university students.
Description Making sound financial decisions is an essential skill which can have an impact on life of each consumer of financial products. The aim of this paper is to examine decision-making concerning financial matters and personal finance. The selected target group was university students majoring in finance related fields. The study was conducted in the Czech Republic at Masaryk University in 2015. In order to analyze financial decision-making questions related to basic finance decisions were developed to address the research objective. The results of the study suggest gaps in detecting best solutions to given financial decision-making questions among finance students. The analysis results indicate relation between financial decision-making and own experience with holding and using concrete financial products.
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