Do Financial Literacy and Financial Information Influence Financial Decision? Mediated by Financial Behavior


  • Waqar Dilshad PhD Scholar, NCBA&E, Multan, Pakistan
  • Mehak Ali PhD Scholar, NCBA&E Multan, Pakistan
  • Syed Muhammad Kamran Javed MBA, NCBA&E,¬†Pakistan


Financial Literacy, Financial Information, Financial Decision, Financial Behavior


Financial literacy becomes a modern issue in academics or policy circles, both in developed & developing countries. In this research, we commence with important factors such as financial literacy, financial behavior and then it discussed that how these factors impact on the financial behavior and financial decisions. After the usage of financial behavior as a mediator, the decision maker can make better financial decisions as he or she thinks fit. Our research will prove to be a very valuable to find those impacts. It also gives knowledge to government & policy-makers to play their significant role in finance ministry, enterprises, industrialization and the state bank of Pakistan on the requirement of spreading financial education at school level to empower economy of this nation. Therefore, to conduct this study population chosen from private and government college Lecturers of Pakistan, having Masters, Mphil and Phd degree holders. Non-probability convenience - based sampling technique for collecting the data was used in this study and sample size would be the 270 respondents of Multan, Pakistan. Results are analyzed by using a software Smart-PLS and SPSS and found that financial literacy could play the significant role to raise the power of the financial decisions in private and government college teachers of Multan (Pakistan), Financial information is the source to strengthen the financial decisions, financial behavior increases the relationship in between financial literacy and financial decisions, Financial Behavior also significantly contribute the financial decisions of lecturers. Financial literacy is also positively related with financial information. As, more the financial literacy and financial information and with financial behavior will enable the lecturers to make better financial decisions.