Amar Johri|M.U. Islam|Mustafa Kamal
Assessment of Financial Literacy and Its Impact on Investor’s Decisions in Saudi Arabia: A Study in the Context of Enabling Financial Planning to Strengthen Economic Development
Saudi Electronic University|Saudi Electronic University|Saudi Electronic University
significance financial literacy increasing faster todays world financial literacy provides individuals necessary adequate financial knowledge makes professionally aware managing finances plays vital role economic development economy study examines impact financial literacy investors financial decisions financial planning selection financial products financial literacy awareness program influence investors investment decisions order obtain information respondents employed questionnaire structured selfadministered investigation analyzes survey responses 360 respondents saudi arabia various statistical methods descriptive statistics correlation analysis analysis reliability analysis variance anova regression analysis utilized evaluate data obtained results obtained study indicated financial literacy significant impact investors financial decisions financial planning selection financial products influence investors investment decisions research also found financial literacy affected financial literacy awareness programs favorable influence investment decisions made investors studys findings help prospective investors understand importance raising financial knowledge future financial goals