Why is it important? Financial literacy in students in entrepreneurship: A systematic literature review

This paper aims to analyze financial literacy in students a foundational understanding of personal finance management in addition to more intricate financial concepts like corporate risk analysis and capital management techniques. A comprehensive evaluation of the literature has been conducted by locating 155 studies from different sources. 36 papers were determined to be pertinent for the current investigation after the 155 research were eliminated based on selection criteria. The results of the study show that financial literacy has a significant impact on the success of students in entrepreneurship, both in planning, management, and business development. This article also provides recommendations for the development of a more comprehensive entrepreneurship education curriculum, which integrates financial literacy as a core competency. This paper develops a research model that can be used for universities or policymakers who need to create financial skills in entrepreneurial students in order to improve financial performance.