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Micro Enterprises’ Level of Awareness and Intention to Avail Provisions of BMBE Act of 2002, Magna Carta for MSMEs and Go Negosyo Act

Author

Listed:
  • Figueroa, Derick S.

    (Accountancy Department, College of Business and Accountancy,Tarlac State University)

  • De Guzman, Dana Shane

    (Accountancy Department, College of Business and Accountancy,Tarlac State University)

  • Gonzales, Anlie P.

    (Accountancy Department, College of Business and Accountancy,Tarlac State University)

  • Guerrero, Mharvie Blaise B.

    (Accountancy Department, College of Business and Accountancy,Tarlac State University)

  • Pimentel, Bredgitt Kyle V.

    (Accountancy Department, College of Business and Accountancy,Tarlac State University)

Abstract

Micro enterprises perform a critical role in local communities through providing low-income populations greater prospects for employment and a livelihood, thereby increasing their quality of life. Ninety-nine and fifty-eight hundredths of business enterprises in the Philippines are classified as micro-enterprises based on employment and asset size. The Philippines has recognized the importance of micro-enterprises and has passed laws such as the BMBE Law of 2002, Magna Carta for MSME of 2008, and Go Negosyo Act of 2014 to support the establishment, integration, and sustainability of these businesses. Microenterprises, despite their economic importance, frequently do not know about the laws and regulations that are intended to encourage and promote their expansion.

Suggested Citation

  • Figueroa, Derick S. & De Guzman, Dana Shane & Gonzales, Anlie P. & Guerrero, Mharvie Blaise B. & Pimentel, Bredgitt Kyle V., 2024. "Micro Enterprises’ Level of Awareness and Intention to Avail Provisions of BMBE Act of 2002, Magna Carta for MSMEs and Go Negosyo Act," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(3), pages 865-886, March.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:3:p:865-886
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