Financial Inclusion, Intellectual Capital, and MSMEs Performance with Business Age as Moderating Variable

This study aims to examine the mediating role of intellectual capital and the moderating role of business age on the effect of financial inclusion on the performance of the MSME cluster. The sample in this study were members of the Batik Tulis, Processed Fish and Coffee Lelet MSME cluster in Rembang Regency, Central Java, Indonesia with a total of 134 respondents. Data collection techniques using survey methods with questionnaires. The sampling technique used is saturated sampling. Data analysis uses structural equation modeling with the help of WarpPLS. The results of the study show that financial inclusion has no significant positive effect on MSME performance, intellectual capital has a significant positive effect on MSME performance and financial inclusion has a significant positive effect on intellectual capital. The results of this study also found evidence that intellectual capital plays an important role in mediating the effect of financial inclusion on MSME performance, and the age of the business can strengthen the relationship between financial inclusion and MSME performance