Cross-sectional analysis reveals enhanced financial knowledge improves risk-taking propensity in undergraduate students, suggesting new educational frameworks may be beneficial.
Key Points
Financial knowledge positively influences both financial behavior and risk-taking tendencies among students.
Structural Equation Modeling analysis confirmed significant relationships between financial literacy, behavior, and risk propensity.
Data was collected from a survey of 513 undergraduate students using purposive sampling in Kathmandu Valley.
The findings support the need for comprehensive financial education programs to aid smart financial choices.