Influence of Financial Innovation on Business Performance: Evidence from the SME Food Industry in Malaysia

The impact of financial innovation (FI) on the economic performance of small-and medium-sized food companies is the focus of this study. This study focuses on the effect of FI on business performance in the small-and medium-sized enterprise (SME) food industry. This chapter aims to provide new information about business performance in the food industry. SMEs often use innovative financial practices to boost the performance of their businesses and increase the value of their organizations. This study uses quantitative and multiple regression techniques to analyze the collected information. The results of this study lend credence to the conclusions of prior studies by demonstrating a substantial connection between FI and the commercial performance of SMEs in the food industry. The significance of this research lies in the fact that it demonstrates FI’s capacity to predict a company’s future growth potential. According to the findings of this study, financial institutions offer vital information and strategies that may assist business owners in improving their company’s performance and remaining competitive compared to other businesses in their industry.