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This research explores the significance of financial inclusion for the performance of micro, small, and medium enterprises (MSMEs). Employing a mixed-method approach comprising qualitative and quantitative analyses, including descriptive and structural equation modeling analyses, the study gathers primary data through distributed questionnaires to MSMEs. The validity of the data is assessed through validity, reliability, and goodness-of-fit tests. Findings from previous research indicate a significant positive impact of financial inclusion on the performance of MSMEs, suggesting a strong relationship between financial inclusion and MSME performance. This correlation implies that increased financial inclusion enhances MSME performance, underscoring the crucial role of financial inclusion in fostering the growth and success of micro and small enterprises. The research informs government efforts to boost financial inclusion, enhancing MSME performance. Improved access to financial institutions in Indonesia for MSMEs is expected to lead to enhanced sales growth, customer expansion, and increased profitability, ultimately benefiting the broader economy.

Studies on entrepreneurship and its impact on economic, political, and social development have increased considerably over the last decade. One of the challenges faced by various countries is the development of companies within the orange economy, which refers to creative and cultural industries with significant potential to generate employment and wealth. Despite this potential, there is a notable lack of empirical research on the factors affecting the management and performance of micro, small, and medium-sized enterprises (MSMEs) within this sector. This study addresses this research gap by examining the influence of reputation, innovation, and knowledge on the performance of MSMEs in the orange economy sector in Colombia. Utilizing partial least squares structural equation modeling (PLS-SEM) to analyze survey data from entrepreneurs, the results reveal that reputation moderates the relationship between innovation and performance, as well as the relationship between knowledge and organizational performance. This study contributes to the literature by providing new insights into the dynamics of creative industries in developing countries and highlighting the essential roles of reputation, innovation, and knowledge in enhancing the performance of MSMEs in the orange economy.

MSMEs are one of the economic icons that have the biggest impact on Indonesia's economic growth, especially when a crisis occurs. MSMEs are able to get through monetary crises such as in 1998 and during the Covid-19 pandemic. MSMEs are independent and have great potential to improve community welfare. This research aims to examine the influence of the variable’s financial literacy, financial inclusion, financial self-efficacy, financial technology, credit granting, and intellectual capital on the financial performance of MSMEs in the Bangka Belitung Islands Province. This research is quantitative research with an associative method using a quantitative approach from primary data through distributing questionnaires. The sampling method was nonprobability sampling with a purposive sampling technique so that 102 MSME actors were obtained. The data analysis technique uses SPSS version 26 software. The research results prove that partial financial inclusion (X2), financial technology (X4), credit granting (X5), and intellectual capital (X6) have a positive and significant effect on the financial performance of MSMEs, while financial literacy (X1) and financial self-efficacy (X3) do not have a positive and significant effect on the financial performance of MSMEs. Simultaneously, the variables financial literacy, financial inclusion, financial self-efficacy, financial technology, credit granting, and intellectual capital have a positive and significant effect on the financial performance of MSMEs in the Bangka Belitung Islands. The R Square value in this research is 0.885, so it is concluded that 88.5% of the variation in the dependent variable can be explained by the independent variable and the remaining 11.5% is influenced by other variables not examined in this research. It is hoped that the research results can become reference material and motivation for MSMEs in improving the financial performance of their businesses.

Improving community welfare can be achieved by improving the performance of small and medium scale businesses because MSMEs can be a forum for the majority of society to meet their needs. This research aims to analyze the influence of the ability to prepare financial reports, financial literacy and financial inclusion on the financial performance of MSMES. This research was descriptive research. This research is classified as quantitative research by utilizing data obtained from 100 respondents consisting of MSME units. The data collection stage was carried out with instruments in the form of questionnaires and tests. The results of the analysis show that the ability to prepare financial reports, financial literacy, and financial inclusion partially have a positive and significant influence on the financial performance of MSMEs. Another interesting finding is that the analysis carried out simultaneously shows that the ability to prepare financial reports, financial literacy, and financial inclusion have simultaneously significant positive influence on the financial performance of MSMEs in Medan City. The results of this research are very important for assessing the situation and future prospects of MSMEs in this country. The implications of this research encourage the development of strategies and policies that can improve the ability to prepare financial reports, optimize financial literacy, financial inclusion and encourage MSME financial management behavior so that it can improve the financial performance of MSMEs, which in turn will improve the welfare and sustainable growth of the MSME sector.

