Paper Title :Financial Knowledge, Behavior and Attitude of Micro Business Owners: Basis for Developing Financial Literacy Training Modules
Author :Juris C. Ponio, Raymond C. Timog
Article Citation :Juris C. Ponio ,Raymond C. Timog ,
(2017 ) " Financial Knowledge, Behavior and Attitude of Micro Business Owners: Basis for Developing Financial Literacy Training Modules " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 35-40,
Volume-3,Issue-12
Abstract : The study was undertaken to address one of the perennial problems that people are facing – POVERTY. Poverty
which is often times brought by poor money management. The subject of this research includes one sector of the Philippines’
economy – the micro business owners of a selected public market. The ultimate objective of this research was to determine
the level of financial knowledge, behavior and attitude of the target population. A standardized questionnaire, developed by
the Organization for Economic Cooperation and Development (OECD) was adapted for this study. Using the questionnaire,
the level of financial knowledge, behavior and attitude of the target respondents were measured. The findings revealed that
numerous of the micro business owners have average level of financial knowledge, average level of financialbehavior and
low level of financial attitude. It was also found out on this study that financial knowledge and behavior are positively
correlated, as well as financial knowledge and financial attitude. Analyses of the data gathered led the researchers to the
development of training modules designed to improve the overall level of financial literacy of the micro-business owners.
Index Terms - Financial literacy, financial knowledge, financial behavior, financial attitude, micro business
Type : Research paper
Published : Volume-3,Issue-12
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-10451
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Copyright: © Institute of Research and Journals
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Published on 2018-02-10 |
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