Development Of Financial Literacy And Fintech Adoption On Women Smes Business Performance In Indonesia

Kurniasari, Florentina and Lestari, Elissa Dwi (2024) Development Of Financial Literacy And Fintech Adoption On Women Smes Business Performance In Indonesia. Eastern-European Journal of Enterprise Technologies, 13 (131). pp. 67-75. ISSN 1729-3774

Text 312613-Article_Text-727905-1-10-20241031.pdf Download (802kB)

Abstract

Women-owned small businesses are crucial to the Indonesian economy. Despite this contribution, women entrepreneurs face many challenges when building their businesses, especially get- ting business loans. Women entrepreneurs adopt less technology and have less financial expertise than men. This study aims to determine financial literacy factors affecting women SMEs’ busi- ness success and the extent of financial technology (FinTech) use as an alternative funding source to formal financial institutions. The study examines FinTech adoption using the Unified Theory of Acceptance and Use of Technology (UTAUT Theory). This study also examines how FinTech adoption mediates the indi- rect effect of financial literacy on SME business performance. The study uses a quantitative research approach using a judg- mental sample of 270 women entrepreneurs who have previously used FinTech. The data is analyzed with SEM-PLS. According to the study, effort expectancy, performance expectancy, and social influence all have a beneficial impact on FinTech adoption among women-owned small businesses. The survey found that FinTech adoption was a key factor influencing women SMEs’ business performance. The findings also indicate that financial literacy has a beneficial effect on business success. The study reveals FinTech adoption as a mediating factor in the associa- tion between financial literacy and SMEs business success. As a result, our findings contribute to a better understanding of how digital technology adoption affects SMEs’ performance and long- term sustainability. The findings offer insights for entrepreneurs, policymakers, and company owners looking to enhance the sur- vival rate of SMEs by improving operations and harnessing dig- ital technology to promote capital accessibility, FinTech adop- tion, and financial literacy

Item Type:	Article
Keywords:	UTAUT Theory, financial literacy, FinTech adop- tion, business performance
Subjects:	300 Social Sciences > 330 Economics > 338 Production (Agriculture, Business Enterprise, Extraction of Minerals, General Production) > 338.04 Entrepreneurship 600 Technology (Applied Sciences) > 650 Management and Public Relations > 658 General management (Risk Management, Profit and Loss, Logistics) > 658.1 Organizations > 658.15 Financial Management
Divisions:	Faculty of Business > Management
Depositing User:	Administrator UMN Library
Date Deposited:	09 Jan 2025 02:44
Last Modified:	09 Jan 2025 02:44
URI:	https://kc.umn.ac.id/id/eprint/35483

Actions (login required)

View Item