Analyzing Financial Behavior in Undergraduate Students in Economics, Administration and Accounting Sciences

This study examines the financial behavior of university students in Economics, Business Administration, and Accounting in Tegucigalpa, Honduras, using the FB–13 instrument. Exploratory and confirmatory factor analyses validate a three-dimensional structure: (1) financial planning and control, (2) savings and financial preparation, and (3) fulfillment of obligations, with high internal consistency (α = 0.915), supporting its psychometric robustness in Latin American academic contexts. Based on a sample of 714 students with diversity in gender, age, work experience, and parental status, the analyses confirmed that the FB–13 model best fits a three-factor structure. Significant correlations were identified between financial behavior and experiential variables such as age, work experience, and parenthood, while traditional sociodemographic attributes such as gender, residence, marital status, employment, and educational level showed limited associations. These findings suggest that personal experiences have a greater influence on the configuration of financial practices than conventional demographic categories. The study acknowledges limitations related to cross-sectional design, non-probabilistic sampling, and self-reported data, yet these do not diminish its contributions. By validating the FB–13 in Honduras, the research offers comparative evidence and promotes cultural diversity in financial behavior literature. Future research should move toward longitudinal and qualitative studies that explore the role of family dynamics, work contexts, and personal aspirations in responsible financial behaviors.

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Publication Details

Journal
Journal of risk and financial management
Published
2025-10-14
DOI
https://doi.org/10.3390/jrfm18100581
Primary Topic
Financial Literacy, Pension, Retirement Analysis
Type
article
Field-Weighted Citation Impact
0.00

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article

Analyzing Financial Behavior in Undergraduate Students in Economics, Administration and Accounting Sciences

Isabel Mendoza-Ávila, Alejandro Vega-Muñoz, Guido Salazar-Sepúlveda, Dante Castillo et al.
Journal of risk and financial management
Financial Literacy, Pension, Retirement Analysis
article

Analyzing Financial Behavior in Undergraduate Students in Economics, Administration and Accounting Sciences

Isabel Mendoza-Ávila, Alejandro Vega-Muñoz, Guido Salazar-Sepúlveda, Dante Castillo, Nicolás Contreras-Barraza
article en

Abstract

This study examines the financial behavior of university students in Economics, Business Administration, and Accounting in Tegucigalpa, Honduras, using the FB–13 instrument. Exploratory and confirmatory factor analyses validate a three-dimensional structure: (1) financial planning and control, (2) savings and financial preparation, and (3) fulfillment of obligations, with high internal consistency (α = 0.915), supporting its psychometric robustness in Latin American academic contexts. Based on a sample of 714 students with diversity in gender, age, work experience, and parental status, the analyses confirmed that the FB–13 model best fits a three-factor structure. Significant correlations were identified between financial behavior and experiential variables such as age, work experience, and parenthood, while traditional sociodemographic attributes such as gender, residence, marital status, employment, and educational level showed limited associations. These findings suggest that personal experiences have a greater influence on the configuration of financial practices than conventional demographic categories. The study acknowledges limitations related to cross-sectional design, non-probabilistic sampling, and self-reported data, yet these do not diminish its contributions. By validating the FB–13 in Honduras, the research offers comparative evidence and promotes cultural diversity in financial behavior literature. Future research should move toward longitudinal and qualitative studies that explore the role of family dynamics, work contexts, and personal aspirations in responsible financial behaviors.

Journal of risk and financial managementVol. 18(10)
Universidad de Santiago de Chile (CL), National Autonomous University of Honduras (HN), Universidad Católica de la Santísima Concepción (CL), University of the Americas (CL), Pontificial Catholic University of Valparaiso (CL), Universidad Central de Chile (CL), Arturo Prat University (CL)
Universidad Nacional Autonoma de Honduras
Openalex Percentile: Top 57%
Financial Literacy, Pension, Retirement Analysis
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