Validity and reliability analysis of a financial literacy scale in university students in Peru
The relevance and urgency of financial education have been notable in recent years as it seeks to contribute to the common good of society, particularly for the younger population. This study presents a validated financial literacy (FL) scale for Peruvian university students with a favorable degree...
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| Formato: | Artículo |
| Lenguaje: | inglés |
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2025
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| _version_ | 1881508874605821952 |
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| author | Chávez-Ruiz, Mervin Juan García-Salirrosas, Elizabeth Emperatriz Ezcurra-Zavaleta, Ghenkis A. Bejarano Auqui, Jesus Fernando |
| author_browse | Bejarano Auqui, Jesus Fernando Chávez-Ruiz, Mervin Juan Ezcurra-Zavaleta, Ghenkis A. García-Salirrosas, Elizabeth Emperatriz |
| author_facet | Chávez-Ruiz, Mervin Juan García-Salirrosas, Elizabeth Emperatriz Ezcurra-Zavaleta, Ghenkis A. Bejarano Auqui, Jesus Fernando |
| author_sort | Chávez-Ruiz, Mervin Juan |
| collection | Producción científica |
| description | The relevance and urgency of financial education have been notable in recent years as it seeks to contribute to the common good of society, particularly for the younger population. This study presents a validated financial literacy (FL) scale for Peruvian university students with a favorable degree of reliability. The FL scale analyzed includes two dimensions: financial behavior and attitude. To carry out this study, 400 university students from 15 different public and private universities from the coast, mountains, and jungle of Peru were surveyed. Confirmatory factor analysis provided adequate support for the two-factor model with 11 items (CMIN/DF =2.602; CFI =0.974; RMSEA =0.063; SRMR =0.045; and PClose =0.061), in addition to showing good internal consistency based on the values of Alpha (0.915, 0.873) and CR (0.916, 0.875). The results suggest that the scale presents adequate psychometric evidence to measure financial literacy in university students. Thus, it aims to contribute to the advancement of the scientific study of financial education in Peru. |
| format | Article |
| id | oai:cris.upeu.edu.pe:20.500.15037/190 |
| institution | UPeU |
| language | English |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| record_format | dspace |
| spelling | oai:cris.upeu.edu.pe:20.500.15037/1902026-11-02T22:00:12ZValidity and reliability analysis of a financial literacy scale in university students in PeruChávez-Ruiz, Mervin JuanGarcía-Salirrosas, Elizabeth EmperatrizEzcurra-Zavaleta, Ghenkis A.Bejarano Auqui, Jesus FernandoSocial Sciences Business, Management and Accounting Accounting Financial Literacy, Pension, Retirement AnalysisSocial Sciences Business, Management and Accounting Accounting Financial Literacy and BehaviorSocial Sciences Psychology Clinical Psychology Gambling Behavior and TreatmentsThe relevance and urgency of financial education have been notable in recent years as it seeks to contribute to the common good of society, particularly for the younger population. This study presents a validated financial literacy (FL) scale for Peruvian university students with a favorable degree of reliability. The FL scale analyzed includes two dimensions: financial behavior and attitude. To carry out this study, 400 university students from 15 different public and private universities from the coast, mountains, and jungle of Peru were surveyed. Confirmatory factor analysis provided adequate support for the two-factor model with 11 items (CMIN/DF =2.602; CFI =0.974; RMSEA =0.063; SRMR =0.045; and PClose =0.061), in addition to showing good internal consistency based on the values of Alpha (0.915, 0.873) and CR (0.916, 0.875). The results suggest that the scale presents adequate psychometric evidence to measure financial literacy in university students. Thus, it aims to contribute to the advancement of the scientific study of financial education in Peru.Articlehttps://hdl.handle.net/20.500.13067/3855https://hdl.handle.net/20.500.15037/190W7155281589enLA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Científicas)2025-03-012026-06-13T07:49:38Z2026-06-13T07:49:38Z |
| spellingShingle | Social Sciences Business, Management and Accounting Accounting Financial Literacy, Pension, Retirement Analysis Social Sciences Business, Management and Accounting Accounting Financial Literacy and Behavior Social Sciences Psychology Clinical Psychology Gambling Behavior and Treatments Chávez-Ruiz, Mervin Juan García-Salirrosas, Elizabeth Emperatriz Ezcurra-Zavaleta, Ghenkis A. Bejarano Auqui, Jesus Fernando Validity and reliability analysis of a financial literacy scale in university students in Peru |
| title | Validity and reliability analysis of a financial literacy scale in university students in Peru |
| title_full | Validity and reliability analysis of a financial literacy scale in university students in Peru |
| title_fullStr | Validity and reliability analysis of a financial literacy scale in university students in Peru |
| title_full_unstemmed | Validity and reliability analysis of a financial literacy scale in university students in Peru |
| title_short | Validity and reliability analysis of a financial literacy scale in university students in Peru |
| title_sort | validity and reliability analysis of a financial literacy scale in university students in peru |
| topic | Social Sciences Business, Management and Accounting Accounting Financial Literacy, Pension, Retirement Analysis Social Sciences Business, Management and Accounting Accounting Financial Literacy and Behavior Social Sciences Psychology Clinical Psychology Gambling Behavior and Treatments |
| topic_facet | Social Sciences Business, Management and Accounting Accounting Financial Literacy, Pension, Retirement Analysis Social Sciences Business, Management and Accounting Accounting Financial Literacy and Behavior Social Sciences Psychology Clinical Psychology Gambling Behavior and Treatments |
| url | https://hdl.handle.net/20.500.13067/3855 https://hdl.handle.net/20.500.15037/190 |
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