Financial Literacy of Micro, Small, and Medium Enterprises: Empirical Study During the Pandemic Period
Comparative Analysis of Trade and Finance in Emerging Economies
ISBN: 978-1-80455-759-4, eISBN: 978-1-80455-758-7
Publication date: 10 April 2023
Abstract
This research aims to determine the factors that can affect financial literacy in Micro, Small, and Medium Enterprises (MSMEs), especially regarding loans and budgeting. Data are obtained using a survey of owners or managers of MSMEs, which is then processed using multiple regression. This research contributes toward a deeper understanding of MSMEs’ financial literacy determinants, specifically regarding loans and budgeting, in a pandemic situation that differs from ordinary circumstances and encourages many financial activities to utilize technology. The research results indicate the role of Financial Education, Money Attitude, and Financial Socialization Agents in determining MSMEs’ financial knowledge and skills regarding loans and budgets.
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Acknowledgements
Acknowledgments
Thank you for the research funding support in the form of a research grant from Directorate of Resources, Directorate General of Higher Education, Research and Technology, Ministry of Education, Culture, Research and Technology, Indonesia, and thank you also to LL DIKTI IV for supporting this research.
Citation
Susan, M., Winarto, J. and Gunawan, I. (2023), "Financial Literacy of Micro, Small, and Medium Enterprises: Empirical Study During the Pandemic Period", Barnett, W.A. and Sergi, B.S. (Ed.) Comparative Analysis of Trade and Finance in Emerging Economies (International Symposia in Economic Theory and Econometrics, Vol. 31), Emerald Publishing Limited, Leeds, pp. 113-122. https://doi.org/10.1108/S1571-038620230000031014
Publisher
:Emerald Publishing Limited
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