Journal of Economics, Entrepreneurship, Management Business and Accounting
Vol 4 No 6 (2026): Volume 4, Issue 6, November 2026

Digital Finance and Halal-Practice Orientation for MSME Sustainability Awareness: The Moderating Role of Technological Capability

Muhammad Kausar Maulana (Universitas Krisnadwipayana, Indonesia)
Arief Syah Safrianto (Universitas Krisnadwipayana, Indonesia)
Hery Wihasnanto (Universitas Krisnadwipayana, Indonesia)



Article Info

Publish Date
05 Nov 2026

Abstract

Purpose – This study examines the associations of digital finance and self-reported halal-practice orientation with sustainability awareness among culinary micro, small, and medium-sized enterprises (MSMEs) in Bekasi City. It also investigates whether technological capability conditions these associations. Design/methodology/approach – A cross-sectional questionnaire was administered to 200 eligible respondents involved in decisions at culinary MSMEs. Covariance-based structural equation modeling was reported using AMOS. The study assesses perceived financial-service use, halal implementation and orientation, technological capability/readiness, and sustainability awareness; moderation estimates require verification against a hierarchical specification that includes the technological-capability main effect. Findings/Results – The archived structural results report a positive association between digital finance and sustainability awareness (estimate = 0.319, p < 0.001) and a nonsignificant association for halal-practice orientation (estimate = 0.109, p = 0.161). Positive interaction coefficients were also reported for digital finance × technological capability (0.260, p < 0.001) and halal-practice orientation × technological capability (0.340, p < 0.001). Their confirmatory interpretation remains provisional because the main effect of technological capability, latent-interaction procedure, and conditional effects were not reported. Originality/Value – The study brings digital finance and halal-practice orientation into a common model of MSME sustainability awareness. It distinguishes respondents’ sustainability perceptions from verified business survival or environmental, financial, and social outcomes, and identifies measurement and model-specification requirements for a more rigorous assessment of conditional associations.

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Journal Info

Abbrev

JEEMBA

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Economics, Entreprenurship, Management Business and Accounting (JEEMBA) mencakup bidang ekonomi dan keuangan, manajemen bisnis dan akuntansi khususnya bidang akuntansi, manajemen, pasar modal, hukum bisnis, perpajakan, sistem informasi, serta bidang ekonomi dan keuangan lainnya. JEEMBA ...