Financial Business Research Articles

Conforming to Gender Stereotypes and Entrepreneurs’ Financing Outcomes

AbstractRecent research into the gender aspects of small business financing has shown that in crisis periods, banks actively reward female entrepreneurs with privileged access to loans because they put forward more realistic and cautious funding proposals compared to hubristic male entrepreneurs. We build on this research by considering in greater detail how broader gender differences in entrepreneurial confidence play out in the context of bank lending. Further, we also question whether banks treat overconfident female entrepreneurs differently from their overconfident male counterparts. Our findings show that on average there is no discrimination, but if a female entrepreneur dares to exhibit overconfidence then this changes.

Social Media as a Platform to Increase Participation of Extension Workers and Farmers in Achieving SDGs

The development of farming and agribusiness is a relevant and ideal choice considering the geographical structure of Indonesia as an agricultural country. However, there is a trend in society, particularly among the millennial generation, that prefers to focus on the mechanical industry, financial business, and entertainment. This situation is exacerbated by adolescents∧ widespread use of digital communication technologies and the occurrence of a pandemic, raising concerns that public participation in the agriculture sector may dwindle considerably. Based on several of these manifestations, an analysis was carried out that it was important to use internet-based digital communication tools as a medium of socialization while increasing community participation in agriculture. Social media platforms such as Facebook, WhatsApp, and Instagram can be used to communicate and improve production and marketing through e-commerce in order to fulfill sustainable development goals (SDGs). Social media is not simply a means of contact between extension workers and farmersit can also be used to exchange information, innovate, build marketing networks, and obtain other farming supplies. This study aims to optimize the participation of extension workers and farmers in agricultural extension and communication activities. The study also intends to demonstrate the importance of using social media as a non-formal learning tool for farmers and the general public interested in agribusiness. This research applied the constructivist research paradigm with a systematical review method to explore and redefine social media as a medium of participatory extension and communication. As a result, the WhatsApp application provides a social media platform that extension workers and farmers can use for socialization, debate, and consulting to boost agricultural product output and marketing.
 Keywords: social media, participation, counseling, communication

Simulasi Pemanfaatan Sistem Informasi Akuntansi Aksyaa.Com Berbasis Web dan Mobile Bagi UMKM

Financial management has an important role in the success of micro, small and medium enterprises (MSMEs). MSME owners face challenges when improving their business performance due to difficulties in managing their financial resources effectively. One of the factors contributing to this challenge is the mix of their business and personal operating funds. Because of this, a free licensed financial management system start-up called aksyaa.com was developed. Aksyaa.com has features for recording general journals, reporting sales and purchases, and ledgers. Output documents include sales reports, purchases, cash flow statements, balance sheets, and income statements. Aksyaa.com on a web and android basis has been selectively implemented and simulated for several MSMEs as part of community service activities from the Faculty of Engineering, University of Mataram. One of the user partners, MSMEs engaged in selling furniture products in the city of Mataram, managed to use the system by inputting transaction data, so that there were 798 transactions recorded within one month. Output documents are consistently aligned with the list of accounts provided in the system, categorized by transaction type, and when testing the system no bugs were detected.

Financing of the Agricultural Business by Sharia Bank to Increase the Exchange Rate of Farmers in West Java Province

This study aims to analyze the relationship between Islamic bank financing in agricultural businesses and farmer exchange rates in West Java Province between 2017 and 2021. The dependent variable of this study is farmer exchange rates, while the independent variable is total amount financing. , non-emerging financing (NPF), and the BI rate. This study uses a quantitative approach using secondary data from Islamic banks and other reliable sources. The data used covers five years, i.e., 2017-2021. The analytical method used is statistical regression which measures the effect of independent variables on farmers’ exchange rates. The research results should lead to a better understanding of the impact of Islamic bank financing on agricultural businesses on farmers’ exchange rates in West Java province during the study period. In addition, this study aimed to determine the effect of the funding level, non-current finance (NPF), and BI rate variables on farmers’ rates. The results of this study are expected to help Islamic banks and local governments formulate more effective policies to increase farming financing and farmer exchange rates in West Java Province. In addition, this research can also contribute to the development of literature on agribusiness financing and the role of Islamic banks in the agricultural sector.

