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Oeconomica Jadertina, Vol. 15 No. 1, 2025.

Izvorni znanstveni članak

https://doi.org/10.15291/oec.4721

Smart money moves: The role of financial literacy & inclusion in boosting SME performance in Indonesia

Muhammad Yusfi Firdaus ; Warmadewa University, Bali, Indonesia
I Made Wianto Putra ; Warmadewa University, Bali, Indonesia
Ni Luh Anik Puspa Ningsih ; Warmadewa University, Bali, Indonesia
Ida Bagus Udayana Putra ; Warmadewa University, Bali, Indonesia
Ida Ayu Surasmi ; Warmadewa University, Bali, Indonesia
Ni Nengah Seri Ekayani ; Warmadewa University, Bali, Indonesia

Puni tekst: engleski pdf 471 Kb

str. 3-21

preuzimanja: 251

citiraj

Sažetak

More than 60% of Indonesia's GDP comes from Micro, Small, and Medium-Sized Enterprises (MSMEs), which also employ a sizable percentage of the labor force across a range of industries. But even with their significant contribution, a lot of MSMEs struggle with access to formal financial services and financial management. The primary barriers to their expansion and sustainability are low financial literacy and restricted financial inclusion. The management and financial performance of MSMEs are hampered by low financial inclusion and financial literacy. Through financial management practices, this study seeks to examine how financial inclusion and financial literacy affect the financial performance of MSMEs in provience West Nusa Tenggara (NTB)in Indonesia. A quantitative approach using the Partial Least Square-Structural Equation Modeling (PLS-SEM) technique is the study methodology employed. A survey of 100 MSMEs in NTB was used to gather data. The findings demonstrated that financial management behavior is positively and significantly impacted by financial inclusion and financial literacy. Financial performance is positively and significantly impacted by financial management practices and financial inclusion. However, financial performance is significantly and negatively impacted by financial literacy. Furthermore, the relationship is mediated by financial management practices.

Ključne riječi

Financial Literacy, Financial Inclusion, Financial Management Behavior, Financial Performance, MSMEs

Hrčak ID:

332517

URI

https://hrcak.srce.hr/332517

Datum izdavanja:

1.6.2025.

Podaci na drugim jezicima: hrvatski

Posjeta: 633 *