DIMENSIONS OF DIGITAL FINANCIAL WELL BEING, FINANCIAL SOCIALIZATION AND FINANCIAL SELF-EFFICACY AMONG ENTREPRENEURS: A SYSTEMATIC REVIEW OF MEASUREMENT TOOLS (II)

Abstract

This study explores the multi-dimensions of digital financial literacy, socialization, and self-efficacy among entrepreneurs. To identify the dimensions of digital financial literacy, financial socialization, and financial self-efficacy that influence financial well-being and financial distress among entrepreneurs, as well as to identify the instruments used in this study. The review synthesizes key dimensions such as digital financial knowledge, behaviour, platform confidence, risk awareness, social influences, and financial self-efficacy. Findings highlight that digital literacy including access, usage, and security awareness significantly affects entrepreneurs' financial management abilities and distress levels. Additionally, social networks and institutions enhance financial capability, while self-efficacy dimensions such as goal setting, persistence, adaptability, and problem-solving strengthen entrepreneurial financial resilience. These dimensions collectively form a robust framework for assessing and enhancing financial well-being among entrepreneurs in the digital age. The study contributes to the development of holistic measurement instruments and practical interventions tailored to entrepreneurial financial ecosystems.