FROM FINANCIAL EDUCATION TO FINANCIAL LITERACY: MEDIATING ROLE OF FINANCIAL SELF-CONFIDENCE

Abstract

Exposure to basic financial education is commonly regarded as a fundamental element of financial literacy. This study investigates the impact of university-level finance courses on students’ financial literacy with a special emphasis on the mediating role of financial self-confidence. The research utilises data collected through a survey administered to students from the Faculty of Economics and Administrative Sciences at Afyon Kocatepe University. The survey encompassed a sample of 838 students. The collected data were analysed using Hayes' PROCESS Model 4. The findings reveal that success in finance courses has a positive effect on financial literacy. Moreover, part of the effect of a finance course's success is passed through financial self-confidence. This finding suggests that finance courses should not be delivered solely through theoretical instruction, but should also incorporate practice-based approaches that enhance students' self-confidence.