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The Financial Behavior Traits Impact On Financial Distress At Small Medium Enterprise’s (The Relationships Between The Industry And Sustainable Development In Indonesia)
[Full Text]
AUTHOR(S)
Lisa Marlina, Nisrul Irawati, Isfenti Sadalia, Iskandar Muda
KEYWORDS
financial distress, Financial behaviour, self control, planning, patience affect, Small Medium Enterprises, behaviour traits
ABSTRACT
The goal of this research is to identify the main factor that causes SMEs to experience financial distress. In this context, this research focus on behaviour traits which is their capacity of self control, planning and patience affect the ability to manage their finance and stay out of financial distress. Using SmartPLS Partial Least Square, data was analyzed. Data was collected by questionnaire and distributed to each of SMEs in coastal area who chosen by simple random sampling. Financial behavior has a positive and significant effect on financial distress. Furthermore, all of the three variables of financial behavior traits have a significant influence on financial distress.
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