Financial Education and its Impact on Decision Making in Business Management

This article discusses the influence of financial education on business decision-making. The lack of financial knowledge can lead to various difficulties, such as excessive debt, poor cost management, and liquidity problems, compromising the sustainability and growth of organizations. Methodologically, the study examined pertinent research on the subject using an exploratory and bibliographic method. According to the findings, people and organisations with higher financial literacy levels perform better, are more resilient to economic shocks, and are better equipped to deal with emergencies. It is concluded, therefore, that promoting financial education is essential for strengthening business sustainability and driving economic growth.

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Publication Details

Journal
Journal of economics, business and commerce.
Published
2025-04-19
DOI
https://doi.org/10.69739/jebc.v2i1.332
Primary Topic
Financial Literacy, Pension, Retirement Analysis
Type
article
Field-Weighted Citation Impact
0.00
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article

Financial Education and its Impact on Decision Making in Business Management

Olívia Salgueiro Dava, Agostinho Macane
Journal of economics, business and commerce.
Financial Literacy, Pension, Retirement Analysis
article

Financial Education and its Impact on Decision Making in Business Management

Olívia Salgueiro Dava, Agostinho Macane
article en

Abstract

This article discusses the influence of financial education on business decision-making. The lack of financial knowledge can lead to various difficulties, such as excessive debt, poor cost management, and liquidity problems, compromising the sustainability and growth of organizations. Methodologically, the study examined pertinent research on the subject using an exploratory and bibliographic method. According to the findings, people and organisations with higher financial literacy levels perform better, are more resilient to economic shocks, and are better equipped to deal with emergencies. It is concluded, therefore, that promoting financial education is essential for strengthening business sustainability and driving economic growth.

Journal of economics, business and commerce.Vol. 2(1)
Catholic University of Mozambique (MZ)
Openalex Percentile: Top 89%
Financial Literacy, Pension, Retirement Analysis
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