Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study

The aim of this study is to investigate whether the level of financial literacy differs significantly among entrepreneurs in three European countries: Italy, Spain, and the UK. Moreover, I analyze whether financial literacy fosters or hinders entrepreneurial resilience and success. I find that the l...

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Detalles Bibliográficos
Autor: Trombetta, Marco
Tipo de recurso: artículo
Fecha de publicación:2023
País:España
Institución:IE
Repositorio:Repositorio IE
OAI Identifier:oai:repositorio.ie.edu:20.500.14417/3775
Acceso en línea:https://doi.org/10.1016/j.jaccpubpol.2023.107078
https://hdl.handle.net/20.500.14417/3775
Access Level:acceso abierto
Palabra clave:53 Ciencias Económicas
ODS 3 - Salud y bienestar
ODS 1 - Fin de la pobreza
ODS 10 - Reducción de las desigualdades
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spelling Accounting and Finance Literacy and Entrepreneurship: an Exploratory StudyTrombetta, Marco53 Ciencias EconómicasODS 3 - Salud y bienestarODS 1 - Fin de la pobrezaODS 10 - Reducción de las desigualdadesThe aim of this study is to investigate whether the level of financial literacy differs significantly among entrepreneurs in three European countries: Italy, Spain, and the UK. Moreover, I analyze whether financial literacy fosters or hinders entrepreneurial resilience and success. I find that the level of basic financial literacy is significantly lower among entrepreneurs in the UK. I provide an explanation based on job opportunities arguing that basic financial literacy increases the chances of survival of a business, whereas advanced financial literacy decreases it. I propose a taxonomy linking levels of financial literacy with different approaches to financial management. I conclude that a “conservative” approach to financial management (cash based, debt-averse and diversified) is more likely to guarantee survival even if it is not necessarily the best way to maximize firm value.yesPublishedElsevierhttps://ror.org/02jjdwm75202520252023info:eu-repo/semantics/articleapplication/pdfapplication/pdfhttps://doi.org/10.1016/j.jaccpubpol.2023.107078https://hdl.handle.net/20.500.14417/3775reponame:Repositorio IEinstname:IEInglésIE Business SchoolIE UniversityAccounting & Management ControlAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.eninfo:eu-repo/semantics/openAccessoai:repositorio.ie.edu:20.500.14417/37752026-06-15T12:40:57Z
dc.title.none.fl_str_mv Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study
title Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study
spellingShingle Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study
Trombetta, Marco
53 Ciencias Económicas
ODS 3 - Salud y bienestar
ODS 1 - Fin de la pobreza
ODS 10 - Reducción de las desigualdades
title_short Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study
title_full Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study
title_fullStr Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study
title_full_unstemmed Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study
title_sort Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study
dc.creator.none.fl_str_mv Trombetta, Marco
author Trombetta, Marco
author_facet Trombetta, Marco
author_role author
dc.contributor.none.fl_str_mv https://ror.org/02jjdwm75
dc.subject.none.fl_str_mv 53 Ciencias Económicas
ODS 3 - Salud y bienestar
ODS 1 - Fin de la pobreza
ODS 10 - Reducción de las desigualdades
topic 53 Ciencias Económicas
ODS 3 - Salud y bienestar
ODS 1 - Fin de la pobreza
ODS 10 - Reducción de las desigualdades
description The aim of this study is to investigate whether the level of financial literacy differs significantly among entrepreneurs in three European countries: Italy, Spain, and the UK. Moreover, I analyze whether financial literacy fosters or hinders entrepreneurial resilience and success. I find that the level of basic financial literacy is significantly lower among entrepreneurs in the UK. I provide an explanation based on job opportunities arguing that basic financial literacy increases the chances of survival of a business, whereas advanced financial literacy decreases it. I propose a taxonomy linking levels of financial literacy with different approaches to financial management. I conclude that a “conservative” approach to financial management (cash based, debt-averse and diversified) is more likely to guarantee survival even if it is not necessarily the best way to maximize firm value.
publishDate 2023
dc.date.none.fl_str_mv 2023
2025
2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://doi.org/10.1016/j.jaccpubpol.2023.107078
https://hdl.handle.net/20.500.14417/3775
url https://doi.org/10.1016/j.jaccpubpol.2023.107078
https://hdl.handle.net/20.500.14417/3775
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv IE Business School
IE University
Accounting & Management Control
dc.rights.none.fl_str_mv Attribution-NonCommercial-NoDerivatives 4.0 International
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NonCommercial-NoDerivatives 4.0 International
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositorio IE
instname:IE
instname_str IE
reponame_str Repositorio IE
collection Repositorio IE
repository.name.fl_str_mv
repository.mail.fl_str_mv
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