The influence of financial knowledge, education level, and personality on financial management behavior among MSME owners in Kampung Kue Rungkut, Surabaya
-
Ismi Dwi Safitri(1)
Department of Management, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur
-
Nurjanti Takarini(2*)
Department of Management, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur
(*) Corresponding Author
Keywords:
Educational Level, Financial Knowledge, Financial Management Behavior, MSMEs, Personality
Abstract
Financial management practices are widely recognized as a critical determinant of the sustainability and growth of micro, small, and medium enterprises (MSMEs). However, many MSMEs continue to experience challenges in implementing effective financial management practices, particularly in emerging economies. This study examines the effects of personality, education level, and financial knowledge on the financial management practices of MSME owners in Kampung Kue Rungkut, Surabaya, Indonesia. A quantitative research design was employed using a census approach involving all 59 MSMEs operating in the study area. Data were collected through a structured questionnaire and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The findings indicate that education level and financial knowledge positively and significantly influence financial management practices, suggesting that MSME owners with higher educational attainment and greater financial literacy are more likely to adopt sound financial practices. In addition, personality is found to play an important role in shaping financial management behavior. These results underscore the importance of enhancing MSME owners’ financial capabilities and fostering positive behavioral attributes to support business sustainability. The study contributes to the MSME and financial management literature by providing empirical evidence from a community-based MSME cluster in Indonesia and offers practical implications for policymakers and development agencies seeking to strengthen MSME resilience through targeted education and financial literacy initiatives.
Keywords: Educational Level; Financial Knowledge; Financial Management Behavior; MSMEs; Personality
Downloads
Download data is not yet available.
References
Ajzen, I. (1991). The Theory of Planned Behavior. In Organizational Behavior And Human Decision Processes (Vol. 50).
Andana, R. R., & Yuniningsih, Y. (2023). Financial Management Behavior in Using Fintech (Study on Management Students of UPN “Veteran” East Java). Journal of Accounting, Finance and Auditing Studies, 9(3), 67–84.
https://doi.org/10.32602/jafas.2023.024
Angelina, F., & Haryana, R. D. T. (2025). Pengaruh Literasi Keuangan Dan Pengelolaan Keuangan Terhadap Laporan Keuangan Umkm Kampung Kue Rungkut Lor Surabaya. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 9(2), 2277–2290.
Anggraini, sefti puspa, & Cholid, I. (2022). Pengaruh Literasi Keuangan,Tingkat Pendidikan, Pendapatan, Perencanaan Keuangan Dan Gaya Hidup Terhadap Pengelolaan Keuangan Pada Pengrajin Tempe Di Kecamatan Plaju. Publikasi Riset Mahasiswa Manajemen.
https://doi.org/https://doi.org/10.35957/prmm.v3i2.2322
Ardiandana, M. R., Sriyono, & Setiyono, wisnu panggah. (2024). Financial Literacy, Financial Attitude, Education Level and Lifestyle on Personal Financial Management of Students in Sidoarjo. Jurnal Ilmu Manajemen Advantage, 8(1). https://doi.org/10.30741/adv.v8i1.1282
Asmin, E. A., Ali, M., Nohong, M., & Mardiana, R. (2021). The Effect of Financial Self-Efficacy and Financial Knowledge on Financial Management Behavior. Golden Ratio of Finance Management, 1(1), 15–26.
https://doi.org/10.52970/grfm.v1i1.59
Astuti, F., & Khair, U. (2023). Pengaruh pengetahuan akuntansi, tingkat pendidikan, motivasu kerja dan pengalaman kerja terhadap kemampuan membuat laporan keuangan UMKM. https://doi.org/https://doi.org/10.36085/jee.v4i1.5426
Berlianti, S. N., & Suwaidi, R. A. (2023). The Effect of Financial Literacy, Locus of Control and Life Style on the Financial Behavior of Peer to Peer Lending Paylater User In Surabaya City. International Journal of Multidisciplinary: Applied Business and Education Research, 4(11), 4126–4134.
https://doi.org/10.11594/ijmaber.04.11.29
BPS. (2023). BPS, 2023.
https://www.bps.go.id/id/publication/2024/09/18/52d85cbe9de005b6f5d69f95/profil-industri-mikro-dan-kecil-2023.html
Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2022). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM) (3rd ed.). SAGE Publications.
