ERIC Number: EJ1423300
Record Type: Journal
Publication Date: 2024-Jun
Pages: 14
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-1598-1037
EISSN: EISSN-1876-407X
Does Enrolling in Finance-Related Majors Improve Financial Habits? A Case Study of China's College Students
Wei Huang; Xiaowei Liao; Fan Li; Panpan Yao
Asia Pacific Education Review, v25 n2 p359-372 2024
There is a growing awareness of the importance of financial management skills. However, few studies have systematically examined this topic in China's current higher education (HE) system. In this study, we examine whether enrolling in a finance-related program, either as a degree program or as an elective, improves students' financial literacy and habits. We conducted a mixed-method study with a sample of 1334 students from seven universities in central China. Multivariate regression, matching methods, and the inverse-probability-weighting methods were used for quantitative analysis. The results indicate that college students are generally dissatisfied with their financial situation. Enrolling in finance-related majors has little effect on improving students' financial habits, despite a substantial improvement in their financial literacy. In the current HE system, there is a significant lack of personal finance management training. Therefore, curriculum design and field practices regarding students' personal finance management skills should be introduced to enhance their financial habits.
Descriptors: Money Management, Finance Occupations, Majors (Students), Undergraduate Students, Financial Literacy, Business Administration Education, Correlation, Probability, Student Attitudes, Curriculum Design, Foreign Countries
Springer. Available from: Springer Nature. One New York Plaza, Suite 4600, New York, NY 10004. Tel: 800-777-4643; Tel: 212-460-1500; Fax: 212-460-1700; e-mail: customerservice@springernature.com; Web site: https://bibliotheek.ehb.be:2123/
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: China
Grant or Contract Numbers: N/A