Pipit Rosita Andarsari|Mega Noerman Ningtyas
The Role of Financial Literacy on Financial Behavior
Universitas Patria Artha|Universitas Patria Artha
number previous empirical studies found financially speaking literate people tends budgeting saving controlling expenses managing debt well participating stock market planning pension fund etc words higher individuals knowledge understanding financial concept likely behave financially well daily life financial literacy needed everyone including womenpreneur able manage personal finance also manage business finance financially literate people likely get access external funding develop business research aims examine role played financial literacy financial behavior womenpreneur malang financial literacy measured using 11 questions modified lusardi amp mitchell 2011 financial behavior measured using 8 questions taken infe sample 95 respondents female owners micro small medium enterprises malang data collected using questionnaire used partial least square smart pls 3 examine variables first bootstrapping process drop invalid indicators perform second bootstrapping result showed remaining indicators valid financial literacy found positive significant influence financial behavior