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Financial Management Behavior Among Young Adults: The Role of Need for Cognitive Closure in a Three-Wave Moderated Mediation Model

机译:年轻人中的财务管理行为:认知封闭的需求在三波调节中介模型中的作用

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摘要

This three-wave study aims to explore whether the impact of investment literacy on the financial management behavior is mediated by investment advice use and moderated by the need for cognitive closure. A total number of 272 financially independent adults, under 40 years, completed questionnaires at three different times with 3-month intervals. The results reveal that employees with more investment advice use and characterized by high need for cognitive closure show a higher level of financial management behavior, in relation to both the urgency (seizing) of getting knowledge and the permanence (freezing) of such knowledge. The present study contributes to better understand how and when investment literacy drives well-informed and responsible financial behavior. According to these results, interventions to improve financial behavior should focus on the combination of investment advice use and metacognitive strategies used by individuals to make financial decisions.
机译:这项三波研究旨在探讨投资素养对财务管理行为的影响是否由投资建议的使用来介导,以及是否需要认知封闭来缓解。共有272名40岁以下的经济独立成年人在3个不同的时间间隔(三个月)完成了问卷调查。结果表明,与获取知识的紧迫性(冻结)和这种知识的持久性(冻结)有关,使用更多投资建议并具有较高认知关闭需求的员工表现出更高水平的财务管理行为。本研究有助于更好地了解投资素养如何以及何时推动知情和负责任的财务行为。根据这些结果,改善财务行为的干预措施应着重于使用投资建议和个人用于制定财务决策的元认知策略的组合。

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