Role of Financial Literacy in Shaping Investment Behaviour among Working Women: A Regional Perspective

Abstract

The role of financial literacy in shaping the investment behaviour of working women is a critical area of study, particularly in the context of regional disparities. As working women globally experience increased financial participation, it is essential to understand how financial literacy influences their investment choices and behaviour. Financial literacy equips women with the knowledge to manage finances effectively, make informed decisions, and mitigate biases such as risk aversion. However, regional differences, such as the urban-rural divide and socio-economic factors, significantly impact financial literacy levels and, consequently, investment behaviour. This paper explores the relationship between financial literacy and the investment behaviours of working women across various regions, highlighting the need for targeted financial education programs to bridge gaps and empower women financially. Studies from India, Indonesia, Nepal, and Pakistan provide valuable insights into how cultural, economic, and educational factors shape women’s investment choices. The findings suggest that improving financial literacy can enhance women’s confidence in making investment decisions and contribute to better financial outcomes.