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Financial literacy and entrepreneurial behavior of Junior high school students: Basis for TLE management plan

Author

Listed:
  • Rogelia Danica Español

    (Department of Education-Cebu Province, Cebu)

  • Joemar T. Miñoza

    (Cebu Technological University-Tuburan, Cebu)

  • Leo Zosa

    (Cebu Technological University-Tuburan, Cebu)

Abstract

This research assesses the Junior High School students’ financial literacy and its impact on their entrepreneurial behavior at Moalboal National High School for the school year 2022 - 2023 based on the TLE Management Plan. The research utilized a descriptive method of research to accurately and systematically describe the profile, financial literacy, and entrepreneurial behavior of the respondents who were chosen randomly using the fishbowl technique. Furthermore, a correlational study is also employed to determine the significant relationship between respondents’ financial literacy and entrepreneurial behavior. This study utilizes a standardized survey questionnaire for financial literacy retrieved from Jorgensen (2007) while for entrepreneurial behavior patterned from Abun, Foronda, Agoot, Belandres, and Magallanez (2018). It was revealed that respondents’ age range from 12 to 17, where there are a greater number of women than men, the majority of them are full-time students, very few are engaged to work, and a majority of their family income is below 20,000.00php; financial knowledge, attitude, and behavior are moderately average, entrepreneurial behavior is high or more than the average but not very high; demographic profile has significant relationship with financial literacy; demographic profile is not significant to their entrepreneurial behavior; financial knowledge and behavior do not have significant relationship with entrepreneurial behavior, but financial literacy does. It can be concluded that financial literacy as to financial attitude is a determinant of entrepreneurial behavior, presumably so as with financial knowledge and behavior if they were only fully developed. It is recommended to integrate financial literacy and entrepreneurial behavior extensively in the curriculum of secondary education.

Suggested Citation

  • Rogelia Danica Español & Joemar T. Miñoza & Leo Zosa, 2024. "Financial literacy and entrepreneurial behavior of Junior high school students: Basis for TLE management plan," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 14(4), pages 3-19.
    • Handle: RePEc:bjw:econen:v:14:y:2024:i:4:p:3-19
    DOI: 10.46223/HCMCOUJS.econ.en.14.4.2808.2024
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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