THE INFLUENCE OF FINANCIAL PERFORMANCE, LIFESTYLE, AND GOVERNMENT SUPPORT ON THE SMEs BEHAVIOR IN USING P2P LENDING
Article Sidebar
Published
Aug 31, 2023
Main Article Content
Abstract
Since 2013 until Indonesia has passed the covid transition period, the evolutionary development of information and communication technology (ICT) has changed SMEs lifestyles and business activities to simple, fast-response, and efficient information technology-based financial services known as fintech. Two fintech popular in Indonesia, it’s mobile payment and P2P lending. This study analyzes the influence of financial performance, lifestyle, and government support on the SMEs behavior in using P2P lending in South Sulawesi. This is quantitative research by collecting data through questionnaires distributed to respondents. This study uses a structural equation model with Smart-PLS 4.0 software. By referring to the Hair formula which is 13 x 10 indicators, the target sample in this study was 130 SMEs. But when distributing the questionnaire the number of respondents who filled out the questionnaire there were 176 respondents, so in this study the amount of data processed was 176 respondents. The result shows that financial performance and lifestyle significantly affect the SMEs behavior. While, government support does not significantly affect the SMEs behavior.
Article Details
How to Cite
ADAWIAH, Arabiatul; SAWILE, Rusnawati; MS, Eka Indriyani.
THE INFLUENCE OF FINANCIAL PERFORMANCE, LIFESTYLE, AND GOVERNMENT SUPPORT ON THE SMEs BEHAVIOR IN USING P2P LENDING.
Proceedings of the International Conference of Islamic Economics and Business (ICONIES), [S.l.], v. 9, n. 1, p. 897-908, aug. 2023.
ISSN 2541-3333.
Available at: <http://conferences.uin-malang.ac.id/index.php/iconies/article/view/2273>. Date accessed: 02 may 2024.
Issue
Section
Articles
References
Abor, J., & Quartey, P. (2010). Issues in SME development in Ghana and South Africa. International Research Journal of Finance and Economics, 39.
Alamsyah, M. F. (2020). The Effect of Financial Literacy and Quality of Financial Management on Financial Performance in Furniture SMEs in Gorontalo City. Economic Forum, 22(2), 245–255. http://journal.feb.unmul.ac.id/index.php/FORUMEKONOMI
Ayem, S., Aji, A. W., & Wahidah, U. (2020). Factors Affecting the Financial Performance of Micro Small and Medium Enterprises (MSMEs) During the Covid 19 Pandemic in Yogyakarta City. International Conference on Technology, Education and Sciences, 121–128.
http://jurnal.ustjogja.ac.id/index.php/incotes/index
Bagozzi, R. P., & Yi, Y. (2012). Specification, evaluation, and interpretation of structural equation models. Journal of the Academy of Marketing Science, 40(1). https://doi.org/10.1007/s11747-011-0278-x
B. Rahardjo, Budi; Khairul, I. A. K. S. (2019). The Influence of Financial Technology (Fintech) on the Development of MSEs in Magelang City. Proceedings of the National Seminar and Call for Papers, Faculty of Economics, Tidar University, 347–356.
Budiyanti, E. (2019). Efforts to overcome illegal online loan services. Brief Info: A brief review of actual and strategic issues, 11(4), 19–24. Short
https://berkas.dpr.go.id/puslit/files/info_singkat/Info---4-II-P3DI-Feb-2019-219.pdf
Business, O., & Outlook, F. (2020). Sustainable and Resilient Finance. OECD.–2020.
Carmines, E. G., & Zeller, R. A. (1982). Reliability and Validity Assessment. 5th printing. Beverly Hills: Sage Publications Inc.
Cen, T., & He, R. (2018). Fintech, Green Finance and Sustainable Development. https://doi.org/10.2991/meeah-18.2018.40
Chandra, A., & Silva, M. A. M. (2012). Business incubation in Chile: Development, financing and financial services. Journal of Technology Management and Innovation, 7(2). https://doi.org/10.4067/S0718-27242012000200001
Chen, H., & Chen, S. (2012). Investment-cash flow sensitivity cannot be a good measure of financial constraints: Evidence from the time series. Journal of Financial Economics, 103(2). https://doi.org/10.1016/j.jfineco.2011.08.009
Coakley, J., & Huang, W. (2020). P2P lending and outside entrepreneurial finance. European Journal of Finance. https://doi.org/10.1080/1351847X.2020.1842223
Coakley, J., & Lazos, A. (2020). Recent developments in equity crowdfunding: a survey. University of Essex, Colchester.
