Financial Literacy and Corporate Social Responsibility as Predictor to Sustainability of Smes
Journal: THE INTERNATIONAL JOURNAL OF BUSINESS MANAGEMENT AND TECHNOLOGY (Vol.6, No. 4)Publication Date: 2022-08-30
Authors : KAREN JOYCE AGAYAN-ANGTEG LPT MBA JIMNANIE . MANIGO DBA;
Page : 14-105
Keywords : financial literacy; corporate social responsibility; sustainability; Municipality of Kapalong.;
Abstract
: Sustainability among SMEs is now a major concern due to the disruptive nature of financial and social concerns. Hence, this study explored financial literacy and corporate social responsibility as predictors of sustainability and presents the domains for growth and performance that aspired to know which domains of financial literacy and corporate social responsibility best predict the sustainability of SMEs in the Municipality of Kapalong. The quantitative descriptive-correlational method, a non-experimental design, was used in the study. Stratified random sampling was used in this study. The respondents of this study were the 366 SMEs. The statistical tools employed to interpret the data gathered are mean, Pearson-r, and regression analysis. The findings of the study revealed a very high level of financial literacy in terms of financial knowledge, financial influence, financial attitude, and financial behavior.It was also revealed that the level of Corporate Social Responsibility was very high in terms of community performance, workplace performance, and customer performance. Also, the level of sustainability in terms of corporate reputation, brand image, and financial value was very high. Moreover, there existed a significant link between financial literacy and corporate social responsibility towards the sustainability of SMEs. This study provides an enabling mechanism of frameworks for the sustainability of SMEs in local contextsv
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