Peran Literasi Keuangan Sebagai Prediktor Kinerja Dan Keberlanjutan Umkm Di Kabupaten Badung

Authors

  • Dewa Ayu Rumini Universitas Warmadewa Denpasar
  • Media Martadiani Universitas Warmadewa Denpasar

DOI:

https://doi.org/10.25273/inventory.v4i1.6300

Abstract

The MSME sector has an important role for the economic development of a country, especially in encouraging Indonesia's economic growth. But in practice, SMES often experience delays in development, so that the potential of SMES has not been completed optimally. Many factors as a predictor of SMES performance and sustainability, in this research used financial literacy as a predictor of SMES performance and sustainability in Badung Regency. This research uses quantitative approaches using primary data through questionnaires. The respondents in this study were 100 MSMES in Badung Regency. The variables used in this study were financial literacy as independent variables, as well as MSMES and MSME sustainability as dependent variables. The method used in analyzing data is Structural Equation Modeling (SEM). The results showed that financial literacy has a positive and significant impact on SMES performance and SMES sustainability in Badung Regency.
Keywords: Financial Literacy, MSME Performance and MSME Sustainability

Downloads

Download data is not yet available.

References

Abor, J., dan P. Quartey. 2010. Issues in SME development in Ghana and South Africa. International Research Journal of Finance and Economics. 39 (6). 219–227.

Adomoko, S., Danso, A., dan Damoah, J.O. 2016. The moderating influence of financial literacy on the relationship between access to finance andfirm growth in Ghana. Venture Capital. 18(1). 43-61.

Ali, I. 2003. A Performance Measurement Framework for a Small and Medium Enterprise. Univerity of Alberta Dissertation.

Audretsch, D., Van der Horst, R., Kwaak, T., dan Thurik, R. 2009. First section of the annual report on EU small and medium-sized enterprises. EIM Business & Policy Research. 12.

Beck, T., A. Demirguc-Kunt, dan V. Maksimovic. 2005. Financial and legal constraints to growth: Does firm size matter?. The Journal of Finance. 60 (1). 137–177.

Binks, M. R., dan C. T. Ennew. 1996. Growing firms and credit constraints. Small Business Economics. 8. 17–25.

Braunstein, S.,dan Welch, C. 2002. Financial Literacy: An Overview of Practice,Research, and Policy. USA: Federal Reserve Bulletin.

British Council. 2010. Mapping the Creative Industries: A Toolkit. London. The British Council.

Bygrave, W. D., dan A. Zacharakis. 2008. Entrepreneurship. New York. Wiley.

Carrer, M., and L. Klomp. 1996. Small business and job creation: A comment. Small Business Economics. 8(4). 17– 322.

Carter, S., dan Jones-Evans, D. 2006. Enterprise and Small Business. Harlow. FT Prentice-Hall.

N J. P. Tamvada. 2012. Firm growth and barriers to growth among small firms in India. Small Business Economics. 39. 383–400.

Cole, S., Sampson, T., dan B. Zia. 2010. Prices or knowledge? what drives demand for financial services in emerging markets?. Harvard Business School Working Paper. 09-117.

Cooper, A. C., F. J. Gimeno-Gascon, dan C. Y. Woo. 1994. Initial human and financial capital as predictors of new venture performance. Journal of Business Venturing. 9(5). 371–395.

Dahmen, P., dan Rodríguez, E. 2014. Financial literacy and the success of small businesses: An observation from a small business development center. Numeracy. 7(1).

Definit, OJK,dan USAID. 2013. Developing Indonesian Financial Literacy Index. Jakarta. USAID.

Draxler, A., Fischer, G., dan Schoar, A. 2014. Keeping it simple: Financial literacy and rules of thumb. American Economic Journal: Applied Economics. 6(2). 1-31.

Eke, E., dan Raath. 2013. SMME owners’ financial literacy and business growth. Mediterranean Journal of Social Sciences. 4(13). 397-406.

Fatoki, O. 2014. The financial literacy of micro entrepreneurs in South Africa. Journal of Social Science. 40(2). 151 - 158.

Grande, J., E. L. Madsen, dan O. J. Borch. 2011. The relationship between resources, entrepreneurial orientation and performance in farm-based ventures. Entrepreneurship & Regional Development:An International Journal. 23(3). 89–111.

Grup Pengembangan Keuangan Inklusif. 2014. Financial Literacy Baseline Survey (FLBS). Jakarta. GPKI -DPAU.

Hair, JF., WC. Black, WJ. Babin and RE. Anderson. 2010. Multivatiate Data Analysis, 7th Edition. New Jersey. Pearson Prentice Hall.

Hudson, M., A. Smart and M. Bourne. 2001. Theory and practice in SME performance measurement systems. International Journal of Operations & Production Management. 21(8). 1096- 1115.

Hutchinson, J., dan A. Xavier. 2006. Comparing the impact of credit constraints on the growth of SMEs in a transition country with an established market economy. Small Business Economics. 27 (2/3). 169–179.

Kaplan, R.S, dan Norton, D.P. 2005. The balanced scorecard - Measures that drive performance. Harvard Business Review. 83(7). 172.

Kementerian Keuangan Republik Indonesia. 2018. Melalui Paket Kebijakan Ekonomi Tahap IV Pemerintah Dukung UMKM Berorientasi Ekspor. http://www.kemenkeu.go.id/Berita/melalui-paket-kebijakan-ekonomi-tahapivpemerintah-dukung-umkmberorientasi-ekspor diakses tanggal 22maret2019.

Kumar, K., Boesso, G., Favotto, F., dan Menini, A. 2012. Strategic orientation, innovation patterns and performances of SMEs and large companies. Journal of Small Business and Enterprise Development. 19 (1). 132 – 145.

Downloads

Published

2020-04-14

Issue

Vol. 4 No. 1 (2020)

Section

Articles

License

Authors who publish in this journal agree to the following terms:

 

  1. The copyright of any article is held by its author.
  2. The author grants the journal, first publication rights with the work licensed concurrently under a Creative Commons Attribution License which allows others to share the work with an acknowledgment of authorship and the work's initial publication in this journal.
  3. Authors may make additional separate contractual arrangements for the non-exclusive distribution of the published journal version of the work (for example, posting it to an institutional repository or publishing it in a book), with acknowledgment of its initial publication in this journal.
  4. Authors are permitted and encouraged to post their work online (for example, in institutional repositories or on their websites) before and during the submission process, as doing so can lead to a productive exchange, as well as earlier and larger citation of the published work.
  5. Published articles and related materials are distributed under a Creative Commons Attribution-ShareAlike 4.0 International License