Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal ARMADA : Jurnal Penelitian Multidisiplin
Habbija Vichandra
Universitas Muhammadiyah Pontianak, Indonesia
Religion Aerospace Engineering Agriculture, Biological Sciences & Forestry Arts Humanities Astronomy Automotive Engineering Biochemistry, Genetics & Molecular Biology Chemical Engineering, Chemistry & Bioengineering Chemistry Civil Engineering, Building, Construction & Architecture Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Dentistry Earth & Planetary Sciences Economics, Econometrics & Finance Education Electrical & Electronics Engineering Energy Engineering Environmental Science Health Professions Immunology & microbiology Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Mathematics Mechanical Engineering Medicine & Pharmacology Neuroscience Nursing Physics Public Health Social Sciences Transportation Veterinary Other

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The Role of Financial Literacy In Moderating The Effect of Profitability, Business Growth, and Financial Access on Msme Funding Decisions In The Food And Beverage Sector In Sambas Regency Habbija Vichandra; Heni Safitri; Dedi Hariyanto
ARMADA : Jurnal Penelitian Multidisiplin Vol. 4 No. 9 (2026): ARMADA : Jurnal Penelitian Multidisplin, September 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/armada.v4i9.3970

Abstract

This study aims to analyse the effects of profitability, business growth, financial access, and financial literacy on funding decisions among small-scale food and beverage MSMEs in Sambas Regency, while examining the moderating role of financial literacy. A quantitative associative approach was employed involving 100 MSMEs selected through proportional stratified random sampling. Data were collected using questionnaires and analysed using Partial Least Squares–Structural Equation Modelling (PLS-SEM). The results indicate that profitability and financial literacy have positive and significant effects on funding decisions, whereas financial access has a negative and significant effect. Business growth does not significantly influence funding decisions. Furthermore, financial literacy does not significantly moderate the relationships between profitability, business growth, financial access, and funding decisions. The structural model explains 66.8% of the variance in funding decisions (R² = 0.668). These findings demonstrate that funding decisions among MSMEs are primarily influenced by direct factors, particularly profitability, financial access, and financial literacy. Strengthening financial literacy and improving access to suitable financial services are important to support more informed and effective funding decisions among MSMEs.
Co-Authors Dedi Hariyanto Heni Safitri