Assessment of Financial Literacy and Its Impact on Investor’s Decisions in Saudi Arabia: A Study in the Context of Enabling Financial Planning to Strengthen Economic Development
Table 9
Results of hypothesis testing.
Hypotheses
Regression result
Result
Accept/reject
H1: financial literacy influences investors’ financial and investment decisions
Significant
(0.000 < 0.05)
Accepted
H2: financial literacy influences investors’ financial planning and investment decisions
Significant
(0.000 < 0.05)
Accepted
H3: financial literacy influences investors’ selection of financial products and investment decisions
Significant
(0.000 < 0.05)
Accepted
H4: investor’s perception and satisfaction will be influenced by financial literacy awareness facilities provided by banking and nonbanking financial institutions
