The Influence of Financial Literacy and Financial Inclusion on Financial Behavior with Financial Technology as an Intervening Variable on MSMEs in Solo City

Agnesia Retno Yulianing Putri; Rispantyo; Dewi Saptantinah Puji Astuti

doi:10.59890/ijir.v3i3.524

Authors

Agnesia Retno Yulianing Putri Universitas Slamet Riyadi, Surakarta
Rispantyo Slamet Riyadi University, Surakarta
Dewi Saptantinah Puji Astuti Slamet Riyadi University, Surakarta

DOI:

https://doi.org/10.59890/ijir.v3i3.524

Keywords:

Financial Literacy, Financial Inclusion, Financial Technology, Financial Behavior

Abstract

This research looks at how financial literacy and financial inclusion impact financial behavior, with financial technology acting as a connecting factor among MSMEs in Solo City. Good financial literacy allows MSMEs to understand the management of their business finances more effectively, while financial inclusion provides easy access to formal financial services. Financial technology is developing as a tool that facilitates transactions and financial management more efficiently. The study employs a quantitative methodology that includes path analysis and multiple linear regression. The research sample consisted of 300 MSME actors selected through purposive sampling technique. The data was gathered using questionnaires that were directly distributed to respondents. To analyze the data, regression tests were used to examine the relationship between independent and dependent variables, while path analysis was conducted to assess the role of financial technology as an intervening variable. The study's findings suggest that MSMEs' financial behavior is positively and significantly impacted by financial inclusion and financial literacy. In addition, both variables also affect financial technology, which ultimately contributes to improving the financial behavior of business actors. Thus, financial technology acts as an intervening variable, strengthening the relationship between financial inclusion, financial literacy, and the financial behavior of MSMEs in Solo City

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