Dwiyanti, K. A., I Nyoman Putu Budiartha, & DesakGdeDwiArini. (2022). The Use of Online Credit Loan Application Services Reviewed from the Perspective of Agreement Law. Journal of Legal Preferences, 3(2), 276–281. https://doi.org/10.55637/jph.3.2.4930.276-281
Ferina, S. I., Burhanuddin, & Lubis, H. (2016). Review of Village Government Readiness in the Implementation of Minister of Home Affairs Regulation Number 113 of 2014 concerning Village Financial Management (Case Study on Village Government in OganIlir Regency). Sriwijaya Journal of Management and Business, 14(3), 321–336. https://ejournal.unsri.ac.id/index.php/jmbs/article/view/3991
Fishbein, M., & Ajzen, I. (2005). Attitudes, personality and behavior. New York: Open University Press.
Fornell, C., & Larcker, D. F. (1981). Evaluating Structural Equation Models with Unobservable Variables and Measurement Error. Journal of Marketing Research, 18(1). https://doi.org/10.1177/002224378101800104
Ganlin, P., Qamruzzaman, M. D., Mehta, A. M., Naqvi, F. N., & Karim, S. (2021). Innovative finance, technological adaptation and smes sustainability: The mediating role of government support during covid-19 pandemic. Sustainability (Switzerland), 13(16). https://doi.org/10.3390/su13169218
Ghozali, Imam. 2013. Aplikasi Analisis Multivariate with IBM SPSS 21 Update PLS Regression Program. Semarang: Diponegoro University Publishing Board.
HAKIM BF, A. R., GRADUATES, I. G. A., &; SETIAWAN, Y. (2020). Regulation of online lending business or fintech according to positive law in Indonesia. GanecSwara, 14(1), 464. https://doi.org/10.35327/gara.v14i1.122
Hair et al., (1998), Multivariate Data Analysis, Fifth Edition, Prentice Hall, Upper Saddle River: New Jersey.
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate Data Analysis. In Vectors. https://doi.org/10.1016/j.ijpharm.2011.02.019
Hamzah, M. (n.d.). The Influence of Micro and Small Enterprises Development on National Income in the MSE Sector in Indonesia. 127–135.
Hervé, F., & Schwienbacher, A. (2018). CROWDFUNDING AND INNOVATION. Journal of Economic Surveys, 32(5). https://doi.org/10.1111/joes.12274
Hua, X., & Huang, Y. (2021). Understanding China’s fintech sector: development, impacts and risks. European Journal of Finance, 27(4–5).
https://doi.org/10.1080/1351847X.2020.1811131
Hussein, A. S. (2015). Penelitian Bisnis dan Manajemen Menggunakan Partial Least Squares dengan SmartPLS 3.0. Universitas Brawijaya, 1. https://doi.org/10.1023/A:1023202519395
IinIndriani, Nurhayati, &Utaminingsih, S. (2019). Analysis of the impact and legal risks on online lending practices during the pandemic. Rechtsregel, 4(1), 95–107.
Jogiyanto, & Abdillah, W. (2009). Konsep dan Aplikasi PLS (Partial Least Square) untuk Penelitian Empiris. Yogyakarta: BPFE.
Krisnadi, I. W. B. (2016). Analysis of fintech regulations in developing the economy in Indonesia. Journal of Master of Electrical Engineering Universitas MercuBuana, 1–9. https://www.academia.edu/download/55429217/ANALISA_REGULASI_FINTECH_DALAM_MEMBANGUN_PEREKONOMIAN_DI_INDONESIA.pdf
Lubis, A. M. (22021). The Effect of Financial Literacy, Fintech, Peer to Peer Lending, and Payment Gateway on Financial Performance of MSEs (Case StudyUmk Medan City). 42.
