Enhancing Financial Resilience of Women Entrepreneurs through Strengthened Digital Financial Literacy

  • Ratna Candra Sari Faculty of Economics and Business, Universitas Negeri Yogyakarta
  • Zuhrohtun Zuhrohtun Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Yogyakarta
  • Arin Pranesti Faculty of Economics and Business, Universitas Negeri Yogyakarta
  • Ratna Yudhiyati Faculty of Economics and Business, Universitas Negeri Yogyakarta
  • Umi Syafaatul Udhma Faculty of Economics and Business, Universitas Gadjah Mada
  • Novita Nurbaiti Faculty of Economics and Business, Universitas Negeri Yogyakarta

Abstract

This study investigates the impact of digital financial literacy (DFL) on the financial resilience of women entrepreneurs. The research adopts an explanatory approach, drawing on data from 208 women entrepreneurs based in Yogyakarta and Central Java, Indonesia. To test the proposed hypotheses, partial least squares structural equation modeling (PLS-SEM) was employed. The findings indicate that DFL significantly influences financial behavior, with these effects extending to future financial decisions. Enhancing DFL among women entrepreneurs positively affects their financial behavior, ultimately contributing to greater financial resilience. A key contribution of this research lies in its focus on women entrepreneurs, a demographic often overlooked in studies on financial literacy. Additionally, the study distinguishes between spending and saving behaviors by separating current financial actions from those intended for the future. This distinction enables a more nuanced analysis of how different financial behaviors, facilitated by digital financial technologies, affect financial resilience.


Keywords: digital financial literacy, financial resilience, woman entrepreneur

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Published
2024-10-11
How to Cite
SARI, Ratna Candra et al. Enhancing Financial Resilience of Women Entrepreneurs through Strengthened Digital Financial Literacy. Jurnal Ilmiah Akuntansi dan Bisnis, [S.l.], v. 19, n. 2, oct. 2024. ISSN 2303-1018. Available at: <https://ojs.unud.ac.id/index.php/jiab/article/view/113473>. Date accessed: 07 nov. 2024.
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Articles