Do demographic characteristics influence the financial literacy of microentrepreneurs?

Q2 Business, Management and Accounting

Global Business and Organizational Excellence Pub Date : 2024-05-28 DOI:10.1002/joe.22265

Manisha Goyal, Renu Aggarwal, Savita Bhagat

{"title":"Do demographic characteristics influence the financial literacy of microentrepreneurs?","authors":"Manisha Goyal, Renu Aggarwal, Savita Bhagat","doi":"10.1002/joe.22265","DOIUrl":null,"url":null,"abstract":"<p>Financial literacy is crucial to the growth and development of any enterprise. This study investigates the impact of microentrepreneurs’ demographic characteristics on financial literacy by breaking it down into three components: financial knowledge, financial behavior, and financial attitude. The study data were collected from 132 microentrepreneurs through a survey questionnaire using a snowball sampling technique. An ordinary least square regression was used to analyze how entrepreneurs’ demographic characteristics are related to financial knowledge, financial behavior, financial attitude, and financial literacy. The study revealed that being male, having higher education and more experience, and operating in urban areas have a significant impact on financial literacy and its three components. However, age was found to have no significant impact on financial literacy. This study will help in designing targeted strategies and specialized programs for entrepreneurs looking at the significant impact of their diverse characteristics on financial literacy.</p>","PeriodicalId":35064,"journal":{"name":"Global Business and Organizational Excellence","volume":"44 1","pages":"32-46"},"PeriodicalIF":0.0000,"publicationDate":"2024-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Business and Organizational Excellence","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/joe.22265","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Business, Management and Accounting","Score":null,"Total":0}

引用次数: 0

Abstract

Financial literacy is crucial to the growth and development of any enterprise. This study investigates the impact of microentrepreneurs’ demographic characteristics on financial literacy by breaking it down into three components: financial knowledge, financial behavior, and financial attitude. The study data were collected from 132 microentrepreneurs through a survey questionnaire using a snowball sampling technique. An ordinary least square regression was used to analyze how entrepreneurs’ demographic characteristics are related to financial knowledge, financial behavior, financial attitude, and financial literacy. The study revealed that being male, having higher education and more experience, and operating in urban areas have a significant impact on financial literacy and its three components. However, age was found to have no significant impact on financial literacy. This study will help in designing targeted strategies and specialized programs for entrepreneurs looking at the significant impact of their diverse characteristics on financial literacy.

查看原文本刊更多论文

人口特征是否影响微型企业主的金融知识？

金融知识对任何企业的成长和发展都至关重要。本研究通过将金融知识、金融行为和金融态度三个部分进行细分，探讨微型企业创业者的人口特征对金融素养的影响。本研究采用滚雪球式抽样技术，通过调查问卷从 132 名微型企业家中收集数据。研究采用普通最小二乘法回归分析创业者的人口统计学特征与金融知识、金融行为、金融态度和金融素养的关系。研究显示，男性、高学历、经验丰富、在城市地区经营对金融知识及其三个组成部分有显著影响。然而，研究发现年龄对金融素养没有显著影响。这项研究将有助于为企业家设计有针对性的战略和专门计划，研究企业家的不同特征对金融素养的重要影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Global Business and Organizational Excellence Business, Management and Accounting-Business and International Management

CiteScore

7.70

自引率

0.00%

发文量

期刊介绍： For leaders and managers in an increasingly globalized world, Global Business and Organizational Excellence (GBOE) offers first-hand case studies of best practices of people in organizations meeting varied challenges of competitiveness, as well as perspectives on strategies, techniques, and knowledge that help such people lead their organizations to excel. GBOE provides its readers with unique insights into how organizations are achieving competitive advantage through transformational leadership--at the top, and in various functions that make up the whole. The focus is always on the people -- how to coordinate, communicate among, organize, reward, teach, learn from, and inspire people who make the important things happen.