Abstract
One aspect of the role of small and medium enterprises (SMEs) is encouraging economic growth and development, domestically, and internationally. This study aims to determine the level of financial literacy of SMEs. This research uses quantitative and descriptive methods. Data were collected from 100 SMEs in the Citarum Watershed, Indonesia. Multivariate analysis techniques and factor analysis are used to process data. Results show that two factors determine the level of financial literacy of SMEs. The first factor is financial products and services. The second factor is the basic financial concepts. Suggestions for future research include other factors that influence financial literacy.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Monetary Economics and Finance
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
