Objective:

This article examined the mediating role of innovativeness between financial literacy and risk-taking tendency and its implications for graduates' preparedness for self-employment.

Methodology:

This research employed a cross-sectional design with 157 students at a Philippine state university.

Key findings:

Filipino students who were surveyed had moderate financial literacy and entrepreneurial characteristics. Financial literacy, risk-taking willingness, and innovativeness also have a significant relationship. In addition, innovativeness mediates financial literacy and risk-taking willingness.

Conclusion:

Financial literacy and innovativeness influence entrepreneurial readiness. Graduates with these characteristics are more likely to be well-equipped to navigate the challenges and seize the opportunities of entrepreneurship. In response, educational institutions create specific interventions and educational programs to help aspiring students become entrepreneurs and self-employed individuals, help them manage and succeed in various aspects of their future entrepreneurial ventures.

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