The Impact Of Financial Literacy On Investment Decisions

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THE IMPACT OF FINANCIAL LITERACY ON INVESTMENT DECISIONS

Author : Dr. Pradeep K. Gupta
Publisher : Ashok Yakkaldevi
ISBN 13 : 179487710X
Total Pages : 212 pages
Book Rating : 4.7/5 (948 download)

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Book Synopsis THE IMPACT OF FINANCIAL LITERACY ON INVESTMENT DECISIONS by : Dr. Pradeep K. Gupta

Download or read book THE IMPACT OF FINANCIAL LITERACY ON INVESTMENT DECISIONS written by Dr. Pradeep K. Gupta and published by Ashok Yakkaldevi. This book was released on 2021-10-30 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial system plays a vital role in the growth and development of the economy. The evolution of financial market economies has been dramatically broadening the opportunities to consumers and investors, business houses, policymakers and the economy of a country. The growing innovations and increasing complexity of financial products over the past decade have put enormous pressure and responsibilities on shoulders of financial investors. Financial Literacy is must to understand return and risk attached to these products. Financial literacy enables an individual to gain a better understanding of financial instruments and the risk and return involved in investment at various avenues. The financial literacy helps to overcome problems relating to personal finance such as savings, borrowings, investments, retirement planning, etc. The Organization for Economic Co-operation and Development (OECD) has defined financial literacy as “a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual well-being”.

Impact of Financial Literacy, Financial Knowledge, Moderating Role of Risk Perception on Investment Decision

Author : Shadnan Khan
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Impact of Financial Literacy, Financial Knowledge, Moderating Role of Risk Perception on Investment Decision by : Shadnan Khan

Download or read book Impact of Financial Literacy, Financial Knowledge, Moderating Role of Risk Perception on Investment Decision written by Shadnan Khan and published by . This book was released on 2015 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to assess the financial literacy and financial knowledge of the individual and professional investors who invest in the local market. In additions, it examines the relationship between financial literacy, financial knowledge and the influence of risk perception that effect investment decision. The survey was conducted on different investors of Rawalpindi and Islamabad. Data was collected from 257 personnel using adopted questionnaires consisting of measuring each variable on five point likert scale. For data analysis statistical tools such as correlation and regression were tested using SPSS. Result indicates that there is significant positive relationship between financial literacy, financial knowledge, risk perception and investment decision. However, the demographic factors such as gender and age are negatively associated with to investment decision. The current study is considered the first of its kind conducted in Pakistan. To the best of my knowledge, no such studies have been conducting regarding measuring financial literacy, financial knowledge and risk perception or the relationship between financial literacy, financial knowledge level and risk perception that influence investment decisions.

Financial Literacy and the Limits of Financial Decision-Making

Author : Tina Harrison
Publisher : Springer
ISBN 13 : 3319308866
Total Pages : 362 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis Financial Literacy and the Limits of Financial Decision-Making by : Tina Harrison

Download or read book Financial Literacy and the Limits of Financial Decision-Making written by Tina Harrison and published by Springer. This book was released on 2016-09-20 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents selected papers on the factors that serve to influence an individual’s capacity in financial decision-making. Initial chapters provide an overview of the cognitive factors affecting financial decisions and suggest a link between limited cognitive capacity and the need for financial education. The book then expands on these cognitive limitations to explore the tendency for overconfidence in decision-making and the interplay between rational and irrational factors. Later contributions show how credit card companies benefit from limitations in consumer financial literacy, how gender and cognition intersect to play an important role in financial decision-making, and how to improve financial capacity through financial literacy and education campaigns, including those addressing developed marketplaces. This comprehensive collection of papers will be of value to all readers who seek to better understand the multi-factorial and complex nature of personal financial management in today’s economic climate.

Improving Financial Literacy Analysis of Issues and Policies

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264012575
Total Pages : 181 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Improving Financial Literacy Analysis of Issues and Policies by : OECD

Download or read book Improving Financial Literacy Analysis of Issues and Policies written by OECD and published by OECD Publishing. This book was released on 2005-11-10 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the different types of financial education programmes currently available in OECD countries, evaluates their effectiveness, and makes suggestions to improve them.

