Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA)
Vol. 5 No. 2 (2026): October

THE INFLUENCE OF PRODUCT INNOVATION, BUSINESS EXPERIENCE, AND RISK-TAKING PROPENSITY ON THE BUSINESS PERFORMANCE OF CULINARY MSMES IN LHOKSEUMAWE CITY

Sara Moulida (Universitas Malikussaleh)
Miftahul Jannah (Universitas Malikussaleh)
Munandar (Universitas Malikussaleh)
Agustinawati (Universitas Malikussaleh)



Article Info

Publish Date
23 Sep 2026

Abstract

This study aims to analyze the influence of product innovation, business experience, and risk-taking propensity on the performance of culinary MSMEs in Lhokseumawe City. A quantitative approach was employed, utilizing a population of 1,650 MSMEs and a sample of 95 MSME owners selected through purposive sampling. Data were analyzed using multiple linear regression with the aid of SPSS. The results indicate that product innovation does not have a significant effect on business performance, whereas business experience and risk-taking propensity have a positive and significant impact. Collectively, the three variables explain 40.1% of the variation in business performance, while the remaining 59.9% is influenced by factors outside the model. These findings demonstrate that experience and risk-taking propensity are crucial factors in enhancing the performance of culinary MSMEs in Lhokseumawe City.

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Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA) provides a forum for academics and professionals to share the latest developments and advances in knowledge and practice of business management, both theory and methods. It aims to foster the exchange of ideas on a range of ...