Purpose

The main purpose of this study was to find out the relationship between financial literacy and financial behavior and to discover the mediating influence of family financial socialization on this relationship. The study also particularizes that how personal knowledge of finance of an employee and whatever they have learned through family socialization will help them to make sound decisions having a financial impact on them and their family.

Design/methodology/approach

Employees of financial institutions employed and residing in Lahore, Pakistan, were the target population of this report. It was a cross-sectional quantitative research study. By using a detailed questionnaire, primary data were obtained. The sample size was 330; through convenience sampling, employees employed in banks were chosen. Descriptive analysis, parametric test, reliability test, and correlational examination with the aid of SPSS 23 and the use of SmartPLS 3.0. are knowledge investigation techniques used in this examination study to infer outcomes.

Results/findings

The outcomes which are created from this exploration include: (1) there was no distinction in the financial conduct of representatives from various socioeconomics gatherings. Financial education has a critical positive relationship with financial behavior. (2) Family financial socialization additionally shows a huge positive relationship with financial education and financial behavior. (3) Financial education demonstrated a remarkable abnormal impact on financial behavior through family financial socialization. (4) Family financial socialization shows partial mediation between financial literacy and financial behavior. We can accomplish that formal, as well as informal, training of finance decides the financial behavior of people.

Originality/value

This study is the first of this kind to examine the association between financial literacy, and financial behavior using family financial socialization as a mediator and employees of financial institutions as the target population.

中文翻译：

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巴基斯坦拉合尔金融机构家庭金融社会化中介效应的金融素养与金融行为

目的

本研究的主要目的是找出金融素养与金融行为之间的关系，并发现家庭金融社会化对这种关系的中介影响。该研究还特别指出，员工的个人财务知识以及他们通过家庭社交所学到的一切将如何帮助他们做出对他们和他们的家人产生财务影响的合理决策。

设计/方法/方法

在巴基斯坦拉合尔就业和居住的金融机构员工是本报告的目标人群。这是一项横断面定量研究。通过使用详细的问卷，获得了原始数据。样本量为 330；通过便利抽样，选择了在银行工作的员工。借助 SPSS 23 和 SmartPLS 3.0 进行描述性分析、参数检验、可靠性检验和相关性检验。是本考试研究中用于推断结果的知识调查技术。

结果/发现

这种探索产生的结果包括：（1）来自各种社会经济学会议的代表的财务行为没有区别。金融教育与金融行为具有重要的正相关关系。(2)家庭理财社会化与理财教育、理财行为也呈现出巨大的正相关关系。(3)理财教育通过家庭理财社会化表现出对理财行为的显着异常影响。(4)家庭金融社会化在金融素养与金融行为之间存在部分中介作用。我们可以实现正式和非正式的财务培训决定人们的财务行为。

原创性/价值

本研究首次以家庭金融社会化为中介，以金融机构员工为目标人群，研究金融素养与金融行为之间的关联。