SKRIPSI DIGITAL
Developing a Predictive Model of Business Performance through Relational Capital, Entrepreneurial Orientation, and Access to Finance: Evidence from the Fashion Sector = Developing a Predictive Model of Business Performance through Relational Capital, Entrepreneurial Orientation, and Access to Finance: Evidence from the Fashion Sector
The fashion industry in Central Java has shown a decreasing contribution to the region’s Gross Regional Domestic Product (GRDP), declining from 3.01% in 2020 to 2.66% in 2024. This research seeks to construct a predictive model of Business Performance (BP) in the fashion sector by examining the roles of Relational Capital (RC), Entrepreneurial Orientation (EO), and Access to Finance (AF). Employing a quantitative method under the positivist paradigm, the study investigates the influence among these variables. A total of 120 fashion business owners in Central Java were selected through purposive sampling, with eligibility criteria including a minimum workforce of three employees and at least three years of business operation. As a confirmatory study, the research focuses on assessing the impact of RC, EO, and AF (independent variables) on BP (dependent variable). Data were processed using multiple linear regression analysis with SPSS version 26, following standard scientific procedures such as validity and reliability testing, as well as classical assumption tests including normality, multicollinearity, heteroscedasticity, and linearity. The results confirmed that the data were valid, reliable, and met all statistical requirements. Four hypotheses were tested, all of which were accepted. The findings reveal that RC, EO, and AF have significant effects on BP, both individually and collectively. The regression equation obtained is BP = 0.140 + 0.207RC + 0.415EO + 0.311AF. This research applies deductive reasoning and contributes to the development of intellectual capital theory by offering empirical evidence from the creative economy, particularly within the fashion sector. On a practical level, fashion entrepreneurs are encouraged to acknowledge employee-driven innovation, implement co-creation in product development, and maintain proper financial reporting practices to enhance overall business performance.
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