| dc.description.abstract | Everyone has their own financial goals. In order to reach those goals, financial preparation is needed.
Financial preparation moreover should be possessed by micro, small, and medium enterprises due to their
uncertain income, beside of they should pay for labor expense. In order to prepare the financial, they need
sufficient financial literacy so that they can plan the financial properly including choose appropriate investment
strategy that is fitted with the personal risk profile. The financial challenge for micro, small, and medium
entrepreneurs is because they have greater financial risk due to unstable income. Beside that, entrepreneurs also
have temptation of consumptive lifestyle. Consumptive behavior is a common problem in cities. Various
facilities available on big cities invite the citizens to spend their money for excessive purchasing. Consumptive
behavior happened when a person spend his money to purchase nonproductive goods excessively only to satisfy
short term desire. In order to protect themselves from consumptive lifestyle temptation, micro, small, and
medium entrepreneurs should have sufficient financial literacy to realize their financial needs in the future.
Moreover they have additional financial goal which is to develop their business. The purpose of this research is
to discover the influence of family education, formal education in higher education and social environment on
financial literacy of micro, small, and medium enterprises. Also to know whether those effects also influence
entrepreneurship motivation. The sample used on this research is 300 micro, small, and medium entrepreneurs
using purposive sampling method. The research applied multiple linear regression to identify the influence. The
results showed that family education, formal, education, and social environment simultaneously and partially
influence financial literacy and entrepreneurship motivation, and also financial literacy influence
entrepreneurship motivation. | en_US |
