Financial access, financial literature, and financial experience and the impact on MSMEs' financial behavior
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Published:
Feb 28, 2023
Keywords:
Financial Access, Financial Experience, Financial Literacy
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Computer Science
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Abstract
The Gross Domestic Product (GDP) of Indonesia is made up of 60.6% MSMEs. On the other hand, there are still many MSME players who lack access to financial institutions and have poor levels of financial awareness and experience. This study aims to ascertain whether there is a relationship between financial access (X1), financial literacy (X2), and financial experience (X3) and SMEs' financial behavior (Y). The financial behavior (X1) Y variable was significantly influenced by the variables of financial access (X1), financial literacy (X2), and financial experience (X3). The value of the coefficient of determination in Adjusted R Square explains the magnitude of the influence to the extent of 72.8%, while the remaining 27.2% is influenced by b. The research data was tested using SPSS version 25, and the results of the study both partially using the T test and simultaneously using the F test.
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How to Cite
Bernando, F. O. and Pringgondani (2023) “Financial access, financial literature, and financial experience and the impact on MSMEs’ financial behavior ”, Jurnal Mantik, 6(4), pp. 3800-3807. doi: 10.35335/mantik.v6i4.3107.
References
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Bernando Franky Okto, Purba Desima Fitriani, & Purba Sandro Varade. (2022). Financial Literature and Financial Inclusion During the COVID-19 Pandemic are Used to Control Behavior Through Financial Education (Case Study on Business and Management Students of STAB Negeri Sriwijaya). In Enrichment: Journal of Management (Vol. 12, Issue 4). https://doi.org/https://doi.org/10.35335/enrichment.v12i4.669
Fitria M., Yurniwati, & Rahman A. (2018). The Effect of Financial Literacy on Growth and Sustainability of SMEs (Small and Medium Enterprises) in the Handicraft Sector in Padang City. International Journal of Progressive Sciences and Technologies. https://doi.org/http://dx.doi.org/10.52155/ijpsat.v10.2.610
Ina Ibor, B., Offiong, A. I., & Mendie, E. S. (2017). FINANCIAL INCLUSION AND PERFORMANCE OF MICRO, SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA. International Journal of Research -GRANTHAALAYAH, 5(3), 104–122. https://doi.org/10.29121/granthaalayah.v5.i3.2017.1758
Nguyen, V. T., & Doan, M. D. (2020). The Correlation between Financial Literacy and Personal Saving Behavior in Vietnam. Asian Economic and Financial Review, 10(6), 590–603. https://doi.org/10.18488/journal.aefr.2020.106.590.603
Otoritas Jasa Keuangan (OJK). (2021, December 19). Strategi Nasional Literasi Keuangan Indonesia 2021 - 2025. Publikasi Otoritas Jasa Keuangan (OJK).
Purba, M. I., Simanjutak, D. C. Y., Malau, Y. N., Sholihat, W., & Ahmadi, E. A. (2021). The effect of digital marketing and e-commerce on financial performance and business sustainability of MSMEs during COVID-19 pandemic in Indonesia. International Journal of Data and Network Science, 5(3), 275–282. https://doi.org/10.5267/j.ijdns.2021.6.006
Purwidianti, W., & Tubastuvi, N. (2019). The Effect of Financial Literacy and Financial Experience on SME Financial Behavior in Indonesia. Jurnal Dinamika Manajemen, 10(1), 40–45. https://doi.org/10.15294/jdm.v10i1.16937
Sabilla Sonya Oktara, & Wijayangka Candra. (2019). Pengaruh Literasi Keuangan Terhadap Pertumbuhan Usaha Pada UMKM. 3(1). http://journal.unla.ac.id/index.php/almana/article/view/457
Setiawan, M. A. (n.d.). Analisis Keterkaitan Inklusi Keuangan Terhadap Perilaku Keuangan Personal Masyarakat Di Wilayah Kota Dan Kabupaten Provinsi Jawa Timur. Retrieved October 28, 2022, from https://jimfeb.ub.ac.id/index.php/jimfeb/article/view/1888
Stella, G. P., Filotto, U., Cervellati, E. M., & Graziano, E. A. (2020). The Effects of Financial Education on Financial Literacy in Italy. International Business Research, 13(4), 44. https://doi.org/10.5539/ibr.v13n4p44
Sugiyono. (2016). Metode Penelitian Kuantitatif, Kualitatif dan R&D. https://ecampus.unusia.ac.id/pustaka_unusia/main/search?pengarang=Sugiyono
Tammy Allen D., Johnson, R. C., Kiburz, K. M., & Shockley, K. M. (2013). Work-Family Conflict and Flexible Work Arrangements: Deconstructing Flexibility. Personnel Psychology, 66(2), 345–376. https://doi.org/10.1111/peps.12012
Yoshino Naoyuki, Wignaraja Ganeshan, & Morgan Peter. (2015). Financial Education in Asia: Assessment and Recommendations. ADBI Working Paper Series, 534.
Yulianti, N., & Silvy, M. (2013). SIKAP PENGELOLA KEUANGAN DAN PERILAKU PERENCANAAN INVESTASI KELUARGA DI SURABAYA. In Journal of Business and Banking (Vol. 3, Issue 1). https://doi.org/http://dx.doi.org/10.14414/jbb.v3i1.254
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