Main Article Content
Abstract
The issuance of Law Number 20 of 2008 concerning MSMEs which was revised again into Government Regulation Number 7 of 2021 regulating the convenience, protection and empowerment of MSMEs is considered to be less than optimal. Many millennials open MSMEs but do not last long due to discontinuous demand, capital constraints and limited raw materials. Several policies have been taken by the government to protect MSMEs to develop and survive, but they have not run optimally as expected. Therefore, this study was conducted with the aim of directly or indirectly determining the influence of product innovation and digital marketing on MSME performance through risk taking as an intervening variable on MSMEs in Banyuwangi Regency. This study is a quantitative study with a research population of MSMEs selling food in Banyuwangi Regency. The population in this study were MSMEs in Banyuwangi Regency who received assistance from the Industry, Trade and Cooperatives Service totaling 1263 MSMEs. The sampling technique used nonprobability sampling with a purposive sampling technique to obtain a sample of 125 MSMEs. The sample of this study is MSMEs in Banyuwangi Regency that sell food and use digital marketing with a population of 125 business units. The analysis technique used is the Structural Equation Model (SEM) using WarpPLS 7.0. The results of data analysis show that the product innovation variable does not have a significant effect on risk taking, digital marketing has a significant effect on risk taking, product innovation has a significant effect on MSME performance, digital marketing has a significant effect on MSME performance, risk taking does not have a significant effect on MSME performance. Indirectly, product innovation and digital marketing have a significant effect on MSME performance through risk taking.
Keywords
Article Details

This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
- Aini, S. Q., Widarwati, E., Nurmalasari, N., Wityasminigsih, E., & Artikel, H. (2023). THE EFFECT OF DIVERSIFICATION ON PERFORMANCE AND RISK (Case on Shariah Bank in Indonesia Period 2019-2020). Islamic Economic, Accounting, and Management Journal (Tsarwatica, 05, 18–27.
- Ajzen, I. (2011). The Theory Of Planned Behaviour: Reactions and Reflections. Psychology & Health. https://doi.org/https://doi.org/10.1080/08870446.2011.61399
- Amir, N., Sudibyo, R., & Hasanah, M. (2020). Pengaruh Penggunaan Digital Marketing terhadap Kinerja Pedagang Bunga di Desa Sidomulyo, Kota Batu. Jurnal Ekonomi Pertanian Dan Agribisnis, 4(2), 373–383. https://doi.org/10.21776/ub.jepa.2020.004.02.15
- Anderson, J., & Hidayah, N. (2023). Pengaruh Kreativitas Produk, Inovasi Produk, dan Kualitas Produk terhadap Kinerja UKM. Jurnal Manajerial Dan Kewirausahaan, 5(1), 185–194. https://doi.org/10.24912/jmk.v5i1.22566
- Boonmalert, W., Ayasanond, C., Phoothong, B., & Chaitorn, T. (2021). A Causal Influence Model of Innovation and Digital Marketing on the Small and Medium Enterprise (SME) Performance in Thailand. European Journal of Molecular & Clinical Medicine, 8(3), 63–72.
- Dai, D., Han, S., Zhao, M., & Xie, J. (2023). The Impact Mechanism of Digital Transformation on the Risk-Taking Level of Chinese Listed Companies. Sustainability (Switzerland), 15(3), 1–20. https://doi.org/10.3390/su15031938
- Dewi, I. K., R.Pandin, M. Y., & Daeng GS, A. (2022). Peningkatan Kinerja Umkm Melalui Pengelolaan Keuangan. JEA17: Jurnal Ekonomi Akuntansi, 7(01), 23–36. https://doi.org/10.30996/jea17.v7i01.6551
- Diana, D., Hakim, L., & Fahmi, M. (2022). Analisis Faktor Yang Mempengaruhi Kinerja Umkm Di Tangerang Selatan. Jurnal Muhammadiyah Manajemen Bisnis, 3(2), 67. https://doi.org/10.24853/jmmb.3.2.67-74
- Effendi, M. R., Bakar, R. A., & Bachri, N. (2023). Pengaruh Pemasaran Digital Terhadap Kinerja Umkm Di Kota Lhokseumawe Dengan Inovasi Produk Sebagai Variabel Intervening. J-MIND (Jurnal Manajemen Indonesia), 7(2), 107. https://doi.org/10.29103/j-mind.v7i2.6576
- Elim, Y. V., Nugraha, M., Umar, Z., & Modena, A. R. (2024). Dampak Digital Marketing Terhadap Kinerja UMKM Di Kota Kupang Pada Masa Pandemi Covid-19. 17(1), 97–110.
