Financial Behavior and Financial Performance: Financial Distress as A Moderating Variable Tri Rinawati, Bonita Prabasari, Excelline Anjani Handoko, Retno Wahyu Astuti
Fakultas Ekonomi, Universitas Semarang
Abstract
The main aim of this research is to analyze and study the influence financial behavior to financial performance MSME actors with moderation financial distress. This research uses a sample of 100 MSMEs in the Batik industry who have exported, located in Semarang City, Central Java. The analysis carried out in this research used causality analysis with SEM PLS. The research results found that directly financial behavior has a significant influence on financial performance. Besides that, financial distress can moderate financial behavior to financial performance. From the results of this research, it can be concluded that poor financial behavior plus financial difficulties will have a negative impact on financial performance. So as business actors, especially MSMEs, you must pay attention to your financial behavior in managing your business finances for business sustainability. Moreover, MSMEs have an important role for the Indonesian economy in the formation of gross domestic product and employment.
