<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The issue of the relationship between financial literacy and entrepreneurship is still not a fully explored research area. On the one hand, there are common views that financial literacy and education in finance are necessary in every individual’s life, and that an insufficient level of financial literacy may result in erroneous economic decisions. On the other hand, research on the impact of narrowly defined financial literacy on business start-up decisions is still rare. As a result, there are no clear indications regarding the need for education in the area of finance in order to stimulate entrepreneurial decisions, including the survival of launched economic undertakings. This article deals with the relationship between financial literacy and chosen entrepreneurial aspects such as 1) Phases of Entrepreneurial Activity; 2) Entrepreneurial potential; 3) Motivation; 4) Involvement in the technology sector; and 5) Business exit reasons. All of the above aspects are embedded in the context of financial literacy. The article sheds light on the relationship between financial literacy and entrepreneurship and creates a background for further attempts to deepen understanding of this issue.</p>
</abstract>

The issue of the relationship between financial literacy and entrepreneurship is still not a fully explored research area. On the one hand, there are common views that financial literacy and education in finance are necessary in every individual’s life, and that an insufficient level of financial literacy may result in erroneous economic decisions. On the other hand, research on the impact of narrowly defined financial literacy on business start-up decisions is still rare. As a result, there are no clear indications regarding the need for education in the area of finance in order to stimulate entrepreneurial decisions, including the survival of launched economic undertakings. This article deals with the relationship between financial literacy and chosen entrepreneurial aspects such as 1) Phases of Entrepreneurial Activity; 2) Entrepreneurial potential; 3) Motivation; 4) Involvement in the technology sector; and 5) Business exit reasons. All of the above aspects are embedded in the context of financial literacy. The article sheds light on the relationship between financial literacy and entrepreneurship and creates a background for further attempts to deepen understanding of this issue.

Financial Literacy and New Business Entry

Associated Professor of University of Information Technology and Management in Rzeszów

Assistant Professor of Comenius University Bratislava

Faculty of Management, Department of Entrepreneurship

Associated Professor of Comenius University Bratislava

Financial Internet Quarterly

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Financial Literacy and New Business Entry"}

The issue of the relationship between financial literacy and entrepreneurship is still not a fully explored research area. On the one hand, there are common...

Financial Literacy and New Business Entry

Publié en ligne: 11 juil. 2022

Pages: 42 - 66

Reçu: 30 avr. 2022

Accepté: 06 juin 2022

DOI: https://doi.org/10.2478/fiqf-2022-0012

Mots clés
financial literacy, business entry, entrepreneurship

© 2022 Tomasz Skica et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Financial Literacy and New Business Entry

Publié en ligne: 11 juil. 2022

Pages: 42 - 66

Reçu: 30 avr. 2022

Accepté: 06 juin 2022

DOI: https://doi.org/10.2478/fiqf-2022-0012

Mots clésfinancial literacy, business entry, entrepreneurship

© 2022 Tomasz Skica et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
financial literacy, business entry, entrepreneurship