The curious case of filipino micro-entrepreneurs’ financial sophistication and the triple bottom line

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Document Type

Article

Source Title

DLSU Business and Economics Review

Volume

28

Issue

3

First Page

1

Last Page

10

Publication Date

4-1-2019

Abstract

© 2019 by De La Salle University. 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.

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