The Effect of Intellectual Capital on MSME's Performance in Grobogan Regency
Keywords:
structural capital, human capital, customer capital, MSME performance, competitive advantageAbstract
Grobogan Regency has an important role in increasing MSMEs in Central Java, this cannot be separated from the maximum handling by the Regency government which is driven by its main leader, the Regent of Grobogan. Grobogan Regency experienced a significant increase in the number of MSMEs during 2024, with a total of 2,068 MSME players. This shows great potential for local economic growth. With increasing competition in the digital era, understanding these factors is crucial. The purpose of this study is to analyze the effect of structural capital, human capital, and customer capital on MSME performance, as well as understand the role of competitive advantage in the context of e-commerce. The method used is causal-comparative with simple random sampling of 106 MSME players. Data were collected through questionnaires and analyzed using SEM-PLS. Structural capital has a significant positive effect on MSME performance, human capital and customer capital have no significant effect, competitive advantage mediates the effect of e-commerce on MSME performance, but not for human capital and customer capital. This study is limited to a sample taken only fromGrobogan Regency, so generalization of the results may be limited. In addition, other external factors that can affect MSME performance are not analyzed in depth. This research uses Grobogan district as the scope of research and focuses on intellectual capital as an effort to improve the performance of MSMEs in Grobogan District.
References
Aisyah, H., Puspita, S., & Elizamiharti, E. (2022). Resource-Based View: MSME Strategy in West Sumatra to Achieve Competitive Advantage. JMD : Dewantara Management & Business Research Journal , 5 (2), 109–120. https://doi.org/10.26533/jmd.v5i2.1029
A’yun, A. Q., Hanum, A. N., & Nurcahyono, N. (2022). Pengaruh Struktur Modal , Likuiditas , dan Ukuran Perusahaan terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening Harga Saham Perusahaan Food and Beverage 2017-2021. Prosiding Seminar Nasional UNIMUS, 5, 408–419.
Agustin, R., Nurcahyono, N., Sinarasri, A., & Sukesti, F. (2023). Financial Ratio and Stock Returns in Indonesia Equity Markets : A Signaling Theory Approach. International Conference on Business, Accounting, Banking, and Economics, 277–292. https://doi.org/10.2991/978-94-6463-154-8
Alfitri, D. N., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Environment Performance, Capital Structure, and Company Size on Financial Performance. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 175. https://doi.org/10.26714/mki.12.2.2022.175-184
Ambarwati, D., & Nurcahyono, N. (2022). The Influence of Capital Structure, Information Technology, and Business Characteristics on SMEs’ Performance During the COVID-19 Outbreak. Islamic Banking, Accounting and Finance International Conference, 2022, 218–226.
Chin, W.W., Marcelin, B.L., & Newsted, P.R. (2003). A partial least squares latent variable modeling approach for measuring interaction effects: Results from a Monte Carlo simulation study and an electronic-mail emotion/adoption study. Information Systems Research , 14 (2). https://doi.org/10.1287/isre.14.2.189.16018
Fauzia, M., & Djumena, E. (2018). Sri Mulyani: MSMEs Absorb 96 Percent of the Workforce . Kompas.Com. https:// Ekonomi.kompas.com/read/2018/10/31/204100326/sri-mulyani--umkm-serap-96-persen-tenaga-kerja
Ghozali, I, & Lantan. (2015). Concepts, Techniques, Applications Using smart PLS 3.0 for Empirical Research . BP UNDIP.
