{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,12,19]],"date-time":"2025-12-19T21:59:18Z","timestamp":1766181558637,"version":"3.37.3"},"reference-count":20,"publisher":"Wiley","license":[{"start":{"date-parts":[[2020,12,24]],"date-time":"2020-12-24T00:00:00Z","timestamp":1608768000000},"content-version":"unspecified","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["72003059"],"award-info":[{"award-number":["72003059"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]},{"name":"China Foundation for Development of Financial Education","award":["72003059"],"award-info":[{"award-number":["72003059"]}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Complexity"],"published-print":{"date-parts":[[2020,12,24]]},"abstract":"<jats:p>The level of financial literacy of rural residents will affect their financial decisions and the financial well-being behind the decisions. This paper uses mediating effect and moderating effect to test the influence path of rural residents\u2019 subjective and objective financial literacy on their financial decision-making with survey data from Henan and Anhui provinces in China. The results show that subjective and objective financial literacy have positive effects on financial market participation. Subjective and objective financial literacy have negative direct effects on insurance market participation. Subjective financial literacy plays an incomplete mediating effect in the impact of objective financial literacy on financial market and insurance market participation. Objective financial literacy is adjusted by subjective financial literacy on financial market participation and insurance market participation. At the same time, we introduce financial technology penetration as a threshold variable in the model and find that the financial literacy has stronger impact on financial decision-making if the financial technology penetration is above the threshold.<\/jats:p>","DOI":"10.1155\/2020\/6696312","type":"journal-article","created":{"date-parts":[[2020,12,24]],"date-time":"2020-12-24T19:05:38Z","timestamp":1608836738000},"page":"1-12","source":"Crossref","is-referenced-by-count":12,"title":["Fintech Penetration, Financial Literacy, and Financial Decision-Making: Empirical Analysis Based on Tar"],"prefix":"10.1155","volume":"2020","author":[{"given":"Yi","family":"Li","sequence":"first","affiliation":[{"name":"School of Finance, Hubei University of Economics, Wuhan, Hubei 430205, China"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-8867-686X","authenticated-orcid":true,"given":"Zhengwang","family":"Li","sequence":"additional","affiliation":[{"name":"School of Finance, Zhongnan University of Economics and Law, Wuhan, Hubei 430073, China"},{"name":"Hubei Financial Development and Financial Security Research Center, Wuhan, Hubei 430205, China"}]},{"given":"Fan","family":"Su","sequence":"additional","affiliation":[{"name":"School of Finance, Hubei University of Economics, Wuhan, Hubei 430205, China"}]},{"given":"Qiteng","family":"Wang","sequence":"additional","affiliation":[{"name":"School of Finance, Hubei University of Economics, Wuhan, Hubei 430205, China"}]},{"given":"Qian","family":"Wang","sequence":"additional","affiliation":[{"name":"School of Social Science and Public Policy, King\u2019s College London, London SE1 8WA, UK"}]}],"member":"311","reference":[{"key":"1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jmoneco.2006.12.001"},{"key":"2","unstructured":"MooreD.Survey of financial literacy in Washington state: knowledge, behavior, attitudes, and experiences2003Pullman, WA, USASocial and Economic Sciences Research Center, Washington State UniversityTechnical Report No. 03-39"},{"volume-title":"OECD\/INFE Toolkit for Measuring Financial Literacy and Financial Inclusion","year":"2015","author":"Organisation for Economic Co-Operation and Development (OECD)","key":"3"},{"key":"4","doi-asserted-by":"publisher","DOI":"10.1007\/s11205-013-0414-8"},{"key":"5","doi-asserted-by":"publisher","DOI":"10.1257\/aer.100.3.1238"},{"key":"6","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2011.03.006"},{"key":"7","doi-asserted-by":"publisher","DOI":"10.1007\/s10834-011-9259-y"},{"issue":"6","key":"8","first-page":"75","article-title":"The influence path and empirical test of rural residents\u2019 financial literacy on financial decision-making\u2014based on the survey of Shandong province","volume":"2018","author":"H. Zhang","year":"2018","journal-title":"Journal of Huazhong Agricultural University (Social Sciences Edition)"},{"key":"9","doi-asserted-by":"publisher","DOI":"10.1017\/s147474721100045x"},{"key":"10","doi-asserted-by":"publisher","DOI":"10.1017\/s1474747215000232"},{"key":"11","doi-asserted-by":"publisher","DOI":"10.1017\/s1474747211000448"},{"key":"12","unstructured":"NoctorM.StoneyS.StradingR.Financial literacy: a discussion of concepts and competences of financial literacy and opportunities for its introduction into young peopled leaming1992London, UKNational Foundation for Education ResearchReport Prepared for the National Westminster Bank"},{"key":"13","doi-asserted-by":"publisher","DOI":"10.1111\/j.1745-6606.2010.01170.x"},{"issue":"3","key":"14","first-page":"131","article-title":"Research on rural residents\u2019 financial literacy evaluation and influencing factors\u2014based on survey data from Hubei and Henan provinces","volume":"2017","author":"H. Zhang","year":"2017","journal-title":"China Rural Survey"},{"volume-title":"Research on the Influence of Urban Residents\u2019 Financial Literacy on Family Financial Decision","year":"2018","author":"H. Wang","key":"15"},{"issue":"2","key":"16","first-page":"62","article-title":"Financial capacity, financial decision-making and poverty","volume":"2019","author":"Y. Tan","year":"2019","journal-title":"Economic Theory and Business Management"},{"key":"17","doi-asserted-by":"crossref","DOI":"10.1007\/978-94-009-9941-1_24","volume-title":"On a Threshold Model","author":"H. Tong","year":"1978"},{"issue":"4","key":"18","first-page":"62","article-title":"Financial knowledge, investment experience and family asset selection","volume":"49","author":"Z. Yin","year":"2014","journal-title":"Economic Research Journal"},{"key":"19","doi-asserted-by":"publisher","DOI":"10.2145\/20070104"},{"key":"20","doi-asserted-by":"publisher","DOI":"10.1111\/1468-0262.00124"}],"container-title":["Complexity"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/downloads.hindawi.com\/journals\/complexity\/2020\/6696312.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/journals\/complexity\/2020\/6696312.xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/journals\/complexity\/2020\/6696312.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2020,12,24]],"date-time":"2020-12-24T19:05:57Z","timestamp":1608836757000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.hindawi.com\/journals\/complexity\/2020\/6696312\/"}},"subtitle":[],"editor":[{"given":"Wei","family":"Zhang","sequence":"additional","affiliation":[]}],"short-title":[],"issued":{"date-parts":[[2020,12,24]]},"references-count":20,"alternative-id":["6696312","6696312"],"URL":"https:\/\/doi.org\/10.1155\/2020\/6696312","relation":{},"ISSN":["1099-0526","1076-2787"],"issn-type":[{"type":"electronic","value":"1099-0526"},{"type":"print","value":"1076-2787"}],"subject":[],"published":{"date-parts":[[2020,12,24]]}}}