Correo Electrónico
DNINFOA - SIA
Bibliotecas
Convocatorias
Identidad U.N.
Published
La educación financiera como mediadora entre la planeación financiera y el desempeño financiero en microemprendedores del sector solidario
Financial education as a mediator between financial planning and financial performance in microentrepreneurs of the solidarity sector
DOI:
https://doi.org/10.15446/cuad.econ.v43n91.104375Keywords:
educación financiera, planeación financiera, desempeño financiero, microemprendimiento cooperativo, ecuaciones estructurales, mínimos cuadrados parciales (PLS-SEM) (es)financial education, financial planning, financial performance, entrepreneurship, solidarity sector, structural equations, partial least squares (PLS-SEM) (en)
Downloads
Este artículo analiza si la educación financiera (EF) cumple un efecto mediador entre la planeación financiera (PF) y el desempeño financiero (DF) entre los microemprendedores usuarios del programa de microfinanzas asociados al sector solidario de una cooperativa de ahorro y crédito de Antioquia. Para ello, se empleó el método de ecuaciones estructurales y la estimación por mínimos cuadrados parciales. Los resultados muestran una relación positiva significativa entre la PF y la EF, así como entre EF y DF, lo cual evidencia un efecto mediador de la EF entre PF y DF.
This research analyzes whether financial education (EF) fulfills a mediating effect between financial planning (PF) and financial performance (FD) among microentrepreneurs who use the microfinance program associated with the solidarity sector of a savings and credit cooperative in Antioquia. For this, the method of structural equations and partial least squares estimation were used. Results show a significant positive relationship between FP and EF, as well as between EF and DF, which shows a mediating effect of EF between FP and DF.
References
Adomako, S., Danso, A., & Ofori-Damoah, J. (2016). The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana. Venture Capital, 18(1), 43-61. https://doi.org/10.1080/13691066.2015.1079952 DOI: https://doi.org/10.1080/13691066.2015.1079952
Ahmed, H., & Saleh, N. A. (2016). Inclusive Islamic financial planning: a conceptual framework. International Journal of Islamic and Middle Eastern Finance and Management, 9(2), 170-189. https://doi.org/10.1108/IMEFM-01-2015-0006 DOI: https://doi.org/10.1108/IMEFM-01-2015-0006
Alavi, M., & Leidner, D. E. (2001). Review: knowledge management and knowledge management systems: conceptual foundations and research issues. MIS Quarterly, 25(1), 107-136. https://doi.org/10.2307/3250961 DOI: https://doi.org/10.2307/3250961
Ali, H., Omar, E. N., Nasir, H. A., & Osman, M. R. (2018) Financial literacy of entrepreneurs in the small and medium enterprises. En F. Noordin, A. Othman & E. Kassim (Eds.), Proceedings of the 2nd Advances in Business Research International Conference (pp. 31-38). Springer. DOI: https://doi.org/10.1007/978-981-10-6053-3_4
Allgood, S., & Walstad, W. B. (2016). The effects of perceived and actual financial literacy on financial behaviors. Economic Inquiry, 54(1), 675-697. https://doi.org/10.1111/ecin.12255 DOI: https://doi.org/10.1111/ecin.12255
Arpana, D., & Swapna, H. R. (2020). Role of planning and risk taking as intervening constructs between financial well-being and financial literacy among professionals. International Journal of Economics and Financial Issues, 10(5), 145-149. https://doi.org/10.32479/ijefi.10466 DOI: https://doi.org/10.32479/ijefi.10466
Brahmana, R. K., & Brahmana, R. K. (2016). The financial planning and financial literacy of ex-Malaysia Indonesian migrant workers. Acta Oeconomica Pragensia, 24(5), 47-59. https://doi.org/10.18267/j.aop.557 DOI: https://doi.org/10.18267/j.aop.557
