The Influence of Financial Literacy on the Financial Performance of UMKM in Makassar City
DOI:
https://doi.org/10.59890/ijefbs.v4i5.52Keywords:
Financial Literacy, Financial Performance, UMKM, Financial ManagementAbstract
This study aims to analyze the influence of financial literacy on the financial performance of Micro, Small, and Medium Enterprises (UMKM) in Makassar City. The study employs a quantitative approach using a survey method, with a planned sample size of 400 MSME owners drawn from a population of 211,496 business units. Data analysis was conducted using descriptive statistics and simple linear regression. Based on the data analysis, a regression coefficient of 0.652 was obtained, with a significance value of 0.001, indicating a positive and significant influence. The coefficient of determination (R²) of 0.384 suggests that financial literacy accounts for 38.4% of the variation in UMKM financial performance, while the remaining 61.6% is explained by factors outside the research model. These findings require verification using data from actual respondents.
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