Journal of Finance and Islamic Banking
Full Lenght Article
Determinant Factors of Digital Financial Literacy: A Study of Women Entrepreneurs
Abstract
Micro, Small, and Medium Enterprises contribute to 61% of economic growth in Indonesia. The financial gap in MSMEs financing is based on data from the Ministry of Cooperatives and MSMEs. Women comprised the majority of MSMEs (61.8%). There were 38.03% literacy problems and 76.19% inclusion criteria. This study investigated the digital financial literacy of female entrepreneurs in Central Java. A survey method was used in this study with 100 women entrepreneurs. Digital Financial Literacy is identified in the three OECD components: Digital Financial Knowledge, Digital Financial Behavior, and Digital Financial Attitudes. The results of this study indicate that the average respondent had sufficient knowledge of digital finance. Limited knowledge of insurance services and capital markets. Meanwhile, the digital financial behavior and attitude components show that digital security protection measures are still low. It is hoped that digital financial literacy can support female entrepreneurs in developing their businesses.
Keywords
Declarations
Publisher's Note
Universitas Islam Negeri Raden Mas Said Surakarta remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.
References
Azeez, N. P. A., & Akhtar, S. M. J. (2021). Digital Financial Literacy and Its Determinants: An Empirical Evidences from Rural India. South Asian Journal of Social Studies and Economics, 11(2), 8–22.
BI. (2022). Laporan Perekonomian Provinsi Jawa Tengah Mei 2022. In Bank Indonesia. www.bi.go.id
BPS. (2021). Laporan Bulanan Data Sosial Ekonomi Februari 2021.
BPS. (2022). Pertumbuhan Ekonomi Indonesia Triwulan I-2022. In Berita Resmi Statistik No.34/05/Th.XXV.
Chaulagain, R. P. (2018). Contribution of Financial Literacy to Behaviour. Journal of Economics and Behavioural Studies, 7(6).
Garg, N., & Singh, S. (2018). Financial Literacy among Youth. International Journal of Social Economics, 45(1).
Goyal, K., & Kumar, S. (2020). Financial Literacy: A Systematic Review and Bibliometric Analysis. International Journal of Consumer Studies, 45(1).
Hayati, A. F., & Syofyan, R. (2021). Analysis of Student Digital Financial Literacy in the Era of Industrial Revolution 4 . 0. In Proceedings of the Seventh Padang International Conference on Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2021) (Vol. 192, pp. 180–184).
Liu, G., Huang, Y., & Huang, Z. (2021). Determinants and Mechanisms of Digital Financial Inclusion Development : Based on Urban-Rural Differences. Agronomy MDPI, 11(1833), 1–22.
Lusardi, A. (2019). Financial Literacy and The need for Finance Education: Evidence and Implications. Swiss Journal of Economics and Statistics, 1.
Lyons, A. C., & Kass‐Hanna, J. (2021). A Methodological Overview to Defining and Measuring “Digital” Financial Literacy. Financial Planning Review, 4(2), 1–19.
Morgan, P., Huang, B., & Trinh, L. (2019). The Need to Promote Digital Financial Literacy for the Digital Age. Think 20 Japan 2019.
Nurdin, I., & Hartati, S. (2019). Metodologi Penelitian Sosial. Media Sahabat Cendekia.
OECD. (2022). OECD/ INFE Toolkit for Measuring Financial Literacy and Financial Inclusion 2022.
Oggero, N., Rossi, M. C., & Ughetto, E. (2019). Entrepreneurial Spirits in Women and Men. The Role of Financial Literacy and Digital Skills. Small Business Economics, 55(2).
OJK. (2020). Survei Nasional Literasi dan Inklusi Keuangan 2019.
Ponchio, M. C., Cordeiro, R. A., & Goncalves, V. N. (2019). Personal Factors as Antecedent of Perc
Prasad, H., Meghwal, D., & Dayama, V. (2018). Digital Financial Literacy: A Study of Households of Udaipur. The Journal of Business and Management, 5(I), 23–32.
Prete, A. Lo. (2021). Digital and Financial Literacy as Determinants of Digital Payments and Personal Finance. SSRN Electronic Journal.
Salignac, F., Marjolin, A., Reeve, R., & Muir, K. (2019). Conceptualizing and Measuring Financial Resilience: A Multidimensional Framework. Social Indicators Research, 145, 17–38.
Santini, F. D. O., Ladeira, W. J., Mette, F. M. B., & Ponchio, M. C. (2019). The Antecedents and Consequences of Financial Literacy: A Meta-Analysis. International Journal of Bank Marketing, 37(6).
Sekaran, U. (2006). Metodologi Penelitian untuk Bisnis (4th ed.). Salemba Empat.
Sugiyono. (2013). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Alfabeta.
Yang, J., Wu, Y., & Huang, B. (2020). Digital Finance and Financial Literacy: An Empirical Investigation of Chinese Households.
Copyright and permissions
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Bibliographic Information
