Determination of the public sector managers' financial literacy levels

The increasing prevalence of financial crises, globalisation and the gradual expansion of capital markets to the grassroots level serves to reinforce the importance of Financial Awareness Day. The developments in technology that have occurred in recent years, the size of the volumes involved in financial transactions, the reflection of the effects of individual decisions on the general economy, and the prevalence of financial fraud have collectively highlighted the importance of financial literacy for managers working in the public sector. It has been demonstrated that individuals with low financial literacy are prone to making erroneous decisions in line with the financial choices they make independently. It can be predicted that managers in the public sector who possess financial literacy skills will be able to make concrete contributions to their respective fields. Therefore, it can be argued that increasing the financial literacy levels of managers in the public sector may be a prerequisite for them to be successful in the areas they serve. In order to increase the financial literacy levels of managers in the public sector, it is first necessary to determine their current financial literacy levels. The objective of this study is to ascertain the financial literacy levels of public sector managers and to identify any differences between the financial literacy levels of lower, middle and upper-level managers working in the public sector in relation to various demographic variables. In order to ascertain the financial literacy levels of public sector managers, a questionnaire comprising three sections, developed by Gültekin (2020), was employed as a data collection instrument. The participants in the study comprised a total of 125 managers, 102 male and 23 female, employed in the public sector in Niğde province and its districts. This study, which aims to determine the financial literacy levels of public sector managers, was designed quantitatively in accordance with the general survey model. The data collected within the scope of the study were evaluated using a range of analytical techniques, including frequency analysis, a two-way chi-square test, factor analysis and one-way analysis of variance, with the latter conducted using the SPSS programme.