{"id":"https://openalex.org/W7204133991","doi":"https://doi.org/10.26905/afr.v9i2.16965","title":"Financial literacy, FinTech, and self-control in explaining Indonesian MSMEs\u2019 financial well-being","display_name":"Financial literacy, FinTech, and self-control in explaining Indonesian MSMEs\u2019 financial well-being","publication_year":2026,"publication_date":"2026-07-30","ids":{"openalex":"https://openalex.org/W7204133991","doi":"https://doi.org/10.26905/afr.v9i2.16965"},"language":"en","primary_location":{"id":"doi:10.26905/afr.v9i2.16965","doi":"https://doi.org/10.26905/afr.v9i2.16965","is_oa":true,"landing_page_url":"https://doi.org/10.26905/afr.v9i2.16965","pdf_url":null,"source":{"id":"https://openalex.org/S4210195261","display_name":"AFRE (Accounting and Financial Review)","issn_l":"2598-7763","issn":["2598-7763","2598-7771"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310315003","host_organization_name":"Universitas Merdeka Malang","host_organization_lineage":["https://openalex.org/P4310315003"],"host_organization_lineage_names":["Universitas Merdeka Malang"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"AFRE (Accounting and Financial Review)","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.26905/afr.v9i2.16965","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5036967509","display_name":"Adibah Yahya","orcid":"https://orcid.org/0000-0001-9722-9722","observed_orcids":["https://orcid.org/0000-0001-9722-9722"]},"institutions":[{"id":"https://openalex.org/I4392738161","display_name":"Universitas Pelita Bangsa","ror":"https://ror.org/00deq0f50","country_code":"ID","type":"education","lineage":["https://openalex.org/I4392738161"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Adibah Yahya","raw_affiliation_strings":["Department of Entrepreneurship, Faculty of Economics and Business, Pelita Bangsa University"],"raw_orcid":"https://orcid.org/0000-0001-9722-9722","affiliations":[{"raw_affiliation_string":"Department of Entrepreneurship, Faculty of Economics and Business, Pelita Bangsa University","institution_ids":["https://openalex.org/I4392738161"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5030647077","display_name":"Nelson Lajuni","orcid":"https://orcid.org/0000-0001-9330-6639","observed_orcids":["https://orcid.org/0000-0001-9330-6639"]},"institutions":[{"id":"https://openalex.org/I161371597","display_name":"Universiti of Malaysia Sabah","ror":"https://ror.org/040v70252","country_code":"MY","type":"education","lineage":["https://openalex.org/I161371597"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Nelson Lajuni","raw_affiliation_strings":["Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah"],"raw_orcid":"https://orcid.org/0000-0001-9330-6639","affiliations":[{"raw_affiliation_string":"Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah","institution_ids":["https://openalex.org/I161371597"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5068826240","display_name":"Rina Nurjanah","orcid":"https://orcid.org/0009-0009-2797-0828","observed_orcids":["https://orcid.org/0009-0009-2797-0828"]},"institutions":[{"id":"https://openalex.org/I4392738161","display_name":"Universitas Pelita Bangsa","ror":"https://ror.org/00deq0f50","country_code":"ID","type":"education","lineage":["https://openalex.org/I4392738161"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Rina Nurjanah","raw_affiliation_strings":["Department of Entrepreneurship, Faculty of Economics and Business, Pelita Bangsa University"],"raw_orcid":"https://orcid.org/0009-0009-2797-0828","affiliations":[{"raw_affiliation_string":"Department of Entrepreneurship, Faculty of Economics and Business, Pelita Bangsa University","institution_ids":["https://openalex.org/I4392738161"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5120651817","display_name":"Indra Rachmawati","orcid":"https://orcid.org/0009-0002-7555-051X","observed_orcids":["https://orcid.org/0009-0002-7555-051X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Indra Rachmawati","raw_affiliation_strings":["Department of Entrepreneurship, Faculty of Social Sciences, Al-Irsyad University"],"raw_orcid":"https://orcid.org/0009-0002-7555-051X","affiliations":[{"raw_affiliation_string":"Department