Abstract:

The data of the study were collected through a questionnaire applied to 1347 volunteers. Explanatory factor analysis was applied to examine the factor structure and confirmatory factor analysis was performed to confirm the new factor structure. Structural equation modeling was used for hypothesis testing. Changes in information technologies, economic and political developments have led to changes in the financial behavior of individuals. For this reason, it is important to examine the factors that affect the financial decisions of individuals and the financial behaviors that affect their welfare levels. In this study, it is aimed to examine the effects of trust, locus of control and type a personality factor in relation to financial behaviors. According to the analysis results, trust, financial literacy, and financial attitude have a significant impact on the financial behavior of individuals. These findings highlight the importance of financial literacy, followed by financial attitude and trust variables, in explaining financial behaviors. The research contributes to the literature in terms of presenting findings on the factors affecting financial behaviors, which are important to examine in the context of personal finance. In addition to the findings supporting the existing literature, the effect of locus of control, which was determined in previous studies, on financial behavior could not be determined with the effect of other variables examined in this study. The effect of the type a personality on the financial behavior of individuals was not found.

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