Business Institutional Model in the Omnibus Law Cluster as an Effort to Develop SMEs

DOI

10.2991/978-2-38476-090-9_28How to use a DOI?

Keywords

Models; Institutions; Development; SMEs and Omnibus Law

Abstract

The purpose of this study was to identify and analyze the LAW Omnibus Cluster Business Institutional model as an effort to increase the specialization of SMEs in North Sumatra Province. This institutional model can be seen from the entrepreneurial process, entrepreneurial competence, modifying the entrepreneurial model and developing legal instruments for business institutions and cooperatives. This research design uses a quantitative research approach in exploiting the model. The data analysis technique used descriptive method. Quantitative Design using SEM-PLS approach. The object of this research is SMEs business actors in North Sumatra Province by applying the cluster sampling method totaling 406 SMEs in North Sumatra. The results of this study proved that there was no significant effect of Innovation on the Development of SMEs. A negative path coefficient indicates that innovation from SMEs has not been able to increase the development of SMEs. Institutional Facilitators have influence on the Development of SMEs. The value of a positive path relationship indicates that the more effective the Institutional Facilitator, the better the development of SMEs. There is a significant influence of SMEs Characteristics on the Development of SMEs. The positive path coefficient indicates the better the SMEs Characteristic, the better the Development of SMEs. The results of the moderation test are able to prove that the Policy-Driven Cluster cannot moderate the relationship between the Institutional Facilitator and SMEs Development. There is a significant effect of SMEs Characteristic on the Development of SMEs moderated by the Policy-Driven Cluster. SMEs moderated by Policy-Driven Cluster.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Henry Aspan
AU  - Abdi Setiawan
AU  - Irawan
PY  - 2023
DA  - 2023/08/01
TI  - Business Institutional Model in the Omnibus Law Cluster as an Effort to Develop SMEs
BT  - Proceedings of the Fifth Annual International Conference on Business and Public Administration (AICoBPA 2022)
PB  - Atlantis Press
SP  - 343
EP  - 357
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-090-9_28
DO  - 10.2991/978-2-38476-090-9_28
ID  - Aspan2023
ER  -