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The influence of the use of digital technology, market orientation, and entrepreneurial competence on business growth through business adaptability as an intervening variable Ayu Windari; Suhardi Suhardi; Rahmad Firdaus; Nadia Sri Rejeki; Nur Hidayati
Economic: Journal Economic and Business Vol. 5 No. 1 (2026): ECONOMIC: Journal Economic and Business
Publisher : Lembaga Riset Mutiara Akbar (LARISMA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejeb.v5i1.1454

Abstract

This study aims to analyze the influence of digital technology use, market orientation, and entrepreneurial competence on the growth of Micro, Small, and Medium Enterprises (MSMEs) with business adaptability as an intervening variable. The study used a quantitative explanatory approach with data collection through a Likert-scale questionnaire distributed to MSMEs using a purposive sampling technique. Data analysis was conducted using Structural Equation Modeling based on Partial Least Squares (SEM-PLS) to test direct and indirect relationships between variables. The results showed that market orientation and entrepreneurial competence had a positive and significant effect on business adaptability, while the use of digital technology did not show a significant effect. Business adaptability was proven to have a positive and significant effect on MSME business growth. In addition, business adaptability significantly mediated the influence of market orientation and entrepreneurial competence on business growth, but did not mediate the influence of digital technology use. These findings confirm that business adaptability is a key capability in converting internal resources into sustainable business growth. Meanwhile, digital technology only provides optimal impact when strategically integrated and accompanied by the adaptive capabilities of business actors.
Liquidity, capital structure, and firm value effects on profitability: evidence from plantation companies listed on the Indonesian stock exchange Melani Melani; Suhardi Suhardi; Nadia Sri Rejeki
Economic: Journal Economic and Business Vol. 5 No. 2 (2026): ECONOMIC: Journal Economic and Business
Publisher : Lembaga Riset Mutiara Akbar (LARISMA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejeb.v5i2.1592

Abstract

This study aims to analyze the effect of liquidity, capital structure, and firm value on the profitability of plantation companies listed on the Indonesia Stock Exchange for the 2020–2024 period. The study used a quantitative approach with panel data from 24 companies, resulting in 120 observations. The research variables were measured using the Current Ratio (CR), Debt to Equity Ratio (DER), Price to Book Value (PBV), and Return on Assets (ROA). The analysis was conducted using panel data regression using the Chow, Hausman, and Lagrange Multiplier tests. The results showed that liquidity had a positive and significant effect on profitability, demonstrating the importance of working capital management in improving a company's operational efficiency. Capital structure had a negative but insignificant effect on profitability due to high financial risk and interest expenses. Meanwhile, firm value did not have a significant effect on profitability because market perception does not directly reflect the operational performance of plantation companies. This study confirms that liquidity management is a key factor in improving the profitability of plantation companies.
Determinants of culinary MSME sustainability: the role of adaptation strategy in Bangka Belitung Rani Rani; Suhardi Suhardi; Nadia Sri Rejeki
Economic: Journal Economic and Business Vol. 5 No. 2 (2026): ECONOMIC: Journal Economic and Business
Publisher : Lembaga Riset Mutiara Akbar (LARISMA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejeb.v5i2.1606

Abstract

This study aims to analyze the influence of access to financing, consumer trust, and business networks on the sustainability of culinary MSMEs, with adaptation strategies as a mediating variable in the post-pandemic period. This study used a quantitative approach with the Structural Equation Modeling–Partial Least Squares (SEM-PLS) method. Data were collected from culinary MSMEs in Bangka Belitung through a purposive sampling technique. The results showed that access to financing, consumer trust, and business networks significantly influenced adaptation strategies. Furthermore, adaptation strategies were shown to have the strongest and most significant influence on business sustainability and acted as a mediator in the relationship between the independent variables and business sustainability. Meanwhile, access to financing did not have a direct effect on business sustainability. These findings indicate that the sustainability of culinary MSMEs is determined not only by the availability of resources but also by the ability of business actors to adapt business strategies to environmental changes. Therefore, strengthening adaptive capacity is a key factor in increasing the resilience and sustainability of culinary MSMEs.