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What is Financial Institution

Chapter 12
Behavioral-Based Interventions for Improving Public Policies
A company which is licensed to engage in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.
Published in Chapter:
The Impact of Financial Literacy on Financial Preparedness for Retirement in the Small and Medium Enterprises Sector in Uganda
Colin Agabalinda (ICT University, Cameroon) and Alain Vilard Ndi Isoh (ICT University, Cameroon)
Copyright: © 2021 |Pages: 23
DOI: 10.4018/978-1-7998-2731-3.ch012
Abstract
In social economic contexts characterized by young populations largely employed in the small and medium enterprise informal sector, retirement preparedness is an individual responsibility. This chapter explores the effects of age and financial literacy (knowledge, skills, attitudes, and behaviors) on retirement preparedness (RP). Primary data collected from a sample of n = 380 small and medium enterprise (SME) workers in Uganda is analyzed using SPSS. Measurement items are tested for validity and reliability to yield satisfactory composite reliability scores and average variance explained (AVE). Structural equation modelling (SEM) is used to test the hypotheses. The results reveal that specific behaviors, knowledge, and skills, but not attitudes, are significant predictors of RP. Also, that age does not significantly moderate the relationship between financial literacy and retirement preparedness. The chapter outlines practical implications for policymakers and financial educators in a developing country context.
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Chapter 3
Digital Business Transformation in the Banking Sector
Every company which engages in businesses which deal with financial or monetary transactions. Banks are included into this category as well as financial intermediaries or wealth managers.
Published in Chapter: Digital Business Transformation in the Banking Sector; From: Dynamic Strategic Thinking for Improved Competitiveness and Performance
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Chapter 25
Innovative Financing and its Implications on MSME Sector in India
An establishment that focuses on dealing with financial transactions, such as investments, loans and deposits. Conventionally, financial institutions are composed of organizations such as banks, trust companies, insurance companies and investment dealers.
Published in Chapter: Innovative Financing and its Implications on MSME Sector in India; From: Handbook of Research on Promotional Strategies and Consumer Influence in the Service Sector
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