Effect of Financial Literacy, Financial Reporting, And Risk Management on Financial Performance of Msmes With Innovative Behavior As Mediator
Abstract
The purpose of this study is to determine the influence of financial literacy, financial report preparation ability and risk management on financial performance. Types of quantitative research. The sample method used is nonprobability sampling with the Convenience sampling technique of 280 MSME respondents in Central Java. Financial literacy has been proven to have a positive effect on the financial performance of MSMEs. The ability to prepare financial statements has been proven to have a positive effect on the financial performance of MSMEs. Innovative behavior is able to mediate the relationship between financial literacy, and financial performance. Innovative behavior can mediate the relationship between the ability to prepare financial statements and financial performance.
Keywords: Financial Literacy; Financial Report; Financial Performance; Risk Management
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References
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Alamsyah Moh. Fuad. (2020). Pengaruh Literasi Keuangan dan Kualitas Manajemen Keuangan Terhadap Kinerja Keuangan Pada UKM Meubel di Kota Gorontalo. Forum Ekonomi, 22(2), 245–255. http://journal.feb.unmul.ac.id/index.php/FORUMEKONOMI
Ariwibawa. (2016). Pengaruh Literasi Keuangan Terhadap Kinerja Dan Keberlangsungan Umkm Di Jawa Tengah. Jurnal Siasat Bisnis, 20(1), 1–13.
Asmolov, A., & Ledentsov, A. (2022). Industry Modern: A Solution for Sustainable Business Performance’s Technology Challenges. APTISI Transactions on Technopreneurship, 4(3), 306–312. https://doi.org/10.34306/att.v4i3.283
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Barney, J. (1991). Firm Reources ad Sustained Competitive Advantege. Journal of Management, 17(1), 99–120.
Boyle, P. A., Yu, L., Buchman, A. S., & Bennett, D. A. (2012). Risk aversion is associated with decision making among community-based older persons. Frontiers in Psychology, 3(JUN). https://doi.org/10.3389/fpsyg.2012.00205
BPS Provinsi Jawa Tengah. (2023). Pertumbuhan Ekonomi Jawa Tengah. Berita Resmi Statistik No.12/02/33/Th.VIII, 12, 1–8.
Dhewanto, W., Lestari, Y. D., Herliana, S., & Lawiyah, N. (2018). Analysis of the business model of Waste Bank in Indonesia: A preliminary study. International Journal of Business, 23(1), 73–88.
Dwinta Mulyanti, & Ai Nurhayati. (2022). Penerapan Literasi Keuangan Dan Penggunaan Financial Technology Untuk Menilai Kinerja Keuangan Umkm Di Jawa Barat. Ekono Insentif, 16. https://jurnal.lldikti4.or.id/index.php/jurnalekono/article/view/887/207
Dwiputri, S.Si., MM., R. M. (2019). Pengaruh Tata Kelola Perusahaan terhadap Kinerja Keuangan dan Kinerja Saham Pada Indeks Saham LQ45. Jurnal Ekonomi Dan Industri, 20(1). https://doi.org/10.35137/jei.v20i1.236
Dwiputri, R. M., Suyuno, E., Laksana, R. D., & Febriyanto. (2023). Financial Literacy, Risk Aversion, Financial Performance, and Innovative Behavior in Indonesian SMEs. Journal of Behavioral Science, 18(2), 15–31.
Fan, M., Qalati, S. A., Khan, M. A. S., Shah, S. M. M., Ramzan, M., & Khan, R. S. (2021). Effects of entrepreneurial orientation on social media adoption and SME performance: The moderating role of innovation capabilities. PLoS ONE, 16(4 April 2021). https://doi.org/10.1371/journal.pone.0247320
Hartina, H., Goso, G., & Palatte, M. H. (2023). Analisis Dampak Literasi Keuangan dan Keuangan Terhadap Kinerja Keuangan UMKM. SEIKO : Journal of Management & Business, 6(1), 644–651. https://doi.org/https://doi.org/10.37531/sejaman.v6i1.3874
Haryo LimansetoHaryo Limanseto. (2022). Perkembangan UMKM sebagai Critical Engine Perekonomian Nasional Terus Mendapatkan Dukungan Pemerintah. Kementerian Koordinator Bidang Perekonomian. https://www.ekon.go.id/publikasi/detail/4593/perkembangan-umkm-sebagai-critical-engine-perekonomian-nasional-terus-mendapatkan-dukungan-pemerintah
Hernawati, N., Kuntorini, R. S., & Pramono, I. P. (2019). Pengaruh Pengetahuan Laporan Keuangan Terhadap Kinerja UMKM Tahu Cibuntu. Kajian Akuntansi, 20(2), 246–255. https://doi.org/10.29313/ka.v20i2.6240
Kang, K., Lu, T., & Zhang, J. (2022). Financing Strategy Selection and Coordination Considering Risk Aversion in a Capital- Constrained Supply Chain. Journal of Industrial and Management Optimization, 18(3), 1737–1768. https://doi.org/10.3934/jimo.2021042
Moh Nur, Utomo, K. (2019). Jurnal Manajemen Indonesia Peran Literasi Keuangan dalam Meningkatkan Kinerja UKM di Kota Tarakan. 19(2), 139–148.
ojk.go.id. (2022). Infografis Hasil Survei Nasional Literasi dan Inklusi Keuangan Tahun 2022. Ojk.Go.Id, 1.
Rahaman, A., Luna, K. F., Ping, Z. L., Islam, M., & Karim, M. (2021). Do Risk-Taking, Innovativeness, and Proactivity Affect Business Performance of SMEs? A Case Study in Bangladesh. Journal of Asian Finance, 8(5), 689–0695.
Rahayu, A. Y., & Musdholifah. (2017). Pengaruh literasi keuangan terhadap kinerja dan keberlanjutan umkm di kota surabaya. Jurnal Ilmu Manajemen, 5(2016), 2017.
Septiani, R. N., & Wuryani, E. (2020). Pengaruh Literasi Keuangan Dan Inklusi Keuangan Terhadap Kinerja Umkm Di Sidoarjo. E-Jurnal Manajemen Universitas Udayana, 9(8), 3214. https://doi.org/10.24843/ejmunud.2020.v09.i08.p16
Widiarti S, T. (2022). Peran Inovasi, Literasi Keuangan, Modal Kerja Dan Kebijakan Pemerintah Dalam Upaya Meningkatkan Kinerja Ukm. JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 9(3), 1359–1371. https://doi.org/10.35794/jmbi.v9i3.44541
Wong, A., Holmes, S., & Schaper, M. T. (2018). How do small business owners actually make their financial decisions? Understanding SME financial behaviour using a case-based approach. Small Enterprise Research, 25(1), 36–51. https://doi.org/10.1080/13215906.2018.1428909
Published
2025-01-06
How to Cite
SUDHARMASTO, Septianto; HASTUTI, Theresia Dwi.
Effect of Financial Literacy, Financial Reporting, And Risk Management on Financial Performance of Msmes With Innovative Behavior As Mediator.
E-Jurnal Akuntansi, [S.l.], v. 35, n. 3, jan. 2025.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/119642>. Date accessed: 26 apr. 2025.
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