Overview

Original Research

STRUCTURAL EQUATION MODEL ON DETERMINANTS OF FINANCIAL DECISIONS FOR WOMEN MSME IN TANGERANG

IGNATIUS RONI SETYAWAN 1, ISHAK RAMLI 2, and INDRA LISTYARTI 3.

Vol 17, No 07 ( 2022 )   |  DOI: 10.5281/zenodo.6938861   |   Author Affiliation: Lecturer, Faculty of Economic and Business, Universitas Tarumanagara, Indonesia 1,2; Lecturer, Faculty of Economic and Business, Universitas Hayam Wuruk Perbanas, Indonesia 3.   |   Licensing: CC 4.0   |   Pg no: 1314-1321   |   To cite: IGNATIUS RONI SETYAWAN, et al., (2022). STRUCTURAL EQUATION MODEL ON DETERMINANTS OF FINANCIAL DECISIONS FOR WOMEN MSME IN TANGERANG. 17(07), 1314–1321. https://doi.org/10.5281/zenodo.6938861   |   Published on: 27-07-2022

Abstract

Lusardi (2019) has highlighted the increasing value of financial literacy from women at various levels of work across countries including Indonesia. By increasing awareness of financial literacy and inclusion in many area in Indonesia, this study selects Tangerang with respect to local women who are MSME actors have a higher level of digital literacy than other regions in Indonesia. By using 150 respondents using snowball sampling and the SEM by STATA analysis method, this study finds that there was a structural model applicability of financial decision making for women's SMEs in Tangerang with 2 determinants, namely literacy and financial inclusion.

Keywords

Tangerang UMKM Women, Financial Decisions, SEM Analysis with STATA JEL: G40; G41; G53