Financial Literacy and Financial Well-being for the Owners of Small and Micro-Enterprises in Damietta Governorate
Eid, A., الهنداوي, Ù., شبانه, Ù. (2023). Financial Literacy and Financial Well-being for the Owners of Small and Micro-Enterprises in Damietta Governorate. EKB Journal Management System, 4(1), 269-299. doi: 10.21608/cfdj.2023.258044
Ahmed Eid; محمد الهنداوي; مها مصباح محمد عبدالرازق شبانه. "Financial Literacy and Financial Well-being for the Owners of Small and Micro-Enterprises in Damietta Governorate". EKB Journal Management System, 4, 1, 2023, 269-299. doi: 10.21608/cfdj.2023.258044
Eid, A., الهنداوي, Ù., شبانه, Ù. (2023). 'Financial Literacy and Financial Well-being for the Owners of Small and Micro-Enterprises in Damietta Governorate', EKB Journal Management System, 4(1), pp. 269-299. doi: 10.21608/cfdj.2023.258044
Eid, A., الهنداوي, Ù., شبانه, Ù. Financial Literacy and Financial Well-being for the Owners of Small and Micro-Enterprises in Damietta Governorate. EKB Journal Management System, 2023; 4(1): 269-299. doi: 10.21608/cfdj.2023.258044

Financial Literacy and Financial Well-being for the Owners of Small and Micro-Enterprises in Damietta Governorate

المجلة العلمية للدراسات والبحوث المالية والتجارية
Article 11, Volume 4, Issue 1, January 2023, Page 269-299  XML PDF (705.3 K)
Document Type: المقالة الأصلية
DOI: 10.21608/cfdj.2023.258044
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Authors
Ahmed Eid1; محمد الهنداوي; مها مصباح محمد عبدالرازق شبانه2
1جامعة دمياط
2کليه التجارة
Abstract
Purpose: The main purpose of this study is to explore the financial well-being of the owners of small and micro-enterprises (MSEs). Also, it aims to measure the relationship between the dimensions of financial literacy and their financial well-being.
Methodology: The population of the study is represented by the owners of small and micro-enterprises in the Damietta governorate. A questionnaire was used to collect data from 384 micro and small enterprises. The data was analyzed, and the model was tested using structural equation modeling (SEM).
Findings: Results of the study identified a significant relationship between the dimensions of financial literacy and financial well-being, and those with a high level of financial literacy enjoy better financial well-being.
Recommendations and Further Direction: Based on the results identified, the study presents recommendations that could help improve the financial well-being of the owners of small and micro-enterprises. Also, it offers some directions for future research.
Keywords
Financial Literacy; Financial Well-being; Micro and Small Enterprises
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