• Login
    View Item 
    •   UCUDIR Home
    • Conference articles and proceedings, Working papers, Technical papers
    • SME Conference (Faculty of Business and Administration)
    • Conference papers
    • View Item
    •   UCUDIR Home
    • Conference articles and proceedings, Working papers, Technical papers
    • SME Conference (Faculty of Business and Administration)
    • Conference papers
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Financial literacy and household investment choices in Uganda

    Thumbnail
    View/Open
    Kasalirwe_Financial literacy and household investment choices in Uganda_2013.pdf (950.7Kb)
    Date
    2013
    Author
    Kasalirwe, Fred
    Lokina, Razack
    Metadata
    Show full item record
    Abstract
    This study, aims at investigating the relationship between financial literacy and household investment choices. Specifically, the study establishes whether households with high financial literacy levels are more likely to choose to invest; through a bank investment account, with an informal group, in a personal business or invest in Agriculture. Financial literacy is measured using three questions that capture an understanding of the basic financial concepts of interest rate, discounting and borrowing. Both univariate and multivariate analysis techniques and a Probit model are used to tease out the levels of financial literacy, its determinants and its relationship with household investment choices. The study results reveal low levels of financial literacy in Uganda. Also, the study reveals that financial literacy is significantly associated with household socio-demographic factors. The study finds that, financial literacy is positively and significantly associated with household investment choices. The study establishes a key investment venture of Agriculture which requires to be revamped since it is neglected yet it is still very essential to the country’s economy. The results also contribute to the government’s National Financial Literacy Strategy by establishing the population segments that is most/least financially literate hence such initiatives should be directed towards such population groups with low financial literacy levels.
    Use this URI to cite this item:
    https://hdl.handle.net/20.500.11951/126
    Collections
    • Conference papers [4]

    UCUDIR copyright © 2017-2019  UCU Library |  Search Library Catalogue
    Contact Us | Send Feedback
     
    Atmire NV
     

     

    Browse

    All of UCUDIRCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    UCUDIR copyright © 2017-2019  UCU Library |  Search Library Catalogue
    Contact Us | Send Feedback
     
    Atmire NV