Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)

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The Effect of Financial Literature and Financial Capital on Business Performance in Small Medium Micro Enterprises (MSMEs) in Central Java

(on MSMEs in Grobogan Regency)

Authors
Vina Putri Anjelia1, Wuryaningsih Dwi Lestari1, *
1Muhammadiyah University of Surakarta (UMS), Surakarta, 57102, Indonesia
*Corresponding author. Email: wdl126@ums.ac.id
Corresponding Author
Wuryaningsih Dwi Lestari
Available Online 4 October 2023.
DOI
10.2991/978-94-6463-204-0_65How to use a DOI?
Keywords
Financial Literacy; Financial Capital; Business Performance; MSMEs
Abstract

This study aims to analyze the effect of financial literacy and financial capital on the business performance of MSMEs in Central Java. Financial literacy and financial capital are very important for business performance because to achieve good performance in business activities, business owners need to understand how to manage finances well. The populations in this study are MSMEs in Central Java, especially in the Grobogan Regency. The sampling technique used was the purposive sampling method. The type of data used was primary data, namely data obtained directly from the source. Data collection methods were questionnaires and interviews. Then the data were analyzed using the classical assumption test, validity test, reliability test, descriptive test, multiple linear regression test, and hypothesis testing. The results of the study prove that financial literacy has a significant positive effect on MSMEs business performance and financial capital has a significant positive effect on MSMEs business performance. Simultaneously financial literacy and financial capital also have a significant positive effect on MSMEs business performance. From the results of this study, it is hoped that readers can develop knowledge and be able to implement this knowledge in the business sector because the business will not be able to develop properly if their human resources cannot manage finances properly.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)
Series
Advances in Economics, Business and Management Research
Publication Date
4 October 2023
ISBN
10.2991/978-94-6463-204-0_65
ISSN
2352-5428
DOI
10.2991/978-94-6463-204-0_65How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Vina Putri Anjelia
AU  - Wuryaningsih Dwi Lestari
PY  - 2023
DA  - 2023/10/04
TI  - The Effect of Financial Literature and Financial Capital on Business Performance in Small Medium Micro Enterprises (MSMEs) in Central Java
BT  - Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)
PB  - Atlantis Press
SP  - 788
EP  - 797
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-204-0_65
DO  - 10.2991/978-94-6463-204-0_65
ID  - Anjelia2023
ER  -