Literature Review: Financial Literacy in The Context of Micro Enterprise Development and The Methods Used

Abstract

Financial literacy is an important factor in improving the 
performance of small firms. In today's highly competitive 
environment, small companies are trying to maintain their 
survival. One of the ways that companies maintain their 
survival is to improve performance by increasing 
understanding of financial literacy. This study aims to 
examine the determinants of financial literacy on the 
performance of small companies. This research uses the 
Systematic Literature Review (SLR) method. Articles were 
obtained from the Publish or Perish application with the 
keywords financial literacy and small business from Google 
Scholar and Scopus. The results showed that financial literacy 
has an important role in improving small business 
performance. It empowers business owners to make 
informed decisions, access resources effectively and drive 
sustainability, increase resilience and achieve growth in their 
enterprises.