5. Literature Review
Some related Articles which were
reviewed by researcher are…
Understanding personal financial
management may help people especially
youth to avoid regretting mistakes (Duguay,
2001).
Mooney (2008)
argued that lacking financial knowledge may
lead to a bad decision thus devastating
individuals,
families and finally the whole economy.
6. Literature Review
Cude et. al. (2006)
By looking into the financial management habits of
the students proved that some students do not
bother to manage their finances well and thus, are
financially at risk.
Sabri et. al. (2008)
Also reported that
students have lower financial well being which may
affect their academic achievements as well.
7. Methodology
This study has been conducted using survey
methodology and questionnaire for this study was
adopted from Shirazi (2009).
8. Sample Size
For research purpose, two top
universities of Lahore in commerce
field were selected.
Punjab University Lahore.(Public)
University of Central Punjab
Lahore.(Private)
9. Continued
300 Questionnaires were distributed
out of which 140 students respond.
Questionnaire contained 10
Investment related questions adopted
from Shirazi(2009).
11. Hypothesis
The following hypotheses are tested in
this study:
H01: Commerce students don’t have
appropriate level of investment
Knowledge.
H02: No significant difference exists in
sub groups of students with regard to
age, gender, job
experience, Degree, investment
experience.
13. Demographics of Sample continued
Work Experience
Frequency
Percentage
None
78
56.12
Less than 2 years
47
33.81
2-4 years
4
2.88
More than 4 years
10
7.19
Yes
54
38.57
No
86
61.43
Investment
Experience
15. Mean Average Score of student’s
Test
N
Minimum
Maximum
Mean
Standard
Deviation
140
00
90
51.7143
19.99794
16. Students Test Scores (Question
wise)
Question type
Numbers
Percentage
Stock
82
58.57
Bond
74
52.87
COD
93
66.43
Mutual fund
44
31.43
No load
14
10
Annual interest
61
43.57
Blue chip
76
54.29
Liquid assets
119
85
Risk
93
66.43
Credit rating
68
48.57
17. Other Tests Applied
Gender and investment knowledge T-test
Gender N
Mean
Standard Standard
deviation error mean
Mean
differenc
e
Male
98
53.7755
19.50497
1.97030
6.87075
Female
42
46.9048
20.54004
3.16940
T
1.880*
ANOVA Test applied on work experience
and investment knowledge.
18. Investment Preferences of the
Students
Factors
N
Mean
Standard
deviation
Return
136
4.1103
1.15901
Price
138
3.7319
1.12399
Risk
137
3.7226
1.12282
Shariah
Compliant
138
3.4855
1.43082
Professional
Advice
134
3.2537
1.28430
19. Conclusion
with this study, we have found the
inadequate knowledge of students in
spite of the fact that all these students
have studied finance as their major
subject. Moreover, differences with
regard to gender, age, work
experience and degree are also
evident in this study.
20. Implication
Education is not playing its part well
so changes is inevitable in order to
better align the curriculum and
teaching style with the practical world
outside for
which the education is provided to the
young ones so that they may develop
their skills and proficiencies to have a
successful career afterwards.
21. Continued
In order to better educate the people
more practical approach should be
adopted that should require students to
go and work in the organizations to
understand the practical aspects of their
learning.
Furthermore, workshops,
conferences, seminars, financial
counseling centers on campuses and
instituting formal need awareness
