Analysis of MSME Players’ Financial Literacy in Payakumbuh City

DOI

10.2991/aebmr.k.210616.055How to use a DOI?

Keywords

Financial literacy, MSMEs, Payakumbuh

Abstract

The economy of Payakumbuh city is largely driven by MSMEs. The important thing that MSMEs must have is to have financial literacy in order for them to manage their business finances. This research aims to analyze factors that affect the financial literacy of MSME players in Payakumbuh City namely gender, education level, religiosity, and financial training. This type of research is quantitative research. The sample in this study was 100 MSMEs perpetrators of Payakumbuh City. The data collection technique used in this study is a questionnaire. The data analysis technique used in this study is a quantitative descriptive analysis in the form of multiple linear regression analysis. Data processing is done by Structural Equation Modeling (SE) method with the Amos 21 Program tool. The results showed that education levels, religiosity and financial training had a significant influence on financial literacy. While Gender does not have a significant influence on financial literacy. The results of this study are expected to be useful by the Payakumbuh City Government as well as the MSME actors themselves in improving financial literacy.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Nita Sofia
AU  - Mentari Ritonga
AU  - Sri Arita
PY  - 2021
DA  - 2021/06/17
TI  - Analysis of MSME Players’ Financial Literacy in Payakumbuh City
BT  - Proceedings of the Sixth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2020)
PB  - Atlantis Press
SP  - 366
EP  - 372
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210616.055
DO  - 10.2991/aebmr.k.210616.055
ID  - Sofia2021
ER  -