This article aims to provide a comprehensive and trustworthy HVC model for Micro, Small, and Medium-Sized Enterprises (MSMEs) by considering the role of digital technologies, legislation, finance, and research and development. To give a comprehensive understanding of the subject matter, we employed quantitative research methods. We used a sample based on the database of The Halal Product Assurance Organizing Body (BPJPH) to collect data from 278 respondents. Our respondents are located in thirteen different Indonesian cities who run MSMEs and from various backgrounds, such as practitioners, associations, legislators, academics, and other pertinent stakeholders. According to our findings, research and development have a negligible impact on halal chain performance, while halal value chain elements have a considerable impact. Previous HVC research has primarily been descriptive, characterizing situations or concepts or reviewing literature, with little empirical assessment of the relationship between significant halal value chain aspects and value chain performance. Our research contributes in filling this gap.

Today, social media is not only used for personal interactions, but also for business purposes. The business owner's understanding of using social media to post content as content. The higher the competence of the owner in using social media for his business, the more his business performance will improve. The understanding of social media is measured using the Technology Acceptance Model. This study uses the factor analysis method or uses Confirmatory Factor Analysis (CFA), where this method is used to see the relationship between the indicators expressed by the loading factor, the value of this loading factor then states the greatest contribution by the indicator in the formation of variables. The results of the study show that the main factor forming the competency variable is skill, while in Business Performance the main factor forming it is market growth. It can be interpreted that the maximum use of social media can increase the market because it can reach consumers widely. [ABSTRACT FROM AUTHOR]

This study investigates how business actors' entrepreneurial orientation and rationality affect MSMEs' performance, as well as how the availability of financing affects that performance. Using a random sampling technique, we surveyed 195 MSMEs from various business fields. The data were analyzed using structural equation modeling and AMOS and SPSS software. We discovered that the mediation of entrepreneurial orientation and decision-making rationality significantly impacted the relationship between financial availability and performance. Adequate funding encourages an entrepreneurial mindset and the development of innovations that improve overall performance. The study suggests that business actors improve their capabilities, including managerial skills, practices, and procedures in the financial sector. When adequate funds are available, they could be used to improve performance. The study adds to the dynamic capability theory by demonstrating that MSMEs must be able to integrate, construct, and reconfigure their financial resources in the face of rapid environmental changes.

This study examines the impact of financial anxiety on emotional Exhaustion and financial performance of SMEs in Central Java. This study also test Islamic financial literacy as moderating variable. This research supports the third sustainable development goal of the United Nations: good health and wellbeing. A cross-sectional survey method was used with a sample of 375 SME owners from the Banyumas, Banjarnegara, Cilacap, and Purbalingga districts, calculated based on the Krejcie and Morgan formula. Data were collected through randomly distributed questionnaires and analyzed using SPSS AMOS Version 23. The results show that financial anxiety is positively related to emotional Exhaustion and negatively associated with SME financial performance. Islamic financial literacy was found to moderate the relationship between financial anxiety and emotional Exhaustion, reducing the negative impact of financial anxiety. Emotional Exhaustion also negatively affects SME financial performance. These findings highlight the importance of enhancing Islamic financial literacy and stress management in addressing the adverse effects of financial anxiety and emotional Exhaustion. Interventions focusing on Islamic financial literacy and psychological wellbeing can improve the performance and sustainability of SMEs in Indonesia, helping them overcome financial and emotional challenges for long-term success.

Micro, small, and medium enterprises (MSMEs), especially those operating in the craft industry, often remain overlooked and receive minimal attention from researchers and policymakers even though they have an important role in increasing exports and employment in Indonesia. Nevertheless, craft MSMEs face significant challenges in maximizing innovation and enhancing competitiveness to improve financial performance. Hence, this study aims to investigate how innovation and firm competitiveness influence the financial performance of craft MSMEs. This study utilizes the SEM AMOS analysis tool with data from 403 business actors across three craft centers in West Java: Tasikmalaya, Majelengka, and Bandung. The findings reveal that product, process, and green innovation significantly influence and partially mediate the connection between entrepreneurial orientation and competitiveness. Competitiveness completely mediates the influence of product and green innovation on craft MSMEs' financial performance. Meanwhile, process innovation significantly impacts financial performance both directly and indirectly, emphasizing its importance in enhancing competitiveness and financial outcomes. Continuous improvement and innovation are crucial for boosting competitiveness and financial performance.

