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Financial capital, constraints, partners, and performance: An empirical analysis of Indonesia SMEs

JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen

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Field Value
 
Title Financial capital, constraints, partners, and performance: An empirical analysis of Indonesia SMEs
 
Creator Widnyana, I Wayan
Wijana, I Made Dauh
Almuntasir, Almuntasir
 
Subject Small and Medium Enterprises (SMEs); Financial Performance; Capital; Financial Constraints; Financial Partners
 
Description Indonesia's small and medium enterprises (SMEs) are considered the backbone of the national economy. However, the fact that SMEs still contribute less to the national gross domestic product (GDP) in terms of value-added, need to be addressed. While previous studies mainly focused on financial (access) constraints as one of the major constraints faced by small enterprises which affect their growth and performances, this study aims to extend the relationship between capital and financial performance of Indonesia SMEs with the moderating effect of financial constraints and partners. This study is different from others as it uses a bigger panel dataset which is about 4.36 million SMEs in Indonesia and is the first to explore the role of financial partners comprehensively. Moreover, the panel regression model with geographic analysis unit uses as a data analysis method. The results of the study show that financial capital has a positive and significant effect on the financial performance of SMEs. Furthermore, while the moderation role of financial partners on the relationship between financial capital and financial performance of Indonesia SMEs was failed to prove, the negative moderation effect of financial constraints was able to prove in this study.
 
Publisher University of Islam Malang
 
Contributor
 
Date 2021-08-29
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://riset.unisma.ac.id/index.php/jema/article/view/11318
10.31106/jema.v18i2.11318
 
Source JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen; Vol 18, No 2 (2021): JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen; 210-235
2597-4017
1693-7864
10.31106/jema.v18i2
 
Language eng
 
Relation http://riset.unisma.ac.id/index.php/jema/article/view/11318/PDF
http://riset.unisma.ac.id/index.php/jema/article/downloadSuppFile/11318/1878
 
Rights Copyright (c) 2021 JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen
http://creativecommons.org/licenses/by/4.0