Awareness and Competence in Financial Literacy and Planning: The Financial Journey of Working Women

,; Priya, Ms. Kumari; Lal, Dr. Panna; ,

doi:10.35940/ijmh.h1700.10080424

IJMH

2024

DOI: 10.35940/ijmh.h1700.10080424

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Awareness and Competence in Financial Literacy and Planning: The Financial Journey of Working Women

Ms. Kumari Priya,

Dr. Panna Lal

Abstract: The primary measure of development is literacy. It is now an essential component of life on Earth. Financial literacy reduces the possibility of being duped by empowering people to understand the financial world and make wise investment decisions. The goal of this study is to evaluate Patna women's savings habits and their degree of financial knowledge. Data for the study came from primary as well as secondary sources. Women are an essential component of contemporary society. Women make a variety of financial … Show more

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2024

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Cited by 4 publications

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The Effect of Liquidity Management on the Viability of Microfinance Institutions of Ethiopia

Yimer

2024

IJMH

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Purpose: Micro finance institutions have a great contribution to the development of every country’s economy through strengthening society's financial requirements. The institutions need to have adequate liquidity to generate sustainable profit. The main intention of the paper was to investigate liquidity’s impact on Micro finance institutions’ profitability. Research Methodology: Ten years of secondary data were used from 12 Microfinance institutions and fixed effect regression analysis by the use of E-views version 7 software. Return on assets used as the proxy of profitability to evaluate the financial healthiness of MFIs. Results: This study found that the deposit loan ratio has a significant and negative impact on profitability statistically. Whereas, the debt to equity ratio shows a negative signal on Micro finance Institutions (MFIs) profitability but statistically insignificant. The impact regarding size and deposit asset ratios was positive and significant on MFIs’ profitability of Ethiopia. Limitations: Lack of empirical study on the topic was the basic constraint of the study. Contribution: The study concentrated on the financial institutions specifically on microfinance firms. This study helps the institution’s management to give appropriate considerations for each component to preserve an optimal level of liquidity and sustainable profit.

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The Effect of Liquidity Management on the Viability of Microfinance Institutions of Ethiopia

Yimer

2024

IJMH

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The Effect of the Implementation of Cost Leadership and ESG Policies on Financial Distress Risk: An Empirical Study on the Indonesia Stock Exchange

Maulana,

Aji,

Pangestuti

2024

IJMH

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Modern companies face pressure to maintain profitability while meeting sustainability demands. Cost Leadership strategies and Environmental, Social, and Governance (ESG) policies are important steps to reduce the risk of Financial Distress. This study aims to analyze the influence of Cost Leadership strategies and ESG policies on Financial Distress risks in companies listed on the Indonesia Stock Exchange (IDX) for 2019-2022. The research method used is a quantitative approach with multiple linear regression analysis on panel data. The sample consisted of 268 companies selected through purposive sampling techniques based on the completeness of financial statements and ESG implementation. The data comes from published annual financial reports and ESG indicators. The results show that the Cost Leadership strategy has a significant negative effect on the risk of Financial Distress, which means that companies with good cost efficiency have lower financial risks. ESG policies also have varying influences, where environmental and social dimensions play a significant role in reducing financial risks. The study concluded that a combination of cost efficiency strategies and ESG implementation can improve a companys financial stability. The implication of these results is the importance of companies integrating sustainability in their business strategies to reduce the risk of Financial Distress in the midst of fierce business competition.

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Effects of Microfinance Interest Rates on the Performance of Small-Scale Enterprises in Moshi Municipality, Tanzania

Lubinza,

Mayala,

Kileo

2024

IJEF

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Microfinance has emerged as a potent tool to reduce poverty and promote economic empowerment, especially in developing nations, by providing loans with lower interest rates. This study investigated the effects of microfinance interest rates on the performance of Small-Scale Enterprises (SSEs) in Moshi Municipality, Tanzania. The study was grounded by Wicksells Natural Rate of Interest theory, which suggests an equilibrium interest rate balances savings and investment in an economy. A concurrent research design was used under a mixed research approach. The target population was 5,570 SSEs, and a sample size of 190 respondents was obtained using a sample size calculator. Data was collected through structured questionnaires and key informant interviews. The validity of the research instruments was conducted through face and content validity. For reliability, a Cronbachs alpha of 0.83 correlation coefficient was obtained. Descriptive and inferential statistics, including regression analysis and correlation, were used for the data analysis. Quantitative data were analyzed using SPSS, descriptive statistics, and inferential statistics, which included regression and correlation. Meanwhile, qualitative data was analyzed using contextual analysis. Ethical guidelines were adhered to throughout the study, including ensuring privacy, protection from harm, informed consent, and adhering to research guidelines. The study found that high interest rates negatively affected SSEs performance, with a significant effect on the microfinance institutions interest rates on SSEs performance at a p value of less than 0.05. The study concluded that microfinance interest rates affect the performance of SSEs in Moshi Municipality. Furthermore, business owners increased prices and faced obstacles in job creation due to MFI interest rates, which increased costs, reduced profitability, and affected their ability to pay loans. In addition, the loan interest rate was statistically significant to SSE performances. The study recommended that policymakers and microfinance institutions review and potentially reduce interest rates to alleviate the financial burden of SSEs, promote business growth, and enhance profitability. Microfinance institutions should also prioritize transparent communication of interest rates and loan terms while offering flexible loan products

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Awareness and Competence in Financial Literacy and Planning: The Financial Journey of Working Women

Cited by 4 publications

References 5 publications

The Effect of Liquidity Management on the Viability of Microfinance Institutions of Ethiopia

The Effect of Liquidity Management on the Viability of Microfinance Institutions of Ethiopia

The Effect of the Implementation of Cost Leadership and ESG Policies on Financial Distress Risk: An Empirical Study on the Indonesia Stock Exchange

Effects of Microfinance Interest Rates on the Performance of Small-Scale Enterprises in Moshi Municipality, Tanzania

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