Influence of Finansial Aspects and The Use of E-commerce on Perfomance of Micro, Small, Medium Entreprises (MSMEs) in Daerah Istimewa Yogyakarta


  • Melvin Rahma Sayuga Subroto Nahdlatul Ulama University, Yogyakarta, Indonesia
  • Zulfatun Ruscitasari Nahdlatul Ulama University, Yogyakarta, Indonesia



financial aspect, use of e-commerce, performance


In order to enhance the performance of Micro, Small, Medium enterprises (MSMEs), it is necessary to consider the use of e-commerce and the financial aspects (financial management). Financial and E-commerce aspects are two important factors needed to face the challenges of the business environment in achieving high MSMEs performance. This study aims to determine the effect of financial aspects and the use of e-commerce on the performance of MSMEs. This research is associative causality. The data collection method in this study was a survey using a questionnaire with a sample of 246 MSMEs in the Province of Special Region of Yogyakarta, Indonesia. The results of this study indicate that (1) there is a positive and significant influence that the Financial Aspects on the Performance of MSMEs, (2) There is a positive and significant effect of the use of e-commerce on the Performance of MSMEs, and (3) There is a positive and significant influence of the financial aspects and the use of e-commerce simultaneously on the performance of MSMEs.


Al-Qirim, N. (2007) “The adoption of eCommerce communications and applications technologies in small businesses in New Zealand,” Electronic Commerce Research and Applications, 6(4), pp. 462–473. DOI: 10.1016/j.elerap.2007.02.012.

Anwar, M. (2018) “Business model innovation and SMEs performance-Does competitive advantage mediate?" International Journal of Innovation Management, 22(7). DOI: 10.1142/S1363919618500573.

Chwelos, P., Benbasat, I. and Dexter, A. S. (2001) “Research Report: Empirical Test of an EDI Adoption Model,” Information Systems Research, 12(3), pp. 304–321. DOI: 10.1287/isre.12.3.304.9708.

Gitman, Lawrence J. (2012). Principles of Managerial Finance. Boston: Pearson Addison Wesley.

Jennings, P. and Beaver, G. (1997) “The Performance and Competitive Advantage of Small Firms: A Management Perspective,” International Small Business Journal: Researching Entrepreneurship, 15(2), pp. 63–75. DOI: 10.1177/0266242697152004.

Kaya, S. and Alpkan, L. (2012) “Problems and Solution Proposals for SMEs in Turkey,” EMAJ: Emerging Markets Journal, 2(2), pp. 30–45. DOI: 10.5195/emaj.2012.26.

Li, P. and Xie, W. (2012) “A strategic framework for determining e‐commerce adoption,” Journal of Technology Management in China, 7(1), pp. 22–35. DOI: 10.1108/17468771211207321.

Lukács, E. (2005) “The Economic Role of SMEs in World Economy, Especially In Europe,” European Integration Studies, IV(1), pp. 3–12.

Nelson Maseko (2011) “Accounting practices of SMEs in Zimbabwe: An investigative study of record-keeping for performance measurement (A case study of Bindura),” Journal of Accounting and Taxation, 3(8). DOI: 10.5897/jat11.031.

Peel, M. J., and Wilson, N. (2000) Working Capital and Financial Management Practices in the Small Firm Sector, International Small Business Journal, 14(2): 52-68)

Richardson, P., Howarth, R. and Finnegan, G. (2004) The Challenges of Growing Small Businesses: Insights from Women Entrepreneurs in Africa InFocus Programme on Boosting Employment through Small Enterprise Development Job Creation and Enterprise Department International Labour Office · Geneva. Available at: (Accessed: October 2, 2020).

Sarosa, S. and Zowghi, D. (2003) “Strategy for Adopting Information Technology for SMEs: Experience in Adopting Email within an Indonesian Furniture Company,” Electronic Journal of Information Systems Evaluation, 6(2). Available at: (Accessed: October 2, 2020).