IDEAS home Printed from https://ideas.repec.org/a/bhx/ojtijf/v10y2025i1p1-9id2461.html
   My bibliography  Save this article

The Effects of Financial Literacy on the Financial Performance of Micro Businesses in Mezam Division

Author

Listed:
  • Takoutio Feudjio virginie

Abstract

Purpose: Over the years, the greatest desire of most people had been that of achieving high financial performance but the access to that requires the knowledge of financial literacy. This article had as aim to investigate the influence of financial literacy on the financial performance of micro businesses in Mezam. Our objective was achieved by breaking down financial literacy into three variables (debt management literacy, budgeting skills, and book keeping). Methodology: Data collected through questionnaires were analyzed using the Ordinary Least Squares as estimation technique. Findings: After regression, the results of the article revealed that all the three variables considered under financial literacy have positive and significant effect on the financial performance of micro businesses. Unique Contribution to Theory, Policy and Practice: Therefore, to succeed in business and increase their financial performance, owners of micro business should make an effort to be train on how to manage their debt effectively, how to keep records and how to plan a budget.

Suggested Citation

  • Takoutio Feudjio virginie, 2025. "The Effects of Financial Literacy on the Financial Performance of Micro Businesses in Mezam Division," International Journal of Finance, CARI Journals Limited, vol. 10(1), pages 1-9.
    • Handle: RePEc:bhx:ojtijf:v:10:y:2025:i:1:p:1-9:id:2461
    as

    Download full text from publisher

    File URL: https://carijournals.org/journals/index.php/IJF/article/view/2461/2885
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bhx:ojtijf:v:10:y:2025:i:1:p:1-9:id:2461. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chief Editor (email available below). General contact details of provider: https://www.carijournals.org/journals/index.php/IJF/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.