Indonesian Journal of Law and Economics Review
Vol 19 No 2 (2024): May
Finance Management

Empowering MSMEs Globally with Digital Literacy and Financial Resilience Strategies
Memberdayakan UMKM secara Global dengan Literasi Digital dan Strategi Ketahanan Finansial


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  • Muhammad Agil Hidayat Husni Noor,
  • Sriyono Sriyono*
Muhammad Agil Hidayat Husni Noor
Program Studi Manajemen, Universitas Muhammadiyah Sidoarjo, Indonesia, Indonesia
Sriyono Sriyono
Faculty of Business, Law, and Social Sciences, Universitas Muhammadiyah Sidoarjo, Indonesia *

(*) Corresponding Author
Picture in here are illustration from public domain image or provided by the author, as part of their works
DOI: https://doi.org/10.21070/ijler.v19i2.1124
Published June 4, 2024
Keywords
  • MSMEs,
  • Capital Management,
  • Digital Literacy,
  • Risk Management,
  • Pandemic
How to Cite
Noor, M. A. H. H., & Sriyono, S. (2024). Empowering MSMEs Globally with Digital Literacy and Financial Resilience Strategies. Indonesian Journal of Law and Economics Review, 19(2), 10.21070/ijler.v19i2.1124. https://doi.org/10.21070/ijler.v19i2.1124

Copyright (c) 2024 Muhammad Agil Hidayat Husni Noor, Sriyono Sriyono

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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Abstract

This study investigates the impact of Capital Management, Digital Literacy, Risk Management, and Record-Keeping Transaction Finance on Micro, Small, and Medium Enterprises (MSMEs) during the pandemic in Sidoarjo's Food and Beverage sector. Using a sample of 115 MSMEs, the study reveals that Capital Management, Digital Literacy, and Record-Keeping Transaction Finance positively influence MSME finance performance, while Risk Management shows no significant impact. The findings underscore the importance of effective financial strategies and digital literacy in bolstering MSME resilience during challenging times, offering practical insights for policymakers and stakeholders aiming to support MSME growth and sustainability.

 

Highlight: 

  1. Financial resilience through strategic management empowers MSMEs during crises.
  2. Digital literacy fuels MSME growth, enhancing online marketing and engagement.
  3. Understanding risk management is vital for MSME sustainability and success.
 

 

Keyword:  MSMEs, Capital Management, Digital Literacy, Risk Management, Pandemic

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