Article Sidebar

Download
PDF
Statistic
Read Counter : 133 Download : 82

Main Article Content

Abstract

In order to better understand the role of social entrepreneurship, government policies, and empowerment initiatives, this study looks at how micromarket structure is created in micro, small, and medium-sized firms (MSMEs) in Indonesia. In order to conduct a survey with a stratified random sample of 215 Indonesian MSMEs, this study used a quantitative technique. Data analysis techniques included partial least squares structural equation modeling (PLS-SEM) and confirmatory factor analysis. The findings demonstrate the important influence of social entrepreneurship, governmental policies, and empowerment programs on the evolution of micro-market structures within the MSME sector. Social entrepreneurship in particular shows the potential of creative and socially conscious business ideas and has a positive effect on market structure. While empowerment programs like loan availability and training help to create a competitive market structure, government policies also have a significant impact on how the market is shaped. Policymakers, business owners, and development organizations that want to support effective and long-lasting market networks in Indonesia's MSMEs sector should take note of these findings.

Keywords

Micro Market Structure Social Entrepreneurship Engagement Government Policy Empowerment, Indonesian MSMEs

Article Details

Creative Commons License

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

By exercising the Licensed Rights, You accept and agree to be bound by the terms and conditions of this Creative Commons Attribution-NonCommercial 4.0 International Public License.

How to Cite
Harisandi, P., Mardiputra, I. M., Hidayah, Z. Z., Ramba, S. J. A., & Purwanto, P. (2024). Creation of Micro Market Structure in MSMEs in Review of Social Entrepreneurship Involvement, Government Policy and Empowerment. Kontigensi : Jurnal Ilmiah Manajemen, 12(1), 231-246. https://doi.org/10.56457/jimk.v12i1.534

