Research Article
Determinants of SME Financial Performance: A Contingency Theory Perspective
@INPROCEEDINGS{10.4108/eai.30-7-2025.2360703, author={Farah Navira Arwidya and Lulu Nurul Istanti and Trisetia Wijijayanti and Yuli Agustina}, title={Determinants of SME Financial Performance: A Contingency Theory Perspective}, proceedings={Proceedings of the 5th Business Innovation Sustainability and Technology International Conference, BISTIC 2025, 30th July 2025, Malang, Indonesia}, publisher={EAI}, proceedings_a={BISTIC}, year={2025}, month={12}, keywords={financial literacy financial inclusion locus of control digital payment financial performance}, doi={10.4108/eai.30-7-2025.2360703} }- Farah Navira Arwidya
Lulu Nurul Istanti
Trisetia Wijijayanti
Yuli Agustina
Year: 2025
Determinants of SME Financial Performance: A Contingency Theory Perspective
BISTIC
EAI
DOI: 10.4108/eai.30-7-2025.2360703
Abstract
This study aims to analyze the influence of Financial Literacy, Financial Inclusion, Locus of Control, and Digital Payment on the Financial Performance of Food SMEs in Kediri City. The approach used in this study is a quantitative method with survey techniques through the distribution of questionnaires. The data collected is primary data from the research population, which includes SMEs typical of Kediri City, such as tofu takwa, gethuk pian, and soto Bok Ijo. The sampling technique employed was total sampling, with a total of 97 respondents. The hypothesis testing employed a Likert scale and was analyzed using multiple linear regression with IBM SPSS Statistics version 26. The results show that the variables of Financial Literacy and Digital Payment significantly affect Financial Performance. In contrast, the variables of Financial Inclusion and Locus of Control did not demonstrate a significant influence. These findings highlight the importance of enhancing financial literacy and promoting digital payments to support the financial performance of SMEs.
