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Financial literacy in Tunisia: Its determinants and its implications on investment behavior

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  • Mouna, Amari
  • Anis, Jarboui
Abstract
Given the dynamic changes in the economic environment, especially in financial markets, a need is felt to improve investors’ financial knowledge. Financial literacy entails informed financial decisions. The present study investigates the determinants of financial literacy and its impact on investment behavior. A questionnaire has been developed to elicit the study's variables and it is divided into three parts. The first part covers the demographic variables; the second deals with the financial behavior of the Tunisian households, and the third part is devoted to financial literacy.

Suggested Citation

  • Mouna, Amari & Anis, Jarboui, 2017. "Financial literacy in Tunisia: Its determinants and its implications on investment behavior," Research in International Business and Finance, Elsevier, vol. 39(PA), pages 568-577.
    • Handle: RePEc:eee:riibaf:v:39:y:2017:i:pa:p:568-577
    DOI: 10.1016/j.ribaf.2016.09.018
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    References listed on IDEAS

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    8. Asad Basheer & Danish Ahmed Siddiqui, 2020. "Explaining the Disposition Bias among Investors: The Mediatory Role of Personality, Financial Literacy, Behavioral Bias and Risk Tolerance," Business and Economic Research, Macrothink Institute, vol. 10(2), pages 290-314, June.
    9. Swati Prasad & Ravi Kiran & Rakesh Kumar Sharma, 2021. "Influence of financial literacy on retail investors' decisions in relation to return, risk and market analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2548-2559, April.
    10. Jason Kasozi & Daniel Makina, 2021. "Analysis of financial literacy and its effects on financial inclusion in Uganda," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 10(3), pages 67-83, July.
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    12. Muhammad Arsalan Hashmi & M Abdullah & Tariq Jalees & Ume Amen & Muhammad Arsalan, 2023. "Do Personality Traits and Cultural Norms Influence Investment Decisions? The Role of Financial Literacy and Investor Overconfidence," Journal of Economic Impact, Science Impact Publishers, vol. 5(1), pages 106-113.

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