Hamid, N., Refrianti, D., Ma’mum, S. Z., & Yusuf, M. (2022). Pengaruh Financial Knowledge, Financial Attitude Dan Personality Terhadap Financial Management Behavior (Studi Kasus Pada Pelaku Umkm Di Mtq Kota Kendari). Ecotechnopreneur : Journal Economics, Technology And Entrepreneur, 1(01), 69–81.
https://doi.org/10.62668/ecotechnopreneur.v1i01.45
Handayani, A. (2023). Determinants Of Financial Behavior Of Smes In Gresik City With Structural Equation Model (SEM). In International Journal of Business (Vol. 4, Number 2).
Khovivah, A. N., & Hetty Muniroh. (2023). Pengaruh Literasi Keuangan, Sikap Keuangan Dan Tingkat Pendidikan Terhadap Perilaku Manajemen Keuangan Pada Pelaku Umkm Di Kecamatan Rembang. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 9(1), 58–64. https://doi.org/10.35870/jemsi.v9i1.925
NERACA. (2026, January 27). Hanya 46% UMKM yang Pisahkan Keuangan Bisnis dan Personal - Riset OCBC Business Fitness Index. Harian Ekonomi Neraca.
Nurjanah, R., Surhayani, S., & Asiah, N. (2022). Faktor Demografi, Literasi Keuangan, Sikap Keuangan terhadap perilaku pengelolaan keuangan pada UMKM di Kabupaten Bekasi. Jurnal Akuntansi Bisnis Pelita Bangsa.
https://doi.org/https://doi.org/10.37366/akubis.v7i01.431
Oktaviani, N. F., Sri Yuniar, E., Patimah, T., Manajemen, P., Ekonomi, F., & Bisnis, D. (2023). Identifikasi Pengaruh Financial Knowledge, dan Financial Attitude Terhadap Financial Behavior Pada UMKM Bordir Di Kota Tasikmalaya. https://doi.org/https://jurnal.ulb.ac.id/index.php/ecobisma/article/view/3387/2952
Pramesti, A., Solikhin, A., & Dewi, E. (2024). Pengaruh Tingkat Pendidikan, Pengetahuan Keuangan Dan Perencanaan Keuangan Terhadap Perilaku Pengelolaan Keuangan Pada Pelaku Umk Bidang Kuliner Di Kecamatan Jambi Timur Kota Jambi. Integrative Perspectives of Social and Science Journal (IPSSJ). https://repository.unja.ac.id/89424/1/Jurnal.pdf
Putri, D. A. (2020). Faktor-Faktor Yang Mempengaruhi Perilaku Manajemen Keuangan Pelaku UMKM. https://ojs.stiesa.ac.id/index.php/prisma
Sugiyono. (2022). Metode Penelitian Kuantitatif, Kualitatif, dan R&D (2nd ed.). Alfabeta.
Tampubolon, M., & Rahmadani, R. (2022). Pengaruh pengetahuan keuangan, sikap keuangan dan kepribadian terhadap perilaku manajemen keuangan pada pelaku UMKM di Kecamatan Air Putih Kabupaten Batubara. Jurnal Akuntansi, Manajemen, Bisnis Dan Teknologi, 2(1), 70–79.
https://doi.org/https://doi.org/10.56870/ambitek.v2i1.38
Tanjung, A. A., & Triyani, R. A. (2023). Pengaruh Tingkat Pengetahuan Keuangan, Sikap Keuangan dan Kepribadian Terhadap Perilaku Manajemen Keuangan. Owner, 7(3), 2301–2315. https://doi.org/10.33395/owner.v7i3.1604
Wardhani, S. B., & Irawati Z. (2025). Paradoks: Jurnal Ilmu Ekonomi 8(1) (2025) | 1561. PARADOKS Jurnal Ilmu Ekonomi, 8(1), 2025.
https://doi.org/https://doi.org/10.57178/paradoks.v8i2.1325
Wicaksono, A. M. T., & Takarin, N. (2024). Analisis Financial Management Behavior Mahasiswa FEB Penerima KIP-K UPN 'Veteran" Analisis Financial Management Behavior Mahasiswa FEB Penerima KIP-K UPN “Veteran” Jawa Timur (Vol. 20). https://doi.org/https://doi.org/10.30603/ab.v20i2.5242
Wijayanti, N. R., & Wikartika, I. (2024). Analysis Of Financial Management Behavior Of Students From The Faculty Of Economics And Business, UPN “VETERAN” Jawa Timur Shopeepay Users Analysis of Financial. In Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) (Vol. 7, Number 3).
https://doi.org/https://doi.org/10.31538/iijse.v7i3.5494
World Bank. (2025). SME Finance. World Bank Group.
