The Influence of Financial Literacy and Financial Access on SME Performance with Financial Risk Attitude as a Mediating Variable (Study on SMEs in the Creative Economy Sector on Lombok Island)

This research focuses on assessing how financial literacy and financial access influence SME outcomes. 130 participants from the creative economy on Lombok Island were surveyed to gather data. Samples were chosen using purposive sampling and accidental sampling techniques, while Structural Equation Modeling-Partial Least Squares (SEM-PLS) was utilized for data analysis. This study shows that both access to finance and financial literacy positively influence SME performance, in contrast to the financial risk attitude, which has no impactful role in SME performance and does not serve as a mediator between financial literacy and access. This finding emphasizes the significance of enhancing financial literacy and access for better SME outcomes, while financial risk attitudes need to be managed so as not to hinder business development.