- erkut Altindag, Cemal Zehir, A. Z. A. (2011). Strategic Orientations and Their Effects On Firm Performance in Turkish Family Owned Firms. 1, 18–36.
- Fadhillah, Y., Yacob, S., & Lubis, T. A. (2021). Orientasi Kewirausahaan, Inovasi Produk, Dan Media Sosial Terhadap Kinerja Pemasaran Dengan Keunggulan Bersaing Sebagai Intervening Pada Ukm Di Kota Jambi. Jurnal Manajemen Terapan Dan Keuangan, 10(01), 1–15. https://doi.org/10.22437/jmk.v10i01.12175
- Firnalista, N., Nofialdi, & Azriani, Z. (2020). Impact of Entrepreneurial Characteristics and Access to Credit on Business Performance of Small Business (Case: Brown Sugar Processing in Agam District). Indonesian Journal of Agricultural Research, 3(1), 56–64. https://doi.org/10.32734/injar.v3i1.4289
- Gunawan, E. F., & Puspitowati, I. (2019). Pengaruh Self Efficacy Dan Risk Taking Terhadap Intensi Berwirausaha Mahasiswa Universitas Tarumanagara. Jurnal Manajerial Dan Kewirausahaan, 1(3), 438. https://doi.org/10.24912/jmk.v1i3.5354
- Hasna, N. (2021). Pengaruh Inovasi Produk, Inovasi Proses dan Inovasi Layanan Terhadap Kinerja UMKM. Journal Business and Economics Conference in Utilization of Modern Technology, 17(1), 713–719. https://journal.unimma.ac.id/index.php/conference/article/view/4693
- Hermawan, H. (2017). PENGARUH DAYA TARIK WISATA, KESELAMATAN, DAN SARANA WISATA TERHADAP KEPUASAN SERTA DAMPAKNYA TERHADAP LOYALITAS WISATAWAN : Studi Community Based Tourism di Gunung Api Purba Nglanggeran. Jurnal Media Wisata, 15(1), 562.
- Jannah, M., Irawati, A. S., & Purnomo, H. (2019). Pengaruh Orientasi Kewirausahaan Dan Inovasi Produk Terhadap Kinerja UMKM Batik Gedog Khas Tuban. Eco-Entrepreneurship, 5(1 Juni 2019), 33–48.
- Kadarusman, K., & Rosyafah, S. (2022). Innovativeness, Risk-Taking, Proactiveness, and Firm Performance with Learning Organizations as Mediating Variables. Matrik : Jurnal Manajemen, Strategi Bisnis Dan Kewirausahaan. https://doi.org/10.24843/matrik:jmbk.2022.v16.i01.p04
- Kholid Murtadlo. (2021). Peran Human Capital, Structural Capital, Relational Capital Dan Digital Marketing Terhadap Kinerja UMKM. Sketsa Bisnis, 8(1), 47–62. https://doi.org/10.35891/jsb.v8i1.2635
- Kitsios, F., Mitsopoulou, E., Moustaka, E., & Kamariotou, M. (2022). User-Generated Content behavior and digital tourism services: A SEM-neural network model for information trust in social networking sites. International Journal of Information Management Data Insights, 2(1), 100056. https://doi.org/10.1016/j.jjimei.2021.100056
- Komariah, N. S., Nursal, M. F., & Rianto, M. R. (2022). Pengaruh Inovasi dan Media Sosial terhadap Kinerja UMKM Makanan Halal di Kota Bekasi Utara. Jurnal Ilmiah Ekonomi Islam, 8(2), 2247. https://doi.org/10.29040/jiei.v8i2.5957
- Krismailinda, A. D. (2022). KINERJA UMKM DALAM PERSPEKTIF FINANCIAL LITERACY DAN FINANCIAL INCLUSION YANG DIMODERASI OLEH RISK TAKING. Science, 7(1), 1–8.
