Financial Literacy on Millenial Entrepeneurs during Pandemic Covid-19
As one of the drivers of economic success and societal welfare in Indonesia, financial literacy is a must for young entrepreneurs today. The study attempts to evaluate Millennial entrepreneurs financial literacy and financial well-being conditions while several PPKM (Restrictions on Community Activi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Prasetiya Mulya Publishing
2022-11-01
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| Series: | International Research Journal of Business Studies |
| Subjects: | |
| Online Access: | https://irjbs.com/index.php/jurnalirjbs/article/view/2704 |
| _version_ | 1797679222251061248 |
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| author | Sita Deliyana Firmialy Agus Maolana Hidayat |
| author_facet | Sita Deliyana Firmialy Agus Maolana Hidayat |
| author_sort | Sita Deliyana Firmialy |
| collection | DOAJ |
| description | As one of the drivers of economic success and societal welfare in Indonesia, financial literacy is a must for young entrepreneurs today. The study attempts to evaluate Millennial entrepreneurs financial literacy and financial well-being conditions while several PPKM (Restrictions on Community Activities) during Pandemic Covid-19 are in effect. Between mid-October 2021 and early January 2022, the survey used 100 young entrepreneurs aged 21-40 in West Java Province, Indonesia as samples. The hypotheses testing results from Exploratory Factor Analysis (EFA) and Structural Equation Model (SEM) methods show a consistent association between the main components of financial literacy with the level of financial well-being, with insurance and personal savings and loans becoming the dominant predictor affected financial knowledge, followed with security that serves as main determinant that affected the level of financial attitude of these millennial entrepreneurs. However, this study has limitations as the sample and number of experimental parameters are small. |
| first_indexed | 2024-03-11T23:11:22Z |
| format | Article |
| id | doaj.art-42a29bed1d37411abe6b81a8cbf28d37 |
| institution | Directory Open Access Journal |
| issn | 2089-6271 2338-4565 |
| language | English |
| last_indexed | 2024-03-11T23:11:22Z |
| publishDate | 2022-11-01 |
| publisher | Prasetiya Mulya Publishing |
| record_format | Article |
| series | International Research Journal of Business Studies |
| spelling | doaj.art-42a29bed1d37411abe6b81a8cbf28d372023-09-21T07:58:50ZengPrasetiya Mulya PublishingInternational Research Journal of Business Studies2089-62712338-45652022-11-0115211111910.21632/irjbs.15.2.111-119287Financial Literacy on Millenial Entrepeneurs during Pandemic Covid-19Sita Deliyana Firmialy0Agus Maolana Hidayat1Business Administration Program Faculty of Communication and Business Telkom University, Jl. Telekomunikasi Terusan Buah Batu Indonesia 40257, Bandung, IndonesiaBusiness Administration Program Faculty of Communication and Business Telkom University, Jl. Telekomunikasi Terusan Buah Batu Indonesia 40257, Bandung, IndonesiaAs one of the drivers of economic success and societal welfare in Indonesia, financial literacy is a must for young entrepreneurs today. The study attempts to evaluate Millennial entrepreneurs financial literacy and financial well-being conditions while several PPKM (Restrictions on Community Activities) during Pandemic Covid-19 are in effect. Between mid-October 2021 and early January 2022, the survey used 100 young entrepreneurs aged 21-40 in West Java Province, Indonesia as samples. The hypotheses testing results from Exploratory Factor Analysis (EFA) and Structural Equation Model (SEM) methods show a consistent association between the main components of financial literacy with the level of financial well-being, with insurance and personal savings and loans becoming the dominant predictor affected financial knowledge, followed with security that serves as main determinant that affected the level of financial attitude of these millennial entrepreneurs. However, this study has limitations as the sample and number of experimental parameters are small.https://irjbs.com/index.php/jurnalirjbs/article/view/2704financial literacymillenial entrepreneursfinancial well-beingpandemic covid-19indonesia |
| spellingShingle | Sita Deliyana Firmialy Agus Maolana Hidayat Financial Literacy on Millenial Entrepeneurs during Pandemic Covid-19 International Research Journal of Business Studies financial literacy millenial entrepreneurs financial well-being pandemic covid-19 indonesia |
| title | Financial Literacy on Millenial Entrepeneurs during Pandemic Covid-19 |
| title_full | Financial Literacy on Millenial Entrepeneurs during Pandemic Covid-19 |
| title_fullStr | Financial Literacy on Millenial Entrepeneurs during Pandemic Covid-19 |
| title_full_unstemmed | Financial Literacy on Millenial Entrepeneurs during Pandemic Covid-19 |
| title_short | Financial Literacy on Millenial Entrepeneurs during Pandemic Covid-19 |
| title_sort | financial literacy on millenial entrepeneurs during pandemic covid 19 |
| topic | financial literacy millenial entrepreneurs financial well-being pandemic covid-19 indonesia |
| url | https://irjbs.com/index.php/jurnalirjbs/article/view/2704 |
| work_keys_str_mv | AT sitadeliyanafirmialy financialliteracyonmillenialentrepeneursduringpandemiccovid19 AT agusmaolanahidayat financialliteracyonmillenialentrepeneursduringpandemiccovid19 |