The Inclusion and Literation Finance on MSME performance through adoption of financial reporting standard
##plugins.themes.bootstrap3.article.sidebar##
Published:
Apr 2, 2024
Keywords:
Adoption of Financial Reporting Standards, Financial Inclusion, Financial Literacy, MSME performance
Section
Articles
Statistics Article
Article View : 194 Times
##plugins.themes.bootstrap3.article.main##
Abstract
MSMEs must monitor their financial health by preparing financial reports according to established standards. This affects the overall performance of SMEs, which is also influenced by other developing factors such as financial inclusion and financial literacy. This research aims to investigate how the application of financial reporting standards can help regulate the relationship between financial literacy and financial inclusion on the performance MSMEs in Semarang City. A structured questionnaire was used to collect quantitative data from MSME actors in 16 sub-districts of the city of Semarang. Sampling in this study used the cluster sampling method. There are 145 data samples available. Data analysis uses multiple regression and the Sobel test to identify mediating variables. The research results show that SME performance is significantly and positively influenced by financial literacy, financial inclusion and the adoption of financial reporting standards. The adoption of financial reporting standards can improve the relationship between financial literacy and financial inclusion on MSME performance. The contribution of this research is to increase understanding of the importance of financial literacy. financial inclusion and adoption of reporting standards. Financing that meets standards affects the performance of small and medium enterprises (SMEs) in the long term
##plugins.themes.bootstrap3.article.details##
How to Cite
Praptitorini, M. D., & Astohar, A. (2024). The Inclusion and Literation Finance on MSME performance through adoption of financial reporting standard. Indonesia Auditing Research Journal, 13(1), 1–10. https://doi.org/10.35335/arj.v13i1.241
References
Amri, A. F., & Iramani, I. (2018). Pengaruh Literasi Keuangan Terhadap Kinerja Umkm Di Surabaya. Journal of Business & Banking, 8(1), 59–70. https://doi.org/10.14414/jbb.v8i1.1522
Anisyah, E. N., Pinem, D., & Hidayati, S. (2021). Pengaruh literasi keuangan, inklusi keuangan dan financial technology terhadap perilaku keuangan pelaku UMKM di Kecamatan Sekupang. Management and Business Review, 5(2), 310–324. https://doi.org/10.21067/mbr.v5i2.6083
Bakhtiar, F., Prayoga, R., & Mulya, A. (2022). Analisis literasi keuangan dan financial technology terhadap inklusi keuangan pada pelaku UMKM perempuan. AKUNTABEL : Jurnal Akuntansi Dan Keuangan, 2(2), 260–268. https://doi.org/10.29264/jakt.v19i2.11178
Bakhtiar, F., Rusdi, R., & Mulia, A. (2022). Pengaruh Literasi Keuangan Syariah , Terhadap Inklusi Keuangan Syariah Melalui Financial Technologi Syariah Sebagai Variabel Intervening. YUME: Journal of Managemeny, 5(2), 588–603. https://doi.org/10.37531/yume.vxix.3466
Barney, J., Wright, M., & Ketchen, D. J. (2001). The resource-based view of the firm: Ten years after 1991. Journal of Management, 27(6), 625–641. https://doi.org/10.1177/014920630102700601
Basmar, E., & S, H. (2021). Literasi Keuangan Dimasa Pandemi Covid 19 (FLC19) dan Pengaruhnya Terhadap Siklus Keuangan Di Indonesia. POINT: Jurnal Ekonomi Dan Manajemen, 3(2), 21–33. https://doi.org/10.46918/point.v3i2.1152
Bokol, D. D., . R., & Perdana, S. (2020). Understanding of Accounting and Training for the Development of MSME’s Financial Statements Based on Sak Emkm. International Journal of Small and Medium Enterprises, 3(1), 43–47. https://doi.org/10.46281/ijsmes.v3i1.560
Bowen, M., Morara, M., & Mureithi, M. (2009). Management of Business Challenges Among Small and Micro Enterprises in Nairobi-Kenya. KCA Journal of Business Management, 2(1), 16–31. https://doi.org/10.4314/kjbm.v2i1.44408
Buchdadi, A. D., Sholeha, A., Ahmad, G. N., & Mukson. (2020). the Influence of Financial Literacy on Smes Performance Through Access To Finance and Financial Risk Attitude As Mediation Variables. Academy of Accounting and Financial Studies Journal, 24(5), 1–16.
Dermawan, T. (2019). Pengaruh Literasi, Inklusi dan Pengelolaan Keuangan terhadap Kinerja dan Keberlanjutan UMKM (Studi pada Pelaku Usaha Mikro Mahasiswa Universitas Brawijaya). Jurnal Skripsi, 3–14.
