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COTABATO FOUNDATION COLLEGE OF SCIENCE AND TECHNOLOGY

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GRADUATE SCHOOL
Critical Article Analysis

DEGREE : Doctor of Education

MAJOR : Educational Management

Title: “Survey and Thought of Financial Management and Education in

High School Students in Nanjing”
Author: Weiyi Su, Mengting DengCreative Education Vol.3 No.2，April 26,
2012
1. Introduction:
In the study titled "Survey and Thought of Financial Management and
Education in High School Students in Nanjing," authored by Weiyi Su and
Mengting Deng and published in Creative Education Vol. 3 No. 2 on April
26, 2012, the authors delve into the critical domain of financial
management education among high school students in Nanjing, China.
With an ever-evolving global economy, it becomes imperative to equip
young individuals with the necessary knowledge and skills to make
informed financial decisions. This research aims to provide insights into
the current state of financial literacy and management among high school
students in Nanjing, offering valuable suggestions and considerations for
enhancing financial education programs within the high school curriculum.
2. Summary:
The research conducted by Weiyi Su and Mengting Deng in "Survey and
Thought of Financial Management and Education in High School Students
in Nanjing" offers a comprehensive analysis of the financial literacy and
education landscape among high school students in Nanjing, China. The
study underscores the growing importance of financial education in the
face of an evolving global economy and its impact on the financial
decision-making abilities of young individuals. Through surveys and
critical analysis, the authors highlight the existing knowledge gaps and
 Republic of the Philippines
COTABATO FOUNDATION COLLEGE OF SCIENCE AND TECHNOLOGY
Barangay Doroluman, Arakan, Cotabato
Contact No. +639685331496
Email Address: admin@cfcst.edu.ph Website: www.cfcst.edu.ph

challenges faced by high school students in Nanjing concerning financial

management. The study not only provides a detailed assessment of the
current state but also proposes thoughtful recommendations and
considerations for improving financial education programs within the high
school curriculum, aiming to empower students with the necessary skills
for making informed financial choices in their future lives.

3. Research Question and Hypotheses:

The research conducted by Weiyi Su and Mengting Deng in their study

"Survey and Thought of Financial Management and Education in High
School Students in Nanjing" centers around a critical research question
and hypotheses. The primary research question that guides their
investigation is to assess the current level of financial literacy among high
school students in Nanjing and identify the key factors that may influence
their financial management abilities. To address this question, the authors
put forward hypotheses related to the effectiveness of existing financial
education programs, the influence of socio-demographic factors, and the
role of parental involvement in shaping students' financial knowledge and
practices. Through a structured survey and data analysis, the study aims
to test these hypotheses and provide valuable insights into the state of
financial education in high schools, thereby contributing to the
development of more effective financial education strategies for young
individuals in Nanjing.
4. Methodology:
In their study, "Survey and Thought of Financial Management and
Education in High School Students in Nanjing," Weiyi Su and Mengting
Deng employ a comprehensive methodology to investigate the financial
management skills and education among high school students. The
researchers collect primary data through a structured survey
 Republic of the Philippines
COTABATO FOUNDATION COLLEGE OF SCIENCE AND TECHNOLOGY
Barangay Doroluman, Arakan, Cotabato
Contact No. +639685331496
Email Address: admin@cfcst.edu.ph Website: www.cfcst.edu.ph

questionnaire administered to a sample of high school students in

Nanjing, China. The survey covers a wide range of topics, including
students' financial knowledge, attitudes, and behaviors, as well as the
influence of demographic factors and parental involvement. The collected
data are then subjected to rigorous statistical analysis, including
regression analysis and descriptive statistics, to test the research
hypotheses and provide a detailed understanding of the current state of
financial education in the high school setting. This methodological
approach allows the authors to draw meaningful insights and
recommendations for improving financial education practices for high
school students in Nanjing.

