FIRM CHARACTERISTICS AS DRIVERS OF ENTREPRENEURS' FINANCIAL LITERACY

Abstract

Small firms play a key role in the economy and their management is influenced by different factors, such as having an adequate level of financial literacy. Using data from the Survey of Small Enterprises' Financial Literacy, this paper analyses whether the size, sector and exporting nature of firms relate to the level of financial literacy of their owners/managers. Evidence shows a positive relationship between firm size and the financial literacy of their owners.

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