Showing papers in "Journal of Business & Finance Librarianship in 2015"
TL;DR: A systematic literature review examines the current definition of financial literacy, why financial literacy matters, where the public has been accessing financial literacy education to date, the difficulties encountered, by libraries and others, in providing this education, and how these challenges might be addressed moving forward as mentioned in this paper.
Abstract: Financial literacy, as a concept by that name, has only been explored in library science literature for a little over a decade. The concept, and especially the role of libraries in furthering this literacy, is still evolving. This systematic literature review examines the current definition of financial literacy, why financial literacy matters, where the public has been accessing financial literacy education to date, the difficulties encountered, by libraries and others, in providing this education, and how these challenges might be addressed moving forward.
30 citations
TL;DR: In this paper, the authors assess the financial literacy level of retail individual investors in the state of Gujarat, India and its effect on their investment decision and find that financial literacy does have a statistically significant effect on the investment decision of investors.
Abstract: This study attempts to assess the financial literacy level of retail individual investors in the state of Gujarat, India and its effect on their investment decision. The data collection instrument consisted of a performance test and questionnaire. The performance test was used to measure the financial literacy level of investors. The median percentage of correct answer of the sample was considered to frame the financial literacy level. Forty-four variables of investment decision were studied. Out of a total of 385 respondents, 39.20% of the respondents are considered investors with a higher level of financial literacy and 60.80% of respondents are considered investors with a relatively lower level of financial literacy. This study found that financial literacy does have a statistically significant effect on the investment decision of investors.
27 citations
TL;DR: A team of librarians at Purdue University transformed a business information literacy course from a traditional lecture, 40-student class into multiple sections of a flipped, 70-student classroom to meet the request that the successful course be required for all 500 undergraduate students.
Abstract: A team of librarians at Purdue University transformed a business information literacy course from a traditional lecture, 40-student class into multiple sections of a flipped, 70-student classroom to meet the request that the successful course be required for all 500 undergraduate students. Scaling up required the adoption of flipped learning techniques for better utilization of library teaching resources. This case study provides key insights for others implementing credit classes or integrating similar content into one-shots or embedded work. It also describes the assessed results determined through student feedback (focus groups) and student performance (pre/post-tests).
17 citations
TL;DR: In this paper, the Student Financial Education Center at Penn State University Libraries discusses the unique challenges and opportunities of implementing a peer-to-peer financial education program in this setting, which has been explored in many settings but never in an academic library.
Abstract: Colleges and universities employ a variety of strategies to deliver financial education to students. Among these approaches is peer-to-peer financial education, which has been explored in many settings but never in an academic library. Following a review of financial literacy approaches used on college and university campuses by libraries, and other units and departments, this article describes the Student Financial Education Center located at Pennsylvania State University Libraries and discusses the unique challenges and opportunities of implementing a peer-to-peer financial education program in this setting.
9 citations
TL;DR: A librarian at the University of Illinois at Chicago participated in the Money Smart Week (MSW) program sponsored by the Federal Reserve Bank of Chicago as discussed by the authors, where she formed a planning committee that included individuals from several campus units.
Abstract: Academic libraries have been involved in financial literacy education, and this will likely increase in the future. This article demonstrates how the author, a business and economics librarian, led the way at her institution to bring financial literacy to the campus by participating in the national Money Smart Week (MSW) program sponsored by the Federal Reserve Bank of Chicago. She formed a planning committee that included individuals from several campus units. This team organized, planned, and delivered 11 events during MSW. The author also discusses survey results and the instrument that was used to gather data from MSW attendees.
9 citations
TL;DR: In this paper, the authors examined financial literacy and economics education among university students in Tunisia and found that financial illiteracy is prevalent among young adults, particularly among young adult populations, which may affect all areas of their lives.
Abstract: Financial literacy is a key element in financial decision making and well-being, which may affect all areas of our lives. Inadequate levels of financial literacy, particularly among young adults, is a global problem. This study addresses the following questions: are young adults financially literate, and how can this be measured? This study examines financial literacy and economics education among university students in Tunisia. The findings suggest that university students have inadequate knowledge of personal investment. Most importantly, the authors find that financial illiteracy is prevalent. Although this study was limited to Tunisian students, applications to broader young adult populations, particularly in the assessment method, are easily made.
8 citations
TL;DR: The BMGT 448N: Doing Business in Nicaragua: Microfinance in Action course at the University of Maryland (UMD) as discussed by the authors was developed by librarians and a finance professor at UMD.
Abstract: This article profiles the development and implementation of an undergraduate study abroad program developed by librarians and a finance professor at the University of Maryland (UMD). The authors collaboratively developed and taught, in 2012, 2013, and 2014, an innovative short-term course to Nicaragua, BMGT 448N: Doing Business in Nicaragua: Microfinance in Action, in which UMD students provided hands-on consulting to Nicaraguan entrepreneurs, an international microlending organization, and small business start-ups affiliated with a Nicaraguan University. In keeping with the UMD's mission of internationalization this course provided students with a service-learning and a study abroad experience.
