Financial Literacy in Agricultural Products Industry: The Case of Kastamonu

Yıl 2019, Cilt: 34 Sayı: 1, 57 - 66, 30.06.2019

Tolga ULUSOY Mehmet Yunus ÇELİK

https://doi.org/10.28955/alinterizbd.542361

Öz

The aim of this study
was to reveal the literacy in banking sector of real or legal bank clients who
have the right to take commercial and agricultural loans, have bank accounts
and are operating in agricultural products industry in Kastamonu city center
and districts, and which groups are more financially literate. In the study,
the data was acquired by using face-to-face survey method with 400 real and
legal persons who are operating in agricultural products industry, and it was
determined that the financial literacy level of bank clients increase as the
educational level increases. In the survey created in order to measure their
knowledge about banking, among the answers given by those concerned, we have
tried to determine problems that were considered to be related to each other.
Considering the results obtained from the research, suggestions were developed,
regarding what must be done in order to improve the banking sector literacy of
bank clients in Kastamonu. The survey data indicate that the farmers are not
attending to the banking sector at a professional level.

Anahtar Kelimeler

Banking sector, Bank loans, Agricultural products, Kastamonu

Kaynakça

• Akdağ, G. (2018). Financial literacy of individual investors in TR 81 level 2 region (Bartın, Karabük, Zonguldak) and the factors that directs individuals in taking financial investment decision (Master's thesis, Bartın University, Institute of Social Sciences).
• Aksu, E. (2012). Causal relationships between the agricultural loans and agricultural industry between 2003 - 2011 (Master's thesis, ESOGÜ, Institute of Social Sciences).
• Aydın, Ü., & Büşra, AĞAN (2018). The Effect of Irrational Decisions on the Financial Investment Preferences: An Implementation within the Frame of Behavioral Finance. Ekonomik Ve Sosyal Araştırmalar Dergisi (Journal of Economic and Social Researches).
• Bayrak, A. Z., & PELENK, S. E. (2018). The Determination of Financial Literacy Levels and Proactive Personalities of University Students: Recep Tayyip Erdoğan University Fındıklı Applied Sciences Vocational School Case The Determination of Financial Literacy Levels and Proactive Personalit. In ICPESS (International Congress on Politic, Economic and Social Studies) (No. 4).
• Bayrakdaroğlu, A., & Bilge, S.(2018) A Study on the Effect of Financial Education on Financial Literacy in Women. Sosyal Ve Beşeri Bilimler Araştırmaları Dergisi (Journal of Social and Human Sciences Researches, 19(42 Kadın Çalışmaları Özel Sayısı (Special Issue for Women's Researches)), 97-120.
• Berekeci, N. E., & Ayrıçay, Y.(2018) Islamic Financial Literacy: A Field Study at Kahramanmaraş Sütçü İmam University. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi (Journal of Pamukkale University Institute of Social Sciences), (33), 45-60.
• Cole, S. A., Sampson, T. A., & Zia, B. H. (2009). Financial literacy, financial decisions, and the demand for financial services: evidence from India and Indonesia (pp. 09-117). Cambridge, MA: Harvard Business School.
• Contuk, F. Y. (2018). A Study on the Factors Affecting the Financial Literacy Status of University Students: Muğla Sıtkı Koçman University Case. Muhasebe ve Finansman Dergisi (Journal of Accounting and Financing), (77).
• Das, S. (2016). Financial literacy: measurement and determinants. Age, 18, 20.
• Durmuş, M. E., & Yardimcioğlu, F. (2018). How Financial Literate are the Theology Students?. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi (Journal of Researches of Politics, Economy and Management), 6(1).
• Gaurav, S., & Singh, A. (2012). An inquiry into the financial literacy and cognitive ability of farmers: Evidence from rural India. Oxford Development Studies, 40(3), 358-380.
• Güney, S., & Tanyıldızı, H. Financial Literacy: A Study Regarding the Merchants and Craftsmen in Ağrı. Econharran, 2(2), 1-21.
• Kanmaz, A. (2018). A Study on the Financial Literacy Levels of Individual Equity Share Investors: İzmir Case (Master's Thesis, İzmir Katip Çelebi University Institute of Social Sciences).
• Karyağdı, N. G. (2018). An Implementation on Bitlis Eren University SBMYO Students Regarding Determination of Financial Literacy and Awareness. The Journal Of Business, (2/91), 104.
• Kofarmata, I. Y. (2016). An economic analysis of participation in credit market and credit rationing among farmers in Kano State, Nigeria (Doctoral dissertation, Universiti Utara Malaysia).
• Lalrinmawia, M., & Gupta, H. (2015). Literacy and Knowledge: Farmers' Financial Inclusion Feasibility. SCMS Journal of Indian Management, 12(3).
• Lusardi, A., Mitchell, O. S., & Curto, V. (2010). Financial literacy among the young. Journal of consumer affairs, 44(2), 358-380.
• Özçelik, A. Güneş, E. Artukluoğlu, MM. (2005), “Agricultural Loan in Turkey: Loan Applications through Contracted Agriculture and Manufacturer Unions” Agricultural Engineering VI. Technical Congress, Ankara 961-985.
• Sakınç, S. Ö. (2018). The Significance of Financial Literacy in Evaluating Savings and an Implementation. Journal Of Social Sciences Institute/Sosyal Bilimler Enstitüsü Dergisi, 8(16).
• Schuchardt, J., Hanna, S., Hira, T. K., Lyons, A., Palmer, L., & Xiao, J. J. (2009). Financial literacy and education research priorities.
• Sebetçi, Ö., Karabıyık, C., & Karabıyık, B. K. (2018) The Effect of Mobile Applications Developed in the Field of Finance on Financial Literacy.
• Sparks, J.N. (1963). Expository notes on the problem of making multiple comparisons in a completely randomized design. Journal of Experimental Education, 31, 343-349.