Financial capital, constraints, partners, and performance: An empirical analysis of Indonesia SMEs
JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen
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Title |
Financial capital, constraints, partners, and performance: An empirical analysis of Indonesia SMEs
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Creator |
Widnyana, I Wayan
Wijana, I Made Dauh Almuntasir, Almuntasir |
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Subject |
Small and Medium Enterprises (SMEs); Financial Performance; Capital; Financial Constraints; Financial Partners
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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.
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Publisher |
University of Islam Malang
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Contributor |
—
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Date |
2021-08-29
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
http://riset.unisma.ac.id/index.php/jema/article/view/11318
10.31106/jema.v18i2.11318 |
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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 |
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Language |
eng
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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 |
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Rights |
Copyright (c) 2021 JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen
http://creativecommons.org/licenses/by/4.0 |
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