Pengaruh Literasi Keuangan terhadap Pengelolaan Keuangan UMKM di Waduk Antang

Abstract

This study aims to analyze the effect of financial literacy on the financial management of Micro, Small, and Medium Enterprises (MSMEs). Financial literacy is an important aspect that can help MSMEs manage financial resources effectively and efficiently. This study uses a quantitative approach with a simple linear regression analysis method. Data were collected through questionnaires distributed to 64 MSMEs, then analyzed using SPSS version 23.  The results of the study showed that financial literacy had a positive and significant effect on the financial management of MSMEs, with a regression coefficient value of 0.790 and a significance value of 0.000 (<0.05). This finding indicates that the higher the financial literacy of MSMEs, the better the financial management of their businesses. Therefore, increasing financial literacy is a strategic step that needs to be pursued by various parties, including the government and related institutions, in order to support the growth and sustainability of MSMEs in the future.