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The Effect of Financial Literacy, Access to Capital, Entrepreneurial Orientation, and Market Orientation on the Growth and Sustainability of Micro and Small Enterprises in Palembang

Year: 2024

Type: article

Abstract: This study examines the impact of financial literacy, capital accessibility, entrepreneurial orientation, and market orientation on the growth and sustainability of Micro and Small Enterprises (MSEs) in Palembang. Using quantitative analysis on a sample of 170 MSEs and Structural Equation Modeling - Partial Least Squares (SEM-PLS), the results show that these factors significantly influence the success of MSEs. Financial literacy enhances entrepreneurial thinking and market orientation, while access to capital supports both. This study highlights the importance of improving financial knowledge, increasing access to funding, and adapting to market conditions to foster MSE growth. These insights are valuable for policymakers, financial institutions, and businesses.

Source: The Es Economics and Entrepreneurship

DOI: 10.58812/esee.v3i02.376

Authors: Zulfadhli Zulfadhli, Desfitrina Desfitrina, Jamilah Pramajaya

Institution: Tamansiswa Palembang University

Language: English

Topic: Financial Literacy and Behavior

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4406301022

FWCI: 1.019

Cites:

Cited by: 1

Related to: 10