Article Sidebar

Download
PDF
Statistic
Read Counter : 8 Download : 4

Downloads

Download data is not yet available.

Main Article Content

Abstract

Digitalization of MSMEs is one strategy to accelerate the development of MSMEs in an inclusive and massive manner. The Financial Technology  (Fintech) phenomenon in recent years has encouraged the emergence of various new services in the financial sector, including Crowdfunding. Crowdfunding is the practice of raising funds or investment by utilizing a site or website. Currently, it is indicated that there is still very little use of crowdfunding among MSMEs players. For this reason, a comprehensive study is needed regarding the importance of MSMEs utilizing Crowdfunfing as an alternative to overcome capital problems. Research design used is mix method (descriptive non experimental and judgement sampling). Sample are selecting by non-random sampling (judgment sampling). Based on the results of a survey involving 71 business doers, most of them are managers and owners, included the category of small and medium business doers with 50 to 100 employees, it was found that most of these business doers were familiar with crowdfunding as an easily accessible funding alternative. The results of the analysis using SEM-PLS, interesting findings were obtained that perceptions and aspects of technology and entrepreneurship from business actors had a positive effect on interest in using crowdfunding. Recommendations for future research are the need to research the role of capital markets and regulations, which in this research were assessed as having not been optimally socialized by MSMEs players. The point is that in the future MSMEs players must be given space to gain access to funding through crowdfunding in an inclusive manner.

Keywords

MSMEs Crowdfunding FinTech Capital

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Zulfahmi, Ngarbingan, H. K., Ginting, G., Ismulyati, S., & Nasoha, M. (2024). Development of a MSMEs Digitalization Transformation Model: Optimization of The Use of Crowdfunding as an Alternative to Information Technology Based Capital Solutions. Ilomata International Journal of Management, 5(3), 993-1010. https://doi.org/10.61194/ijjm.v5i3.1275

