Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)

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

Authors
Lisa Marlina, Nisrul Irawati
Corresponding Author
Lisa Marlina
Available Online January 2018.
DOI
https://doi.org/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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Volume Title
Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)
Series
Advances in Economics, Business and Management Research
Publication Date
January 2018
ISBN
978-94-6252-470-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/ebic-17.2018.77How to use a DOI?
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/).

Cite this article

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  - https://doi.org/10.2991/ebic-17.2018.77
ID  - Marlina2018/01
ER  -