Asia-Pacific Journal of Business Venturing and Entrepreneurship (벤처창업연구)

The Korean Society of Business Venturing (한국벤처창업학회)
권호 표지

Analysis of The Effects of NIE Approach in Financial Education on College Students: Focusing on Financial Literacy and Financial Management Behavior

NIE 학습방법을 통한 대학생 금융교육의 효과 분석: 금융이해력과 재무관리행동을 중심으로

  • Kang Gyung Lan (Pusan National University, Science and Technology Acceleration for Resign Academy)
  • 강경란 (부산대학교 융합학부 과학기술혁신전공)
  • Received : 2024.01.14
  • Accepted : 2024.02.26
  • Published : 2024.02.29
Download PDF
⟨ Previous Next ⟩

Abstract

This study analyzed the effects of the NIE (Newspaper in Education) learning method on the financial education of college students, focusing on how financial literacy impacts financial management behavior. For this purpose, college students enrolled in finance courses were divided into two groups: the experimental group, which participated in the NIE program, and the control group, which did not. After implementing the NIE program, independent sample t-tests and multiple regression analyses were conducted. The results of the study are as follows: First, in terms of sub-elements of financial literacy, the financial attitude in the experimental group was higher than in the control group. Second, there was no significant difference between the two groups in terms of financial knowledge and behavior. Third, in the experimental group, financial knowledge had a significant positive effect on financial management behavior. The results of this study confirmed that the NIE learning method is considerably effective in financial education, which is essential for college students to fulfill their role as economic agents leading sound financial lives.

본 연구는 대학생들의 금융교육에 있어 NIE(NIE: Newspaper in Education) 학습방법의 효과성에 주목하여, 금융이해력이 재무관리행동에 미치는 영향을 실증적으로 파악하고자 하였다. 분석을 위하여 금융과목을 수강하는 대학생들을 대상으로 NIE 미실시그룹과 NIE 실시그룹으로 구분하여 독립표본 t 검정과 다중회귀분석을 실시하였다. 연구 결과, 첫째, 금융이해력의 하위요소인 금융태도는 NIE 실시그룹이 NIE 미실시그룹보다 더 높은 것으로 나타났다. 둘째, 금융지식과 금융행위는 두 그룹 간에 차이가 나타나지 않았다. 셋째, NIE 실시그룹에서 금융지식은 재무관리행동에 유의미한 정(+)의 영향을 미치는 것으로 나타났다. 본 연구 결과로 대학생들이 건전한 금융생활을 영위하는 경제주체로 육성하는데 필요한 금융교육에 NIE 학습방법이 매우 효과적임을 확인할 수 있었다.

Keywords

References

  1. Bae, K., Jang, G. Y., Kang, H. G., & Tan, P.(2022). Early Financial Education, Financial Literacy, and Gender Equity in Finance. Asia-Pacific Journal of Financial Studies, 51(3), 372-400.
  2. Bank of Korea(2023). Results of the 2022 National Financial Literacy Survey. Retrieved(2023.03.29.), https://www.bok.or.kr/portal/cmmn/file/fileDown.do?menuNo=200690&atchFileId=FILE_000000000037734&fileSn=1
  3. Bernheim, B. D., Skinner, J., & Weinberg, S.(2001). What accounts for the variation in retirement wealth among US households?. American Economic Review, 91(4), 832-857.
  4. Burchi A., Wlodarczyk, B., Szturo, M., & Martelli, D.(2021). The Effects of Financial Literacy on Sustainable Entrepreneurship. Sustainability, 13(9), 50-70.
  5. Cha, K. W.(2007). Financial Management Patterns and Financial Knowledge of College Students. Korean Family Resource Management Association, 11(1), 1-20.
  6. Cha, K. W.(2023). Effects of Financial Knowledge, Self-efficacy, and Financial Distress on the Financial Management Behavior of Generation MZ: Comparison of Early-Millennials, Late-Millennials, and Generation Z. Financial Planning Review, 16(1), 161-191.
  7. Cho, S. Y., & Choi, H. J.(2023). Financial Socialization in Adolescents and Its Impact on Financial Management Behavior: Focus on the Mediating Effects of Financial Knowledge, Money Attitude, and Risk Tolerance. Consumer policy and education review, 19(3), 1-29.
  8. Choi, A. R., & Koo, J. Y.(2016). A Study on the Interrelationship between Financial Literacy and Financial Management Behaviors of University Students, Journal of the Korean Data Analysis Society, 18(5), 2637-2650.
  9. Choi, J. H., & Lee, H. W.(2023). Digital News Report in Korea 2023, Korea Press Foundation, 1-153. Retrieved(2024.01.15.) https://www.kpf.or.kr/front/research/selfDetail.do?seq=595788&link_g_homepage=F&link_g_topmenu_id=&link_g_submenu_id=&link_g_homepage=F
  10. DeRoche, E. F.(1991). The newspaper: A reference book for teachers and librarians. (No Title).
  11. Dwiastanti, A.(2015). Financial Literacy as the Foundation for Individual Financial Behavior. Journal of Education and Practice, 6(33), 99-105.
  12. Han, J. H., & Choe, H. C.(2013). The Process of Financial Socialization of the Young Adults. Financial Planning Review, 6(3), 81-118.
  13. Hwang, Y. S., & Kim, J. S.(2016), Study of Academic Effect of NIE, The Journal od the Korea Contents Association, 16(6), 695-705.
  14. Hong, H. S., & Lee, K. C.(1999). The Financial Management Behavior by the Types of Economic Instability in the Urban Households. Human Ecology Research(HER), 37(9), 39-56.
  15. Ivey, G., & Broaddus, K.(2000). Tailoring the fit: Reading instruction and middle school readers. The Reading Teacher, 54(1), 68-78.
  16. INFE/OECD(2012). High Level Principles on National Strategies for Financial Education(August 2012). Pais: OECD/INFE.
  17. Kang, G. L., & Park, C. W.(2023). A Study on the Effects of Financial Literacy and Financial Management Behavior on Entrepreneurship Awareness: Mediating Effect of Entrepreneurship. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 18(5), 175-183.
  18. Mandell, L.(2006). Financial literacy: If it's so important, why isn't it improving?. Networks Financial Institute Policy Brief, 08.
  19. Mandell, L., & Klein, L. S.(2009). The impact of financial literacy education on subsequent financial behavior. Journal of Financial Counseling and Planning, 20(1), 15-24.
  20. McCormick, M. H.(2009). The effectiveness of youth financial education: A review of the literature. Journal of Financial Counseling and Planning, 20(1). 70.
  21. Song, W. S.(2020). How effective is NIE for adolescents' in Korea?: Focusing on the Media Use, News Literacy nd Social Participation. Journal of Communication Science, 20(1), 49-76.
  22. Street, C.(2002). Teaching with the newspaper. The Social Studies, 93(3), 131-133.