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Accounting and Finance Literacy and Entrepreneurship: an Exploratory Study

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dc.contributor.authorTrombetta, Marco
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-04-25T11:24:23Z
dc.date.available2025-04-25T11:24:23Z
dc.date.issued2023
dc.description.abstractThe aim of this study is to investigate whether the level of financial literacy differs significantly among entrepreneurs in three European countries: Italy, Spain, and the UK. Moreover, I analyze whether financial literacy fosters or hinders entrepreneurial resilience and success. I find that the level of basic financial literacy is significantly lower among entrepreneurs in the UK. I provide an explanation based on job opportunities arguing that basic financial literacy increases the chances of survival of a business, whereas advanced financial literacy decreases it. I propose a taxonomy linking levels of financial literacy with different approaches to financial management. I conclude that a “conservative” approach to financial management (cash based, debt-averse and diversified) is more likely to guarantee survival even if it is not necessarily the best way to maximize firm value.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationTrombetta, M. (2023). Accounting and finance literacy and entrepreneurship: An exploratory study. Journal of Accounting and Public Policy, 42(2), 107078. https://doi.org/10.1016/j.jaccpubpol.2023.107078.
dc.identifier.doihttps://doi.org/10.1016/j.jaccpubpol.2023.107078
dc.identifier.issn0278-4254
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3775
dc.issue.number2
dc.journal.titleJournal of Accounting and Public Policy
dc.language.isoen
dc.page.total38
dc.publisherElsevier
dc.relation.departmentAccounting & Management Control
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.titleAccounting and Finance Literacy and Entrepreneurship: an Exploratory Study
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number42
dspace.entity.typePublication
relation.isAuthorOfPublication93153f41-861d-41e2-99ea-c2c1b96c7012
relation.isAuthorOfPublication.latestForDiscovery93153f41-861d-41e2-99ea-c2c1b96c7012
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