, particularly conditional on multiple large shareholders, is empirically unexplored. Using a sample of SMEs listed in China, this … large shareholders. The results show that effective internal control significantly promotes SMEs to achieve sustainable … growth, and the effect is moderated by multiple large shareholders, suggesting that the role of internal control is more …

performance of MSMEs. This research includes the type of associative research that is accompanied by hypothesis testing. This … significantly affect access to formal credit and MSME performance; formal credit access directly and significantly affects MSME … performance. Likewise, financial literacy and credit terms indirectly affect the performance of MSMEs. These results mean that …