Relationship between Green Entrepreneurial Orientation and Financial Literacy on SMES' Financial Performance
Downloads
The growth of tourism encourages the growth of the Culinary MSME sector in Bali. The culinary sector is very vulnerable to producing waste. On the other hand, SMEs are expected to be oriented towards the concept of green entrepreneurship to minimize waste. This study aims to analyze the influence of the implementation of green entrepreneurial orientation (GEO) and financial literacy on the performance of SMEs. The subject of this study is culinary SMEs in Bali with the distribution of questionnaires to 100 samples. The analysis techniques used are descriptive analysis and inferential analysis with Partial Least Squares. The results of this study show that financial literacy has a significant positive effect on GEO, but financial literacy has a non-significant effect on the performance of culinary SMEs in Bali and GEO has a significant positive impact on the performance of culinary SMEs in Bali.
Downloads
Agyapong, D., & Attram, A. B. (2019). Effect of owner-managers financial literacy on the performance of SMEs in the Cape Coast Metropolis in Ghana. Journal of Global Entrepreneurship Research, 9(1), 1–13. https://doi.org/10.1186/s40497-019-0191-1
Agyei, S. K. (2018). Culture, financial literacy, and SME performance in Ghana. Cogent Economics and Finance, 6(1). https://doi.org/10.1080/23322039.2018.1463813
AlQershi, N. A., Saufi, R. B. A., Yaziz, M. F. B. A., Ramayah, T., Muhammad, N. M. N., & Yusoff, M. N. H. Bin. (2023). The relationship between green entrepreneurship, human capital, and business sustainability in Malaysian large manufacturing firms: An empirical study. Technological Forecasting and Social Change, 192, 122529. https://doi.org/10.1016/j.techfore.2023.122529
Alshebami, A. S., & Al Marri, S. H. (2022). The impact of financial literacy on entrepreneurial intention: The mediating role of saving behavior. Frontiers in Psychology, 13. https://doi.org/10.3389/fpsyg.2022.911605
Aribawa, D. (2016). Pengaruh literasi keuangan terhadap kinerja dan keberlangsungan UMKM di Jawa Tengah. Jurnal Siasat Bisnis, 20(1), 1–13. https://doi.org/10.20885/jsb.vol20.iss1.art1
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management (Vol. 17, Issue 1, pp. 99–120).
Cantika, V. P. ;, Ulfi Sheila Pinasti, & Martini Dwi Pusparini. (2022). Pengaruh literasi keuangan dan supporting environmental protection pada generasi Z terhadap minat investasi green sukuk untuk mewujudkan Indonesia ramah lingkungan. At-Thullab : Jurnal Mahasiswa Studi Islam, 4(2), 1138–1155. https://doi.org/10.20885/tullab.vol4.iss2.art9
Chen, H., Dai, Y., & Guo, D. (2023). Financial literacy as a determinant of market participation: New evidence from China using IV-GMM. International Review of Economics & Finance, 84, 611–623. https://doi.org/10.1016/j.iref.2022.11.034
Daft, D. S. ; R. L. D. ; R. (2018). Fundamentals of Management (4th ed.). Cengage Learning Australia.
Demirel, P., Li, Q. C., Rentocchini, F., & Tamvada, J. P. (2019). Born to be green: new insights into the economics and management of green entrepreneurship. Small Business Economics, 52(4), 759–771. https://doi.org/10.1007/s11187-017-9933-z
Dixon, S. E. A., & Clifford, A. (2007). Ecopreneurship - A new approach to managing the triple bottom line. Journal of Organizational Change Management, 20(3), 326–345. https://doi.org/10.1108/09534810710740164
Hair, J. F., Black, W. C., & Babin, B. J. (2009). Multivariate Data Analysis (7th ed.). Pearson.
Hugo, E. M., & Nuringsih, K. (2020). Entrepreneurial education, green orientation entrepreneur, dan green value terhadap ecology entrepreneurial intention. Jurnal Manajerial Dan Kewirausahaan, 2(4), 914. https://doi.org/10.24912/jmk.v2i4.9871
Kaya, N. (2015). Corporate entrepreneurship, generic competitive strategies, and firm performance in small and medium-sized enterprises. Procedia - Social and Behavioral Sciences, 207, 662–668. https://doi.org/10.1016/j.sbspro.2015.10.136
Menike, L. M. C. S. (2019). Effect of financial literacy on firm performance of small and medium enterprises in Sri Lanka. SSRN Electronic Journal, 1–25. https://doi.org/10.2139/ssrn.3306719
Mukarromah, D., Jubaedah, J., & Astuti, M. (2020). Financial performance analysis on micro, small, and medium enterprises of cassava product in Cibadak, Lebak Regency, Jurnal Economia, 16(2), 257–268. https://doi.org/10.21831/economia.v16i2.31232
Pang, S., Bao, P., Hao, W., Kim, J., & Gu, W. (2020). Knowledge sharing platforms : An empirical study of the factors a ff ecting continued use intention. 1–18.
Putra, W. E., & Utama, L. (2022). Pengaruh green entrepreneurial orientation dan green innovation terhadap kinerja berkelanjutan industri gigi palsu. Jurnal Manajerial Dan Kewirausahaan, 4(2), 534. https://doi.org/10.24912/jmk.v4i2.18262
Ribeiro, M. A., Adam, I., Kimbu, A. N., Afenyo-Agbe, E., Adeola, O., Figueroa-Domecq, C., & Jong, A. de. (2021). Women entrepreneurship orientation, networks and firm performance in the tourism industry in resource-scarce contexts. Tourism Management, 86(May), 104343. https://doi.org/10.1016/j.tourman.2021.104343
Sanistasya, P. A., Raharjo, K., & Iqbal, M. (2019). Pengaruh literasi keuangan dan inklusi keuangan terhadap kinerja usaha kecil di Kalimantan Timur. Jurnal Economia, 15(1), 48–59. https://journal.uny.ac.id/index.php/economia
Servon, L. J., & Kaestner, R. (2008). Consumer financial literacy and the impact of online banking on the financial behavior of lower-income bank customers. Journal of Consumer Affairs, 42(2), 271–305. https://doi.org/10.1111/j.1745-6606.2008.00108.x
Sharma, A., Das, N., & Singh, S. P. (2023). Causal association of entrepreneurship ecosystem and financial inclusion. Heliyon, 9(3), e14596. https://doi.org/10.1016/j.heliyon.2023.e14596
Teece, D. J. (2016). Dynamic capabilities and entrepreneurial management in large organizations: Toward a theory of the (entrepreneurial) firm. European Economic Review, 86, 202–216. https://doi.org/10.1016/j.euroecorev.2015.11.006
Tian, G., Zhou, S., & Hsu, S. (2020). Executive financial literacy and firm innovation in China. Pacific-Basin Finance Journal, 62, 101348. https://doi.org/10.1016/j.pacfin.2020.101348
Vitt, L. A., Kent, J., Lyter, D. M., Siegenthaler, J. K., & Ward, J. (2000). Personal finance and the rush to competence: Financial literacy education in the U.S. Personal Finance, January 2000, 1–234. www.isfs.org/documents-pdfs/rep-finliteracy.pdf
Yakob, S., Yakob, R., B.A.M., H.-S., & Rusli, R. Z. A. (2021). Financial literacy and financial performance of small and medium-sized enterprises. The South East Asian Journal of Management, 15(1), 72–96. https://doi.org/10.21002/seam.v15i1.13117
Copyright (c) 2025 Jurnal Economia
This work is licensed under a Creative Commons Attribution 4.0 International License.
