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Impact of financial literacy on investment decisions: evidence from the nepal stock market Ghimire, Shiva Raj; Agarwal, Dr. Nirdosh Kumar; Chaurasiya, Dr. Sneha
Journal of Commerce, Management, and Tourism Studies Vol. 4 No. 3 (2025): Dec 2025
Publisher : YAYASAN MITRA PERSADA NUSANTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58881/jcmts.v4i3.402

Abstract

This study aims to investigate the impact of financial literacy on investment decision-making in the Nepal Stock Market. It particularly focuses on identifying disparities in financial literacy levels among investors and provides insights to inform policymakers and stakeholders in enhancing financial education programs across Nepal. A causal-comparative research design was employed, targeting investors in the Kathmandu Valley and representing all seven provinces of Nepal. Using a convenience sampling method, data were collected from 250 investors through a structured questionnaire. Analytical methods like descriptive statistics, correlation analysis, and multivariate regression were used to examine how different aspects of financial literacy—like knowledge, awareness, experience, skills, ability, and goals—affect investment decisions. The findings reveal that financial literacy significantly influences investment behavior, though the extent of influence varies across its components. Financial Knowledge (FKW) had a notably strong positive impact on investment decisions. Financial Awareness (FAW), Financial Experience (FEX), and Financial Skills (FSK) showed moderate effects. Financial Capability (FCP) emerged as a key determinant, while Financial Goals (FGL) exerted a substantial influence on decision-making. This study provides empirical evidence of the role of financial literacy in shaping investment behavior within the Nepalese context—a relatively underexplored area. It offers practical recommendations for enhancing financial literacy through personalized education programs, accessible learning resources, and institutional integration. These insights are valuable for fostering a more informed, rational, and inclusive investment environment in Nepal.
Echoes of devotion: Okokan in Tabanan as ritual sound, social cohesion, and Balinese spiritual life Sadiyani, Ni Wayan; Sutiarso, M. Agus; Sinaga, Firman; Hakim, Jumhur; Khan, Asma; Acharya, Chet Narayan; Agarwal, Dr. Nirdosh Kumar; Haque, Md. Alaul; Ajayi, Tijjani Ahmed
Journal of Education, Social & Communication Studies Vol. 3 No. 2 (2026): May 2026
Publisher : PT. MAWAMEDIA JAYAMUSTA BUANASIHA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71028/jescs.v3i2.50

Abstract

The Tektekan Okokan tradition of Kediri, Tabanan, is a surviving Balinese ritual using sonic instruments—Okokan, Kulkul, and Tengteng—to repel disease outbreaks (grubug) and neutralize negative forces in the village. Historically performed for days or even months following spiritual messages (pawisik) and signs of occult disturbance, today it is mainly held on Pengerupukan, the eve of Nyepi, as a replacement for ogoh-ogoh processions while circling the village. This practice inspires the creation of a contemporary fashion collection. Data on the tradition were obtained through literature study, observation, and documentation. The design process follows the eight‑stage Frangipani method (design brief; research and sourcing; design development; final collection; prototype, sampling, and construction; promotion, branding, and sales; production; and business). The resulting works comprise three categories—ready to wear, ready to wear deluxe, and haute couture—visualizing Tektekan Okokan through selected keywords and plague‑like, enveloping motif details that symbolically depict the village under attack and ritually protected.