An Analysis of Financial Literacy and Financial Well-Being in‎Relation to Sustainable Development Goals (SDGs) Among ‎Women Entrepreneurs in The Federal Territory of Putrajaya, ‎Malaysia

  • Authors

    • Muhammad Syukri Abdullah Faculty of Economics and Management, The National University of Malaysia, Malaysia
    • Vani Tanggamani Faculty of Accountancy, Universiti Teknologi MARA Cawangan Melaka, Malaysia
    • Azlina Rahim Faculty of Accountancy, Universiti Teknologi MARA Cawangan Melaka, Malaysia
    • Hamidah Bani Faculty of Accountancy, Universiti Teknologi MARA Cawangan Melaka, Malaysia
    • Mohd Mas Rizat Abdul Latif Faculty of Accountancy, Universiti Teknologi MARA Cawangan Melaka, Malaysia
    • Masrina Nadia Mohd Salleh Faculty of Economics and Management, The National University of Malaysia, Malaysia
    https://doi.org/10.14419/2ff0xq28

    Received date: June 11, 2025

    Accepted date: July 11, 2025

    Published date: July 30, 2025

  • Financial Well-Being; Financial Behavior; Financial Attitudes; Financial Knowledge; Sustainable Development ‎Goals (SDGs)‎.

  • Abstract

    Introduction: The topic of financial literacy has garnered significant attention from both governmental bodies ‎and individuals. Numerous studies have been conducted regarding financial literacy. Several studies have ‎examined the relationship between financial literacy and financial behavior, revealing that financial literacy ‎significantly influences financial behavior.‎

    Objectives: The study attempts to examine the financial literacy and financial well-being among women ‎entrepreneurs in the Federal Territory of Putrajaya, Malaysia, by aligning with SDG1, SDG8, and SDG10. There ‎are two dimensions in financial literacy (financial behavior and financial attitude), while financial knowledge as ‎a moderator is included in the current study.‎

    Methods: This study investigates the key determinants of financial well-being among a sample of 75 women ‎entrepreneurs in the Federal Territory of Putrajaya, Malaysia. Using a quantitative approach, the researchers ‎employed structured partial least squares modelling with SmartPLS version 4 software. A stratified random ‎sampling technique, followed by quota sampling, was utilized to ensure equitable representation of the ‎population. The measurement questions were adopted from prior research and adapted to suit the context of ‎this study.‎

    Results: This study highlights that all variables play a crucial role in influencing the financial well-being of ‎women entrepreneurs in the Federal Territory of Putrajaya, Malaysia. Therefore, all antecedent factors must be ‎considered as they impact their financial well-being.‎

    Conclusions: Future research should focus on the wide spectrum of women entrepreneurs in Malaysia to ‎improve their financial well-being as well as Malaysia’s performance in economic growth. By understanding ‎the relationship between financial literacy dimensions and financial knowledge, women entrepreneurs can better ‎enhance their financial well-being‎.

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    Abdullah, M. S., Tanggamani , V. ., Rahim, A. ., Bani, H. ., Abdul Latif, M. M. R. ., & Mohd Salleh, M. N. . (2025). An Analysis of Financial Literacy and Financial Well-Being in‎Relation to Sustainable Development Goals (SDGs) Among ‎Women Entrepreneurs in The Federal Territory of Putrajaya, ‎Malaysia. International Journal of Accounting and Economics Studies, 12(3), 327-335. https://doi.org/10.14419/2ff0xq28