- Lakuma, C. P., Marty, R., & Muhumuza, F. (2019). Financial inclusion and micro, small, and medium enterprises (MSMEs) growth in Uganda. Journal of Innovation and Entrepreneurship, 8(1), 1–20. https://doi.org/10.1186/s13731-019-0110-2
- Lestari, P., Hasanah, U., Sri, R. A., Ma, W., Program, S., Akuntansi, F., Ekonomi, D., Bisnis, U., Jenderal, S., & Purwokerto, I. (2021). Determinan Kinerja Umkm Industri Kreatif: Aspek Sumber Daya Manusia Dan Risk-Taking. Jurnal Riset Akuntansi Dan Keuangan, 9(2), 253–266. https://doi.org/10.17509/jrak.v9i2.30485
- Liu, M., Li, C., Wang, S., & Li, Q. (2023). Digital transformation, risk-taking, and innovation: Evidence from data on listed enterprises in China. Journal of Innovation and Knowledge, 8(1), 100332. https://doi.org/10.1016/j.jik.2023.100332
- Liu Wen, , Wang, H., Feng, D., Zhang, G., Liu, Y., Wang, J., & Zou, L. (2023). Iron-based Soft Magnetic Materials Fabricated by Laser Additive Manufacturing. Engineered Science, 22, 1–8. https://doi.org/10.30919/es8d809
- Lorensa, E., & Hidayah, N. (2022). Pengaruh Inovasi Produk, Orientasi Pasar dan Media Sosial terhadap Kinerja UMKM Fashion. Jurnal Manajerial Dan Kewirausahaan, 4(3), 739–748. https://doi.org/10.24912/jmk.v4i3.19768
- Luthfiah, L., Wibowo, A., Penelitian, J., & Jbe, E. (2024). Pengaruh Orientasi Kewirausahaan Terhadap Perkembangan UMKM : The Peran Mediasi Pemanfaatan Fasilitas Kredit dan Digital Pemasaran Machine Translated by Google. 5(1), 33–47. https://doi.org/10.47065/jbe.v5i1.4877
- Mahardika, G. I. S., Kurniawan, A., & Darmayanti, E. F. (2023). Pengaruh Literasi Keuangan, Orientasi Pasar Dan Inovasi Produk Terhadap Kinerja Umkm Pada Pelaku Usaha Kuliner Di Kota Metro. RISTANSI: Riset Akuntansi, 4(1), 53–67. https://doi.org/10.32815/ristansi.v4i1.1723
- Marbun, D. S. N., & Simanjuntak, M. (2021). Pengaruh Digital Marketing terhadap Peningkatan Kinerja Pemasaran UMKM Pariwisata di Kabupaten Toba Indonesia. Prosiding Seminar Nasional Ekonomi Dan Bisnis, 1(2020), 130–142. https://doi.org/10.33479/sneb.v1i.125
- Melani, S. I., & Nasution, L. (2022). Pengaruh Karakteristik Kewirausahaan Dan Inovasi Terhadap Keberhasilan Usaha Pada Umkm Kuliner Di Lapangan Segitiga Lubuk Pakam. Jurnal Ilmiah METADATA, 4(2), 328–343. https://doi.org/10.47652/metadata.v4i2.186
- Meylianingrum, K., Fa, E., Fahmi, E., & Jaya, T. J. (2023). Optimization of Digital Branding and Marketing for Gempol MSMEs Through WhatsApp Business Optimalisasi Digital Branding dan Marketing pada UMKM Gempol Melalui WhatsApp Business. 7(6), 2019–2024.