Mabonga, M. W. (2020). Financial Bootstrapping Strategy and Sustainability of Small and Medium Enterprises in Kanduyi Sub-County, Kenya. In American International Journal of Business Management (AIJBM) ISSN (Vol. 3, Issue 8).
Makassar, U. N., Andi, J., Pettarani, P., &; Sari, G. (2019). Improving The Welfare Of Business Actors. 1, 37–53.
MS, E. I., Fatma, F., & Hasyim, R. (2022). The Effect Of Perceived Risk, Financial Knowledge And Government Support On User Interest With Perceived Usefulness As An Intervening Variable: Study On E-Wallet Users In Sulawesi. Jurnal Manajemen Universitas Bung Hatta.
Ningtyas, M. N., & Siskawati, E. N. (2022). Financial Literacy, Locus of Control, Financial Technology and Financial Behavior: Case on Undergraduate Students of Maulana Malik Ibrahim Islamic State …. Proceedings of the ….
http://conferences.uin-malang.ac.id/index.php/iconies/article/view/1752
P, I. M. I., Novika, F., Lie, A. A., Nuryati, I., Tinggi, S., & Insurance, M. (2021). Overview Of The Use Of Financial Technology (Fintech) In The Form Of Online Loans (Pinjol) For Mses In Indonesia Introduction One of the advances in finance today is the adaptation of Fintech (Financial Technology). According to The Nationa.13–23.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&ved=2ahUKEwjAtJmEo_XjAhWXb30KHTDbDXAQFjADegQIBRAC&url=https://jurnal.unej.ac.id/index.php/prosiding/article/download/6719/4875/&usg=AOvVaw3TmC8BzQ9Ef193GRW4gVm3
Patanakul, P., & Pinto, J. K. (2014). Examining the roles of government policy on innovation. Journal of High Technology Management Research, 25(2).
https://doi.org/10.1016/j.hitech.2014.07.003
Purnamasari, E. D. (2020). The Effect of Payment Gateway and Peer to Peer Lending (P2P) on Increasing Revenue in Palembang City. Scientific Journal of Today's Global Economics, 11(1), 63. https://doi.org/10.36982/jiegmk.v11i1.1063
Putri, K., Pradhanawarti, A., & Prabawani, B. (2014). The influence of entrepreneurial characteristics, business capital and the role of business development services on business development. Journal of Business Administration, 4(24), 1–10. https://ejournal3.undip.ac.id/index.php/jiab/article/view/6575
Ramadanti Sita Annisa, Nawirjubaedah, &Marlina. (2021). Financial Behavior Analysis of Generation Z in Cashless Society. JournalVisionida, 7(2), 1–14.
file:///C:/Users/Asus/Downloads/02.+Hasbia+1813+(1).pdf
Ratnasari, D. (2020). The Effect of Financial Literacy on MSE Business Sustainability in Makassar City (Issue 259).
Rina Destiana, S. J. (2016). Financial Performance of Micro and Small Enterprises in Cirebon Regency Before and After Getting Sharia Financing. Journal of Financial and Accounting Research, 2(2), 93–103. https://doi.org/10.25134/jrka.v2i2.458
Rita, M. R., & Huruta, A. D. (2020). Financing access and SME performance: A case study from batik SME in Indonesia. International Journal of Innovation, Creativity and Change, 12(12).
Rita, M. R., Nugrahanti, Y. W., & Kristanto, A. B. (2021). Peer-To-Peer Lending, Financial Bootstrapping And Government Support: The Role Of Innovation Mediation On Msme Performance. Economic Horizons, 23(3). https://doi.org/10.5937/ekonhor2103259R
Rofiah, C. (2022). When Fun Turns Into Hedonism: Boon or Calamity? KnE Social Sciences. https://doi.org/10.18502/kss.v7i19.12423
Safitri, N., &Rahadjeng, E. R. (n.d.). Monograf.
