Children's understanding of financial literacy and parents' choice of financial knowledge learning methods in Malaysia

Logasvathi Murugiah; Rusmawati Ismail; Hasniza Mohd Taib; Shri Dewi Applanaidu; Muhamad Noor Habibi B.Hj. Long

MethodsX · 2023-09-16
Research article · Published full-text version held by Europe PMC · CC BY 4.0 · 5,844 words

Original source: Volume 11 · 102383

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Title: Children's understanding of financial literacy and parents' choice of financial knowledge learning methods in Malaysia
Authors / creators: Logasvathi Murugiah; Rusmawati Ismail; Hasniza Mohd Taib; Shri Dewi Applanaidu; Muhamad Noor Habibi B.Hj. Long
Source: Complete manuscript edition 2026-11-05
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Original authors / creators: Logasvathi Murugiah; Rusmawati Ismail; Hasniza Mohd Taib; Shri Dewi Applanaidu; Muhamad Noor Habibi B.Hj. Long
Original publication: MethodsX · Elsevier · 2023-09-16
Source & version: Authoritative source ↗ · Published full-text version held by Europe PMC
doi:10.1016/j.mex.2023.102383
License & retained notices: CC BY 4.0
© 2023 The Authors. Published by Elsevier B.V.
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https://creativecommons.org/licenses/by/4.0/This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). Article-specific license URI: https://creativecommons.org/licenses/by/4.0/
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Evidence limits: Adjacent research, not a directly sampled family-office study. Applicability to a family office requires separate assessment. One of the limitations of this study is the use of simple random sampling, which resulted in an unequal tabulation of respondents by race. Another limitation of the study is the geographical restriction to only northern part of Peninsular Malaysia, which limits the generalizability of the findings to a larger population. Additionally, the Covid-19 pandemic, however, has caused some challenges for researchers. To comply with the movement-control order (MCO) issued by the authorities, it is necessary to adjust the data gathering method from interviews to the distribution of online surveys. Further research should consider using stratified sampling to ensure a more equal representation of different races in the sample. Furthermore, future studies should aim to expand the geographic scope of the research the whole states of Malaysia in order to obtain more comprehensive and meaningful results. Further, a deeper analysis of the specific areas in which students demonstrated proficiency and the areas that may require further attention would provide richer insights. This could guide educators and policymakers in tailoring interventions effectively. By addressing these limitations, future research can provide a more comprehensive understanding on the impact of financial literacy on children from different races and regions.
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