Enhancing Culinary MSME Sustainability in Semarang Regency Through Financial Access and Management Efficiency
DOI:
https://doi.org/10.59890/ijaeam.v3i1.225Keywords:
Business Sustainability, Culinary SMEs, Financial Access, Financial Management Efficiency, Semarang RegencyAbstract
This study aims to analyze the influence of financial access and financial management efficiency on the sustainability of culinary SMEs in Semarang Regency. Using a sample of 330 SMEs selected through proportional random sampling from a population of 1,876 culinary SMEs. Data were collected through questionnaires and analyzed using multiple linear regression. Results show that financial access (β=0.428, p<0.01) and financial management efficiency (β=0.365, p<0.01) have a significant positive effect on SME sustainability. Simultaneously, both variables explain 54.2% of SME sustainability variation (F=45.876, p<0.01). The study recommends strengthening formal financial access and enhancing SMEs' financial management capabilities through integrated mentoring programs
References
Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99–120. https://doi.org/10.1177/014920639101700108
Hartanto, R., & Kacaribu, F. (2021). Financial literacy, access to finance, and business sustainability: Evidence from small enterprises in Indonesia. Bulletin of Monetary Economics and Banking, 24(1), 1–20. https://doi.org/https://doi.org/10.21098/bemp.v24i1.1222
Heru Yulianto, Abdul Rauf, Dyah Palupiningtyas, & Ray Octafian. (2022). Pelatihan Manajemen Umkm Sebagai Upaya Peningkatan Ekonomi Pada Masa Pandemi Bagi Kelompok Wirausaha di Desa Jembrak. Jurnal Pengabdian Masyarakat Waradin, 2(3), 18–23. https://doi.org/10.56910/wrd.v2i3.293
Kusuma, H., & Pramesti, W. (2023). Financial management practices and performance of small enterprises in Indonesia. Journal of Asian Finance, Economics and Business, 10(2), 221–230. https://doi.org/https://doi.org/10.13106/jafeb.2023.vol10.no2.221
Kusumawati, R., Hakim, L., & Santoso, D. (2022). Financial management efficiency and SMEs resilience: Evidence from Indonesian culinary sector. International Journal of Economics and Business Administration, 10(1), 89–104. https://doi.org/10.35808/ijeba/680
N. Berger, A., & F. Udell, G. (1998). The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle. Journal of Banking and Finance, 22(6–8), 613–673. https://doi.org/10.1016/S0378-4266(98)00038-7
Prabowo, A., & Palupiningtyas, D. (2024). Analisis Strategi Pengelolaan Keuangan Desa Dalam Meningkatkan Kesejahteraan Masyarakat Desa. Kompak :Jurnal Ilmiah Komputerisasi Akuntansi, 17, 73–81. https://doi.org/10.51903/kompak.v17i2.1906
Rahman, A., & Abdullah, M. (2021). Financial access and business sustainability: Evidence from SMEs in developing countries. Journal of Economics and Financial Issues, 11(3), 61–70. https://doi.org/https://doi.org/10.32479/ijefi.11231
Safitri, L., & Setiawan, K. (2020). Access to finance and business performance: A study of SMEs in Southeast Asia. Journal of Economics, Business, and Accountancy Ventura, 10(12), 1420–1432. https://doi.org/https://doi.org/10.18488/journal.aefr.2020.1012.1420.1432
Setyawan, R., & Ishak, Z. (2023). Financial efficiency and business sustainability of small enterprises. Journal of Economics, Business, and Accountancy Ventura, 25(2), 243–256. https://doi.org/https://doi.org/10.14414/jebav.v25i2.2907
Waruwu, M. K., & Palupiningtyas, D. (2024). Analysis of the Influence of Macro Economic Factors on the Financial Performance of the Nadira Fashion Company in Randugunting Village, Bergas District, Semarang Regency. Journal of Business Management and Economic Development, 2(02), 626–634. https://doi.org/10.59653/jbmed.v2i02.677
Wijaya, S., & Rachmawati, R. (2022). Financial literacy and business success: A study of small enterprises in Java, Indonesia. Journal of Economics and Business, 5(2), 456–469. https://doi.org/https://doi.org/10.31014/aior.1992.05.02.421
Wijayanto, A., & Suryanto, T. (2019). Determinants of SMEs development: Evidence from Indonesia. Economics and Sociology, 12(4), 222–234. https://doi.org/10.14254/2071-789X.2019/12-4/14
Zebua, E., & Palupiningtyas, D. (2024). Financial Planning: A Key Factor in Successful Family Business Succession in Semarang Regency, Indonesia. International Journal of Economic, Finance and Business Statistics, 2(3), 155–168. https://doi.org/https://doi.org/10.59890/ijefbs.v2i3.1838.
