Article Sidebar

Download
PDF
Statistic
Read Counter : 47 Download : 27

Downloads

Download data is not yet available.

Main Article Content

Abstract

Following Indonesia's commitment to promoting the achievement sustainable consumption and production practices (RCP- SDGs Number 12),  a plan must be put in place to motivate important players (SMEs) to support the green economy. The limitations of SMEs in terms of funding to be able to implement green economic practices are accommodated through access to financial technology, namely social crowdfunding. To gain insight into how SMEs implement green economic practices by utilizing social crowdfunding, a survey was conducted on 75 SMEs use descriptive research design. The results of the descriptive analysis found that some SMEs have not been able to take advantage of social crowdfunding due to several reasons: not being able to access the right website, having requirements that are difficult to fulfill and their technology skills are not yet good. An interesting insight that was extracted from the results of this survey is the high level of confidence among SMEs that implementing green economic practices using social crowdfunding can improve business performance and are confident that they can overcome all difficulties. The proposed conceptual model can apparently be supported by research results which produce the proposition namely:" willingness to participate in implementing green economic practices using social crowdfunding needs to be driven by creating strong awareness and interest by triggering 3 important determinants, namely stakeholder management, community engagement and entrepreneurship strategy”. In the future, this conceptual modeling can be used to conduct quantitative research so that it can explore the facts in the field in a comprehensive manner.

Keywords

Social Crowdfunding SMEs SDGs Green Economy

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
Maria, M., Ngarbingan, H. K., Ginting, G., & Ismulyati, S. (2024). Proposing the Model to Accelerate SMEs to Apply Green Economy Practices Through the Utilization of Social Crowdfunding. Ilomata International Journal of Management, 5(4), 1434-1450. https://doi.org/10.61194/ijjm.v5i4.1320

