The Influence of Business Capital, Financial Inclusion, and Intellectual Capital on MSME Performance (A Case Study of the Culinary Sector in Harjamukti District, Cirebon City)

Febiyanti Febiyanti; Rinni Indriyani; Muzayanah Muzayanah

doi:10.59431/ijer.v6i3.961

Quick Links

Journal

Home: Journal Home
Current: Current Issue
Archives: All Issues
News: Announcements
Search: Search Articles

About

About: About Journal
Team: Editorial Team
Reviewers: Reviewer Team
Indexing: Indexed In

For Authors

Guidelines: Author Guidelines
Submit: Submit Article
Fees: Publication Fees

Policies

Ethics: Publication Ethics
Review: Reviewer Guide
Access: Open Access
Contact: Contact Us

6281260272238
alam.amiki@gmail.com
Mon - Sat: 08:00 - 15:00

Articles

PDF

Articles

The Influence of Business Capital, Financial Inclusion, and Intellectual Capital on MSME Performance (A Case Study of the Culinary Sector in Harjamukti District, Cirebon City)

Febiyanti Febiyanti, Rinni Indriyani, Muzayanah Muzayanah

View Author Affiliations

Febiyanti Febiyanti: Universitas Muhammadiyah, Indonesia
Rinni Indriyani: Universitas Muhammadiyah, Indonesia
Muzayanah Muzayanah: Universitas Muhammadiyah, Indonesia

DOI:

https://doi.org/10.59431/ijer.v6i3.961

Published:

September 28, 2026

Pages:

1328-1339

0

Views

0

Downloads

Article Metrics

Abstract

Improving the performance of MSMEs is crucial for supporting economic growth and community welfare. This study aims to analyze the impact of business capital, financial inclusion, and intellectual capital on the performance of MSMEs in the culinary sector of Harjamukti District, Cirebon City. The study employs a quantitative approach using multiple linear regression analysis. The research population consists of 986 MSMEs, with a sample of 91 MSMEs determined using the Slovin formula. Data were collected via Likert-scale questionnaires. The results indicate that business capital and financial inclusion have a positive and significant effect on MSME performance, whereas intellectual capital does not have a significant effect. However, simultaneously, the three variables significantly influence MSME performance. These findings highlight the importance of strengthening business capital and financial inclusion to enhance MSME performance.

Keywords

MSME Performance; Intellectual Capital; Financial Inclusion; Business Capital; Culinary Sector

Author Biographies

Febiyanti Febiyanti

Universitas Muhammadiyah

Accounting Study Program, Faculty of Economics and Business, Universitas Muhammadiyah, Cirebon City, West Java Province, Indonesia.

Rinni Indriyani

Universitas Muhammadiyah

Accounting Study Program, Faculty of Economics and Business, Universitas Muhammadiyah, Cirebon City, West Java Province, Indonesia.

Muzayanah Muzayanah

Universitas Muhammadiyah

Accounting Study Program, Faculty of Economics and Business, Universitas Muhammadiyah, Cirebon City, West Java Province, Indonesia.

Article Identifiers

Article Title: The Influence of Business Capital, Financial Inclusion, and Intellectual Capital on MSME Performance (A Case Study of the Culinary Sector in Harjamukti District, Cirebon City)
DOI: 10.59431/ijer.v6i3.961
Publication Date: 2026-09-28

Journal: Indonesian Journal Economic Review (IJER)
Volume: 6
Issue: 3
Pages: 1328-1339

