Proceedings of the 4th International Conference on Economics, Business and Economic Education Science, ICE-BEES 2021, 27-28 July 2021, Semarang, Indonesia

Research Article

How Company Size, Learning Process and Financial Literacy Support SME's Sustainability

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  • @INPROCEEDINGS{10.4108/eai.27-7-2021.2316839,
        author={Erlynda Yuniarti Kasim and Annisa  Nurfitriana},
        title={How Company Size, Learning Process and Financial Literacy Support SME's Sustainability},
        proceedings={Proceedings of the 4th International Conference on Economics, Business and Economic Education Science, ICE-BEES 2021, 27-28 July 2021, Semarang, Indonesia},
        publisher={EAI},
        proceedings_a={ICE-BEES},
        year={2022},
        month={3},
        keywords={company size learning process financial literacy sustainability},
        doi={10.4108/eai.27-7-2021.2316839}
    }
    
  • Erlynda Yuniarti Kasim
    Annisa Nurfitriana
    Year: 2022
    How Company Size, Learning Process and Financial Literacy Support SME's Sustainability
    ICE-BEES
    EAI
    DOI: 10.4108/eai.27-7-2021.2316839
Erlynda Yuniarti Kasim1,*, Annisa Nurfitriana1
  • 1: Sekolah Tinggi Ilmu Ekonomi Ekuitas
*Contact email: erlynda_kasim@yahoo.com

Abstract

The Small and Medium Enterprises sector play an important role in contributing to the economic growth of a country. Therefore, It is a big challenge for SMEs to grow in the business complexity the future. SMEs must improve their financial performance in the long term to keep them going concern in their business. One of the strategies is to apply management practices which is carried out in business processes. SMEs in Indonesia has to improve their business process to enter the international market. One of the issue in the SME's business is Sustainability. The purpose of this study is to determine and describe if the size of the company's learning process and financial literacy in encouraging the sustainability of SMEs. This type of research is included in quantitative research using research instruments in the form of questionnaires. This research was conducted on 168 SMEs in Cimahi City (West Java, Indonesia) as the population and the sampling technique used random sampling with a total sample of 63 SMEs. The study found that the size of the company and the learning process does not affect in encouraging the sustainability of SMEs. Financial literacy is affect in encouraging the sustainability of SMEs. Meanwhile, simultaneously the size of the company, the learning process, and financial literacy affect the sustainability of SME’s.