The Moncongloe District is an environment that is rich in potential with many Micro, Small, and Medium Enterprises (MSMEs). Business owners in this sector face challenges in managing business finances effectively. Limited financial knowledge is due to the fact that MSMEs do not have a financial background or formal education in this field. This makes it difficult for MSMEs to understand the terms and concepts used in financial reports. This community empowerment program aims to make a positive contribution to business development in Moncongloe District, particularly in recording business finances. The implementation method is through workshops, discussions, questions and answers, and evaluations to provide an understanding of the importance of financial reports for MSMEs. The results of the community empowerment program show that workshop participants experienced an in-depth increase in knowledge about the importance of financial reports which can improve business performance for MSME entrepreneurs and Village-Owned Enterprises (BUMDES) in Moncongloe District, Maros Regency. In addition, participants succeeded in understanding the tools for starting a business, namely the Business Model Canvas, and making simple financial records that can help community empowerment partners in developing more structured and innovative MSME businesses.

Human Resources are an important resource in improving company performance, both in manufacturing and services. In traditional food businesses, the existence of social capital needs to be strengthened to get potential customers. This research aims to increase social capital, employee motivation and product innovation in improving marketing performance. This research is a quantitative research method. The population of all traditional food entrepreneurs is 119 entrepreneurs. Sampling uses a census. The analysis technique uses multiple linear regression. The findings show that social capital has a positive and significant effect on marketing performance. Employee motivation has a positive and significant effect on marketing performance in traditional food businesses in Bali. Sustainable innovation has a positive and significant effect on marketing performance in traditional food businesses in Bali. The novelty in this study is the power of social capital, especially information using social media and knowing societal trends, are able to improve marketing performance so that it further increases sales and is able to improve employee welfare. The implication of this research is that it is hoped that it can help in making decisions and policies at the company level related to social capital, employee motivation and sustainable innovation, in improving marketing performance.

MSMEs have become the foundation for growth in various countries, including Indonesia. Especially in West Java, MSMEs play an essential role in absorbing labour. However, MSMEs in West Java face an uncertain business environment and difficulties in creating products that suit market needs. This research will use the Resource Based View (RBV) and Dynamic Capability View (DCV) theories. This research examines the influence of entrepreneurial orientation on the innovation performance of MSMEs by using foresight capabilities as a mediating variable. 245 MSMEs were collected as respondents to fill out the survey questionnaire. The MSMEs used in this research are from West Java, with the main characteristics of operating for more than one year and developing new products for at least two years. Structural equation modeling (SEM) was used to test the research framework. It was found that entrepreneurial orientation can influence the innovation performance of MSMEs positively and significantly. The influence of foresight capabilities on MSME product innovation performance has a positive effect. The mediating effect of foresight capabilities on the relationship between entrepreneurial orientation and product innovation performance was partially mediated. MSMEs that behave more entrepreneurially benefit from being more proactive, innovative, and risk-taking in an uncertain market environment. Product innovation can be achieved through a good understanding of entrepreneurial orientation mediated by an understanding of Foresight to process information for future decisions. Finally, managerial and theoretical implications and future research are presented.

The emergence of Covid 19 has devastated the performance of Micro, Small and Medium Enterprises (MSMEs) including in Kendal Regency. Through the People's Market application, it is hoped that it can encourage the performance of MSMEs after the pandemic. However, the problem that occurs is that users of the People's Market application in MSME players are still low which can hinder growth and competitiveness in the digitalization era. This study aims to analyze the behavior of MSME players in adopting the People's Market application in Kendal Regency through the integration of the Theory Acceptance Model (TAM) and the Extended Theory of Planned Behavior (TPB). This research is a causality study using seven main variables tested from the TAM and TPB models, namely: perceived benefits; perceived ease of use; attitude in adopting the People's Market application; subjective norms; perceived behavioral control; behavioral intention in adopting the People's Market application; and actual behavior. The sample of this study used a purposive sampling method with a total sample that met the criteria of 231 respondents. The data was obtained from distributing questionnaires via google form. The data were statistically tested through the AMOS program. The results showed that perceived benefits and perceived ease of use affect attitudes. Attitude affects the behavioral intention of traders in adopting the People's Market application. However, subjective norms and perceived behavioral control have no significant effect on behavioral intentions. The results also prove that behavioral intentions can encourage merchants to carry out actual behavior in adopting the People's Market application.

