Impact of Financial Literacy and Education on SME’s Business Sustainability of Dili, Timor-Leste: The Role of Financial Behavior as Intervening
DOI:
https://doi.org/10.52909/jbemk.v4i2.177Keywords:
Financial literacy, Level of education, Financial behavior,, Business sustainabilityAbstract
Purpose: to find the impact of financial literacy and education on SME’s business sustainability of Dili, Timor-Leste and also to test the role of financial behavior as intervening Methods: this research is quantitative approach and using questionnaires to measure the responds of SME’s owners financial literacy, education, financial behavior and the sustainability of their business. There are 71 respondends and the data run using Partial Least Square (PLS) Results: Financial literacy does not directly affect business sustainability, otherwise must be through financial behavior. Education both direct and indirect does not affect on business sustainability. Implications: good literacy not instantly affect good business but also need good behavior. Education, in the other hand, proven not affect to business sustainability. So for supporting the existance of sme’s business, stakeholder should emphasize on the increasing of literacy and behavior.
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