Agregat: Jurnal Ekonomi dan Bisnis
Vol. 8 No. 2 (2024)

Indonesian SMES and Global Market Penetration: The Effects of Human Capital Investment, Government Role, and Technological Progress

Ali, Ali Mumdin (Unknown)
AM Soma (Unknown)
Ramayuli (Unknown)



Article Info

Publish Date
05 Oct 2024

Abstract

MSMEs play a significant role in supporting the country's economy as they account for 60.5% of GDP. MSMEs confront a number of difficulties related to financing, supply, and market demand that need to be given more consideration in order to support their entry into the global market. The purpose of this study is to examine how government involvement, technology advancement, human capital investment, and entrepreneurial orientation affect MSMEs (micro, small, and medium-sized firms) in Indonesia and their internationalization strategies. This study uses a quantitative approach with data collection techniques using a Likert scale questionnaire. Then descriptive analysis and Partial Least Squares (PLS) are used to analyze the data. The study's findings show that technical change significantly affects MSMEs' internationalization strategies; in contrast, entrepreneurial orientation, investments in human capital, and the role of the government are not as significant in this regard. However, this research offers stakeholders improved guidance for bolstering MSMEs' success and expansion in global markets, as well as for widening the gap in the global MSME market to promote Indonesia's sustainable economic growth.

Copyrights © 2024






Journal Info

Abbrev

agregat

Publisher

Subject

Economics, Econometrics & Finance

Description

Agregat: Jurnal Ekonomi dan Bisnis (Journal of Economics and Business) is aimed at being a medium for research results dissemination and scientific paper exchanges on the Indonesian economy and business among academics, practitioners, regulators, and public. Agregat: Jurnal Ekonomi dan Bisnis ...