THE INFLUENCE OF FINANCIAL MANAGEMENT ON THE TURNOVER OF MICRO SMALL AND MEDIUM ENTERPRISES (UMKM)

Akbar Deanova, Institut Teknologi Sumatera, Indonesia
Tongam Simamora, Institut Teknologi Sumatera, Indonesia
Widi Dwi Satria, Institut Teknologi Sumatera, Indonesia

 10.21831/jim.v21i1.73275

Abstract


Effective financial management is crucial for the sustainability of businesses, including micro, small, and medium enterprises (MSMEs). Sound financial management practices can significantly impact the turnover and overall performance of MSMEs. This abstract aims to examine the influence of financial management on the turnover of MSMEs and underscore the importance of sound financial practices for their growth and development. This study adopts a quantitative approach using an Ex Post Facto research design. Data collection is conducted through questionnaires. The pilot test results, administered to a sample of respondents, validate the usability of the instrument for data collection. The research sample comprises MSME owners, selected through random sampling. Prerequisite tests, including normality testing and linearity testing, are conducted. Data analysis employs the Pearson product-moment correlation technique and simple linear regression analysis. The findings reveal a significant relationship between financial management and the turnover of MSMEs, as evidenced by the correlation coefficient. The results indicate a strong correlation between financial management and turnover. The regression analysis demonstrates the percentage of influence of financial management on business turnover. The regression model is found to be suitable for predicting the business turnover variable. Therefore, it can be concluded that financial management significantly influences the turnover of MSMEs..

 


Full Text:

PDF

References


Adiningrat, A. A., & Warda, W. (2023). The Development of Intensity Model on Technopreneurship to Improve Turnover in Micro, Small and Medium Enterprises (MSMEs) Culinary in Makassar, Indonesia. International Journal of Economics Development Research (IJEDR), 4(1), Article 1. https://doi.org/10.37385/ijedr.v4i2.1943

Aminah, S., & Haqi, Z. A. (2023). Pengaruh Literasi dan Sikap Keuangan Terhadap Perilaku Manajemen Keuangan Pada UMKM di Tembalang, Kota Semarang. Serat Acitya, 12(1), Article 1. https://doi.org/10.56444/sa.v12i1.3801

Ariadin, M., & Safitri, T. A. (2021). PERILAKU MANAJEMEN KEUANGAN PADA UMKM SENTRA KERAJINAN KAYU DI KABUPATEN DOMPU. Among Makarti, 14(1), Article 1. https://doi.org/10.52353/ama.v14i1.203

Aynie, R. Q., Hurriyati, R., & Dirgantari, P. D. (2021). Strategi pemasaran electronic word of mouth pada e-commerce dalam menghadapi era digital 4.0 di indonesia. Inovasi : Jurnal Ekonomi, Keuangan, dan Manajemen, 17(1), Article 1. https://doi.org/10.30872/jinv.v17i1.8483

Babajide, A., Osabuohien, E., Tunji-Olayeni, P., Falola, H., Amodu, L., Olokoyo, F., Adegboye, F., & Ehikioya, B. (2023). Financial literacy, financial capabilities, and sustainable business model practice among small business owners in Nigeria. Journal of Sustainable Finance & Investment, 13(4), 1670–1692. https://doi.org/10.1080/20430795.2021.1962663

Dayanti, F. K., Susyanti, J., & Abs, M. K. (2020). Pengaruh Literasi Keuangan, Pengetahuan Keuangan Dan Sikap Keuangan Terhadap Perilaku Manajemen Keuangan Pada Pelaku Usaha UMKM Fashion Di Kabupaten Malang. E-JRM : Elektronik Jurnal Riset Manajemen, 9(13), Article 13. https://jim.unisma.ac.id/index.php/jrm/article/view/8238

Edy, T. I., Yanti, L. D., Aprilyanti, R., & Janamarta, S. (2021). Analysis of the Compliance Level of Micro, Small and Medium Enterprises Taxpayers after the implementation of Government Regulation Number 23 of 2018. eCo-Buss, 3(3), Article 3. https://doi.org/10.32877/eb.v3i3.203

