What is it about?
The study examined the level of small and medium enterprises (SMEs) business owners–managers’ financial literacy and its impact on firm’s performance.
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Why is it important?
The contribution of financial literacy has garnered increasing attention in both the developed and developing world as a driver of human development and emancipation. The complete effect of business owner–manager’s financial knowledge, awareness and attitude is important in converting financial literacy to increase the firm decision-making capacity.
Perspectives
For thriving business and entrepreneurship, it is necessary to have a favourable climate and environment which will enable that life and business people solve their problems, grow and advance further. This necessarily poses the question whether the higher level of financial intelligence and knowledge significantly prevents demise and closure of SMEs or makes successful companies even more successful. This support the
Dr Anthony Abiodun Eniola
Universiti Malaysia Sarawak
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This page is a summary of: SME Managers and Financial Literacy, Global Business Review, April 2017, SAGE Publications,
DOI: 10.1177/0972150917692063.
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