MSMES Financial Management from the Perspective of Financial Literacy, Financial Attitudes and Income

Abstract

Purpose – This study aims to analyze the influence of Financial Literacy, Financial Attitudes
and Income on Financial Management (MSMES in East Bekasi).
Design/methodology/approach – This research method is quantitative research. Data
collection is used through the distribution of questionnaires. Measurement of the Variables
using the Likert scale. The population in this study is culinary MSMES in East Bekasi which
amounted to 147 MSMES actors. The sample used was 107 respondents using the simple
random sampling method.
Findings – The findings of this research state that financial literacy has a significant and
influential effect on financial management. Financial attitudes do not have a significant effect
on financial management
Income does not have a significant effect on financial management
Research limitations/implications – The limitations of this research in the respondents studied
are related to the number, and only to MSMES in the culinary sector in the East Bekasi subdistrict area.
Practical implications – The main research results emphasize the importance of MSMES
players considering improving financial literacy and financial attitudes so that financial
management will be more effective and efficient in order to support higher income, by
increasing knowledge and skills through education or training related to how to manage
MSMES finances.
Originality/value – The results of this study show that financial literacy significantly affects
financial management, financial attitudes have an insignificant effect on financial management,
and income has no effect and is not significant on financial management. Meanwhile,
simultaneously financial literacy, financial attitudes and income have a significant effect on
financial management.