Published: 2026-03-17
The Influence of Financial Aspects, Human Resource (HR) Competence, and Product Innovation on the Performance of Micro, Small, and Medium Enterprises (MSMEs) in Menteng District
DOI: 10.35870/ijmsit.v6i1.6727
Downloads
Abstract
MSMEs play a strategic role in Indonesia and are crucial for the economy, employment, job creation, and poverty reduction. In 2023, MSMEs contributed 61.07 percent to the national GDP and employed 97 percent of the Indonesian workforce. As competition increases, it is crucial to understand the factors that can help MSMEs perform more effectively. Good financial health combined with strong human resource capabilities supports better innovation capabilities, which in turn improves the level and quality of not only competitiveness but also overall business performance. The research conducted in this paper aims to investigate the influence of financial aspects, human resource competencies, and product innovation on business performance, both partially and jointly. The research method used is quantitative, employing a survey method. Data were collected through a questionnaire using a Likert Scale, which was distributed to 100 registered MSME owners in the Menteng area. The sampling method used a purposive sampling method. The data analysis method utilized SPSS to examine the relationship and influence between the variables of financial aspects, human resource competencies, and product innovation on business performance. The results of the study indicate that the financial aspect variable has a significant positive influence on business performance (0.000 at a 5% significance level). The HR competency variable also has a significant positive influence (0.000 at a 5% significance level), as does the product variable (0.023 at a 5% significance level). The simultaneous test also shows that the financial aspect variable, HR competency, and product innovation all have a significant positive influence (0.000 at a 5% significance level). Therefore, by improving these three elements simultaneously, integrated financial management, HR competency development, and product innovation can provide business actors with an effective means to increase performance competitiveness.
Keywords
Financial Aspects ; Human Resource Competence ; Product Innovation ; Business Performance
Article Information
This article has been peer-reviewed and published in the International Journal of Management Science and Information Technology. The content is available under the terms of the Creative Commons Attribution 4.0 International License.
-
Issue: Vol. 6 No. 1 (2026)
-
Section: Articles
-
Published: %750 %e, %2026
-
License: CC BY 4.0
-
Copyright: © 2026 Authors
-
DOI: 10.35870/ijmsit.v6i1.6727
AI Research Hub
This article is indexed and available through various AI-powered research tools and citation platforms. Our AI Research Hub ensures that scholarly work is discoverable, accessible, and easily integrated into the global research ecosystem. By leveraging artificial intelligence for indexing, recommendation, and citation analysis, we enhance the visibility and impact of published research.
Melisa Riswania
Management Study Program, Faculty of Economics, Social and Humanities, Universitas Teknologi Muhammadiyah Jakarta, South Jakarta City, Special Capital Region of Jakarta, Indonesia.
Mohamad Lutfi
Management Study Program, Faculty of Economics, Social and Humanities, Universitas Teknologi Muhammadiyah Jakarta, South Jakarta City, Special Capital Region of Jakarta, Indonesia.
-
Alatas, R., Mohdari, & Ady Kurnia. (2024). The Role of SME Human Capital Resource Competence in Improving SME Performance. Journal of Business and Behavioural Entrepreneurship, 8(1), 37–45. https://doi.org/10.21009/JOBBE.008.1.05
-
Alvina Damayanti, Herawati Khotmi, & Elvina Setiawati. (2023). Peran Inovasi Produk, Aspek Keuangan, Kompetensi Sumber Daya Manusia Dan Financial Technology Dalam Meningkatkan Kinerja UMKM Kota Mataram. Akuntabel: Jurnal Ilmiah Akuntansi, 1(2), 10–18. Retrieved from https://journal.stieamm.ac.id/akuntabel/article/view/363
-
Anggraini, R. (2021). Pengaruh jaringan usaha, inovasi produk dan persaingan usaha terhadap pengembangan usaha kecil menengah (UKM) di Kabupaten Boven Digoel. http://repository.unhas.ac.id:443/id/eprint/12167
-
Anugrah, R. (2022). Lingkungan kerja dan pengaruhnya terhadap kinerja karyawan [Skripsi, Fakultas Ekonomi dan Bisnis].
-
Arikunto, S. (2021). Prosedur penelitian: Suatu pendekatan praktik. Rineka Cipta.
