The Trigger of SMEs Performance: Considering Islamic Financial Literacy, Financial Access, and Technical Support
Abstract
Introduction to The Problem: MSMEs are crucial for economic growth and job creation, but they face challenges like limited financial literacy, access to capital, and inadequate management systems. Despite resilience during crises, many struggle with financial management and growth. A multifaceted approach involving financial education, access to finance, and infrastructure is essential to fully harness their potential.
Purpose/Objective Study: This research aims to analyze the influence of Islamic financial literacy, access to Islamic financial institutions, management control systems, and technical support on the performance of MSMEs
Design/Methodology/Approach: The sample selection for this research uses purposive sampling which resulted in a sample of 115 respondents domiciled in the Pangkah District, Tegal Regency. This research is a quantitative study. Primary data were obtained through questionnaires, and the analysis method used was multiple linear regression. Panel data tested using SPSS.
Findings: The results show that Islamic financial literacy, management control systems, and technical support have a positive and significant effect on MSMEs' performance, while access to Islamic financial institutions does not affect MSMEs' performance.
Keywords
References
Abdullah, R., Razak, A., & Ali, U. (2015). Exploratory research into Islamic financial literacy in Brunei Darussalam. Islamic FInancial Literacy, 59–83.
Amadasun, D. O. E., & Mutezo, A. T. (2022). Influence of access to finance on the competitive growth of SMEs in Lesotho. Journal of Innovation and Entrepreneurship, 11(1), 56. https://doi.org/10.1186/s13731-022-00244-1
Amalia, M. R. (2018). Analisis Pengaruh Pelatihan, Bantuan Modal, dan Cara Pengelolaan Usaha Terhadap Pendapatan Usaha Mikro Kecil dan Menengah. Permana : Jurnal Perpajakan, Manajemen, Dan Akuntansi, 10(2), 248–256. https://doi.org/10.24905/permana.v10i2.85
Amaliyah, F., & Hetika. (2023). Analisis Tingkat Literasi Keuangan Terhadap Pengelolaan Keuangan UMKM di Kota Tegal. JURNAL INFORMASI, PERPAJAKAN, AKUNTANSI, DAN KEUANGAN PUBLIK, 18(2), 179–198. https://doi.org/10.25105/jipak.v18i2.14480
Anasril, A. R. (2022). PERANAN SISTEM PENGENDALIAN MANAJEMEN DALAM MENINGKATKAN DAYA SAING UMKM. Jurnal Manajemen Dan Profesional, 3(1), 1–12. https://doi.org/10.32815/jpro.v3i1.937
Anggraeni, L., Puspitasari, H., El Ayyubi, S., & Wiliasih, R. (2013). Akses UMKM terhadap Pembiayaan Mikro Syariah dan Dampaknya terhadap Perkembangan Usaha: Kasus BMT Tadbiirul Ummah, Kabupaten Bogor. Al-Muzara’ah, 1(1), 56–67. https://doi.org/10.29244/jam.1.1.56-67
Arifin, M. N., & Mukhlis, I. (2022). Pengaruh literasi keuangan syariah dan religiusitas terhadap keputusan pengambilan pembiayaan usaha rakyat di bank syariah indonesia Malang Soetta. Jurnal Ekonomi, Bisnis Dan Pendidikan (JEBP), 2(1). https://doi.org/https://doi.org/10.17977/um066v2i12022p68-78
Beck, T., & Demirguc-Kunt, A. (2006). Small and medium-size enterprises: Access to finance as a growth constraint. Journal of Banking & Finance, 30(11), 2931–2943. https://doi.org/10.1016/j.jbankfin.2006.05.009
Br Tarigan, Z. N. A., Dewi, F. N., & Pribadi, Y. (2022). Keberlangsungan Usaha Mikro, Kecil, dan Menengah di Masa Pandemi: Dukungan Kebijakan Pemerintah. Jurnal BPPK : Badan Pendidikan Dan Pelatihan Keuangan, 15(1), 12–23. https://doi.org/10.48108/jurnalbppk.v15i1.666
Casteel, A., & Bridier, N. (2021). Describing Populations and Samples in Doctoral Student Research. International Journal of Doctoral Studies, 16, 339–362. https://doi.org/10.28945/4766
Duréndez, A., Dieguez-Soto, J., & Madrid-Guijarro, A. (2023). The influence of CEO’s financial literacy on SMEs technological innovation: the mediating effects of MCS and risk-taking. Financial Innovation, 9(1), 15. https://doi.org/10.1186/s40854-022-00414-w
Duréndez, A., Ruíz-Palomo, D., García-Pérez-de-Lema, D., & Diéguez-Soto, J. (2016). Management control systems and performance in small and medium family firms. European Journal of Family Business, 6(1), 10–20. https://doi.org/10.1016/j.ejfb.2016.05.001
Fajri, A., Indriasih, D., & Indriyati, N. (2021). Pengaruh Inklusi Keuangan dan Literasi Keuangan terhadap Kinerja UMKM Batik di Kabupaten Tegal. Permana : Jurnal Perpajakan, Manajemen, Dan Akuntansi, 13(1), 108–123. https://doi.org/10.24905/permana.v13i1.167
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2009). Multivariate Data Analysis.
