Authors :
Syed Urooj Fatima; Dr. Adnan Pitafi; Dr. Waqar Ahmed Sethar
Volume/Issue :
Volume 8 - 2023, Issue 6 - June
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://tinyurl.com/bdfkffza
DOI :
https://doi.org/10.5281/zenodo.8154781
Abstract :
This research focuses on exploring the factors
that impact the financial decision-making of female
professionals in Hyderabad, Pakistan. It examines the
influence of education and employment on the financial
attitudes and knowledge of female professionals. The
study adopts a cross-sectional approach and collects
primary data from female professionals in Hyderabad.
The collected data is analyzed using partial least squares
(PLS) structural equation modeling (SEM) to investigate
the relationships between observed and underlying
variables, allowing for causal connections to be examined.
The findings reveal that financial literacy alone is not the
sole determinant affecting the financial decisions of
female professionals. Financial attitudes and behaviors
also play a crucial role and positively influence their
decision-making. The study further establishes a direct
correlation between the financial attitudes of female
professionals and their level of financial knowledge. In
conclusion, the research suggests potential enhancements
in financial literacy among female professionals in
Hyderabad and discusses the implications, limitations,
and future directions of the study.
Keywords :
Financial Attitude, Financial Behavior, Financial Knowledge, Financial Decision
This research focuses on exploring the factors
that impact the financial decision-making of female
professionals in Hyderabad, Pakistan. It examines the
influence of education and employment on the financial
attitudes and knowledge of female professionals. The
study adopts a cross-sectional approach and collects
primary data from female professionals in Hyderabad.
The collected data is analyzed using partial least squares
(PLS) structural equation modeling (SEM) to investigate
the relationships between observed and underlying
variables, allowing for causal connections to be examined.
The findings reveal that financial literacy alone is not the
sole determinant affecting the financial decisions of
female professionals. Financial attitudes and behaviors
also play a crucial role and positively influence their
decision-making. The study further establishes a direct
correlation between the financial attitudes of female
professionals and their level of financial knowledge. In
conclusion, the research suggests potential enhancements
in financial literacy among female professionals in
Hyderabad and discusses the implications, limitations,
and future directions of the study.
Keywords :
Financial Attitude, Financial Behavior, Financial Knowledge, Financial Decision
