Las características empresariales como determinantes de la alfabetización financiera de las personas empresarias

  1. Sara Fernández López 1
  2. Marcos Álvarez Espiño 1
  3. Lucía Rey-Ares 1
  1. 1 Universidade de Santiago de Compostela
    info

    Universidade de Santiago de Compostela

    Santiago de Compostela, España

    ROR https://ror.org/030eybx10

Journal:
GCG: revista de globalización, competitividad y gobernabilidad

ISSN: 1988-7116

Year of publication: 2023

Volume: 17

Issue: 3

Pages: 73-88

Type: Article

DOI: 10.58416/GCG.2023.V17.N3.03 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: GCG: revista de globalización, competitividad y gobernabilidad

Abstract

Small firms play a key role in the economy and their management is influenced by different factors, such as having an adequate level of financial literacy. Using data from the Survey of Small Enterprises' Financial Literacy, this paper analyses whether the size, sector and exporting nature of firms relate to the level of financial literacy of their owners/managers. Evidence shows a positive relationship between firm size and the financial literacy of their owners.

Bibliographic References

  • Ahmad, K.; Yusoff, W. S. W.; Zabri, S. M. (2017), "The relationship between entrepreneurial traits and financial capability among young entrepreneurs in Malaysia (Proceedings of the 29th International Business Information Management Conference) ", Vienna-Austria
  • Anghel, B.; Lacuesta Gabarain, A.; Tagliati, F. (2021), "Encuesta de Competencias Financieras en las Pequeñas Empresas 2021: principales resultados", (Documentos Ocasionales-Banco de España, No. 2129). https://repositorio.bde.es/ handle/123456789/19236
  • Atkinson, A. (2017), "Financial education for MSMEs and potential entrepreneurs (OECD Working Papers on Finance, Insurance and Private Pensions No. 43)". doi: 10.1787/bb2cd70c-en
  • Atkinson, A.; Messy, F. A. (2012), "Measuring financial literacy: Results of the OECD/International Network on Financial Education (INFE) pilot study (OECD Working Papers on Finance, Insurance and Private Pensions No. 15)". doi: 10.1787/5k9csfs90fr4-en
  • Atkinson, A.; McKay, S.; Collard, S.; Kempson, E. (2007), "Levels of financial capability in the UK", Public Money and Management, Vol. 27, Num. 1, pp. 29-36. doi: 10.1111/j.1467-9302.2007.00552.x
  • Barbero, J. L.; Casillas, J. C.; Feldman, H. D. (2011), "Managerial capabilities and paths to growth as determinants of high-growth small and medium-sized enterprises", International Small Business Journal, Vol. 29, Num. 6, pp. 671-694. doi: 10.1177/0266242610378287
  • Carbó-Valverde, S.; Rodríguez-Fernández, F.; Udell, G. F. (2016), "Trade Credit, the Financial Crisis, and SME Access to Finance", Journal of Money, Credit and Banking, Vol. 48, Num. 1, pp. 113-143. doi: 10.1111/jmcb.12292
  • Coronel-Pangol, K.; Orden-Cruz, C.; Paule-Vianez, J. (2022), "Bibliometric analysis of alternative financing for entrepreneurship", Management Letters/Cuadernos de Gestión, Vol. 22, Num. 2, pp. 167-182. doi: 10.5295/cdg.211559kc
  • Dahmen, P; Rodríguez, E. (2014), "Financial Literacy and the Success of Small Businesses: An Observation from a Small Business Development Center", Numeracy, Vol. 7, Num. 1. doi: 10.5038/1936-4660.7.1.3
  • Fernández-López, S.; Álvarez-Espiño, M.; Rey-Ares, L. (2023). "La alfabetización financiera y las características sociodemográficas del emprendedor: un análisis de las pequeñas empresas españolas", The Journal of Globalization, Competitiveness, and Governability, Vol. 17, Núm. 1, pp. 49-69. doi: 10.58416/GCG.2023.V17.N1.02
