Authors : Sherren B. Tamayo

Volume/Issue : Volume 9 - 2024, Issue 6 - June

Google Scholar : https://tinyurl.com/kjmubpkp

Scribd : https://tinyurl.com/29rdbtav

DOI : https://doi.org/10.38124/ijisrt/IJISRT24JUN2030

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Abstract : The study aimed to looked into the influence of financial prudence of employees towards employees’ interest towards graduate study. In this study, the researcher selected the 100 government employees in Local Government Unit (LGU) in Koronadal City as the respondents of the study. Stratified random sampling technique was utilized in the selection of the respondents. Non-experimental quantitative research design using descriptive-correlational method was employed. The data collected were subjected to the following statistical tools: Mean, Pearson Moment Product Correlation and Regression Analysis. Findings revealed that financial prudence and employees’ interest in graduate study were rated as extensive. Further, correlation analysis demonstrated that there is a significant relationship between financial prudence and employees’ interest towards graduate study in Koronadal City. Evidently, regression analysis proved that financial prudence in terms of financial resources and financial goals identification significantly influenced the employees’ interest towards graduate study in Koronadal City. Local Government Unit (LGU) should introduce initiatives that promote financial literacy and prudence among employees, including workshops, seminars, and educational resources tailored to the specific financial needs and challenges associated with pursuing graduate study.

Keywords : Educational Management, Financial Prudence, Employees’ Interest Towards Graduate Study, Regression Analysis, Philippines.

References :

