DETERMINANT FACTOR ANALYSIS OF FINANCIAL PERFORMANCE OF MICRO, SMALL AND MEDIUM ENTERPRISES WITH SOCIAL CAPITAL AS A MODERATING VARIABLE DURING COVID-19 IN ACEH, INDONESIA

Raihani Raihani, Muda Iskandar, Lumbanraja Prihatin and Raza Hendra
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Raihani Raihani: Universitas Sumatera Utara, Medan, Sumatra Utara, Indonesia
Muda Iskandar: Universitas Sumatera Utara, Medan, Sumatra Utara, Indonesia
Lumbanraja Prihatin: Universitas Sumatera Utara, Medan, Sumatra Utara, Indonesia
Raza Hendra: Universitas Malikul Saleh, Lhoksumawe, Aceh, Indonesia

Studies in Business and Economics, 2024, vol. 19, issue 2, 176-198

Abstract: This study analyzes the problem factors affecting Micro, Small, and Medium Enterprises (MSMEs) performance with social capital variables. The problems are related to developing MSMEs'financial and non-financial performance and are considered inseparable from various internal and external influences. This research is a quantitative-qualitative research with primary data. The utilization of questionnaires and interviews as methods for data collection. The data analysis technique used was a statistical analysis based on partial least squares (PLS). The study's results found that internal and external factors had a significant positive effect on the financial performance of MSMEs. The E-commerce factors and social capital significantly positively affected the financial performance of MSMEs. However, the colonial capital did not strengthen the relationship between internal variables, external, and E-commerce on the financial performance of MSMEs.

Keywords: Internal factor; external factors; e-commerce factors; financial performance; MSMEs; Social Capital (search for similar items in EconPapers)
Date: 2024
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