| Title |
Financial security attitudes and investment knowledge in the context of global uncertainty |
| Authors |
Jatautaitė, Dileta ; Kazimianec, Michail ; Radvilė, Eglė ; Terminas, Rolandas |
| DOI |
10.13165/PSPO-25-38-02-06 |
| Full Text |
|
| Is Part of |
Visuomenės saugumas ir viešoji tvarka = Public security of public order.. Kaunas : Mykolo Romerio universitetas. 2026, t. 38, Nr. 2, p. 291-302.. ISSN 2029-1701. eISSN 2335-2035 |
| Keywords [eng] |
Financial attitude ; investment knowledge ; behavioural finance ; crisis exposure ; financial behaviour ; SEM ; financial literacy ; uncertainty |
| Abstract [eng] |
Financial attitudes and investment knowledge are fundamental yet distinct determinants of individual financial decision-making amid macroeconomic instability and geopolitical uncertainty. This study investigates longitudinal changes in these constructs among International Business and Finance students at Vilnius University Business School amid sustained global volatility. A two-wave longitudinal design was used (2024: n = 147; 2026: n = 235). Structural equation modeling (SEM) in AMOS was used to examine direct, indirect, and mediating relationships among Crisis Exposure (CE), Financial Attitude (FA), Investment Knowledge (IK), and Financial Behavior (FB). Results indicate that financial attitude is the key psychological predictor of financial behaviour, both directly and indirectly via investment knowledge. Crisis exposure significantly influences financial attitudes, highlighting the role of macro-level instability in shaping micro-level behavioural outcomes. The model explains a substantial proportion (58%) of the variance in financial behaviour. The study contributes to behavioural finance literature by integrating crisis exposure as an exogenous structural determinant of financial cognition and behaviour. |
| Published |
Kaunas : Mykolo Romerio universitetas |
| Type |
Journal article |
| Language |
English |
| Publication date |
2026 |
| CC license |
|