Sari, R. P., & Asad, N. (2018). Barrier in Design Innovation of Fashion Business: Evidence from Indonesian Moslem Fashion SME. Jurnal Dinamika Manajemen, 9(1). https://doi.org/10.15294/jdm.v9i1.14653
Setiawan, B., Pandu, N. D., Ahmed, A. M., Emilda, E., & Nathan, R. J. (2023). What Drives Individuals to Adopt Fintech: Extended TAM Model with Gender as Moderating Variable. Jurnal Minds: Manajemen Ide Dan Inspirasi, 10(1).
https://doi.org/10.24252/minds.v10i1.35081
Sihombing, N. M. M., Suryanto, N. E., Mahameru, M., Setiawan, M. R., &; Elisabeth Marsella, S. S., M. L. (2019). The impact of using online loans on the consumptive lifestyle of Yogyakarta students. Syntax, 3, 500–507.
Shinozaki, S. (2014). A New Regime of SME Finance in Emerging Asia: Enhancing Access to Growth Capital and Policy Implications. Journal of International Commerce, Economics and Policy, 5(3). https://doi.org/10.1142/S1793993314400109
Supriadi, A., & Utami, F. (2021). Financial Performance Analysis of MSE Shoes and Sandals in Sindangsari Village, Pabuaran District, Serang Regency. Journal of Social Science Humanities, 5(2), 732–741. https://doi.org/10.22437/jssh.v5i2.15779
Supriyanto, E., &Ismawati, N. (2019). Web-Based Online Loan Fintech Information System. Journal of Information Systems, Information Technology and Computers, 9(2), 100–107. https://jurnal.umj.ac.id/index.php/just-it/article/view/3736/3057
Syafi'i, M., & Bashori, D. C. (2020). Socialization of illegal online loan and investment products based on the assessment of the Financial Services Authority (OJK) on members of the Wisma Perumahan Alam Hijau Jember Dasa. Journal of Science and Technology Community Service, 6(1), 48–54.
http://jurnal.unmuhjember.ac.id/index.php/PENGABDIAN_IPTEKS/article/view/3731
Syarifah, S., Winarno, W. W., &Putro, H. P. (2020). Analysis of the Characteristics of Using Fintech Peer To Peer Lending Applications with PCI Models. Journal of Media InformaticsBudidarma, 4(2), 421. https://doi.org/10.30865/mib.v4i2.2059
Utama, S., &Ilahiyah, I. (2018). Development of a Low Cost Islamic Peer To Peer Financing Model Based on Financial Technology to Accelerate MSE Performance. Islamic Economics Journal, 4(2), 249. https://doi.org/10.21111/iej.v4i2.2966
Winbaktianur, & Siregar, L. M. (2021). Financial Performance of Micro and Small Enterprises. Jurnal Akuntansi Bisnis Pelita Bangsa, 5(02), 121–129.
https://doi.org/10.37366/akubis.v5i02.151
Jonah, N. Y. (2021). Faculty of Economics and BusinessIslamState Islamic Institute (IAIN) Manado 1441 H / 2021 M.
Yusnita, M., & Wibawa, D. P. (2020). Assessing the role of the government and academics in the development of MSEs. Journal of Science and Technology Research, 5(1), 60–70. https://doi.org/10.32528/ipteks.v5i1.3020
Alamsyah, M. F. (2020). The Effect of Financial Literacy and Quality of Financial Management on Financial Performance in Furniture SMEs in Gorontalo City. Economic Forum, 22(2), 245–255. http://journal.feb.unmul.ac.id/index.php/FORUMEKONOMI
Ayem, S., Aji, A. W., & Wahidah, U. (2020). Factors Affecting the Financial Performance of Micro Small and Medium Enterprises (MSMEs) During the Covid 19 Pandemic in Yogyakarta City. International Conference on Technology, Education and Sciences, 121–128.
http://jurnal.ustjogja.ac.id/index.php/incotes/index
Bagozzi, R. P., & Yi, Y. (2012). Specification, evaluation, and interpretation of structural equation models. Journal of the Academy of Marketing Science, 40(1). https://doi.org/10.1007/s11747-011-0278-x
B. Rahardjo, Budi; Khairul, I. A. K. S. (2019). The Influence of Financial Technology (Fintech) on the Development of MSEs in Magelang City. Proceedings of the National Seminar and Call for Papers, Faculty of Economics, Tidar University, 347–356.
