The Role of Behavior of Financial, Financial Literature and Financial Information in Increasing Financial Performance: Study of Culinary Business

Abstract

The study aims to determine the financial performance of SMEs in terms of financial behaviour, financial literacy, & financial information on Culinary Business in Surakarta. The respondents involved were 108 Culinary Business owners. The sampling method used probability random sampling by distributing questionnaires through Google Forms. The research instrument was tested for validity and reliability to see the reliability of the research questionnaire. Multiple regression analysis was used in data analysis and testing of research hypotheses. The findings of this study explain that financial literacy and financial information have a significant positive effect on improving the performance of the culinary business, but financial behaviour has no significant effect on improving the financial performance of the culinary sector in Surakarta. This research directly deals with aspects of behaviour, literacy and information reporting in financial performance, which has yet to be widely studied. The implications of this research can be used as a basic policy in developing MSMEs to pay more attention to providing information and literacy to business actors optimally.