Financial Literacy of Micro, Small, and Medium Enterprises: Empirical Study During the Pandemic Period

Marcellia Susan, Jacinta Winarto and Ika Gunawan

A chapter in Comparative Analysis of Trade and Finance in Emerging Economies, 2023, vol. 31, pp 113-122 from Emerald Group Publishing Limited

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.

Keywords: Financial literacy; loans; budgets; financial technology; pandemic; MSMEs; G53 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:isetez:s1571-038620230000031014

DOI: 10.1108/S1571-038620230000031014

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