Study of Financial Literacy and Interpersonal Influence on Self-Evaluation Bias-An Empirical Analysis with Chinese Sample

Xiaoyuan Chu, Yuan Li, Jing Han

Abstract


Based on the theoretical analysis, with first-hand data collection and using multiple regression models, this study explored the relationship between financial literacy, interpersonal influence and self-evaluation bias and figured out interactive effect of financial literacy, interpersonal influence on self-evaluation bias. We draw on the following conclusions: (1) Three financial literacy factors (sophisticated financial literacy, basic financial literacy and numeracy) entered into the regression equation on self-evaluation bias, with a predictive power of 14.8%. (2) The interaction term of financial literacy and coworkers/classmates’ influence can negatively predict self-evaluation bias. (3) The interaction term of financial literacy and family members’ influence can negatively predict self-evaluation bias.


Full Text:

PDF


DOI: https://doi.org/10.11114/ijsss.v3i6.1179

Refbacks

  • There are currently no refbacks.


Paper Submission E-mail: ijsss@redfame.com

International Journal of Social Science Studies   ISSN 2324-8033 (Print)   ISSN 2324-8041 (Online)

Copyright © Redfame Publishing Inc.

To make sure that you can receive messages from us, please add the 'redfame.com' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.

-------------------------------------------------------------------------------------------------------------------------------------------------------------