References

  1. Agrawal, A., Catalini, C., & Goldfarb, A. (2014). Some simple economics of crowdfunding. Innovation Policy and the Economy, 14(1), 63–97.
  2. Ajzen, I. (1985). From Intentions to actions: a theory of planned behavior. In dalam, K. J, & B. J (Eds.), Action Control. DE). Springer.
  3. Ajzen, I. (1989). Attitude structure and behavior. Di dalam : Pratkanis AR (S. J. Breckler & A. G. Greenwald, Eds.). Attitude Structure and Function.
  4. Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes (Vol. 50, pp. 179–211).
  5. Ajzen, I. (2012). Martin Fishbein’s legacy : the reasoned action approach.
  6. Anderson Jr, & Cunningham. (1972). The Socially Concious Consumer. Journal of Marketing, 36(3).
  7. Bank Indonesia. (2019). Data UKM di Indonesia yang akses pada CAPITAL. www.
  8. Belleflamme, P., Lambert, T., & Schwienbacher, A. (2014). Crowdfunding: Tapping the right crowd. Journal of Business Venturing, 29(5), 585–609.
  9. Bonzanini, D., Giudici, G., & Patrucco, A. (2016). Chapter 21 - The Crowdfunding of Renewable Energy Projects. In V. Ramiah & G. N. Gregoriou (Eds.), Handbook of Environmental and Sustainable Finance. Academic Press.
  10. B.P.S. (2021). Profi UMKM di Indonesia.
  11. Bradford, C. (2012). Crowdfunding and the Federal Securities Laws. Columbia Business Law Review(1.
  12. Bramastya Ali. (2022). Fintech equity crowdfunding sebagai solusi akses permodalan UMKM. Jurnal Bisnis Manajemen Islam, 10(1. ISSN), 2442–3718.
  13. Donelli, C. C., Mozzoni, I., Badia, F., & Fanelli, S. (2022). Financing Sustainability in the Arts Sector: The Case of the Art Bonus Public Crowdfunding Campaign in Italy. Sustainability (Switzerland), 14(3). https://doi.org/10.3390/su14031641
  14. Farstad, M., & Butli Hårstad, R. M. (2022). Crowdfunding of GHG mitigation measures in agriculture: A feasible contribution to the climate challenges? Sociocultural constraints and enablers in Norway. Geografisk Tidsskrift - Danish Journal of Geography, 122(2), 117–128. https://doi.org/10.1080/00167223.2022.2152972
  15. Freedman, W. (2014). The legislative authority of the local sphere of government to conserve and protect the environment: A critical analysis of Le Sueur v Ethekwini municipality [2013] ZAKZPHC 6 (30 January 2013). Potchefstroom Electronic Law Journal, 17(1), 566–594. https://doi.org/10.17159/1727-3781/2014/v17i1a2263
  16. Gerber, E., & Hui, J. (2014). Crowdfunding: Motivations and Deterrents for Participation. ACM Transactions on Computer-Human Interaction, 20, 32–34.
  17. Gleasure, R. (2015). Resistance to crowdfunding among entrepreneurs: An impression management perspective. Journal of Strategic Information Systems, 24(4), 219–233. https://doi.org/10.1016/j.jsis.2015.09.001
  18. Hair. (2017). Advanced Issues in Partial Least Squares Structural Equation Modeling. Thousand Oaks (US. SAGE.
  19. Hui, J. S., Gerber, E., & Greenberg, M. (2012). Easy money? The demands of crowdfunding work. Northwestern University, Segal Design Institute.
  20. Kuncoro, M. (2013). Metode Riset untuk Bisnis & Ekonomi : Bagaimana Meneliti & Menulis Tesis (Ed, Ed.). Penerbit Erlangga.
  21. Langley, P., Lewis, S., McFarlane, C., Painter, J., & Vradis, A. (2020). Crowdfunding cities: Social entrepreneurship, speculation and solidarity in Berlin. Geoforum, 115, 11–20. https://doi.org/10.1016/j.geoforum.2020.06.014
  22. Leraas, H., Moya-Mendez, M., Donohue, V., Kawano, B., Olson, L., Sekar, A., Robles, J., Wagner, L., Greenup, R., Haines, K. L., & Tracy, E. (2023). Using Crowdfunding Campaigns to Examine Financial Toxicity and Logistical Burdens Facing Families of Children With Wilms Tumor. Journal of Surgical Research, 291, 640–645. https://doi.org/10.1016/j.jss.2023.07.005
  23. Mollick, E. (2014). The Dynamics of Crowdfunding: An Exploratory Study. Journal of Business Venturing, 29(1), 1–16. https://doi.org/10.1016/j.jbusvent.2013.06.005.
  24. Nizar, M. A. (2017). Financial Technology (Fin Tech): Its concept and implementation in Indonesia.
  25. OJK. (2020). 57 tahun (2020) tentang penawaran efek melalui Layanan Urunan Dana Bernasis Teknologi Informasi.
  26. Pekmezovic, A., & Walker, G. (2016). The global significance of crowdfunding: Solving the SME funding problem and democratizing access to capital. Wm. & Mary Bus. L. Rev, 7, 347.
  27. POJK No. 57/POJK.04/2020. (2020). Penawaran efek melalui layanan urun dana berbasis teknologi informasi (Issue 57/POJK.04/2020). Otoritas Jasa Keuangan.
  28. POJK No.37/POJK.04/2018. (2018). Layanan urun dana melalui penawaran saham berbasis teknologi informasi (equity crowdfunding. Otoritas Jasa Keuangan.
  29. Rafi Aulis Ibrahim. (2021). Optimalisasi pengaturan crowdfunding berbasis teknologi indormasi sebagai solusi permodalan UMKM di masa Pandemi Covid 19. Journal of Renaissnace, 4 Vo. 6.
  30. Rahmawati, A., Ayunda, A., & Fathurochman, S. F. (2019). Kesadaran dan persepsi UMKM terhadap crowdfunding Syariah. Journal Ekonomi dan Keuangan Syariah, 3(2), 267–289.
  31. Rahmawati, W. T. (2021). Secutities crowdfunding sebagai alternatif pendanaan UMKM. http://sikapiuangmu.ojk.go.id/FrontEnd/CMS/Article/30676
  32. Stekelenburg, V., & Klandermans, B. (2017). Individuals in movements: a social psychology of contention. In C. Roggeband & B. Klandermans (Eds.), Handbook of Social Movements Across Disciplines (pp. 103–139). Springer.
  33. Suryanto. (2021). Scurities crowdfunding: transformation of financing of small and medium enterprises in indonesia. Jurnal Pemikiran dan Penelitian Administrasi Bisnis dan Kewirausahaan Vol.6, 2, 163–171. https://doi.org/10.24198/adbispreneur.v6i2.33225
  34. Zulfahmi. (2023). Modeling the digitalization of SMEs through the utilization of crowdfunding: Stakeholder and Community Based. International Conference Proceedings (JICP, 6(2), 19–30. https://www.ejournal.aibpmjournals.com/index.php/JICP

DB Error: Unknown column 'Array' in 'where clause'