Conceptualisation and Measurement of Financial Competence

This Open access book offers a pivotal contribution to the field of financial literacy research as it advances the understanding of financial literacy as a holistic competence encompassing cognition, motivation, emotion, attitude, behaviour and their interrelationships. It provides a comprehensive o...

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Sprog:engelsk
Udgivet: Springer Nature 2025
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collection Directory of Open Access Books
description This Open access book offers a pivotal contribution to the field of financial literacy research as it advances the understanding of financial literacy as a holistic competence encompassing cognition, motivation, emotion, attitude, behaviour and their interrelationships. It provides a comprehensive overview and evaluation of concepts, constructs and frameworks related to financial literacy and instruments used to measure financial competence. The work also discusses identification, synthesis and systematisation of a wide range of cognitive and non-cognitive influences on financial behaviour. The book not only introduces a unique, holistic model of financial competence, but also presents a draft of an innovative technology-based test instrument designed to simulate and trace complex financial decision-making processes and elucidate challenges confronted in complex problem-solving situations. The aim of this book is to shift from an isolated focus on individual cognitive facets (mainly knowledge) to a holistic modeling of competence in order to systematise the landscape of research on financial literacy and financial competence. The work is instrumental for researchers, educators and policymakers in advancing their understanding and methodologies and in paving the way for effective financial education interventions and promoting financially competent behaviour.
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id doab-20.500.12854ir-168428
institution Directory of Open Access Books
language eng
publishDate 2025
publishDateRange 2025
publishDateSort 2025
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publisherStr Springer Nature
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spelling doab-20.500.12854ir-1684282025-10-21T05:31:26Z Conceptualisation and Measurement of Financial Competence Förster, Manuel Hommel, Mandy Open Access Financial education Financial competence Action-based financial literacy Financial behaviour Financial literacy frameworks Personal financial well-being Financial decision making and actions Financial capability Financial knowledge Financial education curricula thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors thema EDItEUR::J Society and Social Sciences::JN Education thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBL Sociology: work and labour thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology This Open access book offers a pivotal contribution to the field of financial literacy research as it advances the understanding of financial literacy as a holistic competence encompassing cognition, motivation, emotion, attitude, behaviour and their interrelationships. It provides a comprehensive overview and evaluation of concepts, constructs and frameworks related to financial literacy and instruments used to measure financial competence. The work also discusses identification, synthesis and systematisation of a wide range of cognitive and non-cognitive influences on financial behaviour. The book not only introduces a unique, holistic model of financial competence, but also presents a draft of an innovative technology-based test instrument designed to simulate and trace complex financial decision-making processes and elucidate challenges confronted in complex problem-solving situations. The aim of this book is to shift from an isolated focus on individual cognitive facets (mainly knowledge) to a holistic modeling of competence in order to systematise the landscape of research on financial literacy and financial competence. The work is instrumental for researchers, educators and policymakers in advancing their understanding and methodologies and in paving the way for effective financial education interventions and promoting financially competent behaviour. 2025-10-21T05:31:26Z 2025-10-21T05:31:26Z 2025-10-20T11:13:03Z 2026 book ONIX_20251020T130859_9783031956904_18 https://library.oapen.org/handle/20.500.12657/107651 9783031956904 9783031956898 https://directory.doabooks.org/handle/20.500.12854/168428 eng SpringerBriefs in Education; Education; Education (R0) open access image/jpeg n/a https://library.oapen.org/bitstream/20.500.12657/107651/1/9783031956904.pdf Springer Nature Springer 10.1007/978-3-031-95690-4 10.1007/978-3-031-95690-4 9fa3421d-f917-4153-b9ab-fc337c396b5a 9783031956904 9783031956898 Springer 182 Cham open access
spellingShingle Open Access
Financial education
Financial competence
Action-based financial literacy
Financial behaviour
Financial literacy frameworks
Personal financial well-being
Financial decision making and actions
Financial capability
Financial knowledge
Financial education curricula
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors
thema EDItEUR::J Society and Social Sciences::JN Education
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics
thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBL Sociology: work and labour
thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology
Conceptualisation and Measurement of Financial Competence
title Conceptualisation and Measurement of Financial Competence
title_full Conceptualisation and Measurement of Financial Competence
title_fullStr Conceptualisation and Measurement of Financial Competence
title_full_unstemmed Conceptualisation and Measurement of Financial Competence
title_short Conceptualisation and Measurement of Financial Competence
title_sort conceptualisation and measurement of financial competence
topic Open Access
Financial education
Financial competence
Action-based financial literacy
Financial behaviour
Financial literacy frameworks
Personal financial well-being
Financial decision making and actions
Financial capability
Financial knowledge
Financial education curricula
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors
thema EDItEUR::J Society and Social Sciences::JN Education
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics
thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBL Sociology: work and labour
thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology
topic_facet Open Access
Financial education
Financial competence
Action-based financial literacy
Financial behaviour
Financial literacy frameworks
Personal financial well-being
Financial decision making and actions
Financial capability
Financial knowledge
Financial education curricula
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors
thema EDItEUR::J Society and Social Sciences::JN Education
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics
thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBL Sociology: work and labour
thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology
url ONIX_20251020T130859_9783031956904_18