Paper Title
Financial Literacy and Financial Behavior of Management Undergraduates of Sri Lanka
Abstract
This study is an evaluation to underpin 'the relationship between financial literacy level and nature of the financial
behavior of undergraduates of Sri Lanka. The sample selected is 223 management undergraduates from three main government
universities in Sri Lanka. Knowledge on money management, savings, investment, credit and insurance has been considered
to measure the financial literacy level and undergraduates current and past manners related to same dimensions is used to
measure financial behaviour using questionnaire. The results suggest that financial literacy level of majority of the
undergraduates of the three universities is at a moderate level. Multiple Regression Analysis showed that apart from money
management financial literacy level on all other dimensions has significant positive effect not only on overall financial
behavior but also on individual dimensions.
Index Terms— Financial Literacy, Financial Behavior, Management Undergraduates