ABORDAGENS EPISTEMOLÓGICAS EM PUBLICAÇÕES SOBRE ALFABETIZAÇÃO FINANCEIRA
Abstract
The present work aimed to realize an epistemological reflection on the most relevant articles in Financial Literacy. After a thorough analysis of the studies with more than 100 citations on the topic, it was possible to classify them according to the epistemological paradigms proposed by Burrel and Morgan (1979). Results indicated that more than 90% of the studies adopted the functionalist approach, focusing on quantitative methods and seeking to generalize the findings. This concentration reveals the existence of a mainstream approach in financial literacy research. The absence of a methodological pluralism can limit the understanding of the phenomenon and, consequently, the development of the modern Finance Theory. A practical effect of this limited understanding of Financial Literacy may be the design of financial education policies that are inefficient or have unsatisfactory results.
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References
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ATKINSON, A.; MESSY, F. Measuring Financial Literacy: Results of the OECD/International Network on Financial Education Pilot Study. In: ORGANIZAÇÃO PARA A COOPERAÇÃO E DESENVOLVIMENTO ECONÓMICO: WORKING PAPERS ON FINANCE, INSURANCE AND PRIVATE PENSIONS, 15.,2012, Paris. Anais... Paris: OECD Publishing, 2012.
BACHELARD, G. A Epistemologia. Lisboa: Edições, 1990.
BLANCHÉ, Robert. A Epistemologia. Lisboa: Presença, 1975.
BONGINI, P.; ZIA, B. Introduction: The Financial Literacy Collective. Economic Notes, v. 47, n.2-3, p. 235-244, 2018.
BURREL, G.; MORGAN, G. Sociological paradigms and organizational analysis. London: Heinemann, 1979.
CHEN, H.; VOLPE, R. P. An Analysis of Personal Financial Literacy Among College Students. Financial Services Review, v. 7, n. 2, p. 107-128, 1998.
CHOI, J. J.; LAIBSON, D.; MADRIAN, B. C. Why does the Law of One Price Fail? An Experiment on Index Mutual Funds. Review of Financial Studies, v. 23, n. 4, p. 1405-1432, 2010.
COLE, S.; SAMPSON, T.; ZIA, B. Prices or Knowledge? What Drives for Financial Services in Emerging Markets? Journal of Finance, v. 66, n. 6, p. 1933-1967, 2011.
DREXLER, A.; FISCHER, G.; SCHOAR, A. Keeping it Simple: Financial Literacy and Rules of Thumb. American Economic Journal – Applied Economics, v. 6, n. 2, p. 1-31, 2014.
FERNANDES, D.; LYNCH, J. G.; NETEMEYER, R. G. Financial Literacy, Financial Education, and Downstream Financial Behaviors. Management Science, v. 60, n. 8, p. 1861-1883, 2014.
FEYERABEND, P. Contra o Método. Lisboa: Relógio D’água, 1993.
FOX, J.; BARTHOLOMAE, S.; LEE, J. Building the case for financial education. Journal of Consumer Affairs, v. 39, n. 1, p. 195-214, 2005.
FUNDAÇÃO INSTITUTO DE ADMINISTRAÇÃO. Fintechs: como são e como funcionam. São Paulo, 20 mar. 2019. Disponível em:. Acesso em: 01 jun. 2020.
GABOR, D.; BROOKS, S. The digital revolution in financial inclusion: international development in the fintech era. New Political Economy, v. 22, n. 4, p. 426-436, 2016.
GATHERGOOD, J. Self-control, financial literacy and consumer over-indebtedness. Journal of Economic Psychology, v. 33, n. 3, p. 590-602, 2012.
HANS et al. Literacy Mediates Racial Differences in Financial and Healthcare Decision Making in Older Adults. Journal of the American Geriatrics Society, p. 1-7, 2020.
HASTINGS, J.; MITCHELL, O. S. How financial literacy and impatience shape retirement wealth and investments behaviors. Journal of Pension Economics and Finance, p. 1-20, 2018.
