Ananti Maharini, Mudjilah Rahayu
This research was conducted to examine the influence of financial literacy and entrepreneur competency on the financial performance of food MSMEs in Surabaya with locus of control as a mediating variable. The research was conducted on food micro MSMEs in Surabaya with a sample of 100 business units. The data collected was analyzed using descriptive statistical tests and research methods using the SmartPLS program. The results of the analysis are that financial literacy, entrepreneur competency and locus of control have an influence on financial performance. Entrepreneur competency has an influence on locus of control. Another result is that financial literacy has no influence on locus of control. Of the five hypotheses proposed, four hypotheses were accepted and one hypothesis was rejected. Research findings state that locus of control mediates the relationship between entrepreneur competency and financial performance. But it does not mediate the relationship between financial literacy and financial performance.
Financial literacy, Entrepreneur competency, Locus of control, Financial Performance