The Influence of Product Innovation on Investment Interest Through Business Networks As an Intervening Variable in Startup Companies in Indonesia

Rizky Putra; Prihatin Lumbanraja; Yeni Absah; Amlys Silalahi

doi:10.18502/kss.v9i24.16909

Authors

Rizky Putra Department of Ilmu Manajemen, Universitas Sumatera Utara, Medan https://orcid.org/0009-0002-0779-8484
Prihatin Lumbanraja Department of Ilmu Manajemen, Universitas Sumatera Utara, Medan https://orcid.org/0000-0001-9711-7261
Yeni Absah Department of Ilmu Manajemen, Universitas Sumatera Utara, Medan https://orcid.org/0000-0003-3887-9324
Amlys Silalahi Department of Ilmu Manajemen, Universitas Sumatera Utara, Medan

DOI:

https://doi.org/10.18502/kss.v9i24.16909

Abstract

In carrying out innovation, all human resources in startup companies need the same market orientation to unite the perception of startup company management to jointly understand customer desires and create original values in the new products produced. This research is the first to discuss the impact of innovation on investment interest in startup companies through business networks, especially startup companies in Indonesia. Therefore, this research is very suitable to be carried out as an effort to develop knowledge, especially regarding the impact of product innovation on investor interest in startup companies in Indonesia. Of course, this point is novel, so this research is worth doing. The population in this study was 2419 with a sample size of 300 respondents. The technique used is SEM PLS. The results of the study show that product innovation has a significant and influential effect on investment interest in startup companies in Indonesia. Product innovation has a significant impact on business networks in startup companies in Indonesia. Business networks have a significant influence on investment interest in startup companies in Indonesia. Product innovation has a significant influence on investment interest in startup companies in Indonesia through business networks as an intervening variable.

Keywords: product innovation, investment interest, business network

References

[1] Surya B, Menne F, Sabhan H, Suriani S, Abubakar H, Idris M. Economic growth, increasing productivity of SMEs, and open innovation. J Open Innov. 2021;7(1):20.

[2] Amalia R, Ramadhani K, Sari EP, Teknologi I, Aras RA. Model corresponding author: Promosi untuk memasarkan produknya. Dengan memanfaatkan teknologi informasi terkini melalui komputer mendapatkan keuntungan yang besar (Blank, 2010). Tapi tidak sedikit start-up yang gagal, menurut catatan Start-up organi. vol. 8, no. 3, pp. 910–920, 2021.

[3] Amiruddin. Metode Penelitian Kuantitatif. Pradina Pustaka.

[4] Hardiansyah R. Jurnal Ekonomi Identifikasi Faktor-Faktor Kesuksesan Start Up Digital di Kota Bandung. 2019. pp. 134–45.

The Influence of Product Innovation on Investment Interest Through Business Networks As an Intervening Variable in Startup Companies in Indonesia

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