The Curious Case of Filipino Micro-Entrepreneurs’ Financial Sophistication and the Triple Bottom Line

Authors

Sheevun Di O. Guliman, Mindanao State University–Iligan Institute of Technology, PhilippinesFollow
Arnel Onesimo O. Uy, De La Salle University, Manila, Philippines

JEL Classification System

G41; I25; L26

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.

Recommended Citation

Guliman, Sheevun Di O. and Uy, Arnel Onesimo O. (2019) "The Curious Case of Filipino Micro-Entrepreneurs’ Financial Sophistication and the Triple Bottom Line," DLSU Business & Economics Review: Vol. 28: No. 3, Article 2.
DOI: https://doi.org/10.59588/2243-786X.1140
Available at: https://animorepository.dlsu.edu.ph/ber/vol28/iss3/2