Alfabetización Financiera y Desempeño de las MIPYMES en el Estado de Veracruz, México

Román Culebro-Martínez

doi:10.29105/revin20.40-432

Authors

Román Culebro-Martínez Universidad Cristóbal Colón https://orcid.org/0000-0003-4643-4771

DOI:

https://doi.org/10.29105/revin20.40-432

Keywords:

Financial literacy, Financial behavior, Financial knowledge, Financial attitude, SMEs

Abstract

Recent research on financial literacy points out that it can be understood as a combination of financial knowledge, behavior, and attitudes. This paper examines in an exploratory manner the level of financial behavior, knowledge, and attitudes in micro, small, and medium-sized enterprises (MSMEs) and their correlation with performance in the state of Veracruz, Mexico. Surveys were conducted on a sample of 206 MSMEs in the municipalities of Veracruz and Coatzacoalcos. Following the methodology suggested by the Organisation for Economic Co-operation and Development, indices were constructed for financial knowledge, financial behavior, financial attitude, and business performance. The results showed that the level of knowledge obtained the lowest value among the surveyed MSMEs, while the level of attitudes obtained the highest value. The relationship between the variables was assessed using Pearson's correlation coefficient, showing a positive association between all three components of financial literacy. However, only the correlation between behavior and knowledge was statistically significant. Similarly, a positive and significant correlation was found between the level of financial behavior and the performance of the surveyed MSMEs. The findings suggest that financial behavior is the most important component for the performance of micro, small, and medium-sized enterprises.

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