Pub Date : 2021-10-01DOI: 10.14807/ijmp.v12i7.1438
R. Sanjeev, N. Natrajan
Education plays a pivotal role in acquiring knowledge and developing skills. The knowledge acquired and skills developed helps in building better careers. This also supports our personal life by making us better informed about social, cultural and political contexts. With the popularity and ubiquitous nature of the internet, online education has become the preferred way of teaching- learning process. Technological advancements have made this possible. Learning management systems have been used for a long time, it provides better organization of content and smooth evaluations. The MOOC has taken this online pattern to a next level of quality education. However, this approach of blended learning involves less interaction as it mainly depends on asynchronous mode of learning. The use of social media tools supports in overcoming this problem and provides a platform to build highly interactive student centric online courses. Using such disruptive technology in education has been termed as Education 4.0. The level of learner engagement with the content and the tutor enhances through the use of social media learning tools. This creates a need to understand the various aspects of social media based education. The current study is an attempt to understand the trends in online education and tries to identify the factors related to usage of social media in education. further, based on factors related to social media usage, the study also identifies the themes.
{"title":"A systematic review on education 4.0 using social media platform","authors":"R. Sanjeev, N. Natrajan","doi":"10.14807/ijmp.v12i7.1438","DOIUrl":"https://doi.org/10.14807/ijmp.v12i7.1438","url":null,"abstract":"Education plays a pivotal role in acquiring knowledge and developing skills. The knowledge acquired and skills developed helps in building better careers. This also supports our personal life by making us better informed about social, cultural and political contexts. With the popularity and ubiquitous nature of the internet, online education has become the preferred way of teaching- learning process. Technological advancements have made this possible. Learning management systems have been used for a long time, it provides better organization of content and smooth evaluations. The MOOC has taken this online pattern to a next level of quality education. However, this approach of blended learning involves less interaction as it mainly depends on asynchronous mode of learning. The use of social media tools supports in overcoming this problem and provides a platform to build highly interactive student centric online courses. Using such disruptive technology in education has been termed as Education 4.0. The level of learner engagement with the content and the tutor enhances through the use of social media learning tools. This creates a need to understand the various aspects of social media based education. The current study is an attempt to understand the trends in online education and tries to identify the factors related to usage of social media in education. further, based on factors related to social media usage, the study also identifies the themes.","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42747559","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-01DOI: 10.14807/ijmp.v12i7.1441
K. B. Kahla, Hanen Khanchel
This paper proposes a conceptual framework to shed light on cultural issues in health crisis between Tunisian Small and medium-sized enterprises (SMEs) and their French partners. The Critical Success Factors (CSF) of a formalized management of cultural misfit can be considerable for researchers and practitioners: the steps of turning the page of the paradigm of cultural distance and address cultural difference from the point of view of mutual enrichment are worthy of interest. Indeed, the multivariate analysis proposes to go beyond this cultural paradigm to approach the cross-cultural management. Its goal is to formulate paths for reflection and research that will enrich the understanding of the difficulties encountered during the COVID-19 period in the dynamics of bringing together two entities from different national cultures. In order to achieve this objective, the correlational research design by Fey and Denison (2003) was adopted in this survey, using revised measurement scales from this work. This is because correlational research is concerned with studying a problem in order to analyse the relationship between cultural variables. The active consideration of cultural characteristics has a double advantage: it helps to alleviate tensions related to cultural challenges and capitalize on the CSF derived from the diversity of approaches. It proceeds from a detailed study of the cultural characteristics of the two partners, which will serve as a basis for a possible rapprochement in the future.
