Behaviour of Financial Management for Small and Medium Enterprises in the New Normal Era

Abstract

Small and medium enterprises have been considerably affected by the COVID-19 pandemic. In the new normal era, small and medium enterprises need attention and support to survive. This study aims to analyze how the behaviors of disclosing financial statements, managerial perspectives, and social interest perspectives can change management behavior in disclosing financial statements in the absence of financial information. This research was conducted in Bali on small and medium enterprises affected by the COVID-19 pandemic in the new normal era. The sample of this research was 839 small and medium enterprises. The results showed that the disclosure of financial statements and managerial perspectives affected the perspective of social interest. Disclosure of financial statements and managerial perspectives affect the behavior of financial management. Perspectives of social interest are able to mediate the relationship between disclosure of financial statements and managerial perspectives with the behavior of financial management. Thus, in the new normal era, good and bad information about finances remains important to increasing the social interests of society.