Literacia financeira dos decisores financeiros de Pequenas e Médias Empresas portuguesas

Abstract

 The study aimed to evaluate the Financial Literacy (hereinafter referred to as LF) of financial decision-makers in small and medium-sized enterprises (SMEs). And, subsequently, a comparison between the results obtained and those presented by the Report of the Relatório do 1.º Inquérito sobre a Literacia Financeira de Empresários de Micro e Pequenas Empresas e Desafios da COVID-19 em Portugal 2021. The sample consisted of 150 financial decision-makers, with a valid response rate of approximately 38% (57 respondents). The research methodology adopted consisted of applying a questionnaire based on the three pillars of LF, as defined by the OECD, namely: Financial Knowledge, Financial Behavior and Financial Attitudes. The respective survey was carried out between April 21, 2023, and May 31 of the same year. The results obtained revealed that the LF level of the respondents was situated at 69.65%. Likewise, it was found that educational qualifications and turnover are the main factors that influence the level of FL. With regard to the comparison carried out, it was found that there were some differences, attributed to the disparity in the sizes of the samples used in the studies in question.