The effect of financial literacy on business performance through mediation of financial access and financial risk attitude

Priyantoro, Priyo; Ratnawati, Kusuma; Aisjah, Siti

doi:10.20525/ijrbs.v12i9.3024

Cited by 3 publications

(1 citation statement)

References 39 publications

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“…Out of the total respondents, 8 individuals identified financial literacy as a weakness, while only 2 respondents perceived it as a strength. The findings align with the results of previous studies undertaken by Priyantoro et al (2023) as well as Septiani & Wuryani (2020), which demonstrate a notable and favorable correlation between financial literacy and the operational effectiveness of Micro, Small, and Medium-sized Enterprises (MSMEs). This implies a positive correlation between the level of financial literacy among culinary SME actors in Langsa City and the performance of these SMEs.…”

Section: Financial Literacysupporting

confidence: 89%

Strategy for Improving the Performance of Culinary SME Actors in Langsa City, Indonesia

Fatma,

Iskandarini,

Lubis

2023

IJASSH

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Small and Medium Enterprises (SMEs) are pivotal in propelling the Indonesian economy. The stability and sustainability of economies in different regions have been greatly affected by the worldwide economic issues that have emerged due to the COVID-19 pandemic. One of the identified repercussions can be witnessed in the culinary sector of small and medium-sized enterprises (SMEs) in Langsa City. Thus, this study examines the effect of internal and external factors on the performance of Small and Medium Enterprises (SMEs) operating in the culinary sector within Langsa City. Additionally, this research aims to evaluate and propose strategies for enhancing the performance of SMEs in the culinary industry by employing a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis framework specifically tailored to the context of Langsa City. The present study uses a qualitative research design utilizing a case research approach. Data is gathered by distributing questionnaires, conducting in-depth interviews, and assessing validity through source triangulation. Based on the findings of the study, it was determined that the Internal Factor Analysis Summary (IFAS) and External Factor Analysis Summary (EFAS) about the performance evaluation of Small and Medium Enterprises (SMEs) operating in the culinary sector in Langsa City have not yet reached their maximum potential. This conclusion was drawn through the application of SWOT analysis. This observation may be due to the outcomes of the Cartesian diagram utilized in the SWOT analysis. The chart reveals that quadrant II exhibits the highest cumulative score, suggesting several risks encountered by the business stakeholders. However, the culinary small and medium-sized enterprise (SME) actors have internal strengths. To boost the performance of Small and Medium Enterprises (SMEs) in the culinary sector, it is imperative to employ a Strengths-Threats (S-T) approach that focuses on implementing product diversification techniques.

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Section: Financial Literacysupporting

confidence: 89%

Strategy for Improving the Performance of Culinary SME Actors in Langsa City, Indonesia

Fatma,

Iskandarini,

Lubis

2023

IJASSH

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Unlocking sustainable competitive performance in agro-based small and medium enterprises in South Asian Association for Regional Cooperation countries

Akhtar,

Cui,

Frimpong

et al. 2024

AGR ECON-CZECH

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The influence of financial literacy and the use of financial technology on business performance through financial inclusion

Margijoyo,

Ratnawati,

Aisjah

2024

IJRBS

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That are many factors that can influence country's economic growth. Given its important contribution to Gross Domestic Product (GDP) and job creation, it is necessary to further study what factors can affect the existence and the performance of SMEs. This study aims to analyze the effect of financial literacy and the use of financial technology on the performance of SMEs mediated by financial inclusion. The data was collected using purposive sampling technique by distributing questionnaire. The sample of this study consists of 150 culinary SME actors in Malang City that have used QRIS (Quick Response Code Indonesia Standards) application as one of the payment methods. Collected data was analyzed using PLS software. The results showed that there is a significant influence between financial literacy and the use of financial technology on business performance. Financial inclusion can significantly mediate the effect of financial literacy and the use of financial technology on business performance.

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The effect of financial literacy on business performance through mediation of financial access and financial risk attitude

Cited by 3 publications

References 39 publications

Strategy for Improving the Performance of Culinary SME Actors in Langsa City, Indonesia

Strategy for Improving the Performance of Culinary SME Actors in Langsa City, Indonesia

Unlocking sustainable competitive performance in agro-based small and medium enterprises in South Asian Association for Regional Cooperation countries

The influence of financial literacy and the use of financial technology on business performance through financial inclusion

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