Open AccessFINANCIAL LITERACY AMONG SME’S IN MALAYSIA
Author(s) -
Omer Bin Thabet,
Atiqah Abd Manaf. Fazlin Ali,
Mazhar Hallak Kantakji
Publication year - 2019
Publication title -
humanities and social sciences reviews
Language(s) - English
Resource type - Journals
ISSN - 2395-6518
DOI - 10.18510/hssr.2019.7244
Subject(s) - financial literacy , business , literacy , marital status , small and medium sized enterprises , finance , economic growth , economics , sociology , demography , population
Purpose of Study: The objective of this study is to investigate the financial literacy among the SMEs in food and beverage sectors in Malaysia.
Methodology: Small and Medium Enterprises (SMEs) play an important role in countries’ economic growth. However, the failure rate among SMEs getting higher. The literature stipulated that the lack of financial literacy is one of the main reasons caused this failure.
Results: The results of 122 returned questionnaires shows that the socio-demographic factors such as age and marital status have influenced SME’s financial literacy. Moreover, the financial attitude and financial behavior found to be positively related to the financial literacy among the SMEs.