Financial Literacy Of Sme's In Medan City: A Descriptive Analysis

DOI

10.2991/ebic-17.2018.77How to use a DOI?

Keywords

financial literacy; SME's; Self-Assesssment.

Abstract

There are a huge number of workers in Indonesia's SME sector almost 98% but this SME's sector give an enormous amount of contribution to Gross Domestic Product. On the contrary, SME's sector still has a low level of productivity and business performance. In order to perform well in business, every business should have a good management decision making. One of the important decision making in business is financial decision making which include the financial literacy. So this is the main objective of this study that is to measure SME's financial literacy based on questionnaire and self assessment. Data was collected using structured questionnaires from previous studied distributed to 60 SME's in Medan City. The research's finding is indicative of SME's financial literacy in a very low level of financial literacy. In addition, based on SME's self-assessment test of financial literacy only a few of SME's able to assess themselves fairly and most of SME's are overestimate about their financial literacy.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lisa Marlina
AU  - Nisrul Irawati
PY  - 2018/01
DA  - 2018/01
TI  - Financial Literacy Of Sme's In Medan City: A Descriptive Analysis
BT  - Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)
PB  - Atlantis Press
SP  - 493
EP  - 496
SN  - 2352-5428
UR  - https://doi.org/10.2991/ebic-17.2018.77
DO  - 10.2991/ebic-17.2018.77
ID  - Marlina2018/01
ER  -