Hamdani, L., Subing, H. J. T., & Yusfiarto, R. (2024). Catalysing Sustainability: Exploring Factors Shaping Green Initiatives in Micro, Small, and Medium-Sized Enterprises. Journal of Environmental Assessment Policy and Management. https://doi.org/10.1142/S1464333224500042
Hardani, Auliya, N. H., Andriani, H., Fardani, R. A., Ustiawaty, J., Utami, E. F., Sukmana, D. J., & Istiqomah, R. R. (2020). Metode Penelitian Kualitatif & Kuantitatif (1st ed.). Pustaka Ilmu.
Idawati, I. A. A., & Pratama, I. G. S. (2020). Pengaruh Literasi Keuangan Terhadap Kinerja dan Keberlangsungan UMKM di Kota Denpasar. Warmadewa Management and Business Journal (WMBJ), 2(1), 1–9. https://doi.org/10.22225/wmbj.2.1.1644.1-9
Jayeola, O., Sidek, S., Sanyal, S., Hasan, S. I., An, N. B., Mofoluwa Ajibade, S.-S., & Phan, T. T. H. (2022). Government financial support and financial performance of SMEs: A dual sequential mediator approach. Heliyon, 8(11), e11351. https://doi.org/10.1016/j.heliyon.2022.e11351
Khoirunnisa, A. N., Salsabiil, U. Z., Sodik, F., Dewanti, N. S., & Yusfiarto, R. (2023). LINKING RELIGIOSITY TO SOCIO-ENTREPRENEURSHIP INTENTION: A CASE OF MUSLIM YOUTH IN INDONESIA. Journal of Islamic Monetary Economics and Finance, 9(2). https://doi.org/10.21098/jimf.v9i2.1647
Kulathunga, K. M. M. C. ., Weerathunga, P., & Ye, J. (2020). Financial Literacy and SMEs Performances; Mediating Role of Risk Attitude. The 16th Internationl Conference on Innovation ＆Management, January, 1273–1283.
Kurniawan, P. S. (2020). Sosialisasi dan Pelatihan Penyusunan Laporan Keuangan Berbasis Teknologi Informasi bagi Pelaku UMKM di Desa Belatungan, Pupuan, Bali. E-Dimas: Jurnal Pengabdian Kepada Masyarakat, 11(4), 440–446. https://doi.org/10.26877/e-dimas.v11i4.3981
Margaretta Panjaitan, W. (2023). PENGARUH LITERASI KEUANGAN DAN GAYA HIDUP TERHADAP PERILAKU KONSUMTIF PARA PENGGUNA E-WALLET (STUDI PADA MAHASISWA S1 PENGGUNA E-WALLET PERGURUAN TINGGI DI KOTA JAMBI TAHUN 2021). UNIVERSITAS JAMBI.
Marlina, L., & Rahmat, B. Z. (2018). Peran Lembaga Keuangan Syariah Dalam Mengimplementasikan Keuangan Inklusif Bagi Pelaku UMKM Tasikmalaya. Ecodemica: Jurnal Ekonomi, Manajemen, Dan Bisnis, 2(1).
Megawati, I. A. P. (2022). Digitalization of SMES in Indonesia for Post Covid-19 Economic Recovery. International Conference on Industrial Revolution 4.0, 1(1), 143–164.
