Financial Digital as a Mediating Influence of Financial Inclusion and Intellectual Capital on SME Financial Performance Sri Hermuningsih, Riskin Hidayat, Setiani Kartika Wati, and Erry Kurniawaty Widodo
Magister Management, Universitas Sarjanawiyata Tamansiswa
Abstract
This study aims to examine the role of financial digital in mediating the effect of financial inclusion and intellectual capital on financial performance of SMEs in the Special Region of Yogyakarta (DIY). The sample of this research is SMEs in Yogyakarta. The sampling technique uses cluster sampling based on the district and city in DIY, which includes Yogyakarta City, Sleman Regency, Bantul Regency, Kulon Progo Regency and Gunung Kidul Regency. From the sampling obtained a sample size of 227 SMEs. Data analysis techniques using Structural Equation Modeling. The results of data testing show that financial inclusion has a negative and insignificant effect on SMEs financial performance, while intellectual capital and financial digital have a significant positive effect on SMEs financial performance. The results of this study also found evidence that financial digital is able to mediate the effect of financial inclusion and intellectual capital on SME financial performance in DIY. This means that financial digital has an important role in improving the financial performance of SMEs.
Keywords: Financial Digital, Financial Inclusion, Intellectual Capital, SME Financial Performance
