0000000001020829

AUTHOR

Andrea Quintiliani

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Financial literacy, value creation and firm performance. An investigation of Italian small and medium enterprises

2023

This article aims to determine the influence of entrepreneurs’ financial literacy for the growth of SMEs’ value. The paper verifies the hypothesis that there is a significant relationship between financial literacy and value creation, as indicated by economic value added (EVA®). The study analyses 162 Italian SMEs operating in the textile and clothing sector. The analysis period is between 2011 and 2013. Regression analysis and correlation analysis have been applied to test the hypotheses. The results suggest a positive and significant relationship between financial literacy and the variables that drive the value creation. Greater financial literacy allows SMEs to optimise their capital str…

Economics and EconometricsEntrepreneurshipfinancial educationValue creationsmall and medium-sized enterprisebusiness.industryvalue creationSMEsmall and medium-sized enterprisesAccountingSMEsEconomic Value Addedentrepreneurshipfirm performancefinancial literacyeconomic value added.economic value addedFinancial literacyfinancial literacy; financial education; small and medium-sized enterprises; SMEs; entrepreneurship; firm performance; value creation; economic value added.BusinessSmall and medium-sized enterprisesBusiness and International Management
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