Bireysel Yatırımcıların Öz-Kontrolleri İle Finansal Güvenlikleri Arasındaki İlişkiye Finansal Okuryazarlığın Düzenleyici Rolü: Borsa İstanbul Üzerine Kanıtlar

Abstract

Bireyler finansal güvenliklerini sağlamak için farklı psikolojik davranışlar sergileyerek finansal davranışlarını ortaya koymaktadır. Öz-kontrolü yüksek olan bireyler finansal anlamda sürekli akılcı hareket etmek ister. Öz-kontrol ile birlikte bireyler finansal güvenliklerine daha fazla önem verirler. Öz-kontrolü yüksek olan bireyler daha fazla geleceği düşünür ve daha güvenilir finansal davranış sergiler. Bireylerin öz-kontrolünü artıracak ve finansal güvenliklerini sağlayacak önemli kavramlardan birisi de finansal okuryazarlıktır. Finansal okuryazarlık düzeyi yüksek olan bireylerin finansal davranışlarından duyacağı güven de yüksek olacaktır. Bu çalışmada Borsa İstanbul’da işlem yapan bireysel yatırımcıların öz-kontrollerinin finansal güvenliklerine etkisinde finansal okuryazarlığın düzenleyici rolü araştırılmıştır. Bu kapsamda hazırlanan anket formu Borsa İstanbul’da işlem yapan bireysel yatırımcılara tesadüfi örneklem yöntemi kullanılarak ulaştırılmış ve 503 bireysel yatırımcı çalışmaya geri dönüş sağlamıştır. Çalışma sonucunda öz-kontrol ile finansal güvenlik arasında istatistiksel anlamda pozitif yönlü bir ilişki tespit edilmiştir. Aynı zamanda finansal okuryazarlığın öz-kontrol ile finansal güvenlik arasındaki düzenleyici rolü de çalışmada kanıtlanmıştır.

Keywords

• Davranışsal Finans
• Finansal Okuryazarlık
• Finansal Güvenlik
• Öz-Kontrol

The Regulatory Role of Financial Literacy on the Relationship Between Self-Control and Financial Security of Individual Investors: Evidence on Borsa Istanbul

Abstract

Individuals reveal their financial behaviors by exhibiting different psychological behaviors to ensure their financial security. Individuals with high self-control want to act rationally financially. Along with self-control, individuals give more importance to their financial security. Individuals with high self-control think more about the future and display more reliable financial behaviors. One of the important concepts that will increase the self-control of individuals and ensure their financial security is financial literacy. Individuals with a high level of financial literacy will also have high confidence in their financial behavior. In this study, the moderation role of financial literacy in the effect of self-control of individual investors trading in Borsa Istanbul on their financial security was investigated. The questionnaire prepared in this context was sent to individual investors trading in Borsa Istanbul using the random sampling method, and 503 individual investors returned to the study. As a result of the study, a statistically positive relationship was determined between self-control and financial security. At the same time, the moderation role of financial literacy between self-control and financial security has been proven in the study.

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