Digital financial literacy and resilience in MSMEs: a bibliometric systematic literature review

Abstract

This study aims to conduct a systematic review of the analysing financial literacy and financial resilience in the context of micro, small, and medium enterprises (MSMEs). The methodological approach utilised was a systematic literature review (SLR), using the Scopus database to perform targeted keyword searches. The article selection process adhered to inclusion and exclusion criteria, specifically focusing on English-language publications from 2014 to 2024. Additionally, R package and VOSviewer were used to visualise bibliometric datasets, identify research trends, and uncover patterns in the literature on financial literacy and resilience in MSMEs. The findings demonstrated that financial literacy significantly enhances the financial resilience of MSMEs by improving financial management skills, facilitating informed investment decisions, expanding access to financial resources, and fostering positive financial behaviours. The thematic analysis highlights critical linkages between financial literacy, financial inclusion, digital literacy, and business sustainability, emphasising a growing post-pandemic focus on digitalisation and financial resilience.