The Influence of Financial Knowledge, Financial Attitude, Financial Behavior on the Growth of MSMEs with Financial Literacy as a Mediation Variable

Marissa, Sahda and Fitriyah, Fitriyah ORCID: https://orcid.org/0009-0000-9402-9370 (2023) The Influence of Financial Knowledge, Financial Attitude, Financial Behavior on the Growth of MSMEs with Financial Literacy as a Mediation Variable. MEC-J (Management and Economics Journal), 7 (3). pp. 233-244. ISSN E-ISSN: 2598-9537 P-ISSN: 2599-3402

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Abstract

Financial management is one of the determining factors for the success of Micro, Small and Medium Enterprises (MSMEs). For this reason, MSME owners or managers must have good knowledge, attitudes, behavior and financial literacy. The aim of this research is to determine the influence of financial knowledge, attitudes and behavior on the growth of MSMEs with financial literacy as a mediating variable. The sample for this research is MSMEs assisted by the Trenggalek Regency Cooperatives, Trade and Micro Business Service, which has a Business Identification Number (NIB) of 91 MSMEs. The analysis tool used is PLS-SEM with WarpPLS 8.0 software. The research results show that financial knowledge and financial attitudes do not influence the growth of MSMEs, while financial behavior and financial literacy influence the growth of MSMEs. With good financial management skills, MSME owners or managers are able to make appropriate financial decisions and have an impact on the growth of MSMEs. Financial attitudes, financial knowledge, and financial behavior have a significant effect on financial literacy. Financial literacy is not able to mediate financial attitudes towards financial growth, meaning that business actors still have good financial literacy so they cannot make the right financial decisions. Finally, financial literacy is able to mediate the relationship between financial knowledge and financial behavior on the growth of MSMEs. This means that managers have applied financial knowledge in making financial decisions so that increasing financial literacy will have an impact on the growth of MSMEs.

Item Type:	Journal Article
Keywords:	Financial Knowledge, Financial Attitude, Financial Behavior, Financial Literacy, MSMEs Growth
Subjects:	15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150201 Finance
Divisions:	Faculty of Economics > Department of Management
Depositing User:	Fitriyah Fitriyah
Date Deposited:	29 Dec 2023 09:30

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