Jaysone Christopher Bancoro
Negros Oriental State University

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Financial Literacy of MSME Business Owners in the Municipality of San Jose, Negros Oriental, Philippines: A Basis for a State University’s Extension Program Jaysone Christopher Bancoro
International Journal of Asian Business and Management Vol. 2 No. 3 (2023): June, 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijabm.v2i3.4369

Abstract

Financial literacy is a crucial determinant of making sound and prudent financial decisions. However, a global study revealed that the majority of the world’s population is financially illiterate. From these precepts, this study was conducted to evaluate the level of financial literacy among 40 MSME business owners in the Municipality of San Jose, Negros Oriental, Philippines. The results will be used to decide if a university extension program could be started. This research made use of a descriptive methodology and collected data using five-point Likert scale survey method. The results of the study showed that MSME business owners have high levels of debt management, utilization of savings account, and reduce spending knowledge. On the other hand, MSME business owners need to improve in the overall personal financial management, long-term planning, emergency and risk.  The researcher recommends the development of a comprehensive financial training program, sharing of best practices, and the provision of avenues for financial consultations. Improving financial literacy can help microbusiness owners better manage their finances, reduce financial stress, and increase the chances of their business's success
Exploring the Influence of Perceived Usefulness and Perceived Ease of Use on Technology Engagement of Business Administration Instructors Jaysone Christopher Bancoro
International Journal of Asian Business and Management Vol. 3 No. 2 (2024): April 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijabm.v3i2.8714

Abstract

The increasing prevalence of technology in educational settings, driven by advancements in digital tools and changing pedagogical paradigms, has made its integration vital, particularly in business education, to prepare students for success in dynamic environments. The pandemic further accelerated the adoption of flexible learning modalities, emphasizing the necessity for increased adaptability and resilience in traditional learning environments, and underscoring technology's indispensable role in education. The research methodology involves a quantitative descriptive design, utilizing surveys administered to twenty-nine (29) faculty members of the Negros Oriental State University, Main Campus 1. The study used descriptive statistics and structural equation modeling. The findings indicate a strong agreement among respondents regarding the usefulness and ease of utilizing technology in teaching contexts, with mean scores reflecting high levels of agreement across various statements. Notably, instructors perceived technology as highly useful in teaching and generally find technology easy to use. However, the cognitive challenges associated with its integration are acknowledged, particularly concerning the mental effort required. The study reveals widespread adoption of technology for instructional purposes among respondents, with video conferencing, learning management systems, and collaboration platforms being the most commonly used tools. Furthermore, the analysis of the relationship between technology engagement and technology utilization suggests that perceived usefulness and ease of use do not significantly impact engagement with technology in educational settings. The recommendation is to establish technology integration committees, implement clear standards, invest in infrastructure, offer innovation incentives, foster openness to avoid technology hesitancy, integrate technology into curriculum design, facilitate online collaboration, emphasize data privacy, build community partnerships, and prioritize continuous evaluation.