August 16, 2025Open Access

Impact of Digital Financial Literacy on Small and Medium-sized Enterprises (SMEs) Performance in Laos: The Mediating Role of Financial Self-Efficacy, Hierarchical Component Model Approach

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Analysis reveals digital financial literacy boosts SME performance through financial self-efficacy in Laos, suggesting policy implications.

Digital financial literacy significantly enhances SME performance, indicating a strong link between skills and business success.
The study involved 151 SME owners in Laos, utilizing Partial Least Squares Structural Equation Modeling for analysis.
Financial self-efficacy mediates the relationship between digital financial literacy and performance in SMEs.
Results emphasize the need for integrated policies that foster financial skills and self-efficacy among entrepreneurs.

Khouangvichit et al. (2025) studied this question.

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Analysis reveals digital financial literacy boosts SME performance through financial self-efficacy in Laos, suggesting policy implications.