of Entrepreneurship, Faculty of Social Sciences, Al-Irsyad University","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5148011200","display_name":"Nasya Nabila Diah Ananda","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4392738161","display_name":"Universitas Pelita Bangsa","ror":"https://ror.org/00deq0f50","country_code":"ID","type":"education","lineage":["https://openalex.org/I4392738161"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Nasya Nabila Diah Ananda","raw_affiliation_strings":["Department of Entrepreneurship, Faculty of Economics and Business, Pelita Bangsa University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Entrepreneurship, Faculty of Economics and Business, Pelita Bangsa University","institution_ids":["https://openalex.org/I4392738161"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":12.0025,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":{"value":0.96868056,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":96},"biblio":{"volume":"9","issue":"2","first_page":"220","last_page":"234"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13744","display_name":"Financial Literacy and Behavior","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13744","display_name":"Financial Literacy and Behavior","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-literacy","display_name":"financial literacy","score":0.984000027179718},{"id":"https://openalex.org/keywords/fintech","display_name":"fintech","score":0.8460000157356262},{"id":"https://openalex.org/keywords/self-control","display_name":"self-control","score":0.9890000224113464},{"id":"https://openalex.org/keywords/financial-well-being","display_name":"financial well-being","score":0.9850000143051147},{"id":"https://openalex.org/keywords/micro-small-and-medium-enterprises","display_name":"micro, small and medium enterprises","score":0.9020000100135803},{"id":"https://openalex.org/keywords/financial-performance","display_name":"financial performance","score":0.7409999966621399},{"id":"https://openalex.org/keywords/knowledge-action-gap","display_name":"knowledge-action gap","score":0.8389999866485596},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.7250000238418579},{"id":"https://openalex.org/keywords/msme-owners","display_name":"MSME owners","score":0.6610000133514404},{"id":"https://openalex.org/keywords/indonesia","display_name":"Indonesia","score":0.7229999899864197}],"concepts":[{"id":"https://openalex.org/C2777941463","wikidata":"https://www.wikidata.org/wiki/Q1416374","display_name":"Financial literacy","level":2,"score":0.8162999749183655},{"id":"https://openalex.org/C93225998","wikidata":"https://www.wikidata.org/wiki/Q1941972","display_name":"Moderation","level":2,"score":0.7379999756813049},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5645999908447266},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5045999884605408},{"id":"https://openalex.org/C98014903","wikidata":"https://www.wikidata.org/wiki/Q832161","display_name":"Financial ratio","level":2,"score":0.48069998621940613},{"id":"https://openalex.org/C71199308","wikidata":"https://www.wikidata.org/wiki/Q2990807","display_name":"Accounting management","level":3,"score":0.47850000858306885},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.45019999146461487},{"id":"https://openalex.org/C130731218","wikidata":"https://www.wikidata.org/wiki/Q1363554","display_name":"Financial analysis","level":2,"score":0.4101000130176544},{"id":"https://openalex.org/C71104824","wikidata":"https://www.wikidata.org/wiki/Q1476639","display_name":"Structural equation modeling","level":2,"score":0.39430001378059387},{"id":"https://openalex.org/C108578832","wikidata":"https://www.wikidata.org/wiki/Q7621835","display_name":"Strategic financial management","level":3,"score":0.3898000121116638},{"id":"https://openalex.org/C2777267654","wikidata":"https://www.wikidata.org/wiki/Q3519023","display_name":"Test (biology)","level":2,"score":0.38449999690055847},{"id":"https://openalex.org/C196390999","wikidata":"https://www.wikidata.org/wiki/Q11655436","display_name":"Indirect