Financial Literacy, Performance, And Welfare Of Msmes In Gianyar Regency
Abstract
This study aims to 1). Analyzing the effect of financial literacy on the performance of MSMEs, 2). Analyzing the effect of financial literacy on the welfare of MSME actors, and 3). Analyzing the effect of MSME performance on the welfare of MSME actors. The research was conducted in Gianyar Regency and focused on 110 MSME actors. The data sources used are primary data from bamboo weaving crafters and secondary data from various relevant agencies. The analysis results show that financial literacy affects the performance and welfare of MSME actors, and performance also affects their welfare. The results of this analysis also show that good financial literacy will be able to improve the performance of MSMEs, especially in facing digital developments and various global challenges.
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References
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Asante, K. T. (2018). Strategic coethnicity: Social capital and entrepreneurial strategies of two Ghanaian migrant businesses. Journal of Enterprising Communities: People and Places in the Global Economy, 12(4), 418–436.
Chatterji, A. K. (2009). Spawned with a silver spoon? Entrepreneurial performance and innovation in the medical device industry. Strategic Management Journal, 30(2), 185–206.
Dahmen, P., & Rodríguez, E. (2014). Financial literacy and the success of small businesses: An observation from a small business development center. Numeracy, 7(1), 3.
Esubalew, A. A., & Raghurama, A. (2020). The mediating effect of entrepreneurs’ competency on the relationship between Bank finance and performance of micro, small, and medium enterprises (MSMEs). European Research on Management and Business Economics, 26(2), 87-95.
Gangwani, D., & Zhu, X. (2024). Modeling and prediction of business success: a survey. Artificial Intelligence Review, 57(2), 44.
Ghasarma, R., Putri, L., & Adam, M. (2017). Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach. International Journal of Economics and Financial Issues, 7(4), 182-188.
Hakizimana, S., Makau, S. M., & Kavinda, L. (2023). Business Development Services and Government Regulations: Prospects and Challenges of Youth-Owned Enterprises in Kigali Rwanda. International Journal of Business and Social Science Research, 4(3-4), 11-23.
Hair Jr, J., Page, M., & Brunsveld, N. (2019). Essentials of business research methods. Routledge.
Henrekson, M., & Roine, J. (2007). Promoting entrepreneurship in the welfare state. The handbook of research on entrepreneurship policy, 64-93.
Hasan, I., He, Q., & Lu, H. (2020). The impact of social capital on economic attitudes and outcomes. Journal of International Money and Finance, 108, 102162.
Hwang, H., & Park, H. I. (2023). The relationships of financial literacy with both financial behavior and financial well‐being: Meta‐analyses based on the selective literature review. Journal of Consumer Affairs, 57(1), 222-244.
Hustinx, L., & De Waele, E. (2015). Managing hybridity in a changing welfare mix: Everyday practices in an entrepreneurial nonprofit in Belgium. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations, 26, 1666–1689.
Idawati, I. A. A., & Pratama, I. G. S. (2020). Pengaruh Literasi Keuangan Terhadap Kinerja dan Keberlangsungan UMKM di Kota Denpasar. Warmadewa Management and Business Journal (WMBJ), 2(1), 1-9. https://doi.org/10.22225/wmbj.2.1.2020.1-9
Iso-Ahola, S. E. (2024). A theory of the skill-performance relationship. Frontiers in Psychology, 15, 1296014.
Jiwa, I.D.N.A., Arnawa, G., and Madiarsa, M., 2022. Analisis Kinerja Dan Keberlangsungan Bisnis Umkm Di Kecamatan Gerokgak Kabupaten Buleleng. Jurnal Mitra Manajemen, 6 (2), 96–110.
Kalli, K. A., Abba, Y. B., & Bukar, A. G. (2023). An assessment of the effect of training and development on employee performance: A review perspective. World Journal of Advanced Research and Reviews, 18(2), 258-270.
