Co-Value : Jurnal Ekonomi, Koperasi & Kewirausahaan
Vol. 16 No. 1 (2025): Co-Value: Jurnal Ekonomi, Koperasi & Kewirausahaan

The Role of Financial Literacy in Improving the Performance of Food and Beverage MSMEs: A Case Study in Tanjung Redeb City, Berau Regency

Hasnawati, Hasnawati (Unknown)



Article Info

Publish Date
06 Jul 2025

Abstract

The impact of growth and development of MSMEs can affect performance. This research aims to investigate the influence of financial literacy and financial management on the performance of Micro, Small and Medium Enterprises (MSMEs) with a sample of 85 MSMEs in Tanjung Redeb City. The validity method used is Confirmatory Factor Analysis (CFA), while multiple regression analysis using Stata is used to test the research hypothesis. The research results show that financial literacy has a positive influence on MSME performance, while financial management does not support the hypothesis. The contribution of this research lies in an in-depth understanding of the factors that influence MSME performance, especially in the context of financial literacy and financial management. Practically, this research provides valuable insight for MSMEs and related parties to increase financial literacy in an effort to improve business performance. In addition, the findings of this research highlight the need for special attention in developing more effective financial management strategies for MSMEs so that they can have a significant positive impact on business growth and sustainability.

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Journal Info

Abbrev

covalue

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Co-Value : Jurnal Ekonomi, Koperasi & Kewirausahaan [p-ISSN 2086-3306 | e-ISSN 2809-8862] merupakan jurnal ilmiah berbentuk penelitian dan dapat diakses secara terbuka. Jurnal ini diterbitkan tiga kali dalam setahun oleh Program Studi Manajemen Institut Manajemen Koperasi Indonesia ...