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FINANCIAL RESILIENCE MEDIATING FINANCIAL CAPABILITY AND BUSINESS SUSTAINABILITY AMONG FISHERY PRODUCT PROCESSING ENTERPRISES IN MADURA Salsabila Avrillia; Prasetyo Nugroho; Aprilina Susandini
Jurnal Akuntansi, Keuangan, Perpajakan dan Tata Kelola Perusahaan Vol. 4 No. 1 (2026): September
Publisher : Yayasan Nuraini Ibrahim Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70248/jakpt.v4i1.4739

Abstract

Fishery product processing enterprises in coastal Madura face resource constraints, fluctuating cash flows, and financial pressures that may threaten long-term business sustainability. This study examines the effect of Financial Capability on Business Sustainability through the mediating role of Financial Resilience among fishery product processing enterprises in Madura. A quantitative cross-sectional design was employed using data from 70 business operators selected through purposive sampling in Pamekasan and Sumenep Regencies, analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The results show that Financial Capability positively affects both Financial Resilience and Business Sustainability, and that Financial Resilience significantly mediates the relationship between them (β = 0.233; p = 0.038), indicating complementary partial mediation and demonstrating that Financial Capability strengthens Business Sustainability both directly and by enhancing enterprises’ capacity to withstand and recover from financial pressures. This study contributes to the literature by positioning Financial Resilience as a mechanism linking Financial Capability to multidimensional Business Sustainability in the relatively underexplored context of fishery product processing enterprises in coastal Madura.
BUSINESS SUSTAINABILITY MODEL: THE MEDIATING ROLE OF FINANCIAL RESILIENCE AND DYNAMIC CAPABILITIES IN MADURA FISH PROCESSING UNITS Mila Rafel Lina; Prasetyo Nugroho; Aprilina Susandini
Journal of Management and Innovation Entrepreneurship (JMIE) Vol. 4 No. 1 (2026): October
Publisher : Yayasan Nuraini Ibrahim Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70248/jmie.v4i1.4747

Abstract

The fishery product processing sector on Madura Island faces operational vulnerabilities due to maritime climate anomalies, fluctuations in fishermen's catch supply, and surge in raw material price volatility. This study aims to test and analyze the influence of dynamic capabilities on business sustainability with financial resilience as a mediating variable in fishery product processing business units on Madura Island. This study uses an explanatory quantitative approach to 70 respondents who are leaders and managers of business units in Sumenep Regency and Pamekasan Regency who were selected through purposive and snowball sampling techniques. Primary data was collected using a 5-point Likert scale structured questionnaire and analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with SmartPLS 4.1 software. Outer model evaluations confirmed indicator reliability, convergent validity (AVE > 0.50), and discriminant validity across constructs. The results of the structural model evaluation prove that dynamic capabilities have a positive and significant effect on financial resilience (= 0.723;  = 8.928; = 0.000) and business sustainability (= 0.572; = 4.669; = 0.000). On the other hand, financial resilience has a positive and insignificant effect on business sustainability (= 0.193; = 0.152) and does not mediate the relationship between dynamic capabilities and business sustainability (= 0.139; = 0.166). These findings confirm the occurrence of the phenomenon of direct effect dominance, where business continuity is more directly determined by the agility of product diversification innovation, adaptation of post-harvest processing methods, and supply chain loyalty with local fishers rather than the accumulation of liquidity cash reserves alone. This study recommends that business units prioritize upgrading the quality of value-added products and urges local governments to develop mentoring programs focusing on operational inn
Pengaruh Financial Resilience, Digital Financial Ecosystem dan Financial Capability Terhadap Keberlanjutan UMKM Arista Maulida Roziana Putri; Vidi Hadyarti; Aprilina Susandini
Community Engagement and Emergence Journal (CEEJ) Vol. 6 No. 6 (2025): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v6i6.9671

Abstract

Penelitian ini mempunyai tujuan guna menganalisis pengaruh Ketahanan Finansial, Ekosistem Keuangan Digital, dan Kemampuan Keuangan terhadap keberlanjutan UMKM. Populasi pada penelitian ini ialah pelaku UMKM, dengan total responden sebanyak 160 individu. Teknik pengambilan sampel menggunakan metode Non-Probability Sampling. Pendekatan penelitian yang dipergunakan adalah deskriptif kuantitatif, serta analisis data diterapkan dengan memakai aplikasi SmartPLS versi 4. Hasil penelitian memperlihatkan jika Ketahanan Finansial berpengaruh positif dan signifikan terhadap keberlanjutan UMKM. Ekosistem Keuangan Digital juga berpengaruh positif dan signifikan terhadap keberlanjutan UMKM. Selain itu, Kemampuan Keuangan berpengaruh positif dan signifikan terhadap keberlanjutan UMKM. Berdasarkan hasil penelitian, ditemukan jika Ketahanan Finansial, Ekosistem Keuangan Digital, dan Kemampuan Keuangan secara simultan berpengaruh terhadap keberlanjutan UMKM.
Pengaruh Financial Planning, Financial Capibility, dan Self-Efficacy Terhadap Keberlanjutan UMKM Diyana Syafitri; Vidi Hadyarti; Aprilina Susandini
Community Engagement and Emergence Journal (CEEJ) Vol. 6 No. 6 (2025): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v6i6.9673

Abstract

Tujuan utama dari penelitian ini adalah menganalisis pengaruh Financial Planning, Financial Capability, dan Self-efficacy terhadap Keberlanjutan Usaha Mikro, Kecil, dan Menengah (UMKM) di Kabupaten Pamekasan. UMKM mempunyai pengaruh strategis dalam menopang perekonomian daerah, namun keberlanjutan usahanya sering kali dipengaruhi oleh faktor internal seperti kemampuan dalam mengelola keuangan dan keyakinan diri pelaku usaha. Pada penelitian ini digunakan pendekatan kuantitatif melalui metode survei deskriptif. Sampel penelitian berjumlah 160 pelaku UMKM yang ditentukan menggunakan teknik purposive sampling berdasarkan kriteria yang telah ditetapkan. Data didapatkan melalui penyebaran kuesioner selanjutnya dianalisis dengan metode Structural Equation Modeling–Partial Least Square (SEM-PLS) menggunakan perangkat lunak SmartPLS 4. Hasil dari penelitian menyatakan bahwa ketiga variabel independen Financial Planning, Financial Capability, dan Self-efficacy dapat berpengaruh positif dan signifikan terhadap Keberlanjutan UMKM. Angka R-square sebesar 0,576 menanadakan model penelitian ini mampu menerangkan 57,6% variasi dalam keberlanjutan UMKM. Hal tersebut mengindikasikan bahwa semakin baik perencanaan dan kemampuan keuangan pelaku UMKM miliki serta semakin tinggi keyakinan diri mereka dalam mengelola usaha, maka usaha tersebut mendapatkan kesempatan lebih besar guna bertahan dan berkembang. Penelitian ini menegaskan pentingnya sinergi antara aspek manajerial, finansial, dan psikologis dalam mewujudkan keberlanjutan usaha UMKM di tengah dinamika ekonomi yang kompetitif.