Business sustainability: Functions of financial behavior, technology, and knowledge

Widagdo, Bambang; Sa’diyah, Chalimatuz

doi:10.21511/ppm.21(1).2023.11

Cited by 8 publications

(5 citation statements)

References 42 publications

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“…Financial literacy and financial behavior are important factors in making investment decisions (Sa'diyah, 2021). It can be interpreted that the indicators of financial literacy and financial behavior variables have a simultaneous influence on investment decisions (Widagdo & Sa'diyah, 2023). Based on the results of the study, if these indicators have increased, then the investment decisions made by students will increase.…”

Section: Resultsmentioning

confidence: 96%

The Effect of Financial Literacy and Financial Behavior on Religiusity Moderated by Investment Decisions

Hakim¹,

Jihadi²,

Warsono³

2023

Jamanika

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This study aims to determine the effect of financial literacy and financial behavior on investment decision variables through religiosity as a moderating variable. The number of samples in this study was 150 respondents with a purposive sampling method. The object of this research is students of three universities in Malang city. The data analysis method used is Moderated Regression Analysis (MRA) with SPSS 26 software. The results of this study indicate that financial literacy has a significant effect on investment decisions, financial behavior has a significant effect on investment decisions, financial literacy and financial behavior simultaneously significantly influence investment decisions. In addition, religiosity strengthens the relationship of financial literacy to investment decisions.

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Section: Resultsmentioning

confidence: 96%

The Effect of Financial Literacy and Financial Behavior on Religiusity Moderated by Investment Decisions

Hakim¹,

Jihadi²,

Warsono³

2023

Jamanika

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“…Adequate financial knowledge will lead to better skills and capabilities related to financial issues. Traditional market SMEs that acquire financial knowledge have more confidence to run their businesses better [7]. Having high financial literacy would help traditional market traders build their relationships with financial institutions.…”

Section: Financial Literacy and Financial Accessibilitymentioning

confidence: 99%

“…One of the most important characteristics that distinguishes successful from failed organizations is their ability to identify and capitalize on technology opportunities [17]. Several studies demonstrate that SMEs capabilities in adopting the new digital technology platform are significantly related to their business performance [7,76]. Huston [77] also found that financial digital adoption platforms are able to cope with the advancement of information technology.…”

Section: Digital Adoption and Smes Performancementioning

confidence: 99%

“…The study of Widagdo and Sa'diyah [7] found that SMEs with outstanding business performances will be able to adapt to the competitive environment and maintain their sustainable performances in the long-run [79,80]. The importance of access to finance for the sustainability of SMEs is widely discussed in the previous literature.…”

Section: Smes Performance and Smes Sustainabilitymentioning

confidence: 99%

“…These data are an important indicator of how SMEs have become a critical engine of the Indonesian economy [4,5] and should receive important attention from various parties, especially the government [6], especially during times of crisis. During the COVID-19 outbreak, SMEs, which are often resilient and capable of surviving difficult situations (such as the 1997-98 monetary crisis), had a major downturn due to restrictions on economic and social activities that impair their business survivability [7]. Moreover, even though it was reported that 84.8% of SMEs have returned to normal operation after passing the COVID-19 pandemic [8], SMEs, as the business entity that suffered the greatest loss from COVID-19, typically lack sufficient resources, particularly financial and managerial resources, and are unprepared for such disruptions that are likely to last longer than expected [5,9].…”

Section: Introductionmentioning

confidence: 99%

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Pursuing Long-Term Business Performance: Investigating the Effects of Financial and Technological Factors on Digital Adoption to Leverage SME Performance and Business Sustainability—Evidence from Indonesian SMEs in the Traditional Market

Kurniasari,

Lestari,

Tannady

2023

Sustainability

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The traditional market holds a pivotal role in Indonesia’s economy because it is the main contributor to national retail grocery transactions. Nevertheless, competition with modern markets and retailers makes their competitiveness lessened. From the financial side, traditional market SMEs are vulnerable to financial risks and still face obstacles in accessing financial resources due to a lack of financial literacy. In addition, the level of digitalization of traditional market SMEs technology is also still low, so digital adoption is still a challenge that must be faced. Therefore, this study was conducted to identify the influence of financial and technological factors on the level of adoption of SME technology in traditional markets and its impact on the performance and sustainability of the SME business. This research will be conducted in a quantitative cross-sectional study of 225 SMEs in the traditional market. The sampling technique that will be used is judgmental sampling. This study’s research data will be analyzed using SEM-PLS. The study result shows that financial literacy positively affects SME financial accessibility and financial risk. The study also confirms that financial accessibility, performance expectancy, effort expectancy, and social influence are variables that significantly affect SMEs digital adoption, while the effect of financial risk on digital adoption is found to be insignificant. The study result also shows that SMEs digital adoption is positively affecting their performance, which eventually affects their business sustainability.

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The influence of selected financial factors on the survival of SMES in V4 countries

Metzker,

Hlawiczka,

Tabaku

et al. 2023

Investment Management and Financial Innovations

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Small and medium-sized enterprises (SMEs) play a crucial role in the global economy. This article examines SMEs’ financial management attitudes in the Visegrad Four countries, aiming to understand how these attitudes impact the firms’ long-term sustainability. The empirical study, conducted in June 2022, involved 1,398 respondents, comprising owners or top managers of SMEs from V4 countries. The research explores various facets of the long-term viability of companies over the next five years. Central to the investigation is understanding how managerial comprehension of critical financial management aspects, the willingness to embrace financial risks, and effective risk management contribute to a company’s enduring success. Additionally, the study assesses how a positive evaluation of a company’s financial performance correlates with its overall longevity in the business landscape.Results indicate that financial management significantly influences SME stability in the medium term. Factors positively affecting SME stability include a proper understanding and management of financial risks, along with a positive assessment of the company’s financial activities. Correlation analysis suggests that the perception of business continuity over a 5-year horizon moderately depends on understanding key financial management aspects, accepting financial risks as part of daily operations, and adeptly managing them. A positive vision of V4 SME management regarding their own future emerged as a crucial factor in the study. In conclusion, the article underscores the importance of effective financial management practices, risk comprehension, and positive self-assessment for SMEs to achieve sustained stability in the dynamic business landscape. AcknowledgmentThis work is supported by Tomas Bata University in Zlin through IGA/FaME/2023/014: CSR as an important factor in obtaining bank loans and external financial sources for SMEs.

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Business sustainability: Functions of financial behavior, technology, and knowledge

Cited by 8 publications

References 42 publications

The Effect of Financial Literacy and Financial Behavior on Religiusity Moderated by Investment Decisions

The Effect of Financial Literacy and Financial Behavior on Religiusity Moderated by Investment Decisions

Pursuing Long-Term Business Performance: Investigating the Effects of Financial and Technological Factors on Digital Adoption to Leverage SME Performance and Business Sustainability—Evidence from Indonesian SMEs in the Traditional Market

The influence of selected financial factors on the survival of SMES in V4 countries

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