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

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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… Click to show full 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.

Keywords: literacy; literacy tunisia; investment behavior; financial literacy

Journal Title: Research in International Business and Finance
Year Published: 2017

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