Revisiting the role of Financial Literacy on SMEs PerformanceThe mediating roles of firms’ risk orientation and alleviating financial constraints

  1. Daniel Ruiz-Palomo 1
  2. Julio Diéguez-Soto 1
  3. Domingo García Pérez de Lema 2
  1. 1 Universidad de Málaga
    info

    Universidad de Málaga

    Málaga, España

    ROR https://ror.org/036b2ww28

  2. 2 Universidad Politécnica de Cartagena
    info

    Universidad Politécnica de Cartagena

    Cartagena, España

    ROR https://ror.org/02k5kx966

Libro:
IX Jornada Internacional AECA sobre Valoración, Financiación y Gestión de Riesgos: actas. Cuenca 2022

Editorial: Asociación Española de Contabilidad y Administración de Empresas, AECA

ISBN: 978-84-19167-36-1

Año de publicación: 2022

Congreso: IX Jornada Internacional AECA de Valoración, Financiación y Gestión de Riesgos (9. 2022. Cuenca)

Tipo: Aportación congreso

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Resumen

This research aims to analyse the effect of the CEO's financial literacy on SME firm performance and the mediating roles of both the CEO risk-taking orientation and the alleviation of financial constraints. Using a sample of 310 Spanish SMEs, our findings show that both the risk-taking orientation and the reduction of financial constraints playa partial mediating role in understanding the relationship between financial literacy and firm performance. Thus, when CEO is more financially literate, it might produce a higher risk-taking propensity and, simultaneously, facilitate access to external financing, which, indeed, are much more likely to generate better performance in SMEs.

Fuente de los datos: Dialnet