Analysis of Financial Technology, Financial Literacy, Financial Attitudes, on Mediated Business Performance Financial Inclusion and Self-Efficiency in Small Medium Industry (SMI) in Malang City, Indonesia
Abstract:Purpose: This study aims to know IKM performance achieved from variable supporters including financial technology, financial literacy, and financial attitude, which is mediated by financial inclusion and self- efficacy.
Theoretical framework: SMIs have an important role for local government and society in general. SMEs are one of the main contributors to creating jobs at the local level. By generating a diversification of economic activities, SMEs provide employment opportunities for the population, reduce t… Show more
“…Additional complications arise when operating across many jurisdictions, as inconsistent compliance standards may result from differences in how corporate and social responsibility legislation are interpreted [3]. Tax incentive, reporting standard, and accountability system ambiguities add more layers of complexity [4]. The development of social businesses may be stunted as a result of this deterring potential investors and partners [5].…”
Objective: A compelling combination of profit-driven corporations with socially impactful efforts, the concept of social businesses has arisen in recent years. Both the legal hurdles that social enterprises must overcome and the intriguing opportunities they present are explored in this in-depth analysis. The research elucidates the complex nature of social businesses by highlighting the importance of this hybrid model (HM) in tackling urgent societal concerns. Sustainable development and inclusive growth are two goals that social firms can help achieve by exploring the nexus of profit-making and social responsibility. Further, obstacles to their smooth functioning and expansion are uncovered through an in-depth examination of the difficulties they confront, especially in the legal sphere.
Method: The present research proposes a dynamic legal collaborative framework (DLCF) for adaptive compliance, which would involve the creation of flexible legal frameworks to balance competing economic and social goals. Using this innovative strategy, social enterprises may ensure their continued financial health while achieving the positive social impact they set out to achieve. The proposed method also emphasizes the significance of cooperation between lawyers, business people, and policymakers in creating a hospitable legal framework.
Result: Healthcare, education, environmental protection, and poverty reduction represent few of the areas that could benefit from the results of this research. For further evaluation of the proposed method's viability in addressing legal hurdles and maximizing social benefit, a simulation analysis is carried out. Using hypothetical situations, researchers can examine the advantages and disadvantages of various legal approaches and make more informed decisions.
Conclusion: This research highlights the significance of cooperation between legal, entrepreneurial, and regulatory parties in creating the future of socially responsible business.
“…Additional complications arise when operating across many jurisdictions, as inconsistent compliance standards may result from differences in how corporate and social responsibility legislation are interpreted [3]. Tax incentive, reporting standard, and accountability system ambiguities add more layers of complexity [4]. The development of social businesses may be stunted as a result of this deterring potential investors and partners [5].…”
Objective: A compelling combination of profit-driven corporations with socially impactful efforts, the concept of social businesses has arisen in recent years. Both the legal hurdles that social enterprises must overcome and the intriguing opportunities they present are explored in this in-depth analysis. The research elucidates the complex nature of social businesses by highlighting the importance of this hybrid model (HM) in tackling urgent societal concerns. Sustainable development and inclusive growth are two goals that social firms can help achieve by exploring the nexus of profit-making and social responsibility. Further, obstacles to their smooth functioning and expansion are uncovered through an in-depth examination of the difficulties they confront, especially in the legal sphere.
Method: The present research proposes a dynamic legal collaborative framework (DLCF) for adaptive compliance, which would involve the creation of flexible legal frameworks to balance competing economic and social goals. Using this innovative strategy, social enterprises may ensure their continued financial health while achieving the positive social impact they set out to achieve. The proposed method also emphasizes the significance of cooperation between lawyers, business people, and policymakers in creating a hospitable legal framework.
Result: Healthcare, education, environmental protection, and poverty reduction represent few of the areas that could benefit from the results of this research. For further evaluation of the proposed method's viability in addressing legal hurdles and maximizing social benefit, a simulation analysis is carried out. Using hypothetical situations, researchers can examine the advantages and disadvantages of various legal approaches and make more informed decisions.
Conclusion: This research highlights the significance of cooperation between legal, entrepreneurial, and regulatory parties in creating the future of socially responsible business.
“…According to Warnoto (2022), the qualitative characteristics of Regional Government Financial Reports are normative requirements needed to meet the desired quality (Rahadjeng et al, 2023). The Supreme Audit Agency provides an annual assessment to the LKPD in the form of an opinion.…”
Objective: Research objectives financial reports as a means of accountability for its financial performance to the public.
Theoretical framework: The primary objective of government-led development initiatives is to promote the well-being of the community. This objective is reflected in the formulation of programs and budgets that incorporate measures of community welfare. Furthermore, the program and budget are reported to the public through the Supreme Audit Agency (BPK) to determine budget accountability and performance. The Kediri City Government must be able to present financial reports that contain financial information that is not only of good quality but is able to spur economic growth that has an impact on people's welfare.
Method: The present study, conducted in the urban setting of Kediri, employs a qualitative descriptive approach. Data collection methods encompass observation, interviews, and documentation. The analysis of data follows the Miles and Huberman model, involving the stages of data reduction, data presentation, and drawing conclusions.
Results: The findings of the research indicate that the incorporation of financial statement reporting within the Kediri city government has adhered to the appropriateness of government accounting standards, sufficiency of disclosure, adherence to laws and regulations, and the efficacy of the internal control system.
Conclusion: The findings of the BPK audit indicate that the financial reporting of entities within the Kediri City Government has received a Unqualified Opinion(WTP). This Kediri City Government Financial Report also shows how the programs implemented by the Kediri City Government seek to improve the people's standard of living.
“…Performance can be defined as the result of the efforts made by the owners and managers of the company. There are many factors affect MSME performance, including product innovation (Rezaei & Ortt, 2018;Cho and Lee, 2018;Dahlan et al, 2023;Le et al, 2023a;Yaskun et al, 2023), financial literacy (Rumain et al, 2021;Rosliyati & Iskandar, 2022;Rahadjeng et al, 2023;Rofiqoh et al, 2023;Saskia et al, 2023) and technology utilization (Shettima & Sharma, 2012;Turais, 2020;Susilatri et al, 2022;Teng et al, 2022;Alsedrah, 2023;Haq & Huo, 2023). https://doi.org/10.…”
The Covid pandemic has had a significant impact on MSMEs in Indonesia. Surveys conducted during this period showed a decline in the performance of MSMEs, although some studies showed inconsistent results. The study aims at examining the impact of innovation, financial literacy, and digitalization on the performance of MSMEs in the Riau Region. The samples used in this study were MSMEs located in Riau Province. Data obtained through the distribution of questionnaires and interviews were analyzed using multiple linear regression. Then, test findings showed that digitalisation and innovation had a significant impact on performance. Meanwhile, financial literacy did not affect the performance of MSMEs. The implications of this research for MSMEs were the use of technology and innovation, especially product marketing that can reach a broader market so that it can improve MSME performance. As for researchers, it can be a reference for the development of subsequent research.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.