- Muhammad Taufiq, Rida Prihatni, & Etty Gurendrawati. (2020). Pengaruh Inovasi Produk, Kualitas Produk dan Penggunaan Sistem Akuntansi Terhadap Kinerja UMKM. Jurnal Akuntansi, Perpajakan Dan Auditing, 1(2), 204–220. https://doi.org/10.21009/japa.0102.05
- Prajogo, B., & Tahang, M. (2023). Pengaruh Kepemimpinan Transformasional, Budaya Organisasi, dan Inovasi terhadap Kinerja Keuangan Perusahaan. Judicious, 4(1), 83–91. https://doi.org/10.37010/jdc.v4i1.1248
- Prasetyo, T. D., Istiatin, I., & Mursito, B. (2020). Keputusan Pembelian E-Commerce Shopee Ditinjau Dari Website Quality, Inovasi Produk, Dan Electronic Word of Mouth (Studi Pada Mahasiswa Fakultas Ekonomi Universitas Islam Batik Surakarta). Jurnal Ilmiah Edunomika, 4(02), 886–893. https://doi.org/10.29040/jie.v4i02.1261
- Putri, Lutfiyah AndikaNur, R. B. H. (2020). Pengaruh Inovasi, Pengambilan Risiko, Reaksi Proaktif Terhadap Kapabilitas Pemasaran Ukm Kuliner Di Kecamatan Lowokwaru Malang. E – Jurnal Riset Manajemen, 11(1), 1–5.
- Putri, N. S., Bahri, S., & Rambe, M. F. (2023). PENGARUH BEBAN KERJA DAN BUDAYA KERJA TERHADAP KINERJA PEGAWAI DENGAN MOTIVASI SEBAGAI VARIABEL MODERATING PADA KANTOR BADAN PUSAT STATISTIK KABUPATEN DELI SERDANG PENGARUH BEBAN KERJA DAN BUDAYA KERJA TERHADAP KINERJA PEGAWAI. MANEGGGGIO: Jurnal Ilmiah Magister Manajemen, 6(September), 222–235.
- Rahim, U. K. (2023). Pengaruh Promosi dan Inovasi Produk Terhadap Kinerja Pemasaran Melalui Citra Merek Pada KM Pakaian Muslimah di Kota Makassar. Jurnal Ilmiah Multidisiplin AMSIR, 1(2), 322–332.
- Ramadhani, F., Kusumah, A., & Hardilawati, W. L. (2022). Pengaruh Inovasi Produk, Orientasi Pasar Dan Marketing Digital Terhadap Kinerja Pemasaran Umkm Pada Masa Pandemi Covid-19 Di Pekanbaru. Economics, Accounting and Business Journal, 2(2), 344–354.
- Ranto, D. W. P. (2016). Pengaruh Orientasi Kewirausahaan Terhadap Kinerja UMKM Bidang Kuliner di Yogyakarta. Jbma, 3(2), 1–11.
