The Experts below are selected from a list of 206064 Experts worldwide ranked by ideXlab platform
Maela Giofré - One of the best experts on this subject based on the ideXlab platform.
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Financial Education, investor protection and international portfolio diversification
Journal of International Money and Finance, 2017Co-Authors: Maela GiofréAbstract:Abstract This paper investigates the effect of Financial Education on foreign portfolio investment. We show that higher investor Financial Education fosters international diversification, and that its role is particularly pronounced where information problems and monitoring costs are likely to be more severe, that is, in countries where protection of minority shareholders' rights is weaker. We interpret this evidence as supportive of the conjecture that Financial Education lessens the informational constraints binding foreign investors.
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Financial Education, Investor Protection and International Portfolio Diversification
2012Co-Authors: Maela GiofréAbstract:This paper investigates the tension between regulation and Financial Education in explaining one of the major puzzles in international finance, that is the lack of international diversification. We show that both dimensions are relevant: higher investor’s Financial Education fosters international investment and stronger minority investor protection legislation attracts inward investment. More interestingly, these factors appear to be substitute in enhancing investor’s portfolio diversification: the role of Financial Education is particularly pronounced where information problems and monitoring costs are likely to be more severe, that is in countries where protection of minority shareholders’rights is weaker. We interpret this evidence as supportive of the conjecture that the main channel through which Financial Education contributes to international diversification consists of loosening the informational constraints binding foreign investors.
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Financial Education, Investor Protection and International Portfolio Diversification
SSRN Electronic Journal, 2012Co-Authors: Maela GiofréAbstract:This paper investigates the tension between regulation and Financial Education in explaining international portfolio diversification. We show that higher investor's Financial Education fosters international investment and stronger minority investor protection legislation attracts inward investment. More interestingly, these factors appear to be substitute in enhancing investor's portfolio diversification: the role of Financial Education is particularly pronounced where information problems and monitoring costs are likely to be more severe, that is, in countries where protection of minority shareholders' rights is weaker. We interpret this evidence as supportive of the conjecture that Financial Education lessens the informational constraints of foreign investors.
William L Skimmyhorn - One of the best experts on this subject based on the ideXlab platform.
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Financial literacy Financial Education and economic outcomes
Annual Review of Economics, 2013Co-Authors: Justine S Hastings, Brigitte C Madrian, William L SkimmyhornAbstract:In this article we review the literature on Financial literacy, Financial Education, and consumer Financial outcomes. We consider how Financial literacy is measured in the current literature, and examine how well the existing literature addresses whether Financial Education improves Financial literacy or personal Financial outcomes. We discuss the extent to which a competitive market provides incentives for firms to educate consumers or offer products that facilitate informed choice. We review the literature on alternative policies to improve Financial outcomes, and compare the evidence to evidence on the efficacy and cost of Financial Education. Finally, we discuss directions for future research.
Brigitte C Madrian - One of the best experts on this subject based on the ideXlab platform.
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Financial literacy Financial Education and economic outcomes
Annual Review of Economics, 2013Co-Authors: Justine S Hastings, Brigitte C Madrian, William L SkimmyhornAbstract:In this article we review the literature on Financial literacy, Financial Education, and consumer Financial outcomes. We consider how Financial literacy is measured in the current literature, and examine how well the existing literature addresses whether Financial Education improves Financial literacy or personal Financial outcomes. We discuss the extent to which a competitive market provides incentives for firms to educate consumers or offer products that facilitate informed choice. We review the literature on alternative policies to improve Financial outcomes, and compare the evidence to evidence on the efficacy and cost of Financial Education. Finally, we discuss directions for future research.
Horlane Bissielou - One of the best experts on this subject based on the ideXlab platform.
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Sustainable Financial Education and Consumer Life Satisfaction
Sustainability, 2020Co-Authors: Fuzhong Chen, Wenting Wang, Horlane BissielouAbstract:Sustainable Financial Education is defined as the continuous input of money and time on Financial knowledge Education after formal schooling. The purpose of this paper is to examine the impact of sustainable Financial Education on consumer life satisfaction. Utilizing the dataset of Household Consumer Finance of Chinese Urban Residents in 2012 by the China Financial Research Center of Tsinghua University, the variable of sustainable Financial Education is constructed through the variables of the necessity of Financial Education, the money spent on Financial Education, and the time spent on Financial Education. To improve the estimation results, order probit regression is utilized. The results indicate that Financial Education is significantly positive to consumer life satisfaction only for a consumer with higher Education. Consumers who regard Financial Education to be of high necessity will feel more satisfied. The results also show that consumers who spend more money and time on Financial Education after formal schooling will be more satisfied. Moreover, the sustainable impacts of Financial Education on consumer life satisfaction are verified. In addition, this study provides empirical evidence that suggests that sustainable Financial Education positively contributes to consumer life satisfaction. The results have implications for policymakers to take measures in enhancing sustainable Financial Education to improve consumer life satisfaction.
Jinhee Kim - One of the best experts on this subject based on the ideXlab platform.
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Online Financial Education Programs: Theory, Research, and Recommendations
2017Co-Authors: Jinhee Kim, Mia B. Russell, Allison SchroederAbstract:Technological advances have created unprecedented opportunities for online Financial Education that can be used to improve Financial literacy and money management practices. While online Financial Education programs have become popular, relevant research and theoretical frameworks have rarely been considered in the development of such programs. This article synthesizes lessons from literature and theories for the development of an effective online Financial Education program. Drawing from literature on Financial literacy Education and online Education, implications and recommendations for integrating technology into online Financial Education programs for adults are discussed.
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Evaluation of Workplace Personal Financial Education
1998Co-Authors: Jinhee Kim, Dorothy C. Bagwell, E. Thomas GarmanAbstract:This study investigated the evaluation of a Financial Education seminar after delivery. The survey results show that participants were satisfied and intended to take actions in personal finances due to the Financial Education. Workers who participated in the Financial Educational seminar wanted additional future Financial Education. They were interested in various topics for future Financial Education. These results support the need for workplace Financial Education.
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Workplace Financial Education
Handbook of Consumer Finance Research, 1Co-Authors: Jinhee KimAbstract:With the shift in retirement plans, workplace Financial Education has emerged as a key area of Financial Education. To date, more workers receive a variety of Financial Education program provided at workplaces than before. It has been assumed that workplace Financial Education influences participants’ Financial situation in a positive way. Although few conclusive studies about the effects of workplace Financial Education exist, a number of studies documented positive impacts of workplace Financial Education on Financial knowledge, Financial behaviors, retirement saving, and Financial well-being. After existing literature is reviewed, conclusions and suggestions for future research are presented.
