Integrasi Modal Keuangan, Inovasi Produk, dan Manajemen Risiko dalam Meningkatkan Keberlanjutan UMKM Pertanian: Studi Kasus di Wilayah Kabupaten Semarang
DOI:
https://doi.org/10.38035/jmpd.v4i3.786Keywords:
Modal Keuangan, Inovasi Produk, Manajemen Risiko, Keberlanjutan UMKM.Abstract
The sustainability of Micro, Small, and Medium Enterprises (MSMEs) is a critical issue in economic development, particularly in the agriculture, forestry, and fisheries sectors, which play a strategic role in supporting the regional economy. This study aims to analyze the effects of financial capital, product innovation, and risk management on the sustainability of MSMEs in the agriculture, forestry, and fisheries sectors in Semarang Regency. This study employs a quantitative approach using a survey method involving 100 MSME operators selected via simple random sampling. Data analysis was conducted using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with the assistance of the SmartPLS 4 software. The results indicate that financial capital, product innovation, and risk management have a positive and significant impact on the sustainability of MSMEs. The risk management variable is the factor that exerts the greatest influence on the sustainability of MSMEs compared to the other variables. Furthermore, the research model demonstrates excellent ability in explaining the sustainability of MSMEs, with a coefficient of determination (R²) of 0.891, indicating that 89.1% of the variation in MSME sustainability can be explained by the three independent variables. The findings of this study imply that improving access to financing, strengthening product innovation, and implementing effective risk management are key strategies for enhancing the sustainability of MSMEs in the agricultural sector.
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