The Investment Opportunity, Information Technology and Financial Performance of SMEs

Abstract

-Financial statements as a tool for show the company financial performance and can be used as a basis for making economic decisions. Understanding of accounting standards specifically for SMEs can help SMEs in making business decisions. Information technology support and investment opportunity in SMEs are important factors that can help improve the financial performance of SMEs. Investment opportunity can be seen from the development of market tastes and reflection on the development of SMEs businesses.Investment opportunity is also obtained by innovating in production and marketing. The development of the SMEs business is in line with increasing business age. This shows the ability to survive batik business in facing the times and business competition. This study examines the factors that influence the financial performance of SMEs. using a sample of batik craftsmen. Data analysis was performed using multiple regression program which are currently widely used by researchers to test the research model that they formulate. The result of this research were (1) for small and medium-sized enterprises (SMEs), the company's age and investments opportunity greatly affect the company's financial performance.(2) IT support and good financial management in small and medium enterprises (SMEs) do not affect the company's financial performance.

The Readiness of Lasem Batik Small and Medium Enterprises to Join the Metaverse

“…The considerations were the same as those of the participants who answered "no"namely, there is no convincing evidence that marketing with the metaverse can be achieved and can increase sales. The condition of batik entrepreneurs who are still unsure is in accordance with the research results of Hastuti et al [31], which states that Lasem Batik entrepreneurs have not used information technology as a tool in managing the business. This is illustrated in Figure 6.…”

“…The considerations were the same as those of the participants who answered "no"namely, there is no convincing evidence that marketing with the metaverse can be achieved and can increase sales. The condition of batik entrepreneurs who are still unsure is in accordance with the research results of Hastuti et al [31], which states that Lasem The obstacles faced by Lasem Batik entrepreneurs in using the metaverse are not fully considered to be inhibiting factors in developing their knowledge and marketing channels. Although they are still unfamiliar with the metaverse and the tools used to access the metaverse, the high willingness to learn among these batik entrepreneurs could help them to overcome the obstacles that they face.…”

Impacto de la información financiera en la consecución del desarrollo empresarial en Colombia

“…En consecuencia, se requiere establecer la situación de la empresa a través del análisis financiero, teniendo en cuenta que es la clave para diagnosticar el estado económico de la organización (Schönfeld, 2020;Pervez y Ali, 2022), y constituye como una herramienta para la gestión del efectivo, la solvencia, la rentabilidad y el crecimiento económico; permite identificar el costo de capital, realizar gestión fiscal y facilita la medición del desempeño; con base en estos elementos, es posible realizar la planificación de las inversiones, la financiación y la obtención de ganancias a mediano y largo plazo (Akhtar y Liu, 2018;Hastuti, Sanjaya y Koeswoyo, 2021).…”

Perceived Risk and External Finance Usage in Small- and Medium-Sized Enterprises: Unveiling the Moderating Influence of Business Age

“…For instance, a study by Laaouina et al (2024) found that an SME's finance decision is influenced by the manager's/entrepreneur's age, revealing that the association between perceived risk (PR) and the financing decision is moderated by the age of the manager/entrepreneur. Various scholarly studies have consistently shown that the phase of an SME's life cycle is of the utmost importance in shaping its financial decisions (Cowling et al 2018;Hastuti et al 2021;Mallinguh et al 2020). Nonetheless, previous studies have reported conflicting results regarding the impact of business age (BAge) on financial decisions.…”