Management Practices of Financial Institutions
Lanimae M. Songcat *
Davao Oriental State University-Cateel Campus (DOrSU-CC), Mahan-Ob, Mainit, Cateel, Davao Oriental, Philippines.
Banielyn A. Cabrera
Davao Oriental State University-Cateel Campus (DOrSU-CC), Mahan-Ob, Mainit, Cateel, Davao Oriental, Philippines.
Krysel Marie S. Cabrera
Davao Oriental State University-Cateel Campus (DOrSU-CC), Mahan-Ob, Mainit, Cateel, Davao Oriental, Philippines.
Victor V. Espirituoso
Davao Oriental State University-Cateel Campus (DOrSU-CC), Mahan-Ob, Mainit, Cateel, Davao Oriental, Philippines.
*Author to whom correspondence should be addressed.
Abstract
This study aimed to assess the management practices of financial institutions in Cateel, Davao Oriental, focusing on the areas of human resources, finance, and marketing. A quantitative descriptive-comparative research design was used, with data gathered through a structured questionnaire administered to 124 respondents from selected financial institutions. The findings revealed that human resource and financial management practices were rated as highly evident, while marketing practices were rated as evident. No statistically significant difference was found when the data were analyzed according to respondents’ age and sex, and no comparison was made for educational attainment due to uniform responses. These results implied that management practices were applied consistently regardless of demographic variables. The study contributed valuable insights to institutional leaders, employees, and policymakers by identifying strengths and improvement areas in local financial institutions. The findings also underscored the importance of inclusivity and innovation in sustaining effective institutional operations.
Keywords: Management practices, financial institutions, human resources, finance, marketing