Enhancing Entrepreneurial Expectations Through Financial Literacy
Keywords:
Digital Business, Entrepreneurial Expectations, Financial Administration, Financial LiteracyAbstract
Entrepreneurial success is closely linked to financial literacy, as effective financial administration enables entrepreneurs to manage resources, mitigate risks, and optimize business growth. This study explores the impact of financial literacy on the entrepreneurial expectations of Digital Business students, emphasizing the role of financial knowledge in shaping confidence and decision-making capabilities. Using a conceptual analysis approach, this research reviews existing literature to establish a theoretical framework linking financial administration with entrepreneurial ambition. Findings indicate that financial literacy enhances students’ ability to develop sound business strategies, adapt to financial challenges, and sustain long-term business operations. Furthermore, integrating financial education into entrepreneurship curricula is essential to prepare students for the dynamic business environment. The study underscores the necessity of equipping future entrepreneurs with financial management skills, ensuring they can navigate financial complexities effectively. By fostering financial literacy, educational institutions can contribute to a more resilient and innovative entrepreneurial ecosystem.
References
Cavdar, S. C., & Aydin, A. D. (2015). An experimantal study on relationship between student socio-economic profile, financial literacy, student satisfaction and innovation within the framework of TQM. Procedia-Social and Behavioral Sciences, 195, 739-748.
Eniola, A. and Entebang, H. (2017). Sme managers and financial literacy. Global Business Review, 18(3), 559-576. https://doi.org/10.1177/0972150917692063
Fonna, N. (2019). Pengembangan revolusi industri 4.0 dalam berbagai bidang. Guepedia.
Hermans, J., Vanderstraeten, J., Van Witteloostuijn, A., Dejardin, M., Ramdani, D., & Stam, E. (2015). Ambitious entrepreneurship: A review of growth aspirations, intentions, and expectations. Entrepreneurial growth: Individual, firm, and region, 127-160.
Martins, I., Monsalve, J. P. P., & Martinez, A. V. (2018). Self-confidence and fear of failure among university students and their relationship with entrepreneurial orientation: Evidence from Colombia. Academia Revista Latinoamericana de Administración, 31(3), 471-485.
Nyoni, T., & Bonga, W. G. (2018). Anatomy of the small & medium enterprises (SMEs) critical success factors (CSFs) in Zimbabwe: Introducing the 3E model. Dynamic Research Journals' Journal of Business & Management (DRJ-JBM), 1(2), 01-18.
Oseifuah, E. (2010). Financial literacy and youth entrepreneurship in south africa. African Journal of Economic and Management Studies, 1(2), 164-182.
Otieno, G. (2023). Factors influencing entrepreneurial success of micro, small and medium enterprises in kenya: a systematic review of literature. The International Journal of Humanities & Social Studies.
Petty, J. W., Titman, S., Keown, A. J., Martin, P., Martin, J. D., & Burrow, M. (2015). Financial management: Principles and applications. Pearson Higher Education AU.
Pratama, I. and Nugraha, N. (2019). Increase interest in entrepreneurship seen from financial literature, self efficiency and e-commerce..
Putri, R. D., Megasari, R., Rachmawati, D., & Inayati, R. U. (2021). Literasi Kewirausahaan Dan Munculnya Wirausaha Mahasiswa: Apakah Ada Hubungan?. Jurnal Bisnis dan Kewirausahaan, 17(3), 251-259.
Wahyudi, A. (2019). Bisnis & Kewirausahaan. Penerbit NEM.
Worokinasih, S., Nuzula, N. F., & Damayanti, C. R. (2021). Youth Entrepreneur. Media Nusa Creative (MNC Publishing).
Zhang, Y. and Wei, J. (2023). Digital financial development, diversification of financial services participation and entrepreneurial choices for residents., 45-71.
Ziyae, B. and Sadeghi, H. (2020). Exploring the relationship between corporate entrepreneurship and firm performance: the mediating effect of strategic entrepreneurship. Baltic Journal of Management, 16(1), 113-133.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This is a state of publication that makes writers respect the copyright of their articles and enables us to ensure full copyright protection and to disseminate international journals. Authors are asked to transfer copyrights to ensure the widest possible dissemination of information. Notification will be sent to the relevant Author who confirms receipt of the manuscript. If citations from other copyrighted works are included, the Author must obtain written permission from the copyright owner and give credit to the source in the article.
