The impact of financial literacy on entrepreneurial intention: the mediating role of saving behavior

Alshebami, A. S. and Al Marri, S. H. (2022) The impact of financial literacy on entrepreneurial intention: the mediating role of saving behavior. Frontiers in Psychology, 13, 911605. (doi: 10.3389/fpsyg.2022.911605) (PMID:35756317) (PMCID:PMC9226410)

Abstract

This study explored the impact of financial literacy (financial awareness) on potential entrepreneurs' intent in Saudi Arabia. It also examined saving behavior as a mediator in the relationship between financial literacy and entrepreneurial intention. The study's data were collected by an online questionnaire sent to a sample of 270 potential entrepreneurs at Abqaiq Applied College, affiliated with King Faisal University. Data analysis was done using partial least squares structural equation modeling (PLS-SEM). According to the findings, there is no direct relationship between financial literacy and entrepreneurial intent. However, it has been reported that saving behavior can mediate between financial literacy and entrepreneurial intent.

• Item Type: Articles
• Additional Information: This work was supported by the Saudi Investment Bank Chair for Investment Awareness Studies, the Deanship of Scientific Research, the Vice Presidency for Graduate Studies and Scientific Research, King Faisal University, Saudi Arabia [Grant No. 32].
• Keywords: Psychology, awareness, SMEs, Saudi Arabia, entrepreneurship, entrepreneurs
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Al Marri, Salem Handhal R
• Authors: Alshebami, A. S., and Al Marri, S. H.
• College/School: College of Social Sciences; College of Social Sciences > Adam Smith Business School; College of Social Sciences > Adam Smith Business School > Management
• Journal Name: Frontiers in Psychology
• Publisher: Frontiers Media
• ISSN: 1664-1078
• ISSN (Online): 1664-1078
• Copyright Holders: Copyright © 2022 Alshebami and Al Marri
• First Published: First published in Frontiers in Psychology 13: 911605
• Publisher Policy: Reproduced under a Creative Commons licence