International Journal of Research Studies in Management
Divine Word College of San Jose Special Issue
2025 Volume 13 Issue 8
Available Online: 12 December 2025
Author/s:
Robles, Ernesto Jr. M.*
Divine Word College of San Jose, Philippines (ernestorobles12177276@gmail.com)
Echivarre, Jeremy B.
Divine Word College of San Jose, Philippines (Echivarre23@gmail.com)
Galay-Limos, Jenny A.
Divine Word College of San Jose, Philippines (jennygalay05@gmail.com)
Abstract:
The Philippine Stock Exchange (PSE), established in 1927, is the major national financial exchange in the Philippines, providing a convenient market for trading all types of securities. Using a descriptive-correlational design, a validated researcher-made instrument, and 235 students from the Accounting Education Department, this study aimed to determine if the demographic profile in terms of sex, program, year level, and source of cash moderated the relationship between the capacity and willingness to invest in the Philippine stock market. This study reveals that respondents have moderate technical knowledge in accessing investing platforms, different trading patterns, investing without professional guidance, and starting investments in blue-chip companies. Respondents were moderately in agreement that they have enough money to meet the minimum investment requirement, as well as savings and other personal sources of income they can use to start investing. Thus, this study found that the technical knowledge, financial aspect, and risk tolerance of the respondents are still in the range of moderate, given that they are still studying, which results in them being reluctant to start investing, especially since having a basic background about the stock market or average learning is not enough to engage in the stock market totally. Moreover, there is a significant relationship between students’ capacity and willingness to invest in the PSM. Thus, students have a moderate capacity to invest, while their desire to invest in the PSM is high. Therefore, schools may consider incorporating stock market investing, under the guidance of knowledgeable persons, into students’ output-related tasks.
Keywords: accounting students, financial literacy, risk tolerance, stock market, Philippine stock exchange
DOI: https://doi.org/10.5861/ijrsm.2025.25527
Cite this article:
Robles, E. J. M., Echivarre, J. B., & Galay-Limos, J. A. (2025). The moderating effect of demographic profile on students’ capacity and willingness to invest in the Philippine Stock Market. International Journal of Research Studies in Management, 13(8), 143-153. https://doi.org/10.5861/ijrsm.2025.25527
* Corresponding Author