Fathah, R. N., & Widyaningtyas, R. D. (2020). Pelatihan Manajemen Keuangan Bagi Pelaku Usaha Mikro Kecil dan Menengah (UMKM) Di Sekitar UNISA. Prosiding University Research Colloquium, 55–58. https://repository.urecol.org/index.php/proceeding/article/view/892

Fauzi, H. (2020). PELATIHAN MANAJEMEN KEUANGAN BAGI PELAKU UMKM SEBAGAI UPAYA PENGUATAN UMKM JABAR JUARA NAIK KELAS. BERNAS: Jurnal Pengabdian Kepada Masyarakat, 1(3), Article 3. https://doi.org/10.31949/jb.v1i3.324

Handayani, M. A., Amalia, C., & Sari, T. D. R. (2022). Pengaruh Pengetahuan Keuangan, Sikap Keuangan dan Kepribadian Terhadap Perilaku Manajemen Keuangan (Studi Kasus pada Pelaku UMKM Batik di Lampung). EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi Dan Bisnis, 10(2), Article 2. https://doi.org/10.37676/ekombis.v10i2.2262

Jamil, M., Mutmainnah, D., & Azizah, M. (2022). PENDAMPINGAN MANAJEMEN USAHA DAN MANAJEMEN KEUANGAN PADA UMKM BAKUL KEMBANG OFFICIAL KELURAHAN KEDURUS KECAMATAN KARANG PILANG KOTA SURABAYA. Share: Journal of Service Learning, 8(2), Article 2. https://doi.org/10.9744/share.8.2.196-207

Kassa, E. T. (2021). Factors influencing taxpayers to engage in tax evasion: Evidence from Woldia City administration micro, small, and large enterprise taxpayers. Journal of Innovation and Entrepreneurship, 10(1), 8. https://doi.org/10.1186/s13731-020-00142-4

Kusnadi, D. S. U., Dzaky Rizaldi,Eko Novianto Nugroho Hadi,Haryanto Haryanto,Kusnadi. (n.d.). Pelatihan Peningkatan Manajemen Keuangan dan Pembukuan Sederhana | Jurnal Peradaban Masyarakat. Retrieved May 9, 2024, from https://journal-stiehidayatullah.ac.id/index.php/peradaban/article/view/116

Linting, V. A. C. (2021). PENGARUH PENGETAHUAN KEUANGAN, SIKAP KEUANGAN, DAN KEPRIBADIAN TERHADAP PERILAKU MANAJEMEN KEUANGAN PADA PELAKU UMKM KERAJANAN TENUN DI TORAJA [Other, UNIVERSITAS HASANUDDIN]. https://repository.unhas.ac.id/id/eprint/11218/

Maesaroh, S. S., Nuryadin, A., Prasetyo, Y., & Swardana, A. (2021). Pelatihan Manajemen Keuangan Berbasis Digital pada UMKM Kota Tasikmalaya. Jurnal Abmas Negeri (JAGRI), 2(2), Article 2. https://doi.org/10.36590/jagri.v2i2.179

Martinus, Candraningrat, & Wibowo, J. (2021). Efektivitas Strategi Pemasaran Dan Manajemen Keuangan Pada UMKM Roti. DIKEMAS (Jurnal Pengabdian Kepada Masyarakat), 5(1), Article 1. https://journal.pnm.ac.id/index.php/dikemas/article/view/182

Namrud, S. S. (2021). LITERASI DAN MODEL MANAJEMEN KEUANGAN UMKM BERBASIS DIGITAL PADA UMKM-UMKM DI KABUPATEN BOALEMO PROVINSI GORONTALO. JOURNAL OF APPLIED MANAGERIAL ACCOUNTING, 5(2), Article 2. https://doi.org/10.30871/jama.v5i2.3486

