DEMATEL Approach for Modeling Relationships among the Enablers of Financial Literacy for SMEs

Abstract

Today, financial literacy is gaining more and more attention, day by day in industrial sectors, and more and more industries are getting benefited from it, due to is various plus points. Considering this fact, the present research work is focused on investigating the relationships among different enablers of financial literacy and for small and medium enterprises (SMEs). For this purpose, first of all, with the survey of available literature as well as experts opinions a workable list of five enablers was created, and their responses were collected via questionnaire, for different enablers. In the next step, interdependencies among different enablers were investigated with the help of a well known decision making technique, Decision Making Trial and Evaluation Laboratory (DEMATEL), based on the responses, and finally cause effect diagram as well as the rankings of the criteria were investigated.