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Impact of Financial Literacy of MSE's on The Use of Financial Products

Author

Listed:
  • Paulina Y. Amtiran

    (Universitas Nusa Cendana, Kupang, Indonesia Author-2-Name: Anderias U. T. Anabuni Author-2-Workplace-Name: "Universitas Nusa Cendana, Kupang, Indonesia " Author-3-Name: Elisabeth Yuni Author-3-Workplace-Name: "Universitas Nusa Cendana, Kupang, Indonesia " Author-4-Name: Marselin Y. Balle Author-4-Workplace-Name: "Universitas Nusa Cendana, Kupang, Indonesia " Author-5-Name: "Jhimi Maima" Author-5-Workplace-Name: "Universitas Nusa Cendana, Kupang, Indonesia " Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

" Objective - The purpose of this study is to find the impact of financial literacy of micro and small enterprises on financial products. Methodology/Technique – Data was collected through the distribution of questionnaires. The method used was data analysis using multiple regression analysis technique. The sample of this study was 70 small and micro enterprises in Sumba Island, East Nusa Tenggara. Findings – The findings reveal a positive correlation between financial literacy and financial products. Novelty – Improving financial literacy among SMEs will lead to increased use of financial products. The significance of this study is to implement information dissemination and training programs to improve financial literacy and promote the adoption of financial products among SMEs in Sumba Island. Type of Paper - Empirical"

Suggested Citation

  • Paulina Y. Amtiran, 2024. "Impact of Financial Literacy of MSE's on The Use of Financial Products ," GATR Journals jfbr223, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jfbr223
    DOI: https://doi.org/10.35609/jfbr.2024.9.1(2)
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    References listed on IDEAS

    as
    1. Lusardi, Annamaria & Mitchell, Olivia S., 2011. "Financial literacy around the world: an overview," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(4), pages 497-508, October.
    2. Steve Bond & Costas Meghir, 1994. "Financial constraints and company investment," Fiscal Studies, Institute for Fiscal Studies, vol. 15(2), pages 1-18, May.
    3. Annamaria Lusardi, 2019. "Financial literacy and the need for financial education: evidence and implications," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 155(1), pages 1-8, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Inclusion; Financial Literacy; Financial Knowledge; Financial Behavior; Financial Attitude;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other

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