Koskelainen, T., Kalmi, P., Scornavacca, E., & Vartiainen, T. (2023). Financial literacy in the digital age—A research agenda. Journal of Consumer Affairs, 57(1), 507-528.
Neumann, T. (2021). The impact of entrepreneurship on economic, social and environmental welfare and its determinants: a systematic review. Management Review Quarterly, 71(3), 553–584.
Oggero, N., Rossi, M. C., & Ughetto, E. (2020). Entrepreneurial spirits in women and men. The role of financial literacy and digital skills. Small Business Economics, 55, 313-327.
Rahman, M. A., & Susila, A. A. (2021). Pengaruh Suasana Hati dan Kompetensi terhadap Kinerja Usaha melalui Kewirausahaan terhadap UMKM di Desa Tanjung Bumi Kab. Bangkalan. Iqtishodiyah: Jurnal Ekonomi dan Bisnis Islam, 7(1), 74-90.
Rahmat, R. (2024). Economic Empowerment of Small Businesses Through Zakat Funds at the Amil Zakat Infaq Shadaqah Institute in Surakarta. Demak Universal Journal of Islam and Sharia, 2(02), 133-144.
Rehman, K., & Mia, M. A. (2024). Determinants of financial literacy: a systematic review and future research directions. Future Business Journal, 10(1), 75.
Reswanda, R., 2012. Pengaruh Orientasi Kewirausahaan Terhadap Pembelajaran Organisasi, Keunggulan Daya Saing Berkelanjutan Dan Kinerja Usaha Padaumkm Kerajinan Kulit Berorientasi Ekspor Di Sidoarjo. Jurnal Ekonomi Akuntansi Dan Manajemen, 11 (2).
Riepe, J., Rudeloff, M., & Veer, T. (2022). Financial literacy and entrepreneurial risk aversion. Journal of Small Business Management, 60(2), 1–20. doi:10.1080/00472778.2019.1709380
Rodhiah, R., & Nawawi, T. (2017). Investigation of the small retailers' performance measurement model. Journal of Economic & Management Perspectives, 11(4), 517-529.
Salignac, F., Hanoteau, J., & Ramia, I. (2022). Financial resilience: a way forward towards economic development in developing countries. Social Indicators Research, 1-33.
Sara, A., Shmuel, S., Zeev, G., & Schnell, I. (2024). Small Israeli peripheral businesses: spatial and ethnical embeddedness. Journal of Small Business & Entrepreneurship, 36(3), 459-481.
Sariwulan, T., Suparno, S., Disman, D., Ahman, E., & Suwatno, S. (2020). Entrepreneurial performance: The role of literacy and skills. The Journal of Asian Finance, Economics and Business, 7(11), 269–280.
Tajpour, M., & Hosseini, E. (2019). The effect of human and social capital on entrepreneurial activities: A case study of Iran and implications. Entrepreneurship and Sustainability Issues, 6(3).
Tamvada, J. P. (2010). Entrepreneurship and welfare. Small Business Economics, 34, 65–79.
Vial, V., & Hanoteau, J. (2015). Returns to micro-entrepreneurship in an emerging economy: A quantile study of entrepreneurial Indonesian households’ welfare. World Development, 74, 142-157.
Zaimovic, A., Torlakovic, A., Arnaut-Berilo, A., Zaimovic, T., Dedovic, L., & Nuhic Meskovic, M. (2023). Mapping financial literacy: A systematic literature review of determinants and recent trends. Sustainability, 15(12), 9358.
Published
2025-02-27
How to Cite
PUTRA, Gde Bagus Brahma et al.
Financial Literacy, Performance, And Welfare Of Msmes In Gianyar Regency.
Jurnal Ekonomi Kuantitatif Terapan, [S.l.], v. 18, n. 1, p. 87-96, feb. 2025.
ISSN 2303-0186.
Available at: <https://ojs.unud.ac.id/index.php/jekt/article/view/117849>. Date accessed: 26 apr. 2025.
doi: https://doi.org/10.24843/JEKT.2025.v18.i01.p05.
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Articles
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