Publicação
The impact of the level of financial literacy of managers, particularly the financial manager, in the economic and financial performance of SMEs, a comparison between Portugal and Russia
| Resumo: | The aim of this study is to explore the relationship between the level of financial literacy of managers and entrepreneurs of small and medium sized enterprises (SMEs) and its economic and financial performance. As specific objectives, it is intended to (i) to determine the financial literacy index among managers and entrepreneurs of SMEs; (ii) to analyse the relationship between companies’ performance and financial literacy level (FLL) of their owners/managers; and (iii) to compare the FLL of Portuguese and Russian SME’s managers and entrepreneurs. This research was conducted in the North of Portugal and some regions in Russian Federation for the period of March to May 2017. Secondary data for this research were gathered from SABI database (for Portuguese sample) and with the help of personal and business contacts of researchers. To achieve these objectives, it was adopted a quantitative design as research methodology. Collection of primary data (assessing the financial literacy level of SMEs’ financial managers/entrepreneurs) was obtained through the use of a structured questionnaire, that is mostly similar to International Survey of Adult Financial Literacy Competencies from OECD in 2016. To measure the financial performance, it was collected secondary data from the financial documents of companies. The results did not support the expectations that there are some influences on Financial Literacy Level (FLL) of respondents from the variables, such as Gender, Age, Company’ size, and Education level. This data' results suggest a moderate negative and statistically significant correlation between companies’ performance (as measured by Return on Equity - ROE) and its owners’ or managers’ global FLL. It also found moderate negative and statistically significant correlation with financial inclusion and management of bank accounts dimension and ROE, as well as with financial understanding dimension. There was not found statistically significant differences between other performance indicators (return on assets and sales profitability) and global FLL. Moreover, there are no statistically difference between the two countries. |
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| Autores principais: | Galstian, Naira |
| Assunto: | Portugal Small and Medium Sized Enterprises Financial Literacy Index Russia Company’ Performance |
| Ano: | 2017 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Instituto Politécnico de Bragança |
| Idioma: | inglês |
| Origem: | Biblioteca Digital do IPB |
| Resumo: | The aim of this study is to explore the relationship between the level of financial literacy of managers and entrepreneurs of small and medium sized enterprises (SMEs) and its economic and financial performance. As specific objectives, it is intended to (i) to determine the financial literacy index among managers and entrepreneurs of SMEs; (ii) to analyse the relationship between companies’ performance and financial literacy level (FLL) of their owners/managers; and (iii) to compare the FLL of Portuguese and Russian SME’s managers and entrepreneurs. This research was conducted in the North of Portugal and some regions in Russian Federation for the period of March to May 2017. Secondary data for this research were gathered from SABI database (for Portuguese sample) and with the help of personal and business contacts of researchers. To achieve these objectives, it was adopted a quantitative design as research methodology. Collection of primary data (assessing the financial literacy level of SMEs’ financial managers/entrepreneurs) was obtained through the use of a structured questionnaire, that is mostly similar to International Survey of Adult Financial Literacy Competencies from OECD in 2016. To measure the financial performance, it was collected secondary data from the financial documents of companies. The results did not support the expectations that there are some influences on Financial Literacy Level (FLL) of respondents from the variables, such as Gender, Age, Company’ size, and Education level. This data' results suggest a moderate negative and statistically significant correlation between companies’ performance (as measured by Return on Equity - ROE) and its owners’ or managers’ global FLL. It also found moderate negative and statistically significant correlation with financial inclusion and management of bank accounts dimension and ROE, as well as with financial understanding dimension. There was not found statistically significant differences between other performance indicators (return on assets and sales profitability) and global FLL. Moreover, there are no statistically difference between the two countries. |
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