RESEARCH OF SOCIAL SCIENCES (SMC-PRIVATE) LIMITED(ROSS) & PAKISTAN SOCIAL SCIENCES REVIEW (PSSR) adheres to Creative Commons Attribution-Non Commercial 4.0 International License. The authors submitting and publishing in PSSR agree to the copyright policy under creative common license 4.0 (Attribution-Non Commercial 4.0 International license). Under this license, the authors published in PSSR retain the copyright including publishing rights of their scholarly work and agree to let others remix, tweak, and build upon their work non-commercially. All other authors using the content of PSSR are required to cite author(s) and publisher in their work. Therefore, RESEARCH OF SOCIAL SCIENCES (SMC-PRIVATE) LIMITED(ROSS) & PAKISTAN SOCIAL SCIENCES REVIEW (PSSR) follow an Open Access Policy for copyright and licensing.
How to Cite
The Impact of Financial Socialization, Cognitive Ability and Self-efficacy on Financial Literacy of Investors in Pakistan
Abstract
The purpose of our study is to investigate the impact of financial socialization, cognitive ability and self-efficacy on financial literacy of investors in Pakistan. Data was collected from 429 individual investors and were analyzed with structural equation modeling on Smart PLS software. This study has used convenience sampling technique for the collection of data. The participation of male investors as compare to female investors is high in Pakistan stock market. The main results of our study exhibit that self-efficacy and cognitive ability positively influences financial literacy of investors, while financial socialization has no impact on financial literacy. Policy makers can use this study to make some policies to reduce gender gap of investor in stock market of Pakistan
Authors
Muhammad Junaid Khan
PhD Scholar, Department of Management Sciences, COMSATS University Islamabad, Pakistan
Dr. Faheem Aslam
Assistant Professor, Department of Management Sciences, COMSATS University Islamabad, Pakistan
Syed Nisar Ul Mulk
PhD Scholar, Department of Management Sciences, University of Sawabi, KP, Pakistan