HELMUT, E. et al. Digitalization in financial services and household finance: fintech, financial literacy and financial stability. Financial Stability Report Oesterreichische Nationalbank (Austrian Central Bank), v. 35, p. 50-58, 2018.
HUSTON, S. J. Measuring Financial Literacy. Journal of Consumer Affairs, v. 44, n. 2, p. 296-316, 2010.
IQUIAPAZA, R. A.; AMARAL, H. F.; BRESSAN, A. A. Evolução da Pesquisa em Finanças: Epistemologia, Paradigma e Críticas. Organização & Sociedade, v. 16, n. 49, p. 351-370, 2009.
JAPPELLI, T.; PADULA, M. Investment in Financial Literacy and Saving Decisions. Journal of Banking & Finance, v. 37, n. 8, p. 2779-2792, 2013.
JORGENSEN, B. L.; SAVLA, J. Financial Literacy of Young Adults: The Importance of Parental Socialization. Family Relations, v. 59, n. 4, p. 465-478, 2010.
KAPASI et al. Association of TDP-43 Pathology With Domain-specific Literacy in Older Persons. Alzheimer Disease & Associated Disorders, v. 33, n. 4, p. 315-320, 2019.
KLAPPER, L.; LUSARDI, A. Financial literacy and financial resilience: Evidence from around the world. Financial Management, p. 1-26, 2019.
KUHN, T. S. A Estrutura das Revoluções Científicas. São Paulo: Perspectivas, 2000.
LUSARDI, A. Financial literacy and the need for financial education: evidence and implications. Swiss J Economics Statistics, v. 155, n. 1, 2019.
LUSARDI, A.; MITCHELL, O. S. Financial Literacy around the world: an overview. Journal of Pension Economics & Finance, v. 10, n. 4, p. 497-508, 2011.
LUSARDI, A.; MITCHELL, O. S. Financial literacy and retirement planning in the United States. Journal of Pension Economics & Finance, v. 10, n. 4, 509-525, 2011.
LUSARDI, A.; MITCHELL, O. S. The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, v. 52, n. 1, p. 5-44, 2014.
LUSARDI, A.; MITCHELL, O. S.; CURTO, V. Financial Literacy among the Young. Journal of Consumer Affairs, v. 44, n. 2, p. 358-380, 2010.
MARSHAL, H. R. Differences in parent and child reports of the child’s experience in the use of money. Journal of Educational Psychology, v. 54, n. 3, p. 132-137, 1963.
MCDANIEL, L.; MARTIN, R. D.; MAINES, L. A. Evaluating financial reporting quality: The effects of financial expertise vs. financial literacy. Accounting Review, v. 77, p. 139-167, 2002.
MUGNAINI, R.; STREHL, L. RECUPERAÇÃO E IMPACTO DA PRODUÇÃO CIENTÍFICA NA ERA GOOGLE: uma análise comparativa entre o Google Acadêmico e a Web of Science. Enc. Bibli: R. Eletr. Bibliotecon. Ci. Inf, 2008.
MURPHY, J. A. An Analysis of the Financial Crisis of 2008: Causes and Solutions. Disponível em: SSRN, DOI http://dx.doi.org/10.2139/ssrn.1295344, 2008.
NORVILITIS, J. M. et al. Personality factors, money attitudes, financial knowledge, and credit-card debt in college students. Journal of Applied Social Psychology, v. 36, n. 6, p. 1395-1413, 2006.
ORGANIZATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT. International survey of Adult Financial Literacy Competencies. [S.l.]: OECD
Publishing, 2016.
PASQUINELLI, A. Carnap e o Positivismo Lógico. Lisboa: Edições, 1983.
PHILIPPATOS, G. G.; MOSCATO, D. R. Effects of Constrained Information on Player Decisions in Experimental Business Simulation: Some Empirical Evidence. Journal of the Association for Computing Machinery, vol. 18, n. 1, pp. 94-104.
POPPER, K. O Mito do Contexto. Lisboa, Ed: 70, 1999.