Redefining Financial Literacy

Author : Cindy Couyoumjian
Publisher : Greenleaf Book Group
ISBN 13 : 1626347417
Total Pages : 271 pages
Book Rating : 4.6/5 (263 download)

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Book Synopsis Redefining Financial Literacy by : Cindy Couyoumjian

Download or read book Redefining Financial Literacy written by Cindy Couyoumjian and published by Greenleaf Book Group. This book was released on 2021-04-06 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Redefining and Reclaiming Financial Literacy As a certified financial planner with thirty-five years of industry experience, Cindy Couyoumjian is committed to filling the financial literacy void for many Americans. In her timely and thought-provoking book, Cindy gives a unique macro perspective of what she calls “the hidden forces behind your money,” which are the unseen political and economic forces that may influence your investment decisions. Through meticulous research, Cindy shows how these hidden forces have contributed to a complex retirement system, which includes pensions, social security, and what she believes is the outdated 60/40 investment model. To address this issue, Cindy spent endless hours developing a new multi-asset class investment methodology, known as the REALM model, that may offer broader investment strategies aimed to mitigate risk from the hidden forces that may negatively impact your goals. Redefining Financial Literacy can help you • Understand the complex macro forces that you cannot control, yet could determine your financial future, • Take actionable steps to regain command of your retirement strategy, • Build a retirement with potential durable income strategies, lesser volatility, and risk-adjusted returns. Redefining Financial Literacy and Cindy’s innovative REALM model can open your eyes to investment possibilities while helping you regain confidence in the American dream. Diversification does not guarantee profit nor is it guaranteed to protect assets. There is no assurance that any strategy/model will achieve its objectives. Registered Principal offers securities and advisory services through Independent Financial Group, LLC (IFG), a Registered Investment Adviser. Member FINRA/SIPC. IFG, Cinergy Financial, and Greenleaf Book Group are not affiliated companies.

Financial Risk Tolerance: A Psychometric Review

Author : John E. Grable
Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960201
Total Pages : 27 pages
Book Rating : 4.9/5 (449 download)

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Book Synopsis Financial Risk Tolerance: A Psychometric Review by : John E. Grable

Download or read book Financial Risk Tolerance: A Psychometric Review written by John E. Grable and published by CFA Institute Research Foundation. This book was released on 2017-06-30 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This content provides financial analysts, investment professionals, and financial planners with a review of how financial risk-tolerance tests can and should be evaluated. It begins by clarifying terms related to risk taking and is followed by a broad overview of two important measurement terms: validity and reliability. It concludes with examples for practice.

Financial Literacy and Responsible Finance in the FinTech Era

Author : John O.S. Wilson
Publisher : Taylor & Francis
ISBN 13 : 1000404528
Total Pages : 161 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Financial Literacy and Responsible Finance in the FinTech Era by : John O.S. Wilson

Download or read book Financial Literacy and Responsible Finance in the FinTech Era written by John O.S. Wilson and published by Taylor & Francis. This book was released on 2021-07-21 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing body of evidence suggests that financial literacy plays an important role in financial well-being, and that differences in financial knowledge acquired early in life can explain a significant part of financial and more general well-being in adult life. Financial technology (FinTech) is revolutionizing the financial services industry at an unrivalled pace. Views differ regarding the impact that FinTech is likely to have on personal financial planning, well-being and societal welfare. In an era of mounting student debt, increased (digital) financial inclusion and threats arising from instances of (online) financial fraud, financial education and enlightened financial advising are appropriate policy interventions that enhance financial and overall well-being. Financial Literacy and Responsible Finance in the FinTech Era: Capabilities and Challenges engages in this important academic and policy agenda by presenting a set of seven chapters emanating from four parallel streams of literature related to financial literacy and responsible finance. The chapters in this book were originally published as a special issue of The European Journal of Finance.

Advances in Business, Management and Entrepreneurship

Author : Ratih Hurriyati
Publisher : CRC Press
ISBN 13 : 1000651215
Total Pages : 1022 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Advances in Business, Management and Entrepreneurship by : Ratih Hurriyati

