Psychometric evaluation of the financial culture scale in university students

Authors

DOI:

https://doi.org/10.15381/quipu.v32i68.29235

Keywords:

competencies, validity, reliability, educational intervention, instrument

Abstract

Objective: To evaluate the Financial Culture Scale as a psychometrically robust tool for measuring the key dimensions of financial culture in university students in Peru. Methods: A quantitative study was conducted, including the analysis of items through polychoric correlations and the examination of the internal structure and reliability of the instrument. Results: The validity (X²/gl = 3.65; CFI = 0.99; TLI = 0.99; SRMR = 0.03; RMSEA = 0.05; PNFI = 0.91) and reliability of the ESCF were demonstrated, with values exceeding 0.70 and an average variance extracted (AVE) greater than 0.50 in all all dimensions. Conclusion: The validity and reliability of the ESCF have been demonstrated, supporting its use as an effective tool in research. The findings indicate that the model fits the data, suggesting that the evaluated dimensions are consistent and relevant. This provides a solid foundation for future research and applications of the ESCF in various contexts, ensuring that the results are reliable and useful for informed decision-making.

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Author Biographies

  • Eloyna Lucia Peñaloza Arana, Universidad Privada de Tacna, Perú

    Public Accountant, Master in Business Administration and Management and Doctor in Administration and Accounting and Financial Sciences; with experience in Accounting, Administration and Auditing, in private sector companies.

  • Renzi Marilu Loza Ticona, Universidad Privada de Tacna, Perú

    Professor at the Universidad Privada de Tacna, Peru. Researcher in the areas of entrepreneurship, strategy, innovation, finance, marketing and human resources. With publications in the field of business, education and law in national and international journals.

  • Marizol Candelaria Arámbulo Ayala de Sánchez, Universidad Privada de Tacna, Perú

    Industrial Engineer, Master in Business Administration and Management and PhD in Administration, with extensive experience in Administration and Inventory Control, Logistics and Auditing, as well as in Customs Agency Administration and Administrative Positions at the University.

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Published

2024-12-30

Issue

Vol. 32 No. 68 (2024)

Section

Original papers

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Copyright (c) 2024 Eloyna Lucia Peñaloza Arana, Renzi Marilu Loza Ticona, Marizol Candelaria Arámbulo Ayala de Sánchez

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

AUTHORS RETAIN THEIR RIGHTS:

a. Authors retain their trade mark rights and patent, and also on any process or procedure described in the article.

b. Authors retain their right to share, copy, distribute, perform and publicly communicate their article (eg, to place their article in an institutional repository or publish it in a book), with an acknowledgment of its initial publication in Quipukamayoc .

c. Authors retain theirs right to make a subsequent publication of their work, to use the article or any part thereof (eg a compilation of his papers, lecture notes, thesis, or a book), always indicating the source of publication (the originator of the work, journal, volume, number and date).

How to Cite

Peñaloza Arana, E. L., Loza Ticona, R. M. ., & Arámbulo Ayala de Sánchez, M. C. . (2024). Psychometric evaluation of the financial culture scale in university students. Quipukamayoc, 32(68), 65-77. https://doi.org/10.15381/quipu.v32i68.29235