POTRICH, A. C. G.; VIEIRA, K. M.; KIRCH, G. Você é Alfabetizado Financeiramente? Descubra no Termômetro de Alfabetização Financeira. Revista de Administração e Contabilidade da Unisinos, v. 13, n. 2, p. 153-170, 2016.
REMUND, D. L. Financial Literacy Explicated: The Case for a Clearer Definition in an Increasingly Complex Economy. Journal of Consumer Affairs, v. 44, n. 2, p. 276-295, 2010.
RODRIGUES FILHO, J. Desenvolvimento de diferentes perspectivas teóricas para análise das organizações. Revista de Administração Pública, v. 32, n. 4, 163-175, 1998.
SAYER, P. A new epistemology of evidence-based policy. Policy & Politics, v. 48, n. 2, p. 241-258, 2020.
SILVA, J. A.; BIANCHI, M. L. P. Cientometria: a métrica da ciência. Paidéia (Ribeirão Preto), Ribeirão Preto, v. 11, n. 21, p. 5-10, 2001.
SORDI, V. F.; CUNHA, C. J. C.; NAYAYAMA, M. K. Criação de conhecimento nas organizações: Epistemologia, tipologia, facilitadores e barreiras. Perspectivas em Gestão & Conhecimento, v. 7, n. 2, p. 160-174, 2017.
STREITWIESER, M. L.; GOODMAN JR, J. L. A Survey of Recent Research on Race and Residential Location. Population Research and Policy Review, v. 2, p. 253-283, 1983.
THALER, R.; SUNSTEIN, C. Nudge: O empurrão para a escolha certa. New York: Penguin Group, 2008.
VAN ROOIJ, M C. J.; LUSARDI, A.; ALESSIE, R. J. M. Financial literacy and retirement planning in the Netherlands. Journal of Economic Psychology, v. 32, n. 4, p. 593-608, 2011.
VAN ROOIJ, M C. J.; LUSARDI, A.; ALESSIE, R. J. M. Financial Literacy and stock market participation. Journal of Financial Economics, v. 101, n. 2, p. 449-472, 2011.
VAN ROOIJ, M C. J.; LUSARDI, A.; ALESSIE, R. J. M. Financial Literacy, Retirement Planning and Household Wealth. Economic Journal, v. 122, n. 560, p. 449-478, 2012.
ATKINSON, A.; MESSY, F. Measuring Financial Literacy: Results of the OECD/International Network on Financial Education Pilot Study. In: ORGANIZAÇÃO PARA A COOPERAÇÃO E DESENVOLVIMENTO ECONÓMICO: WORKING PAPERS ON FINANCE, INSURANCE AND PRIVATE PENSIONS, 15.,2012, Paris. Anais... Paris: OECD Publishing, 2012.
BACHELARD, G. A Epistemologia. Lisboa: Edições, 1990.
BLANCHÉ, Robert. A Epistemologia. Lisboa: Presença, 1975.
BONGINI, P.; ZIA, B. Introduction: The Financial Literacy Collective. Economic Notes, v. 47, n.2-3, p. 235-244, 2018.
BURREL, G.; MORGAN, G. Sociological paradigms and organizational analysis. London: Heinemann, 1979.
CHEN, H.; VOLPE, R. P. An Analysis of Personal Financial Literacy Among College Students. Financial Services Review, v. 7, n. 2, p. 107-128, 1998.
CHOI, J. J.; LAIBSON, D.; MADRIAN, B. C. Why does the Law of One Price Fail? An Experiment on Index Mutual Funds. Review of Financial Studies, v. 23, n. 4, p. 1405-1432, 2010.
COLE, S.; SAMPSON, T.; ZIA, B. Prices or Knowledge? What Drives for Financial Services in Emerging Markets? Journal of Finance, v. 66, n. 6, p. 1933-1967, 2011.
DREXLER, A.; FISCHER, G.; SCHOAR, A. Keeping it Simple: Financial Literacy and Rules of Thumb. American Economic Journal – Applied Economics, v. 6, n. 2, p. 1-31, 2014.
