Contemporary Studies in Economic, Finance and Banking (CSEFB)
Vol. 5 No. 3 (2026)

Determinants of MSME Revenues Based on Legality and Training: A Comparative Study in 2024

Oktabella, Nyssa Puri (Unknown)
Wildan, Syafitri (Unknown)



Article Info

Publish Date
03 Sep 2026

Abstract

Revenues disparities among micro, small, and medium enterprises (MSMEs) across regions indicate that a large number of business units does not necessarily lead to equal economic performance, highlighting the need to identify contextual determinants of MSME revenues. This study aims to examine the relationship between business legality and entrepreneurship training with MSME revenues and to compare these relationships across Surabaya City, Banyuwangi Regency, and Pacitan Regency. A quantitative approach was employed using cross-sectional data from the August 2024 National Labor Force Survey (Sakernas). After data cleaning, 1,702 MSMEs were analyzed using Ordinary Least Squares (OLS) multiple linear regression with a split-sample regression approach. The results show that business legality has a positive and significant relationship with MSME revenues in all regions, whereas entrepreneurship training is significant only in Pacitan Regency. The number of workers and working hours consistently show positive relationships, while the effects of e-commerce vary across regions and bookkeeping is negatively associated with revenues. These findings imply that MSME development policies should strengthen business formalization, provide region-specific training, promote digitalization, and improve managerial assistance within the national MSME development framework.

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Journal Info

Abbrev

csefb

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Publish all forms of quantitative and qualitative research articles as well as other scientific studies related to the fields of Economics, Finance, and ...