1. Abioro, M. (2013), The impact of cash management on the performance of manufacturing companies in Nigeria. Uncertain Supply Chain Management, 1(3), 177-192. Retrieved from https://www.researchgate. net/publication/315798404_The_impact_of_csh_management_on_the_performance_of_manufacturing_in_Nigeria
2. Akosah-Twumasi, P., Sharma, U., & Doran, B. (2018). Financial capability, socio-demographic characteristics and access to higher education: The        case of Ghana. Journal of Education and Work, 31(7-8), 701-714. https://doi.org/10.1080/13639080. 2018.1555580
3. Aliyu, B. B. (2018). Assessment of financial management practices among secondary school principals Kaduna State. International Journal of Hospitality & Tourism Management, 2(2), 22-27. Retrieved from http://www.sciencepublishinggroup.com/j/ijhtm
4. Allen, I. E., & Seaman, J. (2019). Going the Distance: Online Education in the United States, 2019. Babson Survey Research Group.
5. Amatucci, F., & Crawley, D. (2016). Financial self‐efficacy among women entrepreneurs. Retrieved from https://www.emerald.com/insight/content/ doi/10.1108/17566261111114962/full/html?skipTracking=true
6. Amponsah, B. (2015). Assessing the effect of financial literacy on saving behavior: A case study of small scale miners in Manso Atware in Amansie West District. Retrieved from http://ir.knust.edu.gh/ bitstream/123456789/8534/1/BARBARA%20AMPONSAH.pdf
7. Babalis, T., Xanthakou, Y., Kaila, M., & Stavrou, N. (2016). Research attitude and innovative-creative thinking: Differences between undergraduate male and female students. Procedia - Social and Behavioral Sciences, 69, 1452 – 1461. https://cyberleninka.org/ article/n/446254
8. Babiarz, P., & Robb, C. A. (2014). Financial literacy and emergency saving. Journal of Family and Economic Issues, 35(1), 40–50. Retrieved from http;//doi:10.1007/s10834-013-9369-9
9. Babil, D. (2012). Cash management: Improving the liquidity for Jonsons Byggnads AB with cash management. Retrieved from https://www.diva-portal.org/smash/get/diva2:545527/FULLTEXT01.pdf
10. Butt, I. H., & Shams, J. A. (2014). Master in education student attitudes towards research: A comparison between two public sector universities in Punjab. A Research Journal of South Asian Studies, 28(1), 95-107. http://pu.edu.pk/images/journal/ csas/PDF/7_V28_1_2013.pdf
11. Dsouza, M. A., Balakrishnan, T., Vora, M., Pereira, B.M., Palkar, D., Zaman, B., & Khandekar, R. (2017). The attitude of undergraduate medical students towards research: A case study from two medical colleges in Maharashtra, India. Current Science, 113(6), 1129-1134. https://jhu.pure.elsevier.com/ en/publications/the-attitude-of-undergraduate-medical-students-towards-research-a
12. Fontinelle, A. (2019). Why saving money is important. Retrieved from https://www.investopedia.com/articles/personal-finance/031215/why-saving-money-important.asp
13. Gilbert, Y. (2015). Cash management practices: A study on residential facilities for Kwame Nkrumah University of Science and Teachnology students. Retrieved from http://ir.knust.edu.gh/bitstream/ 123456789/8503/1/YAMOAH%20GILBERT.pdf
14. Gross, E. (2016). Development of a financial decision-making self-efficacy measure for older adults. Retrieved from https://digitalcommons.wayne.edu/cgi/viewcontent.cgi?article=1581&context=oa_theses
15. Hamza, K., Mutala, Z., & Antwi, S. K. (2015). Cash management practices and financial performance of small and medium enterprises (SMEs) in the Northern Region of Ghana. Retrieved from http://ijecm.co.uk/wp-content/uploads/2015/07/3730. Pdf
16. Jacobson, L. (2020). College success Arizona highlights importance of non‐academic supports to increasing college aƩainment: Newest policy brief describes the need for supports that strengthen non‐academic knowledge and social and emoƟonal skills to boost college access and success in Arizona. NASDAQ OMX's News Release DistribuƟon Channel
17. Kakupa, P. (2019). Students’ attitudes towards research: A study of graduate education students at a Chinese Normal University. Educational Process: International Journal, 8(2), 97-110. https://www.edupij.com/files/1/articles/article_156/EDUPIJ_156_article_5c7429655d640.pdf
18. Kholilah, N. Al, &Iramani, R. (2013). Studies on financial management behavior in PadaMasyarakat Surabaya. Journal of Business and Banking, 3(1), 69–80. Retrieved from https://doi.org/10.14414/ jbb.v3i1.255
19. Kim, M. J. (2015). Essay on consumer saving behavior. Retrieved from https://oaktrust.library.tamu.edu/bitstream/handle/1969.1/155667/KIM-DISSERTATION-2015.pdf? sequence=1&isAllowed=y
