Improving MSMEs Performance through Human Capital, Financial Literacy and Competitive Advantage

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Quantitative analysis reveals that human capital affects MSME performance via competitive advantage, indicating growth strategies.

MSMEs performance significantly improves due to human capital and competitive advantage, indicating strong management strategies.
Competitive advantage is a vital mediator in the relationship between human capital and MSME performance, with a notable direct influence.
Structural Equation Modeling (SEM) was utilized to analyze the data, exploring indirect effects and relationships among variables across 162 respondents over three months in Banyumas Regency, Indonesia, enhancing the insights on MSMEs' dynamics and challenges in performance management. This method allowed for a robust understanding of interactions involving human capital and competitive factors leading to performance success.

Hanifah et al. (2024) studied this question.

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