FERNANDES, D.; LYNCH, J. G.; NETEMEYER, R. G. Financial Literacy, Financial Education, and Downstream Financial Behaviors. Management Science, v. 60, n. 8, p. 1861-1883, 2014.
FEYERABEND, P. Contra o Método. Lisboa: Relógio D’água, 1993.
FOX, J.; BARTHOLOMAE, S.; LEE, J. Building the case for financial education. Journal of Consumer Affairs, v. 39, n. 1, p. 195-214, 2005.
FUNDAÇÃO INSTITUTO DE ADMINISTRAÇÃO. Fintechs: como são e como funcionam. São Paulo, 20 mar. 2019. Disponível em:
GABOR, D.; BROOKS, S. The digital revolution in financial inclusion: international development in the fintech era. New Political Economy, v. 22, n. 4, p. 426-436, 2016.
GATHERGOOD, J. Self-control, financial literacy and consumer over-indebtedness. Journal of Economic Psychology, v. 33, n. 3, p. 590-602, 2012.
HANS et al. Literacy Mediates Racial Differences in Financial and Healthcare Decision Making in Older Adults. Journal of the American Geriatrics Society, p. 1-7, 2020.
HASTINGS, J.; MITCHELL, O. S. How financial literacy and impatience shape retirement wealth and investments behaviors. Journal of Pension Economics and Finance, p. 1-20, 2018.
HELMUT, E. et al. Digitalization in financial services and household finance: fintech, financial literacy and financial stability. Financial Stability Report Oesterreichische Nationalbank (Austrian Central Bank), v. 35, p. 50-58, 2018.
HUSTON, S. J. Measuring Financial Literacy. Journal of Consumer Affairs, v. 44, n. 2, p. 296-316, 2010.
IQUIAPAZA, R. A.; AMARAL, H. F.; BRESSAN, A. A. Evolução da Pesquisa em Finanças: Epistemologia, Paradigma e Críticas. Organização & Sociedade, v. 16, n. 49, p. 351-370, 2009.
JAPPELLI, T.; PADULA, M. Investment in Financial Literacy and Saving Decisions. Journal of Banking & Finance, v. 37, n. 8, p. 2779-2792, 2013.
JORGENSEN, B. L.; SAVLA, J. Financial Literacy of Young Adults: The Importance of Parental Socialization. Family Relations, v. 59, n. 4, p. 465-478, 2010.
KAPASI et al. Association of TDP-43 Pathology With Domain-specific Literacy in Older Persons. Alzheimer Disease & Associated Disorders, v. 33, n. 4, p. 315-320, 2019.
KLAPPER, L.; LUSARDI, A. Financial literacy and financial resilience: Evidence from around the world. Financial Management, p. 1-26, 2019.
KUHN, T. S. A Estrutura das Revoluções Científicas. São Paulo: Perspectivas, 2000.
LUSARDI, A. Financial literacy and the need for financial education: evidence and implications. Swiss J Economics Statistics, v. 155, n. 1, 2019.
LUSARDI, A.; MITCHELL, O. S. Financial Literacy around the world: an overview. Journal of Pension Economics & Finance, v. 10, n. 4, p. 497-508, 2011.
LUSARDI, A.; MITCHELL, O. S. Financial literacy and retirement planning in the United States. Journal of Pension Economics & Finance, v. 10, n. 4, 509-525, 2011.
LUSARDI, A.; MITCHELL, O. S. The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, v. 52, n. 1, p. 5-44, 2014.
LUSARDI, A.; MITCHELL, O. S.; CURTO, V. Financial Literacy among the Young. Journal of Consumer Affairs, v. 44, n. 2, p. 358-380, 2010.
MARSHAL, H. R. Differences in parent and child reports of the child’s experience in the use of money. Journal of Educational Psychology, v. 54, n. 3, p. 132-137, 1963.
MCDANIEL, L.; MARTIN, R. D.; MAINES, L. A. Evaluating financial reporting quality: The effects of financial expertise vs. financial literacy. Accounting Review, v. 77, p. 139-167, 2002.