Budiyanti, E. (2019). Efforts to overcome illegal online loan services. Brief Info: A brief review of actual and strategic issues, 11(4), 19–24. Short
https://berkas.dpr.go.id/puslit/files/info_singkat/Info---4-II-P3DI-Feb-2019-219.pdf
Business, O., & Outlook, F. (2020). Sustainable and Resilient Finance. OECD.–2020.
Carmines, E. G., & Zeller, R. A. (1982). Reliability and Validity Assessment. 5th printing. Beverly Hills: Sage Publications Inc.
Cen, T., & He, R. (2018). Fintech, Green Finance and Sustainable Development. https://doi.org/10.2991/meeah-18.2018.40
Chandra, A., & Silva, M. A. M. (2012). Business incubation in Chile: Development, financing and financial services. Journal of Technology Management and Innovation, 7(2). https://doi.org/10.4067/S0718-27242012000200001
Chen, H., & Chen, S. (2012). Investment-cash flow sensitivity cannot be a good measure of financial constraints: Evidence from the time series. Journal of Financial Economics, 103(2). https://doi.org/10.1016/j.jfineco.2011.08.009
Coakley, J., & Huang, W. (2020). P2P lending and outside entrepreneurial finance. European Journal of Finance. https://doi.org/10.1080/1351847X.2020.1842223
Coakley, J., & Lazos, A. (2020). Recent developments in equity crowdfunding: a survey. University of Essex, Colchester.
Dwiyanti, K. A., I Nyoman Putu Budiartha, & DesakGdeDwiArini. (2022). The Use of Online Credit Loan Application Services Reviewed from the Perspective of Agreement Law. Journal of Legal Preferences, 3(2), 276–281. https://doi.org/10.55637/jph.3.2.4930.276-281
Ferina, S. I., Burhanuddin, & Lubis, H. (2016). Review of Village Government Readiness in the Implementation of Minister of Home Affairs Regulation Number 113 of 2014 concerning Village Financial Management (Case Study on Village Government in OganIlir Regency). Sriwijaya Journal of Management and Business, 14(3), 321–336. https://ejournal.unsri.ac.id/index.php/jmbs/article/view/3991
Fishbein, M., & Ajzen, I. (2005). Attitudes, personality and behavior. New York: Open University Press.
Fornell, C., & Larcker, D. F. (1981). Evaluating Structural Equation Models with Unobservable Variables and Measurement Error. Journal of Marketing Research, 18(1). https://doi.org/10.1177/002224378101800104
Ganlin, P., Qamruzzaman, M. D., Mehta, A. M., Naqvi, F. N., & Karim, S. (2021). Innovative finance, technological adaptation and smes sustainability: The mediating role of government support during covid-19 pandemic. Sustainability (Switzerland), 13(16). https://doi.org/10.3390/su13169218
Ghozali, Imam. 2013. Aplikasi Analisis Multivariate with IBM SPSS 21 Update PLS Regression Program. Semarang: Diponegoro University Publishing Board.
HAKIM BF, A. R., GRADUATES, I. G. A., &; SETIAWAN, Y. (2020). Regulation of online lending business or fintech according to positive law in Indonesia. GanecSwara, 14(1), 464. https://doi.org/10.35327/gara.v14i1.122
Hair et al., (1998), Multivariate Data Analysis, Fifth Edition, Prentice Hall, Upper Saddle River: New Jersey.
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate Data Analysis. In Vectors. https://doi.org/10.1016/j.ijpharm.2011.02.019
Hamzah, M. (n.d.). The Influence of Micro and Small Enterprises Development on National Income in the MSE Sector in Indonesia. 127–135.
Hervé, F., & Schwienbacher, A. (2018). CROWDFUNDING AND INNOVATION. Journal of Economic Surveys, 32(5). https://doi.org/10.1111/joes.12274
Hua, X., & Huang, Y. (2021). Understanding China’s fintech sector: development, impacts and risks. European Journal of Finance, 27(4–5).
https://doi.org/10.1080/1351847X.2020.1811131
Hussein, A. S. (2015). Penelitian Bisnis dan Manajemen Menggunakan Partial Least Squares dengan SmartPLS 3.0. Universitas Brawijaya, 1. https://doi.org/10.1023/A:1023202519395
IinIndriani, Nurhayati, &Utaminingsih, S. (2019). Analysis of the impact and legal risks on online lending practices during the pandemic. Rechtsregel, 4(1), 95–107.