Hair, J.F., Sarstedt, M., Hopkins, L., & Kuppelwieser, V.G. (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. European Business Review , 26 (2), 106–121. https://doi.org/10.1108/EBR-10-2013-0128
Hasmirati, H., & Akuba, A. (2022). The Impact of Human Capital, Structural Capital, and Customer Capital on MSME Business Performance in Tilamuta. JAMIN: Journal of Management Applications and Business Innovation , 4 (2), 201. https://doi.org/10.47201/jamin.v4i2.95
Hudgins, M.R. (2014). The Impact of Intellectual Capital on the Performance of US Property-Casualty Insurance Companies. Business and Economics Journal , 5 (4), 1–6. https://doi.org/10.4172/2151-6219.1000120
Humairoh, H., & Budi, A. (2019). INCREASING SALES PERFORMANCE OF SMEs BASED ON INTELLECTUAL CAPITAL AND PRODUCT INNOVATION (Study of SMEs in Tangerang City, Banten Province). Proceedings of the Multidisciplinary National Symposium (SinaMu) , 1 (Ic), 1–10. https://doi.org/10.31000/sinamu.v1i0.2132
Jatengprov.go.id. (2024). MSME data per district/city . Department of Cooperatives, Small & Medium Enterprises, Central Java Province. https://www.bing.com/ck/a?!&&p=acfecc8ea106b95dJmltdHM9MTcxNjk0MDgwMCZpZ3VpZD0yNWY3ZDUyNS01YjZmLTZmMTgtMDM2Mi1jNmJkNWEzOTZlM2QmaW5zaWQ9NTE4NQ&ptn=3&ver=2&hsh=3& fclid=25f7d525-5b6f-6f18-0362-c6bd5a396e3d&psq=data+umkm+jateng&u=a1aHR0cHM6Ly9zYXR1ZGF0YS5kaW5
Karyanti, BR, & Murwaningsari, E. (2023). The Influence of Green Human Capital, Green Structural Capital on Company Performance with Green Relational as a Moderating Variable. Trisakti Economic Journal , 3 (2), 3115–3124. https://doi.org/10.25105/jet.v3i2.17904
Herianto, R. O., Alfiana, B. Z., Apriliyanti, F., Nurcahyono, N., Jatiningsih, D. E. S., & Wijayanti, P. (2023). What is The Company’s Motivation for Doing CSR? An Analysis of Manufacturing Companies. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 13(2), 209. https://doi.org/10.26714/mki.13.2.2023.209-217
Ifada, L. M., Ghoniyah, N., & Nurcahyono, N. (2023). How Do Tax Avoidance and Profitability Influence a Firm’S Intrinsic Value? Jurnal Akuntansi Multiparadigma, 14(1), 115–125. https://doi.org/10.21776/ub.jamal.2023.14.1.08
Khansa, L., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Liquidity, Leverage, Profitability and Firm size on Financial Distress with GCG as a Moderation Variable. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 143. https://doi.org/10.26714/mki.12.2.2022.143-153
Khasanah, L., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Liquidity, Leverage, Company Size and Fixed Asset Intensity on Tax Aggressiveness. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 154. https://doi.org/10.26714/mki.12.2.2022.154-163
Khasanah, S. N. U., & Nurcahyono, N. (2021). Capacity, Pengaruh Operating Growth, Sales Dan, Arus K A S Terhadap, Leverage Distress, Financial. Jurnal Sustainable, 2(2), 357–371.
Khalique, M., Bontis, N., Shaari, JAN Bin, Yaacob, M.R., & Ngah, R. (2018). Intellectual capital and organizational performance in Malaysian knowledge-intensive SMEs. International Journal of Learning and Intellectual Capital , 15 (1), 20. https://doi.org/10.1504/IJLIC.2018.088345
Lestari, N., & Sapitri, Rosi Candra. (2016). The Influence of Intellectual Capital on Company Value. Polibatam Journal . https://core.ac.uk/outputs/229850916/
Nurcahyono, N., & Purwanto, D. (2024). COVID-19 and the stock Market Crash: Evidence from Indonesia COVID-19 и крах фондового рынка: данные по Индонезии. Finance: Theory and Practice, 28(3), 120–130. https://doi.org/10.26794/2587-5671-2024-28-3-120-130
Nurcahyono, N., & Sinarasri, A. (2023). Earnings Management as an Finance Strategy for Company Image. Jurnal Proaksi, 10(3), 337–351. https://doi.org/10.32534/jpk.v10i3.4476
Nurcahyono, N., Sinarasri, A., Pamungkas, I. D., & Hanum, A. N. (2023a). May intellectual capital and corporate governance reduce the probability of financial distress? Contaduria y Administracion, 70(1), 97–121. https://doi.org/10.22201/fca.24488410e.2025.5169
Nurcahyono, N., Sinarasri, A., Pamungkas, I. D., & Hanum, A. N. (2023b). May intellectual capital and corporate governance reduce the probability of financial distress? Contaduria y Administracion, 70(1), 97–121. https://doi.org/10.22201/fca.24488410e.2025.5169
Nurcahyono, N., Subki, M., & Hardiwinoto. (2021). Faktor-Faktor yang Mempengaruhi Kepatuhan Wajib Pajak: Studi KPP Kota Semarang. Competitive Jurnal Akuntansi Dan Keuangan, 5(2), 233–242.
Ramadhan, A., & Prabowo, D. (2022). Vice President: Almost 90 Percent of Creative Economy Entrepreneurs Do Not Have Intellectual Property Protection . Kompas.Com. https://nasional.kompas.com/read/2022/04/26/16360091/wapres-nyaris-90-persen-pelaku-usaha-economic-kreatif-belum-ampili
Sirojudin, GA, & Nazaruddin, I. (2014). The Influence of Intellectual Capital and Its Disclosure on Company Performance. Journal of Accounting and Finance , 14 (1). https://doi.org/10.9744/jak.14.1.16-31
Viriany, D. (2022). The Influence of Intellectual Capital, Capital Structure on Firm Performance with Corporate Governance Moderation. Journal of Economics , 26 (11), 265–284. https://doi.org/10.24912/je.v26i11.777
Wilantara, F., & Susilawati, R. (2016). MSME Development Strategy & Policy Efforts to Increase the Competitiveness of National MSMEs in the MEA Era. PT Refika Aditama.