Ketahanan Dan Keberlangsungan Usaha Melalui Tertib Pembukuan Bagi Pelaku UMKM

Bookkeeping training for MSMEs in the Ntobo Village area aims to improve the ability of MSMEs to manage their business finances. The method used for this community service activity is by providing a training in making bookkeeping and the material provided consists of modules adapted from MSME financial accounting guidelines. The activity was carried out for 1 day at the location of each MSME. The results of this activity show that the majority of participants understand the importance of bookkeeping to manage their business finances and are able to implement simple bookkeeping for their business. As a result of the training, MSME actors are able tokeep simple bookkeeping that allows them to measure their business performance and make decisions for better business ventures in the future. This training is expected to provide support for local economic growth through improving the quality of MSME financial management in the Ntobo Village

Rural-Urban Linkages: Regional Financial Business Services’ Integration into Chilean Agri-Food Value Chains

The spatial structure of urban-related industries and agri-food value chains is important for promoting sustainable linkages. Using an interregional input-output framework, this study explores the geography of inter-industry linkages between financial business services and the Chilean agri-food related industries from a subnational perspective. This framework allows adding evidence on rural-related economic activities and financial business services, covering Chilean internal geography, which has a regional concentration of both the business services supply and the agriculturally engaged regions, potentially blocking territorial competitiveness. Our findings indicate that the relationship between value-added and trade is consistent with the vertical fragmentation of domestic production associated with returns to scale. Consequently, while the value-added financial services are more intense in trade for global value chains, this occurs in regions specialized in agri-food industries and services. Our findings also show that Southern Chilean regions engaged in primary agricultural production have lower levels of financial services directly and indirectly embedded in both domestic and global value chains trade, thus highlighting an uneven geography of vertical integration within the country.

DETERMINANTS OF NON-MUSLIM CREATIVE ENTREPRENEURS' INTERESTS APPLYING FINANCING AT SHARIA BANK

Islamic banks operated based on Islamic principles and were more affected by the Covid-19 pandemic than conventional banks because of their higher fee structure. However, to restore the economy, more and more non-Muslim entrepreneurs are applying for business financing at Islamic banks. This study aimed to determine the factors that strongly influence the interest of non-Muslim creative entrepreneurs in Malang to apply for financing at Islamic banks. Using a sample of 112 creative entrepreneurs selected by accidental purposive sampling, the quantitative data obtained from distributing the questionnaires was finally analyzed using PLS-SEM high-level analysis. The study's results divulged four strong factors that influence the interest of non-Muslim creative entrepreneurs in applying for financing at Islamic banks: social influence, reputation, promotion, and services. In contrast, the other four factors did not have a strong effect. Future research is expected to consider the type of financing selected as a control variable.

Awareness of the Urgency of Simple Financial Bookkeeping for MSMEs in Ambulu Sumberasih Village, Probolinggo

This community service activity aims to provide information, understanding, and training related to simple manual financial bookkeeping (recording in a financial book) and digitally using the Buku Warung application for MSMEs in Ambulu Village. The use of the Warung Book Application is expected to help the MSME community in carrying out quality financial accounting. This has become an urgency for the strategic role of MSMEs in economic development in Indonesia. Activities carried out with outreach to the community on May 11, 13, and 15 2023. The results of this activity indicate that the high business activities carried out by MSME actors in Ambulu Village are still not accompanied by an understanding of keeping bookkeeping. Business finance is still mixed up with everyday finances. This socialization provides an understanding of the importance of keeping financial bookkeeping records and can later have an impact on improving the quality of the MSME financial books of Ambulu Village through the Buku Warung application.

The Determinants of Customer Intentions to Use Fintech Services in a Commercial Chinese Bank

ABSTRACT The development of information technology has revolutionized the financial services offered by commercial banks. A growing number of banks have adopted Fintech services in the financial business to compete with other financial institutions and acquire a larger market share. However, whether customers will accept the new technological products remains subject to debate. This study aimed to analyze the impact mechanism of the intention to use Fintech-based mobile banking. Data were collected from 481 respondents across different regions in China, and structural equation modeling was used to verify the collected sample data. The results showed that system quality, service quality, and information quality of Fintech-based mobile banking positively affected user satisfaction. User satisfaction and bank image had a positive impact on the intention to use Fintech-based mobile banking. In addition, users’ perceived risks associated with the platform had a negative impact on user satisfaction and intention to use. Therefore, commercial banks in China should strengthen publicity, constantly update the effective system, provide stress-free personalized service quality, and pay attention to corporate brand image.