Mutmainna, M., Mar’ah, K., & Sadli, L. E. (2023). Strategy for Utilizing Village Fund Budget to Alleviate Poverty towards Village SDGs in Taeng Village Gowa Regenecy. International Journal of Social Service and Research, 3(4), 975–982. https://doi.org/10.46799/ijssr.v3i4.328
Narimawati, U. (2008). Metodologi penelitian kualitatif dan kuantitatif, teori dan aplikasi. Bandung: Agung Media, 9.
Ningrum, R. A. (2021). Pengaruh Inklusi Keuangan Syariah, Literasi Keuangan Syariah Dan Fintech Terhadap Kinerja Umkm Di Kota Jepara Jawa.
Nur’aeni, N., & Widyasari, W. (2022). Peran Tingkat Literasi Keuangan Syariah Dan Akses Pembiayaan Bank Syariah Terhadap Pertumbuhan Usaha Mikro Kecil Yang Dimiliki Muslim Di Kabupaten Bandung. Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan, Dan Akuntansi, 14(2), 116–129. https://doi.org/10.35313/ekspansi.v14i2.4425
Nurzianti, R. (2021). Revolusi lembaga keuangan syariah dalam teknologi dan kolaborasi fintech. Jurnal Inovasi Penelitian, 2(1), 37–46.
Pambekti, G. T., Yusfiarto, R., & Nugraha, S. S. (2022). ROSCAs THROUGH THE ISLAMIC COMMUNITY: AN ALTERNATIVE TO ENHANCING ENTREPRENEURSHIP AND WEALTH. Journal of Islamic Monetary Economics and Finance, 8, 81–106. https://doi.org/10.21098/jimf.v8i0.1371
Perdana, M. A. C., Sihombing, T. M., Chrisinta, D., Sahala, J., & Budaya, I. (2023). Pengaruh Dukungan Pemerintah, Infrastruktur, dan Akses Pasar terhadap Pertumbuhan Usaha Kewirausahaan di Wilayah Perkotaan. Sanskara Ekonomi Dan Kewirausahaan, 1(03), 149–161. https://doi.org/10.58812/sek.v1i03.121
Prasannath, V., Adhikari, R. P., Gronum, S., & Miles, M. P. (2024). Impact of government support policies on entrepreneurial orientation and SME performance. International Entrepreneurship and Management Journal, 20(3), 1533–1595. https://doi.org/10.1007/s11365-024-00993-3
Putri, M. N. (2022). Literasi Keuangan Syariah Dan Kinerja UMKM. Milkiyah: Jurnal Hukum Ekonomi Syariah, 1(2), 81–87. https://doi.org/10.46870/milkiyah.v1i2.240
Qoyum, A., Berakon, I., & AlHashfi, R. U. (2021). Metodologi Penelitian Ekonomi dan bisnis Islam: Teori dan Aplikasi. Raja Grafindo Persada.
Ramdhan, M. (2021). Metode penelitian. Cipta Media Nusantara.
Ruiz-Palomo, D., Diéguez-Soto, J., Duréndez, A., & Santos, J. A. C. (2019). Family Management and Firm Performance in Family SMEs: The Mediating Roles of Management Control Systems and Technological Innovation. Sustainability, 11(14), 3805. https://doi.org/10.3390/su11143805
Saibil, D. I., Khoirunnisa, A. N., & Yusfiarto, R. (2023). From Cash to Cashless: Understanding Users’ Switching Intentions from Cash to Mobile Payment Applications. Vision: The Journal of Business Perspective. https://doi.org/10.1177/09722629231197336
Septiani, R. N., & Wuryani, E. (2020). Pengaruh Literasi Keuangan Dan Inklusi Keuangan Terhadap Kinerja Umkm Di Sidoarjo. E-Jurnal Manajemen Universitas Udayana, 9(8), 3214. https://doi.org/10.24843/EJMUNUD.2020.v09.i08.p16
Setiawan, M. A. (2015). Analisis keterkaitan inklusi keuangan terhadap perilaku keuangan personal masyarakat di wilayah kota dan kabupaten Provinsi Jawa Timur. Jurnal Fakultas Ekonomi Dan Bisnis, 3(2).