Eton, M., Mwosi, F., Okello-Obura, C., Turyehebwa, A., & Uwonda, G. (2021). Financial inclusion and the growth of small medium enterprises in Uganda: empirical evidence from selected districts in Lango sub-region. Journal of Innovation and Entrepreneurship, 10(1). https://doi.org/10.1186/s13731-021-00168-2
Febriana, S. N. (2021). Pengaruh Inklusi Keuangan dan Literasi Keuangan terhadap Kinerja UMKM pada masa Pandemi Covid-19 (studi kasus pada UMKM Kabupaten Malang. Competitive, 16, 59–69. https://ejurnal.poltekpos.ac.id/index.php/competitive/article/view/1287
Gunawan, A., Jufrizen, & Pulungan, D. R. (2023). Improving MSME performance through financial literacy, financial technology, and financial inclusion. International Journal of Applied Economics, Finance and Accounting, 15(1), 39–52. https://doi.org/10.33094/ijaefa.v15i1.761
Hair, J. F., Sarstedt, M., Hopkins, L., & Kuppelwieser, V. G. (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. European Business Review, 26(2), 106–121. https://doi.org/10.1108/EBR-10-2013-0128
Ina Ibor, B., Offiong, A. I., & Mendie, E. S. (2017). Financial Inclusion and Performance of Micro, Small and Medium Scale Enterprises in Nigeria. International Journal of Research -GRANTHAALAYAH, 5(3), 104–122. https://doi.org/10.29121/granthaalayah.v5.i3.2017.1758
Joni, J., Ahmed, K., & Hamilton, J. (2020). Politically connected boards, family and business group affiliations, and cost of capital: Evidence from Indonesia. The British Accounting Review, 52(3), 100878. https://doi.org/10.1016/j.bar.2019.100878
Karim, A., Manaf, N. A., & Hashim, H. (2019). The Impact of Financial Literacy on Business Performance of Micro and Small Enterprises (MSEs) in Malaysia. Journal of Economics, Business, and Accountancy Ventura, 22(1), 123–134. www.rsisinternational.org
Lee, I., & Shin, Y. J. (2018). Fintech: Ecosystem, business models, investment decisions, and challenges. Business Horizons, 61(1), 35–46. https://doi.org/10.1016/j.bushor.2017.09.003
Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5–44. https://doi.org/10.1257/jel.52.1.5
Mayasari, N. L. (2022). Pengaruh Kualitas Laporan Keuangan, Inklusi Keuangan, dan Literasi Keuangan Terhadap Kinerja UMKM di Kabupaten Pat. Paper Knowledge . Toward a Media History of Documents, 1–96.
Park, C.-Y., & Mercado, R. J. (2015). Financial Inclusion, Poverty, and Income Inequality in Developing Asia. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2558936
Purwidianti, W., & Tubastuvi, N. (2019). The Effect of Financial Literacy and Financial Experience on SME Financial Behavior in Indonesia. Jurnal Dinamika Manajemen, 10(1), 40–45. https://doi.org/10.15294/jdm.v10i1.16937
Rahayu, C. W. E., & Rahmawati, C. H. T. (2022). Financial Management Of Msme In Culinary Industry According To Demographics And Financial Literacy. Journal of Management and Business Environment (JMBE), 4(1), 82–99. https://doi.org/10.24167/jmbe.v4i1.4626
Ramadanti, H. R. A. S., Nawir, J., & Marlina. (2021). Analisis Perilaku Keuangan Generasi Z Pada Cashless Society Analysis of Financial Behavior of Generation Z on Cashless Society. Jurnal Visionida, 7(2), 96–109.
RATNAWATI, K. (2020). The Influence of Financial Inclusion on MSMEs’ Performance Through Financial Intermediation and Access to Capital. The Journal of Asian Finance, Economics and Business, 7(11), 205–218. https://doi.org/10.13106/jafeb.2020.vol7.no11.205
Sanistasya, P. A., Raharjo, K., & Iqbal, M. (2019). Pengaruh Literasi Keuangan dan Inklusi Keuangan Terhadap Kinerja Usaha Kecil di Kalimantan Timur. Jurnal Economia, 15(1), 48–59.
Silitonga, H., Sianipar, R. T., Putri, J. A., & Siregar, R. T. (2023). Pengadopsian Standar Laporan Keuangan Sebagai Pemediasi Hubungan Antara Literasi Keuangan Dan Inklusi Keuangan Terhadap Kinerja Umkm Di Kota Pematangsiantar. Owner, 7(2), 1624–1634. https://doi.org/10.33395/owner.v7i2.1335
Simpson, M., Padmore, J., & Newman, N. (2012). Towards a new model of success and performance in SMEs. International Journal of Entrepreneurial Behavior & Research, 18(3), 264–285. https://doi.org/10.1108/13552551211227675
Steelyana, W. (2013). The Role of Financial Inclusion in the Implementation of Financial Reporting Standards for SMEs (Small Medium Enterprise) in Indonesia in Facing the ASEAN …. 2nd International Conference on Business …. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2525010
Sugiyono. (2019). Metodologi Penelitian Kuantitatif, Kualitati dan R & D (Sugiyono (ed.); 2nd ed.). Alfa Beta.
Suryani, H. S. (2021). Modal Sosial Terhadap Inklusi. Jurnal Manajemen Dan Bisnis, 4(3), 35–42. http://doi.org/10.33395/remik.v4i2 [DOI
Yahya, D. R., & Rahayu, R. (2020). Inovasi Financial Technology Terhadap Peningkatan Inklusi Keuangan. Media Mahardhika, 18(2), 155–165. https://doi.org/10.29062/mahardika.v18i2.144
Yakob, S., Yakob, R., B.A.M., H.-S., & Rusli, R. Z. A. (2021). Financial Literacy and Financial Performance of Small and Medium-sized Enterprises. The South East Asian Journal of Management, 15(1), 72–96. https://doi.org/10.21002/seam.v15i1.13117
Yuliati, Sudarmiatin, & Agus Hermawan. (2022). Impact of Mixed Household and Business Financial Statements on MSMEs JIE TOOM Grati Pasuruan. International Journal Of Humanities Education and Social Sciences (IJHESS), 2(3), 690–695. https://doi.org/10.55227/ijhess.v2i3.288
Yuliyanti, P., & Pramesti, D. A. (2021). Tercapainya Inklusi Keuangan Mampukah Dengan Literasi Keuangan Dan Financial Technology? Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha, 29(2), 57–70. https://doi.org/10.32477/jkb.v29i2.292
Copyright and Licensing
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.