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All Journal International Journal of Entrepreneurship, Business, and Creative Economy
Alejo, Jessica A
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Humanities Economics, Econometrics & Finance Social Sciences

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Breaking Barriers: A Comprehensive Study on Financial Literacy Impacting Women Entrepreneurs' Financial Behavior Dangcil, Angelica Y; Ruiz, Mary Alexia A; Mateo, Mary Rose R; Alejo, Jessica A
International Journal of Entrepreneurship, Business and Creative Economy Vol. 4 No. 2 (2024): July
Publisher : Research Synergy Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/ijebce.v4i2.2036

Abstract

Several studies have shown that financial literacy is crucial in the business world. Those who are more financially literate tend to manage debt and investment better. Hence, financial literacy is paramount for entrepreneurs, particularly women entrepreneurs, to assist them in their daily transactions. The study explores the link between financial literacy and financial behaviour among women entrepreneurs in Ilocos Norte, Philippines. The study employed a quantitative research design and analyzed survey data collected from 377 women entrepreneurs using structural equation modelling to explore the relationship between financial literacy and financial behaviour. The data collected revealed that women entrepreneurs have sufficient financial literacy. Furthermore, the findings showed that financial behaviour is positively influenced by financial literacy, as demonstrated by linear regression analysis.
Co-Authors Dangcil, Angelica Y Mateo, Mary Rose R Ruiz, Mary Alexia A