THE EFFECT OF FINANCIAL INCLUSION AND FINANCIAL LITERACY ON MSME FINANCIAL PERFORMANCE
Abstract
The purpose of this research is to examine how MSMEs' financial success is affected by the presence or absence of financial inclusion and financial literacy. Purposive sampling was used to choose 100 SMEs from the Bekasi Regency for this study. Multiple linear regression was used to evaluate the data gathered from the surveys. The study's findings demonstrate that MSMEs can benefit from both financial inclusion and financial literacy. For micro, small, and medium-sized enterprises (MSMEs), financial inclusion means having greater access to financing and other financial services in order to boost their financial performance. Meanwhile, financial literacy strengthens MSME's understanding of financial management, so that it can assist in managing finances and improving their financial performance. This research has implications for the government, regulators and financial institutions to increase financial inclusion and financial literacy among MSMEs. The government and regulators can help increase MSMEs' access to financial services through policies and regulations that support financial inclusion. Meanwhile, financial institutions can increase MSME financial literacy through targeted financial education and training.
Downloads
References
[2] Amri, A. F., & Iramani, I. (2018). Pengaruh Literasi Keuangan Terhadap Kinerja Umkm di Surabaya. Journal of Business & Banking, 8(1), 59–70.
[3] Aribawa, D. (2016). Pengaruh literasi keuangan terhadap kinerja dan keberlangsungan UMKM di Jawa Tengah. Jurnal Siasat Bisnis, 20(1), 1-13.
[4] Atkinson, A., & Messy, F. A. (2012). Measuring financial literacy: Results of the OECD/International Network on Financial Education (INFE) pilot study.
[5] Fatimah, S., & Azlina, N. (2021). Pengaruh teknologi informasi dan inovasi terhadap kinerja usaha kecil dan menengah (UKM)(Studi pada UKM berbasis online di Kota Dumai). Riset Akuntansi Dan Perbankan, 15(1), 444-459.
[6] Hidajat, T. (2016). Literasi keuangan. STIE Bank BPD Jateng.
[7] Irmawati, S., Damelia, D., & Puspita, D. W. (2013). Model inklusi keuangan pada UMKM berbasis pedesaan. JEJAK, 6(2).
[8] Keuangan, O. J. (2013). Literasi keuangan.
[9] Kusuma, M., Narulitasari, D., & Nurohman, Y. A. (2022). Inklusi Keuangan Dan Literasi Keuangan Terhadap Kinerja Dan Keberlanjutan Umkm Disolo Raya. Among Makarti, 14(2).
[10] Lusardi, A., & Tufano, P. (2009). Teach workers about the perils of debt.
[11] Masruroh, I., Andrean, R., & Arifah, F. (2021). Peran pemerintah dalam mengatasi dampak pandemi covid-19 bagi UMKM di Indonesia. Journal of Innovation Research and Knowledge, 1(1), 41-48.
[12] Ratnawati, K. (2020). The Influence of Financial Inclusion on MSMEs’ Performance Through Financial Intermediation and Access to Capital. Journal of Asian Finance, Economics and Business, 7(11), 205–218.
[13] Sanistasya, P. A., Rahardjo, K., & Iqbal, M. (2019). Pengaruh Literasi Keuangan dan Inklusi Keuangan Terhadap Kinerja Usaha Kecil di Kalimantan Timur. Jurnal Economia, 15(1), 48-59.
[14] Sanjaya, I. (2014). Inklusi keuangan dan pertumbuhan inklusif sebagai strategi pengentasan kemiskinan di Indonesia.
[15] Sedyastuti, K. (2018). Analisis pemberdayaan UMKM dan peningkatan daya saing dalam kancah pasar global. INOBIS: Jurnal Inovasi Bisnis Dan Manajemen Indonesia, 2(1), 117-127.
[16] Septiani, R. N., & Wuryani, E. (2020). Pengaruh Literasi Keuangan Dan Inklusi Keuangan Terhadap Kinerja Umkm Di Sidoarjo. E-Jurnal Manajemen Universitas Udayana, 9(8), 3214.
[17] Sugiyono, S. (2019). Metodologi Penelitian Kualitatif Kuantitatif Dan R&D. Bandung: Cv. Alfabeta.
[18] Syairozi, M. I., & Susanti, I. (2018). Analisis Jumlah Pengangguran dan Ketenagakerjaan terhadap Keberadaan Usaha Mikro Kecil dan Menengah di Kabupaten Pasuruan. Jurnal Samudra Ekonomi dan Bisnis, 9(2), 198-208.
[19] Yanti, W. I. P. (2019). Pengaruh Inklusi Keuangan Dan Literasi Keuangan Terhadap Kinerja Umkm Di Kecamatan Moyo Utara. Jurnal Manajemen Dan Bisnis, 2(1), 1–10.