Download or read book Advances in Business, Management and Entrepreneurship written by Ratih Hurriyati and published by CRC Press. This book was released on 2020-01-06 with total page 1022 pages. Available in PDF, EPUB and Kindle. Book excerpt: The GCBME Book Series aims to promote the quality and methodical reach of the Global Conference on Business Management & Entrepreneurship, which is intended as a high-quality scientific contribution to the science of business management and entrepreneurship. The Contributions are the main reference articles on the topic of each book and have been subject to a strict peer review process conducted by experts in the fields. The conference provided opportunities for the delegates to exchange new ideas and implementation of experiences, to establish business or research connections and to find Global Partners for future collaboration. The conference and resulting volume in the book series is expected to be held and appear annually. The year 2019 theme of book and conference is "Creating Innovative and Sustainable Value-added Businesses in the Disruption Era". The ultimate goal of GCBME is to provide a medium forum for educators, researchers, scholars, managers, graduate students and professional business persons from the diverse cultural backgrounds, to present and discuss their researches, knowledge and innovation within the fields of business, management and entrepreneurship. The GCBME conferences cover major thematic groups, yet opens to other relevant topics: Organizational Behavior, Innovation, Marketing Management, Financial Management and Accounting, Strategic Management, Entrepreneurship and Green Business.

Selected Topics in Financial Literacy

Author : John A. Haslem
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Selected Topics in Financial Literacy by : John A. Haslem

Download or read book Selected Topics in Financial Literacy written by John A. Haslem and published by . This book was released on 2017 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial literacy has become a major area of research in recent years, both in the investment and retirement literature with respect to the increasing complexity of financial products and need to save for retirement. Studies generally find individuals are financially uninformed and lacking in basic financial principles. This study discusses in depth research with detailed analyses of financial literacy, financial education, individual investment outcomes, genetic investment biases, and related issues.A vast literature concerning investor financial literacy and education exists. The SEC's [2012] study mandated under the Dodd-Frank Act provides a recent overall review and highlights existing levels of retail investor financial literacy and preferences for formats and timing of intermediary disclosures prior to making investment decisions, and more.Lusardi and Mitchell [2013] assess research on financial literacy. Topics include theoretical research that casts financial literacy as an investment in human capital, how much financial knowledge individuals and groups have, the impact of financial literacy on financial decision-making, and what yet remains to be learned. Fernandes, Lynch, and Netemeyer [2014] review research on financial literacy, financial education, and consumer financial outcomes. Meta-analysis is performed on financial literacy and financial education relationships in 201 non-redundant studies. Interventions to improve financial literacy explain only 0.10% of variance in financial behaviors.Glaser and Walther [2014] combine psychology research with empirical findings on the usefulness of financial literacy for investment decisions. The personal behavior of individuals with high levels of financial literacy may depend on the prevalence of two styles of thinking in dual-process theories: intuition and cognition. Collins [2012] finds the lack of financial literacy can reduce ability of individuals to make informed financial decisions. But, financial advice has the potential to substitute for lack of ability in financial decision-making. However, advice more often complements financial capability for individuals with higher levels of income, education, and financial literacy.

Consumer Knowledge and Financial Decisions

Author : Douglas J. Lamdin
Publisher : Springer
ISBN 13 : 9781489994172
Total Pages : 0 pages
Book Rating : 4.9/5 (941 download)

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Book Synopsis Consumer Knowledge and Financial Decisions by : Douglas J. Lamdin

Download or read book Consumer Knowledge and Financial Decisions written by Douglas J. Lamdin and published by Springer. This book was released on 2014-01-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been an increasing recognition that financial knowledge (i.e., literacy) is lacking across the population. Moreover, there is recognition that this lack of knowledge poses real problems as credit, mortgages, health insurance, retirement benefits, and savings and investment decisions become increasingly complex. Financial Decisions Across the Lifespan brings together the work of scholars from various disciplines (family and consumer sciences, economics, law, finance, sociology, and public policy) to provide a broad range of perspectives on financial knowledge, financial decisions, and policies. For consistency across the volume each chapter follows a similar format: (1) what individuals know or need to know (2) how what they know or need to know affects financial decisions and outcomes (3) ways in which policies or programs or financial innovations can enhance their knowledge, or decisions, or outcomes. Contributors will provide both new and existing research to create a valuable picture of the state of financial literacy and how it can be improved.

Behavioral Finance and Wealth Management

Author : Michael M. Pompian
Publisher : John Wiley & Sons
ISBN 13 : 1118046315
Total Pages : 393 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Behavioral Finance and Wealth Management by : Michael M. Pompian

Download or read book Behavioral Finance and Wealth Management written by Michael M. Pompian and published by John Wiley & Sons. This book was released on 2011-01-31 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Pompian is handing you the magic book, the one that reveals your behavioral flaws and shows you how to avoid them. The tricks to success are here. Read and do not stop until you are one of very few magicians." —Arnold S. Wood, President and Chief Executive Officer, Martingale Asset Management Fear and greed drive markets, as well as good and bad investment decision-making. In Behavioral Finance and Wealth Management, financial expert Michael Pompian shows you, whether you're an investor or a financial advisor, how to make better investment decisions by employing behavioral finance research. Pompian takes a practical approach to the science of behavioral finance and puts it to use in the real world. He reveals 20 of the most prominent individual investor biases and helps you properly modify your asset allocation decisions based on the latest research on behavioral anomalies of individual investors.

