Author(s): Botond KÁLMÁN

Title: EFFECT OF ENVIRONMENTAL CRISES ON THE STRESS LEVEL AND FINANCIAL BEHAVIOUR OF UNIVERSITY STUDENTS

Source: E. Korcsmáros (ed.): 13th International Conference of J. Selye University. Economics Section. Conference Proceedings

ISBN: 978-80-8122-411-9

DOI: https://doi.org/10.36007/4119.2022.161

Publisher: J. Selye University, Komárno, Slovakia

PY, pages: 2021, 161-182

Published on-line: 2022

Language: en

Abstract: In my study, I analyze the impact of a coronavirus pandemic on student stress and financial behavior among university students in three countries. I also interviewed my questionnaire before and after the first wave, on a student sample of roughly one thousand five hundred in both years. The responses were processed using statistical methods, regression and path models. My results show that the pan-demic increases the stress level of the students and, in turn, also changes their financial behavior. However, the extent of the change is determined by the direction in which the student is studying. More financial knowledge of economics students can, on the one hand, protect against bad financial decisions, and it also makes obvious the dangers lurking for students, thus enhancing the experience of stress. All this highlights the importance of acquiring the right knowledge, for which the last organized educational opportunity is higher education.

Keywords: stress, financial behavior, university students, COVID-19, economic crisis

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