Ilomata International Journal of Management
Vol. 7 No. 2 (2026): April 2026

Financial Literacy in MSMEs: Evidence from Creative Economy Entrepreneurs in Jakarta

Gunawan, Aristo Surya (Unknown)
Cahayani, Ati (Unknown)



Article Info

Publish Date
27 Apr 2026

Abstract

There is a phenomenon that Micro, Small, and Medium Enterprises (MSMEs) difficult to grow and face bankruptcy might due to lack of financial knowledge. Financial literacy is crucial for MSMEs which it serves as a foundation that enables MSMEs entrepreneurs to manage their financial resources more effectively, which ultimately contributes to the sustainable growth of their businesses. This study aims is to identify a descriptive overview the level of financial literacy among creative economy MSME entrepreneurs in Jakarta. This research using a descriptive quantitative data analysis. Quantitative data were collected through the distribution of questionnaires to 70 respondents. The quantitative data analysis using the overall mean score technique. The findings indicate that the respondents demonstrate positive level of financial literacy with all dimensions tested under “agree”, particularly in awareness of value for money, financial discipline, planning and preparedness. However, respondents’ financial literacy remains at basic stage, and still limited in more advanced financial instruments and capital market activities.

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Journal Info

Abbrev

ijjm

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Ilomata International Journal of Management With ISSN : 2714-8963 (Online) - 2714-8971 (Print) is published by Yayasan Ilomata, committed to publishing scholarly empirical and theoretical research articles, that have a high impact on the management field as a whole. The journal encourages new ideas ...