Pengaruh Literasi Keuangan yang Dimoderasi Tata Kelola Keuangan terhadap Kinerja Keuangan UMKM Rumah Makan di Kecamatan Cisaat Kabupaten Sukabumi

Fitriani Fitriani; Iqbal Noor; Acep Suherman

doi:10.30640/inisiatif.v5i3.7447

Authors

Fitriani Fitriani Universitas Muhammadiyah Sukabumi
Iqbal Noor Universitas Muhammadiyah Sukabumi
Acep Suherman Universitas Muhammadiyah Sukabumi

DOI:

https://doi.org/10.30640/inisiatif.v5i3.7447

Keywords:

Financial Governance, Financial Literacy, Financial Performance, MSMEs, PLS-SEM.

Abstract

This study aims to analyze the effect of financial literacy, consisting of financial knowledge, financial attitude, and financial awareness, on the financial performance of restaurant MSMEs in Cisaat District, Sukabumi Regency, with financial governance as a moderating variable. This research applied a quantitative approach using a survey method. Data were collected through questionnaires distributed to 80 owners or managers of restaurant MSMEs. The sampling technique used was purposive sampling, and the data were analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The results show that financial knowledge, financial attitude, and financial awareness do not significantly affect MSME financial performance. In contrast, financial governance has a positive and significant effect on financial performance. The moderation test indicates that financial governance does not moderate the relationship between financial knowledge, financial attitude, financial awareness, and financial performance. These findings suggest that the improvement of restaurant MSME financial performance is more strongly determined by practical, structured, and consistent financial governance than by financial literacy components alone.

References

Badan Pusat Statistik. (2024). Statistik Indonesia 2024. Jakarta: Badan Pusat Statistik.

Dinas Koperasi, Usaha Kecil dan Menengah Kabupaten Sukabumi. (2025). Data UMKM Kabupaten Sukabumi Tahun 2024-2025. Sukabumi: Dinas Koperasi, Usaha Kecil dan Menengah Kabupaten Sukabumi.

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.). Thousand Oaks: SAGE Publications.

Heliani, H., & Supriandi, S. (2025). Pengaruh tata kelola perusahaan, literasi keuangan, integrasi rantai pasok, dan akses pasar terhadap stabilitas keuangan UMKM Indonesia. Reviu Akuntansi dan Bisnis Indonesia, 9(3), 526-545. https://doi.org/10.18196/rabin.v9i3.26402

Ikatan Akuntan Indonesia. (2016). Standar Akuntansi Keuangan Entitas Mikro, Kecil, dan Menengah. Jakarta: Ikatan Akuntan Indonesia.

Martono, S., & Febriyanti, R. (2023). Pengaruh inklusi keuangan, literasi keuangan dan pengelolaan keuangan terhadap kinerja UMKM di Kota Salatiga. Jurnal Ekonomi Pendidikan dan Kewirausahaan, 11(2), 153-168. https://doi.org/10.26740/jepk.v11n2.p153-168

Nuraeni, D. N., Dai, R. M., & Thirafi, L. (2024). Pengaruh literasi keuangan dan perilaku keuangan terhadap kinerja UMKM pada UMKM Juara. Journal of Business and Economics Research (JBE), 5(2), 158-165. https://doi.org/10.47065/jbe.v5i2.5309

Otoritas Jasa Keuangan. (2022). Survei Nasional Literasi dan Inklusi Keuangan 2022. Jakarta: Otoritas Jasa Keuangan.

Padi, A., Musah, A., Blay, M. W., & Okyere, D. O. (2025). Small and medium scale enterprise (SME) owner financial literacy, entrepreneurial competencies and financial performance: The role of corporate governance. Future Business Journal, 11(1), 160. https://doi.org/10.1186/s43093-025-00585-9

Pramesylia, D. A., & Malik, A. (2025). Pengaruh literasi keuangan, kemudahan digital payment dan pengelolaan keuangan terhadap kinerja usaha mikro kecil dan menengah (UMKM) rumah makan warteg di Kota Cilegon.

Rahmawati, E. V., & Thoha, M. N. F. (2025). Tata kelola keuangan untuk meningkatkan efektivitas dan efisiensi pelaku UMKM Desa Girikerto, Sleman, Daerah Istimewa Yogyakarta, Tahun 2023. Jurnal Mutiara Ilmu Akuntansi, 3(2), 171-182. https://doi.org/10.55606/jumia.v3i2.3843

Rokhimah, Z. P., Sari, T. P., & Widodo, A. (2024). Pengaruh literasi keuangan, penggunaan informasi keuangan dan pengetahuan akuntansi pada kinerja UMKM di Kota Semarang. Jurnal Ilmiah Raflesia Akuntansi, 10(2), 893-902. https://doi.org/10.53494/jira.v10i2.660

Sofyani, H. (2023). Penentuan jumlah sampel pada penelitian akuntansi dan bisnis berpendekatan kuantitatif. Reviu Akuntansi dan Bisnis Indonesia, 7(2), 311-319. https://doi.org/10.18196/rabin.v7i2.19031

Sugiyono. (2022). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.

Suherman, A., Agoes, S., & Ahmar, N. (2025). Systematic literature review of entrepreneurial orientation, financial literacy, good governance, and digital leadership in the context of organizational performance. JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi), 9(3), 523-536. https://doi.org/10.36555/jasa.v9i3.2924

Wardani, A. T. K., Fahriani, D., Anwar, C., & Muzakki, K. (2025). Pengaruh literasi keuangan dan pengelolaan keuangan terhadap kinerja usaha UMKM Warung Madura, 9(2).