References

  1. Adyarta, H. Y., & Puspitasari, E. (2023). Penggunaan Aplikasi Akuntansi Pada UMKM Kota Demak. Ekonomi, Keuangan, Investasi Dan Syariah (EKUITAS), 4(3), 934–941.
  2. Amin, M., Saleh, R., Masitah, M., & Ufayani, N. (2023). MICRO, SMALL, AND MEDIUM ENTERPRISES (MSMES) IN PROSPERITY BUSINESS ACTORS DURING THE COVID-19 PANDEMIC IN THE VILLAGE ANAIWOI. International Journal of Business, Law, and Education, 4(2), 336–351.
  3. Atichasari, A. S., & Marfu, A. (n.d.). The Influence of Tax Policies on Investment Decisions and Business Development of Micro, Small, and Medium-Sized Enterprises (MSMEs) and its Implications for Economic Growth in Indonesia.
  4. Bacuilima, E., Morocho, J., Aguirre, J., Coronel-Pangol, K., & Mora, P. (2023). Financing Ecuadorian Social Enterprises: What Is the Role of Impact Investment? Sustainability, 15(14), 11210.
  5. Banerjee, B. (2023). CHALLENGES AND OPPORTUNITIES FOR MICRO, SMALL, AND MEDIUM ENTERPRISES: NAVIGATING THE BUSINESS LANDSCAPE. The American Journal of Interdisciplinary Innovations and Research, 5(05), 13–17.
  6. Benavides, A. D., Alvarez, K. Q., & de la Garza López, I. L. (2023). Social Entrepreneurship in a Pandemic: Challenges and Opportunities. South Florida Journal of Development, 4(3), 1066–1076.
  7. Bľanda, J., & Urbančíková, N. (2020). Social Entrepreneurship as a Tool of Sustainable Development. Quality Innovation Prosperity, 24(3), 21–36.
  8. Choi, N., & Majumdar, S. (2014). Social entrepreneurship as an essentially contested concept: Opening a new avenue for systematic future research. Journal of Business Venturing, 29(3), 363–376.
  9. Cruzado, S. M. A., Dimaano, I. D. M., Manahan, R. L. L., Medes, J. C., & Villarma, R. V. (2023). Financial constraints: Its impact on access to financing of micro, small, and medium businesses in Calapan City. World Journal of Advanced Research and Reviews, 18(2), 271–280.
  10. Das, S., & Sahu, S. (2023). A Study of SHG as a Model of Social Entrepreneurship in Mayurbhanj District, Odisha. SDMIMD Journal of Management, 14(1).
  11. Djaddang, S., Lysandra, S., Derryawan, D., Salim, F., Susilawati, S., & Syam, M. A. (2023). IMPLEMENTASI PEMASARAN DIGITAL dan APLIKASI AKUNTANSI UKM “BERBASIS ANDROID” BADAN USAHA MILIK DESA (BUMDes) Di Kecamatan TOMO–Kabupaten SUMEDANG. CAPACITAREA: Jurnal Pengabdian Kepada Masyarakat, 3(01), 1–13.
  12. Drobotowicz, K., Truong, N. L., Ylipulli, J., Gonzalez Torres, A. P., & Sawhney, N. (2023). Practitioners’ Perspectives on Inclusion and Civic Empowerment in Finnish Public Sector AI. Proceedings of the 11th International Conference on Communities and Technologies, 108–118.
  13. El-Sayed Ghonem, N. M. (2023). Job Involvement as a Mediating Factor Between Empowerment and Organizational Citizenship Behavior Among Clinical Instructors at Nursing Technical Institutes. SAGE Open Nursing, 9, 23779608231175572.
  14. Faujianto, S. A., Indrayana, A., & Rohmatiah, A. (2023). PENGARUH EFISIENSI PEMESANAN, KEMUDAHAN PEMASARAN, DAN PENETAPAN HARGA PADA PENGGUNAAN E–KATALOG TERHADAP PERKEMBANGAN UMKM DI KABUPATEN MAGETAN. JAMER: Jurnal Akuntansi Merdeka, 4(1), 33–45.
  15. Gaudens-Omer, K. T. (n.d.). Entrepreneurship, Social Environment and Endogenous Growth.
  16. Georgescu, A., Peter, M. K., & Avasilcai, S. (2022). A business ecosystem framework for SME development through associative and non-associative business structures in the digital age. Cogent Business & Management, 9(1), 2143310.
  17. Gigauri, I., Apostu, S.-A., & Popescu, C. (2023). Digital Transformation: Threats and Opportunities for Social Entrepreneurship. In Two Faces of Digital Transformation: Technological Opportunities versus Social Threats (pp. 1–17). Emerald Publishing Limited.
  18. Gunawan, A., & Hudiono, R. K. (2023). Industrial Revolution 4.0’s Information Technology’s Impact on the Growth of MSMEs in the Manufacturing Industries Sector. International Transactions on Education Technology, 1(2), 157–164.
  19. Gunawan, W. Ben, Nisa, S. H., & Gunawan, A. I. (2023). Peningkatan Pengetahuan Strategi Bisnis Usaha Mikro Kecil dan Menengah Kolang-Kaling Di Kelurahan Jatirejo Semarang. Jurnal Dharma Bhakti Ekuitas, 7(2), 112–122.
  20. Guo, L., Gao, W., Wang, T., & Shan, X. (2023). Effects of empowerment education on patients after percutaneous coronary intervention: A meta-analysis and systematic review. Medicine, 102(23).