https://www.worldbank.org/en/topic/smefinance
Yessica, A., Kusnanto, E., & Permana, N. (2023). Pengaruh Pengetahuan Keuangan, Sikap dan Kepribadian terhadap Perilaku Manajemen Keuangan Pelaku UMKM. Jurnal Ekobistek, 12(2), 533–538. https://doi.org/10.35134/ekobistek.v12i2.533
Yusnita, R. R., Asril, & Yanti, R. F. (2022). Pengaruh Literasi Keuangan, Sikap Keuangan, Kepribadian, dan Pendapatanterhadap Perilaku Pengelolaan Keuangan UMKMFashion di Kecamatan Marpoyan Damai.
Andana, R. R., & Yuniningsih, Y. (2023). Financial Management Behavior in Using Fintech (Study on Management Students of UPN “Veteran” East Java). Journal of Accounting, Finance and Auditing Studies, 9(3), 67–84.
https://doi.org/10.32602/jafas.2023.024
Angelina, F., & Haryana, R. D. T. (2025). Pengaruh Literasi Keuangan Dan Pengelolaan Keuangan Terhadap Laporan Keuangan Umkm Kampung Kue Rungkut Lor Surabaya. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 9(2), 2277–2290.
Anggraini, sefti puspa, & Cholid, I. (2022). Pengaruh Literasi Keuangan,Tingkat Pendidikan, Pendapatan, Perencanaan Keuangan Dan Gaya Hidup Terhadap Pengelolaan Keuangan Pada Pengrajin Tempe Di Kecamatan Plaju. Publikasi Riset Mahasiswa Manajemen.
https://doi.org/https://doi.org/10.35957/prmm.v3i2.2322
Ardiandana, M. R., Sriyono, & Setiyono, wisnu panggah. (2024). Financial Literacy, Financial Attitude, Education Level and Lifestyle on Personal Financial Management of Students in Sidoarjo. Jurnal Ilmu Manajemen Advantage, 8(1). https://doi.org/10.30741/adv.v8i1.1282
Asmin, E. A., Ali, M., Nohong, M., & Mardiana, R. (2021). The Effect of Financial Self-Efficacy and Financial Knowledge on Financial Management Behavior. Golden Ratio of Finance Management, 1(1), 15–26.
https://doi.org/10.52970/grfm.v1i1.59
Astuti, F., & Khair, U. (2023). Pengaruh pengetahuan akuntansi, tingkat pendidikan, motivasu kerja dan pengalaman kerja terhadap kemampuan membuat laporan keuangan UMKM. https://doi.org/https://doi.org/10.36085/jee.v4i1.5426
Berlianti, S. N., & Suwaidi, R. A. (2023). The Effect of Financial Literacy, Locus of Control and Life Style on the Financial Behavior of Peer to Peer Lending Paylater User In Surabaya City. International Journal of Multidisciplinary: Applied Business and Education Research, 4(11), 4126–4134.
https://doi.org/10.11594/ijmaber.04.11.29
BPS. (2023). BPS, 2023.
https://www.bps.go.id/id/publication/2024/09/18/52d85cbe9de005b6f5d69f95/profil-industri-mikro-dan-kecil-2023.html
Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2022). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM) (3rd ed.). SAGE Publications.
Hamid, N., Refrianti, D., Ma’mum, S. Z., & Yusuf, M. (2022). Pengaruh Financial Knowledge, Financial Attitude Dan Personality Terhadap Financial Management Behavior (Studi Kasus Pada Pelaku Umkm Di Mtq Kota Kendari). Ecotechnopreneur : Journal Economics, Technology And Entrepreneur, 1(01), 69–81.
https://doi.org/10.62668/ecotechnopreneur.v1i01.45
Handayani, A. (2023). Determinants Of Financial Behavior Of Smes In Gresik City With Structural Equation Model (SEM). In International Journal of Business (Vol. 4, Number 2).
Khovivah, A. N., & Hetty Muniroh. (2023). Pengaruh Literasi Keuangan, Sikap Keuangan Dan Tingkat Pendidikan Terhadap Perilaku Manajemen Keuangan Pada Pelaku Umkm Di Kecamatan Rembang. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 9(1), 58–64. https://doi.org/10.35870/jemsi.v9i1.925
NERACA. (2026, January 27). Hanya 46% UMKM yang Pisahkan Keuangan Bisnis dan Personal - Riset OCBC Business Fitness Index. Harian Ekonomi Neraca.
