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Assessment of behavioural outcomes of financial education workshops on financial behaviour of the participants: An experimental study

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Abstract

The present study attempts to evaluate the behavioural outcomes of financial education workshops on the financial behaviour of participants (homemakers) in the state of Gujarat, India. A series of financial education workshops were conducted for 300 homemakers in November–December 2012. A pre- and post-survey design was used. In the pre-survey, the participants were asked to complete a questionnaire before they were invited to attend the financial education workshops. The follow-up survey data were collected 3 months after completion of the workshops. The effect of the financial education workshops on the financial behaviour of participants was assessed using 22 variables of financial behaviour, including cash, credit, saving and investment behaviour. The data were analysed using paired t-tests. The study finds that there is a positive effect of financial education workshops on the financial behaviour of participants. Specific findings may help financial education providers to design and implement such programmes more effectively and may provide guidelines to assess their impact.

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Acknowledgements

Authors would like to acknowledge Youth Empowerment Santhan, Mehsana District Education Foundation, Ganpat Vidyanagar, Mehsana, Gujarat for providing needed infrastructural facilities during the entire research study.

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Authors and Affiliations

  1. Harsha Vijaykumar Jariwala, V.M. Patel Institute of Management, Ganpat University, Mehsana-Gozariya Highway, Mehsana, 384 012, North Gujarat, India

    Harsha Vijaykumar Jariwala & Mahendra S Sharma

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  1. Harsha Vijaykumar Jariwala
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  2. Mahendra S Sharma
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Appendix

Appendix

Table A1

Table A1 Codebook for 22 financial behaviour statements
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Jariwala, H., Sharma, M. Assessment of behavioural outcomes of financial education workshops on financial behaviour of the participants: An experimental study. J Financ Serv Mark 18, 241–256 (2013). https://doi.org/10.1057/fsm.2013.17

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