Jogiyanto, & Abdillah, W. (2009). Konsep dan Aplikasi PLS (Partial Least Square) untuk Penelitian Empiris. Yogyakarta: BPFE.
Krisnadi, I. W. B. (2016). Analysis of fintech regulations in developing the economy in Indonesia. Journal of Master of Electrical Engineering Universitas MercuBuana, 1–9. https://www.academia.edu/download/55429217/ANALISA_REGULASI_FINTECH_DALAM_MEMBANGUN_PEREKONOMIAN_DI_INDONESIA.pdf
Lubis, A. M. (22021). The Effect of Financial Literacy, Fintech, Peer to Peer Lending, and Payment Gateway on Financial Performance of MSEs (Case StudyUmk Medan City). 42.
Mabonga, M. W. (2020). Financial Bootstrapping Strategy and Sustainability of Small and Medium Enterprises in Kanduyi Sub-County, Kenya. In American International Journal of Business Management (AIJBM) ISSN (Vol. 3, Issue 8).
Makassar, U. N., Andi, J., Pettarani, P., &; Sari, G. (2019). Improving The Welfare Of Business Actors. 1, 37–53.
MS, E. I., Fatma, F., & Hasyim, R. (2022). The Effect Of Perceived Risk, Financial Knowledge And Government Support On User Interest With Perceived Usefulness As An Intervening Variable: Study On E-Wallet Users In Sulawesi. Jurnal Manajemen Universitas Bung Hatta.
Ningtyas, M. N., & Siskawati, E. N. (2022). Financial Literacy, Locus of Control, Financial Technology and Financial Behavior: Case on Undergraduate Students of Maulana Malik Ibrahim Islamic State …. Proceedings of the ….
http://conferences.uin-malang.ac.id/index.php/iconies/article/view/1752
P, I. M. I., Novika, F., Lie, A. A., Nuryati, I., Tinggi, S., & Insurance, M. (2021). Overview Of The Use Of Financial Technology (Fintech) In The Form Of Online Loans (Pinjol) For Mses In Indonesia Introduction One of the advances in finance today is the adaptation of Fintech (Financial Technology). According to The Nationa.13–23.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&ved=2ahUKEwjAtJmEo_XjAhWXb30KHTDbDXAQFjADegQIBRAC&url=https://jurnal.unej.ac.id/index.php/prosiding/article/download/6719/4875/&usg=AOvVaw3TmC8BzQ9Ef193GRW4gVm3
Patanakul, P., & Pinto, J. K. (2014). Examining the roles of government policy on innovation. Journal of High Technology Management Research, 25(2).
https://doi.org/10.1016/j.hitech.2014.07.003
Purnamasari, E. D. (2020). The Effect of Payment Gateway and Peer to Peer Lending (P2P) on Increasing Revenue in Palembang City. Scientific Journal of Today's Global Economics, 11(1), 63. https://doi.org/10.36982/jiegmk.v11i1.1063
Putri, K., Pradhanawarti, A., & Prabawani, B. (2014). The influence of entrepreneurial characteristics, business capital and the role of business development services on business development. Journal of Business Administration, 4(24), 1–10. https://ejournal3.undip.ac.id/index.php/jiab/article/view/6575
Ramadanti Sita Annisa, Nawirjubaedah, &Marlina. (2021). Financial Behavior Analysis of Generation Z in Cashless Society. JournalVisionida, 7(2), 1–14.
file:///C:/Users/Asus/Downloads/02.+Hasbia+1813+(1).pdf
Ratnasari, D. (2020). The Effect of Financial Literacy on MSE Business Sustainability in Makassar City (Issue 259).
