The Influences of Demographic Characteristics on the Financial Literacy of Small and Medium Enterprises in Medan

DOI

10.2991/aebmr.k.200305.050How to use a DOI?

Keywords

financial literacy, demography, gender, age, duration of business and education

Abstract

This research was conducted in Medan SMEs totaling 105 respondents in 21 districts. This study examines the comparative level of financial literacy of SMEs Medan seen from the demographic ie gender, age, duration of effort and education. To sexes divided into 2 groups: male and female. For the age of the respondents is divided into 4 groups: <25 years; > 25-40 years; > 40-55 years and> 55 years. For a long effort of respondents divided into 4 groups, namely <3 years; 35 years old; > 5-10 years; and> 10 years. For the study were divided into 3 groups: junior high school, and University. Data was collected by the survey and in-depth interviews with SMEs. This study used a questionnaire financial literacy ordinal scale (True / False and Yes / No) that is standard questionnaire adapted from the OECD Report On Adult Financial Literacy in G20 Countries, 2017. The financial literacy indicator used is the financial knowledge, financial behavior and financial attitude. Data analysis techniques in this study using a non-parametric statistical approach Kruskal Wallis test and the Mann Whitney U test. The results of this study explain that in general the gender, age and education had no impact significant differences in the level of financial literacy SMEs Medan. While long business has an impact significant on differences in the level of financial literacy SMEs Medan. For that is expected for each university is able to improve the financial literacy of students, not only concentrated on the students of the faculty of economics, but on the other majors too.

Copyright

© 2020, 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  - Choms Gary GT Sibarani
AU  - Nelly Armayanti
AU  - Irwansyah
AU  - Joko Suharianto
PY  - 2020
DA  - 2020/03/10
TI  - The Influences of Demographic Characteristics on the Financial Literacy of Small and Medium Enterprises in Medan
BT  - Proceedings of the 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019)
PB  - Atlantis Press
SP  - 42
EP  - 49
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200305.050
DO  - 10.2991/aebmr.k.200305.050
ID  - Sibarani2020
ER  -