Financial Performance Model in Medium Businesses in The ‎Culinary Sector in The Greater Jakarta Region Mediated by ‎Competitive Advantages and Moderated by Financial Literacy

  • Authors

    • Diana Sari Faculty of Economics, Gunadarma University, Pondok Cina, Indonesia
    • E.S. Margianti Faculty of Economics, Gunadarma University, Pondok Cina, Indonesia
    • Teddy Oswari Faculty of Economics, Gunadarma University, Pondok Cina, Indonesia
    https://doi.org/10.14419/px6v4027

    Received date: January 6, 2026

    Accepted date: February 8, 2026

    Published date: February 12, 2026

  • Financial Performance; Financial Literacy; Competitive Advantage

  • Abstract

    This research seeks to examine how supply chain management, financial technology adoption, e-commerce utilization, and financial management behavior affect financial performance, with competitive advantage acting as a mediating variable and financial literacy serving as a ‎moderating factor. This study uses purposive sampling techniques with a total of 126 respondents, consisting of owners or managers of ‎culinary medium businesses in Greater Jakarta who meet the requirements. The results showed that simultaneously all variables had an effect on competitive advantage, but only partially electronic commerce and financial management behaviors were significant, while supply ‎chain management, financial technology adoption, and financial literacy were not significant. The strongest influence is electronic trading ‎with a coefficient of 0.225. With respect to financial performance, the significant variables are competitive advantage, adoption of financial ‎technology, financial management behavior, and supply chain management, while electronic commerce and financial literacy are insignificant. ‎The strongest influence is the competitive advantage, with a coefficient of 0.355. The mediation test proved that the competitive advantage ‎mediated the influence of electronic trading and financial management behavior, but not on other variables, with the strongest mediation path ‎indicated by the electronic trading coefficient with 0.080. Financial literacy moderates the influence of supply chain management, e-‎commerce, financial technology adoption, and financial management behavior on competitive advantage‎.

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    Sari, D., Margianti, E. ., & Oswari, T. . (2026). Financial Performance Model in Medium Businesses in The ‎Culinary Sector in The Greater Jakarta Region Mediated by ‎Competitive Advantages and Moderated by Financial Literacy. International Journal of Accounting and Economics Studies, 13(2), 93-107. https://doi.org/10.14419/px6v4027