Author(s): Juhari Sasmito Aji, Reza Widhar Pahlevi, Dian Retnaningdiah
This study aims to investigate the governance of MSMEs using previously published articles as a guide. A literature review was conducted on the Scopus database from 1995 to 2022 using data acquired with the VOSviewer program for bibliometric analysis. The findings unveiled that MSME governance required government and stakeholder cooperation, support, and commitment to help MSME actors affected by Covid-19. Enhancing the internal environment, including capital, human resources (HR), and information technology adoption, was essential to survive the crisis. In prior studies, questionnaires were the most common data collecting technique; however, in-depth structured interviews were equally dispersed in both emerging and developed countries. The primary topics were divided into corporate governance and MSME governance issues. Good corporate governance improved the success of companies. In contrast, the failure of MSMEs resulted from inadequate corporate governance. Corporate governance was not a panacea for the difficulties encountered by MSMEs, but it was an absolute requirement to achieve business success.