Proceedings of the International Conference on Language, Education, and Social Science (ICLESS 2022)

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Confirmatory Factor Analysis of Self-efficacy and Financial Attitudes to Improve the Financial Well-Being of MSMEs

Authors
Puji Handayati1, *, Nurika Restuningdyah1, Ratnawati2, Meldona2
1Faculty of Economics and Business, State University of Malang, Malang, Indonesia
2Doctoral Program in Management, State University of Malang, Malang, Indonesia
*Corresponding author. Email: puji.handayati.fe@um.ac.id
Corresponding Author
Puji Handayati
Available Online 16 November 2022.
DOI
10.2991/978-2-494069-15-2_30How to use a DOI?
Keywords
Self effication; financial attitude; financial well-being
Abstract

Micro, Small, and Medium Enterprises (MSMEs) had a significant role to the Indonesian economy. The existence of MSMEs is believed to be able to contribute to efforts to alleviate poverty through job creation. In the financial sector, MSMEs are said to be successful and achieve happiness if they have achieved financial well-being. When MSME actors have self-efficacy and a positive financial attitude, financial well-being is considered high. This study aims to analyze the confirmatory factors of self-efficacy and financial attitudes to improve financial well-being. The study examined data using confirmed factor analysis (CFA) techniques with Structural Equation Modeling (SEM) software. Considering the findings of the examination of confirmatory factors, it is concluded that confidence in financial planning is the indicator that is believed to have the strongest or largest influence on the formation financial self-efficacy. Financial security is the indicator that is determined to have the strongest or largest gift to create a financial attitude, and money saved is the indicator that is considered to have the largest contribution or the strongest form of financial well-being.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Language, Education, and Social Science (ICLESS 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
16 November 2022
ISBN
10.2991/978-2-494069-15-2_30
ISSN
2352-5398
DOI
10.2991/978-2-494069-15-2_30How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Puji Handayati
AU  - Nurika Restuningdyah
AU  - Ratnawati
AU  - Meldona
PY  - 2022
DA  - 2022/11/16
TI  - Confirmatory Factor Analysis of Self-efficacy and Financial Attitudes to Improve the Financial Well-Being of MSMEs
BT  - Proceedings of the International Conference on Language, Education, and Social Science (ICLESS 2022)
PB  - Atlantis Press
SP  - 280
EP  - 287
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-15-2_30
DO  - 10.2991/978-2-494069-15-2_30
ID  - Handayati2022
ER  -