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Journal

Title The Curious Case of Filipino Micro-Entrepreneurs' Financial Sophistication and the Triple Bottom Line
Posted by Sheevun Di Guliman
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 http://dlsu-ber.com/wp-content/uploads/2019/04/1-guliman-041519.pdf