Siskawati, E. N., & Ningtyas, M. N. (2022). Financial Literature, Financial Technology and Student Financial Behavior. DIALEKTIKA: Jurnal Ekonomi Dan Ilmu Sosial, 7(2), 102–113. https://doi.org/10.36636/dialektika.v7i2.1334
Sulistiogo, A. (2019). Pengaruh Kualitas SDM Dan Akses Informasi Terhadap Akses Permodalan Dan Dampaknya Terhadap Kinerja UMKM Mitra LPDB-KUMKM. JURNAL DINAMIKA MANAJEMEN DAN BISNIS, 2(1), 65–76. https://doi.org/10.21009/JDMB.02.1.5
Sumarwati, E. . (2019). Analisis Faktor-Faktor Yang Mempengaruhi Kinerja UMKM ( Studi Kasus Umkm Perempuan Di Kabupaten Sukoharjo). Indonusa Conference on Technology and Social Science, 2(1), 242–250.
Suprobo, W. A. (2014). Pengaruh Sistem Pengendalian Manajemen (SPM) Terhadap Kinerja Karyawan Dengan Inovasi Sebagai Variabel Intervening Pada Usaha Mikro Kecil Menengah (UMKM) Sektor Kuliner Wilayah Banyuwangi.
Tjokro, C. imelda, & Sandanafu, S. P. (2017). Pengaruh Sistem Pengendalian Manajemen terhadap Kinerja Perusahaan dengan Teknologi Informasi sebagai Pemoderasi(Studi Pada UMKM sektor Kuliner di Kota Ambon). JURNAL MANEKSI, 6(2), 1–6. https://doi.org/10.31959/jm.v6i2.14
Utama, S., Yusfiarto, R., Pertiwi, R. R., & Khoirunnisa, A. N. (2024). Intentional model of MSMEs growth: a tripod-based view and evidence from Indonesia. Journal of Asia Business Studies, 18(1), 62–84. https://doi.org/10.1108/JABS-08-2022-0291
Yanti, W. I. P. (2019). Pengaruh Inklusi Keuangan dan Literasi Keuangan Terhadap Kinerja UMKM di Kecamatan Moyo Utara. Jurnal Manajemen Dan Bisnis, 2(1). https://doi.org/10.37673/jmb.v2i1.305
Ye, J., & Kulathunga, K. (2019). How Does Financial Literacy Promote Sustainability in SMEs? A Developing Country Perspective. Sustainability, 11(10), 2990. https://doi.org/10.3390/su11102990
Yusfiarto, R. (2023). Transition Strategies of Green MSMEs: A Sequential Explanatory Design Mix Method Analysis. East Java Economic Journal, 7(2), 248–268. https://doi.org/10.53572/ejavec.v7i2.113
Yusfiarto, R., Nugraha, S. S., Mutmainah, L., Berakon, I., Sunarsih, S., & Nurdany, A. (2023). Examining Islamic capital market adoption from a socio-psychological perspective and Islamic financial literacy. Journal of Islamic Accounting and Business Research, 14(4), 574–594. https://doi.org/10.1108/JIABR-02-2022-0037
Yusfiarto, R., Nugraha, S. S., Santoso, D. B., & Pambekti, G. T. (2022). Islamic Banking and Loyalty: Service Quality, Intimacy or Religious Driven? Studies in Business and Economics, 17, 300–318. https://doi.org/https://doi.org/10.2478/sbe-2022-0040
Yusfiarto, R., & Pambekti, G. T. (2019). DOES INTERNET MARKETING FACTORS WITH ISLAMIC VALUE IMPROVE SMEs PERFORMANCE? Journal of Islamic Monetary Economics and Finance, 5(4), 807–828. https://doi.org/10.21098/jimf.v5i4.1101
Yusfiarto, R., Pambekti, G. T., Setiawan, A., Khoirunnisa, A. N., & Nugraha, S. S. (2022). DOES ISLAMIC SOCIAL CAPITAL ENHANCING SMEs SUSTAINABLE PERFORMANCE? Journal of Islamic Monetary Economics and Finance, 8(1). https://doi.org/10.21098/jimf.v8i1.1398
Zahra, S. A. (2005). A theory of international new ventures: a decade of research. Journal of International Business Studies, 36(1), 20–28. https://doi.org/10.1057/palgrave.jibs.8400118
Zahra, S. A., Sapienza, H. J., & Davidsson, P. (2006). Entrepreneurship and Dynamic Capabilities: A Review, Model and Research Agenda*. Journal of Management Studies, 43(4), 917–955. https://doi.org/10.1111/j.1467-6486.2006.00616.x
DOI: https://doi.org/10.37058/jes.v9i2.12911
Refbacks
- There are currently no refbacks.
Journal index by:
This work is licensed under a Creative Commons Attribution 4.0 International License.Â