Article Sidebar

Download
Download Article

Main Article Content

Abstract

This study examines the impact of access to capital and financial technology on the business performance of micro, small, and medium enterprises (SME) in Sidoarjo, Indonesia. Adopting a quantitative approach, the research surveyed 100 SME owners and employed multiple linear regression analysis to explore the relationship between these variables. The findings reveal that access to capital and financial technology positively and significantly impact SME performance. The study highlights the crucial role of digital financial services in enhancing financial inclusion and suggests that improved access to funding enhances operational capacity and fosters growth. These insights aim to guide government and institutional policies that bolster SME resilience and development in the digital age.

Keywords

Access to Capital Financial Technology Business Performance SME

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

How to Cite
Unusida, A. S. P., Fahriani, D., Muzakki, K., & Wicaksono, A. (2025). The Impact of Access to Capital and Financial Technology on the Business Performance of SME in Sidoarjo, Indonesia. Golden Ratio of Finance Management, 5(2), 410–422. https://doi.org/10.52970/grfm.v5i2.1363
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX

References

  1. Amin, N. F., Gaplan, S., & Abunawas, K. (2023). General concepts of populations and samples in the study. Pilar Journal: Journal of Contemporary Islamic Studies, Volume 14(2776–3005). Https://Journal.Unismuh.Ac.Id/Index.Php/Pilar/Article/Viewfile/10624/5947
  2. Ananda Kurniawan, B. (2024). The efforts of the Sidoarjo Regency Cooperative and Micro Business Office in reviving micro, small, and medium enterprises in the modern era. Innovative: Journal Of Social Science Research, 4, 1696–1704.
  3. Ardiansyah, Risnita, & Jailani, M. S. (2023). Data collection techniques and educational scientific research instruments on qualitative and quantitative approaches. Journal of Ihsan: Journal of Islamic Education, 1(2), 1–9. Https://Doi.Org/10.61104/Ihsan.V1i2.57
  4. Asrulla, Risnita, Jailani, M. S., & Jeka, F. (2023). Population and sampling (quantitative) and selecting key informants (qualitative), in a practical approach. Journal of Tambusai Education, 7(3), 26320–26332.
  5. Ayuningtyas, S. A., Arif Farida, & Era Trianita Saputra. (2024). The Influence of Business Capital, Location, Business Length, and Information Technology on Thrift Shop Revenue in Surakarta City. Initiative: Journal of Economics, Accounting and Management, 3(2 second articles), 128–147. Https://Jurnaluniv45sby.Ac.Id/Index.Php/Inisiatif/Article/View/2268
  6. Chandrawan, D., Widjojo, J., & Munir, A. (2023). Financial Technology Peer-to-Peer Lending is one of the financing solutions for SME. Values, 56–65. Https://Jurnalbima.Id/Index.Php/Nilai/Article/View/153%0ahttps://Jurnalbima.Id/Index.Php/Nilai/Article/Download/153/114
  7. Fian, A., Sokibi, P., & Magdalena, L. (2020). The payment gateway application on the student waroeng marketplace application uses Midtrans. Journal of Informatics of Pamulang University, 5(3), 387. Https://Doi.Org/10.32493/Informatika.V5i3.6719
  8. Fitriyah, A., & Muzakki, K. (2024). The Effect of Understanding Tax Regulations, Taxpayer Awareness, and Tax Sanctions on the Compliance of SME Taxpayers in Sidoarjo District. Jiip - Scientific Journal of Educational Sciences, 7(5), 4504–4512. Https://Doi.Org/10.54371/Jiip.V7i5.4309
  9. Habib, Z., Subakti, H., Suttrisno, Saftari, M., Sari, A. C., Simarmata, J., Silaban, P. S. M. J., Yuniwati, I., Riana, L. W., & Lotulung, C. V. (2024). Quantitative Research Design (A. Karim (Ed.)). Our Writing Foundation. File:///C:/Users/Hp/Downloads/Fullbookdesainpenelitiankuantitatif.Pdf
  10. Hamida, Diana, & Junaidi. (2023). The Effect of Financial Literacy, Access to Capital, and Interest in Using E-Commerce on SME Performance (Case Study on SME Actors in Kediri City). E_Jurnal Scientific Research Accounting, 12(02), 181–188. Http://Jim.Unisma.Ac.Id/Index.Php/Jra,
  11. Hanifawati, T., & Listyaningrum, R. S. (2021). Improving the performance of SME during the COVID-19 pandemic through the implementation of product innovation and online marketing. Journal of Clinical Psychology, 24(3), 412–426. Https://Doi.Org/10.23917/Warta.V24i3.12615
  12. Indriana, I., Satila, H. T., Alwi, B. D., & Fikri, M. (2022). Fintech Equity Crowdfunding Sharia as a solution for SME capital access. Business: Journal of Islamic Business and Management, 10(1), 1. Https://Doi.Org/10.21043/Bisnis.V10i1.13142
  13. Julita. (2020). Locus of Control, Intellectual Capital, and Fintech Implementation to Improve the Performance of SME in Medan Julita City. Maneggio: Scientific Journal of the Master of Management, 7(1), 97–104. Http://Jurnal.Umsu.Ac.Id/Index.Php/Maneggio
  14. Maharadja, A. N., Maulana, I., & Dermawan, B. A. (2021). Application of the Multiple Linear Regression Method for Prediction of State Losses Based on Corruption Cases. Journal Of Applied Informatics And Computing, 5(1), 95–102. Https://Doi.Org/10.30871/Jaic.V5i1.3184