Evolutionary game analysis of rent seeking in inventory financing based on blockchain technology

AbstractThis study constructs a tripartite evolutionary game model composed of a small and medium‐sized enterprise (SME), a supervisory enterprise, and a bank for the inventory financing model. The effects of blockchain technology on rent seeking in supply chain finance are calculated with focuses on its mechanism and advantages in inventory financing from the theoretical perspective. The influence of the parameters on the evolutions is likewise determined. Results show that for high‐value financing business, compared with the traditional model, the bank's application of blockchain can accelerate the system to the stable state, in which the SME complies with the contract, the supervisor does not seek collusion, and the bank thoroughly investigates the relationships of enterprises, and the enhancement of blockchain's automatic monitoring capability does not lead to the bank's inaction on regulation. For low‐value financing business, in response to the problem of collusion between the SME and the supervisor for additional benefits in the traditional model, the bank can monitor fund transfers within enterprises and unauthorized pledge release through smart contracts embedded in the blockchain system to automatically detect joint defaults, and effectively avoid the negative stable state of the bank indulging in inter‐enterprise relations which triggers collusion to embezzle financing. In addition, the bank can enhance the robustness of inventory financing service and curb rent‐seeking behavior in the blockchain inventory financing through strict penalties on the supervisor for its violations, monitoring abnormal capital flows of the SME, confirming appropriate credit rate gap, and moderately raising the service value threshold.

Ultra Micro Financing (UMi) and Trade Labor: Impacts on GRDP in the Large Trade and Retail Business Field of Bangka Belitung Islands Province (2017-2022)

Ultra Micro Financing (UMi) aims to provide fast and accessible financing for ultra-micro businesses, fostering government-financed entrepreneurs. UMi Financing’s dominance can influence labor absorption and Gross Regional Domestic Product (GRDP) in the Large Trade and Retail Business Field. This research analyzes the impact of UMi Financing and Trade Labor Absorption on Trade GRDP in Bangka Belitung Islands Province during 2017-2022. Path analysis measures the direct and indirect effects of UMi Financing on Trade GRDP. The findings reveal that UMi financing affects trade and GRDP in Bangka Belitung Islands Province. However, UMi Financing does not directly influence Trade GRDP when mediated by labor. Moreover, UMi Financing and Trade Labor do not significantly impact the GDP of Large Trade and Retail. Limited labor absorption in the trade sector may be attributed to the relatively small capital or financing provided by UMi. Additionally, the absorption of labor in the trade sector does not significantly affect Trade GRDP in the province, as the gross value added in the Large Trade and Retail sectors is influenced by people’s purchasing power, which is still highly dependent on commodity price fluctuations. To bolster GDP growth in the large trade and retail sectors, the government can encourage the distribution of UMi Financing. UMi Financing Distributors should intensify assistance to scale up debtor’s businesses. Diversifying UMi distribution to sectors beyond wholesale and retail trade can also be explored.

Financial Management and Business Development at the Buana Collection Convection UMKM, Kotabaru District, Karawang

The purpose of the Industrial Visit activity for the Convection Micro, Small and Medium Enterprises (MSMEs) is to find out the financial management and business development applied to the Buana Collection Convection SMEs. The industrial visit method is carried out by interviews and direct discussions with MSME actors. The activity phase that will be carried out is in the form of observational studies and information gathering. Data collection is a systematic procedure and is a standard for obtaining the necessary data. Data collection was carried out based on direct observation to the field (field research) visiting data sources by observing and interviewing direct objects. The results obtained during this industrial visit were in the form of obtaining information about financial management that is commonly used and providing information related to how financial management and business development can be used to help increase sales of clothing products by MSME actors. The results of the study show how financial management and business development are implemented by MSMEs, namely financial management behavior that is not recorded, it can be seen that there is no special notebook for business finances, while developing business opportunities the strengths and opportunities of MSMEs are quite large, this can be seen from the analysis of external factors and internal.

