Download fulltext HTML
Nugraha, J., Suratman, B., Sriwulandari, S., Pahlevi, T., & Gita Miranti, M. (2019). Financial Literacy: An Empirical Study from Small–Medium Enterprises in Sidoarjo, East Java. KnE Social Sciences, 3(11), 1–8. https://doi.org/10.18502/kss.v3i11.3994

https://doi.org/10.18502/kss.v3i11.3994

statistics

  • 3035 Abstract Views
  • 996 PDF Views
  • 0 HTML Views

authors

  • J Nugraha
    No author data available.
  • B Suratman
    No author data available.
  • S Sriwulandari
    No author data available.
  • T Pahlevi
    No author data available.
  • M Gita Miranti
    No author data available.

Published Date

  • Mar 24, 2019

Financial Literacy: An Empirical Study from Small–Medium Enterprises in Sidoarjo, East Java

KnE Social Sciences / International Conference on Economics, Education, Business and Accounting (3rd ICEEBA) / Pages 1–8

Abstract

One of the most important factors for the financial decision-making is financial literacy, which is the main topic of this study. The purpose of this research was to measure financial literacy from Small–Medium Enterprises perspective. In addition, this study was conducted to prove the differences in financial literacy based on demographic factors (gender, ages, SME’s ages). The subjects of this study were Small–Medium Enterprises (SME’s) in Sidoarjo Regency, East Java Indonesia. The financial literacy was measured by basic knowledge of financial literacy, credit management, investment management, and risk management. Independent T-test analysis and analysis of variance (ANOVA) were conducted during the research. It was found that there is no difference among financial literacy on education levels, demographic factors (gender, age, SME’s ages). There is no difference in the level of financial literacy based on educational level. Gender, age of manager, and business ages are not the distinguishing factors in financial literacy. The results stated that the educational level, gender, age of managers and business ages does not affect financial literacy.


 


 


Keywords: demographic factors, financial literacy, small medium enterprises

References
[1] Chen, H. and Volpe, R. P. (1998). An analysis of personal literacy among college students. Financial Services Review, vol. 7, no. 2.


[2] Pedia, O. J. K. Retrieved from: http://www.ojk.go. id/pengelolaan-investasi (accessed on January 29, 2017).


[3] Bank Indonesia. (2012). Results of Micro, Small and Medium Credit Studies for Productive Activities [Hasil Kajian Kredit Mikro, Kecil dan Menengah untuk Kegiatan Produktif]. Jakarta: Bank Indonesia.


[4] Sucuahi, W. T. (2013). Determinants of financial of micro entrepreneurs in Davao City. International Journal of Accounting Research, vol. 1, no. 1.


[5] Taft, M. K., Hosein, Z. Z., and Mehrizi, S.M.T. (2013). The relation between financial literacy, financial wellbeing and financial concerns. International Journal of Business and Management, vol. 8, no. 11.


[6] Cork, P. and Nixson, F. (2000). Finance and small and medium-sized enterprise development (Finance and Development Research Programme Working Paper Series, Paper No 14). IDPM: University of Manchester.