International Journal on Social Science, Economics and Art
Vol. 12 No. 2 (2022): August: Social Science, Economics and Art

Social capital-based financial literacy to improve business performance: a narrative review

Made Ary Meitriana (Universitas Udayana)
Ni Nyoman Yuliarmi (Universitas Udayana)
Made Suyana Utama (Universitas Udayana)
Anak Agung Istri Ngurah Marhaeni (Universitas Udayana)



Article Info

Publish Date
30 Aug 2022

Abstract

MSMEs typically do not comprehend the financial products provided by financial institutions. This harms corporate performance. This study's objective is to examine the role of financial literacy based on social capital, the function of financial literacy in the business performance of MSMEs, and the impact of social capital in enhancing business performance. The Scale guides the writing of narrative reviews for the Assessment of Narrative Review Articles. The article's notability is determined independently by examining the title and abstract. Articles were searched using the databases of Google Scholars, Science Direct, Emerald, Taylor Francis, and SciFinder with the keywords' financial literacy', 'social capital,' 'business performance,' 'MSMEs,' 'microenterprises,' 'finance,' and 'civic organizations. The results show that high financial iterations both help entrepreneurs in making financial decisions well and have a positive effect on business performance. If MSME owners are 'blind' to the organization's finances, insufficient financial knowledge will have implications for a decrease in the ability to compete, loss of access to financing sources, and failure of MSMEs. A high level of social capital can make it easier for people to work together in related fields and help the MSME sector and business performance.

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Journal Info

Abbrev

ijosea

Publisher

Subject

Religion Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice

Description

International Journal on Social Science, Economics and Art is an open access, peer-reviewed and refereed journal published by Institute of Computer Science (IOCS), Indonesia. The main objective of International Journal on Social Science, Economics and Art is to provide an intellectual platform for ...