Novianti, M., & Salam, A. (2021). PENGARUH PENGETAHUAN KEUANGAN, SIKAP KEUANGAN DAN KEPRIBADIAN TERHADAP PERILAKU MANAJEMEN KEUANGAN PELAKU UMKM DI MOYO HILIR: Indonesia. Jurnal Manajemen Dan Bisnis, 4(2), Article 2. http://www.jurnal.uts.ac.id/index.php/jmb/article/view/1300

Ompusunggu, D. P., & Nanda, M. (2023). Efektifitas Manajemen Keuangan UMKM di Kota Palangka Raya Sebagai Strategi pada Masa New Normal Covid-19. Jurnal Visi Manajemen, 9(2), Article 2. https://doi.org/10.56910/jvm.v9i2.277

Pelatihan Manajemen Keuangan Pada Pelaku UMKM di Desa Bubun Kecamatan Tanjung Pura Kabupaten Langkat | El-Mujtama: Jurnal Pengabdian Masyarakat. (2022). https://journal.laaroiba.ac.id/index.php/elmujtama/article/view/1863

Purba, M., Simanjutak, D., Malau, Y., Sholihat, W., & Ahmadi, E. (2021). The effect of digital marketing and e-commerce on financial performance and business sustaina-bility of MSMEs during COVID-19 pandemic in Indonesia. International Journal of Data and Network Science, 5(3), 275–282. http://m.growingscience.com/beta/ijds/4941-the-effect-of-digital-marketing-and-e-commerce-on-financial-performance-and-business-sustaina-bility-of-msmes-during-covid-19-pandemic-in-indonesia.html

Risman, A., Ali, A. J., Soelton, M., & Siswanti, I. (2022, August 28). The behavioral finance of MSMEs in the advancement of financial inclusion and financial technology (fintech) [MPRA Paper]. https://mpra.ub.uni-muenchen.de/118212/

Ristati, R., Zulham, Z., & Sutriani, S. (2022). Pengaruh pengetahuan keuangan, sikap keuangan dan kepribadian terhadap perilaku manajemen keuangan pada UMKM kopi di Provinsi Aceh. Kinerja : Jurnal Ekonomi dan Manajemen, 19(3), Article 3. https://doi.org/10.30872/jkin.v19i3.11524

Rohwer, D. (2022). Designing Ex Post Facto and Experimental Studies. In Inquiry in Music Education (2nd ed.). Routledge.

Rozi, F., Amalia, M. M., Nurhayati, N., Rangkuti, S., & Wahyuni, D. (2022). Pelatihan Penyusunan Laporan Keuangan dan Manajemen Keuangan UMKM dalam Upaya Pengembangan Usaha. COMSEP: Jurnal Pengabdian Kepada Masyarakat, 3(1), Article 1. https://doi.org/10.54951/comsep.v3i1.235

Ruscitasari, Z., Nurcahyanti, F. W., & Nasrulloh, R. S. (2022). ANALISIS PRAKTIK MANAJEMEN KEUANGAN UMKM DI KABUPATEN BANTUL. NUSANTARA : Jurnal Ilmu Pengetahuan Sosial, 9(4), Article 4. https://doi.org/10.31604/jips.v9i4.2022.1375-1382

Yuniarti, A., Jamaluddin, A., Faisal -, & Nurwana, A. (2022). PELATIHAN MANAJEMEN KEUANGAN UNTUK MENINGKATKAN KAPASITAS PELAKU UMKM DI KELURAHAN PADDUPPA KECAMATAN TEMPE KABUPATEN WAJO. Arunika: Jurnal Pengabdian Masyarakat, 1(1), Article 1. https://ojs.stie-tdn.ac.id/index.php/Ar/article/view/274




DOI: https://doi.org/10.21831/jim.v21i1.73275

Refbacks

  • There are currently no refbacks.


Journal Indexed by:

        

 

Journal Counter :

Flag Counter

View My Stats

 

 

This work is licensed under a Creative Commons Attribution 4.0 International License