-
Aslam, M., Shafi, I., Ahmed, J., de Marin, M. S. G., Flores, E. S., Gutiérrez, M. A. R., & Ashraf, I. (2023). Impact of Innovation-Oriented Human Resource on Small and Medium Enterprises’ Performance. Sustainability, 15(7), 6273. https://doi.org/10.3390/su15076273
-
Astari, N. P. R. P., & Candraningrat, I. R. (2022). Financial literacy moderates the effect of fintech on the financial performance of micro, small and medium enterprises (MSMEs). International Journal of Business Management and Economic Review, 5(4), 36–47. http://doi.org/10.35409/IJBMER.2022.3410
-
Baia, E., Ferreira, J. J., & Rodrigues, R. (2020). Value and rareness of resources and capabilities as sources of competitive advantage and superior performance. Knowledge Management Research & Practice, 18(3), 249–262. https://doi.org/10.1080/14778238.2019.1658697
-
Bani, N., Ratnawati, R., & Perdana, S. (2024). Pengaruh Aspek Keuangan dan Kompetensi Sumber Daya Manusia Terhadap Kinerja Usaha Kecil Menengah. Jurnal Penelitian & Pengkajian Ilmiah Mahasiswa (JPPIM), 5(1), 20-28. Retrieved from https://www.wisnuwardhana.ac.id/jppim/index.php/jppim/article/view/210
-
Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-120. https://doi.org/10.1177/014920639101700108
-
Brigham, E. F., & Houston, J. F. (2021). Fundamentals of financial management (15th ed.). Cengage Learning.
-
Dewantoro, B., Putranto, A., & Purwanto, H. (2023). Pengaruh Kompetensi Sumber Daya Manusia, Dan Inovasi Produk Terhadap Kinerja UMKM (studi empiris pada UMKM di Kabupaten Wonosobo). Journal Economic, Management and Business, 2(1), 60-72.
-
Diansyah, F. (2025). Analisis pengaruh aspek keuangan terhadap kinerja UMKM di Bengkulu. Repository Universitas Muhammadiyah Bengkulu. https://repository.umb.ac.id/796/2/JurnalArtikel
-
Febriyanti, S. A., & Suhendi, C. (2025). Pengaruh Efektivitas Laporan Keuangan & Kualitas Laporan keuangan Terhadap Kinerja UMKM. ECo-Fin, 7(2), 1047–1059. https://doi.org/10.32877/ef.v7i2.2470
-
Ghozali, I. (2020). 25 grand theory: 25 teori besar ilmu manajemen, akuntansi dan bisnis (1st ed.). Yoga Pratama.
-
Gitman, L. J., Zutter, C. J., & Smart, S. B. (2022). Principles of managerial finance (15th ed.). Pearson Education.
-
Hadi, R., & Lestari, P. (2024). Pengaruh kompetensi SDM terhadap kinerja UMKM di sektor kuliner Surabaya. Jurnal Manajemen Bisnis Terapan, 11(2), 45–59. https://jurnal.untag-sby.ac.id/index.php/jmbt/article/view/1123
-
Halim, M., & Rahayu, S. (2024). Pengaruh kompetensi SDM terhadap performa UMKM di masa pandemi COVID-19. Jurnal Ekonomi dan Bisnis Regional, 8(3), 50–63. https://journal.unsri.ac.id/index.php/jebr/article/view/789
-
Handayani, D. (2020). Metodologi penelitian kuantitatif dan kualitatif. Prenadamedia Group.
-
Handoyono, R., Farizi, M. A., Mardiana, L., & Winarti, R. (2025). Pengaruh aspek keuangan dan kompetensi sumber daya manusia (SDM) terhadap kinerja usaha mikro kecil dan menengah (UMKM) di Kelurahan Palebon, Kecamatan Pedurungan, Semarang. Bussman Journal: Indonesian Journal of Business and Management, 5(2), 1–12.
-
Hardani, A., Arikunto, S., & Sadiman, A. M. (2020). Metodologi penelitian pendidikan. PT Bineka Cipta.
-
Haryanto, T. (2022). Inovasi produk sebagai strategi peningkatan kinerja UMKM. Jurnal Manajemen dan Bisnis, 11(2), 101–112.
