Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 566-576 |
| Number of pages | 11 |
| Journal | Journal of Family and Economic Issues |
| Volume | 39 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 1 Dec 2018 |
| Externally published | Yes |
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Keywords
- Chinese adolescents
- Financial capability
- Parental financial socialization
Cite this
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Parental Socialization and Financial Capability Among Chinese Adolescents in Hong Kong. / ZHU, Yuefeng.
In: Journal of Family and Economic Issues, Vol. 39, No. 4, 01.12.2018, p. 566-576.Research output: Journal Publications › Journal Article (refereed)
TY - JOUR
T1 - Parental Socialization and Financial Capability Among Chinese Adolescents in Hong Kong
AU - ZHU, Yuefeng
PY - 2018/12/1
Y1 - 2018/12/1
N2 - The financial capability of adolescents is important because it establishes cognitive and behavioral patterns that enable them to manage their financial resources in later life. Analyzing the data collected in a sample of 946 adolescent Chinese students from Hong Kong (55.7% female, mean age = 14.5, range 12–18 years), the present study found parental socialization (i.e., direct parental teaching and parental financial norms) influenced adolescents’ financial behavior through via financial learning outcomes (i.e., subjective financial knowledge, adoption of modeled parental financial behavior, and objective financial knowledge) and financial attitudinal variables (i.e., perceived behavioral control and financial attitude). The findings suggest parents should intentionally teach financial knowledge, and convey clear and positive financial norms to adolescents.
AB - The financial capability of adolescents is important because it establishes cognitive and behavioral patterns that enable them to manage their financial resources in later life. Analyzing the data collected in a sample of 946 adolescent Chinese students from Hong Kong (55.7% female, mean age = 14.5, range 12–18 years), the present study found parental socialization (i.e., direct parental teaching and parental financial norms) influenced adolescents’ financial behavior through via financial learning outcomes (i.e., subjective financial knowledge, adoption of modeled parental financial behavior, and objective financial knowledge) and financial attitudinal variables (i.e., perceived behavioral control and financial attitude). The findings suggest parents should intentionally teach financial knowledge, and convey clear and positive financial norms to adolescents.
KW - Chinese adolescents
KW - Financial capability
KW - Parental financial socialization
UR - http://www.scopus.com/inward/record.url?scp=85050978249&partnerID=8YFLogxK
U2 - 10.1007/s10834-018-9584-5
DO - 10.1007/s10834-018-9584-5
M3 - Journal Article (refereed)
VL - 39
SP - 566
EP - 576
JO - Journal of Family and Economic Issues
JF - Journal of Family and Economic Issues
SN - 1058-0476
IS - 4
ER -