Vol. 5 No. 2 (2017): BUSINESS & MANAGEMENT STUDIES: AN INTERNATIONAL JOURNAL
Articles

DETERMINATION OF FINANCIAL LITERACY LEVELS OF HEALTH PERSONNEL WORKING IN HOSPITALS AFFILIATED TO THE MINISTRY OF HEALTH: SIVAS PROVINCE EXAMPLE

PDF (Türkçe)
  • Fatih Altan,
  • Enis Baha BİÇER
Fatih Altan
Sakarya Üniversitesi, Sosyal Bilimler Enstitüsü, Sağlık Yönetimi ABD
Bio
Enis Baha BİÇER
Cumhuriyet Üniversitesi, Sağlık Bilimleri Fakültesi, Sağlık Yönetimi Bölümü
Bio
DOI: https://doi.org/10.15295/bmij.v5i2.130

Published 2017-09-16

How to Cite

Altan, F., & BİÇER, E. B. (2017). DETERMINATION OF FINANCIAL LITERACY LEVELS OF HEALTH PERSONNEL WORKING IN HOSPITALS AFFILIATED TO THE MINISTRY OF HEALTH: SIVAS PROVINCE EXAMPLE. Business & Management Studies: An International Journal, 5(2), 481–499. https://doi.org/10.15295/bmij.v5i2.130

Abstract

This research was conducted in order to determine the level of financial literacy of health professionals. Increasing the level of financial literacy will help individuals to make better financial decisions and thus to achieve financial welfare. This study is a descriptive and cross-sectional study. The sample of this research was calculated using the program "Raosoft" (www.raosoft.com) (N = 2750). A sample of 343 health personnel was included in the study by simple random sampling method. Data were analyzed using the IBM SPSS 22.00 program. Comparisons were performed by using Mann-Whitney U, Kruskal-Wallis, and Frequency tests. Participants' financial literacy levels were examined in terms of different demographic characteristics. As a result of the study, financial literacy achievement score was determined as 60%. Male health worker’ achievement scores were found to be higher than those of women. Variables such as income level, education level, cadre title were found to be influential on financial literacy level. The area in which health care staff were the most successful was “retirement and insurance (78%)” while the most unsuccessful area was "investment (37%)”. In addition, the information on the financial agenda was found to be less.
PDF (Türkçe)

Downloads

Download data is not yet available.

