Level of Financial Management Among Young Agro-Entrepreneur

Abstract

Entrepreneurs need to have knowledge and skills in financial management. Therefore, this article examines the level of financial management among young agro-entrepreneur. A total of 177 agro-entrepreneur are included in this study. This study uses quantitative approaches and the data collection used purposive sampling techniques. The research instrument is a questionnaire containing five elements of financial management skills, namely knowledge, skills, attitudes, planning and experience. The financial management elements are measured based on 5-Likert scales. Descriptive statistics and correlation are used to explain the results of the study. The results show that the level of skills of young agro-entrepreneur financial management skills is varied. They have high financial knowledge, moderate financial skills, moderate financial attitudes, high financial planning and moderate financial experience. Overall, the agro-entrepreneurs' level of financial management was moderate. The implications of the study suggest that, the elements of knowledge, skills and attitudes need to be taken seriously among young agro-entrepreneurs.

Application of financial management in regional economic development based on VAR modeling

“…He believes that the financial management to master the overall financial operation of the enterprise rules and trends can provide multi-dimensional financial data for the relevant interests of decision makers to make timely and correct decisions. Literature [8] combined with the relevant data of domestic start-up enterprises, constructed the index system of financial level evaluation and used the entropy weight method to determine the weight of each index to evaluate the level of enterprise financial management. Literature [9] based on information asymmetry theory, principalagent theory and risk management theory analyzed the specific implementation cases of enterprise big data in financial management and constructed financial management level measurement indexes, which more scientifically and reasonably reflect the real level of enterprise financial management.…”