Proceedings of Malikussaleh International Conference on Multidisciplinary Studies (MICoMS)
Vol. 4 (2024): Proceedings of Malikussaleh International Conference on Multidisciplinary Studies (MI

Determination of Financial Literacy, Business Strategy and Innovation on Financial Performance of Small and Medium Enterprises (SMEs) Palm Oil Sector in North Aceh Regency

Muhammad Haykal (Malikussaleh University)
Muhammad Nazaruddin (Malikussaleh University)
Deassy Siska (Malikussaleh University)



Article Info

Publish Date
07 Jan 2025

Abstract

This study aims to see how financial literacy, business strategy and business innovation affect financial performance in SMEs entrepreneurs in the palm oil sector in North Aceh district. In this study, using the Structural Equation Modeling (SEM) Analysis Moment of Structural (AMOS) equation model using path analysis, to analyze the pattern of relationships between variables with the aim of determining the direct and indirect influence of a set of independent variables (exogenous) on the dependent variable (endogenous). This study found that financial literacy, business strategy have a positive and significant effect on financial performance, while business innovation does not affect financial performance in entrepreneurs. Guidance for entrepreneurs in this business sector must be improved so that business entreprenuer can continue to improve business innovation by providing training, especially regarding innovation in the development of business information technology.

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Journal Info

Abbrev

micoms

Publisher

Subject

Engineering Environmental Science Physics

Description

The proceedings compile a wide range of research papers presented during the conference, showcasing the commitment of the academic and professional community to exploring innovations in polymer materials and their eco-friendly applications. Key Topics Discussed: Polymer Materials and Sustainable ...