  15. Mapuasari, S. A., Nisha, A. B., Fitriana, E., Akuntansi, D., & Presiden, U. (2024). Does Carbon Disclosure Moderate The Relationship Of Women Directors And Corporate Governance Toward Firm Value ? Soedirman Accounting Review (Sar): Journal Of Accounting And Business, 09(02), 141–159.
  16. Marzana, S. K., Amri, K., & Amanatillah, D. (2023). The Effect of Capital Access, Marketing Strategies, and Product Innovation on Conventional Business Performance in Banda Aceh City. Ekobis Shariah, 7(2), 17. Https://Doi.Org/10.22373/Ekobis.V7i2.20171
  17. Masitoh, N., Rosidah, E., & Kurniawati, A. (2023). The Effect of Digital Banking Services on Customer Satisfaction at PT Bank Negara Indonesia (Persero) Tbk Tasikmalaya Branch Office. Banku: Journal of Banking and Finance, 4(1), 11–16. Https://Doi.Org/10.37058/Banku.V4i1.6812
  18. Narasati, M. (2020). Financial Technology (Fintech) in Indonesia is reviewed from an Islamic perspective. Indonesian Interdisciplinary Journal Of Sharia Economics (Iijse), 2(2), 155–170.
  19. Oktariani, D. P., Susyanti, J., & Nurhidayah. (2022). The Effect of Financial Literacy, Access to Capital, and the Use of Fintech on the Performance of SME in Batu City during the Covid-19 Pandemic. Journal of Management Research of Management Study Program, 11(20), 72–83.
  20. Prof.Dr.Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, Dan R&D (M. Dr.Ir.Sutopo.S.Pd (Ed.)). Alfabeta, CV. Https://Drive.Google.Com/File/D/17wkguvyhtblxf0tm18_3rrgo7lq8ohxl/View?Usp=Drivesdk
  21. Rodliyah, I. (2021). Basic Introduction to Statistics With Analysis With The Help Of SPSS Software. Http://Www.Lppm.Unhasy.Ac.Id.
  22. Rohmah, S., Abidin, R., & Kurniawan, P. C. (2022). The Role of Fintech, Financial Inclusion, and Locus of Control on SME Performance (Study on SME of Pekalongan Batik Center). Journal of Management, Business and Entrepreneurship, 2(2), 61–69. Https://Doi.Org/10.55606/Jumbiku.V2i2.1537
  23. Sahir, S. H. (2022). Metodologi Penelitian (M. S. Dr. Ir. Try Koryati (Ed.)). Penerbit Kbm Indonesia.
  24. Siagian, N., Sianturi, C. A., & Sihombing, R. (2023). The Effect of Mentoring and Access to Capital on Community Entrepreneurial Interest in Tapian Nauli III Village, Tapian Nauli District, Central Tapanuli Regency. Journal of Corporate Business, 7(2), 66–89. Https://Doi.Org/10.46576/Jbc.V7i2.3039
  25. Silalahi Astridawati, Andinda, H. A., & Dina, S. (2024). Results of Classical Assumption Calculation: About the Test. Multidisciplinary Scientific Journal (Jim), 8(12), 218–225.
  26. Sugiyono. (2019). Quantitative, Qualitative, and R&D Research Methods (D. I. Sutopo, S.Pd (ed.)). Alphabet, CV | Hotline: 081.1213.9484 Jl. Gegerkalong Hilir No. 84 Bandung Tel. (022) 200 8822 Fax. (022) 2020373 Email: Alfabetabdg@Yahoo.Co.Id.
  27. Tsakila, N. F., Wirahadi, M. A., Fadilah, A. A., & Simanjuntak, H. (2024). Analysis of the impact of fintech on banking performance and innovation in the digital economy era. Indonesian Journal Of Law And Justice, 1(4), 11. Https://Doi.Org/10.47134/Ijlj.V1i4.2787
  28. Utami, R. F. A. (2023). The Influence of Financial Literacy, Access to Capital, Motivation, Interest in Using E-Commerce, and Financial Inclusion on the Performance of SME in Tegal City (Empirical Study on SME in Tegal City). 1–100. Http://Repository.Unissula.Ac.Id/Id/Eprint/31783%0ahttp://Repository.Unissula.Ac.Id/31783/1/Akuntansi_31401900006_Fullpdf.Pd f
  29. Wicaksono, A., & Anwar, C. (2023). Analysis Of Cost Of Goods Sold Calculation In SME Pahala Geprek & Chicken. International Journal Of Global Accounting, Management, Education, And Entrepreneurship, 4(1), 124–128.
  30. Wismanjaya, K. A., & Werastuti, D. N. S. (2022). The Influence of Financial Literacy, Access to Capital, Motivation, and Interest in Using E-Commerce on the Performance of SME in Buleleng Regency. Scientific Journal of Accounting and Humanities, 12(1), 1–12.
  31. Wulan Sari, R., & Widodo, S. (2022). The Influence of Financial Literacy, Human Capital, and Financial Technology on the Performance of SME in Sleman Regency. Journal of Economics and Business, 11(2), 411–417.
  32. Yuliani, R. G., Norisanti, N., & Danial, M. D. R. (2024). The Influence Of Financial Technology And Access To Capital On The Performance Of SME In The City Of Sukabumi. Costing: Journal Of Economic, Business And Accounting, 7(3), 5487–5501.
  33. Yunita Leatemia, S., Febiengry Sitanala, T., Anita Batkunde, A., & Christi Gainau, P. (2023). The Influence of Financial Technology on Micro, Small, and Medium Enterprises (SME) Performance. Investment and Sharia (Equity), 5(1), 280. Https://Doi.Org/10.47065/Ekuitas.V5i1.3778
  34. Zanaria, Y. (2021). The Effect of Fintech Understanding and Financial Inclusion on the Productivity of SME in Bandar Lampung City. The 4th Febenefecium: Business And Economics Conference On Utilizing Modern Technology, 4, 82–96. Http://Eprints.Ummetro.Ac.Id/579/