In facing the ASEAN Economic Community (AEC) 2016, the soundness of good management and finance, and inimitable core competence are one of main keys for SMEs to successfully compete in global market. Creative SMEs are a part of value-addded-based economies that become the main advantage of Indonesia for AECs. Central Java, as one of the provinces with many creative SMEs has a big role for other provinces to benchmark how the development of creative SMEs emerged. This study aims to analyse the effect of financial literacy to creative SMEs’ performance and sustainability in Central Jawa. Structural equation model was used to analyse the data. The results confirmed that financial literacy significantly affect creative SMEs’ performance and sustainability in Central Java. This implies that good financial literacy can be used to improve appropriate decisions in regard to the efforts of enhancing creative SMEs’ performance and sustainability. Thus, it is expected that the government as a regulator, academics as educators, private sector as catalysts can act as triggers for the development of financial literacy for SMEs in Central Java.
Aribawa, D. (2016). Pengaruh literasi keuangan terhadap kinerja dan keberlangsungan UMKM di Jawa Tengah. Jurnal Siasat Bisnis, 20(1), 1–13. https://doi.org/10.20885/jsb.vol20.iss1.art1