Apollo: Journal of Tourism and Business
Vol. 3 No. 1 (2025): January 2025

The Influence of Self-Efficacy, Social Media, and Financial Literacy on The MSMEs Performance in Cirebon City

Mubarokah, Ummi (Unknown)
Refanza Ginting, Marchielo (Unknown)
Mulyatno, Roni (Unknown)



Article Info

Publish Date
21 Jul 2025

Abstract

MSMEs sector become the most dominant sector in Indonesian economic structure due to its contribution to Gross Domestic Product (GDP). Currently, MSMEs often experience difficulties in adapting to technology, inability to manage finances, and low self-confidence in managing a business. This research aims to determine the extent of self-efficacy, social media, and financial literacy can influence the MSMEs performance. The population in this study is micro, small, and medium enterprises (MSMEs) are located in Cirebon City. Purposive sampling is a technique used to calculate the minimum sample that can be processed using the Slovinā€˜s formula. This is a quantitative research study using primary data of 100 samples. The data is analyzed through multiple linear regression, along with f-test, t-test, and the coefficient of determination (R2). The result of the research show that social media and financial literacy have a significant effect on the MSMEs performance, while self-efficacy does not affect the MSMEs performance. The findings is expected to contribute to MSME actors to focus more on enhancing their digital and financial capacities to encourage business growth.

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Journal Info

Abbrev

apollo

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Apollo: Journal of Tourism and Business, a premier peer-reviewed academic journal dedicated to the advancement of knowledge and research in the field of tourism and business. Our journal is committed to publishing high-quality, original research that explores the complex and dynamic relationship ...