5. Literature Review:
The literature review in Weiyi Su and Mengting Deng's study, "Survey and
Thought of Financial Management and Education in High School Students
in Nanjing," delves into the critical domain of financial education and its
significance among high school students. It explores the global context of
financial literacy, emphasizing the growing importance of equipping young
individuals with essential financial skills and knowledge in an increasingly
complex economic landscape. The review also highlights previous
research findings that underscore the limited financial literacy among high
school students in China, emphasizing the need for targeted interventions
in this area. Additionally, it discusses the role of parental involvement and
demographic factors in shaping financial attitudes and behaviors among
students. By synthesizing existing research, the authors provide a solid
foundation for their study, setting the stage for a comprehensive
assessment of the state of financial management education among high
school students in Nanjing.
6. Results: The results presented in Weiyi Su and Mengting Deng's
study, "Survey and Thought of Financial Management and Education in
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COTABATO FOUNDATION COLLEGE OF SCIENCE AND TECHNOLOGY
Barangay Doroluman, Arakan, Cotabato
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High School Students in Nanjing," offer significant insights into the

financial education landscape among high school students in Nanjing,
China. The study found that a considerable proportion of students had
limited financial knowledge and exhibited suboptimal financial behaviors,
with many unable to differentiate between essential financial concepts.
The effectiveness of existing financial education programs was also
questioned, as they seemed insufficient in addressing the diverse needs of
students. Furthermore, the study revealed the influence of demographic
factors such as gender, family income, and parental involvement on
students' financial knowledge and behaviors. These findings underscore
the need for more tailored and comprehensive financial education
strategies within the high school curriculum, considering the diverse
backgrounds and needs of students in Nanjing.

7. Discussion and Conclusion:

In the discussion and conclusion of Weiyi Su and Mengting Deng's study,
"Survey and Thought of Financial Management and Education in High
School Students in Nanjing," the authors provide a thoughtful analysis of
their findings and their implications. They emphasize the pressing need
for enhanced financial education in high schools, given the concerning
levels of financial illiteracy and suboptimal financial behaviors among
students. The study underscores the importance of tailoring financial
education programs to address the diverse needs of students, and it
highlights the pivotal role that parental involvement can play in shaping
students' financial knowledge and attitudes. The authors recommend a
comprehensive approach to financial education that combines classroom
instruction with parental guidance and encourages the integration of real-
world financial experiences. By doing so, they aim to empower high
school students in Nanjing to make informed and responsible financial
 Republic of the Philippines
COTABATO FOUNDATION COLLEGE OF SCIENCE AND TECHNOLOGY
Barangay Doroluman, Arakan, Cotabato
Contact No. +639685331496
Email Address: admin@cfcst.edu.ph Website: www.cfcst.edu.ph

decisions, thus better preparing them for the challenges of an increasingly

complex economic environment.
8. Contribution to Educational/Rural Development Financial
Management:
Weiyi Su and Mengting Deng's study, "Survey and Thought of Financial
Management and Education in High School Students in Nanjing," offers a
significant contribution to both educational and rural development by
shedding light on the state of financial education in high schools. It
highlights the critical need to bridge the existing gap in financial literacy
and management skills among high school students, which is essential for
their personal financial well-being and future prospects. By emphasizing
the role of parental involvement and demographic factors in financial
education, the study also underscores the importance of a collaborative
approach involving schools, families, and the community. The findings
and recommendations put forth in this research have the potential to
inform the development of more effective financial education programs,
not only in urban areas like Nanjing but also in rural regions, where
access to financial education resources may be limited. This contribution
aligns with the broader goals of enhancing financial literacy and
empowering individuals to make sound financial decisions, which, in turn,
can positively impact both educational and rural development initiatives.
9. Strengths:
The strengths of Weiyi Su and Mengting Deng's study, "Survey and
Thought of Financial Management and Education in High School Students
in Nanjing," lie in its comprehensive and methodical approach to
investigating the critical issue of financial education among high school
students. The study rigorously utilizes a structured survey questionnaire
to collect primary data, which allows for a thorough analysis of the
financial knowledge and behaviors of the target population. By testing
hypotheses related to the effectiveness of financial education programs
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COTABATO FOUNDATION COLLEGE OF SCIENCE AND TECHNOLOGY
Barangay Doroluman, Arakan, Cotabato
Contact No. +639685331496
Email Address: admin@cfcst.edu.ph Website: www.cfcst.edu.ph

and the influence of socio-demographic factors, the research provides

valuable insights into the state of financial education. Moreover, the
study's emphasis on the role of parental involvement in shaping students'
financial knowledge and attitudes adds an important dimension to the
research, highlighting the need for a holistic approach to financial
education. The findings and recommendations are based on a robust
data-driven approach, making this research a valuable resource for
educators, policymakers, and stakeholders interested in improving
financial literacy and management among high school students in Nanjing
and potentially beyond.