References

  1. Adeleke, T. (2013),"The Effects of Gender and Gender Role on the Financial Literacy of College Students", Wilmington, North Carolina: Oklahoma State University, July.
  2. Altıntaş, K. M. (2009), Belirlenmiş Katkı Esaslı Emeklilik Planlarında Finansal Eğitimin Önemi: Katılımcıların Finansal Okuryazarlığı Çerçevesinde Alternatif Bir Yatırım Eğitim Modeli, ZKÜ Sosyal Bilimler Dergisi, 5(9):151-176.
  3. Arano, K., C. Parker, Terry, R. (2010). Gender-based risk aversion and retirement asset allocation. Economic Inquiry. 48 (1): 147-155.
  4. ASIC (Austuralian Securities and Investment Commission (2011), “Financial Literacy Strategy”, Report 229.
  5. Atikson, A. ve Messy, F. (2012). Measuring Financial Literacy: Result of the OECD/International Network on Financial Education(INFE) Pilot Study, OECD Working Papers on Finance, Insurane and Private Pension, No:15, OECD Publishing.
  6. Bayer, P. J., B. D. Bernheim, Scholz, J. K. (1996). The effects of financial education in the workplace: evidence from a survey of employers. NBER Working Paper Series. 5655.
  7. Bernanke, B. S.(2011), “Financial Literacy” Statement by Ben S. Bernanke Chairman Board of Governors of the Federal Reserve System provided for the record of a hearing conducted by the Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia of the Committee on Homeland Security and Governmental Affairs U.S. Senate, Washington, D.C, 20 April.
  8. Biçer, E. B. ve Altan F. (2016). Üniversite Öğrencilerinin Finansal Okuryazarlık ile İlgili Tutum ve Davranışlarının Değerlendirilmesi. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 20(4), 1501-1517.
  9. Bodie, Z. (2006), A Note on Economic Principles and Financial Literacy, Networks Financial İnstitute at India State University Policy Brief, April.
  10. Chen, H. ve Volpe, R. P. (2002), “Gender Differences in Personal Financial Literacy Among College Students”, Financial Services Review, 11: 289-307.
  11. Dulebohn, J.H. (2002). An investigation of the determinants of investment risk behavior in employer-sponsored retirement plans. Journal of Management. 28 (1): 3-26.
  12. Dvorak, T. ve Hanley, H. (2010),"Financial Literacy And The Design Of Retirement Plans",The Journal of Socio-Economics, 39: 645-652.
  13. Fettahoğlu, S. (2015). Hane Halkının Finans Eğitimi ve Finansal Okuryazarlık Düzeyleri Üzerine Kocaeli’nde Bir Araştırma, Muhasebe ve Finansman Dergisi, 67, 101-116.
  14. Gathergood, J. (2012). Self-Control, Financial Literacy and Consumer Over-Indeptedness, Journal of Economic Psychology, 33, 590-602.
  15. Gibson, R., D. Michayluk, Venter, G.V. (2013). Financial risk tolerance: an analysis of unexplored factors. Financial Services Review. 22 (1): 23-50.
  16. Goel, I. and Khanna, S. R. (2013).“Financial Education as Tool to Achieve Financial Literacy”, Eastern Economic Forum.
  17. Gökmen, H. (2012), Finansal Okuryazarlık, Hiperlik Yayınları, İstanbul.
  18. Hilgert, M. A. ve Hogart, M. J. (2003) Household Financial Management: The Connection Between Knowledge and Behavior, Federal Reserve Bulletin, July: 309-322.
  19. Jorgensen, B. L. ve Savla, J. (2010),"Financial Literacy of Young Adults: The Importance of Parental Socialization", Family Relations, 59: 465-478.
  20. Karabacak, S. (2013), Yönetim Kurumları ve Finansal Okuryazarlık, Kurumsal Yönetim Dergisi, TKYD Yayını Sayı:19, İlkbahar 2013.
  21. Kılıç, Y., Ata, H. ve Seyrek, İ. (2015), Finansal Okuryazarlık: Üniversite Öğrencilerine Yönelik Bir Araştırma, Muhasebe ve Finansman Dergisi, 66: 129-150.
  22. Koenen, T. B. ve Lusardi, A. (2011), “ Financial literacy and Retirement Planning in Germany”, Working Paper 17110 (www.nber.org/papers/w17110 (E.T.: 05.07.2016)).
  23. Lerman, R. I.ve Bell, E. (2006), Financial Strategies: Where Do We Go From Here?, April 2006, Networks Financial Institute an India State University Policy Brief.
  24. Lusardi, A. (2008), Financial Literacy: An Essential Tool for Informed Consumer Choice?, Working Paper 14084 (http://www.nber.org/papers/w14084 (E.T.: 15.07.2016)).
  25. Lusardi, A. ve Mitchell, O.S. (2009), How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness, Working Paper 15350.
  26. Miller, M., Godfrey, N., Levesque, B. ve Stark, E. (2009). The Case for Financial Literacy in Developing Countries: Promoting Access to Finance by Empowering Consumers, OECD, The World Bank, DFID, CGAP.
  27. Rana, H.M., J. Khan, Baig, A. A. (2014). Information searches as a mediator between ıncome and risky decision-making behavior and ınfluence of education on risky decision-making behavior: a study from pakistan. The Business & Management Review. 4 (3), 81-93.
  28. Retirement Commission (2006), “National Strategy for Financial Literacy”, New Zealand.
  29. Rooij, M. C. J., A. Lusardi, Alessie, R. J. M. (2012). Financial literacy, retirement planning and household wealth. The Economic Journal. 122: 449-478.
  30. Sabri, M.F. ve MacDonald, M. (2010), “Saving Behavior and Financial Problems Among College Student: The Role of Financial Literacy in Malaysia”, Cross-Cultural Comminication, 6(3):103-110.
  31. SPK (Sermaye Piyasası Kurulu) (2012), Türkiye Finansal Yeterlilik Araştırması. (www.spk.gov.tr/duyurugoster.aspx?aid=20121116&subid=0&ct=f)
  32. TEB (Türkiye Ekonomi Bankası) (2013), Türkiye Finansal Okuryazarlık Erişim Endeksi. (www.teb.com.tr/upload/PDF/foe_endeks_rapor_2013.pdf (E.T.: 15.07.2016))
  33. Türkiye Cumhuriyeti Merkez Bankası (TCMB) (2011), Dünyada ve Türkiye’de Finansal Hizmetlere Erişim ve Finansal Eğitim, TCMB Yayınları, Ankara.
  34. Yıldırım, M., Bayram, F., Oğuz, A., & Günay, G. (2017). Financial Literacy Level of Individuals and Its Relationships to Demographic Variables. Mediterranean Journal of Social Sciences, 8(3), 19.
  35. World Bank (2011), Good Practices for Financial Consumer Protection, Consultative Draft.
  36. Worthington, A. C. (2006),"Predicting Financial Literacy in Australia", Financial Services Review, 15: 59-79.
  37. http://www.oecd.org/ (E.T.: 13.08.2016)