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All Journal Jurnal Ilmu Manajemen Jurnal Maneksi (Management Ekonomi Dan Akuntansi) Jurnal Akuntansi Akrab Juara : Jurnal Ilmu-ilmu Sosial Transekonomika : Akuntansi, Bisnis dan Keuangan Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside Journal Of Human And Education (JAHE) Jurnal Ilmu Manajemen Jurnal Akuntansi Manado (JAIM) Alamtana
Subroto, Melvin Rahma Sayuga
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Agriculture, Biological Sciences & Forestry Humanities Biochemistry, Genetics & Molecular Biology Chemistry Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Social Sciences Other

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THE ROLE OF INNOVATION IN ENHANCING FINANCIAL PERFORMANCE IN YOGYAKARTA'S CREATIVE INDUSTRY Kuncoro, Andreas Mahendro; Subroto, Melvin Rahma Sayuga; Ohara, Eric
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 4 No. 5 (2024): September 2024
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v4i5.738

Abstract

This study explores the impact of various types of innovation—organizational, process, product, and business model innovations—on the financial performance of firms in Yogyakarta's creative industry. The research employs Partial Least Squares Structural Equation Modeling (PLS-SEM) to analyze data collected from 57 creative industry firms. The findings indicate that organizational innovation significantly enhances process and business model innovations, which in turn positively affect financial performance. However, the direct impact of organizational innovation on product innovation is not significant, suggesting the need for a more integrated approach to foster product development. The study highlights the essential of innovative practices and adaptive business models in driving financial success in the creative industry. These insights are crucial for managers and policymakers aiming to boost the financial performance of creative firms through strategic innovation.
Co-Authors Fadmi Rina Herlinawati, Erica Irawan, Panji Kuncoro, Andreas M Lorista, Firshona M.Acc, Zulfatun Ruscitasari S.E. Nugraha, Budi Sutiono Pratama Nurcahyanti, Febriani Wahyusari Ohara, Eric Rizkiyah, Ainun Seto, Bayu Zulfatun Ruscitasari