Perceptions of Financial Intelligence among Nurses: Implications for Professional Development

Abstract

Purpose: This study explores the elements influencing financial intelligence among nurses and its impact on professional improvement.

Design/Methodology/Approach: The study explores nurses' perceptions of financial intelligence and the usage of a cross-sectional quantitative strategy, with a sample of 300 registered nurses decided on the use of stratified random sampling.

Results: The regression analysis reveals that financial education, professional experience, and work environment significantly impact financial intelligence among nurses. Specifically: Financial education positively affects financial intelligence (coefficient = 0.45, p < 0.001). Professional experience also has a positive influence on financial intelligence (coefficient = 0.30, p < 0.001). Work environment contributes positively to financial intelligence (coefficient = 0.25, p < 0.001). Job satisfaction moderates the relationship between financial education and financial intelligence (coefficient = 0.20, p < 0.001), while income level moderates the effect of professional experience on financial intelligence (coefficient = 0.15, p = 0.003). Financial stress negatively mediates the relationship between financial intelligence and professional development (coefficient = -0.35, p < 0.001), whereas career satisfaction positively mediates this relationship (coefficient = 0.40, p < 0.001).

Conclusion: The study suggests that improving financial education, professional experience, and work environment can enhance financial intelligence among nurses, with job satisfaction and income level playing crucial roles. Financial stress and career satisfaction mediate this effect.