From financial literacy and financial culture to financial agency: a sociological theoretical and methodological model

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Modern scientific and public discourse is dominated by the concepts of financial literacy and financial behavior, and over the past few years, the concept of financial culture has been actively included in the discourse. These concepts, for all their prevalence, have a number of methodological limitations. Existing definitions combine cognitive, behavioral, emotional, and other aspects in different ways, which can lead to terminological confusion and hinder the cumulative gain of knowledge. As a solution, the concept of financial agency is proposed – a systemic property of a social agent, manifested in the ability to implement effective practices in the financial field. To operationalize it, a formal CFP model (Context-Finance-Person) has been developed, synthesizing sociological theories such as structuration theory and field theory. The model defines three levels of analysis: context (C), personality (P), and financial agency (F) as a result of knowledge, skills, attitudes, and behavior. An analysis of existing research demonstrates that the CFP model serves as a universal metalanguage that overcomes conceptual confusion and provides the basis for verifiable empirical programs.

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Financial agency, theoretical sociology, sociology of finance, financial literacy, financial culture, financial behavior, financial competence, CFP model

Короткий адрес: https://sciup.org/14134509

IDR: 14134509   |   УДК: 316.334.2   |   DOI: 10.24412/2220-2404-2026-1-26