Financial Literacy and the Success of Small Businesses: An Observation from a Small Business Development Center

Dahmen, Pearl; Rodríguez, Eileen

doi:10.5038/1936-4660.7.1.3

Cited by 107 publications

(106 citation statements)

References 14 publications

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“…Further, these business owners were also very unlikely to review their monthly financial statements at all or to understand the concepts of key business ratios that give insight into an enterprise's performance. 3 These findings point to the importance of financial management skills for entrepreneurs, which is an area that libraries can work with expert partners to address.…”

Section: Financial Literacy and Entrepreneurshipmentioning

confidence: 99%

Partners in financial literacy: Outreach to student entrepreneurs

Mross

Reiter

2019

C&RL News

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In 2018, small businesses employed 58.9 million Americans, totaling 47.5% of the U.S. private workforce. Libraries often play a central role in helping people make their entrepreneurial dreams a reality by providing resources to support the research that goes into developing, running, and expanding small businesses. Public libraries are traditional resource centers for small business, but universities and academic libraries are increasingly supporting student entrepreneurs through both curricular and extracurricular programming to help them develop new startups and small businesses. Though libraries are instrumental in providing access to business development information, they may miss a key service area for successful entrepreneurship—financial literacy programming.

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Section: Financial Literacy and Entrepreneurshipmentioning

confidence: 99%

Partners in financial literacy: Outreach to student entrepreneurs

Mross

Reiter

2019

C&RL News

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“…Penilaian seberapa besar pemahaman dan pengetahuan literasi keuangan seorang pengusaha dapat dilihat dari beberapa indikator. Dahmen and Rodríguez (2014) menilai tingkat literasi keuangan pengusaha UKM dengan menanggapi 4 item pernyataan berikut: (i) kami menyiapkan laporan keuangan perusahaan bulanan (laporan laba rugi dan neraca); (ii) kami meninjau laporan keuangan bulanan; (iii) kami melakukan analisis keuangan pada laporan keuangan bulanan; dan (iv) kami memiliki pemahaman tentang rasio laba kotor perusahaan dan kontribusinya terhadap laba keseluruhan. Setiap pernyataan dijawab dengan skala likert 7 poin dengan pilihan antara sangat setuju dan sangat tidak setuju.…”

Section: A Literasi Keuanganunclassified

“…Kebutuhan literasi keuangan untuk pemilik bisnis atau entrepreneur telah menjadi isu yang menarik di negara maju dan berkembang karena adanya perubahan dalam lanskap keuangan (Hilgert & Hogarth, 2003). Beberapa studi menunjukkan bahwa literasi keuangan dapat meningkatkan kesuksesan bisnis dan keberlanjutan usaha karena fleksibilitas pengusaha yang dapat mengakses keuangan dengan mudah (Adomako & Dans, 2014;Aribawa, 2016;Dahmen & Rodríguez, 2014). Dengan demikian pemahaman dan kecakapan literasi keuangan menjadi sangat penting bagi entrepreneur UKM dalam membangun kesuksesan bisnisnya.…”

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Utomo¹,

Kaujan²

2019

jmi

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This study aims to examine empirically the effect of financial literacy on business performance. All variables in this study are latent variables that are measured using several indicators. Primary data is derived from the questionnaires. The sample of this study is the SMEs in Tarakan. This study employs the statistical analysis as an analysis tool. The results of the study show that financial literacy variables determine the performance of SMEs. The theoretical implications of this study support the Resource-Based View theory which explains that the ability to obtain a sustainable competitive advantage is a determining factor for performance. The practical implications of this study suggest that entrepreneurs must be able to understand and improve financial literacy skills to achieve a good business performance.

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“…Financial literacy is one of the principles that reflects conducive conditions which encourage access to financial institutions or financial inclusion (G20, 2012). Financial literacy will also affect the performance of small businesses (Dahmen & Rodríguez, 2014).…”

Section: Small and Medium Enterprises (Smes)mentioning

confidence: 99%

Disclosure of Corporate Social Responsibility (Csr) and Its Effect to the Financial Performance of Sharia Banks in Indonesia

Zulvia¹

2018

Preprint

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This study aims to determine the effect of CSR disclosure information in the annual report of Sharia banks in Indonesia totheir financial performance as measured by profitability ratios. This research function as an input for the company in thelong term, that CSR is not as a burden for the company, and through CSR, the financial the performance of the companydescribed through profitability ratios has, in fact, increased. The analysis method used is structural equation modeling withWapPLS ver.4.0 program. The results showed that CSR disclosure had a positive and significant effect on the financialperformance of Sharia bank in Indonesia with p-value 0.03 <0.05. Bank Muamalat and BNI Syariah are banks that have thehighest average in CSR disclosure of companies. Furthermore, the dimensions often disclosed in corporate CSR of Shariabanks in Indonesia are energy, environmental, and product dimensions

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Financial Literacy and the Success of Small Businesses: An Observation from a Small Business Development Center

Cited by 107 publications

References 14 publications

Partners in financial literacy: Outreach to student entrepreneurs

Partners in financial literacy: Outreach to student entrepreneurs

Untitled

Disclosure of Corporate Social Responsibility (Csr) and Its Effect to the Financial Performance of Sharia Banks in Indonesia

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