The accessibility of investment in MSMEs as seen from the influence of financial literacy, income, and financial behavior of MSME business actors in Ponorogo Regency

Adam Nugraha Dyla Putra, Yuli Agustina (), Heri Praktikto and Achmad Murdiono
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Adam Nugraha Dyla Putra: Universitas Negeri Malang
Yuli Agustina: Universitas Negeri Malang
Heri Praktikto: Universitas Negeri Malang
Achmad Murdiono: Universitas Negeri Malang

A chapter in Proceedings of the 4th Business Innovation Sustainability and Technology International Conference (BISTIC 2024), 2024, pp 211-229 from Springer

Abstract: Abstract Saving for the future is the primary goal of investors. This study aims to contribute to the theory and provide additional references for investing in investment. This research examines the influence of financial literacy and income on investment decisions, with financial behavior as an intervening variable. The study population consists of business actors in Ponorogo Regency, with a total of 202 respondents. The analyzed results conclude that the relationship between income and investment decisions, as well as financial behavior and investment decisions, has a significantly positive influence. However, the relationship between financial literacy and investment decisions does not have a significant influence. Meanwhile, financial literacy and income show a significantly positive influence on financial behavior. Additionally, financial behavior has an indirect effect on the relationship between financial literacy and investment decisions, and between income and investment decisions. These findings underscore the importance of investment in enhancing financial well-being.

Keywords: Financial Literacy; Income; Financial Behaviour; Investment Decision (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-576-8_19

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DOI: 10.2991/978-94-6463-576-8_19

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