An Analysis of Financial Literacy and Financial Well-Being inRelation to Sustainable Development Goals (SDGs) Among Women Entrepreneurs in The Federal Territory of Putrajaya, Malaysia

Introduction: The topic of financial literacy has garnered significant attention from both governmental bodies ‎and individuals. Numerous studies have been conducted regarding financial literacy. Several studies have ‎examined the relationship between financial literacy and financial behavior, revealing that financial literacy ‎significantly influences financial behavior.‎ Objectives: The study attempts to examine the financial literacy and financial well-being among women ‎entrepreneurs in the Federal Territory of Putrajaya, Malaysia, by aligning with SDG1, SDG8, and SDG10. There ‎are two dimensions in financial literacy (financial behavior and financial attitude), while financial knowledge as ‎a moderator is included in the current study.‎ Methods: This study investigates the key determinants of financial well-being among a sample of 75 women ‎entrepreneurs in the Federal Territory of Putrajaya, Malaysia. Using a quantitative approach, the researchers ‎employed structured partial least squares modelling with SmartPLS version 4 software. A stratified random ‎sampling technique, followed by quota sampling, was utilized to ensure equitable representation of the ‎population. The measurement questions were adopted from prior research and adapted to suit the context of ‎this study.‎ Results: This study highlights that all variables play a crucial role in influencing the financial well-being of ‎women entrepreneurs in the Federal Territory of Putrajaya, Malaysia. Therefore, all antecedent factors must be ‎considered as they impact their financial well-being.‎ Conclusions: Future research should focus on the wide spectrum of women entrepreneurs in Malaysia to ‎improve their financial well-being as well as Malaysia’s performance in economic growth. By understanding ‎the relationship between financial literacy dimensions and financial knowledge, women entrepreneurs can better ‎enhance their financial well-being‎.