Methodological Approaches to the Study of Financial and Economic Culture

The article provides definitions of economic and financial culture. Based on a comparative analysis of the theories of foreign and Russian scientists, we identified three main approaches to the definition of the concept of “financial culture” culturological, behavioural, and futurological. The authors consider the financial culture of modern Russia as a complex and internally contradictory complex of traditions, moral and ethical norms and rules of economic and economic activity in conditions of societal transformation that has seldom stopped over the past twenty years. In the definitions of economic and financial culture, the authors noted discursive and practical elements. Also, two main components are identified based on the definition of the studied types of cultures: shared cultural practices and shared cultural interpretation. Further, we outlined the task of research in financial and economic culture, which consists of analysing the impact of cultural practices and cultural phenomena on economic processes. The article provides an example of the study of social practices, describes the qualitative methods of studying financial and economic culture, including the scenario approach, identifies the place of discourse analysis in the study of financial and economic culture.

1. Pogrebnyak A.A., Raskov D.E. Economy as culture: a return to the “method dispute” of culture. Almanac of the Center for the Study of Economic Culture. St. Petersburg: Gaidar Institute Publishing House; 2013. (In Russ.).

2. Sedlacek T. Economy of good and evil. Searching for the meaning of economics from Gilgamesh to Wall Street. Moscow: Ad Marginem Press; 2016. 544 p. (In Russ.).

3. Stompel O.M., ed. Man and Society: Culturology. Reference dictionary. Rostov-on-Don: Phoenix; 1996. (In Russ.).

4. Rozmainskiy I.V. Economic culture as a factor and barrier to economic growth. Zhurnal institutsional’nykh issledovaniy = Journal of Institutional Research. 2012;4;(4):22–32. (In Russ.).

5. Bandelj N., Spillman L., Wherry F. Economic Culture in the Public Sphere: Introduction. European Journal of Sociology. 2015;(56):1–10.

6. Moiseeva D.V. Financial literacy of the population of the Russian region: economic and sociological analysis. The dissertation … candidate of sociological sciences: 22.00.03. Volgograd; 2017. (In Russ.).

7. Béres D., Huzdik K. A pénzügyi kultúra megjelenése makrogazdasági szinten. URL: https://www.penzugyiszemle.hu/documents/322–336-beres-huzdikpdf_20170827102913_20.pdf

8. Süge Cs. A pénzügyi kultúra mérhetősége. In: Tompáné Dr. Daubner Katalin & Dr. Miklós György (szerk.) Tudomány napi előadás. Tudományos mozaik 7. Második kötet. Kalocsa, Tomori Pál Főiskola; 2010). p. 1–11.

9. Atkinson A., Messy F.A. Measuring Financial Literacy: Results of the OECD. International Network on Financial Education (INFE) Pilot Study. OECD Working Papers on Finance, Insurance and Private Pensions. Paris; 2012.

10. Csorba L. The Determining Factors of Financial Culture, Financial Literacy and Financial Behavior. Public Finance Quarterly. 2020;(1):67–83.

11. Tadesse S., Kwok C. National culture and financial systems. URL: https://link.springer.com/article/10.1057/palgrave.jibs.8400188.

12. Ashraf B.N., Zheng C., Arshad S. Effects of national culture on bank risk-taking behaviour. URL: https://doi.org/10.1016/j.ribaf.2016.01.015.

13. Boubakri N., Saffar W. Culture and externally financed firm growth. URL: https://doi.org/10.1016/j.jcorpfin.2016.04.003.

14. Chui A., Kwok C. National culture and life insurance consumption. URL: https://doi.org/10.1057/palgrave.jibs.8400316.

15. Kessler D., Perelman S., Pestieau P. Savings Behavior in 17 OECD Countries. URL: https://doi.org/10.1111/j.1475–4991.1993.tb00436.x.

16. Aimaletdinov T.A. The role of the municipal information environment in the formation of the financial culture of the population. URL: http://www.isras.ru/abstract_bank/1217593630.pdf (In Russ.).

17. Maloletnev A.L. A word about “culture”. URL: https://raex-a.ru/editions/article124. (In Russ.).

18. Fatikhov A.I., Nasibullin R.T. The problems of the formation of the financial culture of the population of Russia through the prism of sociological research. URL: https://pnu.edu.ru/media/vestnik/articles/416.pdf (In Russ.).

19. Ekimova K.V., Galazova S.S., Manuilenko V.V. The main directions of the relationship between financial science and financial culture. Vestnik universiteta = University Bulletin. 2019; (12):167–172. (In Russ.).

20. Zubov A., Strada V. Russia at the turn of the century: 1991. Moscow: ROSSPEN; 2011. (In Russ.).

21. Tambovtsev V.L. The factor of culture in the economy. Materials of the IV International Scientific Conference “Institutional Transformation of the Economy: Russian Vector of New Industrialization”. Moscow: Lomonosov Moscow State University; 2015. (In Russ.).

22. Hofstede G. Hofstede cultural dimensions. Journal of Cross-cultural psychology. 1984;15(4):417–433.

23. Inglehart R. Modernization, cultural change, and the persistence of traditional values. American sociological review. 2000;65(1):19–51.

24. Kadochnikov D.V., Oding N. Yu., Savulkin L.I. Culture, institutions and economic behaviour in Russia. Almanac of the Center for the Study of Economic Culture. St. Petersburg: Gaidar Institute Publishing House; 2013. (In Russ.).

25. Tambovtsev V.L. Innovation and culture: the importance of analytical methodology. Voprosy ekonomiki = Economic issues. 2018;(9):70–94. (In Russ.).

26. Tarabanov A.E. Global capitalism: actant-narrative analysis of ideology. Almanac of the Center for the Study of Economic Culture. St. Petersburg: Gaidar Institute Publishing House; 2014. (In Russ.).

27. Vodenko K.V. Historical memory and economic culture: specificity of interconnection and mutual influence. Sociology and Society: Traditions and Innovations in the Social Development of Regions: Collection of Reports of the VI All-Russian Sociological Congress. 2020. URL: https://www.ssa-rss.ru/files/File/Conference/VSK-VI/Sbornik/VodenkoKV-2.pdf (In Russ.).