The Impact of Digital Finance, Financial Constraints, and Risk Perception of Digital Financial Services on SME Performance: an Empirical Study of SMEs in the Creative Economy Sector on Lombok Island

Siti Nur Halimah; Embun Suryani

doi:10.55927/jfbd.v4i1.59

Authors

Siti Nur Halimah Univeritas Mataram
Embun Suryani Univeritas Mataram

DOI:

https://doi.org/10.55927/jfbd.v4i1.59

Keywords:

Digital Finance, SME Performance, Financial Constraints, Risk Perception, Creative Economy

Abstract

This study aims to examine the impact of digital finance, financial constraints, and risk perception on the performance of SMEs. Data was collected through a survey of 131 SMEs in the creative economy sector on Lombok Island that utilize digital financial services in their business operations. Purposive sampling and accidental sampling techniques were used in sample selection, while data analysis was conducted using Statistical Package for the Social Sciences (SPSS) and Structural Equation Modeling-Partial Least Squares (SEM-PLS). The study results show that digital finance positively and significantly impacts SME performance. Financial constraints do not have a significant effect, and risk perception positively and significantly impacts SME performance. These findings emphasize that digital finance improves SME performance and drives economic growth through increased business efficiency and market competitiveness.

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