Risk management and financial sustainability among owners of business establishments along shoreline in Cagangohan Panabo City

Abstract

This study aimed to determine the relationship between risk management and financial sustainability among business establishments along shoreline in Cagangohan Panabo City. The respondents of this research were 48 business establishments owner. The independent variable is risk management while financial sustainability is identified as the dependent variable. In the independent variable, the indicators are the risk identification, risk evaluation, and risk monitoring. The overall mean of Independent Variable is 4.13 it means that the level of risk management was high. While, the Dependent Variable is 3.94 it means that the level of financial sustainability was high. The researchers used a quantitative, non-experimental correlation design to investigate the significant relationship between risk management and financial sustainability. The statistical methods used in the study were weighted mean and Pearson-r. The computed r-value is 0.706 and is associated with a p-value of 0.000, less than 0.05. It means that the null hypothesis is rejected. Consequently, it is concluded that there is a significant relationship between risk management and financial sustainability among business establishment along shoreline in Cagangohan Panabo City.