Financial Literacy Model at Micro Small Medium Entreprise (MSMEs)

Widiyati, Sri; Wijayanto, Edi; Prihartiningsih, Prihartiningsih

doi:10.29313/mimbar.v34i2.2914

Cited by 10 publications

(8 citation statements)

References 8 publications

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“…In order to have good financial management, MSMEs must learn to properly understand the basic knowledge of finance, and the specific knowledge of banking, investment and insurance. This is strengthened by the study results in 2013 found that the level of financial literacy of MSME was still very low at only 15.68% (Widiyati et al, 2018). Thus, the results of the OJK survey imply that the knowledge of finance of the MSME actors must be improved.…”

Section: Introductionmentioning

confidence: 94%

Financial Management Of Msme In Culinary Industry According To Demographics And Financial Literacy

Rahayu

Rahmawati

2022

JMBE

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The aim of this study is to scrutinize how Micro, small, and medium-sized enterprises (MSME) in the culinary industry manage their finances according to demographics and financial literacy. A number of MSMEs in the culinary field operating in Catur Tunggal Village, Depok District, Sleman Regency, Special Region of Yogyakarta was used as the sample which were selected using non-random sampling. Questionnaire was the instrument to collect data from the respondents and Chi Square analysis was employed as the data analysis technique. This study revealed that age and financial literacy of the MSME actors correlate partially with financial management. However, monthly income and educational level have no correlation with financial management. This results suggest that MSME actors can manage their business finances better if their financial literacy (knowledge) improves. As a result, they can maintain their business and enhance their standard of life.

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Section: Introductionmentioning

confidence: 94%

Financial Management Of Msme In Culinary Industry According To Demographics And Financial Literacy

Rahayu

Rahmawati

2022

JMBE

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“…Individuals who have a financial attitude can be seen from how their personalities carry out good financial management practices for their future. Based on research by Widiyati et al, (2018) shows that good habits in money management lead to better literacy results. When financial attitudes improve, people's financial management becomes correct.…”

Section: Financial Attitude To the Financial Literacymentioning

confidence: 99%

Determinants of SMEs Financial Behavior in Gresik with Financial Literacy as an Intervening Variable

Handayani

Rahawarin

Rudijanto

et al. 2022

IJHESS

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Financial Behavior is the ability of a person who is fundamentally able to manage day-to-day financial funds effectively based on planning, budgeting, auditing, managing, controlling, searching, and storing, and aims related to the responsibility for making financial decisions. The purpose of this research is to find out the direct and indirect effects that can affect financial behavior. This study used 150 MSME respondents in Gresik, who were analyzed using the Structural Equation Model (SEM), with the variables used financial attitude, level of education, financial behavior, and financial literacy as intervening variables. The results showed that the variables of education level and financial attitude had an influence on financial literacy and financial behavior, and the financial literacy variable was able to become an intervening variable to influence the level of education on financial behavior, and financial attitudes to financial behavior. In the research that has been done that financial behavior is a very important thing to have concerning how one's attitude and perspective in financial matters, including SMEs, especially those in Gresik. Besides that, the importance of financial literacy is also very much needed because the more a person has a lot of information about finances, it can also affect one's perspective on how money management should be done to reduce the financial risks that must be faced.

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“…MSME procedures for obtaining bank funding are complicated. The financial literacy level of MSMEs (Micro, Small, and Medium Enterprises) is only 15.68% and a majority of the actors are unbanked (Widiyati et al, 2018) The distribution system is hampered since the COVID 19 pandemics. Decreased Turnover of MSMEs due to covid-a9 is very significant Since its appearance at the end of 2019 (Amri, 2020).…”

Section: The Threats Faced By Msmes In Their Developmentmentioning

confidence: 99%

Development of Micro, Small and Medium Enterprises (MSME) to Strengthen Indonesia’s Economic Post COVID-19

Suwarni¹,

Handayani²

2021

BMS

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This study aims to find the strategy of developing MSMEs based on potential and opportunities in the period of covid-19. The research object is the MSME unit in Bandar Lampung City, especially MSME banana chips. This study used qualitative descriptive analysis with SWOT analysis. Based on the results it is known that the position of MSMEs is in quadrant I. The strategy of developing MSMEs is to increase the potential and take advantage of opportunities. One of the strategies is the utilization of information technology and social media in the development of MSMEs of the region's flagship banana chip products. The results of this research are expected to be useful as consideration for MSMEs to develop their businesses even during the COVID 19 pandemic. Likewise, for the government to actively socialize the use of digital media for MSMEs so that MSME development will increase. The limitation of this research is that it has not quantitatively calculated the role of social media and information technology in MSME development. This could be an opportunity for further research

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Financial Literacy Model at Micro Small Medium Entreprise (MSMEs)

Cited by 10 publications

References 8 publications

Financial Management Of Msme In Culinary Industry According To Demographics And Financial Literacy

Financial Management Of Msme In Culinary Industry According To Demographics And Financial Literacy

Determinants of SMEs Financial Behavior in Gresik with Financial Literacy as an Intervening Variable

Development of Micro, Small and Medium Enterprises (MSME) to Strengthen Indonesia’s Economic Post COVID-19

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