The Impact Of Financial Literacy On The Profitability Of Small Scale Enterprises In Calabar Municipality, Cross River State
ABSTRACT
The focus of
this research is on the impact of financial literacy on the profitability of
some small scale enterprises in Calabar Municipality, Cross River State. An
enquiry into their level of adoption of financial literacy was also studied. A
review of related literatures was carried out to examine the extent of work
done in the field. A carefully structured questionnaire was used to collected
data on the level of adoption of financial literacy and also a financial
literacy test. Stratified random sampling was adopted to divide the small scale
enterprises into ten (10) strata, thereafter random sampling technique was
employed. A sample of one hundred and fifty (150) respondents was used to carry
out the study, which encompasses the different strata. One way analysis of
variance (ANOVA) and Dependent T-test at 5% level of significance was used to
the analysis of the research data. The result shows that the level of adoption
of financial literacy by small scale enterprises in Calabar Municipality is low
and that utilization of accounting records significantly influences their
profitability. Thus, conclusion, recommendations and suggestions for further
studies were proffered.
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NWAIGWE, I (2021). The Impact Of Financial Literacy On The Profitability Of Small Scale Enterprises In Calabar Municipality, Cross River State. Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/the-impact-of-financial-literacy-on-the-profitability-of-small-scale-enterprises-in-calabar-municipality-cross-river-state-7-2
IFUNANYA, NWAIGWE. "The Impact Of Financial Literacy On The Profitability Of Small Scale Enterprises In Calabar Municipality, Cross River State" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 16 Sep. 2021, https://repository.mouau.edu.ng/work/view/the-impact-of-financial-literacy-on-the-profitability-of-small-scale-enterprises-in-calabar-municipality-cross-river-state-7-2. Accessed 25 Nov. 2024.
IFUNANYA, NWAIGWE. "The Impact Of Financial Literacy On The Profitability Of Small Scale Enterprises In Calabar Municipality, Cross River State". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 16 Sep. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-impact-of-financial-literacy-on-the-profitability-of-small-scale-enterprises-in-calabar-municipality-cross-river-state-7-2 >.
IFUNANYA, NWAIGWE. "The Impact Of Financial Literacy On The Profitability Of Small Scale Enterprises In Calabar Municipality, Cross River State" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-impact-of-financial-literacy-on-the-profitability-of-small-scale-enterprises-in-calabar-municipality-cross-river-state-7-2