Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation
ABSTRACT: Optimal financial performance based on the use of sharia fintech followed by the stability of Small and Medium Enterprises (SMEs) will have an impact on economic growth. This study aims to analyze the financial performance of SMEs from a sharia economic perspective; analyzing the effect of...
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| Format: | Article |
| Language: | English |
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Elsevier
2022-03-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853122010277 |
| _version_ | 1797391888484925440 |
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| author | Firman Menne Batara Surya Muhammad Yusuf Seri Suriani Muhlis Ruslan Iskandar Iskandar |
| author_facet | Firman Menne Batara Surya Muhammad Yusuf Seri Suriani Muhlis Ruslan Iskandar Iskandar |
| author_sort | Firman Menne |
| collection | DOAJ |
| description | ABSTRACT: Optimal financial performance based on the use of sharia fintech followed by the stability of Small and Medium Enterprises (SMEs) will have an impact on economic growth. This study aims to analyze the financial performance of SMEs from a sharia economic perspective; analyzing the effect of using sharia fintech on the financial performance and sustainability of SMEs and strengthening human resource capacity, business diversification, business productivity, and product marketing to improve financial performance and business sustainability of SMEs. The study uses a quantitative survey approach. Data were obtained through questionnaires distributed to 350 respondents in 15 districts in the city of Makassar. The results of the study show that human resource capacity and business diversification affect the financial performance of SMEs by 41.8%. Sharia fintech, human resource capacity, business diversification, business productivity, and financial performance have a positive effect on SME business sustainability with a determination coefficient of 65.9%. This study recommends the management of SME businesses based on the use of sharia fintech in supporting the sustainability of SME businesses in Makassar, Indonesia. |
| first_indexed | 2024-03-08T23:39:13Z |
| format | Article |
| id | doaj.art-f15110656049489d9df87741d113481d |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-08T23:39:13Z |
| publishDate | 2022-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-f15110656049489d9df87741d113481d2023-12-14T05:21:44ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312022-03-018118Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open InnovationFirman Menne0Batara Surya1Muhammad Yusuf2Seri Suriani3Muhlis Ruslan4Iskandar Iskandar5Department of Accounting, Faculty of Economics and Business, University Bosowa, Makassar 90231, Indonesia; Correspondence: (F.M.); (B.S.)Department of Urban and Regional Planning, Faculty of Engineering, University Bosowa, Makassar 90231, Indonesia; Correspondence: (F.M.); (B.S.)Departement of Management, Faculty of Economics and Business, University Bosowa, Makassar 90231, Indonesia; (M.Y.); (M.R.)Department of Financial Management, Faculty of Economics and Business, University Bosowa, Makassar 90231, Indonesia;Departement of Management, Faculty of Economics and Business, University Bosowa, Makassar 90231, Indonesia; (M.Y.); (M.R.)Department of Sociology, Faculty of Social and Political Sciences, University Bosowa, Makassar 90231, Indonesia;ABSTRACT: Optimal financial performance based on the use of sharia fintech followed by the stability of Small and Medium Enterprises (SMEs) will have an impact on economic growth. This study aims to analyze the financial performance of SMEs from a sharia economic perspective; analyzing the effect of using sharia fintech on the financial performance and sustainability of SMEs and strengthening human resource capacity, business diversification, business productivity, and product marketing to improve financial performance and business sustainability of SMEs. The study uses a quantitative survey approach. Data were obtained through questionnaires distributed to 350 respondents in 15 districts in the city of Makassar. The results of the study show that human resource capacity and business diversification affect the financial performance of SMEs by 41.8%. Sharia fintech, human resource capacity, business diversification, business productivity, and financial performance have a positive effect on SME business sustainability with a determination coefficient of 65.9%. This study recommends the management of SME businesses based on the use of sharia fintech in supporting the sustainability of SME businesses in Makassar, Indonesia.http://www.sciencedirect.com/science/article/pii/S2199853122010277financial performancesharia fintechsharia economybusiness sustainabilityopen innovation |
| spellingShingle | Firman Menne Batara Surya Muhammad Yusuf Seri Suriani Muhlis Ruslan Iskandar Iskandar Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation Journal of Open Innovation: Technology, Market and Complexity financial performance sharia fintech sharia economy business sustainability open innovation |
| title | Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation |
| title_full | Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation |
| title_fullStr | Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation |
| title_full_unstemmed | Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation |
| title_short | Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation |
| title_sort | optimizing the financial performance of smes based on sharia economy perspective of economic business sustainability and open innovation |
| topic | financial performance sharia fintech sharia economy business sustainability open innovation |
| url | http://www.sciencedirect.com/science/article/pii/S2199853122010277 |
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