The Effect of Access to Capital on The Financial Performance of MSMEs with Moderation if Market Competition and Sustainability Practices
DOI:
https://doi.org/10.55587/ijbe.v1i4.235Keywords:
Capital Access, Financial Performance, Market Competition, Sustainability Practices, SMEsAbstract
Purpose: This study aims to examine the effect of capital access on the financial performance of SMEs and to see how market competition and sustainability practices moderate this relationship.
Method: The study uses a quantitative approach with a sample of 180 SME actors in Yogyakarta obtained through convenience sampling techniques. Data analysis was conducted using multiple linear regression and Moderated Regression Analysis (MRA).
Finding: The results show that capital access affects the financial performance of SMEs , and market competition and sustainability practices also have a significant positive effect on financial performance. In addition, sustainability practices have been proven to strengthen the influence of capital access on the financial performance of SMEs.
Novelty: This research adds market competition and sustainability practices as factors that moderate the relationship between capital access and financial performance. These findings highlight the importance of access to financing, market strategies, and sustainability for enhancing the competitiveness of SMEs.
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