The Model for Improving Business Performance Using Microfinancial Institutions and Entrepreneurship Competencies
Bibliographic Data
| ID | 22140751 |
|---|---|
| Authors | Erna Herlinawati (University of Indonesia), Riyandi Nur Sumawidjaja (University of Indonesia), Yoyo Sudaryo (0000-0002-5129-1958, Sri Ramachandra Institute of Higher Education and Research), Rama Chandra Jaya (Sri Ramachandra Institute of Higher Education and Research), Gurawan Dayona Ismail (University of Indonesia) |
| Year | 2023 |
| Volume | 25 |
| Issue | 1 |
| Pages | 116 |
| Publication date | 2023-03-06 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sosiohumaniora (JOURNAL) |
| Journal identifiers | ISSN: 2443-2660 • E-ISSN: 2443-2660 |
| Publisher | Universitas Padjadjaran (PUBLISHER) |
| DOI | 10.24198/sosiohumaniora.v25i1.44707 |
| OpenAlex | W4361306897 |
| Language | EN |
| References cited | 3 |
This paper will assess & present empirical evidence on the issue in order to better understand how Microfinance Institutions (MFIs) mediate entrepreneurial talents. The role of MFIs is evaluated based on their functions as a source of finance, facilitators for financial management, managerial management, and marketing management. Sales growth, profit growth, asset growth, employee growth, and market share growth are all ways to gauge a company’s performance. While entrepreneurial ability is assessed using technical, marketing, financial, and interpersonal abilities. The research approach is explanatory, with data collected through questionnaires and interviews. A sample of 150 SMEs sampled the population of 34,816 SMEs in West Java’s Greater Bandung region, Indonesia, using a proportionate random sampling approach. Structural Equation Modeling and a 5-point Likert scale were used to analyze the data collected (SEM). According to the findings, microfinance institutions can help businesses succeed by a small but significant amount. Business performance is positively and significantly impacted by entrepreneurial talents. The MFIS’s significance in influencing entrepreneurial skills expands in relation to corporate performance
Business · Economic growth · Economics · Entrepreneurship · Likert scale · Microfinance · New Ventures · Population · Structural equation modeling · Financial Literacy and Behavior · Microfinance and Financial Inclusion · Psychology · SMEs Development and Digital Marketing · Finance · Marketing
| Highly cited | No |
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