- Ratnawati, K. (2020). The Influence of Financial Inclusion on MSMEs’ Performance Through Financial Intermediation and Access to Capital. Journal of Asian Finance, Economics and Business, 7(11), 205–218. https://doi.org/10.13106/jafeb.2020.vol7.no11.205
- Rike Selviasari, & Sudarmiatin. (2024). The Role of Entrepreneurial Marketing, Digital Marketing Through Product Innovation on SMEs Business Performance. Jurnal Manajemen Bisnis, Akuntansi Dan Keuangan, 3(1), 97–108. https://doi.org/10.55927/jambak.v3i1.9245
- Rivai, A. K., Kumagai, T., & Takahashi, M. (2008). Performance of oxygen sensor in lead-bismuth at high temperature. Progress in Nuclear Energy, 50(2–6), 575–581. https://doi.org/10.1016/j.pnucene.2007.11.043
- Rusyida, W. Y. (2022). Pengaruh Kemampuan Manajerial, Literasi Keuangan, dan Mitigasi Risiko Terhadap Keberlangsungan Usaha UMKM. Wawasan : Jurnal Ilmu Manajemen, Ekonomi Dan Kewirausahaan, 1(1), 01–19. https://doi.org/10.58192/wawasan.v1i1.181
- Safira, N., Sofyan, S., & Puspita, V. (2024). Pengaruh Orientasi Pasar, Kreativitas dan Inovasi Produk terhadap Kinerja Pemasaran UMKM Kerupuk Tuiri di Kota Bengkulu. VISA: Journal of Vision and Ideas, 4(3), 67–82. https://doi.org/10.47467/visa.v4i3.3813
- Sahir, S. H. (2022). Buku ini di tulis oleh Dosen Universitas Medan Area Hak Cipta di Lindungi oleh Undang-Undang Telah di Deposit ke Repository UMA pada tanggal 27 Januari 2022.
- Saputra, H. T. M. R. A. (2024). Penerapan Digital Marketing Sebagai Strategi Pemasaran Untuk Meningkatkan Daya Saing UMKM. MANTAP: Journal of Management Accounting, Tax and Production, 2(1), 109–118. https://doi.org/10.57235/mantap.v2i1.1592
- Setyowati, R., Rahadhini, M. D., & Sarwono, A. E. (2022). Pengaruh Orientasi Pasar, Inovasi Produk Dan Inklusi Keuangan Terhadap Kinerja Ukm. Jurnal Riset Entrepreneurship, 5(1), 1. https://doi.org/10.30587/jre.v5i1.3311
- Sulistiyo, A., Putranto, A., & Hartiyah, S. (2022). Pengaruh Literasi Keuangan, Kompetensi Sumberdaya Manusia, Inovasi Produk, Dan Akses Pemasaran Terhadap Kinerja UMKM Di Kabupaten Wonosobo. Jamasy: Jurnal Akuntansi, Manajemen & Perbankan Syariah, 2(1), 64–74.
- Susdiani, L. (2020). Analysis The Influence Of Innovations To Micro, Small, And Medium Enterprise Performance Of Creative Industry In Padang City. Jurnal Ilmiah Manajemen, 450(4), 450–465.
- Wijaya, W. (2024). PENGARUH PENGGUNAAN APLIKASI E-COMMERCE DAN INOVASI DENGAN PENGAMBILAN RI... 829–841.
- Winarsih, W., Winarti, W., Machmuddah, Z., & Tahar, E. B. (2021). The Relationship between Capital Financial, Accounting Capability and Micro-, Small- and Medium-Sized Enterprises’ (MSMEs) Financial Performance in Indonesia. Jurnal Dinamika Akuntansi Dan Bisnis, 8(2), 229–242. https://doi.org/10.24815/jdab.v8i2.21425
- Yuefen, H., Long, C. S., & Kian, T. S. (2024). The Influence of Entrepreneurial Orientation on SME Firm Performance: A Conceptual Model. International Journal of Academic Research in Business and Social Sciences, 14(4), 989–998. https://doi.org/10.6007/ijarbss/v14-i4/21163
- Yunus, M. H., Mahfudnurnajamuddin, Semmaila, B., & Dewi, R. (2022). Pengaruh Risiko Bisnis, Literasi Keuangan dan Inklusi Keuangan Terhadap Kinerja Keuangan dan Keberlangsungan Usaha pada Sektor Usaha Mikro, Kecil dan Menengah di Kota Palopo. Journal of Management Science (JMS), 3(2), 168–199.