10. Weaknesses:
While Weiyi Su and Mengting Deng's study, "Survey and Thought of
Financial Management and Education in High School Students in Nanjing,"
offers valuable insights, it does have some weaknesses. One notable
limitation is the potential for sample bias, as the survey data is collected
exclusively from high school students in Nanjing. This may limit the
generalizability of the findings to a broader population. Additionally, the
study primarily relies on self-reported data from students, which could
introduce response and recall bias, as students may overstate or
understate their financial knowledge and behaviors. Moreover, the study
does not extensively explore the content or specific methodologies of the
existing financial education programs within the high schools, which could
have provided a more in-depth understanding of their strengths and
weaknesses. Furthermore, the research does not delve into the long-term
impact of financial education on students' financial behaviors, which is a
critical aspect for assessing the effectiveness of such programs.
Addressing these weaknesses in future research could strengthen the
overall comprehensiveness and applicability of the findings.
 Republic of the Philippines
COTABATO FOUNDATION COLLEGE OF SCIENCE AND TECHNOLOGY
Barangay Doroluman, Arakan, Cotabato
Contact No. +639685331496
Email Address: admin@cfcst.edu.ph Website: www.cfcst.edu.ph

11. Overall Assessment:

The study "Survey and Thought of Financial Management and Education

in High School Students in Nanjing" by Weiyi Su and Mengting Deng,
published in Creative Education, provides a valuable contribution to the
field of financial education research. The authors employ a structured
survey to explore the financial knowledge and behaviors of high school
students in Nanjing, offering significant insights into the current state of
financial literacy and the effectiveness of existing education programs.
The focus on the role of parental involvement and demographic factors
adds depth to the analysis. While the study exhibits a robust methodology
and rigorous data analysis, it has certain limitations, including potential
sample bias and reliance on self-reported data. Nevertheless, the
research serves as a useful reference for educators, policymakers, and
stakeholders interested in enhancing financial education among high
school students. The study's findings and recommendations underscore
the importance of a holistic approach to financial education and have the
potential to inform improvements in curricula and program development,
not only in Nanjing but also in similar contexts.
12. Conclusion:
In conclusion, Weiyi Su and Mengting Deng's study, "Survey and Thought
of Financial Management and Education in High School Students in
Nanjing," underscores the pressing need for enhanced financial education
programs in high schools. The research reveals that many high school
students in Nanjing lack the necessary financial knowledge and skills to
make informed decisions, which can significantly impact their future
financial well-being. The findings highlight the importance of addressing
these knowledge gaps and enhancing the effectiveness of existing
financial education initiatives, emphasizing the role of parental
involvement and considering demographic factors. By doing so, the study
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COTABATO FOUNDATION COLLEGE OF SCIENCE AND TECHNOLOGY
Barangay Doroluman, Arakan, Cotabato
Contact No. +639685331496
Email Address: admin@cfcst.edu.ph Website: www.cfcst.edu.ph

advocates for a more comprehensive and tailored approach to financial

education within the high school curriculum. The recommendations put
forth in this research have the potential to shape the development of
more effective financial education strategies, ultimately equipping young
individuals in Nanjing with the skills and knowledge needed to navigate an
increasingly complex economic landscape.

Submitted By: Johny Rey G. Galope, EdD2

-------------------------------------------------------
Course and Year

Submitted To: Dr. Harris M. Sinolinding

Graduate School Professor
Cotabato Foundation College
of Science and Technology

Date of Submission:_ November 5, 2023