20. Knight, B. G., Kim, S., Rastegar, S., Jones, S., Jump, V., & Wong, S. (2016). Influences on the perception of elder financial abuse among older adults in Southern California. Int Psychogeriatr, 28(1), 163-169. Retrieved from http://doi:10.1017/ S1041610215000587
21. Kumaran, S. (2013). Financial literacy, financial education: A road map to personal financial well-being and prosperity. International research journal of finance and economics, 108, 132-143.
22. Letkiewicz, J., Domian, D., Robinson, C., & Uborceva, N. (2014). Self-efficacy, financial stress, and the decision to seek professional financial planning help. Retrieved from https://academyfinancial.org/resources/Documents/Proceedings/2014/E7_Letkiewicz_Domian_Robinson_Uborceva.pdf
23. Lim, H., Heckman, S. J., Letkiewicz, J. C., & Montalto, C. P. (2014). Financial stress, self-efficacy, and financial help-seeking behavior of college students. Journal of Financial Counseling and Planning, 25(2), 148–160. Retrieved from https://files.eric.ed.gov/fulltext/EJ1048681.pdf
24. Lisa, X., & Bilal, Z. (2013). Financial Literacy around the World: An Overview of the Evidence with Practical Suggestions for the Way Forward.
25. Lown, J. M., Banerjee, S., & Polenick, C. A. (2018). The association between financial self-efficacy and financial management behaviors among college students. Journal of Financial Counseling and Planning, 29(1), 148-161. https://doi.org/10.1891/ 1052-3073.29.1.148
26. Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5–44. Retrieevd from http://doi:10.1257/jel.52.1.5
27. Mayasari, M., & Sijabat, Z. M. (2017). Pengaruh financial self-efficacy. Journal of Applied Managerial Accounting, 1(2). Retrieved from http://repository.uin-suska.ac.id/21602/1/GABUNG. pdf
28. McNair, T. B., AlberƟne, S., Cooper, M. A., McDonald, N., & Major, T. (2016). Becoming a student ready‐college: A new culture of leadership for student success. Jossey‐Bass.
29. Memarpour, M., Fard, A. P., & Ghasemi, R. (2015). Evaluation of attitude to, knowledge of and barriers toward research among medical science students. Asia Pacific Family Medicine, 14(1), 1-12. Retrieved October 8, 2022 from http://DOI 10.1186/s12930-015-0019-2
30. Moreno, L. S. (2019). Exploring the ways first‐generation Mexican American male                transfer students experience their community college support structure. [Unpublished Dissertation, Doctor of Philosophy degree in EducaƟonal Policy and Leadership Studies] University of Iowa.
31. Mullock, K., & Turcotte, J. (2013). Financial literacy and retirement saving. Retrieved from http://www.fin.gc.ca/wp/2012-01-eng.asp>
32. Mungal, A. (2015). The impact of cash management on profitability and sustainability of small retail businesses in Tongaat area, KwaZulu-Natal. Retrieved from https://www.semanticscholar.org/paper/The-impact-of-cash-management-on-profitability-and-Mungal/84acd46a1c5b46d5e1c78097448d305ff750307a?p2df
33. Nguyen, H. T. (2016). Financial self-efficacy scale: Development and validation of a measurement tool. Retrieved from https://conservancy.umn.edu/ bitstream/handle/11299/198375/Nguyen_umn_0130E_16949.pdf?sequence=1&isAllowed=y
34. Nkrumah, E. (2015). Assessing the level of financial literacy among teachers: A case study of Seryere East District of Ashanti Region of Ghana.Retrieved from http://ir.knust.edu.gh/bitstream/123456789/8611/1/OWUSU%20ERIC%20NKRUMAH.pdf
35. Pan, W., & Tang, M. (2014). Students’ perspectives on factors of statistics anxiety and intervention strategies. Paper presented at the American Educational Research Association Conference, San Diego, CA.
36. Papanastasiou, E. C. (2015). Factor structure of the attitudes toward research scale statistics education. Research Journal, 4(1), 16-26. https://iase-web.org/documents/SERJ/SERJ4(1)_Papanastasiou.pdf
37. Pelkola, M. E.(2015). Investment and savings policies from the perspective of estate planning. Retrieved from https://core.ac.uk/download/pdf/38130669.pdf
38. Phenya, A. (2012). An assessment of the financial management skills of small retail business owners/managers in Dr. JS Moroka Municipality. http://uir.unisa.ac.za/bitstream/handle/10500/4878/dissertation_phenya_a.pdf?sequence=1&isAllowed=y
39. Polanin, J. R., Maynard, B. R., & Sanetti, L. M. H. (2018). Financial aid and            college enrollment, persistence, and graduation: A systematic review. American Educational Research Journal, 55(4), 615-655. https://doi.org/10.3102/0002831217751971
