Analysis of the Relation between Financial Literacy and Entrepreneur

Abstract

Financial literacy is the ability to understand and effectively use various financial skills, including financial management, budgeting, and investing. Although financial literacy has been acknowledged as one of the significant factors to boost the business's growth, there is scarce information on financial literacy and entrepreneurship in the previous studies. The paper aims to analyse related literature on financial literacy and entrepreneurship between 2010 and 2020. The methodology of this paper is through systematic literature review analysis. The paper employed Preferred Reporting Items for Systematic reviews and Meta-Analyses (PRISMA) Statement to analyse 44 related articles obtained from the Scopus database. The review has been categorised in terms of year of publication, classification of the journal, research approaches, list of authors’ number and types of studies of financial literacy and entrepreneurship. The findings of this paper offer insight into the publication patterns of financial literacy and entrepreneurship and potential avenues for future publication. The study also recommends the future research to embark into further study on financial literacy and entrepreneurship, and expanding the period of the study