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Financial literacy and entrepreneurship

Author

Listed:
  • Riccardo Calcagno

    (EM - EMLyon Business School)

  • Yan Alperovych

    (EM - EMLyon Business School)

  • Anita Quas

    (UNIMI - Università degli Studi di Milano = University of Milan, EM - EMLyon Business School)

Abstract

The measurement, drivers and outcomes of financial literacy for individuals and households received substantial academic attention in the recent years. In this chapter, we focus on entrepreneurs' financial literacy. Entrepreneurs are renowned sources of innovation and growth but their ability to achieve such outcomes is fundamentally intertwined with their ability to take correct financial decisions. Despite the fact that financial literacy is arguably essential for entrepreneurs to take such decisions, empirical evidence on this topic is scarce. This chapter reviews the few academic studies that preliminarily investigate the degree of financial literacy of entrepreneurs. More importantly, we highlight relevant avenues for future research aimed at understanding how to measure financial literacy for (potential) entrepreneurs, and what is the impact of such construct on entrepreneurial outcome.

Suggested Citation

  • Riccardo Calcagno & Yan Alperovych & Anita Quas, 2019. "Financial literacy and entrepreneurship," Post-Print hal-02311112, HAL.
    • Handle: RePEc:hal:journl:hal-02311112
    DOI: 10.1142/9789811202766_0010
    as

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    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • G3 - Financial Economics - - Corporate Finance and Governance

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