Does Financial Self-Efficacy Strengthen the Relationship Between Financial Knowledge and Financial Resilience? A Woman’s Perspective
Year: 2026
Type: article
Study design: Observational Study
Abstract: Building financial resilience is important, particularly when addressing women, a financially vulnerable group.This study aims to examine whether financial self-efficacy strengthens the relationship between financial knowledge and financial resilience.Applying Ordinary Least Squares (OLS) regression on the data collected from 300 women from Kerala, a southern state in India, this study reveals that the interaction of financial knowledge and financial self-efficacy significantly relates with financial resilience.Results suggest that women having more financial self-efficacy along with sound financial knowledge can achieve more financial resilience, controlling for sociodemographic factors.Among the various sociodemographic factors, education and income relate with women's financial resilience.Highlighted the practical ways to foster financial resilience through financial knowledge and financial self-efficacy by providing potential implications for financial educators, policy makers, and financial counselors.
Source: Asian Journal of Human Services
Institution: Assumption College
Language: English
Subfield: Finance
Domain: Social Sciences
SDGs: Gender equality, No poverty
Open Access status: diamond
OpenAlex ID: W7214713152