Research Anthology on Personal Finance and Improving Financial Literacy

Author : Management Association, Information Resources
Publisher : IGI Global
ISBN 13 : 1799881016
Total Pages : 600 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Research Anthology on Personal Finance and Improving Financial Literacy by : Management Association, Information Resources

Download or read book Research Anthology on Personal Finance and Improving Financial Literacy written by Management Association, Information Resources and published by IGI Global. This book was released on 2020-12-05 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing personal financial skills and improving financial literacy are fundamental aspects for managing money and propelling a bright financial future. Considering life events and risks that unexpectantly present themselves, especially in the light of recent global events, there is often an uncertainty associated with financial standings in unsettled times. It is important to have personal finance management to prepare for times of crisis, and personal finance is something to be thought about in everyday life. The incorporation of financial literacy for individuals is essential for a decision-making process that could affect their financial future. Having a keen understanding of beneficial and detrimental financial decisions, a plan for personal finances, and personalized goals are baselines for money management that will create stability and prosperity. In a world that is rapidly digitalized, there are new tools and technologies that have entered the sphere of finance as well that should be integrated into the conversation. The latest methods and models for improving financial literacy along with critical information on budgeting, saving, and managing spending are essential topics in today’s world. The Research Anthology on Personal Finance and Improving Financial Literacy provides readers with the latest research and developments in how to improve, understand, and utilize personal finance methodologies or services and obtain critical financial literacy. The chapters within this essential reference work will cover personal finance technologies, banking, investing, budgeting, saving, and the best practices and techniques for optimal money management. This book is ideally designed for business managers, financial consultants, entrepreneurs, auditors, economists, accountants, academicians, researchers, and students seeking current research on modern advancements and recent findings in personal finance.

Handbook of Consumer Finance Research

Author : Jing Jian Xiao
Publisher : Springer
ISBN 13 : 3319288873
Total Pages : 379 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Handbook of Consumer Finance Research by : Jing Jian Xiao

Download or read book Handbook of Consumer Finance Research written by Jing Jian Xiao and published by Springer. This book was released on 2016-05-30 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of the authoritative resource summarizes the state of consumer finance research across disciplines for expert findings on—and strategies for enhancing—consumers’ economic health. New and revised chapters offer current research insights into familiar concepts (retirement saving, bankruptcy, marriage and finance) as well as the latest findings in emerging areas, including healthcare costs, online shopping, financial therapy, and the neuroscience behind buyer behavior. The expanded coverage also reviews economic challenges of diverse populations such as ethnic groups, youth, older adults, and entrepreneurs, reflecting the ubiquity of monetary issues and concerns. Underlying all chapters is the increasing importance of financial literacy training and other large-scale interventions in an era of economic transition. Among the topics covered: Consumer financial capability and well-being. Advancing financial literacy education using a framework for evaluation. Financial coaching: defining an emerging field. Consumer finance of low-income families. Financial parenting: promoting financial self-reliance of young consumers. Financial sustainability and personal finance education. Accessibly written for researchers and practitioners, this Second Edition of the Handbook of Consumer Finance Research will interest professionals involved in improving consumers’ fiscal competence. It also makes a worthwhile text for graduate and advanced undergraduate courses in economics, family and consumer studies, and related fields.

Financial Literacy

Author : Olivia S. Mitchell
Publisher : Oxford University Press
ISBN 13 : 0199696810
Total Pages : 328 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis Financial Literacy by : Olivia S. Mitchell

Download or read book Financial Literacy written by Olivia S. Mitchell and published by Oxford University Press. This book was released on 2011-10-27 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: As defined contribution pensions become prevalent, retirees are increasingly responsible for managing their own pension assets and thus their own financial literacy becomes crucial. Based on empirical evidence and new research, the book examines how financial literacy enhances retirement decision-making in ever more complex financial markets.

