Understanding the Impact of Behavioral Intentions on Financial Inclusion: A Mediated Analysis of Perceived Effectiveness, Risk, and Benefits among University Students in Pakistan Using Smart-PLS

Abstract

This study stated that behavioral intentions depends upon the knowledge of financial inclusion by using three intervening variables which includes perceived effectiveness, perceived risk and perceived benefits. Thus the relations of these concepts had been seen while providing valuable knowledge about those driving factors among the students of this understanding process regarding financial inclusion. A sample of 530 university students from different universities’ across the Pakistan has been used for this study. The structured questionnaire has been used for collecting data. The result suggested that behavioral intention significantly affects the knowledge of financial inclusion through mediating roles from perceived effectiveness, perceived risk, and perceived benefits. This study contributes toward the existing body of literature to understand how there was an interactive effect of behavioural intentions with perceived factors that guide financial inclusion knowledge. It generates practical implications that can be shared with educators and policy makers as well as financial institutes to promote and enhance financial inclusion and literacy practices among university students in Pakistan.