Cabrera-Bravo, C., Fuentes-Zurita, M., & Cerezo-Segovia, G. (2017). La gestión financiera aplicada a las organizaciones. Dominio de las Ciencias, 3(4), 220-231. https://doi.org/10.23857/dom.cien.pocaip.2017.3.4.oct.220-232 DOI: https://doi.org/10.23857/dom.cien.pocaip.2017.3.4.oct.220-232
Carleton, W., Dick, C., & Downes, D. (1973). Financial policy models: theory and practice. The Journal of Financial and Quantitative Analysis, 8(5), 691-709. https://doi.org/10.2307/2329977 DOI: https://doi.org/10.2307/2329977
Cepeda-Carrion, G., Cegarra-Navarro, J. -G., & Cillo, V. (2019). Tips to use partial least squares structural equation modelling (PLS-SEM) in knowledge management. Journal of Knowledge Management, 23(1), 67-89. https://doi.org/10.1108/JKM-05-2018-0322 DOI: https://doi.org/10.1108/JKM-05-2018-0322
Chakravarty, S., & Shahriar, A. Z. M. (2015). Selection of borrowing partners in joint liability–based microcredit: evidence from framed field experiments in Bangladesh. Entrepreneurship Theory and Practice, 39(1), 129-144. https://doi.org/10.1111/etap.12142 DOI: https://doi.org/10.1111/etap.12142
Chelangat, V., & Sang, P. K. (2018). Effect of financial planning on financial sustainability of public governance non-governmental organizations in Nairobi County, Kenya. International Journal of Current Aspects, 2(5), 37-45. https://www.ijcab.org/201800862/
Congreso de la República de Colombia. (2009). Ley 1328. Por la cual se dictan normas en materia financiera, de seguros, del mercado de valores y otras disposiciones. http://www.secretariasenado.gov.co/senado/basedoc/ley_1328_2009.html
Córdoba-Padilla, M. (2008). Gestión financiera. Ecoe.
Correa, G. J. A., Ramírez-Bedoya, L. J., & Castaño-Ríos, C. A. (2010). La importancia de la planeación financiera en la elaboración de los planes de negocio y su impacto en el desarrollo empresarial. Revista Facultad de Ciencias Económicas: Investigación y Reflexión, 18(1), 179-194. http://www.scielo.org.co/scielo.php?script=sci_arttext&pid=S0121-68052010000100011&lng=en&tlng=es DOI: https://doi.org/10.18359/rfce.2287
Dunn, P., & Liang, K. (2011). A comparison of entrepreneurship/small business and finance professors’ reaction to selected entrepreneurial and small business financial planning and management issues. Journal of Entrepreneurship Education,, 14, 93-104. https://www.proquest.com/openview/e9f5f65148b68310c0cf1bd02fff5135/1?pq-origsite=gscholar&cbl=28224
Engström, P., & McKelvie, A. (2017). Financial literacy, role models, and micro- enterprise performance in the informal economy. International Small Business Journal, 35(7), 855-875. https://doi.org/10.1177/0266242617717159 DOI: https://doi.org/10.1177/0266242617717159
Eniola, A. A., & Entebang, H. (2016). Financial literacy and SME firm performance. International Journal of Research Studies in Management, 5(1), 31-43. https://doi.org/10.5861/ijrsm.2015.1304 DOI: https://doi.org/10.5861/ijrsm.2015.1304
Eniola, A. A., & Entebang, H. (2017). SME managers and financial literacy. Global Business Review, 18(3), 559-576. https://doi.org/10.1177/0972150917692063 DOI: https://doi.org/10.1177/0972150917692063
García, N., Grifoni, A., & López, J. (2013). La educación financiera en América Latina y el Caribe. Situación actual y perspectivas. Serie Políticas Públicas y Transformación Productiva, 12. http://www.oecd.org/daf/fin/financial-education/OECD_CAF_Financial_Education_Latin_AmericaES.pdf
García-Bohórquez, N. (2012). El impacto de la educación económica y financiera en los jóvenes: el caso de Finanzas para el Cambio. Borradores de Economía, 687. Banco de la República. https://doi.org/10.32468/be.687 DOI: https://doi.org/10.32468/be.687
