International Journal of Business, Management, and Economics e-ISSN 2746-1351 Vol. 4 No. 3, August 2023 Published by: 161 Does Risk Attitude Increase the Effect of Financial Literacy on Access to Finance? Selma Dzifa Addo*, Joseph Asante, David Mensah Awadzie + Accra Institute of Technology, Accra Department of Business Administration, Accra-Ghana Corresponding Author: s.addo26@yahoo.com * , jasantey@arbapexbank.com, davidawadzie@gmail.com + ORCID: 0000-0001-5532-2152 Abstract The paper aimed to examine the moderating impact risk attitude has on the link between financial literacy and access to funding for SMEs. Respondents included SMEs in Accra via standardized questionnaires. 396 accurate responses were analyzed utilizing PLS-SEM. Findings showed an important beneficial correlation between knowledge of finances and credit accessibility. The relationship between risk-taking behavior and financial access also proved significant. Additionally, the study discovered that the connection between financial competence and financial access is significantly moderated by risk-taking tendency. The results support the knowledge base view theory, according to which financial literacy is a unique strategic asset that firms can exploit to gain an advantage over rivals. Additionally, it was established that risk-averse owners/managers are more likely to miss out on possibilities to build wealth, which opens up access to credit or even poses the willpower to access debt finance. Keywords: Risk Attitude, Financial Literacy, Access to Finance, SMEs JEL: G53, G32 ,D91 How to Cite: Addo, S. D., Asante, J., Awadzie, D. M. (2023). Does Risk Attitude Increase the Effect of Financial Literacy on Access to Finance?. International Journal of Business, Management, and Economics, 4(3). 161 – 184. DOI: https://doi.org/10.47747/ijbme.v4i3.1224 Article Information: Received: July 06, 2023, Accepted: July 19, 2023, Published: August 01, 2023