Improving the quality of financial statements and the survival of MSMEs through digital economy: The case of Indonesia and Malaysia
This research aims to assess how much the digital economy influences the quality of financial statements and the survival of MSMEs in Indonesia and Malaysia. This research used an analysis unit of 201 MSMEs registered in the Indonesian Chamber of Commerce and Industry and a literature review on the...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
IEECA
2023-09-01
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| Series: | Journal of Eastern European and Central Asian Research |
| Subjects: | |
| Online Access: | https://www.ieeca.org/journal/index.php/JEECAR/article/view/1435 |
| _version_ | 1797715567858155520 |
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| author | Adeh Ratna Komala Dony Waluya Firdaus |
| author_facet | Adeh Ratna Komala Dony Waluya Firdaus |
| author_sort | Adeh Ratna Komala |
| collection | DOAJ |
| description | This research aims to assess how much the digital economy influences the quality of financial statements and the survival of MSMEs in Indonesia and Malaysia. This research used an analysis unit of 201 MSMEs registered in the Indonesian Chamber of Commerce and Industry and a literature review on the digital economy of MSMEs in Malaysia. The analytical approach was then utilized to examine validity, reliability, classical assumptions, analysis path, and hypothesis testing using the t-test in SPSS version 23.0. The results of hypothesis testing in this research show that the digital economy affects the quality of financial statements and has a unidirectional relationship with strong categories. These findings suggest that the digitalization of the economy is critical for MSMEs because it lowers operational costs and exposes them to a broader range of potential customers. Like Indonesia, Malaysia is also concerned about MSMEs' business sustainability, which inspired them to achieve the goal of making Malaysia the center of economic digitalization. This goal would involve technological advances, indicating that MSMEs in Indonesia and Malaysia can improve their financial gain through digital transformation.
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| first_indexed | 2024-03-12T08:08:41Z |
| format | Article |
| id | doaj.art-43fd9adc71b44ef280902626bb96691b |
| institution | Directory Open Access Journal |
| issn | 2328-8272 2328-8280 |
| language | English |
| last_indexed | 2024-03-12T08:08:41Z |
| publishDate | 2023-09-01 |
| publisher | IEECA |
| record_format | Article |
| series | Journal of Eastern European and Central Asian Research |
| spelling | doaj.art-43fd9adc71b44ef280902626bb96691b2023-09-02T19:13:42ZengIEECAJournal of Eastern European and Central Asian Research2328-82722328-82802023-09-0110510.15549/jeecar.v10i5.1435Improving the quality of financial statements and the survival of MSMEs through digital economy: The case of Indonesia and MalaysiaAdeh Ratna Komala0https://orcid.org/0000-0003-1926-1780Dony Waluya Firdaus1https://orcid.org/0000-0002-8552-0026Department of Accounting, Universitas Komputer Indonesia, BandungDepartment of Computerized Accounting, Universitas Komputer Indonesia, BandungThis research aims to assess how much the digital economy influences the quality of financial statements and the survival of MSMEs in Indonesia and Malaysia. This research used an analysis unit of 201 MSMEs registered in the Indonesian Chamber of Commerce and Industry and a literature review on the digital economy of MSMEs in Malaysia. The analytical approach was then utilized to examine validity, reliability, classical assumptions, analysis path, and hypothesis testing using the t-test in SPSS version 23.0. The results of hypothesis testing in this research show that the digital economy affects the quality of financial statements and has a unidirectional relationship with strong categories. These findings suggest that the digitalization of the economy is critical for MSMEs because it lowers operational costs and exposes them to a broader range of potential customers. Like Indonesia, Malaysia is also concerned about MSMEs' business sustainability, which inspired them to achieve the goal of making Malaysia the center of economic digitalization. This goal would involve technological advances, indicating that MSMEs in Indonesia and Malaysia can improve their financial gain through digital transformation. https://www.ieeca.org/journal/index.php/JEECAR/article/view/1435Digital economyquality of financial statementsMSMEs |
| spellingShingle | Adeh Ratna Komala Dony Waluya Firdaus Improving the quality of financial statements and the survival of MSMEs through digital economy: The case of Indonesia and Malaysia Journal of Eastern European and Central Asian Research Digital economy quality of financial statements MSMEs |
| title | Improving the quality of financial statements and the survival of MSMEs through digital economy: The case of Indonesia and Malaysia |
| title_full | Improving the quality of financial statements and the survival of MSMEs through digital economy: The case of Indonesia and Malaysia |
| title_fullStr | Improving the quality of financial statements and the survival of MSMEs through digital economy: The case of Indonesia and Malaysia |
| title_full_unstemmed | Improving the quality of financial statements and the survival of MSMEs through digital economy: The case of Indonesia and Malaysia |
| title_short | Improving the quality of financial statements and the survival of MSMEs through digital economy: The case of Indonesia and Malaysia |
| title_sort | improving the quality of financial statements and the survival of msmes through digital economy the case of indonesia and malaysia |
| topic | Digital economy quality of financial statements MSMEs |
| url | https://www.ieeca.org/journal/index.php/JEECAR/article/view/1435 |
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