FINANCIAL LITERACY AS A FACTOR IN REDUCING ENTREPRENEURIAL RISK
Abstract:
Identification of factors that may affect the entrepreneurial success is an important issue for researchers and practitioners, especially in economies where lack of capital and institutional support impose severe restrictions on the business growth. This paper aims to investigate the impact of comprehensive business and financial literacy of entrepreneurs on financial performance of their businesses. Based on previous research it has been found that different types of education and training provide different results in terms of business outcome. Although it was not proven that subsequently acquired financial literacy can significantly influence business survival, it may still contribute to the improvement of business practices in terms of better investment, loans and hence better financial results.
CITATION:
IEEE format
G. Avlijaš, R. Avlijaš, M. Heleta, “FINANCIAL LITERACY AS A FACTOR IN REDUCING ENTREPRENEURIAL RISK,” in FINIZ 2014 - The Role of Financial Reporting in Corporate Governance, Belgrade, Singidunum University, Serbia, 2014, pp. 112-114. doi: 10.15308/finiz-2014-112-114
APA format
Avlijaš, G., Avlijaš, R., Heleta, M. (2014). FINANCIAL LITERACY AS A FACTOR IN REDUCING ENTREPRENEURIAL RISK. Paper presented at FINIZ 2014 - The Role of Financial Reporting in Corporate Governance. doi:10.15308/finiz-2014-112-114
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