Micro, small and medium enterprises (MSMEs) have a strategic role in national economic development, in addition to playing a role in economic growth and labor absorption. The goal to be achieved in this study is to find out and analyze the superior performance of MSMEs (MSME Excellent Performance) by implementing Training through Work Creativity. This research is a quantitative research that examines scientifically and systematically the parts, phenomena and relationships between variables. The results of this study have significant implications for human resource development strategies and improving organizational performance, especially in the context of small and medium enterprises (MSMEs/SMEs). The findings show that training plays an important role in increasing work creativity (WCR), which directly affects the superior performance of MSMEs (SEPs). Referring to the formulation of the problem, the conclusion of this study is: training, which is good, has a significant influence in increasing Work Creativity significantly, but does not significantly contribute to improving the Superior Performance of MSMEs/SMEs's EXcellent Performance directly. Thus, this study proves that good Work Creativity is proven to be a good mediator and is able to increase the influence of training, coaching, and mentoring on the Superior Performance of MSMEs / SME's EXcellent Performance. [ABSTRACT FROM AUTHOR]

Objectives: The purpose of this study is to analyze how the dynamic capacity for innovation mediates the relationship between the managerial skills and organizational performance of micro, small and medium-sized enterprises (MSMEs) located in the department of Caquetá. Methods: The hypotheses are statistically tested via structural equation modeling (SEM), where the dynamic capacity for innovation mediates the relationship between the managerial skills and organizational performance of MSMEs located in the department of Caquetá, with a cross-sectional sample of 496 MSMEs. Results: The results indicate that the relationship between managerial skills and organizational performance is mediated by the dynamic capacity for innovation of the MSMEs of the department of Caquetá, Colombia. In addition, the robust adjustment values obtained for this model are an RMSEA of 0.044 and a CFI of 0.862. Both values meet the requirements to conclude that the model has a good fit and is therefore reliable. Conclusions: This study shows that managers, administrators or legal representatives use the constructs presented in this publication. In addition, it is shown that the dynamic capacity for innovation mediates the relationship between managerial skills and the organizational performance of MSMEs located in the department of Caquetá, Colombia. [ABSTRACT FROM AUTHOR]

MSMEs play a significant role in the digital economy. This highlights the need for governments to focus on their development beyond financing and improving their digital literacy. This study investigates the impact of digital financial literacy on the financial performance of MSMEs at Pancer Puger Beach, Jember, with a specific focus on the role of financial behavior in promoting this relationship. This study used a mixed method with an exploratory sequential design combining qualitative data gathered from focus group discussions, in-depth interviews, and observations. Quantitative data were collected through questionnaires from 120 MSMEs respondents obtained via snowball sampling and analyzed using the partial least squares method. The results show that (1) Digital financial literacy affects financial performance, (2) Digital financial literacy affects financial behavior, and (3) Financial behavior affects the financial performance of MSMEs, while financial behavior serves as a mediator between financial literacy and financial performance. The findings suggest that tourism MSMEs can adapt and thrive in line with Indonesia's digital financialization. JEL: G41, L26, L83.

AbstractBy observing 1026 samples of Indonesian MSMEs, this study tries to explain the effect of technology adaptation, innovative financial practices, and financial policy-related factors on sustainable financial performance and the survival-recovery of MSMEs during the Covid-19 pandemic. Data were analyzed using the PLS-SEM technique through SMARTPLS software version 3. Samples were selected and collected through purposive sampling by setting criteria and deploying them online and offline. The results show that the agility to conduct technology adaptation and innovative financial practices by MSMEs significantly affected their sustainable financial performance during the COVID-19 pandemic. Innovative financial practices also positively moderate the relationship between technology adaptations on sustainable financial performance. On the other side, preferential policies of the bank have a significant impact on sustainable financial performance directly and indirectly through the mediating role of perceived policy effectiveness. The financial support by the government also significantly affected the sustainable financial performance of MSMEs through the mediating role of perceived policy effectiveness. Eventually, sustainable financial performance significantly affected the survival-recovery of MSMEs.

The use of social media for MSMEs is needed so that MSMEs can compete and survive, especially during a pandemic. The purpose of this study was to analyze the influence of trust factors, cost-effectiveness, compatibility, and top management support on the financial and non-financial performance of South Tangerang MSMEs. Data was collected through an online questionnaire using Google Docs. Research variables were measured using a Likert scale. Data processed using descriptive analysis and top two boxes and bottom two boxes. The data that has been processed then analyzed using the Structural Equation Model (SEM). The results of the study found that there were 2 variables that influenced financial and non-financial performance. The compatibility variable has a positive and significant effect on the financial and non-financial performance of MSMEs. Social media can adapt to the needs and business practices of MSMEs which have proven to be a consideration for small business actors in their use. The top management support variable has a positive and significant effect on the non-financial performance of MSMEs. The existence of support from top management for the use of social media in MSMEs affects non-financial performance such as helping relationships with customers and supporting service activities. Based on the test, it found empirical evidence of the effect of compatibility on the financial and non-financial performance of MSMEs and the effect of top management support on the non-financial performance of MSMEs. Keywords: COVID-19, financial performance, MSMEs, non-financial performance, social media

