From Literacy to Loans: Unlocking Msmes Financing Through Quality of Financial Reporting

Yesita Astarina; Dwi Riana; Ulfah Muharramah; Nur Riana Binti Abdul Rahim; Geovanny Mahardika; Sakhi Chelsea Khoirunnisa; Cinta Cahaya Putri

doi:10.55927/ijbae.v5i1.593

Authors

Yesita Astarina Politeknik Negeri Sriwijaya
Dwi Riana Politeknik Negeri Sriwijaya
Ulfah Muharramah Politeknik Negeri Sriwijaya
Nur Riana Binti Abdul Rahim Politeknik Mukah Sarawak
Geovanny Mahardika Politeknik Negeri Sriwijaya
Sakhi Chelsea Khoirunnisa Politeknik Negeri Sriwijaya
Cinta Cahaya Putri Politeknik Negeri Sriwijaya

DOI:

https://doi.org/10.55927/ijbae.v5i1.593

Keywords:

inancial Literacy, MSMEs Financing, Quality of Financial Reporting, Access to Financing, Mediating Role

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are a fundamental pillar and the main driver of the economy in Indonesia. However, the majority of MSMEs face a significant constraint that hinders their growth and competitiveness: limited access to formal financing. This study aims to analyze the role of Financial Report Quality as a mediating variable in the relationship between Financial Literacy and Ease of Access to Financing for MSMEs. This research is causal associative and explanatory in nature and employs a cross-sectional design. The research population consists of MSMEs fostered by Rumah BUMN Sumsel, and based on purposive sampling, a sample of 50 MSMEs was obtained. The analysis technique used is Structural Equation Modeling (SEM) with the assistance of SmartPLS 4.0 software. The research results indicate that financial literacy has a significant influence on the ease of access to financing for MSMEs. Similarly, financial literacy also has a significant influence on the quality of financial reporting. This study has proven that the quality of financial reporting has a significant influence on the ease of access to financing. Consequently, the mediating effect of this variable is proven.

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