Abstract MSME is a creative industry that tends to have a short-term orientation in making business decisions. Generally SME actors do not have organized information about the financial condition, market share, competition dynamics and track record management. One way to enrich knowledge in managing finances is to use financial literacy. This study aims to analyze the effect of financial literacy on the performance and sustainability of MSMEs in Denpasar City. Data collection using a questionnaire distributed directly to the object of research. The population in the study were three MSME sectors that dominated in Denpasar City, namely the handicraft, culinary and fashion industry sectors totaling 330 MSMEs. The research sample was 100 MSMEs with the method of determining the sample, namely simple random sampling. Structural equation model based on partial least square is used to analyze data. The results showed that there was a significant influence between financial literacy on the performance and sustainability of MSMEs in Denpasar City. The implication of the results of this study is that with a good understanding of financial literacy it is expected that MSME actors will be able to make the right financial and management decisions to improve business performance and sustainability. Keywords: financial literacy, performance, sustainability Abstrak UMKM merupakan industri kreatif yang cenderung memiliki orientasi jangka pendek dalam pengambilan keputusan bisnisnya. Umumnya pelaku UMKM tidak memiliki informasi yang terorganisir tentang kondisi keuangan, pangsa pasar, dinamika kompetisi dan jejak rekam manajemen. Salah satu cara yang dapat dilakukan untuk memperkaya pengetahuan dalam mengelola keuangan adalah dengan menggunakan literasi keuangan. Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan terhadap kinerja dan keberlangsungan UMKM di Kota Denpasar. Pengumpulan data menggunakan kuesioner yang disebar langsung kepada objek penelitian. Populasi dalam penelitian adalah tiga sektor UMKM yang mendominasi di Kota Denpasar, yaitu sektor industri kerajinan, kuliner dan fashion sebanyak 330 UMKM. Sampel penelitian adalah sebanyak 100 UMKM dengan metode penentuan sampel, yaitu simple random sampling. Model persamaan struktural berbasis partial least square digunakan untuk menganalisis data. Hasil penelitian menunjukkan bahwa terdapat pengaruh yang signifikan antara literasi keuangan terhadap kinerja dan keberlangsungan UMKM di Kota Denpasar. Implikasi dari hasil penelitian ini adalah bahwa dengan pemahaman literasi keuangan yang baik diharapkan para pelaku UMKM akan mampu membuat keputusan keuangan dan manajemen yang tepat untuk peningkatan kinerja dan keberlanjutan usaha. Kata Kunci: literasi keuangan, kinerja, keberlangsungan
Bali is an area that relies on the tourism industry. The management of the tourism industry cannot be separated from other sectors, such as the creative industry. The creative industry is a supporter of economic growth in increasing employment opportunities and reducing the low population in Indonesia. Fashion and handicrafts are the mainstays of Bali's sub-sectors, with a proportion of 18 percent and 15.4 percent, respectively. The ability of human resources to express their creativity and skills plays an essential role in improving the performance of the relevant SMEs. The purpose of this study was to determine the position of entrepreneurial orientation development and market orientation in enhancing performance and to determine efforts to improve the performance of creative industry SMEs. The analysis technique using multiple linear regression analysis assisted by the SPSS program. The population in this study was the Creative Industry SMEs in the fashion and handicraft sub-sector. The research sample was 40 respondents with the sampling method using convenience sampling. The results of this study indicate that entrepreneurial orientation does not have a significant effect on improving performance.
Market snacks are foods that are usually bought from traditional markets. Until now the market snacks are still very popular for family snacks and served to guests. One type of market snacks that are well known from any times to the present is the sagon cake. In Bali the sagon cake which is commonly called "jaje sagon" is very popular, especially when it is approaching the feast day of "jage sagon" which is very popular in the market. This traditional cake made from coconut and sticky rice flour is the result of production from a home industry (IRT) business using simple equipment. The problems faced by partners include: 1) Do not have a bookkeeping or records related to income, expenses, production costs and profit and loss. 2) Do not have knowledge about management accounting practices related to the calculation of cost of production, cost of orders, capital budgeting and the performance of UMKM in conducting their business activities. 3) Do not understand corporate governance. 4) Don't have a marketing system like social media. 5) Unattractive product packaging and lack of product variation. The solutions offered for this problem are 1) Assisting in making simple financial books and reports. 2) Assist and provide management accounting training. 3) Provide training on the application of corporate governance, especially relating to the determination of production and marketing strategies. 4) Make social media to help in product marketing and provide assistance in its use. 5) Help make new packaging more attractive so that it can increase marketing and make alternative jaje sagon that is more varied from more contemporary flavors or forms.
The aim of the company is to maximize the value of the company through the implementation of financial decisions consisting of investment decisions, funding and dividend policies. Companies tend to use debt in order to increase the value of their company. If a manager is able to increase the value of the company, the manager has shown good performance for the company. To increase corporate value, a good funding and investment decision is needed. The purpose of this study was to determine the effect of institutional ownership and company growth on funding decisions and the value of manufacturing companies. The population of this study was 152 and was selected by purposive sampling so that 129 samples were obtained. Data Analysis Techniques use Path Analysis. Hypothesis test results show that the level of debt held by the company is influenced by institutional ownership and growth of the company. While the high and low values of the company are influenced by institutional ownership, the level of corporate debt and company growth.
The COVID-19 pandemic is a global pandemic that affects all aspects of world society. Indonesia as a tourism destination has been significantly affected by this pandemic. The number of tourist visits to Bali has decreased quite drastically and has an impact on MSMEs. The main objectives of our study are to analyze the influence or impact of tourism decline due to covid- 19 on the performance and sustainability of MSMEs in Denpasar City. The research sample was 100 MSMEs with the method of determining the sample, namely simple random sampling. Structural equation model based on partial least square is used to analyze data. The results showed that there was a significant influence between the decline in tourism on the performance and sustainability of MSMEs in Denpasar City. The implication of the results of this study is that MSME actors cannot avoid the impact of the decline in tourism. However, MSMEs must continue to strive to improve their performance and maintain their sustainability. For this reason, government attention and policies are needed for the affected MSME sector.
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