Financial Literacy Level of Expatriates in United Arab Emirates and Its Effect on Investment Decision
Journal Title: International Journal of Interdisciplinary and Multidisciplinary Studies (IJIMS) - Year 2017, Vol 4, Issue 3
Abstract
This study measures the level of financial literacy and evaluates the impact ofdemographic characteristics on financial literacy among the expatriates in the UAE. The financial literacy level is found to be affected by age, marital status, gender, country-of-origin, income, experience, education, employment-status, work-place-activity and house-hold situation. Primary data collected using a structured questionnaire from 389 expatriates is used in this study. Statistical techniques such as analysis of variance and regression analysistest are employed to analyze the data.Finally,the results indicate thatfinancial literacy does have a statistically significant effect on theinvestment decision of expatriates.This study, hence calls for initiatives to improve financial literacyamong expatriates in UAE and for further research in this direction.
Authors and Affiliations
Amjad Khan Suri, Sonal Purohit
Keywords
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