ENHANCING THE PERSONAL FINANCIAL MANAGEMENT PRACTICES OF SMES BY EXAMINING FINANCIAL ATTITUDE, LITERACY, AND KNOWLEDGE: A STUDY FOCUSED ON SMES IN CENTRAL JAVA

Adhi Widyakto; Susanto Susanto; Sugeng Rianto; Muhammad Hakimi

doi:10.14710/jsmo.v23i1.76250

DOI: https://doi.org/10.14710/jsmo.v23i1.76250

ENHANCING THE PERSONAL FINANCIAL MANAGEMENT PRACTICES OF SMES BY EXAMINING FINANCIAL ATTITUDE, LITERACY, AND KNOWLEDGE: A STUDY FOCUSED ON SMES IN CENTRAL JAVA

Adhi Widyakto¹

, Susanto Susanto¹

, Sugeng Rianto¹

, Muhammad Hakimi²

¹Department of Management, Faculty of Economics, University of Semarang, Indonesia

²Faculty of Economics & Management Universiti Kebangsaan Malaysia, Malaysia

BibTex Citation Data :

@article{JSMO76250,
    author = {Adhi Widyakto and Susanto Susanto and Sugeng Rianto and Muhammad Hakimi},
    title = {ENHANCING THE PERSONAL FINANCIAL MANAGEMENT PRACTICES OF SMES BY EXAMINING FINANCIAL ATTITUDE, LITERACY, AND KNOWLEDGE: A STUDY FOCUSED ON SMES IN CENTRAL JAVA},
    journal = {JURNAL STUDI MANAJEMEN ORGANISASI},
  volume = {23},
    number = {1},
    year = {2026},
    keywords = {Financial Attitude, Financial Literacy, Financial Knowledge, Personal Financial Management Behavior, and Locus of Control.},
    abstract = {  This study aims to enhance the Personal Financial Management Practices Of SMEs by Examining Financial Attitude, Literacy, And Knowledge: A Study Focused On SMEs in Central Java. The respondents were MSME actors in the food and beverage sector in Central Java District, with a sample size of 70 MSMEs. The study employed purposive sampling, and data analysis was conducted using SmartPLS version 4.0. The research results indicate that financial attitude significantly and positively affects the locus of control; financial literacy has a negative but significant impact on the locus of control; financial knowledge significantly and positively influences the locus of control. Additionally, financial attitude has a significant positive effect on personal financial management behavior, whereas financial literacy has a negative and insignificant effect. Financial knowledge strongly influences personal financial management behavior positively and significantly. The locus of control also has a significant positive impact on personal financial management behavior. Furthermore, financial attitude influences personal management behavior positively through the locus of control as an intervening variable. Conversely, financial literacy shows a negative effect, while financial knowledge exhibits a positive and significant impact on personal financial management behavior.  },
   pages = {1--20}  doi = {10.14710/jsmo.v23i1.76250},
    url = {https://ejournal.undip.ac.id/index.php/smo/article/view/76250}
}

Citation Format:

Abstract

This study aims to enhance the Personal Financial Management Practices Of SMEs by Examining Financial Attitude, Literacy, And Knowledge: A Study Focused On SMEs in Central Java. The respondents were MSME actors in the food and beverage sector in Central Java District, with a sample size of 70 MSMEs. The study employed purposive sampling, and data analysis was conducted using SmartPLS version 4.0. The research results indicate that financial attitude significantly and positively affects the locus of control; financial literacy has a negative but significant impact on the locus of control; financial knowledge significantly and positively influences the locus of control. Additionally, financial attitude has a significant positive effect on personal financial management behavior, whereas financial literacy has a negative and insignificant effect. Financial knowledge strongly influences personal financial management behavior positively and significantly. The locus of control also has a significant positive impact on personal financial management behavior. Furthermore, financial attitude influences personal management behavior positively through the locus of control as an intervening variable. Conversely, financial literacy shows a negative effect, while financial knowledge exhibits a positive and significant impact on personal financial management behavior.

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Keywords: Financial Attitude, Financial Literacy, Financial Knowledge, Personal Financial Management Behavior, and Locus of Control.

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Section: Articles

Language : EN

In Vol 23, No 1 (2026): 2026

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