| Title |
The Curious Case of Filipino Micro-Entrepreneurs' Financial Sophistication and the Triple Bottom Line |
|
Authors |
Guliman, Sheevun Di & Uy, Arnel Onesimo |
|
Publication date |
2019 |
|
Journal |
DLSU Business & Economics Review |
| Volume |
28 |
| Issue |
3 |
| Pages |
1-10 |
| Publisher |
The De La Salle University Publishing House |
| Abstract |
This study examines the effects of the three proposed financial sophistication dimensions, that is, (1) knowledge; (2) behavior, and (3) decision-making style, on the triple bottom line (TBL) framework. Based on a sample of 384 micro-entrepreneurs across the National Capital Region (NCR) in the Philippines, results of PLS-SEM showed that the financial decision-making style had a positive effect on all areas of the TBL. Financial behavior showed to have positive effects on the economic and environmental aspects while financial knowledge only had a positive effect on the economic bottom line. Lastly, the relationship between female micro-entrepreneurs' financial decision-making style and the economic bottom line was found to be significantly higher than that of male micro-entrepreneurs. Implications of these findings were also discussed. |
| Index terms / Keywords |
microenterprises; financial sophistication; financial literacy, triple bottom line; decision-making style, PLS-SEM |
| URL |
|
Mindanao State
University - Iligan Institute of Technology