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Journal : JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen

Financial capital, constraints, partners, and performance: An empirical analysis of Indonesia SMEs I Wayan Widnyana; I Made Dauh Wijana; Almuntasir Almuntasir
JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen Vol 18, No 2 (2021): JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen
Publisher : University of Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31106/jema.v18i2.11318

Abstract

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.
Financial capital, constraints, partners, and performance: An empirical analysis of Indonesia SMEs I Wayan Widnyana; I Made Dauh Wijana; Almuntasir Almuntasir
JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen Vol. 18 No. 2 (2021): JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen
Publisher : University of Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31106/jema.v18i2.11318

Abstract

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.
Co-Authors A.A. Ade Eka Putra Andryawan Almuntasir Almuntasir Bontot, I Nyoman Charlie Wirawan Cokorda Agung Satya Pramantha Desak Made Ari Susilawati Desak Made Ayu Shania Saraswati Desak Putu Parmiti Desak Putu Satria Lantasari Dewa Ayu Diah Kharisma Dewi Dian Tariningsih Dominicius Djoko Budi Susilo Dominicus Djoko BS. G. Oka Warmana, G. Oka Gregorius Paulus Tahu Gregorius Paulus Tahu Gusti Ngurah Japa I Dewa Gede Punarbawa I Dewa Nyoman Raka I Gede Urwa Oka Semarabawa I Gst Ngr Bagus Gunadi I Gst Ngurah Bagus Gunadi I Gst. Ngr Bagus Gunadi I Gusti Agung Teja Kusuma I Gusti Ayu Putri Sinta Dewi I Gusti Ngurah Bagus Gunadi I Gusti Ngurah Bagus Gunadi I Gusti Ngurah Japa I Komang Windu Sandika I Made Diarta I Made Sukadana I Nengah Suarmanayasa I Nyoman Bontot I Nyoman Suparsa I Putu Kevin Gautama I Wayan Suardiyasa I Wayan Sujana I Wayan Sujana I Wayan Sukadana I Wayan Sukadana Ida Ayu Agung Anggreni Putri Ida Ayu Made Citra Dewi Kadek Sinta Purnamasari Komang Ayu Sukma Ginanti Komang Dibia Suwardewa Komang Emi Yulistia Dewi Lantasari, Desak Putu Satria Nengah Landra Ni Kadek Dewi Maskanti Ni Kadek Dwi Pebriyanti Ni Kadek Dwi Suciati Ni Kadek Lilis Ni Kadek Rika Putri Rahayu Ni Kadek Santi Suarniti Ni Kadek Septiari Ni Kadek Sugiartini Ni Kadek Sulistiawati Ni Kadek Yunita Sari Ni Ketut Sri Wulandari Ni Komang Apriwila Santi Mastini Ni Komang Evi Endayani Ni Komang Nita Maheni Ni Komang Putri Aristiani Ni Luh Ari Yusasrini Ni Luh Ayu Grahetha Tirta Dewi Suastra Ni Luh Diah Widiastuti Ni Luh Purwaningsih Ni Luh Silvia Ratna Juliantari Ni Luh Tresna Fridaliyanti Ni Made Arik Pebriyanti Ni Made Ayu Gita Dianningrat Ni Made Ayu Mariani Ni Made Chintya Dewi Ni Made Dewi Antari Ni Made Feby Rahayu Ni Made Krisna Arum Listyaningsih Ni Made Luisiana Wulandari Ni Made Widya Sari Ni Nyoman Ayuning Kertyasih Ni Putu Riskayanti Ni Putu Trisna Yuliantari Ni Wayan Lestari Pebriyanti, Ni Made Arik Rosalia Dalima Landang Sapta Rini Widyawati Wijana, I Made Dauh