UNIFACTORIAL ANALYSIS OF THE EFFECT OF FINANCIAL LITERACY ON BUSINESS RISK MANAGEMENT CAPACITY

Vizireanu Nicoleta Claudia
Additional contact information
Vizireanu Nicoleta Claudia: OVIDIUS UNIVERSITY CONSTANTA

Annals - Economy Series, 2025, vol. 4, 176-183

Abstract: In the context of an increasingly complex economy, financial literacy has become a source of strategies for entrepreneurs who want to correctly and efficiently manage risks in the businesses they run. The research investigates the one-factor effect of financial literacy on the ability of entrepreneurs to manage risks in an environment of inflation, socio-political instability, rapidly developing digital technologies and a constantly competitive market. Based on a survey of trainee accountants enrolled in the CECCAR 2024-2027 program, the study compares entrepreneurs with high levels of financial literacy with those with little or no financial literacy. The results show a significant correlation between the level of financial literacy and decision-making ability. The findings support the integration of financial education into entrepreneurial development policies and emphasize the need for accessible and practice-oriented financial literacy programs in the Romanian business ecosystem.

Keywords: financial; literacy; in; firm; management (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.utgjiu.ro/revista/ec/pdf/2025-04/19_Vizireanu.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2025:v:4:p:176-183

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).