finance","level":3,"score":0.38019999861717224},{"id":"https://openalex.org/C506796395","wikidata":"https://www.wikidata.org/wiki/Q4738155","display_name":"Financial management","level":2,"score":0.3619999885559082},{"id":"https://openalex.org/C540431452","wikidata":"https://www.wikidata.org/wiki/Q16319025","display_name":"FinTech","level":3,"score":0.35199999809265137},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.34929999709129333},{"id":"https://openalex.org/C27574286","wikidata":"https://www.wikidata.org/wiki/Q320723","display_name":"Variables","level":2,"score":0.34769999980926514},{"id":"https://openalex.org/C610760","wikidata":"https://www.wikidata.org/wiki/Q1340706","display_name":"Endogeneity","level":2,"score":0.34709998965263367},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.3433000147342682},{"id":"https://openalex.org/C27415008","wikidata":"https://www.wikidata.org/wiki/Q7256382","display_name":"Psychological intervention","level":2,"score":0.33469998836517334},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.2994000017642975},{"id":"https://openalex.org/C12713177","wikidata":"https://www.wikidata.org/wiki/Q1900281","display_name":"Perspective (graphical)","level":2,"score":0.2906000018119812},{"id":"https://openalex.org/C2779251847","wikidata":"https://www.wikidata.org/wiki/Q60852","display_name":"Financial inclusion","level":3,"score":0.2858999967575073},{"id":"https://openalex.org/C191654821","wikidata":"https://www.wikidata.org/wiki/Q247506","display_name":"Financial instrument","level":2,"score":0.2847999930381775},{"id":"https://openalex.org/C70179600","wikidata":"https://www.wikidata.org/wiki/Q1416547","display_name":"Financial plan","level":2,"score":0.28220000863075256},{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.2809000015258789},{"id":"https://openalex.org/C510755694","wikidata":"https://www.wikidata.org/wiki/Q281095","display_name":"Financial regulation","level":2,"score":0.2791999876499176},{"id":"https://openalex.org/C2779207338","wikidata":"https://www.wikidata.org/wiki/Q9240","display_name":"Indonesian","level":2,"score":0.27070000767707825},{"id":"https://openalex.org/C152877465","wikidata":"https://www.wikidata.org/wiki/Q208042","display_name":"Regression analysis","level":2,"score":0.2694999873638153},{"id":"https://openalex.org/C182365436","wikidata":"https://www.wikidata.org/wiki/Q50701","display_name":"Variable (mathematics)","level":2,"score":0.2689000070095062},{"id":"https://openalex.org/C23925645","wikidata":"https://www.wikidata.org/wiki/Q5449731","display_name":"Financial modeling","level":2,"score":0.26260000467300415},{"id":"https://openalex.org/C134121241","wikidata":"https://www.wikidata.org/wiki/Q899301","display_name":"Yield (engineering)","level":2,"score":0.2603999972343445},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.2599000036716461},{"id":"https://openalex.org/C65146658","wikidata":"https://www.wikidata.org/wiki/Q1416431","display_name":"Financial intermediary","level":2,"score":0.25429999828338623},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.2500999867916107}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.26905/afr.v9i2.16965","doi":"https://doi.org/10.26905/afr.v9i2.16965","is_oa":true,"landing_page_url":"https://doi.org/10.26905/afr.v9i2.16965","pdf_url":null,"source":{"id":"https://openalex.org/S4210195261","display_name":"AFRE (Accounting and Financial Review)","issn_l":"2598-7763","issn":["2598-7763","2598-7771"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310315003","host_organization_name":"Universitas Merdeka Malang","host_organization_lineage":["https://openalex.org/P4310315003"],"host_organization_lineage_names":["Universitas Merdeka Malang"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"AFRE (Accounting and Financial Review)","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:a43b4d98eeea4671b075bd52c4dca59c","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/a43b4d98eeea4671b075bd52c4dca59c","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"AFRE (Accounting and Financial Review), Vol 9, Iss 2, Pp 220-234 (2026)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.26905/afr.v9i2.16965","doi":"https://doi.org/10.26905/afr.v9i2.16965","is_oa":true,"landing_page_url":"https://doi.org/10.26905/afr.v9i2.16965","pdf_url":null,"source":{"id":"https://openalex.org/S4210195261","display_name":"AFRE (Accounting and Financial Review)","issn_l":"2598-7763","issn":["2598-7763","2598-7771"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310315003","host_organization_name":"Universitas Merdeka Malang","host_organization_lineage":["https://openalex.org/P4310315003"],"host_organization_lineage_names":["Universitas Merdeka Malang"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"AFRE (Accounting and Financial Review)","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.833299994468689,"display_name":"Decent work and economic growth"}],"study_designs":[{"id":"https://openalex.org/study-designs/observational-study","display_name":"Observational Study"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W7219864129","https://openalex.org/W7215457357","https://openalex.org/W7160866137","https://openalex.org/W7128437884","https://openalex.org/W4393130910","https://openalex.org/W4411729563","https://openalex.org/W4390812715","https://openalex.org/W7217942666","https://openalex.org/W4415693422","https://openalex.org/W7127047932"],"abstract_inverted_index":{"This":[0],"research":[1],"investigates":[2],"the":[3,20,29,32,50,100,106,130,171,178,196,212,220],"determinants":[4],"of":[5,22,34,109,173,180,214,224],"financial":[6,23,26,35,81,84,92,107,112,120,158,168,204,215,222],"well-being":[7],"among":[8],"Micro,":[9],"Small,":[10],"and":[11,25,72,135,160,203,211],"Medium":[12],"Enterprise":[13],"(MSME)":[14],"owners":[15],"in":[16,104,129,170],"Indonesia,":[17],"specifically":[18],"analyzing":[19],"impact":[21],"literacy":[24,82],"technology.":[27],"Additionally,":[28],"study":[30,51,190],"explores":[31],"potential":[33],"performance":[36,113,138],"to":[37,67,195,217],"serve":[38],"as":[39,99,126,140],"a":[40,47,87,115,127,146,152,192],"moderating":[41,73],"variable":[42],"within":[43],"this":[44,189],"framework.":[45],"Adopting":[46],"quantitative":[48],"methodology,":[49],"analyzed":[52],"primary":[53],"data":[54],"collected":[55],"from":[56],"MSME":[57],"practitioners":[58],"using":[59],"Partial":[60],"Least":[61],"Squares":[62],"Structural":[63],"Equation":[64],"Modeling":[65],"(PLS-SEM)":[66],"test":[68],"both":[69],"direct":[70,89,117],"paths":[71],"effects.":[74],"The":[75],"empirical":[76],"results":[77],"indicate":[78],"that":[79,201],"neither":[80],"nor":[83],"technology":[85],"possesses":[86],"significant":[88,116],"influence":[90],"on":[91],"well-being.":[93,136],"In":[94],"contrast,":[95],"self-control":[96],"was":[97],"identified":[98],"most":[101],"dominant":[102],"factor":[103],"enhancing":[105],"status":[108],"entrepreneurs.":[110],"While":[111],"demonstrates":[114],"correlation":[118],"with":[119],"well-being,":[121],"it":[122,199],"does":[123,163],"not":[124,164],"function":[125],"moderator":[128],"relationship":[131],"between":[132],"literacy,":[133],"technology,":[134],"Instead,":[137],"acts":[139],"an":[141],"independent":[142],"predictor":[143],"rather":[144],"than":[145],"reinforcing":[147],"mechanism.":[148],"These":[149],"findings":[150],"underscore":[151],"notable":[153],"\"knowledge\u2013action":[154],"gap,\"":[155],"where":[156],"possessing":[157],"expertise":[159],"technological":[161],"access":[162],"automatically":[165],"yield":[166],"positive":[167],"outcomes":[169],"absence":[172],"disciplined":[174],"behavior.":[175],"By":[176],"highlighting":[177],"primacy":[179],"psychological":[181],"attributes\u2014specifically":[182],"self-control\u2014over":[183],"purely":[184],"cognitive":[185],"or":[186],"technical":[187],"factors,":[188],"contributes":[191],"fresh":[193],"perspective":[194],"literature.":[197],"Practically,":[198],"suggests":[200],"policymakers":[202],"educators":[205],"should":[206],"pivot":[207],"toward":[208],"behavioral":[209],"interventions":[210],"cultivation":[213],"discipline":[216],"effectively":[218],"bolster":[219],"long-term":[221],"health":[223],"MSMEs.":[225]},"counts_by_year":[{"year":2026,"cited_by_count":2}],"updated_date":"2026-11-12T12:28:57.059296","created_date":"2026-08-25T00:00:00"}