MSME Financial Performance: The Role of Green Accounting, Green Intellectual Capital, and Fintech in the Sustainability of MSMEs
DOI:
https://doi.org/10.37385/ijedr.v6i6.9285Keywords:
Financial Attitudes, Financial Experience, Management BehaviourAbstract
This study examines and tests personality-mediated management behaviour in MSMEs in Semarang City in relation to financial attitudes and financial experience. Version 25 of SPSS was used to process the data. In Semarang City, 88 MSME business actors made up the sample. The study findings indicate that there is a substantial relationship between personality and financial views as well as experience. There is a considerable impact of financial attitudes on management conduct. Regarding how management conduct is impacted by financial experience, personality has a major impact on how managers behave. Not only does financial experience have a substantial impact on management behaviour mediated by personality, but financial views also have a big influence. Thus, each of the seven current hypotheses has a noteworthy and beneficial impact.
References
Agarwal, V. (2023). Building resilience for sustainability of MSMEs post COVID-19 outbreak: An Indian handicraft industry outlook. Socio-Economic Planning Sciences, 85. https://doi.org/10.1016/j.seps.2022.101473
Akinwale, Y. O. (2020). Technology innovation and financial performance of MSMEs during Covid-19 lockdown in Dammam area of Saudi Arabia: A case of food and beverage sector. International Journal of Technology Learning and Innovation Development, 12(2), 136–152. https://doi.org/10.1504/IJTLID.2020.10033918
Appiah-Kubi, E., Mensah, R., & Adu, G. (2024). Green financing and sustainability reporting among SMEs. Journal of Cleaner Production, 300, 126–138. https://doi.org/10.1016/j.jclepro.2024.133882
Asiaei, K. (2023). Green intellectual capital and ambidextrous green innovation: The impact on environmental performance. Business Strategy and the Environment, 32(1), 369–386. https://doi.org/10.1002/bse.3158
Asiaei, K. (2022). Green intellectual capital and environmental management accounting: Natural resource orchestration in favour of environmental performance. Business Strategy and the Environment, 31(1), 76–93. https://doi.org/10.1002/bse.2868
Astuti, P. D., Wibowo, A., & Hartono, D. (2023). Exploration of sustainability accounting practices in small and medium enterprises in Bali Province, Indonesia. International Journal of Economic, Financial and Management, 6(11), 5645–5656.
Bani Atta, A. A., Al-Mansour, F., & Hasan, M. (2025). Financial technology platforms and enhancing SME access to finance. Journal of Financial Technology, 3(1), 1–15.
Dela, E. (2024). The impact of corporate social responsibility on financial and environmental performance of SMEs. SAGE Open, 14(3), 1–12. https://doi.org/10.1177/21582440241259479
Dutta, T. K. (2020). Green accounting in achieving higher corporate profitability and sustainability in the ready-made garment industry in Bangladesh: A conceptual analysis. International Journal of Innovation, Creativity and Change, 10(10), 178–187.
Fitri, A., Hartono, R., & Suryani, P. (2022). The effect of green intellectual capital on SMEs’ business sustainability. Journal of Business Management, 9(1), 55–64.
Hadi, D. P. (2024). The impact of social and political capital on the sustainability of MSMEs in the era of economic and digital disruption. International Journal of Sustainable Development and Planning, 19(5), 1921–1928. https://doi.org/10.18280/ijsdp.190534
Hanggraeni, D. (2021). Quality of entrepreneurship and micro-, small-, and medium-sized enterprises’ (MSMEs) financial performance in Indonesia. Journal of Asian Finance, Economics and Business, 8(4), 897–907. https://doi.org/10.13106/jafeb.2021.vol8.no4.0897
Harnida, M. (2024). Micro, small, and medium-sized enterprises (MSMEs) sustainability: The strategic role of digitalisation, financial literacy, and technological infrastructure. Journal of Ecohumanism, 3(6), 1248–1260. https://doi.org/10.31875/2767-3168.2024.3.6
Kusuma, H., Muafi, M., & Kholid, M. N. (2023). Pro-environmental MSMEs performance: The role of green IT adoption, green innovative behaviour, and financial accounting resources. Journal of Law and Sustainable Development, 11(4), 1–21. https://doi.org/10.55908/sdgs2023114
Kurniawan, A., Maulana, A., & Iskandar, Y. (2023). The effect of technology adaptation and government financial support on sustainable performance of MSMEs during the COVID-19 pandemic. Cogent Business & Management, 10(1). https://doi.org/10.1080/23311975.2023.2177400
Li, X. (2024). FinTech and SME performance: Evidence from China. Journal of Asian Economics, 75, 101–113. https://doi.org/10.1016/j.asieco.2024.101113
Mah, P. Y. (2023). Corporate sustainability orientation, sustainable development practices, and firm performance of MSMEs in Malaysia. Asian Journal of Business Research, 13(2), 107–127. https://doi.org/10.14707/ajbr.2302
Malesios, C. (2018). Small businesses and FinTech: A systematic review. Environmental Economics and Policy Studies, 20(2), 147–160. https://doi.org/10.1007/s10018-017-0190-3
Mulatsih, S. N. (2025). Green intellectual capital and eco-innovation in shaping sustainable financial performance. Journal of Cleaner Production, 300, 126–138. https://doi.org/10.1016/j.jclepro.2025.125138
Muafi, M. (2022). MSMEs business sustainability models in Indonesia. International Journal of Sustainable Development and Planning, 17(1), 207–217. https://doi.org/10.18280/ijsdp.170118
Munandar, J. M. (2025). The impacts of business sustainability factors on financial and sustainability performance: An empirical study on Indonesian SMEs. Sustainability, 17(10), 4593. https://doi.org/10.3390/su17104593
Pizzi, S. (2021). Fintech and SMEs sustainable business models: Reflections and considerations for a circular economy. Journal of Cleaner Production, 281. https://doi.org/10.1016/j.jclepro.2020.125217
Purnomo, S. (2022). Sustainability of MSMEs performance and income distribution: Role of intellectual capital and strategic orientations. Journal of Distribution Science, 20(4), 85–94. https://doi.org/10.15722/jds.20.4.202204.85
Ristati. (2024). The effect of financial technology and financial literacy on the sustainability of MSMEs in Lhokseumawe City with financial inclusion as a mediating variable. Journal of Ecohumanism, 3(8), 2969–2978. https://doi.org/10.31875/2767-3168.2024.3.8
Rosyidiana, R. N. (2024). Micro, small, and medium-sized enterprises (MSMEs) during the post-pandemic economic recovery period: Digitalisation, literacy, innovation, and its impact on financial performance. Cogent Business & Management, 11(1). https://doi.org/10.1080/23311975.2024.2365894
Selpiyanti, S., & Fakhroni, Z. (2020). The effect of green accounting and material flow cost accounting implementation on sustainable development. Jurnal ASET (Accounting Research), 12(1), 109–116.
Vásquez, J. (2021). A sustainability maturity model for micro, small and medium-sized enterprises (MSMEs) based on a data analytics evaluation approach. Journal of Cleaner Production, 311. https://doi.org/10.1016/j.jclepro.2021.127745
Wuen, C. H. (2022). Quantitative analysis of strategic human resource management and organisational learning: The sustainability of MSMEs in Brunei Darussalam. In Handbook of Research on Developing Circular, Digital, and Green Economies in Asia (pp. 59–85). IGI Global. https://doi.org/10.4018/978-1-6684-4709-2.ch004