Nurjanah, R., Surhayani, S., & Asiah, N. (2022). Faktor Demografi, Literasi Keuangan, Sikap Keuangan terhadap perilaku pengelolaan keuangan pada UMKM di Kabupaten Bekasi. Jurnal Akuntansi Bisnis Pelita Bangsa.
https://doi.org/https://doi.org/10.37366/akubis.v7i01.431
Oktaviani, N. F., Sri Yuniar, E., Patimah, T., Manajemen, P., Ekonomi, F., & Bisnis, D. (2023). Identifikasi Pengaruh Financial Knowledge, dan Financial Attitude Terhadap Financial Behavior Pada UMKM Bordir Di Kota Tasikmalaya. https://doi.org/https://jurnal.ulb.ac.id/index.php/ecobisma/article/view/3387/2952
Pramesti, A., Solikhin, A., & Dewi, E. (2024). Pengaruh Tingkat Pendidikan, Pengetahuan Keuangan Dan Perencanaan Keuangan Terhadap Perilaku Pengelolaan Keuangan Pada Pelaku Umk Bidang Kuliner Di Kecamatan Jambi Timur Kota Jambi. Integrative Perspectives of Social and Science Journal (IPSSJ). https://repository.unja.ac.id/89424/1/Jurnal.pdf
Putri, D. A. (2020). Faktor-Faktor Yang Mempengaruhi Perilaku Manajemen Keuangan Pelaku UMKM. https://ojs.stiesa.ac.id/index.php/prisma
Sugiyono. (2022). Metode Penelitian Kuantitatif, Kualitatif, dan R&D (2nd ed.). Alfabeta.
Tampubolon, M., & Rahmadani, R. (2022). Pengaruh pengetahuan keuangan, sikap keuangan dan kepribadian terhadap perilaku manajemen keuangan pada pelaku UMKM di Kecamatan Air Putih Kabupaten Batubara. Jurnal Akuntansi, Manajemen, Bisnis Dan Teknologi, 2(1), 70–79.
https://doi.org/https://doi.org/10.56870/ambitek.v2i1.38
Tanjung, A. A., & Triyani, R. A. (2023). Pengaruh Tingkat Pengetahuan Keuangan, Sikap Keuangan dan Kepribadian Terhadap Perilaku Manajemen Keuangan. Owner, 7(3), 2301–2315. https://doi.org/10.33395/owner.v7i3.1604
Wardhani, S. B., & Irawati Z. (2025). Paradoks: Jurnal Ilmu Ekonomi 8(1) (2025) | 1561. PARADOKS Jurnal Ilmu Ekonomi, 8(1), 2025.
https://doi.org/https://doi.org/10.57178/paradoks.v8i2.1325
Wicaksono, A. M. T., & Takarin, N. (2024). Analisis Financial Management Behavior Mahasiswa FEB Penerima KIP-K UPN 'Veteran" Analisis Financial Management Behavior Mahasiswa FEB Penerima KIP-K UPN “Veteran” Jawa Timur (Vol. 20). https://doi.org/https://doi.org/10.30603/ab.v20i2.5242
Wijayanti, N. R., & Wikartika, I. (2024). Analysis Of Financial Management Behavior Of Students From The Faculty Of Economics And Business, UPN “VETERAN” Jawa Timur Shopeepay Users Analysis of Financial. In Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) (Vol. 7, Number 3).
https://doi.org/https://doi.org/10.31538/iijse.v7i3.5494
World Bank. (2025). SME Finance. World Bank Group.
https://www.worldbank.org/en/topic/smefinance
Yessica, A., Kusnanto, E., & Permana, N. (2023). Pengaruh Pengetahuan Keuangan, Sikap dan Kepribadian terhadap Perilaku Manajemen Keuangan Pelaku UMKM. Jurnal Ekobistek, 12(2), 533–538. https://doi.org/10.35134/ekobistek.v12i2.533
Yusnita, R. R., Asril, & Yanti, R. F. (2022). Pengaruh Literasi Keuangan, Sikap Keuangan, Kepribadian, dan Pendapatanterhadap Perilaku Pengelolaan Keuangan UMKMFashion di Kecamatan Marpoyan Damai.
Published
2026-07-27
How to Cite
Safitri, I., & Takarini, N. (2026). The influence of financial knowledge, education level, and personality on financial management behavior among MSME owners in Kampung Kue Rungkut, Surabaya. Journal of Management : Small and Medium Enterprises (SMEs), 19(2), 1959-1968. https://doi.org/10.35508/jom.v19i2.29422
Section
Articles
