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Financial Risk and Management Reviews

March 2019, Volume 5, 1, pp 40-54

Correlation between Financial Difficulties and Financing Strategies among Market Stallholders in Batangas City

Amor A. Ilagan

Amor A. Ilagan 1

  1. Department: College of Accountancy, Business, Economics and International Hospitality Management Batangas State University, Main Campus I Batangas City, Philippines. 1

on Google Scholar
on PubMed

Pages: 40-54

DOI: 10.18488/journal.89.2019.51.40.54

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Article History:

Received: 15 January, 2019
Revised: 28 February, 2019
Accepted: 09 April, 2019
Published: 01 July, 2019


The aim of this study was to determine the correlation between financial difficulties and financing strategies among market stallholders in Batangas City. Specifically, the study sought to determine the profile of the respondents in terms of age, sex, civil status, highest educational attainment, market section, number of years in operation, average monthly business income and stall location. The researcher also assessed the financial difficulties experienced by market stallholders and the extent of utilization of financing strategies in terms of internal financing and debt financing. Moreover, the researcher also determined the correlation between financial difficulties and financing strategies, the significant difference on the financial difficulties experienced by market stallholders and extent of utilization of financing strategies of the respondents when grouped according to profile variables. The findings of the study revealed that there is a correlation between financial difficulties and internal financing and another correlation between financial difficulties and debt financing utilized by market stallholders. An extension activity was proposed as an output of this study so that market stallholders would understand the different financing strategies banks and other microfinancing institutions are offering.
Contribution/ Originality
This study contributes to the existing literature on the financial difficulties of market stallholders. The study uses a new estimation methodology as a survey questionnaire in determining the correlation between financial difficulties and financing strategies. This study is one of the very few studies about financing strategies utilized by market stallholders.


Debt financing, Financial difficulties, Financing strategies, Internal financing, Market stallholders, Pecking order theory.




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This study received no specific financial support.

Competing Interests:

The author declares that there are no conflicts of interests regarding the publication of this paper.


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