We only provide here the general research information. For more detailed information contact the Research and Development Directorate of the Mariano Marcos State University.

Research Details

Research Title Financial Management Practices of Tourism Businesses in Ilocos Norte
Researcher(s) Oscar Agpaoa, Divina Cayabyab, Adrian Galapon, Jonathan Rex Quirino, Lorna Olivia Salmasan
Research Category Project
Research Status completed
Duration May 01, 2014 to Dec 31, 2015
Commodity Education
Research Site(s)
Source of Fund(s)
Brief Description
This study is premised on the theory that businesses, large or small, have to manage their financial resources effectively and efficiently to attain the various objectives of liquidity, stability, profitability and growth. It is very important that businesses recognize that their survival and growth are deeply anchored on sound financial practices because practically all decisions they confront carry financial implications.

The research design is a descriptive survey method coupled with document analysis.

Data will be gathered mainly through personal interview with the aid of interview schedules. Observation will also be used to supplement and verify the data gathered in the interview. Unstructured interviews of auditors and personnel involved in the preparation of financial statements shall also be conducted. Likewise personnel who are involved in the implementation of the financial management practices will be interviewed to verify the intensity of applicaiton of these practices.

Structured interviews will be conducted and document analysis will be done to reinforce the results of the interviews.

The purposive sampling shall be used.

Proponents:

  • Divina M. Cayabyab
  • Lorna Olivia F. Salmasan
  • Oscar M. Agpaoa
  • Lorelei A. Corpuz
  • Adrian L. Galapon
  • Jonathan Rex M. Quirino
 
Expected Output
A publishable journal article the form and style of which shall be patterned after a standard provided by the editorial board of the Mariano Marcos State University and other journals.

Information that will be gathered will provide valuable data that may be useful to:

  • The owners of tourism businesses as basis in making decisions for the development of their businesses and in making themselves attractive to tourists and other users of their services.
  • The local chamber of commerce and industry as valuable information in responding to business opportunities in tourism.
  • The local government units as basis in legislating policies in regulating operations of tourism businesses; further, they may find the study important in extending their support to these businesses and to assert their political will to make tourism an important development avenue.
  • To educators and students, the results will serve as additional references.
Abstract Not Available