References

Afrilia, V., Zulaihati, S., & Kismayanti Respati, D. (2025). Ekopedia: Jurnal Ilmiah Ekonomi. Jurnal Ilmiah Ekonomi, 1(2), 824. https://doi.org/10.63822/0z13v590.
Aisyah, H., Puspita, S., & Metamedia, U. (2022). Resource-Based View: Strategi UMKM di Sumatera Barat untuk mencapai keunggulan kompetitif. Jurnal Riset Manajemen & Bisnis Dewantara, 5(2), 109–120. https://doi.org/10.26533/jmd.v5i2.1029.
Amin, N. F. (2023). Konsep Umum Populasi dan Sampel dalam Penelitian. Jurnal Kajian Islam Kontemporer, 14(1), 15–31.
Anastasya, Devi, O., Pompeng, Y., & Palimbong, S. M. (2024). Pengaruh pengelolaan keuangan, financial technology dan modal usaha terhadap kinerja UMKM di Tana Toraja (Studi kasus pada UMKM kuliner di Kecamatan Makale). Jurnal Bisnis Mahasiswa. https://doi.org/10.60036/jbm.555.
Artati, D. (2024). Analisis intellectual capital dan good corporate governance pada kinerja UMKM di Kabupaten Kebumen. Jurnal Ekonomi Pembangunan, 6(2), 142–149. https://doi.org/10.36985/52e8gy60.
Arventyani, R. (2024). Pengaruh modal, laporan keuangan, pemanfaatan sistem informasi akuntansi dan penggunaan teknologi informasi terhadap kinerja UMKM di Beteng Trade Center (BTC) Solo. Jurnal Rumpun Manajemen Dan Ekonomi, 1(3), 612–624. https://doi.org/10.61722/jrme.v1i3.2119.
Aslamiyah, F. (2024). Pendekatan resource-based view (RBV) dalam manajemen bisnis: Strategi untuk keunggulan. Jurnal Manajamen Bisnis Syariah, 1, 176–183.
Azhari Hutabarat, M. P., Yunita, N. A., Putri, R. G., & Indrayani, I. (2022). Pengaruh modal usaha, penggunaan informasi akuntansi dan sistem penjualan e-commerce terhadap kinerja keuangan usaha mikro kecil dan menengah (Studi pada usaha mikro kecil dan menengah di Kota Lhokseumawe). Jurnal Akuntansi Malikussaleh (JAM), 1(1), 1. https://doi.org/10.29103/jam.v1i1.6852.
Cabrilo, S., & Kianto, A. (2023). Futurizing the intellectual capital theory. 2016–2021.
Devi, R. (2021). Pengaruh modal usaha dan sikap kewirausahaan terhadap pendapatan usaha kecil (mikro) di kawasan M. Said Samarinda. Journal Administrasi Bisnis, 9(1), 36–45.
Dewi, I. C. (2025). Pengaruh ekonomi kreatif terhadap pengembangan bisnis kuliner berkelanjutan: Studi kasus di wisata kuliner Jawa Timur. Seminar Nasional Pariwisata Dan Kewirausahaan (SNPK), 4, 228–235. https://doi.org/10.36441/snpk.vol4.2025.332.
Emanuel, P. (2025). The influence of capital, production costs and business duration on the performance of MSMEs in Sleman Regency. Journal of Economic, Business and Accounting, 8(6), 1872–1879.
Fajri, A., Indriasih, D., & Indriyati, N. (2021). Pengaruh inklusi keuangan dan literasi keuangan terhadap kinerja UMKM batik di Kabupaten Tegal. Jurnal Perpajakan, Manajemen, Dan Akuntansi, 13(1), 108–123. https://doi.org/10.24905/permana.v13i1.167.
Farina, O. (2022). Pengaruh pemanfaatan sistem informasi akuntansi dan penggunaan teknologi informasi terhadap kinerja UMKM. Jurnal Ekonomi & Ekonomi Syariah, 6(1), 704–713. https://doi.org/10.36778/jesya.v6i1.1007.
Febriyanti, L., Maidani, M., & Kuntadi, C. (2022). Pengaruh intellectual capital terhadap kinerja keuangan dengan competitive advantage sebagai variabel moderasi. Journal of Comprehensive Science (JCS), 1(5), 1262–1266. https://doi.org/10.59188/jcs.v1i5.157.
Harbert, A. Z. A. (2025). Pengaruh keputusan keuangan, fintech, dan inklusi keuangan terhadap kinerja UMKM. Jurnal Manajerial Dan Kewirausahaan, 7(2), 389–395. https://doi.org/10.24912/jmk.v7i2.33908.
Hasmirati, A. A. (2022). Dampak human capital, structural capital, dan customer capital terhadap kinerja bisnis UMKM di Tilamuta. Jurnal Aplikasi Manajemen Dan Inovasi Bisnis, 4(2), 201–215. https://doi.org/10.47201/jamin.v4i2.95.
Hertadiani, V. W., & Lestari, D. (2021). Pengaruh inklusi keuangan dan pengelolaan keuangan terhadap kinerja UMKM sektor kuliner di Jakarta Timur. Jurnal Bisnis Dan Komunikasi, 8(2), 19–31. https://doi.org/10.53008/kalbisocio.v8i2.173.
Julita. (2024). Locus of control, intellectual capital dan implementasi fintech untuk meningkatkan kinerja UMKM di Kota Medan. Jurnal Ilmiah Magister Manajemen, 7(1), 97–104. https://doi.org/10.30596/maneggio.v7i1.19629.