Cognitive Driven Biases, Investment Decision Making

Author : Dahiman Khan
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Cognitive Driven Biases, Investment Decision Making by : Dahiman Khan

Download or read book Cognitive Driven Biases, Investment Decision Making written by Dahiman Khan and published by . This book was released on 2020 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - The purpose of this study is to examine the impact of cognitive Biases on investment decisions in Pakistani market while the financial literacy plays moderating role. A study model has been developed to describe the impact of cognitive biases i.e. herding bias, Disposition effect and mental accountability on investment decisions while the financial literacy is playing a moderating role in this study.Design/Methodology/Approach - The data for this study has been collected through an adapted structured questionnaire, which were self-administered by respondents: The questionnaires were distributed among 250 individuals. Correlation and regression analysis was used to test the direct and indirect effects of the identified cognitive biases on investment decision in Pakistani market.Expected Results - The findings of this research shows that herding bias, disposition effect and mental accounting has a positive impact on investment decisions. Financial literacy has negative moderating role in herding bias and positive moderating role in Disposition effect and negative moderating effect on herding and mental accountability bias in investment decision.Limitations - Despite the time limitation, random sampling technique for data collection was adopted involving only individuals from Pakistan. Follow-up studies can collect the data on wider scale to re-verify the proposed model.Practical Implications - The result of this research shows that, herding bias has negative impact on investment decision while disposition effect and mental accounting bias has a positive impact on investment decisions. Financial literacy has negative moderating role in herding bias and positive moderating role in Disposition effect and negative moderating effect on herding and mental accountability bias in investment decision.Originality/Values - The study can be further expanded in the future by using various other psychological and behavioral factors having a significant impact on investor's decisions.

Partial Least Squares Structural Equation Modeling

Author : Necmi K. Avkiran
Publisher : Springer
ISBN 13 : 3319716913
Total Pages : 243 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis Partial Least Squares Structural Equation Modeling by : Necmi K. Avkiran

Download or read book Partial Least Squares Structural Equation Modeling written by Necmi K. Avkiran and published by Springer. This book was released on 2018-02-16 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book pulls together robust practices in Partial Least Squares Structural Equation Modeling (PLS-SEM) from other disciplines and shows how they can be used in the area of Banking and Finance. In terms of empirical analysis techniques, Banking and Finance is a conservative discipline. As such, this book will raise awareness of the potential of PLS-SEM for application in various contexts. PLS-SEM is a non-parametric approach designed to maximize explained variance in latent constructs. Latent constructs are directly unobservable phenomena such as customer service quality and managerial competence. Explained variance refers to the extent we can predict, say, customer service quality, by examining other theoretically related latent constructs such as conduct of staff and communication skills. Examples of latent constructs at the microeconomic level include customer service quality, managerial effectiveness, perception of market leadership, etc.; macroeconomic-level latent constructs would be found in contagion of systemic risk from one financial sector to another, herd behavior among fund managers, risk tolerance in financial markets, etc. Behavioral Finance is bound to provide a wealth of opportunities for applying PLS-SEM. The book is designed to expose robust processes in application of PLS-SEM, including use of various software packages and codes, including R. PLS-SEM is already a popular tool in marketing and management information systems used to explain latent constructs. Until now, PLS-SEM has not enjoyed a wide acceptance in Banking and Finance. Based on recent research developments, this book represents the first collection of PLS-SEM applications in Banking and Finance. This book will serve as a reference book for those researchers keen on adopting PLS-SEM to explain latent constructs in Banking and Finance.

Advanced Issues in Partial Least Squares Structural Equation Modeling

Author : Joseph F. Hair, Jr.
Publisher : SAGE Publications
ISBN 13 : 1483377415
Total Pages : 169 pages
Book Rating : 4.4/5 (833 download)

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Book Synopsis Advanced Issues in Partial Least Squares Structural Equation Modeling by : Joseph F. Hair, Jr.

Download or read book Advanced Issues in Partial Least Squares Structural Equation Modeling written by Joseph F. Hair, Jr. and published by SAGE Publications. This book was released on 2017-04-25 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written as an extension of A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM) Second Edition, this easy-to-understand, practical guide covers advanced content on PLS-SEM to help students and researchers apply techniques to research problems and accurately interpret results. The book provides a brief overview of basic concepts before moving to the more advanced material. Offering extensive examples on SmartPLS 3 software and accompanied by free downloadable data sets, the book emphasizes that any advanced PLS-SEM approach should be carefully applied to ensure that it fits the appropriate research context and the data characteristics that underpin the research.