
The Implication of Balinese Local Wisdom and Entrepreneurship Orientation of Financial Resources and SMEs Profitability of Silver Crafts

(1) Faculty of Economics and Business, Warmadewa University, Denpasar, Bali,, Indonesia
(2) Faculty of Economics and Business, Warmadewa University, Denpasar, Bali,, Indonesia
(3) Faculty of Economics and Business, Warmadewa University, Denpasar, Bali,, Indonesia

AbstractSilver handicraft is one of the Balinese export commodities. It has a unique design and manufacturing process method. This craft supports the Bali tourism industry. Bongkasa Pertiwi is one of the villages in Badung regency. The people of this village living as silver craftsmen. The design of this village silver handicraft is quite popular and still exists. This is caused by they adopting cultural values and having an entrepreneurial spirit in managing business resources and performance. The aim of this study is to examine the pattern of cultural value (Bali local wisdom) to entrepreneurial orientation, financial resources and profitability of SME. The respondents of this study were 38 SMEs in the Bongkasa Pertiwi, Bali. Data analysis was performed using PLS (partial least square). The results of this study (1) the value of Bali's local wisdom has a positive and significant impact on financial resources of SMEs, (2) the value of Bali's local wisdom has a positive and not significant impact on SMEs profitability, (3) financial resources have a negative and significant impact on SMEs profitability (4) entrepreneurial orientation has a negative and significant impact on financial resources of SMEs, (5) entrepreneurial orientation has a positive and significant impact on SMEs profitability.
KeywordsLocal Wisdom Values; Entrepreneurship Orientation; Financial Resources; SMEs Profitability
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Article DOIDOI: https://doi.org/10.33122/ijase.v1i4.112 |
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