Efforts to Improve Financial Management Capabilities through Digital-Based Literacy and Inclusion for Coffee Shop Entrepreneurs in Medan City
DOI:
https://doi.org/10.37385/ijedr.v4i6.6660Keywords:
Literacy, Inclusion, Financial Management, Capability, MSMEAbstract
The purpose of the study was to determine the effect of financial inclusion and digital-based financial literacy on the financial management capabilities of Coffee Shop Entrepreneurs in Medan City. This research method is quantitative research. The design of this study uses a cross-sectional design method with a sampling technique using purposive sampling. This study uses data analysis with the Partial Least Square approach (Data were collected using questionnaires, literature studies, observations, interviews, Focus Group Discussions. The results of the study show that financial inclusion and digital-based financial literacy have an effect on the financial management capabilities of Coffee Shop Entrepreneurs in Medan City.
References
Alamsyah. (2020). The influence of digital-based financial literacy and quality of financial management on financial performance in furniture SMEs in Gorontalo City. Econ Forum, 22(2), 245–255. Retrieved from http://journal.feb.unmul.ac.id/index.php/FORUMEKONOMI
Barrafrem, K., Västfjäll, D., & Tinghög, G. (2020). Financial well-being, COVID-19, and the financial better-than-average effect. Journal of Behavioral and Experimental Finance, 28, 100410. https://doi.org/10.1016/j.jbef.2020.100410
Botha, F., Broadway, B., de New, J., & Wong, C. (2021). Financial autonomy among emerging adults in Australia. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3833961
Demir, A., Pesqué-Cela, V., Altunbas, Y., & Murinde, V. (2022). Fintech, financial inclusion and income inequality: A quantile regression approach. European Journal of Finance, 28(1), 86–107. https://doi.org/10.1080/1351847X.2020.1772335
Fanea-Ivanovici, M., & Baber, H. (2022). Sustainability at universities as a determinant of entrepreneurship for sustainability. Sustainability, 14(1), 1–13. https://doi.org/10.3390/su14010318
Ferilli, G. B., Palmieri, E., Miani, S., & Stefanelli, V. (2024). The impact of FinTech innovation on digital financial literacy in Europe: Insights from the banking industry. Research in International Business and Finance, 69(October 2023), 102218. https://doi.org/10.1016/j.ribaf.2024.102218
Gallego-Losada, M. J., Montero-Navarro, A., García-Abajo, E., & Gallego-Losada, R. (2023). Digital financial inclusion: Visualizing the academic literature. Research in International Business and Finance, 64(July 2022), 101862. https://doi.org/10.1016/j.ribaf.2022.101862
Hair, J. F., Hult, T. M. G., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2021). An introduction to structural equation modeling: Partial least squares structural equation modeling with R. Practical Assessment, Research and Evaluation, 21, 1–29.
Hasan, M., Le, T., & Hoque, A. (2021). How does digital-based financial literacy impact inclusive finance? Financial Innovation, 7(1), 1–15. https://doi.org/10.1186/s40854-021-00259-9
Irna Triannur Lubis, Ningsi, E. H., Manurung, L., & Widodo, S. (2024). Digital financial management of MSMEs: The impact of financial literacy and financial technology. Atestasi: Jurnal Ilmiah Akuntansi, 7(2), 1164–1172.
Kartini, K., Pahlevi, R. W., & Rachmi, N. H. (2022). Mapping of digital-based financial literacy research: A bibliometric review. Jurnal Minds: Manajemen Ide dan Inspirasi, 9(1), 159–174.
Khan, F., Siddiqui, M. A., & Imtiaz, S. (2022). Role of digital-based financial literacy in achieving financial inclusion: A review, synthesis, and research agenda. Cogent Business & Management, 9(1), 1–23. https://doi.org/10.1080/23311975.2022.2034236
Koskelainen, T., Kalmi, P., Scornavacca, E., & Vartiainen, T. (2023). Digital-based financial literacy in the digital age: A research agenda. Journal of Consumer Affairs, 57(1), 507–528.
