Pengaruh Literasi Keuangan dan Digital Payment Terhadap Kinerja UMKM Kota Tomohon
Keywords:
Financial Literacy, Digital Payment, MSME Performance.Abstract
This study aims to analyze the effect of financial literacy and digital payment on the performance of Micro, Small and Medium Enterprises (MSMEs) in Tomohon City. Using a quantitative approach with the type of explanatory research, this study involved respondents of MSME actors who were taken through proportional stratified random sampling techniques. Data analysis was conducted using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS) with SmartPLS software version 4.0. The results showed that financial literacy has a positive and significant effect on MSME performance, indicating that increasing the understanding and ability of MSME actors in managing the financial aspects of the business is a crucial factor in improving business performance. MSME players with good financial literacy show superior ability to manage cash flow, conduct strategic business planning, and make the right investment decisions. In contrast, digital payment does not show a significant effect on MSME performance, although the direction of the relationship shows a positive trend. The findings provide important implications that financial literacy improvement programs need to be prioritized in the development of MSMEs, while the adoption of digital payment technology requires a more holistic approach by considering supporting factors such as technological infrastructure, digital literacy, and local market characteristics.References
Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. In Journal of Management (Vol. 17, Issue 1, pp. 99–120). https://doi.org/10.1177/014920639101700108
BPS Sulawesi Utara. (2024). Jumlah Usaha Industri Mikro dan Kecil (IMK) Menurut Kabupaten/Kota (Unit). BPS Sulawesi Utara. https://sulut.bps.go.id/id/statistics-table/2/MTc5NCMy/jumlah-usaha-industri-mikro-dan-kecil-imk-menurut-kabupaten-kota.html
Dahlberg, T., Mallat, N., Ondrus, J., & Zmijewska, A. (2008). Past, present and future of mobile payments research: A literature review. Electronic Commerce Research and Applications, 7(2), 165–181. https://doi.org/10.1016/j.elerap.2007.02.001
Eniola, A. A., & Entebang, H. (2015). Financial literacy and SME firm performance. International Journal of Research Studies in Management, 5(1). https://doi.org/10.5861/ijrsm.2015.1304
Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2014). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). SAGE. https://books.google.co.id/books?hl=id&lr=&id=IFiarYXE1PoC&oi=fnd&pg=PR1&dq=A+primer+on+partial+least+squares+structural+equation+modeling+(PLS-SEM)&ots=phMBA01m-M&sig=NaoWU2ud6onfjaXiEKWGfzxx-AU&redir_esc=y#v=onepage&q=A primer on partial least squares s
KADIN Indonesia. (2023). Data dan Statistik UMKM Indonesia. Kamar Dagang Dan Industri Indonesia. https://kadin.id/en/data-dan-statistik/umkm-indonesia/
Kaplan, & Norton, D. P. (1992). The Balanced Scorecard--Measures That Drive Performance: University of Warwick eResources. Harvard Business Review, 70(1), 71–79. http://0-eds.a.ebscohost.com.pugwash.lib.warwick.ac.uk/eds/detail/detail?sid=0f785db4-0357-4bb7-a82d-14f974176c3d%40sessionmgr4009&vid=0&hid=4202&bdata=JnNpdGU9ZWRzLWxpdmU%3D#db=bth&AN=9205181862
Lusardi, A., & Mitchell, O. S. (2013). The economic importance of financial literacy. Journal of Economic Literature, 52(1), 65.
Mawuntu, P. S. T., & Aotama, R. C. (2023). Analisis Faktor Penghambat Pertumbuhan UMKM Kota Tomohon di Era New Normal. Jurnal Ekobistek, 12(1), 466–472. https://doi.org/10.35134/ekobistek.v12i1.409
Ozturk, A. B., Bilgihan, A., Nusair, K., & Okumus, F. (2016). What keeps the mobile hotel booking users loyal? Investigating the roles of self-efficacy, compatibility, perceived ease of use, and perceived convenience. International Journal of Information Management, 36(6), 1350–1359. https://doi.org/10.1016/j.ijinfomgt.2016.04.005
Putri Aulia, Yusti Rahayu Handa, Novi Dalianti, & Wafiq Asisa. (2022). Pengaruh Pemahaman Literasi Keuangan dan Kemudahan Digital Payment Terhadap Kinerja UMKM di Kota Makassar Protect and Secure Your WiFi : https://bit.ly/vpn_secure. Jurnal Dinamika, 3(1), 23–50. https://jurnal.iainsalatiga.ac.id/index.php/dinamika/article/view/91/45#
Ratih Waseso. (2020). Literasi Keuangan Digital di Indonesia Baru 35,5%. Kontan.Co.Id. https://nasional.kontan.co.id/news/literasi-keuangan-digital-di-indonesia-baru-355
Remund, D. L. (2010). Financial literacy explicated: The case for a clearer definition in an increasingly complex economy. Journal of Consumer Affairs, 44(2), 276–295. https://doi.org/10.1111/j.1745-6606.2010.01169.x
Soehandoko, J. G. (2023). Bank Indonesia Ungkap 4 Masalah dan Tantangan UMKM Indonesia. Bisnis.Com. https://ekonomi.bisnis.com/read/20230829/9/1689447/bank-indonesia-ungkap-4-masalah-dan-tantangan-umkm-indonesia
Syamsul, Z. nur, Rayyani, O. W., & Amin, A. R. S. (2024). Pengaruh Literasi Keuangan Dan Kemudahan Penggunaan Terhadap Keputusan Menggunakan Sistem Transaksi Digital Qris Pada Umkm Di Kabupaten Pinrang. IJMA (Indonesian Journal of Management and Accounting), 5(2), 303–311.
Tangen, S. (2004). Performance measurement: From philosophy to practice. International Journal of Productivity and Performance Management, 53(8), 726–737. https://doi.org/10.1108/17410400410569134
Wernerfelt, B. (1984). The RBV of the Firm. In Strategic Management Journal (Vol. 5, Issue 2, pp. 171–180). https://www.jstor.org/stable/2486175
Wise, S. (2013). The Impact of Financial Literacy on New Venture Survival. International Journal of Business and Management, 8(23), 30–39. https://doi.org/10.5539/ijbm.v8n23p30
