A PRISMA-Guided Systematic Review on the Business Performance of Small and Medium Enterprises in Indonesia
DOI:
https://doi.org/10.38035/jafm.v6i3.2261Keywords:
SMEs, Business Performance, Indonesia, Systematic Literature Review, PRISMAAbstract
This study aims to systematically review and synthesize recent empirical research on the business performance of Small and Medium Enterprises (SMEs) in Indonesia using the PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) framework. A systematic literature review was conducted based on articles indexed in the Scopus database. A total of 66 studies published between 2021and 2025 were identified and analysed using a structured PRISMA-based protocol. Inclusion criteria were applied to screen studies based on relevance, language, and context. Thematic synthesis was employed to identify key drivers and constraints affecting SME performance. The analysis reveals that business performance in Indonesian SMEs is predominantly influenced by innovation capability, digital transformation, entrepreneurial orientation, financial literacy, and government policy support. Most studies utilized quantitative approaches and focused on manufacturing and service sectors. However, regional disparities and methodological gaps remain in the existing literature. The findings provide useful insights for SME stakeholders, policymakers, and academic researchers in understanding the determinants of SME performance and identifying under-researched areas for future inquiry. This is one of the first comprehensive reviews applying PRISMA to synthesize literature on SME business performance in the Indonesian context. It highlights current trends, gaps, and future research opportunities.
References
Ardiyanti, A., Nugroho, S., & Wibowo, R. (2022). Government support and SME recovery post-COVID-19. Journal of Policy and Management Studies.
Arisinta, D., Prakoso, Y., & Mulya, A. (2024). The influence of financial agility and technology readiness on SME competitiveness in Java and Sumatra. Formosa Journal of Science and Technology, 3(2), 112–127.
Harini, Y., Santoso, B., & Nugroho, R. (2023). Determinants of SME performance: Evidence from Indonesia. Problems and Perspectives in Management, 21(1), 103–114.
Iskandar, D., Hartono, S., & Priyanto, S. (2023). Digitalization and resilience of Indonesian SMEs. Asian Journal of Business Research.
Kurniasari, S. D., Hasan, M. I., & Wijaya, P. A. (2023). Digital transformation readiness in Indonesian SMEs: A survey across sectors. Journal of Innovation and Business Strategy, 6(1), 45–58.
Muis, I. (2022). Digital marketing and innovation effects on marketing performance. Advances in Social Science, Education and Humanities Research.
Nurhayati, D., & Wahyuni, N. M. (2022). Challenges in sustaining SME performance during economic recovery. Journal of Small Enterprise Development.
Page, M. J., McKenzie, J. E., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., ... & Moher, D. (2021). The PRISMA 2020 statement: An updated guideline for reporting systematic reviews. BMJ. https://doi.org/https://doi.org/10.1136/bmj.n71
Rahmat, R., & Kurniawan, H. (2021). Financial literacy and micro-enterprise sustainability in rural Indonesia. Jurnal Ekonomi Mikro Indonesia.
Rizki, N. P. (2022). Bridging digital gaps in Indonesia’s rural SMEs: Evidence from 8 provinces. Journal of Digital Economics, 4(3), 120–134.
Savitri, E., & Suroso, I. (2021). The contribution of SMEs to inclusive growth: Indonesian evidence. Indonesian Journal of Development Economics.
Setyawan, M., Lestari, N., & Fathoni, A. (2022). Strategic orientation, institutional pressure, and business model innovation in Indonesian SMEs. ArXiv Preprint.
Setyawati, R., et al. (2021). Innovation as a key determinant of SME competitiveness. Jurnal Inovasi Dan Teknologi.
Sulistyanto, H., Cahya, W. A., & Idawati, R. N. (2025). Optimizing digital technology and innovation for SME sustainability in the digitalization era: Lessons from Indonesia. Journal of Sustainable Economic and Business, 5(1), 1–12.
Surya, T., Andini, M., & Kholil, A. (2021). Innovation and SME performance: An empirical study in Central Java. Jurnal Ilmu Manajemen Dan Bisnis, 12(1), 22–36.
Syahputra, D., et al. (2023). Human capital and digital adaptation in Indonesian MSMEs. Journal of Entrepreneurship and Innovation.
Wulandari, A., et al. (2023). Digital literacy and business performance among SMEs in the digital era. Asia Pacific Management and Business Application.
Yahya, M., Widodo, A., & Fitriah, N. (2023). Policy and entrepreneurial orientation as performance predictors in Indonesian SMEs. West Science Business and Management, 3(4), 97–109.
Yuliana, L., Hidayat, R., & Fahmi, M. (2022). Entrepreneurial orientation and strategic agility in Indonesian SMEs. Jurnal Ilmu Manajemen.
Yusuf, M. Z., Azahra, D. S., & Winarti, H. (2023). Digital competitiveness and innovation practices among Indonesian SMEs. Journal of Small Enterprise Development, 28(2), 145–163.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Indra Muis
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Journal of Accounting and Finance Management (JAFM) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Journal of Accounting and Finance Management (JAFM).