IMPLEMENTATION OF BANK BCA'S RISK MANAGEMENT STRATEGY IN FRANCHISE-BASED BUSINESS FINANCING

How to Implement Bank BCA's Risk Management Strategy in Franchise-Based Business Financing, How is the Impact of Bank BCA's Risk Management Strategy Implementation on Franchise-Based Business Financing Literature research methods are used because sources come from journals, research reports, the internet, and other sources. This research approach uses descriptive qualitative techniques. Aiming to provide an overview of the implementation of Bank BCA's risk management strategy in franchise-based corporate financing, the results of this study show the discussion of financing strategies and their impact on franchise businesses. Capital loan financing, especially in franchises to develop business, PT Bank BCA must carry out a comprehensive loan collection process and this is done to avoid the risk of bad loans, especially in the case of large loans. In addition, the bank must also assess the business continuity of the debtor and require management and supervision to maintain the continuity of the bank's business. The impact of this risk occurs when the debtor does not fulfill the contents of the credit agreement, chooses the right prospective debtor in the process of providing credit, and when the bank's HR is deceived by the appearance of the prospective debtor. Therefore, it is important to apply the 5 C's principle.

Analysis of Financial Indicator Literacy Determinants on The Performance of Bandung City SMEs

Bandung is a city in Indonesia that is active in promoting innovation, business creation, and mentoring small businesses. One of the efforts is to provide mentors to develop MSME businesses. In addition, Bandung City also holds various business coaching programs for MSME actors. Thus, MSMEs in Bandung City can develop their business better. There are many problems faced by MSMEs, but one of the problems they often convey is related to how to manage business finances. Many of them do not understand how to manage their business finances because their financial literacy is still low. This is in accordance with the results of the 2022 National Financial Literacy and Inclusion (SNLIK) survey conducted by the Financial Services Authority (OJK), the financial literacy index of MSME players in Indonesia in 2022 is 38.32 percent. After analyzing the data collected by distributing questionnaires to see financial literacy, especially MSME actors registered in the city of Bandung, it was found that the most influential financial literacy to improve MSME performance was financial knowledge. This knowledge is necessary to assist a person in making the right financial decisions and managing personal or business finances well. With the increase in financial knowledge and after an analysis related to how the influence of financial literacy on MSME performance, partial results between financial knowledge, financial behavior and financial attitudes to MSME performance have a positive and significant effect as evidenced by multiple linear equations Y=3.276+0.355X1+0.272X2+ 0.294X3 with a significance level of <0.05. As well as for the results of the coefficient of determination test for literacy, the effect of financial literacy on financial performance was 78.3% and the rest was influenced by other variables.

ANALYSIS OF SOURCES OF BUSINESS FINANCING IN MODERN ECONOMIC CONDITIONS

This article provides an overview of modern forms of additional business financing. Special attention is paid to such forms as subsidizing business from the state, providing credit resources at reduced interest rates for the development of certain business areas or industries and indirect sources of financing in the form of deferral of tax payments to the budget system. The authors of the article provide summary information on modern forms of preferential lending for business development in the Russian Federation.

Factors Influencing the Implementation of Forest Development Financing in Tebing Siring Village, Tanah Laut Regency, South Kalimantan

Tebing Siring Village which is located in Tanah Laut Regency set as forest area Community (HKm) through SK.134/ MenLHK / Setjen /PSKL.0/2/2016 Concerning Work Area Determination Forest societal with area of ± 8,860 hectares in Forest Areas Protected and Forest Areas Production Stay in Tanah Laut Regency South Kalimantan Province. Study purpose analyze the influencing factors implementation of financing development forest in the Tebing Siring village, Tanah Laut Regency. This research was conducted in Tanah Laut Regency, South Kalimantan Province. Object in study For reach objectives 1, 2 and 3 i.e., member group recipient revolving fund facility (FDB) in the village Tebing Siring, Tanah Laut Regency, which consists of from two groups that is group farmer want to advanced , amounting to 23 people and groups farmer Like forward, totaling 17 people. factors which influences the implementation of financing for forest development in Tebing Siring Village, Tanah Laut Regency, namely the timeliness factor of financing distribution. Appropriate use of the budget has a significant effect on success in financing community forestry businesses in villages Tebing Siring. The budget received shows that the community receiving this revolving fund facility, in terms of budget use and budget revenue, 100% of it is used according to the main function of the original purpose for the maintenance and care of rubber plants. Community action on the results of the Community Forest business financing program in the village Tebing Siring shows that all distribution activities and programs have been carried out properly and smoothly.

