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Financial Literacy as a Supporting Factor for Sustainability MSMEs in Samarinda City

In: Proceedings of the 7th International Conference on Accounting, Management and Economics (ICAME-7 2022)

Author

Listed:
  • Maryam Nadir

    (Hasanuddin University)

  • Syamsu Alam

    (Hasanuddin University)

  • Muhammmad Ali

    (Hasanuddin University)

  • Fauzi R. Rahim

    (Hasanuddin University)

Abstract

Superior performance and sustainable business can be realized if strategic efforts are made. Samarinda is the capital city of East Kalimantan province with a large number of MSMEs that have great opportunities in the national economy. The contribution of the MSME sector is 17.09% of Samarinda’s total GRDP. This study was conducted using systematic review data by analyzing research results obtained from Google Scholar indexed nationally and internationally, the last five years which aims to answer research questions by summarizing various research results. The ten articles obtained results and discussion that a business will progress if its financial conditions are able to run well, maintain good financial conditions. The provision of education helps MSME actors in terms of sharing knowledge, increasing knowledge, and providing an understanding that is not yet known is the weakness of MSME. With the effort to provide education, it is hoped that it can improve the financial literacy of MSME actors to be even better. The results of this literature review are expected to help MSMEs to maintain a financial attitude in managing their business and be able to create competitive advantage, the right competitive strategy to support business sustainability.

Suggested Citation

  • Maryam Nadir & Syamsu Alam & Muhammmad Ali & Fauzi R. Rahim, 2023. "Financial Literacy as a Supporting Factor for Sustainability MSMEs in Samarinda City," Advances in Economics, Business and Management Research, in: Muhammad Irdam Ferdiansyah & Daniella Cynthia Sampepajung & Insany Fitri Nurqamar & Rakhmat Prima Nu (ed.), Proceedings of the 7th International Conference on Accounting, Management and Economics (ICAME-7 2022), pages 487-502, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-146-3_47
    DOI: 10.2991/978-94-6463-146-3_47
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