What question did this study set out to answer?

This study aims to explore the link between entrepreneurs' financial literacy and the sustainability of SMEs in emerging markets.

Business sustainability of SMEs in emerging markets and entrepreneurs’ financial literacy

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Mixed-methods study asserts financial literacy affects sustainability of SMEs in Ecuador, indicating significant implications.

This study aims to explore the link between entrepreneurs' financial literacy and the sustainability of SMEs in emerging markets.
Mixed-methods approach using a nonexperimental, cross-sectional design.
Survey of 392 entrepreneurs and SME stakeholders selected through probabilistic sampling.
Supplemented by semi-structured interviews with three financial management experts.
Significant gaps in financial competencies, particularly in cash flow management and budgeting.
Strong positive correlation between financial literacy and sustainability-oriented financial management practices (ρ = 0.808; p < .001).
High internal consistency in financial literacy (α = 0.893) and financial management practices (α = 0.915) scales.

Medina et al. (2026) studied this question.

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