The Federal Reserve's Interest Rate Policy and Its Impact Against a Background of Inflation and High Unemployment Rate

This research adopts various economic data sources to investigate the effects of Federal Reserve (Fed) policies on the US economy. Specifically, the study focuses on labor market flows, short and long-term inflation expectations, and interest rates from 1960 to 2023. The findings suggest that over the past three decades, the Fed has artificially manipulated interest rates to curb long-term increases in unemployment. In this regard, this paper discusses the Impact of Business Financing and Costs, Labor Costs and Prices, Impact on Market Supply and Demand on interest rate changes from three perspectives. This study delves into detailed micro data on job vacancy rates and average earnings coefficients for different workers. By analyzing these factors and interest rate data, the paper argues that there is a strong correlation between employment trends and the Federal Reserve's monetary policy. Based on the data, the study projected that even if long-term inflation expectations remained stable, underlying inflation would still be half a percentage point above its long-term trend by the end of 2023. Overall, the paper provides valuable insight into the complex relationship between Fed policy, employment trends, and inflation in the U.S. economy.

How Covid-19 impacts the financing in SMEs: Evidence from private firms

The world economy, and SMEs in particular, have been hit hard by the COVID-19 epidemic. SME finance issues are becoming a significant focus of policymakers and academics. This research uses private companies as a sample to analyze how COVID-19 affected SME finance. We examine critical factors such as business size, leverage, profitability, liquidity, and the influence of COVID-19. Our research shows that the pandemic has had a significant, detrimental impact on funding for small and medium-sized businesses. Small and medium-sized enterprises (SMEs) have expanded their borrowing amid falling profits and cash flow. More specifically, smaller SMEs have been hit harder than their bigger counterparts. Implications for policymakers and the owners of SMEs are substantial. Governments should help small and medium-sized enterprises by providing incentives like tax credits and loan guarantees. Owners of small and medium-sized enterprises (SMEs) should prioritize sound financial management and stability. This research sheds light on SMEs’ funding difficulties in the wake of COVID-19 and highlights the need to aid such businesses as rebuild.

The effect of credit composition on entrepreneurship

In this study, we aim to assess the relevance of credit composition to entrepreneurship empirically in light of the Schumpeterian perspective. The results of such an analysis can imply whether central banks should continue with the so-called neutrality principle or undertake an active credit policy. We employ a panel data model to quantify the effect of credit composition on entrepreneurship in 54 high- and middle-income economies from 2001 to 2016. To capture credit composition, we disaggregate total credit as credit to non-financial and financial businesses as well as credit to households and mortgages, and we hypothesize that the larger share of credit for non-financial businesses and households would be associated with greater entrepreneurship. The results indicate that credit composition is important for both high- and middle-income economies, but the effective composition of credit is different in the two sub-samples, which is why the effectiveness of credit allocation should not be taken for granted and active remedies are required. This paper corroborates the Schumpeterian view on the ties between credit allocation and entrepreneurship in both high- and middle-income economies.

STUDI NETNOGRAFI TINJAUAN EFEKTIVITAS KONSULTASI KEUANGAN DAN AKUNTANSI PADA APLIKASI QUORA BAGI PARA PELAKU UMKM

One of the drivers of economic growth in Indonesia cannot be separated from the involvement of the influence of MSMEs. The reality in Indonesia, MSMEs have not paid attention to the importance of financial accounting knowledge and do not use accounting information in running a business. The purpose of this study is to utilize social media, namely the Quora application that can be used by MSME actors as business finance and accounting consulting for their business ventures. This study uses the netnographic method for the constructivist paradigm that depends on the reality that is formed in society. It is not how someone sends a message, but from the communicator or communicant to form and exchange meaning. The findings show that Quorawan's questions revolve around consulting the importance of financial management for MSMEs, android applications or software that can be used for MSME financial bookkeeping, MSME taxes that must be reported, the application of SAK EMKM by MSMEs, neat accounting records for MSMEs, sharing knowledge of accounting for MSME development, and so on. SAK EMKM is much simpler for MSMEs to implement, compared to SAK ETAP. Financial and accounting consultations are constructivist in nature, depending on the reality formed by the Quorawans as MSME actors in the Quora application. This study recommends that the central government and local governments appreciate financial reports on MSMEs that are constructivist and based on SAK EMKM compiled by the Indonesian Institute of Accountants (IAI).