Thi Anh Nhu Nguyen|Zoltán Rózsa|Jaroslav Belás|?udmila Belásová
The effects of perceived and actual financial knowledge on regular personal savings: Case of Vietnam
Tomas Bata University in Zlín|School of Economics and Management of Public Administration in Bratislava|University of Prešov|Tomas Bata University in Zlín|School of Economics and Management of Public Administration in Bratislava|University of Prešov|Tomas Bata University in Zlín|School of Economics and Management of Public Administration in Bratislava|University of Prešov
paper examines factors affect decisionmaking regular personal saving behaviour context emerging market vietnamfocusing financial literacy paper uses combined measure actual financial knowledge selfassessment overall financial knowledgethe sample study consists 240 commercial banks customers selected 12 branches four banks ho chi minh citythe questionnaire covers 1 actual financial knowledge 2 selfrating financial knowledge 3 financial risk tolerance 4 demographic characteristics respondentsthe results logistic regression analysis show perceived actual financial literacy separate effects regular personal savingparticularly actual financial knowledge statistically significant positive relationship regular personal saving odds ratio higher 65 timeshowever perceived financial knowledge financial risk tolerance factor statistically significant regular personal savingfinally paper offers evidence interaction variable used combine education level major study statistically significant relationship regular personal saving