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| A Study of Financial Behavior and Factors Affecting the Investment Decision Among Business Students in Mabalacat City College
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Jerome M. Tanglao, Nhesly Ann M. Reyes, Jadean G. Aguilar, Jamelle-Jane T. Aguilar, Jershey Marie G. Perez, Ricardo S. Jimenez, DBA
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Abstract:
This study examined financial behavior and factors affecting investment decisions among Business Students in Mabalacat City College to identify respondents' financial behavior and establish connections between financial behavior and investment choices. Using quantitative methods, researchers utilized survey questionnaires to collect numerical data and employed descriptive-correlational research to assess the relationship objectively. To ensure a representative sample, proportional stratified random sampling was utilized, allowing for an equal chance of selection across population strata. A sample size of 217 IBCE students was determined using Raosoft, considering population size and margin of error. Survey responses were evaluated using a 4-point Likert scale, with weighted mean used to interpret ratings. Statistical tests including the Kruskal-Wallis test and Spearman Rank Correlation Coefficient were utilized to assess correlations among variables and identify significant differences among groups. The study investigated into respondents' socio-demographic characteristics, revealing preferences in course majors, college years, monthly allowances, and family incomes. While financial knowledge and positive saving attitudes were prominent, understanding of investment risks and fraud was lacking. Financial attitudes were more affected by course profiles than knowledge. Differences in financial behavior correlated with college year levels but not monthly allowances or family incomes. Financial knowledge positively related to investment factors, while financial attitude significantly impacts investment decisions.
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