  • Gibson, H. (2008), "Ideology, instrumentality and economics education: On the secretion of values within philanthropy, financial capability and enterprise education in English schools", International Review of Economics Education, Vol. 7, Num. 2, pp. 57- 78. doi: 10.1016/S1477-3880(15)30089-X
  • Graña-Álvarez, R.; López-Valeiras, E.; González-Loureiro, M.; Coronado, F. (2022), "Financial literacy in SMEs: A systematic literature review and a framework for further inquiry", Journal of Small Business Management, pp. 1-50. doi: 10.1080/00472778.2022.2051176
  • Hair, J.; Anderson, R.; Tatham, R.; Black, W. (1998), "Multivariate analysis (4th ed)", Prentice Hall International
  • Hitt, M. A.; Ireland, R. D.; Hoskisson, R. E. (2016), "Strategic management: Concepts and cases: Competitiveness and globalization", Cengage Learning.
  • Kolb, D. A. (1984), "Experiential Learning: Experience as the Source of Learning and Development", Prentice-Hall, Inc. Englewood Cliffs, NJ.
  • Korber, S.; McNaughton, R. B. (2017), "Resilience and entrepreneurship: a systematic literature review", International Journal of Entrepreneurial Behavior & Research, Vol. 24, Num. 7, pp. 1129-1154. doi: 10.1108/IJEBR-10-2016-0356
  • Lusardi, A.; Mitchell, O. S. (2014), "The economic importance of financial literacy: Theory and evidence", Journal of Economic Literature, Vol. 52, Num. 1, pp. 5-44. doi: 10.1257/jel.52.1.5
  • Ministerio de Trabajo y Economía Social (2022), "Estadísticas. Empresas inscritas en la Seguridad Social [Serie de datos]". https://expinterweb.mites.gob.es/series/
  • Molina-García, A.; Diéguez-Soto, J.; Galache-Laza, M. T.; Campos-Valenzuela, M. (2022), "Financial literacy in SMEs: a bibliometric analysis and a systematic literature review of an emerging research field", Review of Managerial Science, Vol.17, pp. 787-826. doi: 10.1007/s11846-022-00556-2
  • Montanero-Fernández, J. (2008), "Análisis multivariante". Servicio de Publicaciones de la Universidad de Extremadura.
  • Nitani, M.; Riding, A.; Orser, B. (2020), "Self-employment, gender, financial knowledge, and high-cost borrowing", Journal of Small Business Management, Vol. 58, Núm. 4, pp. 669-706. doi: 10.1080/00472778.2019.1659685
  • Njoki, N. (2022), "Effect of credit management and budgeting Financial Literacy on Performance SMEs in Nyeri County", Journal of Economics, Management Sciences & Procurement, Vol. 2, Num. 1, pp. 63-74. https://jemspro.org/index.php/pages/ article/view/18
  • OCDE (2017), "Fostering markets for SME finance: Matching business and investor needs", En OECD (Ed.), Financing SMEs and Entrepreneurs 2017: An OECD Scoreboard. OECD Publishing, Paris. doi: 10.1787/fin_sme_ent-2017-en
  • OCDE (2020), "OECD/INFE Survey Instrument to Measure the Financial Literacy of MSMEs, 2020 version", https:// www.oecd.org/financial/education/2020-survey-to-measure-msmefinancial-literacy.pdf
  • OCDE (2021), "G20/OECD-INFE Report Navigating the Storm: MSMEs’ financial and digital competencies in COVID-19 times". https://www.oecd.org/finance/navigating-the-storm-MSMEs-financial-and-digitalcompetencies-in-COVID-19- times.htm
  • Romero-Martínez, A.M.; Milone, M. (2016), "El emprendimiento en España: Intención emprendedora, motivaciones y obstáculos", Journal of Globalization, Competitiveness and Governability, Vol. 10, Num. 1, pp. 95-109. doi: 10.3232/ GCG.2016.V10.N1.05