We are students of Financial Management of Colegio de San Pascual
Baylon, we are conducting a study on Students’ Financial Behavior in relation to
Investment Decisions.
Your honest response to our survey questionnaire will greatly help complete
our research. Rest assured that we comply with the Data Privacy Act of 2012 and
your answers will be handled with strict confidentiality.
PART I: DEMOGRAPHIC PROFILE
Direction: Kindly write the corresponding answer.
Name (Optional): Age:
Gender: Year Level:
Male Female First Year Second Year Third Year Fourth Year
PART II: FINANCIAL BEHAVIOR
Put a check mark inside the box that corresponds to your answer. Using a scale of 1 to 5 where:
1- Strongly Disagree
2- Disagree
3- Neutral
4- Agree
5- Strongly Agree
Financial Attitude (1) (2) (3) (4) (5)
1 I tend to live for today and let tomorrow take care of itself.
I find it more satisfying to spend money than to save it for the
2
long term.
3 Money is there to be spent.
Before I buy something I carefully consider whether I can
4
afford it or not.
5 I pay my bills on time.
6 I keep a close personal watch on my financial affairs.
7 I set long-term financial goals and strive to achieve them.
Behavioral Biases (1) (2) (3) (4) (5)
The best investment is investment made by everyone.
8
Past returns of investments are very important before making
9
investment.
Positive news about the area, that I am thinking to invest,
10
encourages me.
It affects me positively, if people whose opinions are valuable
11
for me, invest in the same areas with me.
12 I am able to predict exchange rates.
13 I have done successful investments, due to my financial skills.
The investments that I was unsuccessful were due to being
14
unlucky.
When the shares I bought lost value, I wait until its value
15
increase to the price at the beginning.
When there are negative news about an investment I have
16
made, I wait before taking any action, and I keep my
investment.
I will earn more from my future investments comparing to my
17
past experiences.
18 I make sure the area I will invest often takes place in the news.
Before I invest, I get advice from financial advisor or from my
19
friends.
Culture (1) (2) (3) (4) (5)
20 I am a person who is willing to take risks.
I rather go without something today in order to be able to afford
21
more tomorrow.
I tend to procrastinate tasks even though it would be better to
22
them immediately.
23 I am prepared to spend now and let the future take care of itself.
24 You should not spend more than what you have.
25 You should not have debts.
26 For me, money is a tool to accomplish goals.
27 Money gives me the freedom to do what I feel like.
28 For me, money is a tool to make friends.
29 I am prepared to do everything in order to get money.
PART III: INVESTMENT DECISION
Put a check mark inside the box that corresponds to your answer. Using a scale of 1 to 5 where:
1- Strongly Disagree
2- Disagree
3- Neutral
4- Agree
5- Strongly Agree
Decision Making (1) (2) (3) (4) (5)
I tend to consider all relevant factors before finally deciding
1
which investment to choose.
I often conduct an in-depth analysis before deciding on the
2 investment that I will make.
I tend to make investment decisions after conducting an in-
3
depth analysis of risks and returns.
I tend to seek advice from financial experts before making
4
significant investment decisions.
I feel compelled to constantly monitor the market situation and
5
trends before making investment decisions.
I tend to pay attention to the latest information and news
6 regarding the financial market before deciding which
investment to make.
I was obsessed with making a profit when investing and
7
sometimes ignored the risks involved.
I tend to think about my investments constantly, even outside
8
of working hours.
ABSTRACT
The study is formulated and inspired by the Theory of Planned Behavior. It states that the
financial behavior of the students is based on three key elements namely attitude, subjective norms,
and perceived behavioral control. It is quantitative research that seeks to determine the relationship
between financial behavior and investment decisions among finance students in Colegio De San
Pascual Baylon. The data gathered is primarily obtained from the results of distributing
questionnaires to the respondents using the Simple Random Sampling technique, therefore the
sample size was 115 finance students. The data analysis is performed in Microsoft Excel to calculate
the T-test, P-value, and the correlation of the two variables. The result of the study indicates that
there is no significant relation between financial behavior and investment decisions of finance
students. The study also reveals that neither gender nor year level significantly impacts financial
behavior and investment decisions
Colegio de San Pascual
Baylon