Unlocking Success: Nexus between Entrepreneurial Orientation and Financial Performance in Culinary MSMEs

Usil Sis Sucahyo; Theresia Woro Damayanti; Supramono Supramono

doi:10.14414/jebav.v27i1.4432

Vol. 27 No. 1 (2024), Articles

Vol. 27 No. 1 (2024) Pages 1-13

Unlocking Success: Nexus between Entrepreneurial Orientation and Financial Performance in Culinary MSMEs

Usil Sis Sucahyo⁺⁻
Theresia Woro Damayanti⁺⁻
Supramono Supramono⁺⁻

Usil Sis Sucahyo

Universitas Kristen Satya Wacana, Salatiga, Jawa Tengah, Indonesia

Theresia Woro Damayanti

Universitas Kristen Satya Wacana, Salatiga, Jawa Tengah, Indonesia

Supramono Supramono

Universitas Kristen Satya Wacana, Salatiga, Jawa Tengah, Indonesia

DOI: 10.14414/jebav.v27i1.4432

Published 30-07-2024

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Keywords

Financial performance
Entrpreneurial orentantion
Digital tranformation
Working capital
Culinary business

How to Cite

Sucahyo, U. S., Damayanti, T. W., & Supramono, S. (2024). Unlocking Success: Nexus between Entrepreneurial Orientation and Financial Performance in Culinary MSMEs. Journal of Economics, Business, & Accountancy Ventura, 27(1), 1-13. https://doi.org/10.14414/jebav.v27i1.4432

Abstract

This study aims to investigate the impact of entrepreneurial orientation on the financial performance of micro, small, and medium-sized enterprises (MSMEs) in the culinary sector, while also exploring the mediating roles of digital transformation and working capital in this relationship. Data were gathered via a field survey involving 360 culinary MSMEs operators in Semarang City, Salatiga City, and Surakarta City, with a proportional distribution across these locations. Statistical analysis was conducted using SEM-PLS. The results reveal that entrepreneurial orientation significantly influences financial performance, digital transformation, and working capital. Additionally, digital transformation and working capital play mediating roles in the relationship between entrepreneurial orientation and financial performance. This study contributes to theoretical insights by proposing a model to enhance the economic performance of culinary MSMEs, focusing on entrepreneurial orientation, digital transformation, and working capital. From a policy perspective, the government is encouraged to support various initiatives aimed at enhancing entrepreneurial capabilities, fostering the adoption of digital technologies, and promoting effective working capital management within the culinary MSMEs sector.

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Unlocking Success: Nexus between Entrepreneurial Orientation and Financial Performance in Culinary MSMEs

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