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Research papers
Open-access research on money, enterprise, wellbeing and science — 10 papers, free to read at the publisher.
The role of digital financial literacy in driving sustainable retirement planning
Mansi Yadav · Manoj Kumar · R. K. Tailor · Ashish Goyal · 2026-4 · Discover Sustainability
Abstract The current study investigates the impact of Digital Financial Literacy (DFL) on Sustainable Retirement Planning (SRP), a critical yet underexplored domain in personal finance. It specifically examines the mediating roles of Digital Saving Behaviour (DSB) and Digital Investment Behaviour (DIB) in the relationship between DFL and SRP, and considers age, gender, education, and income as potential moderators of…
Generative AI as an Investment Advisor: Same Client, Different Advice
Nicolo Agliata · Tim Hasso · 2026-06 · FinTech
Generative artificial intelligence (GAI) is increasingly embedded in personal finance, yet little is known about how models make recommendations using financial information and demographic cues. This study audits three frontier GAI models, GPT 5.5, Gemini 3.1 Pro, and Claude Opus 4.7, using a conjoint experiment in which each model evaluated the same hypothetical investor profiles and selected among standardized cons…
Simple Financial Management Education with Lamikro for Cake and Pastry Business
Rousilita Suhendah · Christin Angelia · Clara Felixa Tridian · 2025-5 · Journal of Innovation and Community Engagement
Education on simple financial management using the Lamikro application carried out by the community service team with Marife Cake & Pastry as a partner aims to provide an understanding of the need to separate business and personal financial management. This training also provided education on the technical use of the Lamikro application in preparing profit and loss reports and balance sheets since this application is…
Enhancing service-learning through Generative AI: a mixed-methods study on educational Game design in a finance course
Kelvin Wan · Yan Yin Woo · G. T. S. Ho · 2025-12 · Cogent Education
Since the release of ChatGPT in late 2022, the integration of Generative Artificial Intelligence (GenAI) in higher education has posed both opportunities and challenges, especially around critical thinking and assessment integrity. This study explores how GenAI can be ethically and effectively integrated into a service-learning course on personal finance at a Hong Kong university. Students in the GenAI-supported clas…
The role of financial intelligence quotient and financial literacy for paving a path towards financial well-being
Algita Miečinskienė · Jelena Stankevičienė · Daiva Jurevičienė · Kamilė Taujanskaitė · 2023-December · Journal of Business Economics and Management
This study aims to develop an original financial intelligence quotient (FIQ) measurement conceptual model, including guidelines for adequately handling personal finances in four developed areas to serve as benchmarks of financial intelligence. Four hypotheses were raised, one of them consists of four parts. Methods used: a questionnaire to determine how well a person’s financial decisions comply with financial behavi…
PERSONAL FINANCIAL MANAGEMENT BEHAVIOR USING DIGITAL PLATFORMS AND ITS DOMAINS
NEETU CHHILLAR · SWARANJEET ARORA · 2022-12 · Journal of Financial Management, Markets and Institutions
Personal Finance Management (PFM) is crucial to control money to ensure that people have a comfortable present as well as secure future. It’s important for every individual to manage his finance digitally in the digital age. This study aims to identify the main dimensions of PFM from literature review and empirically test the impact of its each domain on the overall Digitalized Financial Management Behavior (DFMB). A…
Financial technologies in personal financial planning: robo-advice vs. human-advice
Krzysztof Waliszewski · Anna Warchlewska · 2020-December · Ruch Prawniczy, Ekonomiczny i Socjologiczny
The paper presents the essence of financial technologies in personal financial planning, especially robo-advice. The main aim of the paper is to describe the presumptions for the development of robo-advice. An analysis of robo-advice on personal finance management was made. The analysis was based on a review of the subject literature, and on primary and secondary research. Particular attention was paid to the intensi…
Uncertainty under hyperbolic discounting: the cost of untying your hands
Christian Diego Alcocer · Julián Ortegón · Alejandro Roa · 2019-11 · Journal of Economics Finance and Administrative Science
Purpose - The relevance of present consumption bias on personal finance has been confirmed in several studies and has important theoretical and practical implications. It has important, measurable implications when analyzing commitment or self-control, adherence to healthy habits (e.g. exercising or dieting), procrastination tendencies or savings. The purpose of this paper is to contribute to our understanding of the…
Exploring racial differences in financial socialization and related financial behaviors among Ohio college students
Martha Fulk · Kenneth John White · 2018-1 · Cogent Social Sciences
This study examined how White and Black college students, particularly Black students, gain financial knowledge and skills. Recognizing that training in money management begins in childhood and adolescence, it is important to study the ways that college students adopt financial behaviors prior to pursuing higher education. Since, the availability of formal financial education is inconsistent across the American educa…
Peculiarities of individuals’Financial Behaviour
Daiva Jurevičienė · Eglė Gausienė · 2010-September · Business: Theory and Practice
The article deals with different interpretations of peculiarities of individuals’ financial behaviour. The adaptability of Efficient Market Hypothesis (rational and irrational investors’ behaviour and their influence on market efficiency) and Behavioural Finance (by separating into two building blocks: Cognitive Biases and Limits of Arbitrage) to individuals’ financial behaviour interpretation is summarized and compa…