The Role of Knowledge Management Capability, Financial Literacy, and Problem-Solving Skills on Organizational Performance for SMEs

Bawono, Indro; Maulina, Erna; Rizal, Muhamad; Purnomo, Margo

doi:10.3389/fpsyg.2022.930742

Cited by 4 publications

(5 citation statements)

References 10 publications

(7 reference statements)

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“…Aziz & Kassim (2020) also highlighted the majority of Malaysians were unaware that other financial goods, such as insurance, were also crucial to cover unforeseen occurrences, and only knew that one's income must always be sufficient to meet bills. In overall, there wasn't much saved.Raising financial literacy is one of the knowledge capacities that needs to be enhanced and is the most crucial factor in enhancing the financial performance of SMEs (Bawono et al, 2022). Low financial literacy among owners of Small and Medium Enterprises (SMEs) in the East Coast of Peninsular Malaysia may start from a limited level of education and economic knowledge (Aziz & Kassim, 2020).…”

Section: Lack Of Financial Literacymentioning

confidence: 99%

Endemic Covid-19: Issues and Challenges of Sustainable Performance for Malaysia SMEs

Sapiai,

Nawi,

Baker

et al. 2024

IJARBSS

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This article examines Malaysian SMEs' sustainable performance concerns and challenges on Peninsular Malaysia's East Coast. This study examines the uncertainty of the pandemic-toendemic transition in the context of COVID-19 variations like Delta and Omicron. SME's sustainable performance and impact on Malaysia's economic growth are analysed. The study found that financial literacy, market obstacles, economic uncertainty, ICT literacy, and social capital inefficiencies affect SMEs' sustainability. Financial literacy is assessed as crucial to SME's investment decisions and risk management. Market challenges and economic uncertainties, compounded by the epidemic, are examined in the East Coast region. Technological literacy and the restricted acceptability of ICT also affect SME's competitiveness, according to the report. The report also discusses how social capital helps SMEs improve industrial relations. Lack of communication and understanding between SMEs' owners and stakeholders may hinder corporate success. The article indicates that SME sustainability variables must be studied in individual sectors and industries. Technological efficiency, market literacy, economic uncertainty, and industrial relations management should be studied to understand SMEs' sustainability. The study seeks to help SMES' owners, business consultants, and policymakers promote sustainable performance and economic growth in Malaysia's changing business climate, particularly on the East Coast.

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Section: Lack Of Financial Literacymentioning

confidence: 99%

Endemic Covid-19: Issues and Challenges of Sustainable Performance for Malaysia SMEs

Sapiai,

Nawi,

Baker

et al. 2024

IJARBSS

View full text Add to dashboard Cite

show abstract

“…According to Bawono et al (2022), Gupta and Gregoriu (2018) include financial management of SMEs, in particular the availability of the necessary amount of capital due to factors such as insufficient collateral, poor creditworthiness, short/no credit history, underdeveloped bank-borrower relationships, high transaction costs, and information asymmetry among the key problem areas they face, which cannot be separated from their sustainable development.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…Compared to Mayr et al (2017) who suggest strategic relocation of the company's operations to be important to overcome economic crisis and to achieve sustainable turnover. Bawono et al (2022) note that SMEs lack the resources and knowledge to use technology to help them increase efficiency in their production processes, conduct further analysis and measure their performance. They operate in socialized and networking environments (Colovic et al, 2019).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

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Effect of CSR Implementation and Crisis Events in Business on the Financial Management of Smes

Dvorský,

Švihlíková,

Kozubíková

et al. 2023

Technological and Economic Development of Economy

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The financial management of a business is an integral part of strategic management. Small and medium-sized enterprises (SMEs) are vulnerable to the presence of crisis events in the business environment. In this context, senior managers and owners need to react promptly to emerging changes in a given business segment. The aim of the article is to quantify the effect of crisis events in business and firm’s CSR implementation in business on the financial performance in the SMEs. The empirical research incorporated 1,090 SMEs in the business environment of four Central European countries. The research hypotheses were evaluated using structural equation modelling. The empirical findings confirmed the positive impact of CSR implementation in the enterprise on its financial management. The research results did not confirm the negative effects of crisis events in business on the financial management. Crisis phenomena have direct effects on the sustainability of the enterprise; the organizational activities of the enterprise; the functioning of the enterprise in the market and the management of the enterprise. The findings are used as a basis for the preparation of strategic projects of national and international policies helping to cope with crisis phenomena in the business environment of the SME segment.

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“…The first three years of MSMEs failed due to several reasons, namely: low sales, low financial literacy, debts not used for business (John, 2022). Management knowledge capacity and financial literacy influence performance (financial and non-financial) which is mediated by creativity and speed in solving the problems being faced (Bawono et al, 2022).…”

Section: The Influence Of Financial Literacy On Msme Performancementioning

confidence: 99%

Financial Literacy and Performance of Micro, Small and Medium Enterprises: A Literature Review

Musthafa,

Handra,

Bachtiar

et al. 2023

MARGINAL

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This research aims to examine various articles regarding the influence of financial literacy on the performance of MSMEs. The literature used in this research comes from indexed journal databases searching for the keywords "financial literacy" and "performance". This research found various factors involved in measuring the influence of financial literacy on MSME performance consists of: dimensions of financial literacy, namely: knowledge, attitudes and behavior; factors that influence financial literacy are age, gender, education, length of work and income; strategies to increase financial literacy through training; MSME performance are: financial and non-financial performance. The impact of financial literacy on MSME performance is influenced by many factors. This research provides input for policy makers to increase the level of financial literacy of MSME business actors so that MSME performance becomes better, competitive and has a competitive advantage.

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The Role of Knowledge Management Capability, Financial Literacy, and Problem-Solving Skills on Organizational Performance for SMEs

Cited by 4 publications

References 10 publications

Endemic Covid-19: Issues and Challenges of Sustainable Performance for Malaysia SMEs

Endemic Covid-19: Issues and Challenges of Sustainable Performance for Malaysia SMEs

Effect of CSR Implementation and Crisis Events in Business on the Financial Management of Smes

Financial Literacy and Performance of Micro, Small and Medium Enterprises: A Literature Review

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