7 citations
TL;DR: This article reviewed various methodologies to ensure engagement by MBA students and identified the most appropriate one for this purpose, and evaluated and expanded upon recent innovations developed at other business schools and presented a case study of inventive teaching techniques employed in workshops by this author to encourage a multifunctional and multidisciplinary approach to undertaking research.
Abstract: This article reviews various methodologies to ensure engagement by MBA students. It analyses several theoretical models and identifies the most appropriate one for this purpose. It then evaluates and expands upon recent innovations developed at other business schools and presents a case study of inventive teaching techniques employed in workshops by this author to encourage a multifunctional and multidisciplinary approach to undertaking research. The article assesses the integral role imagination and reflection play throughout the process and explores gaming as a possible option for future instructive sessions with this group.
6 citations
TL;DR: In this article, the authors present and describe some of the many federal websites of use over a typical person's lifetime and offer suggestions for promoting these sources to various audiences, such as children, parents, educators, young adults, adults, and seniors.
Abstract: Freely accessible federal government websites provide children, parents, educators, young adults, adults, and seniors—even non-native English speakers—a wealth of information on financial topics as diverse as saving, budgeting, credit, paying for college, investing, purchasing a home, and end-of-life financial decisions. Libraries of all kinds could collaborate with a variety of community leaders and groups to educate their respective constituents in making informed financial decisions. This article presents and describes some of the many federal websites of use over a typical person's lifetime and offers suggestions for promoting these sources to various audiences.
6 citations
TL;DR: The authors used qualitative techniques to detect differences in student backgrounds and patterns in their ability to apply lesson content and found that males and females differently applied techniques they learned about how to approach spending and that students with chronic disadvantage applied the information less readily than those who had experienced shorter-term disadvantage.
Abstract: This study is an opportunity to share insights with librarians about students' ability to process information on personal finance. These insights might help librarians direct students to appropriate materials and resources. This article uses qualitative techniques to detect differences in student backgrounds and patterns in their ability to apply lesson content. The analysis suggests that males and females differently applied techniques they learned about how to approach spending. Moreover, students with chronic disadvantage applied the information less readily than those who had experienced shorter-term disadvantage.
6 citations
TL;DR: This paper conducted interviews with human resource managers from accounting firms to determine managers' expectations of future accounting graduates and found that HR managers are looking to hire individuals that possess strong oral and written communication skills.
Abstract: Interviews were conducted with human resource (HR) managers from accounting firms to determine managers’ expectations of future accounting graduates. Results show HR managers are looking to hire individuals that possess strong oral and written communication skills. HR managers also reported that they expect students to use these skills to represent their company well in meetings, presentations, client appointments, as well as print and electronic correspondence. The study concludes with a discussion of how business librarians can assist faculty in preparing accounting students for successful careers and of implications for librarians to consider in their library instruction and other librarianship activities.
TL;DR: In this article, an even stronger relationship was found between actual SAT scores and financial literacy scores from an abbreviated version of the Jump$tart test, also investigated was whether the relationship exists because the SAT serves as a proxy for parental income.
Abstract: The 2008 Jump$tart study, assessing the financial literacy of American high school seniors and college students, reported an association between self-reported SAT scores and financial literacy scores. In the present study, an even stronger relationship was found between actual SAT scores and financial literacy scores from an abbreviated version of the Jump$tart test. Given that SAT scores are known to be correlated to parental income, also investigated was whether the relationship exists because the SAT serves as a proxy for parental income. By means of multiple regressions, it was determined that this relationship cannot be entirely explained by parental income.
TL;DR: The fundamentals of enterprise risk management as discussed by the authors provide an introduction to risk management as well as strategies and tools for mitigating diverse risks, which can range from environmental (such as Hurr...
Abstract: Fundamentals of Enterprise Risk Management provides an introduction to risk management as well as strategies and tools for mitigating diverse risks, which can range from environmental (such as Hurr...
TL;DR: In a gateway business class consisting of five concurrent sections in a single academic semester, 319 students received a librarian-led information and research lecture and an experimental subset of the group received an additional, personalized librarian consultation session that reinforced information concepts and research strategies as discussed by the authors.
Abstract: This exploratory case study considers the analysis of works cited lists as a method for measuring the impact of business librarian research consultations in the context of a business-plan simulation assignment In a gateway business class consisting of five concurrent sections in a single academic semester, 319 students received a librarian-led information and research lecture An experimental subset of the group received an additional, personalized librarian consultation session that reinforced information concepts and research strategies with a focus on students' individual business plans
TL;DR: An evidence-based assessment of the University of Arkansas Libraries' collections to determine whether they are adequate to support the research and teaching needs of the marketing department found that the faculty cited more recent literature and a prevalence of journal articles in their cited references.
