Financial Literacy and Its Impact on Investment Decisions in Nigeria: a Theoretical Perspective

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dc.contributor.authorMalgit, Amos Akims
dc.contributor.authorJagongo, Ambrose
dc.date.accessioned2020-01-29T12:45:47Z
dc.date.available2020-01-29T12:45:47Z
dc.date.issued2017-11
dc.descriptionResearch articleen_US
dc.description.abstractOver the years financial literacy has gain prominence in the field of investment all over the world. This is attributed to its importance in investment decision making. This study sought to explore the theoretical perspective of financial literacy and its impact on investment decisions in Nigeria. Decision theory, prospect theory and theory of mental accounting were adopted for the study. These theories provided more insight on the impact of financial literacy on investment decisions. The study is of the view that financial literacy of individuals positively impacts on their investment decisions. Therefore, successful investment decisions depend on the level of financial literacy of investors.en_US
dc.identifier.citationInternational Journal of Scientific Research and Innovative Technology, Vol. 4 No. 11; November 2017en_US
dc.identifier.issn2313-3759
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/20104
dc.language.isoenen_US
dc.subjectFinancial Literacyen_US
dc.subjectInvestment Decisionsen_US
dc.subjectDecision theoryen_US
dc.subjectProspect Theory and Theory of Mental Accountingen_US
dc.titleFinancial Literacy and Its Impact on Investment Decisions in Nigeria: a Theoretical Perspectiveen_US
dc.typeArticleen_US
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