2026-05-28T14:53:22Zhttps://riuma.uma.es/rest/oai/request

oai:riuma.uma.es:10630/271302026-02-03T11:23:18Zcom_10630_2254col_10630_37953

How does financial literacy influence undergraduates’ risk-taking propensity? Molina-García, Antonio Cisneros-Ruiz, Ana José López-Subires, María Deseada Diéguez-Soto, Julio Finanzas - Estudio y enseñanza superior Previous evidence is contradictory about the financial literacy-individual’s risk-taking propensity relationship. Therefore, this article attempts to examine the relationship between financial literacy and risk-taking propensity in a university environment, considering for the first time the financial literacy’s multidimensional nature (i.e., financial knowledge, financial attitude, and financial behaviour). Applying Covariance-Based Structural Equation Models to 568 Spanish undergraduates, our results show that: (1) financial knowledge and financial behaviour directly and positively affect risk-taking propensity; (2) financial attitude indirectly and positively affects risk-taking propensity through financial behaviour. These findings are relevant since they provide new insights into the association mechanism that explains the financial literacy-undergraduates’ risk-taking propensity relationship. 2023-06-30T06:39:04Z 2023-06-30T06:39:04Z 2023 journal article Antonio Molina-García, Ana José Cisneros-Ruiz, María Deseada López-Subires, Julio Diéguez-Soto, How does financial literacy influence undergraduates’ risk-taking propensity?, The International Journal of Management Education, Volume 21, Issue 3, 2023, 100840, ISSN 1472-8117, https://doi.org/10.1016/j.ijme.2023.100840. https://hdl.handle.net/10630/27130 https://doi.org/10.1016/j.ijme.2023.100840 eng http://creativecommons.org/licenses/by-nc-nd/4.0/ open access Attribution-NonCommercial-NoDerivatives 4.0 Internacional Elsevier