The study aims to determine the influence of compensation on motivation and employee performance in the MSMEs production of sanan tempeh chips. This research is a type of explanatory research. The research method quantitatively uses Structural Equation Modeling (SEM) analysis with the Warp Partial Least Square (WarpPLS) approach. Primary data were obtained through in-depth interviews using questionnaires, and field observations while secondary data were obtained through literature studies from various related sources. Selected 60 samples with simple random sampling technique as respondents in this study. The results showed that compensation had a positive and significant effect on motivation. Compensation also has a positive and significant effect on employee performance. Then motivation has a positive and significant influence on employee performance.

The purpose of this study is (1) describing and analyzing the significance of the simultaneous influence of entrepreneurial orientation and internal resources on the business performance of home industry emping melinjo in Pojok Village, (2) describing and analyzing the significance of the influence of entrepreneurial orientation on the business performance of MSMEs home industry emping melinjo in Pojok Village, (3) describing and analyzing the significance of the influence of internal resources on the business performance of MSMEs home industry emping melinjo in The Corner Village. This research was conducted in Pojok Village, Ngantru Subdistrict, Tulungagung Regency with a sample number of 55 people. The results of the study There is a significant influence simultaneously entrepreneurial orientation and internal resources on the business performance of MSMEs home industry emping melinjo in The Corner Village, Ngantru Subdistrict, Tulungagung Regency. There is a positive and significant influence of entrepreneurial orientation on the business performance of MSMEs home industry emping melinjo in Pojok Village, Ngantru Subdistrict, Tulungagung Regency. There is a positive and significant influence of internal resources on the business performance of MSMEs home industry emping melinjo in Pojok Village, Ngantru Subdistrict, Tulungagung Regency.

Background: Many MSMEs are switching to online businesses and utilizing digital technology to maintain their businesses. Purpose: This study aims to determine and examine the effect of product innovation, HR competency, and marketing performance on the financial performance of MSMEs in the Agricultural Sector in Semarang City after the Covid-19 pandemic with digitalization as a mediating variable. Design/methodology/approach: This study uses quantitative methodology and a causal associative approach. Data was collected through an online questionnaire distributed to MSME owners in the Agricultural Sector via WhatsApp, with questions filtered based on respondent characteristics. The sampling technique used was random sampling. The number of samples in this study was 150 business owners. Data analysis used partial least squares-structural equality modeling (PLS-SEM). Findings/Results: The results of this study indicate that product innovation, marketing performance, and digitalization have a significant effect on financial performance. Meanwhile, HR competency has had no significant effect on the financial performance of MSMEs in the Agricultural Sector in Semarang City after the COVID-19 pandemic. Digitalization has been proven to mediate the influence of product innovation, HR competency, and marketing performance on the financial performance of MSMEs in the Agricultural Sector in Semarang City. Conclusion: Product innovation, marketing performance, and digitalization have a significant effect on financial performance. Meanwhile, HR competency has not had a significant effect on the financial performance of MSMEs in the agricultural sector in Semarang City since the COVID-19 pandemic. Digitalization is proven to mediate the influence of product innovation, HR competency, and marketing performance on the financial performance of MSMEs in the Agricultural Sector in Semarang City. Originality/value (State of the art): State of the art in the era of digital transformation. Given that digitalization is increasingly becoming an important part of the global economy, this study is relevant to the current trend of digital technology adoption by MSMEs. This study can broaden the understanding of how small and medium-scale MSMEs can utilize digitalization to improve their competitiveness and financial performance, which is a growing research area globally. [ABSTRACT FROM AUTHOR]

This study focuses on MSMEs performance evaluation because they have unique features such as not having a quantifiable objective, not having a record of company operations, but being able to absorb surrounding labor and improve the community's welfare. MSMEs' short-term objective is to annex the company's profit and sales performance. This research aims to construct a measurement model of MSMEs Performance based on resource factors, customers, suppliers, and characteristics of MSMEs in influencing MSMEs' performance. The data was collected by spreading questioner through google form to MSMEs managers assisted by PLUT Batu city and Malang City. The data analysis techniques are carried out qualitatively, and hypothesis testing is carried out with SEM-PLS analysis. The results showed that the factors of resources, customers, and characteristics of MSMEs could measure MSMEs performance, while the supplier factor does not affect the performance of MSMEs