MUGNAINI, R.; STREHL, L. RECUPERAÇÃO E IMPACTO DA PRODUÇÃO CIENTÍFICA NA ERA GOOGLE: uma análise comparativa entre o Google Acadêmico e a Web of Science. Enc. Bibli: R. Eletr. Bibliotecon. Ci. Inf, 2008.
MURPHY, J. A. An Analysis of the Financial Crisis of 2008: Causes and Solutions. Disponível em: SSRN
NORVILITIS, J. M. et al. Personality factors, money attitudes, financial knowledge, and credit-card debt in college students. Journal of Applied Social Psychology, v. 36, n. 6, p. 1395-1413, 2006.
ORGANIZATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT. International survey of Adult Financial Literacy Competencies. [S.l.]: OECD
Publishing, 2016.
PASQUINELLI, A. Carnap e o Positivismo Lógico. Lisboa: Edições, 1983.
PHILIPPATOS, G. G.; MOSCATO, D. R. Effects of Constrained Information on Player Decisions in Experimental Business Simulation: Some Empirical Evidence. Journal of the Association for Computing Machinery, vol. 18, n. 1, pp. 94-104.
POPPER, K. O Mito do Contexto. Lisboa, Ed: 70, 1999.
POTRICH, A. C. G.; VIEIRA, K. M.; KIRCH, G. Você é Alfabetizado Financeiramente? Descubra no Termômetro de Alfabetização Financeira. Revista de Administração e Contabilidade da Unisinos, v. 13, n. 2, p. 153-170, 2016.
REMUND, D. L. Financial Literacy Explicated: The Case for a Clearer Definition in an Increasingly Complex Economy. Journal of Consumer Affairs, v. 44, n. 2, p. 276-295, 2010.
RODRIGUES FILHO, J. Desenvolvimento de diferentes perspectivas teóricas para análise das organizações. Revista de Administração Pública, v. 32, n. 4, 163-175, 1998.
SAYER, P. A new epistemology of evidence-based policy. Policy & Politics, v. 48, n. 2, p. 241-258, 2020.
SILVA, J. A.; BIANCHI, M. L. P. Cientometria: a métrica da ciência. Paidéia (Ribeirão Preto), Ribeirão Preto, v. 11, n. 21, p. 5-10, 2001.
SORDI, V. F.; CUNHA, C. J. C.; NAYAYAMA, M. K. Criação de conhecimento nas organizações: Epistemologia, tipologia, facilitadores e barreiras. Perspectivas em Gestão & Conhecimento, v. 7, n. 2, p. 160-174, 2017.
STREITWIESER, M. L.; GOODMAN JR, J. L. A Survey of Recent Research on Race and Residential Location. Population Research and Policy Review, v. 2, p. 253-283, 1983.
THALER, R.; SUNSTEIN, C. Nudge: O empurrão para a escolha certa. New York: Penguin Group, 2008.
VAN ROOIJ, M C. J.; LUSARDI, A.; ALESSIE, R. J. M. Financial literacy and retirement planning in the Netherlands. Journal of Economic Psychology, v. 32, n. 4, p. 593-608, 2011.
VAN ROOIJ, M C. J.; LUSARDI, A.; ALESSIE, R. J. M. Financial Literacy and stock market participation. Journal of Financial Economics, v. 101, n. 2, p. 449-472, 2011.
VAN ROOIJ, M C. J.; LUSARDI, A.; ALESSIE, R. J. M. Financial Literacy, Retirement Planning and Household Wealth. Economic Journal, v. 122, n. 560, p. 449-478, 2012.
Published
2023-07-27
How to Cite
Pontes, M. (2023). ABORDAGENS EPISTEMOLÓGICAS EM PUBLICAÇÕES SOBRE ALFABETIZAÇÃO FINANCEIRA. Caderno De Administração, 31(1), 158-175. https://doi.org/10.4025/cadadm.v31i1.61240
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