International Journal of Business and Quality Research
Vol. 3 No. 02 (2025): April - June, International Journal of Business and Quality Research (IJBQR)

“Measuring Financial Capabilities of Individual Investors: A Systematic Review”

Papi Halder (University of Lucknow India)
Ram Milan (University of Lucknow, India)



Article Info

Publish Date
29 Mar 2025

Abstract

Financial capabilities are crucial for individual investors when making optimal selections. Due to the significance of financial capabilities and the lack of thorough summaries in recent study on this subject, this paper tries to analyze the measurements of financial capability, contemporary developments in research methods, and theoretical viewpoint from the social perspective. In this regard, we conducted a systematic review by selecting 55 papers published between 2007 and 2025 from the Scopus database. Our study found that financial capability is a multifaceted notion and can be measured in several manners: financial literacy, financial behavior, financial education, financial knowledge, financial attitude, financial confidence, financial self-efficacy, financial socialization, financial advice, and financial access. Furthermore, we performed a co-occurrence citation analysis of keywords from existing studies to identify the most influential predictors of financial capabilities. The current review also examines the inclination to incorporate significant theoretical dimensions into the research. This comprehensive investigation will provide academics, practitioners, and institutions in commerce and management with valuable information.

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Journal Info

Abbrev

IJBQR

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

International Journal of Business,and Quality research (IJBQR) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality empirical and ...