Research Article
Innovation and Financial Performance: Study of Tourism SMEs
@INPROCEEDINGS{10.4108/eai.17-12-2022.2333261, author={Hendy Satria and Rachmad Chartady and Indra Indra}, title={Innovation and Financial Performance: Study of Tourism SMEs }, proceedings={Proceedings of the International Conference on Economic, Management, Business and Accounting, ICEMBA 2022, 17 December 2022, Tanjungpinang, Riau Islands, Indonesia}, publisher={EAI}, proceedings_a={ICEMBA}, year={2023}, month={6}, keywords={innovation financial performance smes}, doi={10.4108/eai.17-12-2022.2333261} }- Hendy Satria
Rachmad Chartady
Indra Indra
Year: 2023
Innovation and Financial Performance: Study of Tourism SMEs
ICEMBA
EAI
DOI: 10.4108/eai.17-12-2022.2333261
Abstract
The purpose of this study is to determine how innovation affects four independent variables packaging, diversification, creation, and digitalization and one dependent variable the financial performance of MSMEs in Tanjungpinang City's tourism sector, which includes food and handicrafts as well as travel and tourism. 964 people made up the study's population, and 283 SMEs were selected as a sample using the slovin formula and a tolerance threshold of 5%. The findings of this study show that all variables have a positive association and influence all other variables either partially or simultaneously. With an overall effect of 40.8%, t count exceeds t table and f count exceeds f table, and the remaining 59.2% is influenced by other variables outside of this study, such as networking, leadership, and others.