Financial Literacy Among Women Employees In Pokhara Lekhanath Metropolitian
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Management
Abstract
This study surveys 200 women employees among Pokhara Lekhanath metropolitan
city to examine their financial literacy; the impact of demographic, educational and
personality characteristics on financial literacy. The research is a descriptive and
analytical research design. The main research strategy used in this study is a survey
questionnaire which allows quantitative data collection and analyzed. Mean,
ANOVA and Independent leaner regression and correlation were used in carrying out
analysis.
Results show that most of the women employees have lower Level of financial
knowledge but they lack in understanding of money illusion, compound interest and
inflation. Students are highly influenced by their life experience and job and they
have positive attitude towards savings. The study further identified income,
education Level, education stream and financial behavior as determinants of financial
knowledge; and financial knowledge is unaffected by profession, financial influence
and financial attitude. It is concluded that women employees have lower Level of
financial knowledge. However, overall financial knowledge of the students is
affected by some of their demographic, educational and personality characteristics.
The study can be useful for Nepal Rastra Bank, stakeholders, banking and Financial
Institutions, researcher, general public and more for introduce new policy and rule
for improving level of literacy among women employees. The government need to
know or understand and implement the policy and strategy for financial literacy
program for developing or upgrading overall academic financial condition. It can be
beneficially for whole nation and individuals. New researcher can be added other
students from different Level, stream, city and sectors as well. Similarly, research
consists with an independent variable, namely demographic variables thus new
researcher can be added social variables, economic variables and others variables as
an independent variable.