40. Qamar, M. A. J., Khemta, M. A. N., & Jamil, H. (2016). How knowledge and           financial self-efficacy moderate the relationship between money attitudes      and personal financial management behavior. European Online Journal of          Natural and Social Sciences, 5(2), 296–308. http://european-science.com/eojnss/article/view/3234
41. Rizkiawati, N., & Asandimitra, A. (2018). The influence of financial information, financial self-efficacy, and emotional intelligence to financial management behavior of female lecturer. Retrieved from https://doi.org/10.18510/hssr.2019.76160
42. Rothwell, D. W., Khan, M. N., & Cherney, K. (2016). Building financial knowledge is not enough: Financial self-efficacy as a mediator in the financial capability of low-income families. Journal of Community Practice, 24(4), 368–388. http://doi:10.1080/10705422.2016. 1233162
43. Rowley, M. E., Lown, J. M., & Piercy, K. W. (2012). Motivating women to adopt    positive financial behaviors. Journal of Financial Counseling and Planning, 23(1), 47–62. Retrieved from https://files.eric.ed.gov/fulltext/EJ979297.pdf
44. Rubin, A., & Babbie, E. R. (2011). Research methods for social work. Belmont, CA: Brooks/Cole Cengage. https://www.scribd.com/document/536332276/Research-Methods-for-Soci            al-Work-by-Allen-Rubin-Earl-R-Babbie-Z-lib-org?utm_medium=cpc&utm_ source=google_pmax&utm_campaign=3Q_Google_Performance-Max_US&utm_term=&utm_device=c
45. Rymer, K. (2017). Assessing self-efficacy to improve impoverished students’ education. http://www.cn.edu/libraries/tiny_mce/tiny_mce/plugins/filemanager/files/Dissertations/Kayla_Rymer_Dissertation.pdf
46. Saini, M., Kumar, A., & Kaur, G. (2020). Research perception, motivation, and       attitude among undergraduate students: A factor analysis approach. Procedia Computer Science, 167, 185–192. http://creativecommons.org/licenses/by-nc-nd/4.0/
47. Samudra, A., & Burghate, M. A. (2013). A Study on investment behaviour of         middle class households in Nagpur. International Journal of Social Sciences and Interdisciplinary Research, 1(5), 43-54. http://indianresearchjournals.com/pdf/IJSSIR/2012/May/7_IJS_MAY2012.pdf
48. Sherraden, M. S. (2013). Building blocks of financial capability. In J. Birkenmaier, M. S. Sherraden, & J. Curley (Eds.), Financial education and capability: Research, education, policy, and practice, 1,  3–43. New York, NY: Oxford University Press.
49. Shetty, A. (2016). Financial planning: The importance of saving and investing.https://www.financialexpress. com/industry/banking-finance/financial-planning-importance-saving-investing/323230/
50. Siemens, D. R., Punnen, S., Wong, J., & Kanji, N. (2016). A survey on the attitudes towards research in medical school. BMC Medical Education, 10(4), 1-12. https://bmcmededuc.biomedcentral.com/articles/10.1186/1472-6920-10-4
51. Sussman, A., & Alter, A. (2013). The exception is the rule: Underestimating and overspending on exceptional expenses. Journal of Consumer Research, 39 (4), 800-14. Retrieved from https://ideas.repec.org/ a/oup/jconrs/doi10.1086-665833.html
52. Tang, S., Huang, S., Zhu, J., Huang, R., Tang, Z., & Hu, J. (2018). Financial self-efficacy and disposition effect in investors: The mediating role of versatile cognitive style. Retrieved from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6331392/
53. Taylor, M., Jenkins, S. & Sacker, A. (2013). Financial capability, income and          psychological wellbeing. Retrieved from https://www.iser.essex.ac.uk/ research/publications/working-papers/iser/2011-18.pdf
54. Taylor, T. Y. (2017). Perceptions of peer group interactions on selfefficacy and      academic identity of African-American students in advanced placement classes. Retrieved from https://ir.library.louisville.edu/cgi/viewcontent.cgi?article=3937&context=etd
55. Tierney, W. G., & Duncheon, J. C. (Eds.). (2015). The problem of college readiness. SUNY Press.
56. Vosloo, W., Fouché, J., & Barnard, J. (2014). The relationship between financial efficacy, satisfaction with remuneration and personal financial well-being. International Business & Economics Research Journal, 13(6), 1455-1470. https://core.ac.uk/ download/pdf/268107925.pdf
57. Wells, M., Maschi, T., & Yoder-Slater, G. (2012). Promising practices in social work research education: Findings, innovations, and live demonstrations.               Paper presented at the Council on Social Work Education Annual Program          Meeting, San Antonio, TX.
58. Yih, J. (20120). The importance of a workplace savings program. https://retirehappy.ca/the-importance-of-a-workplace-savings-program/