Conferências UEM, X CONFERÊNCIA CIENTÍFICA 2018 "UEM fortalecendo a investigação e a extensão para o desenvolvimento"

Tamanho da fonte: 
A importância da literacia financeira para o empreendedorismo: uma revisão da literatura
Atanasio Jaime Cossa

Última alteração: 2018-08-15

Resumo


Recent developments have made people feel more financially anxious and throughout their business journey, entrepreneurs face complex decisions. Equipping entrepreneurs with financial literacy skills is believed to contribute to an improved understanding of financing options and the availability of financial support services, necessary to keep firms working daily and maintain them operating in the market. The present article intends to systematically review the literature on financial literacy and entrepreneurship as a way of preparing an empirical work in the Mozambican context. It is also intended to create a basis for identifying and suggesting research proposals in this area of ​​entrepreneurship and financial literacy of entrepreneurs. Thus we present a survey based over financial literacy and entrepreneurship relationships to identify the research gaps existing thus far. For its elaboration we resorted to the bibliographical research of several scientific articles, surveys and empirical literature available in the diverse scientific journals. On the one hand, it was observed that entrepreneurship plays a leading role in alleviating poverty, creating new employment opportunities, enabling individuals to make goods and services available, improving their well-being and improving economic growth and development. On the other hand, it was inferred that financial literacy enhances the decision-making process of individuals, allowing for appropriate choices on financial issues. Finally, it was found that financial literacy improves entrepreneurs' skills, making them confident in the decision-making process of savings and financial management of their enterprises. For future research, an empirical work in Mozambique is suggested to verify the correlation between financial literacy and entrepreneurship, considering gender, experience, academic level and training area, entrepreneurs' activity sector in the three regions (North, Center and South) and a comparison of the results with the studies performed in neighboring countries. We finish presenting policy directions regarding how financial literacy may be promoted as a way to ensure entrepreneurship survival and maintenance in the market, to ensure economic growth, employment creation and regional development.