References

  1. Andriyansah, Ginting, G., & Rahim, A. R. (2023). Developing the competitive advantage of small and medium enterprises through an ergo-iconic value approach in Indonesia. International Journal of Applied Economics, Finance and Accounting, 17(2), 436–444. https://doi.org/10.33094/ijaefa.v17i2.1196
  2. Apriliani, R., Ayunda, A., & Fathurochman, S. F. (2019). KESADARAN DAN PERSEPSI USAHA MIKRO DAN KECIL TERHADAP CROWDFUNDING SYARIAH. Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah, 3(2). https://doi.org/10.29313/amwaluna.v3i2.4798
  3. Aulia Ibrahim, R., Yaqin, C., & James Simbolon, M. (n.d.). Optimalisasi Pengaturan Layanan Urun Dana (Crowdfunding) Berbasis Teknologi Informasi Sebagai Solusi Permodalan Usaha Mikro, Kecil, Dan Menengah Di Masa Pandemi Covid-19 (Vol. 6, Issue 4). https://theconversation.com/umkm-indonesia-tahan-banting-pada-krisis-1998-dan-2008-tapi-tidak-
  4. Bappenas. (n.d.). THE ECONOMIC, SOCIAL, AND ENVIRONMENTAL BENEFITS OF A CIRCULAR ECONOMY IN INDONESIA.
  5. Bititci, U. S., Martinez, V., Albores, P., & Parung, J. (2004). Creating and Managing Value in Collaborative Networks. In International Journal of Physical Distribution and Logistics Management (Vol. 34, Issue 4).
  6. Brodie, R. J., Ilic, A., Juric, B., & Hollebeek, L. (2013). Consumer engagement in a virtual brand community: An exploratory analysis. Journal of Business Research, 66(1), 105–114.
  7. Camarinha-matos, L. M., & Afsarmanesh, H. (2006). Collaborative networks: Value creation in a knowledge society. IFIP International Federation for Information Processing, 207, 26–40. https://doi.org/10.1007/0-387-34403-9_4
  8. Donaldson, T., & Preston, L. E. (1995). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. In Source: The Academy of Management Review (Vol. 20, Issue 1).
  9. Fairoz, F., M. Hirobumi, & T. Tanaka, Y. (2010). Entrepreneurial Orientation and Business Performance of SME of Hambantota District Sri Lanka. Asian Social Science, 6(3), 35–39.
  10. Frank, H., Kessler, A., & Fink, M. (2010). Entrepreneurial Orientation and Business Performance — A Replication Study. Schmalenbach Business Review, 62(2), 175–198. https://doi.org/10.1007/bf03396804
  11. Freeman, R. E. (2004). The Stakeholder Approach Revisited. Zeitschrift Für Wirtschafts- Und Unternehmensethik, 5(3), 228–241. https://doi.org/10.5771/1439-880x-2004-3-228
  12. Ginting, G. (2016). SOCIAL SCIENCES & HUMANITIES Modelling Business Responsibility of SMEs: A Study Based on the Stakeholder Approach. Pertanika J. Soc. Sci. & Hum, 24(3), 1043–1056.
  13. Hollebeek, L. D., Juric, B., & Ilic, A. (2011). Customer engagement: Conceptual domain, fundamental propositions, and implications for research. In Article in Journal of Service Research. https://www.researchgate.net/publication/285726483
  14. Klandermans, B. (1984). Mobilization and Participation: Social-Psychological Expansisons of Resource Mobilization Theory. In Source (Vol. 49, Issue 5). American Sociological Review.
  15. Kropp, F., Lindsay, N. J., & Shoham, A. (2008). Entrepreneurial orientation and international entrepreneurial business venture startup. International of Entrepreneurial Behaviour & Research, 14(2), 102–117.
  16. Kuncoro, M. (2013). Metode riset : untuk bisnis & ekonomi bagaimana meneliti & menulis tesis? (4th ed.). Erlangga.
  17. Lee, S. M., & Lim, S. (2009). Entrepreneurial Orientation and the Performance of Service Business. Journal Service Business, 3, 13.
  18. Leibtag, A. (2013). Think Community To Drive Engagement.
  19. Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the Entrepreneurial Orientation Construct and Linking It to Performance. In Source: The Academy of Management Review (Vol. 21, Issue 1).
  20. Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts. In Source: The Academy of Management Review (Vol. 22, Issue 4). https://www.jstor.org/stable/259247
  21. Mukherji, A. (2009). The Impact of Entrepreneurial Orientation, Strategic Capabilities, Management Style, and Growth Focus on Firm Performance. In Competition Forum (Vol. 7, Issue 1).
  22. OJK (Otoritas Jasa Keuangan). (2020). Tentang Penawaran Efek melalui Layanan Urunan Dana Bernasis Teknologi Informasi.
  23. Osterwalder, P. (2010). Business Canvas Model. Www.BCM.Com.
  24. Piller, F. T., Ihl, C., & Vossen, A. (2012). A Typology of Customer Co-Creation in the Innovation Process. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1732127
  25. Rahmawati, W. T. (2021). Secutities crowdfunding sebagai alternatif pendanaan UMKM. OJK.
  26. Rauch, A., Wiklund, J., Lumpkin, G. T., & Frese, M. (2009). Entrepreneurial orientation and business performance: An assessment of past research and suggestions for the future. Entrepreneurship: Theory and Practice, 33(3), 761–787. https://doi.org/10.1111/j.1540-6520.2009.00308.x
  27. Roloff, J. (2008). Learning from multi-stakeholder networks: Issue-focussed stakeholder management. Journal of Business Ethics, 82(1), 233–250. https://doi.org/10.1007/s10551-007-9573-3
  28. Rowley, T. J. (1997). Moving beyond Dyadic Ties: A Network Theory of Stakeholder Influences. In Source: The Academy of Management Review (Vol. 22, Issue 4). https://www.jstor.org/stable/259248
  29. Suryana. (2009). Kewirausahaan: Pedoman Praktis: Kiat dan Proses Menuju Sukses (3rd ed.).
  30. van Stekelenburg, J., & Klandermans, B. (2017). Individuals in Movements: A Social Psychology of Contention. In Handbooks of Sociology and Social Research (pp. 103–139). Springer Science and Business Media B.V. https://doi.org/10.1007/978-3-319-57648-0_5
  31. Vrontis, D., Makrides, A., Christofi, M., & Thrassou, A. (2021). Social media influencer marketing: A systematic review, integrative framework and future research agenda. International Journal of Consumer Studies, 45(4), 617–644. https://doi.org/10.1111/ijcs.12647
  32. Winarno. (2011). Pengembangan Sikap Entrepreneurship dan Intrapreneurship. PT Indeks.
  33. Zulfahmi, & Ginting, G. (2023). Modeling the digitalization of SMEs through the utilization of crowdfunding: Stakeholder and Community Based. Journal of International Conference Proceedings (JICP), 6(2), 19–30.