Global Entrepreneurship Monitor (GEM). (2023). Global Entrepreneurship Monitor 2022/2023 Global Report: Adapting to a “New Normal”. GEM. https://www.gemconsortium.org/reports/latest-global-report
Hair, J. F., Howard, M., & Nitzl, C. (2020). Assessing measurement model quality in PLS-SEM using confirmatory composite analysis. Journal of Business Research, 109, 101-110. https://doi.org/10.1016/j.jbusres.2019.11.069 DOI: https://doi.org/10.1016/j.jbusres.2019.11.069
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2-24. https://doi.org/10.1108/EBR-11-2018-0203 DOI: https://doi.org/10.1108/EBR-11-2018-0203
Hung, A. A., Parker, A. M., & Yoong, J. K. (2009). Defining and measuring financial literacy. Working Paper No. WR-708. RAND Corporation. https://doi.org/10.2139/ssrn.1498674 DOI: https://doi.org/10.2139/ssrn.1498674
Ikrama, S. (2019). An empirical study on the performance of micro and small enterprises and the financial planning managerial practices. SEDME (Small Enterprises Development, Management y Extension Journal), 46(4), 248-255. https://doi.org/10.1177/0970846419894755 DOI: https://doi.org/10.1177/0970846419894755
Kang’aru, P. N., & Tirimba, I. (2018). Effect of financial planning practices on the financial performance of non profit making health organizations in Kiambu County, Kenya. International Journal of Scientific and Research Publications (IJSRP), 8(5), 599-623. https://doi.org/10.29322/ijsrp.8.5.2018.p7778 DOI: https://doi.org/10.29322/IJSRP.8.5.2018.p7778
Martínez, A. D., Russell, Z. A., Maher, L. P., Brandon-Lai, S. A., & Ferris, G. R. (2017). The sociopolitical implications of firm reputation: firm financial reputation × social reputation interaction on firm financial performance. Journal of Leadership and Organizational Studies, 24(1), 55-64. https://doi.org/10.1177/1548051816656005 DOI: https://doi.org/10.1177/1548051816656005
Masilo, A. E., & Gómez-Aguirre, M. (2016). Estudio de revisión sobre la planeación financiera y propuesta de modelo empírico para PYMES de México. CIMEXUS, 11(2), 73-106. https://dialnet.unirioja.es/servlet/articulo?codigo=5886615
Mengel, S., & Wouters, M. (2015). Financial planning and control in very small start-up companies: antecedents and effects on company performance. International Journal of Entrepreneurship and Small Business, 26(2), 191-216. https://doi.org/10.1504/IJESB.2015.071824 DOI: https://doi.org/10.1504/IJESB.2015.071824
Nagy, C. (2014). The importance of financial planning of romanian SME’S in the XXI century. Analele Universitatii “Eftimie Murgu” Resita. Studii Economice, 2, 232-241. https://web.s.ebscohost.com/abstract?direct=true&profile=ehost&scope=site&authtype=crawler&jrnl=23446315&AN=100039668&h=YxQ1XEswCea0Yt1iBV04o7p1YeBUr1eKnApWxql7K028VEWFWDezWPovZzGXXU8ddTNuJGnJge%2f6NtVbXUl2pg%3d%3d&crl=c&resultNs=AdminWebAuth&resultLocal=ErrCrlNotAuth&crlhashurl=login.aspx%3fdirect%3dtrue%26profile%3dehost%26scope%3dsite%26authtype%3dcrawler%26jrnl%3d23446315%26AN%3d100039668
Organización para la Cooperación y el Desarrollo Económicos (OCDE). (2005). Educación y alfabetización financiera para la América Latina y el Caribe. OCDE.
Organización para la Cooperación y el Desarrollo Económicos (OCDE). (2018). Kit de herramientas OCDE/INFE para medir alfabetización e inclusión financiera. Centro OCDE/CVM de Educación y Alfabetización Financiera para la América Latina y el Caribe. https://www.oecd.org/financial/education/2018-oecd-infe-toolkit-for-measuring-financial-literacy-and-financial-inclusion-spanish.pdf
Ortiz-Anaya, H. (2018). Análisis financiero aplicado. Universidad Externado de Colombia.
