Dorjana NANO
Ph.D. Doc. York University, School of Continuing Studies, Toronto, Canada
nano.dori0810@gmail.com
Antoneta POLO
Assoc.Prof.,”Eqrem Çabej” University, Gjirokastra, Albania
neta_polo@yahoo.com
Enkela CACA
Assoc. Prof.,”Eqrem Çabej” University, Gjirokastra, Albania
ebabaramo@yahoo.com
Ilirjana ZYBERI
Assoc. Prof.,”Eqrem Çabej” University, Gjirokastra, Albania
izyberi@yahoo.com
Christos AP. LADIAS
Professor, Regional Science Inquiry Journal, Greece
Ladias@rsijournal.eu
Abstract
Financial literacy shapes how individuals manage money and respond to economic challenges. Research has shown that students with greater financial exposure tend to make better financial decisions. This study examines the impact of financial exposure on financial literacy using survey data from 100 students at the University of Gjirokastra, Albania. A Financial Exposure Index (FEI) was constructed to measure engagement with financial environments, including income, work experience, and sources of financial learning. Linear and logistic regression analyses were conducted. Results show that financial exposure has a strong impact on financial literacy. The linear model explains nearly half of the variation in literacy scores, while logistic regression indicates that higher exposure significantly increases the likelihood of achieving adequate literacy (≥70%). Gender and regional background also influence outcomes, though age and marital status are less significant. These findings underscore the importance of practical financial experiences and local context in shaping financial literacy.
Keywords: Financial Literacy, Financial Exposure, University Students, Logistic Regression, Human Capital
JEL classification: A22, G53, D14, I22, C83
pp. 57-62