Kianto, A., Ritala, P., Vanhala, M., & Hussinki, H. (2020). Reflections on the criteria for the sound measurement of intellectual capital: A knowledge-based perspective. Critical Perspectives on Accounting, 70. https://doi.org/10.1016/j.cpa.2018.05.002.
Kusuma, M., Narulitasari, D., & Nurohman, Y. A. (2021). Inklusi keuangan dan literasi keuangan terhadap kinerja dan keberlanjutan UMKM di Solo Raya. Jurnal Among Makarti, 14(2), 62–76.
Lestari, N. P., Widodo, S., Studi, P., Pembangunan, E., Kusuma, U. W., Usaha, L., & Kerja, J. (2021). Pengaruh modal usaha, lama usaha, dan jam kerja terhadap pendapatan pedagang pasar tradisional Manukan Kulon Surabaya. 03(2), 104–115. https://doi.org/10.30742/economie.v3i1.1512.
Marthiani, I. (2024). Uji validitas dan reliabilitas instrumen penelitian pemahaman konsep biologi. Jurnal Yudistira: Publikasi Riset Ilmu Pendidikan Dan Bahasa, 2(2). https://doi.org/10.61132/yudistira.v2i2.727.
Moh, S. (2024). Determinan kinerja usaha mikro kecil dan menengah (UMKM). 7(1), 23–39.
Mukoffi, A. (2021). Karakteristik wirausaha, modal usaha dan kecanggihan teknologi terhadap kinerja UMKM di masa pandemi Covid-19. Jurnal Paradigma Ekonomika, 16(2), 235–246. https://doi.org/10.22437/jpe.v16i2.12552.
Mulyana, H., Yuniarsih, T., & Hadijah, H. S. (2024). Manajerial: Jurnal Manajemen dan Sistem Informasi, 23(1), 61–74.
Nurainun Bangun. (2023). Mengelola modal usaha untuk peningkatan kinerja UMKM. Jurnal Serina Abdimas, 1(3), 1338–1344. https://doi.org/10.24912/jsa.v1i3.26171.
Octaviani Salsabella, & Handri. (2022). Pengaruh literasi keuangan dan financial technology terhadap inklusi keuangan. Bandung Conference Series: Business and Management, 2(1), 688–702. https://doi.org/10.29313/bcsbm.v2i1.2388.
Pradiska, K. I., Atmadja, A. T., & Ayu, I. G. (2024). Pengaruh literasi keuangan dan intellectual capital terhadap keunggulan kompetitif serta implikasinya pada kinerja keuangan UMKM di Kabupaten Buleleng. Jurnal Ilmiah Mahasiswa Akuntansi, 15(02), 449–461. https://doi.org/10.23887/jimat.v15i02.66128.
Rahayu, N. E. (2022). Pengaruh intellectual capital terhadap kinerja usaha mikro, kecil, dan menengah di Kota Madiun. 2(2), 91–99.
Renaldo, N. (2021). The effect of entrepreneurship characteristic, business capital, and technological sophistication on MSME performance. Journal of Applied Business and Technology, 2(2011), 109–117.
Rosari, R., Nugrahanti, T. P., Noor, L. S., & Zaroni, A. N. (2024). The effect of intellectual capital on MSME performance through innovation as an intervening variable. Journal of Social Science and Business, 8(1), 161–168. https://doi.org/10.23887/ijssb.v8i1.68776.
Samuel Martono, R. F. (2023). Pengaruh inklusi keuangan, literasi keuangan dan pengelolaan keuangan terhadap kinerja UMKM di Kota Salatiga. Jurnal Ekonomi Pendidikan Dan Kewirausahaan, 11(2), 153–168. https://doi.org/10.26740/jepk.v11n2.p153-168.
Undari Sulung, M. M. (2024). Memahami sumber data penelitian: Primer, sekunder dan tersier. 5(September), 110–116.
Vinka Lorenza, N. H. (2023). Peningkatan kinerja keuangan UMKM di Indonesia melalui literasi keuangan dan inklusi keuangan. Edunomika, 8(01), 1–10. https://doi.org/10.29040/jie.v8i1.11334.
Zuliyati, N., Budiman, Z. M. D. (2020). Pengaruh intellectual capital terhadap kinerja UMKM (Studi kasus pada UMKM di Kabupaten Kudus). Jurnal Akuntansi Dan Keuangan, 6(2), 181–200. https://doi.org/10.36080/jak.v6i2.417.

Issue Information

Article Details

Volume:	6
Issue:	3
Year:	2026
Published:	2026-09-28
Pages:	1328-1339
Section:	Articles

View Full Issue

Additional Information

How to Cite

Febiyanti, F., Indriyani, R., & Muzayanah, M. (2026). The Influence of Business Capital, Financial Inclusion, and Intellectual Capital on MSME Performance (A Case Study of the Culinary Sector in Harjamukti District, Cirebon City). Indonesian Journal Economic Review (IJER), 6(3), 1328-1339. https://doi.org/10.59431/ijer.v6i3.961