Rina Destiana, S. J. (2016). Financial Performance of Micro and Small Enterprises in Cirebon Regency Before and After Getting Sharia Financing. Journal of Financial and Accounting Research, 2(2), 93–103. https://doi.org/10.25134/jrka.v2i2.458
Rita, M. R., & Huruta, A. D. (2020). Financing access and SME performance: A case study from batik SME in Indonesia. International Journal of Innovation, Creativity and Change, 12(12).
Rita, M. R., Nugrahanti, Y. W., & Kristanto, A. B. (2021). Peer-To-Peer Lending, Financial Bootstrapping And Government Support: The Role Of Innovation Mediation On Msme Performance. Economic Horizons, 23(3). https://doi.org/10.5937/ekonhor2103259R
Rofiah, C. (2022). When Fun Turns Into Hedonism: Boon or Calamity? KnE Social Sciences. https://doi.org/10.18502/kss.v7i19.12423
Safitri, N., &Rahadjeng, E. R. (n.d.). Monograf.
Sari, R. P., & Asad, N. (2018). Barrier in Design Innovation of Fashion Business: Evidence from Indonesian Moslem Fashion SME. Jurnal Dinamika Manajemen, 9(1). https://doi.org/10.15294/jdm.v9i1.14653
Setiawan, B., Pandu, N. D., Ahmed, A. M., Emilda, E., & Nathan, R. J. (2023). What Drives Individuals to Adopt Fintech: Extended TAM Model with Gender as Moderating Variable. Jurnal Minds: Manajemen Ide Dan Inspirasi, 10(1).
https://doi.org/10.24252/minds.v10i1.35081
Sihombing, N. M. M., Suryanto, N. E., Mahameru, M., Setiawan, M. R., &; Elisabeth Marsella, S. S., M. L. (2019). The impact of using online loans on the consumptive lifestyle of Yogyakarta students. Syntax, 3, 500–507.
Shinozaki, S. (2014). A New Regime of SME Finance in Emerging Asia: Enhancing Access to Growth Capital and Policy Implications. Journal of International Commerce, Economics and Policy, 5(3). https://doi.org/10.1142/S1793993314400109
Supriadi, A., & Utami, F. (2021). Financial Performance Analysis of MSE Shoes and Sandals in Sindangsari Village, Pabuaran District, Serang Regency. Journal of Social Science Humanities, 5(2), 732–741. https://doi.org/10.22437/jssh.v5i2.15779
Supriyanto, E., &Ismawati, N. (2019). Web-Based Online Loan Fintech Information System. Journal of Information Systems, Information Technology and Computers, 9(2), 100–107. https://jurnal.umj.ac.id/index.php/just-it/article/view/3736/3057
Syafi'i, M., & Bashori, D. C. (2020). Socialization of illegal online loan and investment products based on the assessment of the Financial Services Authority (OJK) on members of the Wisma Perumahan Alam Hijau Jember Dasa. Journal of Science and Technology Community Service, 6(1), 48–54.
http://jurnal.unmuhjember.ac.id/index.php/PENGABDIAN_IPTEKS/article/view/3731
Syarifah, S., Winarno, W. W., &Putro, H. P. (2020). Analysis of the Characteristics of Using Fintech Peer To Peer Lending Applications with PCI Models. Journal of Media InformaticsBudidarma, 4(2), 421. https://doi.org/10.30865/mib.v4i2.2059
Utama, S., &Ilahiyah, I. (2018). Development of a Low Cost Islamic Peer To Peer Financing Model Based on Financial Technology to Accelerate MSE Performance. Islamic Economics Journal, 4(2), 249. https://doi.org/10.21111/iej.v4i2.2966
Winbaktianur, & Siregar, L. M. (2021). Financial Performance of Micro and Small Enterprises. Jurnal Akuntansi Bisnis Pelita Bangsa, 5(02), 121–129.
https://doi.org/10.37366/akubis.v5i02.151
Jonah, N. Y. (2021). Faculty of Economics and BusinessIslamState Islamic Institute (IAIN) Manado 1441 H / 2021 M.
Yusnita, M., & Wibawa, D. P. (2020). Assessing the role of the government and academics in the development of MSEs. Journal of Science and Technology Research, 5(1), 60–70. https://doi.org/10.32528/ipteks.v5i1.3020