Financial literacy and work performance of local managers of the Adventist corporate in Cuba
DOI:
https://doi.org/10.37354/reej.2024.2.1.001Keywords:
financial knowledge, financial performance, financial competencies, organizational efficiencyAbstract
The objective of the study was to know if there is a significant evaluation between the financial literacy necessary for daily administrative tasks and the performance levels of administrators within the Adventist corporate network in Cuba. This research was non-experimental, quantitative, transversal and correlational. A stratified sampling was used, incorporating 123 directors of the Adventist corporate network in Cuba, out of a total population of 242. The Cronbach's alpha coefficient was 0.721 for the 15-item financial literacy instrument, and 0.870 for the work performance instrument. of 19 articles, both considered acceptable for this study. Spearman's correlational rank test was applied due to the non-normal distribution of the data. A Spearman estimation coefficient (r) of .311 and a significance level (p) of .001 was found. Given this level of significance (p < .05), the null hypothesis suggesting that there was no relationship between the variables is rejected, supporting the alternative hypothesis of a positive compensation of medium strength. The findings suggest that improving financial literacy necessary for daily tasks correlates with better performance among Adventist corporate managers in Cuba participating in this study.
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