-
Hattiambire, Dayanand Trimukh and Harkal, Prabhakar, An Investigation into the Financial Performance of Micro, Small and Medium Enterprises (MSMEs) in Nanded, Maharashtra (October 5, 2021). http://dx.doi.org/10.2139/ssrn.3936579
-
Hendri, M. I., & Kurniawan, A. (2023). Performance measurement of small and medium enterprises in a dynamic business environment. Journal of Small Business and Enterprise Development, 30(2), 245–260.
-
Hitt, M. A., Xu, K., & Carnes, C. M. (2021). Resource based theory in operations management research. Journal of Operations Management, 67(1), 1–15. https://doi.org/10.1002/joom.1101
-
Indriyani, D., Gunawan Aji, Amalia Karimah, Pipit Fitriani, & Isna Amaliya. (2023). Pengaruh Strategi Pemasaran, Kompetensi SDM, Pengelolaan Keuangan dan Sistem Informasi Akuntansi Dalam Meningkatkan Kinerja UMKM. Jurnal Penelitian Ekonomi Manajemen Dan Bisnis, 2(2), 184–193. https://doi.org/10.55606/jekombis.v2i2.1551
-
Kasmir. (2021). Analisis laporan keuangan (Edisi revisi). Rajawali Pers.
-
Kotler, P., & Keller, K. L. (2021). Manajemen pemasaran (Edisi 15, terjemahan). Erlangga.
-
Kozlenkova, I. V., Samaha, S. A., & Palmatier, R. W. (2021). Resource-based theory in marketing. Journal of the Academy of Marketing Science, 49(2), 324–346. https://doi.org/10.1007/s11747-020-00742-4
-
Kristiawati, E., Giriati, W., & Malini, H. (2024). The role of financial literacy and entrepreneurial orientation on MSME sustainability: The mediating effect of e-commerce. AJARCDE (Asian Journal of Applied Research for Community Development and Empowerment), 8(2), 24–30. https://doi.org/10.29165/ajarcde.v8i2.383
-
Kuswardani, D. C., Santoso, A., Maulana, D. Y., Alfiana, & Gusmao, C. (2024). The influence of product innovation, HR competence, and marketing performance on the financial performance of MSMEs in the agricultural sector. Jurnal Manajemen & Agribisnis, 21(3), 307–318. https://doi.org/10.17358/jma.21.3.307
-
Lemeshow, S., Hosmer, D. W., Klar, J., & Lwanga, S. K. (1997). Adequacy of sample size in health studies. John Wiley & Sons.
-
Lestari, S. (2021). Pengaruh Aspek Keuangan, Kompetensi Sumber Daya Manusia (SDM), dan Inovasi Produk Terhadap Kinerja Usaha Mikro, Kecil, dan Menengah (UMKM) di Kabupaten Ponorogo (Doctoral dissertation, IAIN PONOROGO).
-
Margahana, H., & Sugandini, D. (2022). Human Resource Competency, Government Support, Experience, and Product Innovation on Business Performance. Review of Integrative Business and Economics Research, 11, 184-197.
-
Munizu, M. (2010). Pengaruh faktor-faktor eksternal dan internal terhadap kinerja usaha mikro dan kecil (UMK) di Sulawesi Selatan. Jurnal manajemen dan kewirausahaan, 12(1), 33-41.
-
Muttaqin, A. A. J., & Apriadi, D. (2025). Pengaruh Sumber Daya Manusia Dan Inovasi Produk Terhadap Kinerja Kewirausahaan. Wawasan: Jurnal Ilmu Manajemen, Ekonomi Dan Kewirausahaan, 3(3), 52-67.
-
Nurdin, I., & Hartati, S. (2019). Metodologi penelitian sosial. Media Sahabat Cendikia.
-
Putri, A. R. R., & Triyanto, E. (2023). Pengaruh Literasi Keuangan, Inovasi Produk, dan Harga Terhadap Kinerja Keuangan (Studi Kasus Pada UMKM di Alun-Alun Sukoharjo). Jurnal Ilmiah Ekonomi dan Manajemen, 1(2), 92-105. https://doi.org/10.61722/jiem.v1i2.72
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
Authors retain copyright of their work and grant the journal non-exclusive right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.