Pengaruh Literasi Keuangan Digital, Inklusi Keuangan Digital, dan Financial Technology yang di Moderasi Oleh Locus Of Control Terhadap Kinerja Umkm Kota Medan Melalui Financial Behavior

Abstract

This study aims to analyze and empirically prove the influence of digital financial literacy, digital financial inclusion, and financial technology moderated by locus of control on the performance of Medan City MSMEs through financial behavior. This research employs the Structural Equation Model (SEM) approach based on Partial Least Square (PLS). PLS is a component or variant-based structural equation model (SEM). This study adopts a quantitative approach. Data collection was conducted through the distribution of questionnaires, with primary as the data source. The results of the study indicate that partially, the variabel of digital financial inclusion has a significant effect on MSME Performance with a p-value < 0.05 (0.035 < 0.05). However, the variables of digital financial literacy, financial technology, and financial behavior have no significant effect on MSME performance with respective p-value > 0.05 (0.491, 0.620, 0.168). Furthermore, financial behavior does not mediate the influence of digital financial literacy, digital financial inclusion, and financial technology on MSME performance with respective p-value > 0.05 (0.180, 0.990, 0.360). additionally, locus of control does not moderate the relationship between digital financial literacy, digital financial inclusion, and financial technology on MSME performance with a p-value > 0.05 (0.323, 0.705, 0.973).