Transforming Financial Literacy into Business Performance: The Dual Parallel Mediating Roles of Financial Management Capability and Digital Capability in Coffee Shop MSMEs

Authors

  • Adi Wibowo Noor Fikri Universitas Bhayangkara Jakarta Raya, Jakarta, Indonesia
  • Muhammad Richo Rianto Universitas Bhayangkara Jakarta Raya, Jakarta, Indonesia
  • Choiroel Woestho Sekolah Tinggi Ilmu Ekonomi IGI, Jakarta, Indonesia

DOI:

https://doi.org/10.38035/gijea.v4i4.1268

Keywords:

Financial Literacy, Financial Management Capability, Digital Capability, MSME Performance, Coffee Shop MSMEs, PLS-SEM, Resource-Based View, Dynamic Capability

Abstract

Amid growing competition in the culinary sector, how financial literacy translates into business performance remains a critical research gap. Grounded in the Resource-Based View (RBV) and Dynamic Capability Theory (DCT), this study investigates the parallel mediating roles of Financial Management Capability and Digital Capability between Financial Literacy and MSME Performance among coffee shop MSMEs in Bekasi City. A quantitative explanatory research design was applied to a sample of 120 owner-managers selected via purposive sampling based on operational longevity and digital payment adoption. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) via SmartPLS 4. The empirical results demonstrate that Financial Literacy has no direct significant effect on MSME Performance. However, Financial Literacy strongly enhances both Financial Management Capability and Digital Capability, which in turn significantly improve MSME Performance, confirming a full parallel mediation mechanism. The study’s novelty lies in empirically proving within an integrated RBV-DCT framework that intangible financial knowledge yields a sustained competitive advantage only when converted into concrete operational managerial routines and digital capabilities.

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Published

2026-09-30

How to Cite

Fikri, A. W. N., Rianto, M. R., & Woestho, C. (2026). Transforming Financial Literacy into Business Performance: The Dual Parallel Mediating Roles of Financial Management Capability and Digital Capability in Coffee Shop MSMEs. Greenation International Journal of Economics and Accounting, 4(4), 1135–1144. https://doi.org/10.38035/gijea.v4i4.1268

Issue

Vol. 4 No. 4 (2026): Greenation International Journal of Economics and Accounting (September - October 2026)

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Articles

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Copyright (c) 2026 Adi Wibowo Noor Fikri, Muhammad Richo Rianto, Choiroel Woestho

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