Kumar, P., Pillai, R., Kumar, N., & Tabash, M. I. (2023). The interplay of skills, digital-based financial literacy, capability, and autonomy in financial decision-making and well-being. Borsa Istanbul Review, 23(1), 169–183. https://doi.org/10.1016/j.bir.2022.09.012
Lubis, I. T., & Aristantya, S. (2024). Sustainable development through the implementation of green accounting and material flow cost accounting. Jurnal Mantik, 8(2), 1–12.
Lubis, I. T. (2023). Factors affecting good corporate governance at PT. Lotte Shopping Indonesia Center Point Medan. Enrichment: Journal of Management, 12(6). Retrieved from https://enrichment.iocspublisher.org/index.php/enrichment/article/view/1111
Nayebmohseni, S., Khalifehsultani, A., & Hejazi, R. (2021). Developing a behavioral model of individual investors’ decision-making in the Iranian capital market. Financial Research Journal, 23(4), 625–652. https://doi.org/10.22059/FRJ.2021.322133.1007171
Nuringsih, K., Maupa, H., & Patricia, V. (2023). Generating green entrepreneurial intention through environmental attitude. International Journal of Applied Economics and Business, 1(4), 2602–2612.
Prana Ugiana Gio, I. T. L., Wida Akasah, R. E., & Caraka, R. K. (2022). Partial least squares structural equation modeling (PLS-SEM) with WarpPLS software. Uwais Indonesian Inspiration.
Putri, R. E., Goso, G., Hamid, R. S., & Ukkas, I. (2022). The influence of digital-based financial literacy, financial inclusion, and digital-based financial inclusion on the financial performance of young entrepreneurs. Owner, 6(2), 1664–1676.
Rahayu, R., Ali, S., Aulia, A., & Hidayah, R. (2022). The current digital-based financial literacy and financial behavior in Indonesian millennial generation. Journal of Accounting and Investment, 23(1), 78–94.
Ramdani, B., Raja, S., & Kayumova, M. (2022). Digital innovation in SMEs: A systematic review, synthesis, and research agenda. Information Technology for Development, 28(1), 56–80. https://doi.org/10.1080/02681102.2021.1893148
Regif, S. Y., Seran, M. S., Naif, I. Y., Pattipeilohy, A., & Saputri, L. (2023). Green economy digital literacy towards empowering village MSMEs in Langkat Regency. Journal of Political Science and Government, 9(1), 49–69.
Sari, D. I. A., Rahayu, S., & Ridwan, M. (2023). The effect of digital-based financial literacy, financial inclusion, and digital-based financial inclusion on the financial performance of microbusiness (Case study of micro waqf bank customers at As’ad Islamic Boarding School, Jambi City). Indonesian Journal of Economics and Management Science, 1(3), 329–348.
Sehrawat, K., Vij, M., & Talan, G. (2021). Understanding the path toward financial well-being: Evidence from India. Frontiers in Psychology, 12. https://doi.org/10.3389/fpsyg.2021.735218
Supriadi, I., Maghfiroh, R. U., Abadi, R., & Yudowati, D. M. (2023). The role of Sharia financial innovation and literacy in improving the performance of MSME actors. Journal of Islamic Economics and Business Research, 3(2), 214–229.
Syahputra, O., & Siregar, F. A. H. (2022). The influence of implementing a sales accounting information system and the quality of accounting information on the effectiveness of internal control at PT. Pandu Siwi Sentosa (Logistics Guide). Jurnal Ilmiah Maxitek, 7(1), 1–8.
Veriwati, S., Relita, D. T., & Pelipa, E. D. (2021). The influence of digital-based financial literacy on the financial management capability behavior of economic education study program students. JURKAMI: Jurnal Ekonomi Educator, 6(1), 43–53.
Wahyudi, W., Tukan, B. A. P., & Pinem, D. (2020). Analysis of the effect of financial literacy, digital-based financial inclusion, income, and locus of control on lecturer financial behavior. AFEBI Business Manager Review, 5(1), 37.
Widyastuti, U., Respati, D. K., Dewi, V. I., & Soma, A. M. (2024). The nexus of digital financial inclusion, digital-based financial literacy, and demographic factors: Lessons from Indonesia. Cogent Business & Management, 11(1). https://doi.org/10.1080/23311975.2024.2322778