{"title":"Partnership success factors: overcoming cultural misfit between tunisian SMEs and their french partners","authors":"K. B. Kahla, Hanen Khanchel","doi":"10.14807/ijmp.v12i7.1441","DOIUrl":"https://doi.org/10.14807/ijmp.v12i7.1441","url":null,"abstract":"This paper proposes a conceptual framework to shed light on cultural issues in health crisis between Tunisian Small and medium-sized enterprises (SMEs) and their French partners. The Critical Success Factors (CSF) of a formalized management of cultural misfit can be considerable for researchers and practitioners: the steps of turning the page of the paradigm of cultural distance and address cultural difference from the point of view of mutual enrichment are worthy of interest. Indeed, the multivariate analysis proposes to go beyond this cultural paradigm to approach the cross-cultural management. Its goal is to formulate paths for reflection and research that will enrich the understanding of the difficulties encountered during the COVID-19 period in the dynamics of bringing together two entities from different national cultures. In order to achieve this objective, the correlational research design by Fey and Denison (2003) was adopted in this survey, using revised measurement scales from this work. This is because correlational research is concerned with studying a problem in order to analyse the relationship between cultural variables. The active consideration of cultural characteristics has a double advantage: it helps to alleviate tensions related to cultural challenges and capitalize on the CSF derived from the diversity of approaches. It proceeds from a detailed study of the cultural characteristics of the two partners, which will serve as a basis for a possible rapprochement in the future.","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45893726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-01DOI: 10.14807/ijmp.v12i7.1394
M. Simanjuntak, Riesti Yuja Tesiana
Health services are one of the most necessary services of the community, and these fields need to be addressed to provide the best health services for the community. This research aimed to analyze the influence of social, demographic, and economic characteristics toward empowered consumers on health services. This research used a cross-sectional design through a survey of 100 people and direct interviews. The data were analyzed using descriptive and inferential analysis. The result showed that 46-67 years old male respondents, who were highly educated (>12 years), and have a job with >360 815 IDR incomes per month were the most empowered group of respondents than others. Regression analyses revealed that a high length of education and high income would increase the value of the consumers’ empowerment index.
{"title":"Understanding the consumer empowerment in health service","authors":"M. Simanjuntak, Riesti Yuja Tesiana","doi":"10.14807/ijmp.v12i7.1394","DOIUrl":"https://doi.org/10.14807/ijmp.v12i7.1394","url":null,"abstract":"Health services are one of the most necessary services of the community, and these fields need to be addressed to provide the best health services for the community. This research aimed to analyze the influence of social, demographic, and economic characteristics toward empowered consumers on health services. This research used a cross-sectional design through a survey of 100 people and direct interviews. The data were analyzed using descriptive and inferential analysis. The result showed that 46-67 years old male respondents, who were highly educated (>12 years), and have a job with >360 815 IDR incomes per month were the most empowered group of respondents than others. Regression analyses revealed that a high length of education and high income would increase the value of the consumers’ empowerment index.","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47805735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-01DOI: 10.14807/ijmp.v12i7.1447
S. Faisal, A. Khan
This research examined the effect of the cost of produced goods on pricing strategies in the process of strategic decision. Also examined in this research is the extended effect of pricing strategies on consumers purchase decision making. The research aimed to answer questions on the extent to which cost of produced goods affects pricing strategies of products, how decision makers realize the value-based pricing strategy of corporations and the extent to which pricing policy help consumers to make purchase decisions. This research being historical and descriptive depended basically on secondary sources of information. The research used a historical and descriptive method and depended basically and simply on secondary devices as sources of data. Results from the data acquired reference that customers have an understanding of fair value reflected in prices of the firm's products. The researcher will use both analytical and descriptive methods which appropriate the context of the current research which is generally based on the theoretical underpinnings and fieldwork. The outcomes indicate that the cost of produced products used in organizations provides quality information; there is an effect of this information on the pricing decision-making; there are parts in which pricing strategy much relied on the information provided by the cost systems.
{"title":"The effect on pricing strategies in the process of strategic decision making in view of cost of produced goods","authors":"S. Faisal, A. Khan","doi":"10.14807/ijmp.v12i7.1447","DOIUrl":"https://doi.org/10.14807/ijmp.v12i7.1447","url":null,"abstract":"This research examined the effect of the cost of produced goods on pricing strategies in the process of strategic decision. Also examined in this research is the extended effect of pricing strategies on consumers purchase decision making. The research aimed to answer questions on the extent to which cost of produced goods affects pricing strategies of products, how decision makers realize the value-based pricing strategy of corporations and the extent to which pricing policy help consumers to make purchase decisions. This research being historical and descriptive depended basically on secondary sources of information. The research used a historical and descriptive method and depended basically and simply on secondary devices as sources of data. Results from the data acquired reference that customers have an understanding of fair value reflected in prices of the firm's products. The researcher will use both analytical and descriptive methods which appropriate the context of the current research which is generally based on the theoretical underpinnings and fieldwork. The outcomes indicate that the cost of produced products used in organizations provides quality information; there is an effect of this information on the pricing decision-making; there are parts in which pricing strategy much relied on the information provided by the cost systems.","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47306770","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-01DOI: 10.14807/ijmp.v12i7.1471
Girin Saikia, Amit Choudhury
The phenomena are balking can be said to have been observed when a customer who has arrived into queuing system decides not to join it. Reverse balking is a particular type of balking wherein the probability that a customer will balk goes down as the system size goes up and vice versa. Such behavior can be observed in investment firms (insurance company, Mutual Fund Company, banks etc.). As the number of customers in the firm goes up, it creates trust among potential investors. Fewer customers would like to balk as the number of customers goes up. In this paper, we develop an M/M/1/k queuing system with reverse balking. The steady-state probabilities of the model are obtained and closed forms of expression of a number of performance measures are derived.
