The Effect of Financial Literacy and Financial Experience on SME Financial Behavior in Indonesia

Purwidianti, Wida; Tubastuvi, Naelati

doi:10.15294/jdm.v10i1.16937

Cited by 41 publications

(44 citation statements)

References 20 publications

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“…Mereka cenderung memilih pinjaman berbasis aplikasi online atau bahkan rentenir yang dinilai lebih praktis, tanpa memahami konsekuensinya dan menanggung biaya bunga yang sangat tinggi. Kondisi ini tak lepas dari latar belakang pendidikan para tenant dari pendidikan dasar dan menengah sehingga berimbas pada rendahnya literasi keuangan, sebagaimana temuan Purwidianti & Tubastuvi (2019) Lantara & Kartini (2015). Untuk itu, sejalan dengan rekomendasi sejumlah program pengabdian masyarakat dan studi sebelumnya, tim pengabdian kepada masyarakat telah melakukan edukasi literasi keuangan secara intensif agar para tenant semakin memahami produk jasa keuangan dan dapat memilah dengan tepat sumber pembiayaan yang terpercaya dan aman (Sabilla & Wijayangka, 2019;Pramestiningrum & Iramani, 2020;Panggabean et al, 2018).…”

Section: Resultsunclassified

“…Buku kas yang diisi setiap hari akan dapat memonitor margin yang diperoleh setiap hari, selain itu juga otomatis mencatat arus kas usaha yang terpisah dari arus kas rumah tangga. Dengan upaya tersebut diharapkan para tenant dapat mempertahankan kelangsungan usahanya, meneladani sejumlah UMKM yang semakin eksis setelah meningkat literasi keuangannya (Puspitaningtyas, 2017;Paranita et al, 2019;Rahayu & Musdholifah, 2017;Purwidianti & Tubastuvi, 2019;Eniola & Entebang, 2015).…”

Section: Resultsunclassified

“…Selain itu juga diingatkan kembali tentang pentingnya pemisahan pencatatan keuangan operasional usaha dengan keuangan operasional rumah tangganya. Dengan demikian diprediksikan bahwa proses bisnis di Kampung Makan Rafel's akan mampu bertahan, sejalan dengan saran tindak lanjut dalam program inovasi bisnis pujasera di Surabaya (Tedjowidjojo, 2016), upaya pertumbuhan usaha UMKM binaan PPKM di Rancaekek dan Ciluenyi (Sabilla & Wijayangka, 2019), serta dapat meningkatkan perilaku keuangannya sebagaimana UMKM di Purwokerto Selatan (Purwidianti & Tubastuvi, 2019) dan UMKM di Jawa Timur (Pramestiningrum & Iramani, 2020).…”

Section: Resultsunclassified

“…Hal ini menyebabkan tenant mengalami kesulitan operasional karena rendahnya perputaran kas. Permasalahan yang dihadapi tenant Kampung Makan Rafel's terkait perputaran kas dapat mengakibatkan hilangnya kesempatan untuk meningkatkan kuantitas dan kualitas produksinya (Amalia & Rahmawati, 2019;Purwidianti & Tubastuvi, 2019). Desakan kondisi ekonomi menyebabkan beberapa tenant mulai gelisah untuk mencari alternatif pendapatan lain dan mencari pinjaman untuk memenuhi kebutuhannya.…”

Section: Introductionunclassified

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Peningkatan Literasi Keuangan Di Kampung Makan Rafel’s Jakarta Barat

Paranita

2020

IJCSL

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Kampung Makan Rafel's is a food court with the capacity of seven tenants in West Jakarta. The position of Kampung Makan Rafel's is strategic and surrounded by a number of offices and residential areas. The culinary offered is quite diverse, prices are within a reasonable range, but visitors who come are relatively limited. This causes tenants to experience financial distress due to low cash turnover. This phenomenon has triggered the existence of third parties offering lucrative online funding and investment offers. In an effort to overcome these problems, this Community Service program is aimed at increasing understanding of financial literacy for tenants and managers of Kampung Makan Rafel's. The education in the Community Service program has succeeded in increasing the financial literacy of tenants and managers of the Kampung Makan Rafel's. In addition, they are also willing to implement a simple cash flow recording. Thus, it is hoped that their business will survive continuously and grow.

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Section: Resultsunclassified

Section: Introductionunclassified

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Peningkatan Literasi Keuangan Di Kampung Makan Rafel’s Jakarta Barat

Paranita

2020

IJCSL

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“…Financial literacy is needed for individuals in managing finances. Financial literacy can inform decision-making activities about current and future uses in money management (Purwidianti & Tubastuvi, 2019). hat includes the ability to understand financial choices, plan for the future, spend wisely, and manage challenges associated with life events such as losing a job, saving for retirement, or paying for a child's education (Cohen & Nelson, 2011).…”

Section: Financial Literacymentioning

confidence: 99%

Improving Financial Literacy in Facing the Era of Society 5.0

Nurlaili¹,

Faqih

Basri³

et al. 2021

IJIE

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Industrial era 4.0 presents the development of digitalization that continues to grow, such as digitizing payment transactions, namely e-wallet. However, there are shortcomings that can be corrected to face society 5.0 in Indonesia and also the balance between financial literacy and e-wallet users who are growing so that there is no consumptive society and fraud. The purpose of this paper is to provide suggestions or recommendations for the government and stakeholders to carry out policies to increase the level of financial literacy in Indonesia, this research method is library research by collecting related information and data from various valid sources. The results of this paper provide suggestions for the government to actively campaign for financial literacy in various public media, provide a mandatory policy to provide education to financial service providers, and as university academics or educators provide a curriculum on financial literacy. So that when Indonesia enters the era of society 5.0, it is ready in terms of digitizing payment transactions and literacy.

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I can see the opportunity that you cannot! A nexus between individual entrepreneurial orientation, alertness, and access to finance

Bilal

Fatima

Iqbal

et al. 2022

EBR

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Purpose The purpose of this study is to demonstrate how alertness enable small and medium scale enterprise (SME) owners to leverage their individual entrepreneurial orientation (IEO) such as risk-taking, pro-activity, innovation, passion and perseverance in a better way to recognize opportunities for financial resources as compared to their counterparts who are not alert. Moreover, it elaborates on the mediating role of opportunity recognition of financial resources between IEO and SMEs’ access to finance (AF). Design/methodology/approach A three-wave time-lagged survey from a stratified sample of 271 small and medium scale business owners in Pakistan was conducted and the data were analysed using PROCESS models 1 and 4. Findings The findings grounded in the theory of Action Regulation, signify that the IEO of small and medium scale business owners helps them attain financial resources through opportunity recognition capacity which is an action characteristic. Moreover, the IEO of SME owners, coupled with entrepreneurial alertness (EA; a cognitive pre-action state), amplifies their ability to recognize opportunities for financial resource availability. Originality/value This is one of the initial studies to test the IEO scale, including passion and perseverance. Moreover, it has added to the individual-level antecedents of AF in small and medium scale businesses through the role of EA and opportunity recognition.

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The Effect of Financial Literacy and Financial Experience on SME Financial Behavior in Indonesia

Cited by 41 publications

References 20 publications

Peningkatan Literasi Keuangan Di Kampung Makan Rafel’s Jakarta Barat

Peningkatan Literasi Keuangan Di Kampung Makan Rafel’s Jakarta Barat

Improving Financial Literacy in Facing the Era of Society 5.0

I can see the opportunity that you cannot! A nexus between individual entrepreneurial orientation, alertness, and access to finance

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