  21. Handayani, H., Kurniasari, F., & Lestari, E. D. (2023). Analysis of Interest in Becoming Social Entrepreneurs Among the Millennials and Z Generation Using the Theory of Planned Behavior and Outcome Expectation: A Multigroup Analysis Approach. International Journal of Professional Business Review: Int. J. Prof. Bus. Rev., 8(5), 130.
  22. Handayani, M. A., Amalia, C., & Sari, T. D. R. (2022). Pengaruh Pengetahuan Keuangan, Sikap Keuangan dan Kepribadian Terhadap Perilaku Manajemen Keuangan (Studi Kasus pada Pelaku UMKM Batik di Lampung). EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi Dan Bisnis, 10(2), 647–660.
  23. Handoko, B. L., Enrico, J., & Raymond. (2023). Factors That Influence MSMEs to Adopt Technology-Based Accounting Information Systems. Proceedings of the 2023 7th International Conference on E-Commerce, E-Business and E-Government, 203–207.
  24. Harash, E., Bin Yahya, S., Ries Ahmed, E., & Jasem Alsaad, F. (2013). Impact of Government policies in the Influence of Market practices on Financial Performance of small and medium enterprises (SMEs) in Iraq. Journal of Accounting and Business (JAB), 13(2).
  25. Hossain, M., & Shamsuddoha, M. (2020). Social Entrepreneurship: A New Genre of Entrepreneurship. Business Perspective Review, 2(3), 60–68.
  26. Ilyas, M. S. D., Humaira, A., & Adha, N. (2023). An Identity Capital Model Perspective for Social Entrepreneurship Education.
  27. Indriyani, M. R. (2023). Business Coaching to Develop Hi Kuliner Production Processes through Business Model Innovation. International Journal of Social Service and Research, 3(6), 1364–1369.
  28. Iskandar, Y., Joeliaty, J., Kaltum, U., & Hilmiana, H. (2022). Systematic review of the barriers to social enterprise performance using an institutional framework. Cogent Business & Management, 9(1), 2124592.
  29. Islami, F. (2023). STRATEGI USAHA MIKRO KECIL DAN MENENGAH (UMKM) MELALUI DIGITAL MARKETING DI KECAMATAN BALARAJA PADA ERA PANDEMI COVID-19. Lembaran Masyarakat: Jurnal Pengembangan Masyarakat Islam, 9(1), 171–193.
  30. Jamaani, F., Alidarous, M., & Al-Awadhi, A. (2021). The Early Impact of Government Financial Intervention Policies and Cultural Secrecy on Stock Market Returns During the COVID-19 Pandemic: Evidence From Developing Countries. International Journal of Financial Research, 12(2), 401–416.
  31. Kahl, J., de Klerk, S., & Whiteoak, J. (2023). Managing empowerment: adjusting organisational units’ autonomy to achieve corporate agility. Journal of Organizational Effectiveness: People and Performance.
  32. Khan, M. A. I., Syed, A. J., & Azharuddin, S. (2023). Social Entrepreneurship: Driving Change and Creating Positive Societal Impact. Social Entrepreneurship: Driving Change and Creating Positive Societal Impact.
  33. Kumalasari, D., & Sukidjo, S. (2022). Implementation of Micro Business Productive Assistance Program. Economics Development Analysis Journal, 11(4), 454–469.
  34. Leiwakabessy, T. F. F., Ikbal, L., Sihasale, J. R., Risambessy, M. S., Samale, L., & Ananda, G. M. C. (2023). SOSIALISASI DAN PELATIHAN DIGITAL MARKETING BAGI PELAKU UMKM NEGERI HALONG. Pattimura Mengabdi: Jurnal Pengabdian Kepada Masyarakat, 1(3), 158–163.
  35. Lindeque, J., & Samuel, O. (2022). The societal case for small business social responsibility: A review of the evidence of societal impact types and their relevance to stakeholders. The Impact of Corporate Social Responsibility, 44–69.
  36. Mahajan, D. (2023). Technological Upgradation in MSMEs: Moving Towards Innovation and Technology-Driven Marketing Research and Quality Management Standards. In Contemporary Studies of Risks in Emerging Technology, Part B (pp. 313–326). Emerald Publishing Limited.
  37. Marwanto, I. G. G. H., Rahmadi, A. N., & Yap, N. (2023). Evaluation of Micro, Small And Medium Enterprises (MSMES) Financing Policies For MSME Actors In Yogyakarta. Return: Study of Management, Economic and Bussines, 2(05), 456–462.
  38. Milis, K., Peremans, H., & Van Passel, S. (2018). The impact of policy on microgrid economics: A review. Renewable and Sustainable Energy Reviews, 81, 3111–3119.
