FINANCIAL LITERACY AMONG SME’S IN MALAYSIA

Main Article Content

Omer Bin Thabet
Atiqah Abd Manaf. Fazlin Ali
Mazhar Kantakji

Keywords

Financial literacy, SME, Malaysia, business failure

Abstract

Purpose of Study: The objective of this study is to investigate the financial literacy among the SMEs in food and beverage sectors in Malaysia.


Methodology: Small and Medium Enterprises (SMEs) play an important role in countries’ economic growth. However, the failure rate among SMEs getting higher. The literature stipulated that the lack of financial literacy is one of the main reasons caused this failure.


Results: The results of 122 returned questionnaires shows that the socio-demographic factors such as age and marital status have influenced SME’s financial literacy. Moreover, the financial attitude and financial behavior found to be positively related to the financial literacy among the SMEs.

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