The Effect of Enterprise Risk Management Implementation on the Sustainable Business Performance of MSME Tapis in Bandar Lampung
DOI:
https://doi.org/10.5281/zenodo.13845670Keywords:
ERM, Sustainable Performance, Tapis Creative Industry, MSMEsAbstract
The Tapis industry MSMEs in Bandar Lampung City frequently encounter challenges that hinder their survival, growth, and development. These challenges include issues related to human resource capabilities, product innovation, financing, and marketing, which impede their ability to compete, particularly against larger companies. This study aims to assess the impact of various dimensions of Enterprise Risk Management (ERM) on the performance of the creative Tapis industry in Bandar Lampung. Data for the study were collected through a questionnaire and analyzed using simple linear regression analysis, with a sample of 100 MSMEs in Bandar Lampung City. Descriptive analysis of each ERM dimension indicates that, in general, the Tapis MSMEs studied have implemented ERM practices to a satisfactory degree. The results from the simple linear regression analysis reveal a coefficient of determination of 0.191, indicating that 19.1% of the sustainable performance of Tapis MSMEs can be attributed to ERM practices. The significance level obtained is notably low at 0.001, suggesting that the implementation of ERM is effective in enhancing sustainable performance. In conclusion, Enterprise Risk Management (ERM) has a positive and significant effect on the sustainable business performance of Tapis industry MSMEs in Bandar Lampung, particularly in the dimensions of the internal environment, information and communication, and monitoring.
Downloads
References
Agustina, L., & Baroroh, N. (2016). The relationship between Enterprise Risk Management (ERM) and firm value mediated through the financial performance. Review of Integrative Business and Economics Research, 5 (1), 128–138.
Agustina, T., Butarbutar, M., Sherly, Alexandro, R., & Junianto Karsudjono, A. (2021). The key to MSMEs ability to survive the Covid-19 pandemic (Case studies in Indonesia). Turkish Online Journal of Qualitative Inquiry (TOJQI), 12 (6), 4508–4515. http://lipi.go.id/berita/survei-kinerja-umkm-di-masa-pandemi-covid19/22071
Alyas, & Rakib, M. (2017). Strategi pengembangan usaha kecil dan menengah dalam penguatan ekonomi kerakyatan (Studi kasus pada usaha roti Maros di Kabupaten Maros). Sosiohumaniora, 19 (2), 114–120. https://doi.org/10.24198/sosiohumaniora.v19i2.12249
Beck, T. (2007). Financing constraints of SMEs in developing countries: Evidence, determinants and solutions. Financing Innovation-Oriented Businesses to Promote Entrepreneurship, April, 1–35.
Billah, T., Madjid, N., Ryan Maulana, M., Jecona Diwanto, A., Mutiara Putri, S., Artikel, K., Kunci, K., & Masyarakat, P. (2022). Pelatihan branding guna meningkatkan eksistensi UMKM Kelurahan Tanggung. Jurnal Pengabdian Pada Masyarakat, 2 (2), 1515–1519.
Callahan, C., & Soileau, J. (2017). Does enterprise risk management enhance operating performance? Advances in Accounting, 37, 122–139. https://doi.org/10.1016/j.adiac.2017.01.001
Djamil, N., & Anggraini, M. (2023). Suppressing the Level of Corruption in Kampar District: A Study of The Impact of Accountability, Audit Opinions, Publication of Financial Statements, Audit Results And Follow-Up Of Audit Results. InJEBA : International Journal of Economics, Business and Accounting, 1(1), 11–25. https://doi.org/10.5281/zenodo.10538909
Eikenhout, L. (2015). Risk management and performance in insurance companies. Master Thesis, 1–77.
Eniola, A. A., & Entebang, H. (2015). Financial literacy and SME firm performance. International Journal of Research Studies in Management, 5(1). https://doi.org/10.5861/ijrsm.2015.1304
Florio, C., & Leoni, G. (2017). Enterprise risk management and firm performance: The Italian case. British Accounting Review, 49 (1), 56–74. https://doi.org/10.1016/j.bar.2016.08.003
Ghozali, I. (2018). Aplikasi analisis multivariate dengan program IBM SPSS 25.
Gopang, M. A., Nebhwani, M., Khatri, A., & Marri, H. B. (2017). An assessment of occupational health and safety measures and performance of SMEs: An empirical investigation. Safety Science, 93, 127–133. https://doi.org/https://doi.org/10.1016/j.ssci.2016.11.024
Hoyt, R. E., & Liebenberg, A. P. (2001). The value of enterprise risk management. The Journal of Risk and Insurance, 78 (4), 798. http://ssrn.com/abstract=1155218
Huljannah, M., & Djamil, N. (2024). Abnormal Audit Fee pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2021-2022 dan Faktor yang Mempengaruhinya. Jurnal Rumpun Ilmu Ekonomi, 2(1), 48–65. https://doi.org/10.5281/zenodo.10797170
Irhandayaningsih, A. (2015). Peranan Pancasila dalam menumbuhkan kesadaran nasionalisme generasi muda di era global. Humanika, 3 (2), 54–67. http://repositorio.unan.edu.ni/2986/1/5624.pdf
Irjayanti, M., & Azis, A. M. (2012). Barrier factors and potential solutions for Indonesian SMEs. Procedia Economics and Finance, 4 (Icsmed), 3–12. https://doi.org/10.1016/s2212-5671(12)00315-2
Isbandiyah, I., & Supriyanto, S. (2019). Pendidikan karakter berbasis budaya lokal Tapis Lampung sebagai upaya memperkuat identitas bangsa. Kaganga: Jurnal Pendidikan Sejarah dan Riset Sosial-Humaniora, 2 (1), 29–43. https://doi.org/10.31539/kaganga.v2i1.673
Mustapha, M., & Adnan, A. (2015). A case study of enterprise risk management implementation in Malaysian construction companies. International Journal of Economics and Financial Issues International Journal of Economics and Financial Issues International Journal of Economics and Financial Issues, 5 (5), 70–76.
Ngesti, M., & Djamil, N. (2024). Government Auditors’ Capabilities to Detect Fraud and The Factors that Influence Them . InJEBA : International Journal of Economics, Business and Accounting, 2(1), 59–75. https://doi.org/10.5281/zenodo.10802822
Otero González, L., Durán Santomil, P., & Tamayo Herrera, A. (2020). The effect of enterprise risk management on the risk and the performance of Spanish listed companies. European Research on Management and Business Economics, 26 (3), 111–120. https://doi.org/10.1016/j.iedeen.2020.08.002
Pangestu, M. E. (2008). Hasil konvensi pengembangan ekonomi kreatif 2009-2015. Pengembangan Ekonomi Kreatif Indonesia 2025, 1–27.
Stiadi, D., Jikrillah, S., & Ziyad, M. (2021). Muhammad Ziyad (Fakultas Ekonomi Dan Bisnis Universitas Lambung Mangkurat). Jurnal Wawasan Manajemen, 9 (2), 134–141.
Sudiarta, I. P. L. E., Kirya, I. K., & Cipta, W. (2014). Analisis faktor-faktor yang mempengaruhi kinerja usaha mikro kecil dan menengah (UMKM) di Kabupaten Bangli. Jurnal Manajemen Indonesia, 2 (1).
Sugiyono. (2015). Metode penelitian pendidikan: Pendekatan
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Muhammad Luthfi Nurkasya, Mahrinasari MS
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
