- Original authors / creators
- Abdullah Hamoud Ali Seraj; Elham Alzain; Ali Saleh Alshebami
- Original publication
- Frontiers in Psychology · Frontiers Media SA · 2022-09-30
- License & retained notices
- CC BY 4.0
Copyright © 2022 Seraj, Alzain and Alshebami.
Article-specific license evidence ↗Exact license notice
© 2022 Seraj, Alzain and Alshebami. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) . The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. - Edition changes
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- Evidence limits
- Adjacent research, not a directly sampled family-office study. Applicability to a family office requires separate assessment. This study has some limitations that future researchers can address. It was limited to a small sample size, and a larger sample size could provide more generalisable results in future studies (Bougie and Sekaran, 2019). The other limitation is that this study collected data using questionnaires. Investors and professionals from Saudi Arabia could be interviewed in the future to obtain more comprehensive information on financial literacy and investment decisions. This study is based on quantitative data, but qualitative data could provide valuable insights into the opinions and thoughts of investors to achieve a better interpretation and understanding of the association between financial literacy and investment decisions in Saudi Arabia. This study examined the moderating role of overconfidence. Future researchers could examine the association between financial literacy and investment decisions through the moderating role of demographic factors, such as education, gender, monthly income, age, employment status or workplace activity. Future studies could also add some mediating variables to the association between financial literacy and investment decisions. The current study is based on cross-sectional data, and in the future, researchers could focus on a longitudinal study to investigate the causal impact of financial literacy on investment decisions. Finally, this study used convenience sampling, and simple random sampling or other sampling methods could be used in the future to ensure minimal bias in the data (Bougie and Sekaran, 2019).
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- Rights and full text checked 2026-11-05. Included in this volume on 2026-11-05. Original source dates remain unchanged.
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