Abstract: This paper provides an evidence-based assessment of the University of Arkansas Libraries' collections to determine whether they are adequate to support the research and teaching needs of the marketing department. Specifically, it determined where the marketing faculty published, the characteristics of their publications, and the characteristics of their cited references. The study found that the faculty cited more recent literature and a prevalence of journal articles in their cited references. The results also demonstrate the preference of marketing faculty to work in small groups consisting of two to four collaborators.
TL;DR: In this article, the authors describe the information resources that Spanish companies have available to them that can assist them as they enter foreign markets, including international competitors, suppliers, clients in target countries, legislation and the political situation in other territories, and others.
Abstract: The concept of international intelligence has taken on a greater importance for companies seeking to internationalize and access foreign markets. An exhaustive environmental scan—including international competitors, suppliers, clients in target countries, legislation and the political situation in other territories, and others—involves gathering the necessary information, its analysis and subsequent dissemination, and decision making. Within the context of the important role to be played by information management professionals who are specialized in foreign information, this article describes the information resources that Spanish companies have available to them that can assist them as they enter foreign markets.
TL;DR: In recent years, financial literacy has surfaced as a topic of discussion on many fronts and is the focus of this special issue as discussed by the authors, and this introduction sets the foundation for the variety of articles that follow.
Abstract: In recent years, financial literacy has surfaced as a topic of discussion on many fronts and is the focus of this special issue. This introduction sets the foundation for the variety of articles aw...
TL;DR: Guo as discussed by the authors is a professor at Peking University who has published widely on China and the Chinese economy, in addition to working with the Organisation for Economic Co-operative Co-op (OEC).
Abstract: Regional China's author, Rongxing Guo, is a professor at Peking University who has published widely on China and the Chinese economy. In addition to working with the Organisation for Economic Co-op...
TL;DR: The Second Machine Age argues that current and emerging digital technologies are reshaping society for the greater benefit of all as mentioned in this paper, and the authors focus on three main points: technology will continue to transform society.
Abstract: The Second Machine Age argues that current and emerging digital technologies are reshaping society for the greater benefit of all. The authors focus on three main points: technology will continue t...
TL;DR: In this article, the authors provide an in-depth view of the province being profiled, from location and climate to natural resources and tourist attractions, as well as an overview of development zones and districts in each province.
Abstract: Facts chart and the other tables give a nice overview. Reading further, readers will get an in-depth view of the province being profiled, from location and climate to natural resources and tourist attractions. Major industries are highlighted for each province, as are the province’s role in China’s economic reforms. Context is provided beyond the charts by providing some comparisons to other provinces as well as some sense of what makes each province distinct. Each province’s top five companies, along with their respective business descriptions is included as well as an overview of development zones and districts in each province.
TL;DR: The purpose of this section of the JBFL is to review academic books related to subject areas within business as discussed by the authors, although there is a major focus upon reference materials, the reviews also address sign...
Abstract: The purpose of this section of the JBFL is to review academic books related to subject areas within business. Although there is a major focus upon reference materials, the reviews also address sign...
TL;DR: Rodney Turner has written extensively in the field of project management, including articles, conference papers, and 18 books Past positions include professorships at Educatis University, in Zuric.
Abstract: Rodney Turner has written extensively in the field of project management, including articles, conference papers, and 18 books Past positions include professorships at Educatis University, in Zuric
TL;DR: The case method of assessment is an effective way to assess business and business-related classes which scales up well when working with large classes.
Abstract: Assessment of information literacy sessions—and indeed assessment of library services and programs of all types—is an increasingly pertinent issue for academic librarians. Business librarians are no exception to the campuswide drive for increasing amounts of data that prove value and judge student success. Assessing the information literacy (IL) sessions that librarians offer students can be done in a number of ways but these methods can be hard to scale up when working with the large introductory classes that many business schools produce. The case method of assessment is an effective way to assess business and business-related classes which scales up well when working with large classes.
TL;DR: Huffman as discussed by the authors is an Information Sciences & Business Liaison Librarian at Penn State University, where she received her MLIS from the University of Wisconsin-Whitworth and her BA from MIT.
Abstract: J. P. Huffman is the editor of JBFL's Information Literacy column. Currently an Information Sciences & Business Liaison Librarian at Penn State University, she received her MLIS from the University...
TL;DR: The Accounting Research Manager (ARM) as discussed by the authors is a database containing all of the primary source materials for professionals engaged in financial reporting, supplementing this content is a rich repository of e...
Abstract: Accounting Research Manager (ARM) is a database containing all of the primary source materials for professionals engaged in financial reporting. Supplementing this content is a rich repository of e...