Influence of financial and financial literacy technology on financial management (to foodcourt MSME activities in Binjai city)
Keywords:
Micro, Small & Medium Enterprises (MSMEs), Financial Literacy, Financial Technology, Financial Management
Abstract
This research aims to explore the impact of financial literacy and financial technology (fintech) on financial management in Micro, Small and Medium Enterprises (MSMEs) in Binjai City. Paying attention to the significant growth of MSMEs every year, the focus is to identify the low level of financial literacy among MSME players as well as the trend of society's shift towards financial technology. In its background, this journal highlights the importance of financial literacy for MSMEs and how advances in financial technology contribute to improved financial management. The research method is based on a descriptive quantitative approach, which uses questionnaires as a data collection technique and multiple regression analysis to examine the impact of financial literacy and financial technology on MSME financial management. The research results show that Financial Literacy has a positive and significant effect on the Financial Management of Binjai Foodcourt MSMEs . Financial Technology has a positive and significant influence on the Financial Management of Binjai Foodcourt MSMEs . Financial Literacy and Financial Technology have a positive and significant influence on the Financial Management of MSME Foodcourts in Binjai City.
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References
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Ardiansyah, AF, Rauf, A., & Makassar, UN (2022). MSMEs in Makassar City Businesses in Makassar City . 1(4), 879–890
Ardila, I., & Christiana, I. (2020). Financial Management of Culinary Sector Micro Enterprises in Medan Denai District. Liabilities (Journal of Accounting Education), 3(3), 158–167.
Ardila, I., Sembiring, M., & Azhar, E. (2020). Analysis of Financial Literacy of MSME Actors. Seminar of Social Sciences Engineering and Humanities, 1(3), 216–222.
Astuti, R., Tanjung, H., & Putri, L. P (2019). The Effect of Financial Literacy on Online Shopping Interest in Millennials. International Journal of Accounting & Finance in Asia Pacific, 2(3), 41-45.
Azhari, F.A. (2021). The Influence of Financial Technology, Succession Planning, Financial Self-Efficacy, and Personality System on Family Business Succession (Study of Non-Agricultural Sector Family Business MSMEs in Surabaya ). Journal of Management Science, 9(2), 438-450.
Bank Indonesia. (2015). Business Profile of Micro, Small and Medium Enterprises (MSMEs ). In Bank Indonesia and LPPI.
Dahrani, D., Saragih, F., & Ritonga, P. (2022). Financial Management Model Based on Financial Literacy and Financial Inclusion: Study of MSMEs in Binjai City. Owner: Accounting Research & Journal, 6(2), 1509–1518.
Fitriasandy, AL, & Anam, AK (2022). Influence of Financial Management, Financial
Technology and Social Capital on MSME Performance. Journal of Management Recognition, 6, 1–12.
Gunawan, A., Pulungan, DR, & Koto, M. (2019). Financial Literacy Level of Lecturers at the Faculty of Economics and Business, Muhammadiyah University, North Sumatra. 1–9.
Haekal, F. (2021). The Influence of Financial Literacy on MSME Financial Management in Palopo City. Thesis, Faculty of Economics and Business, Muhammadiyah University of Palopo, 1–48.
Hutagaol, LP (2019). Factors that Influence Entrepreneurial Decisions Through the Decision Making Process (Empirical Study on Medan City MSME Start-ups). HKBP Nomensen University.
Ika, N., Pratami, LP, & Bahagia, R. (2021). E-commerce Analysis in Helping MSME Sales in the Midst of the Pandemic. Economist: Journal of Economics and Development Studies, 21(2), 194–200.
Kesuma, INP (2019). The Influence of Financial Literacy on Financial Inclusion Through Financial Technology in MSMEs in Bandar Lampung . Journal of Business Management and Entrepreneurship. 4(5), 247–252.
Khadijah, K., & Purba, N.M.B. (2021). Analysis of Financial Management in MSMEs in Batam City. Owner: Accounting Research & Journal , 5(1), 51–59.
Marpaung, O., Purba, DM, & Maesaroh, S. (2021). Analysis of factors influencing the use of fintech applications and their impact on financial literacy . Journal of Accounting, 10(1), 98–106.
Marginingsih, R. (2021). Financial Technology (Fintech) in National Financial Inclusion During the Covid-19 Pandemic. Monetary - Journal of Accounting and Finance, 8(1), 56–64.
Nasution, MI, Prayogi, MA, & Nasution, SMA (2017). Development of Business Management and E-Marketing for Shoe Craft Micro Industry Entrepreneurs in Medan Denai District . Journal of Community Service, 23(2), 292.
Nur Hamidah, Rida Prihatni, & IGKA Ulupui. (2020). The Effect Of Financial Literacy, Fintech (Financial Technology) and Intellectual Capital On The Performance Of MSMEs In Depok City, West Java. Journal of Social Science, 1(4), 152–158
Putri, LP, & Christiana, I. (2021). The Role of Financial Technology in Helping MSMEs During the Covid-19 Pandemic. ECONOMICS: Journal of Economics and Development Studies, 21(1), 57–63.
Rumbianingrum, W., & Wijayangka, C. (2018). The Influence of Financial Literacy on the Influence of Financial Literacy and Financial Technology on MSME Financial Management. Journal of Management and Business, 2(3), 155–165.
Simamora, FS (2017). Weavers' Work Ethic in Improving Economic Status at the Ulos Sianipar Weaving Factory, Medan . University of Northern Sumatra.
Sugiyono. (2017). Quantitative, Qualitative, and R&D Research Methods . Bandung: Alphabeta.
Wati, L., & Panggiarti, E.K. (2021). Analysis of the Use of Financial Technology, Literacy
Finance and Financial Behavior of Online Business Students . Journal of Education (Economics, Education and Accounting), 9(2), 121
Published
2024-02-06
How to Cite
Wahyu Indah Sari, Wiwied Risdianto Putri, Suarika Diah Permata, M Gilang Dinata, & Ridho Alansyah. (2024). Influence of financial and financial literacy technology on financial management (to foodcourt MSME activities in Binjai city). Jurnal Scientia, 13(01), 612-619. Retrieved from https://infor.seaninstitute.org/index.php/pendidikan/article/view/2244
Section
Articles
