{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,24]],"date-time":"2026-04-24T02:12:11Z","timestamp":1776996731223,"version":"3.51.4"},"reference-count":41,"publisher":"Emerald","issue":"1","license":[{"start":{"date-parts":[[2022,4,28]],"date-time":"2022-04-28T00:00:00Z","timestamp":1651104000000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["JKM"],"published-print":{"date-parts":[[2023,1,12]]},"abstract":"<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n<jats:p>The rich financial knowledge of small and micro business owners helps to enhance the formal credit demand of small and micro enterprises and change the credit channel preference of small and micro enterprises. The purpose of this paper is to explore the relationship between financial knowledge and the credit practices of 290 small and micro enterprises in China\u2019s Jiangsu and Shandong provinces based on their formal credit needs and preferred channels of credit.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n<jats:p>To measure the degree of the credit constraints of small and micro enterprises, this study applied questionnaire surveys to obtain information on the credit demand and supply of 363 small and micro enterprises in the Jiangsu and Shandong provinces. Firstly, a probit model is used to study the influence of financial knowledge on the formal credit demand and credit acquisition possibility of small and micro enterprises, and tool variables and a biprobit model are used to deal with the possible errors of endogenesis and sample selection. Secondly, a tobit model is used to study the influence of financial knowledge on the credit access of small and micro enterprises in different channels, and tool variables and a Heckman two-stage model are used to deal with endogenesis and possible errors in sample selection. Finally, this study carried out a series of robustness tests to make the conclusions more reliable.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n<jats:p>This study is based on the perspective of the knowledge-based view to explore the impact of financial knowledge on the credit behaviour of small and micro enterprises. This study found that financial knowledge can increase a small and micro enterprise\u2019s formal credit needs and drive the small and micro enterprise to actively apply for loans. Furthermore, financial knowledge has a significant and positive influence on the acquisition of formal credit and approved lines of formal credit and a significant and negative influence on the acquisition of informal credit and approved lines of informal credit.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Research limitations\/implications<\/jats:title>\n<jats:p>The results indicated that increased financial knowledge can increase the likelihood of a small and micro enterprise to prefer formal credit and reduce the likelihood of it to prefer informal credit channels.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n<jats:p>Financial knowledge is the ability to master basic economic knowledge and financial concepts as well as the ability to use knowledge to manage and allocate financial resources. The rich financial knowledge of small and micro business owners helps to enhance the formal credit demand of small and micro enterprises and change their credit channel preference. This paper offers a new perspective on the problems of credit constraint, low participation in formal credit markets and high participation in private credit markets among China\u2019s small and micro enterprises and valuably supplements the research literature.<\/jats:p>\n<\/jats:sec>","DOI":"10.1108\/jkm-12-2021-0934","type":"journal-article","created":{"date-parts":[[2022,4,26]],"date-time":"2022-04-26T06:59:42Z","timestamp":1650956382000},"page":"208-229","source":"Crossref","is-referenced-by-count":15,"title":["The influence of financial knowledge on the credit behaviour of small and micro enterprises: the knowledge-based view"],"prefix":"10.1108","volume":"27","author":[{"given":"Meiyu","family":"Liu","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Yelin","family":"Hu","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Chengyou","family":"Li","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Shuo","family":"Wang","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"140","published-online":{"date-parts":[[2022,4,28]]},"reference":[{"issue":"2","key":"key2023011207005714100_ref001","doi-asserted-by":"crossref","first-page":"57","DOI":"10.1207\/s15427579jpfm0602_2","article-title":"Asset allocation and information overload: the influence of information display, asset choice, and investor experience","volume":"6","year":"2005","journal-title":"Journal of Behavioral Finance"},{"issue":"3","key":"key2023011207005714100_ref002","doi-asserted-by":"crossref","first-page":"284","DOI":"10.1108\/00021460911002671","article-title":"Women farmers\u2019 access to credit from rural banks in Ghana","volume":"69","year":"2009","journal-title":"Agricultural Finance Review"},{"issue":"4","key":"key2023011207005714100_ref003","first-page":"204","article-title":"When knowledge work and analytical technologies collide: the practices and consequences of black boxing algorithmic technologies","volume":"66","year":"2021","journal-title":"Administrative Science Quarterly"},{"issue":"6","key":"key2023011207005714100_ref004","first-page":"1","article-title":"Impact of financial literacy on personal saving: a research on Usak university staff","volume":"15","year":"2017","journal-title":"Journal of Knowledge Management"},{"issue":"1","key":"key2023011207005714100_ref005","doi-asserted-by":"crossref","first-page":"234","DOI":"10.1016\/j.jfineco.2006.07.002","article-title":"Reaching out: access to and use of banking services across countries","volume":"85","year":"2007","journal-title":"Journal of Financial Economics"},{"issue":"5","key":"key2023011207005714100_ref006","doi-asserted-by":"crossref","first-page":"1438","DOI":"10.5465\/amj.2013.0724","article-title":"Knowledge inheritance in global industries: the impact of parent firm knowledge on the performance of foreign subsidiaries","volume":"58","year":"2015","journal-title":"Academy of Management Journal"},{"issue":"1","key":"key2023011207005714100_ref007","doi-asserted-by":"publisher","first-page":"88","DOI":"10.1108\/JKM-10-2020-0787","article-title":"Cross-cultural metacognition as a prior for humanitarian knowledge: when cultures collide in global health emergencies","volume":"26","year":"2021","journal-title":"Journal of Knowledge Management"},{"issue":"3","key":"key2023011207005714100_ref008","first-page":"1","article-title":"Confucian business model canvas in the Asia pacific: a Yin-Yang harmony cognition to value creation and innovation","volume":"27","year":"2021","journal-title":"Asia Pacific Business Review"},{"issue":"1","key":"key2023011207005714100_ref009","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1108\/JKM-04-2020-0244","article-title":"Polychronic knowledge creation in cross-border business models: a sea-like heuristic metaphor","volume":"25","year":"2021","journal-title":"Journal of Knowledge Management"},{"issue":"1","key":"key2023011207005714100_ref010","first-page":"108219","article-title":"The moderating effect of managerial discretion on blockchain technology and the firms\u2019 Innovation quality: evidence from Chinese manufacturing firms","volume":"240","year":"2021","journal-title":"International Journal of Production Economics"},{"issue":"3","key":"key2023011207005714100_ref011","first-page":"609","article-title":"Debt financing, survival, and growth of start-up fimis","volume":"50","year":"2018","journal-title":"Journal of Corporate Finance"},{"issue":"6","key":"key2023011207005714100_ref012","doi-asserted-by":"crossref","first-page":"1933","DOI":"10.1111\/j.1540-6261.2011.01696.x","article-title":"Prices or knowledge? 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