Portrait of MSMEs‘ Islamic Financial Literacy and The Impact on Business Development
MSMEs are part of the supporting aspects of the country's economy. However, the competitiveness of MSMEs in Indonesia towards the global economy still tends to be low when compared to other ASEAN countries. This is caused by low levels of education and expertise, difficulties in obtaining licen...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Muhammadiyah Yogyakarta
2022-07-01
|
| Series: | Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies |
| Subjects: | |
| Online Access: | https://journal.umy.ac.id/index.php/afkaruna/article/view/12991 |
| _version_ | 1811183443769294848 |
|---|---|
| author | Aqidah Asri Suwarsi Aninta Gina Sharfina Anisatun Anggraeni |
| author_facet | Aqidah Asri Suwarsi Aninta Gina Sharfina Anisatun Anggraeni |
| author_sort | Aqidah Asri Suwarsi |
| collection | DOAJ |
| description | MSMEs are part of the supporting aspects of the country's economy. However, the competitiveness of MSMEs in Indonesia towards the global economy still tends to be low when compared to other ASEAN countries. This is caused by low levels of education and expertise, difficulties in obtaining licensing for MSMEs, lack of access to capital, and lack of infrastructure support. One aspect that should not be missed from the field of education and expertise is the level of public financial literacy. The purpose of this study is not only to analyze and classify the level of financial literacy of MSMEs but also to examine the impact of literacy levels on the development of MSMEs. This research approach is descriptive quantitative with a sample size of 1392, obtained by using cluster random sampling technique in Special Region of Yogyakarta (DIY). The results of the study show that the financial literacy of MSMEs in DIY is Less Literate. The effect on the business developing had a positive and significant influence amounted to 36.1%. With this finding, it is expected to be an input for regulators in the framework of planning and implementing policies related to Islamic financial literacy. |
| first_indexed | 2024-04-11T09:46:09Z |
| format | Article |
| id | doaj.art-30e71e5e9b3d400b82b77e3c39c0c040 |
| institution | Directory Open Access Journal |
| issn | 2599-0551 2599-0586 |
| language | English |
| last_indexed | 2024-04-11T09:46:09Z |
| publishDate | 2022-07-01 |
| publisher | Universitas Muhammadiyah Yogyakarta |
| record_format | Article |
| series | Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies |
| spelling | doaj.art-30e71e5e9b3d400b82b77e3c39c0c0402022-12-22T04:30:57ZengUniversitas Muhammadiyah YogyakartaAfkaruna: Indonesian Interdisciplinary Journal of Islamic Studies2599-05512599-05862022-07-0118120723310.18196/afkaruna.v18i1.129916018Portrait of MSMEs‘ Islamic Financial Literacy and The Impact on Business DevelopmentAqidah Asri Suwarsi0Aninta Gina Sharfina1Anisatun Anggraeni2University Muhammadiyah YogyakartaUniversity Muhammadiyah YogyakartaUniversity Muhammadiyah YogyakartaMSMEs are part of the supporting aspects of the country's economy. However, the competitiveness of MSMEs in Indonesia towards the global economy still tends to be low when compared to other ASEAN countries. This is caused by low levels of education and expertise, difficulties in obtaining licensing for MSMEs, lack of access to capital, and lack of infrastructure support. One aspect that should not be missed from the field of education and expertise is the level of public financial literacy. The purpose of this study is not only to analyze and classify the level of financial literacy of MSMEs but also to examine the impact of literacy levels on the development of MSMEs. This research approach is descriptive quantitative with a sample size of 1392, obtained by using cluster random sampling technique in Special Region of Yogyakarta (DIY). The results of the study show that the financial literacy of MSMEs in DIY is Less Literate. The effect on the business developing had a positive and significant influence amounted to 36.1%. With this finding, it is expected to be an input for regulators in the framework of planning and implementing policies related to Islamic financial literacy.https://journal.umy.ac.id/index.php/afkaruna/article/view/12991business developmentislamic financial literacymicrosmall and medium enterprisesfinancial literacy indexyogyakarta. |
| spellingShingle | Aqidah Asri Suwarsi Aninta Gina Sharfina Anisatun Anggraeni Portrait of MSMEs‘ Islamic Financial Literacy and The Impact on Business Development Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies business development islamic financial literacy micro small and medium enterprises financial literacy index yogyakarta. |
| title | Portrait of MSMEs‘ Islamic Financial Literacy and The Impact on Business Development |
| title_full | Portrait of MSMEs‘ Islamic Financial Literacy and The Impact on Business Development |
| title_fullStr | Portrait of MSMEs‘ Islamic Financial Literacy and The Impact on Business Development |
| title_full_unstemmed | Portrait of MSMEs‘ Islamic Financial Literacy and The Impact on Business Development |
| title_short | Portrait of MSMEs‘ Islamic Financial Literacy and The Impact on Business Development |
| title_sort | portrait of msmes islamic financial literacy and the impact on business development |
| topic | business development islamic financial literacy micro small and medium enterprises financial literacy index yogyakarta. |
| url | https://journal.umy.ac.id/index.php/afkaruna/article/view/12991 |
| work_keys_str_mv | AT aqidahasrisuwarsi portraitofmsmesislamicfinancialliteracyandtheimpactonbusinessdevelopment AT anintaginasharfina portraitofmsmesislamicfinancialliteracyandtheimpactonbusinessdevelopment AT anisatunanggraeni portraitofmsmesislamicfinancialliteracyandtheimpactonbusinessdevelopment |