{"title":"A single server Markovian queuing system with limited buffer and reverse balking","authors":"Girin Saikia, Amit Choudhury","doi":"10.14807/ijmp.v12i7.1471","DOIUrl":"https://doi.org/10.14807/ijmp.v12i7.1471","url":null,"abstract":"The phenomena are balking can be said to have been observed when a customer who has arrived into queuing system decides not to join it. Reverse balking is a particular type of balking wherein the probability that a customer will balk goes down as the system size goes up and vice versa. Such behavior can be observed in investment firms (insurance company, Mutual Fund Company, banks etc.). As the number of customers in the firm goes up, it creates trust among potential investors. Fewer customers would like to balk as the number of customers goes up. In this paper, we develop an M/M/1/k queuing system with reverse balking. The steady-state probabilities of the model are obtained and closed forms of expression of a number of performance measures are derived.","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45010030","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-01DOI: 10.14807/ijmp.v12i7.1459
J. Castañeda-Ayarza, Davi de Pinho Spilleir, Douglas Silva Guimarães, Dario Rodrigues Da Silva
Discussion between economic growth and development has permeated economic-sociological studies for a long time. It has been used successively to explain the observed phenomena imposed, such as inequality and income concentration, dependence, and even the power of the investment multiplier effect when driven by the State. From socio-economic activity and social inequalities, this paper aims to discuss the connections between Celso Furtado and ECLAC theories, upon the thoughts of Raul Prebisch and Raul Pinto, and the existing reality in Ribeirão Branco, one of the poorest cities in Sao Paulo State in Brazil. Data collection was done through documental research and the application of targeted interviews. The results explain how essential state investments promote social welfare and how periphery-center relations heavily affect municipalities of minor economic relevance.
{"title":"Economic growth or development: the validity of the theories of celso furtado and eclac on the Brazilian reality","authors":"J. Castañeda-Ayarza, Davi de Pinho Spilleir, Douglas Silva Guimarães, Dario Rodrigues Da Silva","doi":"10.14807/ijmp.v12i7.1459","DOIUrl":"https://doi.org/10.14807/ijmp.v12i7.1459","url":null,"abstract":"Discussion between economic growth and development has permeated economic-sociological studies for a long time. It has been used successively to explain the observed phenomena imposed, such as inequality and income concentration, dependence, and even the power of the investment multiplier effect when driven by the State. From socio-economic activity and social inequalities, this paper aims to discuss the connections between Celso Furtado and ECLAC theories, upon the thoughts of Raul Prebisch and Raul Pinto, and the existing reality in Ribeirão Branco, one of the poorest cities in Sao Paulo State in Brazil. Data collection was done through documental research and the application of targeted interviews. The results explain how essential state investments promote social welfare and how periphery-center relations heavily affect municipalities of minor economic relevance.","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43296202","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-01DOI: 10.14807/ijmp.v12i5.1401
Hanen Khanchel, K. B. Kahla
At the beginning of 2020, e-learning was not yet valued in the culture of Tunisian university. However, the COVID-19 Pandemic was the cause of the accelerated deployment of e-learning-related devices. Moreover, it seems that the context of health crisis experienced in the world and particularly in Tunisia represents a factor pushing Tunisian university to reduce, or even eliminate, face-to-face courses for precautionary measures. This is likely to allow students to improve their knowledge, especially for those who require great concentration and time for reflection. The paper shows a very different approach with an analysis of the students’ difficulties by focusing on the mistakes made in solving the problems in the case study. The study makes an original contribution to knowledge. It breaks new intellectual ground. Indeed, flipped learning in particular seems to affect students on a psychological level, making them more engaged, more motivated, and better able to self-regulate. This is the intuition of many flipped learning instructors, but intuition is just a hypothesis. Nevertheless, the results indicate that there is a gap as regards the flipped classroom approach.
