Definition of Small and Medium Enterprises in Indonesia
Defining the term of Small and Medium Businesses is sometimes controversial and arguable.
There are various ways to determine the definition of SME and differ across countries. Therefore, the ideal definition of subject to one's perspective and base on the aim of the study. SMEs are
categorized based on the classification from Indonesian Small Medium Enterprises Organization (DEPKOP) and
The Central Bureau of Statistics (CBS) in Indonesia (DEPKOP, [26]; Kartiwi, [14]) (Table 1). The different
classification of Indonesian SMEs is depictured in the size of employee; where in small firms in Indonesia has 5-19
employees compared to most part of Europe with 5-50 employees (Nooteboom, [35]).