The creative industry is currently growing very rapidly in developing countries. This is indicated by various government policies to increase the competitiveness of this industry. Value chains are needed to gain the competitive advantage within this industry at every additional step of the chain. However, there is no comprehensive research on the creative industry value chain in developing countries, such as Indonesia, especially in small and medium enterprises (SMEs). This study attempts to explore the concept of industrial chain values to narrow the gaps that exists in the literature. The research method used is a qualitative approach through semi-structured interviews and observations of 11 SMEs consisting of 5 creative business sub-sectors, namely the culinary, fashion, craft, photography, and visual communication design sectors. The results of this study indicate that, in creative industries, cocreation is the differentiator on the value chain activities, especially those that offer customization. Meanwhile, the use of social media is also considered as an important value chain activities that must be used to effectively communicate the value of the business. The results of this study can be used by stakeholders in Indonesian SMEs as a reference for formulating competitiveness strategies for this creative industry. AbstrakIndustri kreatif berkembang sangat pesat di Negara-negara berkembang. Hal ini ditandai dengan berbagai kebijakan pemerintah untuk menaikkan daya saing industri kreatif. Rantai nilai dibutuhkan untuk mendapatkan keunggulan kompetitif, dimana aktivitas penambahan nilai dilakukan pada setiap fase dalam rantai nilai. Namun, belum ada penelitian komprehensif terkait rantai nilai pada industri kreatif di negara-negara berkembang termasuk Indonesia, terutama penelitian pada usaha dengan skala kecil dan menengah (UKM). Penelitian ini mengeksplorasi konsep nilai rantai industri untuk mempersempit kesenjangan yang ada dalam literatur. Metode penelitian yang digunakan adalah pendekatan kualitatif melalui wawancara semi terstruktur dan observasi pada 11 UKM yang terdiri dari 5 subsektor dalam bisnis kreatif, yaitu kuliner, fesyen, kerajinan, fotografi, dan desain komunikasi visual. Hasil penelitian ini menunjukkan bahwa pada industri kreatif, co-creation ditemukan sebagai pembeda pada kegiatan rantai nilai, terutama pada bisnis yang menawarkan nilai customization. Penggunaan media sosial juga dinilai sebagai aktivitas penting pada rantai nilai untuk mengkomunikasikan nilai bisnis secara efektif. Hasil penelitian ini dapat digunakan sebagai referensi untuk merumuskan strategi daya saing bagi industri kreatif oleh para pemangku kepentingan yang terkait dengan UMKM di Indonesia.
The COVID-19 pandemic is an unexpected event that causes stock market investors to panic so that their value drops drastically. Operating cash flow and free cash flow are indicators of a company’s financial statements that are used as a reference for investors’ decision making in the stock market. A firm’s cash flows reflect real changes in the firm’s value for money. Cash flow growth can provide information on how well the firm’s performance is in generating incremental cash inflows that can increase firm value. This study aims to explore the relationship between cash flow growth before the COVID-19 pandemic and after the COVID-19 outbreak on stock price performance. This study uses the OLS regression method with a total sample of 426 companies in the Indonesian capital market in the period March 2, 2020 to March 2, 2021. The results show that cash flow growth from operations and free cash flow growth had no significant effect on stock return after COVID-19 outbreaks in years 2020 to 2021. Sales growth, market capitalization and stock return before the COVID-19 outbreak from 2019 to 2020 had a significant negative correlation with the post COVID-19 outbreak stock return. Then, sectors whose stock performance is positively correlated after the COVID-19 outbreak are basic industry, chemicals, miscellaneous industry and infrastructure. This shows that the economic crisis caused by COVID-19 is an anomaly in the stock market. Therefore, cash flow is not relevant information for investors in predicting a company’s performance during the COVID-19 pandemic crisis.
This study investigates the financial behavior and preferences of the bottom of the pyramid (BOP) group, and thus, contributes to the financial inclusion demand-side literature. A survey of 100 households was conducted. A cluster analysis was used to analyze the data and portray the characteristics of the BOP. Further analysis was conducted using chi-square and ANOVA tests. The results reveal three sub-groups within the BOP which consists of the very low, low, and medium. Financial behaviors are found to be indifferent among the sub-groups, except for savings allocations and financial planning. Households with a better economic condition are found to have a higher attention to use banking services. The financial literacy category indicates different attitudes in conducting long-term financial planning and service preferences. This result implies that financial literacy and adequate financial products are beneficial towards the financial inclusion of the BOP group.
<p>The economy is shifting into the digital economy and to overcome it, the banking industry competes through innovation and digital strategy. Smartphone-based mobile banking is the key component of the digital strategy with 70% of the banks agree to focus their strategy on mass customer segment (PWC, 2017).</p><p>The purposes of the study are to identify the predicting factors influencing the intention to use mobile banking and empirically validate a model explaining the behavioral intention to use it, especially on the Bottom of Pyramid (BOP) segment. The model used was Structural Equation Model (SEM) based on Partial Least Square (PLS). The data used for developing the model was based on a survey to 100 BOP households.</p><p>The results of this study show that the variables that have the highest significant effect on BOP’s customer intention to use mobile banking are involuntary barriers, followed by perceived risk, and attitude. This result can be further used by researchers and mobile banking providers to evaluate the existing mobile banking services to improve its contribution in providing better market penetration and more appropriate financial services for BOP and ultimately financial inclusion in Indonesia.</p>Keywords: <em>Mobile Banking, Intention, Structural Equation Model</em>
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