FINANCIAL EDUCATION AND FINANCIAL LITERACY ON MICRO ENTREPRENEUR GROWTH IN INDONESIA
Keywords:
financial education, financial literacy, micro entrepreneurs
Abstract
Micro, Small, and Medium Entreprises (MSMEs) in Indonesia play an important role in Indonesia's economic growth. The contribution of MSMEs to GDP also reaches 60.5%, and to employment is 96.9% of the total national employment absorption. Therefore, special attention to promoting their financial literacy is needed. It is believed that financial knowledge can make the quality of financial business decisions
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Singh, S., Pathak, R. D., Shee, H., Kazmi, A., & Parker, D. (2013). Interplay between entrepreneurial characteristics, organisational structure, corporate culture and SME performance: Empirical results from Fiji Islands. International Journal of Entrepreneurship and Small Business, 18(2), 229–246. https://doi.org/10.1504/IJESB.2013.052076
Wagner, J. F. (2015). An analysis of the effects of financial education on financial An analysis of the effects of financial education on financial literacy and financial behaviors literacy and financial behaviors. https://unomaha.az1.qualtrics.com/jfe/form/
Davis, J. A., Marino, L. D., & Vecchiarini, M. (2013). Exploring the relationship between nursing home financial performance and management entrepreneurial attributes. In Leading in Health Care Organizations: Improving Safety, Satisfaction and Financial Performance (Vol. 14, pp. 147–165). Emerald Group Publishing Limited. https://doi.org/10.1108/S1474-8231(2013)00000140011
Engel, Y., Ramesh, A., & Steiner, N. (2020). Powered by compassion: The effect of loving-kindness meditation on entrepreneurs’ sustainable decision-making. Journal of Business Venturing, 35(6). https://doi.org/10.1016/j.jbusvent.2019.105986
Fox, J., & Bartholomae, S. (1999). Student learning style and educational outcomes: evidence from a family financial management course. Financial Services Review, 8(4), 235–251. https://doi.org/https://doi.org/10.1016/S1057-0810(00)00042-1
Garman, E. T., & Forgue, R. (2014). Personal finance. Cengage Learning. https://books.google.co.id/books?hl=en&lr=&id=dSd0AwAAQBAJ&oi=fnd&pg=PR3&dq=Personal+finance.+Lexington&ots=5hnwzfl7pZ&sig=oyaR3Tj3XaoBWzTc0fADkG6eCAk&redir_esc=y#v=onepage&q=Personal%20finance.%20Lexington&f=false
Grable, J. E., Archuleta, K. L., Ford, M. R., Kruger, M., Gale, J., & Goetz, J. (2020). The moderating effect of generalized anxiety and financial knowledge on financial management behavior. Contemporary Family Therapy, 42(1), 15–24.
Hastings, J., & Mitchell, O. S. (2020). How financial literacy and impatience shape retirement wealth and investment behaviors. Journal of Pension Economics & Finance, 19(1), 1–20. Hastings & Mitchell (2020) emphasized that one of the most important things in financial management
Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013). Financial Literacy, Financial Education, and Economic Outcomes. Annual Review of Economics, 5(1), 347–373. https://doi.org/10.1146/annurev-economics-082312-125807
Hüsser, A. (2015). The role of investors’ objective financial knowledge on the assessment of risk disclosures in mutual fund advertisements. Journal of Financial Services Marketing, 20(1), 5–22. https://doi.org/10.1057/fsm.2015.2
Huston, S. J. (2010). Measuring financial literacy. Journal of Consumer Affairs, 44(2), 296–316.
Ionescu, G. H., Firoiu, D., Pîrvu, R., Enescu, M., Rădoi, M. I., & Cojocaru, T. M. (2020). The potential for innovation and entrepreneurship in EU countries in the context of sustainable development. Sustainability (Switzerland), 12(18), 1–18. https://doi.org/10.3390/su12187250
Isaga, N. (2017). The relationship of personality to cognitive characteristics and SME performance in Tanzania. Journal of Small Business and Enterprise Development.
Kebede, M., & Kuar, J. (2015). Financial Literacy and Management of Personal Finance: A Review of Recent Literatures. In Research Journal of Finance and Accounting www.iiste.org ISSN (Vol. 6, Issue 13). Online. www.iiste.org
Lind, T., Ahmed, A., Skagerlund, K., Strömbäck, C., Västfjäll, D., & Tinghög, G. (2020). Competence, confidence, and gender: The role of objective and subjective financial knowledge in household finance. Journal of Family and Economic Issues, 41(4), 626–638.
Lusardi, A., & Mitchelli, O. S. (2007). Financial Literacy and Retirement Preparedness: Evidence and Implications for Financial Education. Business Economics, 42(1), 35–44. https://doi.org/10.2145/20070104
McCormick, M. H. (2009). The effectiveness of youth financial education: A review of the literature. Journal of Financial Counseling and Planning, 20(1).
Mothibi, G. (2015). The Effects Of Entrepreneurial And Firm Characteristics On Performance Of Small And Medium Enterprises In Pretoria. In International Journal of Economics, Commerce and Management United Kingdom: Vol. III. http://ijecm.co.uk/
Mountain, T. P., Kim, N., Serido, J., & Shim, S. (2021). Does Type of Financial Learning Matter for Young Adults’ Objective Financial Knowledge and Financial Behaviors? A Longitudinal and Mediation Analysis. Journal of Family and Economic Issues, 42(1), 113–132. https://doi.org/10.1007/s10834-020-09689-6
Panos, G. A., & Wilson, J. O. S. (2020). Financial literacy and responsible finance in the FinTech era: capabilities and challenges. In European Journal of Finance (Vol. 26, Issues 4–5, pp. 297–301). Routledge. https://doi.org/10.1080/1351847X.2020.1717569
Plakalović, N. (2015). Financial literacy of SMEs managers. Management, Knowledge and Learning Joint International Conference.
Remund, D. L. (2010). Financial literacy explicated: The case for a clearer definition in an increasingly complex economy. Journal of Consumer Affairs, 44(2), 276–295.
Sari, N. M. W., Suwarsinah, H. K., & Baga, L. M. (2016). Pengaruh Karakteristik Kewirausahaan terhadap Kinerja Usaha Mikro, Kecil dan Menengah(UMKM) Gula Aren di Kabupaten Lombok Barat. Jurnal Penyuluhan, 12(1). https://doi.org/10.25015/penyuluhan.v12i1.11320
Singh, S., Pathak, R. D., Shee, H., Kazmi, A., & Parker, D. (2013). Interplay between entrepreneurial characteristics, organisational structure, corporate culture and SME performance: Empirical results from Fiji Islands. International Journal of Entrepreneurship and Small Business, 18(2), 229–246. https://doi.org/10.1504/IJESB.2013.052076
Wagner, J. F. (2015). An analysis of the effects of financial education on financial An analysis of the effects of financial education on financial literacy and financial behaviors literacy and financial behaviors. https://unomaha.az1.qualtrics.com/jfe/form/
Published
2023-12-12
How to Cite
Roslita, E. (2023). FINANCIAL EDUCATION AND FINANCIAL LITERACY ON MICRO ENTREPRENEUR GROWTH IN INDONESIA. ESENSI: Jurnal Manajemen Bisnis, 26(3), 89 - 94. https://doi.org/10.55886/esensi jmb.v26i3.839
Section
Articles
