Influence of Financial Literacy, Managerial Experience on Financial Management Performance of Smes in Surabaya

Heryanto, Olivia Aurelia; Leng, Pwee

doi:10.9744/ijfis.2.2.83-91

Cited by 3 publications

(5 citation statements)

References 12 publications

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“…This will trigger reduced bankruptcy in business actors who utilize and increase financial literacy in their businesses. The findings of this study provide support research done by (Dahrani et al, 2020;Heryanto & Leng, 2022;Prasetyo et al, 2023); they explained how financial management in each of the MSMEs they examined was impacted by financial literacy in their research.…”

Section: Discussionsupporting

confidence: 77%

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The Triple Pillar Of MSMEs Development: Financial Literacy, Inclusion, And Financial Management

Herdiyanti,

Yuniarti,

Apriyanto

2024

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This research aims to present empirical data demonstrating how financial management mediates the relationship between financial inclusion and financial literacy on the MSMEs' development. This particular type of research takes the form of explanatory research with the population of MSME actors in the environment-based tourism village of Sanankerto, Malang Regency. The study sample amounted to 125 taken through the purposive sampling method. Primary data from questionnaire findings given to respondents directly make up the utilized data. Data analysis in the form of PLS-SEM results indicates that financial management is positively impacted by financial literacy and financial inclusion and that these factors positively impact the MSMEs' development. It was also shown that financial management can mediate between financial inclusion and financial literacy in the MSME's development.

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Section: Discussionsupporting

confidence: 77%

“…(Susan, 2020) states that financial literacy includes understanding financial knowledge related to managing financial resources. It was mentioned by (Dahrani et al, 2020Heryanto & Leng, 2022and Prasetyo et al, 2023 that financial literacy affects financial management.…”

Section: Theoretical Reviewmentioning

confidence: 99%

The Triple Pillar Of MSMEs Development: Financial Literacy, Inclusion, And Financial Management

Herdiyanti,

Yuniarti,

Apriyanto

2024

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“…The digital supply chain allows companies to control the amount of inventory. Financial performance in organizations is determined economically by measuring profitability, return on investment, sales, growth, and others (Chang et al, 2016;Heryanto & Leng, 2022). The company can maintain a system regulating the overall operational system, increasing financial performance.…”

Section: Financial Performancementioning

confidence: 99%

The effect of key user capability on supply chain digital and flexibility in improving financial performance

Basana¹,

Ubud²,

Malelak³

et al. 2023

10.5267/j.uscm

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Organizational competitiveness is enhanced by implementing supply chain integration. Organizations, through information technology, can integrate internal and external cross-functional. The team assigned to run the integration system in its function is designated as the key user who can implement and maintain an ongoing basis. Key user capabilities are needed to maintain a digital supply chain in information technology systems to integrate internally and externally. Data analysis using Partial least squares (PLS) on 89 hotel organizations with a one-star category or more shows that key user capability significantly affects internal cross-functional integration (β = 0.728) and external cross-functional integration (β = 0.127). Key user capability has an impact on supply chain flexibility (β = 0.370) while internal cross-functional integration influences increasing supply chain flexibility (β = 0.373) and financial performance (β = 0.421). External cross-functional integration increases supply chain flexibility (β = 0.316) and financial performance (β = 0.441). Lastly, supply chain flexibility impacts increasing financial flexibility (β = 0.192). The research contributes enrichment to the theory of digital supply chain and practical contribution to enlighten top management in information technology investment.

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“…Making a profit from the company's operational activities is crucial to ensuring its long-term survival. The ability of the business to compete in the market demonstrates the company's success (Heryanto & Leng, 2022). Every business hopes to make the most money.…”

Section: Literature Review Profitabilitymentioning

confidence: 99%

“…Because production per capita is equal to total output (GDP) divided by total population, economic growth is correlated with output per capita, necessitating attention to two factors: total output (GDP) and population. According to the long-term aspect, the improvement in output per capita must be noticeable over a considerable amount of time (Heryanto & Leng, 2022). The primary requirement or requirement for the continuation of economic development (Nusaputra & Basana, 2021) and welfare enhancement is high and sustainable economic growth.…”

Section: Economic Growthmentioning

confidence: 99%

An Assessment of Factors Affecting the Profitability of Firms in Case of Chiro Town Traders

Malela¹,

Abdula²

2022

IJFIS

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Trade is recognized as an important vehicle of economic growth, employment creation, income generation, and poverty reduction. As a result, trade occupies a prominent position in the development agenda of Ethiopia. The main objective of this study is to assess factors affecting firms of profitability in the case of Chiro town traders. From a total population, 93 sample respondents were identified using a simple random sampling technique. The findings from the study conducted revealed that most trader's businesses lack finance. Credit constraints operate in a variety of ways in Chiro town where undeveloped capital forces the trader to rely on self-financing or borrowing from friends or relatives. Lack of access to long-term credit forces traders in the town to rely on high-cost, short-term finance. Poor housing poses a major challenge to the business growth of traders in Chiro town. By encouraging the development of the construction sector oriented towards low-income groups, the government would address the housing problems affecting the business growth of traders. Finally, based on findings the researcher recommends Trader’s support program should have to be based on the identified critical factors. Major problems like lack of education, lack of working capital, and others that traders in the town face need to be addressed by prioritizing them following their severity as well as the availability of resources to run the operation. The loan repayment period for most traders was 1-2 years. The government should therefore establish friendly small loaning systems which would include low-interest rates to ensure continuity of these trader businesses.

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Influence of Financial Literacy, Managerial Experience on Financial Management Performance of Smes in Surabaya

Cited by 3 publications

References 12 publications

The Triple Pillar Of MSMEs Development: Financial Literacy, Inclusion, And Financial Management

The Triple Pillar Of MSMEs Development: Financial Literacy, Inclusion, And Financial Management

The effect of key user capability on supply chain digital and flexibility in improving financial performance

An Assessment of Factors Affecting the Profitability of Firms in Case of Chiro Town Traders

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