  39. Mohammad, N., Asnawi, N. H., Ghazali, N., Salleh, N. F., Mohammad, M., & Putit, L. (n.d.). Social Entrepreneurship in Higher Education Institutions in Malaysia: Conceptual Framework.
  40. Mustofa, A. W., & Trisnaningsih, S. (2023). Determinants of the Use of Accounting Information in MSMEs with Environmental Uncertainty as Moderation. Journal of World Science, 2(5), 754–766.
  41. Oktariani, D., & Afif, S. (2023). The Influence of Human Resource Competence and Financial Aspects on the Performance of MSMEs in the Cirendeu Village Area, South Tangerang. ENDLESS: INTERNATIONAL JOURNAL OF FUTURE STUDIES, 6(2), 278–287.
  42. Orlando, G. F., & Sihombing, S. (2022). Social Entrepreneurial Orientation Impact On Social Entrepreneurial Intention Mediated Social Entrepreneurial Attitudes. Jurnal Manajemen, 26(3), 533–566.
  43. Pillay, D. (2000). An investigation into clustering/linkages as a strategy to enhance the competitive performance of small, medium and micro furniture manufacturing firms in Kwa-Zulu Natal.
  44. Premadasa, M., Siyambalapitiya, J., Jayawardhana, K., & Fernando, I. (2023). Conceptualizing the Role of Social Entrepreneurial Orientation in the Triple Bottom Line in the Social Enterprise Context: Developing Country Perspective. Sustainability, 15(11), 8759.
  45. Purkayastha, D., Tripathy, T., & Das, B. (2014). The Impact of Regulations on Microfinance Industry: A Strategic Perspective. IUP Journal of Business Strategy, 11(3).
  46. Putri, A. J., & Bangun, M. Y. R. (2019). Identifying Environmental, Social, and Governance (ESG) Implementation towards Growth and Sustainability: A Case Study at Assisted Micro, Small, and Medium Enterprise (MSME) by Bank Indonesia.
  47. Putri, A. R., Saadah, D. M., Nurkamillah, I., Yonathan, S., Yuliana, S. S., & Firmansyah, R. (2023). Peran E-commerce Sebagai Media Komunikasi Bisnis Dalam Peningkatan Penjualan UMKM Salaut Di Universitas Teknologi Digital. Jurnal Kajian Dan Penelitian Umum, 1(3), 1–16.
  48. Putri, R., Amrulloh, M. C., Sutrisno, J., Saptana, S., & Dani, N. L. (2023). Government Policy Strategy towards Empowering MSMEs in the Covid-19 Pandemic at the Bulak Fish Market Center, Surabaya City. Athena: Journal of Social, Culture and Society, 1(3), 93–101.
  49. Rathod, H. S., Dixit, T., Huda, M., & Maseleno, A. (n.d.). Market Innovations Driving Competitive Advantage in MSMEs: an Extensive Literature Review. International Journal of Health Sciences, III, 6457–6469.
  50. Risambessy, A. (2023). Influence Of Innovative Leadership On Work Culture And Empowerment At The Department Of Industry And Trade Maluku Province. International Journal Of Humanities Education and Social Sciences (IJHESS), 2(4).
  51. Risnawati, R., Fauzar, S., Rahman, A., Andi, A., Mahyansah, M. F., & Hia, T. J. (2022). BUSINESS INNOVATION IN MICRO, SMALL, MEDIUM ENTERPRISES (MSMEs)(CASE STUDY ON PUTZA COFFEE SHOP). Proceeding of The International Conference on Economics and Business, 1(2), 448–462.
  52. Rochayatun, S., Pratikto, H., Wardoyo, C., & Handayati, P. (2023). Competitive advantage as a mediating variable of corporate social responsibility programs’ effect on SME sustainability. Journal of Social Economics Research, 10(2), 34–46.
  53. Saad, N. A., Kac, S. M., & Elgazzar, S. (2023). Linking Supply Chain Management Practices of Micro, Small, and Medium-Sized Enterprises to Customer Relationship Management Objectives: A Proposed Framework. Business Perspectives and Research, 22785337221148892.
  54. Sunyoto, D., Kalijaga, M. A., & Hadi, S. (2023). Improving The Economic Capability Of The Village Community Through Msme Karanggeneng Makmur, Sleman, Yogyakarta. EMPOWERING HUMANITY, 1(1), 54–61.
  55. Suroso, S., & Suherman, E. (2023). Peran Kompetensi Kewirausahaan pada Karakteristik Kewirausahaan Terhadap Kinerja Usaha UMKM (Studi Empiris: Pedagang UKM Desa Jatibaru). Ekonomis: Journal of Economics and Business, 7(1), 189–198.
  56. Thapa, B. S., & Chowdhary, S. (2022). Impact of microfinance on the empowerment of women entrepreneurs in Rupandehi District, Nepal. Journal of Business and Management, 6(01), 100–115.
  57. Wen, J., Farooq, U., Tabash, M. I., El Refae, G. A., Ahmed, J., & Subhani, B. H. (2021). Government green environmental concerns and corporate real investment decisions: Does financial sector development matter? Energy Policy, 158, 112585.