Manuscript Title:

MEDIATING INFLUENCE OF FINANCIAL TECHNOLOGY AND ENTREPRENEURIAL COMPETENCIES IN EXTENDED FINANCIAL LITERACY FRAMEWORK: A PLS-SEM EXPLORATION

Author:

MARLON A. MISA, CELBERT M. HIMANG, ALVIC A. ARNADO

DOI Number:

DOI:10.5281/zenodo.10685966

Published : 2024-02-10

About the author(s)

1. MARLON A. MISA - Cebu Technological University, Cebu City, Philippines.
2. CELBERT M. HIMANG - Cebu Technological University, Cebu City, Philippines.
3. ALVIC A. ARNADO - Caraga State University, Butuan City, Philippines.

Full Text : PDF

Abstract

Financial literacy involves a person's capability to handle money, make well-informed choices, and tackle economic difficulties. It is grounded in strategic planning for key financial goals such as retirement and managing debt. Enhanced by financial technology and entrepreneurial competencies, this skill set aims to fortify future prosperity, contributing significantly to overall life satisfaction through improved financial wellbeing. The study's core objective is to examine the Mediating Role of Financial Technology and Entrepreneurial Competencies within the Extended Financial Literacy Model. For this investigation, the research employed Partial Least Square (PLS-SEM) path modeling, offering a comprehensive assessment by simultaneously measuring all paths in the research model. The results underscore a direct correlation between financial literacy, financial technology, entrepreneurial competencies, and financial satisfaction. This implies that individuals possessing a robust understanding of their finances are better positioned to attain fulfillment through the establishment of a sound financial foundation. Furthermore, entrepreneurial competencies directly relate to financial satisfaction, emphasizing that individuals who integrate these competencies with effective financial planning and decision-making experience heightened fulfillment on the financial front. The findings underscore the interconnected nature of financial literacy, technology, entrepreneurship, and satisfaction, shedding light on the nuanced dynamics of these elements in shaping financial well-being.


Keywords

Financial Literacy, Financial Technology, Entrepreneurial Competencies, Financial Satisfaction, Partial Least Square, Structural Equation Model