Puente, M. I. (2017). Planeación financiera y la gestión empresarial. Revista Observatorio de la Economía Latinoamericana, 238, 1-8. http://www.eumed.net/cursecon/ecolat/ec/2017/gestion-empresarial.html
Rodríguez-Castellanos, R. (2002). Gestión del conocimiento y finanzas: una vinculación necesaria. Real Academia de Ciencias Económicas y Financieras.
Saavedra, M., & Espíndola, G. (2016). El uso de la planeación financiera en las PYMES de TI de México. Ciencias Administrativas, 8, 15-33. https://www.redalyc.org/articulo.oa?id=511653788003
Sakwa, M., Namusonge, G. S., & Mutai, P. C. (2018). Effect of financial planning and budgeting practices on performance of county governments in Kenya. International Journal of Social Sciences and Information Technology, 4(8), 86-98. https://www.ijssit.com/main/wp- content/uploads/2018/10/Effect-Of-Financial-Planning-And-Budgeting-Practices-On-Performance-Of-County-Governments-In-Kenya.pdf
Salazar, M, Nayascual, L., & Nayascual, L. (2020). El comportamiento emprendedor en Ecuador, Chile y Colombia. Sathiri: Sembrador, 15(1), 50-59. https://doi.org/10.32645/13906925.930 DOI: https://doi.org/10.32645/13906925.930
Serrano-Rodríguez, J. (2009). Microfinanzas e instituciones financieras en Colombia. Cepal-Sida. https://www.cepal.org/es/publicaciones/5191-microfinanzas-instituciones-microfinancieras-colombia
Sroufe, R., & Gopalakrishna-Remani, V. (2019). Management, social sustainability, reputation, and financial performance relationships: an empirical examination of U. S. firms. Organization and Environment, 32(3), 331-362. https://doi.org/10.1177/1086026618756611 DOI: https://doi.org/10.1177/1086026618756611
Tuffour, J. K., Amoako, A. A., & Amartey, E. O. (2020). Assessing the effect of financial literacy among managers on the performance of small-scale enterprises. Global Business Review, 23(5), 1-18. https://doi.org/10.1177/0972150919899753 DOI: https://doi.org/10.1177/0972150919899753
Varela-Llamas, R., & Ramírez-Ozua, R. (2019). Emprendimiento empresarial, inversión en I+D y marco institucional en México. Análisis Económico, 34(86),133-156. https://www.redalyc.org/articulo.oa?id=41360954007 DOI: https://doi.org/10.24275/uam/azc/dcsh/ae/2019v34n86/Varela
Weisfeld-Spolter, S., Sussan, F., Rippé, C., & Gould, S. (2018). Integrating affect, cognition, and culture in Hispanic financial planning. International Journal of Bank Marketing, 36(1), 726-743. https://doi.org/10.1108/IJBM-09-2017-0201 DOI: https://doi.org/10.1108/IJBM-09-2017-0201
How to Cite
APA
ACM
ACS
ABNT
Chicago
Harvard
IEEE
MLA
Turabian
Vancouver
Download Citation
CrossRef Cited-by
1. Vladimir Rodríguez Cairo, Percy Antonio Vílchez Olivares, Bill Frank Oscanoa Ponce, Armando Martín Barrantes Martínez. (2024). Educación financiera con enfoque conductual y mitigación de sesgos en decisiones crediticias. Revista Venezolana de Gerencia, 29(108), p.1560. https://doi.org/10.52080/rvgluz.29.108.5.
2. Fernando Antonio Ramos Zaga . (2025). Educación financiera en estudiantes universitarios. Iberoamerican Business Journal, 8(2), p.80. https://doi.org/10.22451/5817.ibj2025.vol8.2.11095.
Dimensions
PlumX
Article abstract page views
Downloads
License
Copyright (c) 2024 Cuadernos de Economía
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Cuadernos de Economía through the Libraries Division of the Universidad Nacional de Colombia promotes and guarantees open access to all its contents. The articles published by the journal are available globally with open access and licensed under the terms of Creative Commons Attribution-NonCommercial-No_Derivatives 4.0 International (CC BY-NC-ND 4.0), which implies the following:
