Josef Polák – College of Regional Development and Banking Institute – AMBIS, Department of Economics and Management,
Lindnerova 575/1, 180 00 Praha 8, Czech Republic
Zuzana Kozubíková – University of Žilina, Faculty of Managements and Informatics, Dpt. of Macro and Microeconomics, Univerzitná
8215/1, 010 26 Žilina, Slovakia
Aleš Kozubík – University of Žilina, Faculty of Managements and Informatics, Dpt. of Mathematical Methods and Operations
Research, Univerzitná 8215/1, 010 26 Žilina, Slovakia
6th International Conference – ERAZ 2020 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Online/virtual, May 21, 2020, SELECTED PAPERS
Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia
ISBN 978-86-80194-34-9, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.
Financial literacy belongs to the most important competences of all members of the modern
21-st century society. The authors present results of the research based on the personal finance index
that is recently developed an innovative measure of knowledge. The questionnaire research that has
been conducted among the students of two universities in the Czech and Slovak republic. It focused
on full-time and part-time students with the aim to verify the suggestion that practical experience of
distance learning students has a significant impact on the level of their financial literacy. Statistical
analysis of the data shows, that part-time students have achieved better results in all functional areas of
the personal finance index. Based on these findings authors also drew some conclusions for improving
education in this field.
Financial education, Financial management, Financial decision making, Statistical methods,
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Giesler, M., & Veresiu, E. (2014). Creating the Responsible Consumer: Moralistic Governance
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Kozubík, A., Kozubíková, Z., & Polák, J. (2019). Financial Literacy of Full-time and Part-time
University Students. International E-Journal of Advances in Education, 5(13), 35-43.
Kozubíková, Z. (2015). Financial Literacy as an Important Objective of the Education in Economics.
In P. Slavíčková (Ed.), Proceedings of the Conference: Knowledge for market use
2015: women in business in the past and present (s. 429 – 439). Olomouc: Societas Scientiarium
Lusardi, A., & Mitchell, O. S. (10 2011). Financial literacy around the world: an overview. Journal
of Pension Economics & Finance, 10(4), 497-508. doi:10.1017/S1474747211000448
Lusardi, A., Yakoboski, P. J., & Oggero, N. (2017). The TIAA Institute-GFLEC Personal Finance
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Consumer Finance Research (s. 163-183). New York: Springer.
Palac, S., Mabić, M., & Lucović, D. (2017). Financial Literacy Of Students At The University
Of Mostar (in Croatian). Conference Proceedings of the ERAZ 2017 (s. 230-237). Beograd:
Association of Economists and Managers of the Balkans – UdEkoM Balkan.
Polák, J., Kozubíková, Z., & Kozubík, A. (2018). Financial Literacy of University Students and
Effects of Practical Experience. SOCIOINT 2018, 5th International Conference on Education,
Social Sciences and Humanities -Abstracts and Proceedings, 02-04 July 2018,
Dubai, UAE (s. 17-26). Ocerint International Organization Center of Academic Research,
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