Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
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This Author published in this journals
All Journal Journal of Economics, Entrepreneurship, Management Business and Accounting Journal of Economic Education and Entrepreneurship Studies
Esli Silalahi
Universitas Katolik Santo Thomas, Indonesia
Economics, Econometrics & Finance Other

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Decoding Financial Sustainability in Microfinance: The Interplay of Financial Literacy and Leadership Trust Esli Silalahi; Kornel Munthe; Miska Irani Tarigan; Riko Fridolend Sianturi
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 5 (2026): Volume 4, Issue 5, September 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i5.1553

Abstract

Purpose – This study empirically decodes the micro-level structural drivers determining the long-term financial sustainability of grassroots microfinance institutions, specifically savings and loan cooperatives in the North Sumatra region of Indonesia by uncoupling the dimensions of financial literacy. Design/methodology/approach – Utilizing a quantitative cross-sectional survey, data was collected from 276 active cooperative members. The hypothesized causal-predictive relationships were analyzed using Variance-Based Partial Least Squares Structural Equation Modeling (PLS-SEM). Finding/Results – Applied financial skills directly and significantly drive institutional sustainability. Financial knowledge indirectly enhances sustainability through the mediation of calculus-based institutional trust. Conversely, traditional financial culture fails to exert any significant direct or indirect effect on sustainability. Originality/Value – This research challenges the conventional reliance on informal social capital in microfinance. By evaluating individual financial literacy (knowledge and skills) alongside the environmental context of localized financial culture. The findings suggest that technical human capital (applied skills) and cognitively validated trust—rather than communal culture alone—serve as critical foundational components for grassroots financial resilience within the tested model.
Entrepreneurial Orientation, Marketing Capacity, and Business Performance of Homestays in Priority Destinations: The Mediating Role of Sustainable Competitive Advantage Riko Fridolend Sianturi; Esli Silalahi; Betniar Purba
Journal of Economic Education and Entrepreneurship Studies Vol. 7 No. 3 (2026)
Publisher : Department of Economics Education, Faculty of Economics, Universitas Negeri Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62794/je3s.v7i3.250

Abstract

This study investigates the direct and indirect determinants of homestay business performance, specifically examining the interrelationships among entrepreneurial orientation, tourist village marketing capacity, sustainable competitive advantage, and overall business performance. Utilizing a quantitative approach with a descriptive statistical design, data were collected from a sample of 192 homestay owners in the tourist villages surrounding Lake Toba through quota sampling. The data were analyzed using Structural Equation Modeling (SEM) via SmartPLS software. The empirical results demonstrate that entrepreneurial orientation and local marketing capacity significantly and directly enhance immediate homestay business performance. However, sustainable competitive advantage (SCA) exhibited a negative relationship with immediate business performance. This indicates a competitive mediation and an investment trade-off dynamic; short-term performance metrics may initially decline as homestay owners prioritize long-term sustainable advantages over aggressive short-term sales. Furthermore, cultural values did not significantly moderate the relationships between the independent variables and business performance. While entrepreneurial orientation and local marketing capacity remain the predominant direct drivers of operational success, building sustainable competitive advantage requires strategic long-term investments that may temporarily dampen immediate financial gains. Policymakers and local stakeholders should focus on providing practical marketing skills and structural business support to foster resilient rural tourism ecosystems.
Co-Authors Kornel Munthe Purba, Betniar Riko Fridolend Sianturi Tarigan, Miska Irani