{"title":"Assessing the effects of flipped classroom at the Tunisian university","authors":"Hanen Khanchel, K. B. Kahla","doi":"10.14807/ijmp.v12i5.1401","DOIUrl":"https://doi.org/10.14807/ijmp.v12i5.1401","url":null,"abstract":"At the beginning of 2020, e-learning was not yet valued in the culture of Tunisian university. However, the COVID-19 Pandemic was the cause of the accelerated deployment of e-learning-related devices. Moreover, it seems that the context of health crisis experienced in the world and particularly in Tunisia represents a factor pushing Tunisian university to reduce, or even eliminate, face-to-face courses for precautionary measures. This is likely to allow students to improve their knowledge, especially for those who require great concentration and time for reflection. The paper shows a very different approach with an analysis of the students’ difficulties by focusing on the mistakes made in solving the problems in the case study. The study makes an original contribution to knowledge. It breaks new intellectual ground. Indeed, flipped learning in particular seems to affect students on a psychological level, making them more engaged, more motivated, and better able to self-regulate. This is the intuition of many flipped learning instructors, but intuition is just a hypothesis. Nevertheless, the results indicate that there is a gap as regards the flipped classroom approach.","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45865539","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-01DOI: 10.14807/ijmp.v12i5.1413
A. Lahoti, Dhiraj Jain
Person care products (PCP) occupies a major chunk of the market thus making it a largest consumer sector in India. Today due to the media influence, the consumers consider personal care products as a symbol of their life quality and self-image. The objective of this research is to study demographic profile of consumers in the field of personal care products and further segment them on the basis of their buying motive and product preference. A survey of 706 respondents was conducted with structured questionnaire. The questionnaire had demographic questions along with some specific questions to study and segment the consumer group of personal care products. The data was analysed using descriptive statistics and Clustering Analysis using SPSS V20. Clustering Method is used to study group of respondents based on different set of variables. The results of Clustering analysis reveal that marketing mix motives such as product, price, buying convenience, promotional offers and the buying and consumer value motives like quality, brand name, packaging, credibility, natural ingredients and past product experience, plays a vital role while purchasing Personal Care Products.
{"title":"Study of segmentation for the users of personal care products","authors":"A. Lahoti, Dhiraj Jain","doi":"10.14807/ijmp.v12i5.1413","DOIUrl":"https://doi.org/10.14807/ijmp.v12i5.1413","url":null,"abstract":"Person care products (PCP) occupies a major chunk of the market thus making it a largest consumer sector in India. Today due to the media influence, the consumers consider personal care products as a symbol of their life quality and self-image. The objective of this research is to study demographic profile of consumers in the field of personal care products and further segment them on the basis of their buying motive and product preference. A survey of 706 respondents was conducted with structured questionnaire. The questionnaire had demographic questions along with some specific questions to study and segment the consumer group of personal care products. The data was analysed using descriptive statistics and Clustering Analysis using SPSS V20. Clustering Method is used to study group of respondents based on different set of variables. The results of Clustering analysis reveal that marketing mix motives such as product, price, buying convenience, promotional offers and the buying and consumer value motives like quality, brand name, packaging, credibility, natural ingredients and past product experience, plays a vital role while purchasing Personal Care Products.","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42209844","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-01DOI: 10.14807/ijmp.v12i5.1417
Adesoji Anthony Adegboyega, Chidiebere Emmanuel Eze, O. Sofolahan
The construction industry is hazardous and experiences poor health and safety performance records; as a result of the abuse and negligence of health and safety policies. Emphasis is now on health and safety management as health and safety risks are now normalised in the construction industry by the actions of construction SMEs. The study assessed the factors promoting health and safety risks normalisation in the construction industry of Nigeria. The study sampled construction professionals and tradespeople, using a well-structured questionnaire and snowball sampling techniques. With a response rate of 72.61% and a Cronbach's alpha value of 0.916; percentage, frequency, Mann-Whitney U Test and factor analysis were used to analyse the gathered data. It was found that there is a low level of occupational health and safety policies application and performance in the construction industry. The poor health and safety performance is prompted by HS risks normalisation promoted by factors such as misconception of and unwillingness to invest in HS, informal and unstructured HS policies, medical issues and excessive workload, Planning and client unwillingness, management commitment issues, and unorganised HS culture. Also, there was no statistically significant difference in the perceptions of the professionals and the tradespeople regarding 89.29% of the assessed variables. Commitment from the management and leadership of the SMEs and making of health and safety culture an integral part of the functioning of the organisations was thus recommended.
