Browsing by Author "Galstian, Naira"
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- Fatores influenciadores do nível de literacia financeira dos gestores das PME: comparação entre Portugal e RússiaPublication . Monte, Ana Paula; Galstian, Naira; Nobre, João Carlos Cunha; Anatolevna, Evseeva OksanaEste trabalho visa analisar os fatores socioecónomicos que influenciam o nível de literacia financeira (NLF) dos gestores e empresários de pequenas e médias empresas. Para tal selecionou-se uma amostra, por conveniência, de empresários e gestores do norte de Portugal e da região de Pskov, do noroeste do distrito federal e da região autónoma de Khanty-Mansi (Rússia). Para determinar o NLF foi aplicado um inquérito por questionário, baseado no Inquérito à literacia financeira dos adultos da OCDE de 2016, aplicado nos meses de março a maio de 2017. Os resultados sugerem que o NFL é relativamente elevado quanto à dimensão da inclusão financeira e gestão das contas bancárias, mas mais baixo quanto à compreensão de conceitos financeiros. Não se verificaram diferenças significativas no NFL geral entre os gestores portugueses e russos. Surpreendentemente não se observaram diferenças significativas entre os níveis formais de educação, o que indicia que a posse de cursos superiores nem sempre garante maior literacia financeira. Não se confirmou a diferença entre géneros, apesar do score médio dos homens ser superior ao das mulheres.
- The impact of the level of financial literacy of managers, particularly the financial manager, in the economic and financial performance of SMEs, a comparison between Portugal and RussiaPublication . Galstian, Naira; Monte, Ana Paula; Anatolevna, Evseeva OksanaThe aim of this study is to explore the relationship between the level of financial literacy of managers and entrepreneurs of small and medium sized enterprises (SMEs) and its economic and financial performance. As specific objectives, it is intended to (i) to determine the financial literacy index among managers and entrepreneurs of SMEs; (ii) to analyse the relationship between companies’ performance and financial literacy level (FLL) of their owners/managers; and (iii) to compare the FLL of Portuguese and Russian SME’s managers and entrepreneurs. This research was conducted in the North of Portugal and some regions in Russian Federation for the period of March to May 2017. Secondary data for this research were gathered from SABI database (for Portuguese sample) and with the help of personal and business contacts of researchers. To achieve these objectives, it was adopted a quantitative design as research methodology. Collection of primary data (assessing the financial literacy level of SMEs’ financial managers/entrepreneurs) was obtained through the use of a structured questionnaire, that is mostly similar to International Survey of Adult Financial Literacy Competencies from OECD in 2016. To measure the financial performance, it was collected secondary data from the financial documents of companies. The results did not support the expectations that there are some influences on Financial Literacy Level (FLL) of respondents from the variables, such as Gender, Age, Company’ size, and Education level. This data' results suggest a moderate negative and statistically significant correlation between companies’ performance (as measured by Return on Equity - ROE) and its owners’ or managers’ global FLL. It also found moderate negative and statistically significant correlation with financial inclusion and management of bank accounts dimension and ROE, as well as with financial understanding dimension. There was not found statistically significant differences between other performance indicators (return on assets and sales profitability) and global FLL. Moreover, there are no statistically difference between the two countries.
- The level of financial literacy of managers and entrepreneurs: a comparison between Portugal and RussiaPublication . Galstian, Naira; Monte, Ana Paula; Evseeva, OksanaThe aim of this study is to compare the level of financial literacy of managers and entrepreneurs of small and medium sized enterprises (SMEs) of Portugal and Russia. As secondary goal is to analyse if socioeconomic factors determine the level of financial literacy among managers/entrepreneurs. This research was conducted in the North of Portugal and some regions in Russian Federation for the period of March to May 2017. Secondary data (namely the contact data) for this research were gathered from SABI database (for Portuguese sample) and with the help of personal and business contacts of researchers (for Russian sample). It was adopted a quantitative design as research methodology. Collection of primary data (assessing the financial literacy level of SMEs’ financial managers/entrepreneurs) was obtained with a structured questionnaire that is mostly based on methodology used on International Survey of Adult Financial Literacy Competencies from OECD in 2016. It was applied to managers/entrepreneurs of the companies selected for the survey. It carried out during March until 26th of May 2017, using three main approaches: by email, by telephone and by personal visits. It was obtained 62 respondents, 33 from Russia and 29 from Portugal. The results suggest entrepreneurs’ Financial Literacy Level (FLL), generally speaking, it is unexpectedly high and there is no significant difference among countries’ variable. The analysis did not confirm any significant differences of FLL’ results between the five age groups in both countries, nor in relation to company’ size. Surprisingly, the analysis did not identify any significant differences between formal education levels, which means the availability of Higher Education degree does not always guarantee the Financial Knowledge. It seems that there is no statistically significant difference of FLL among male and female respondents. Although the average score of men’ responds seems to be higher that of female gender.