The Influence of Financial Literacy and Locus of Control on the Financial Behavior of Smes Medan City

Sri Pujil Lestari, Linzzy Pratami Putri, Adevia Rosela

Abstract


The purpose of this study was to examine and analyze the effect of financial literacy on financial behavior, to examine and analyze the effect of locus of control on financial behavior, to examine and analyze the effect of financial literacy and locus of control on financial behavior of MSMEs in KampungAur in Medan City. The population in this study was MSMEs in the KampungAur area, where the number of samples that were determined and used in this study were 80 people. The data collection technique used in this study was a questionnaire. The analysis technique used in this study is multiple linear regression, classical assumptions, hypothesis testing and coefficient of determination. The results of the study indicate that there is a positive influence of financial literacy variables on financial behavior variables, there is a positive influence of locus of control variables on financial behavior variables. Medan.



Keywords


Financial Literacy, Locus Of Control and Financial Behavior

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References


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DOI: https://doi.org/10.30596/miceb.v1i0.266

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