REVIEW ON FINANCIAL MANAGEMENT TRAINING & FINANCIAL SELF-EFFICACY

Very little is known about how financial education involvement affects cognitive outcomes like financial knowledge and self-efficacy. Post-estimation study showed that better overall financial knowledge scores were at least largely influenced by higher men scores. Participants in financial education received higher gender and age efficacy scores. The objective of the paper is to investigate if a tailored training course on financial management enhances the development & methodological abilities and financial efficiency in the short term of small business owners: An experimental investigation was conducted utilising self-administered questionnaires, using pre-test post-test single-group design.However, there is little empirical evidence regarding what works, what doesn't, and what is the best effective way to improve financial capacity for individuals. One of the key issues is the lack of standardized measurements to perform rigorous investigations. This thesis intends to create and validate a Financial, Self- Efficacy-Scale (FSES) to contribute to standardized measurement pool.