{"title":"Health and safety (hs) risks normalization in the construction industry: the SMEs perspective","authors":"Adesoji Anthony Adegboyega, Chidiebere Emmanuel Eze, O. Sofolahan","doi":"10.14807/ijmp.v12i5.1417","DOIUrl":"https://doi.org/10.14807/ijmp.v12i5.1417","url":null,"abstract":"The construction industry is hazardous and experiences poor health and safety performance records; as a result of the abuse and negligence of health and safety policies. Emphasis is now on health and safety management as health and safety risks are now normalised in the construction industry by the actions of construction SMEs. The study assessed the factors promoting health and safety risks normalisation in the construction industry of Nigeria. The study sampled construction professionals and tradespeople, using a well-structured questionnaire and snowball sampling techniques. With a response rate of 72.61% and a Cronbach's alpha value of 0.916; percentage, frequency, Mann-Whitney U Test and factor analysis were used to analyse the gathered data. It was found that there is a low level of occupational health and safety policies application and performance in the construction industry. The poor health and safety performance is prompted by HS risks normalisation promoted by factors such as misconception of and unwillingness to invest in HS, informal and unstructured HS policies, medical issues and excessive workload, Planning and client unwillingness, management commitment issues, and unorganised HS culture. Also, there was no statistically significant difference in the perceptions of the professionals and the tradespeople regarding 89.29% of the assessed variables. Commitment from the management and leadership of the SMEs and making of health and safety culture an integral part of the functioning of the organisations was thus recommended.","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42652834","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-01DOI: 10.14807/ijmp.v12i5.1402
Yohannes Elifneh
Both developed and developing countries and economies have become increasingly concerned about the level of financial literacy of their citizens. Previous studies indicate that unlike the case in the industrialized world, the issue of financial literacy is a contemporary issue in the developing world, and it is an understudied field in this context. This study was initiated to survey the level of basic financial literacy among high school students in Addis Ababa, Ethiopia’s capital. Such a study corresponds to global initiatives such as by OECD requesting scholars to show case the level of financial literacy among young people in different countries/contexts. The data collection instrument was a standard questionnaire that measures the level of basic financial literacy of high school teenagers in Ethiopia. The questionnaire is based on the instrument originally developed by Lusardi and Mitchell, (2005); and this study uses the slightly updated version used by Van Rooij, Lusardi and Alessie, (2011) that measures basic financial literacy from angles of numeracy, interest compounding, inflation, time value of money, and money illusion. The study concludes that the level of financial literacy is not fairly good among the high school students. The high school students in the capital are not well versed with the basic financial literacy dimensions/measurements, mainly with the assessments of interest compounding, inflation, time value of money, and money illusion. The worst assessment results are a 90.8% failure in the money illusion question, a 70.9% failure in interest compounding assessment question, and a 62.7% failure in the time value of money assessment question. These are followed by a 58.4% failure in the inflation assessment question and a 31.3% failure in the easiest assessment question of numeracy. By and large, these findings testify that the high school students in Addis Ababa have serious deficiency in basic financial literacy. Policy makers and educators may need to seriously pay attention to this shocking deficiency in the level of basic financial literacy among the high school students and take measures to educate the youth this basic life skill at young age while they are still at school.JEL Classification Code: D14
{"title":"Financial literacy among high school teenagers in a developing country context - an empirical study with reference to high school students in Addis Ababa, Ethiopia","authors":"Yohannes Elifneh","doi":"10.14807/ijmp.v12i5.1402","DOIUrl":"https://doi.org/10.14807/ijmp.v12i5.1402","url":null,"abstract":"Both developed and developing countries and economies have become increasingly concerned about the level of financial literacy of their citizens. Previous studies indicate that unlike the case in the industrialized world, the issue of financial literacy is a contemporary issue in the developing world, and it is an understudied field in this context. This study was initiated to survey the level of basic financial literacy among high school students in Addis Ababa, Ethiopia’s capital. Such a study corresponds to global initiatives such as by OECD requesting scholars to show case the level of financial literacy among young people in different countries/contexts. The data collection instrument was a standard questionnaire that measures the level of basic financial literacy of high school teenagers in Ethiopia. The questionnaire is based on the instrument originally developed by Lusardi and Mitchell, (2005); and this study uses the slightly updated version used by Van Rooij, Lusardi and Alessie, (2011) that measures basic financial literacy from angles of numeracy, interest compounding, inflation, time value of money, and money illusion. The study concludes that the level of financial literacy is not fairly good among the high school students. The high school students in the capital are not well versed with the basic financial literacy dimensions/measurements, mainly with the assessments of interest compounding, inflation, time value of money, and money illusion. The worst assessment results are a 90.8% failure in the money illusion question, a 70.9% failure in interest compounding assessment question, and a 62.7% failure in the time value of money assessment question. These are followed by a 58.4% failure in the inflation assessment question and a 31.3% failure in the easiest assessment question of numeracy. By and large, these findings testify that the high school students in Addis Ababa have serious deficiency in basic financial literacy. Policy makers and educators may need to seriously pay attention to this shocking deficiency in the level of basic financial literacy among the high school students and take measures to educate the youth this basic life skill at young age while they are still at school.JEL Classification Code: D14","PeriodicalId":54124,"journal":{"name":"Independent Journal of Management & Production","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41509445","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：