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Financial literacy:the case of migrant African-Australian women entrepreneurs in the cairns region

Author

Listed:
  • Jane Njaramba

    (James Cook University, Australia)

  • Philemon Chigeza

    (James Cook University, Australia)

  • Hilary Whitehouse

    (James Cook University, Australia)

Abstract

Purpose: To explore the financial literacy of eleven migrant African-Australian women entrepreneurs in the Cairns region. Methods: A qualitative case study approach was used to investigate financial literacy of eleven women via semi-structured interviews; survey questionnaire; and researcher’s reflective journal. Findings: revealed that: (1) all the participating women had a high level of financial literacy; (2) the higher the level of education and English language proficiency of the women, the higher the level of financial literacy. Research limitations/Implications: The data was gathered from migrant women in one geographical region, so the results are limited in applicability and cannot be inferred to be similar to different regions and cultures. Similar research could be undertaken and cover a wider region, in order to gather more substantial data from a larger number of women and obtain more representative findings. Originality/value: This study provides empirical data of financial literacy among participating women, contributes to a new body of knowledge and provides a foundation for further research in this area. The study serves to inform aspiring migrant African-Australian women entrepreneurs themselves and may inform policymakers.

Suggested Citation

  • Jane Njaramba & Philemon Chigeza & Hilary Whitehouse, 2015. "Financial literacy:the case of migrant African-Australian women entrepreneurs in the cairns region," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 3(2), pages 198-208, December.
    • Handle: RePEc:ssi:jouesi:v:3:y:2015:i:2:p:198-208
    DOI: 10.9770/jesi.2015.3.2(7)
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    References listed on IDEAS

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    1. Lusardi, Annamaria & Mitchell, Olivia S., 2011. "Financial literacy around the world: an overview," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(4), pages 497-508, October.
    2. Angela Hung & Joanne Yoong & Elizabeth Brown, 2012. "Empowering Women Through Financial Awareness and Education," OECD Working Papers on Finance, Insurance and Private Pensions 14, OECD Publishing.
    3. World Bank, 2012. "World Development Indicators 2012," World Bank Publications - Books, The World Bank Group, number 6014, April.
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    Cited by:

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    2. Noraizan Ripain & Sharifah Milda Amirul & Rasid Mai, 2017. "Financial literacy and SMEs’ potential entrepreneurs: The case of Malaysia," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 3(2), pages 60-68.
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    4. Manuela Tvaronavičienė, 2016. "Start-ups across the EU: if particular tendencies could be trace," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 3(3), pages 290-298, March.

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    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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