Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia

Research Article

Readiness of East Java MSMEs Bank in Implementing Crowdfunding

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  • @INPROCEEDINGS{10.4108/eai.5-8-2020.2301191,
        author={Sentot Imam Wahjono and Anna Marina and Soo-Fen Fam and Ismail Rasulong},
        title={Readiness of East Java MSMEs Bank  in Implementing Crowdfunding},
        proceedings={Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020,  5 - 6 August 2020, Purwokerto, Indonesia},
        publisher={EAI},
        proceedings_a={ICBAE},
        year={2020},
        month={10},
        keywords={crowdfunding; smes; bpr; readiness rsc},
        doi={10.4108/eai.5-8-2020.2301191}
    }
    
  • Sentot Imam Wahjono
    Anna Marina
    Soo-Fen Fam
    Ismail Rasulong
    Year: 2020
    Readiness of East Java MSMEs Bank in Implementing Crowdfunding
    ICBAE
    EAI
    DOI: 10.4108/eai.5-8-2020.2301191
Sentot Imam Wahjono1,*, Anna Marina1, Soo-Fen Fam2, Ismail Rasulong3
  • 1: Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Surabaya
  • 2: Fakulty of Teknology Management and Technopreneurship, Universiti Teknikal Malaysia Melaka, Malaysia
  • 3: Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Makassar, Indonesia
*Contact email: sentot.imamw@fe.um-surabaya.ac.id

Abstract

Crowdfunding is a financial terminology for funding businesses with an internet base that is suitable for MSMEs. This study aims to determine the readiness of the East Java MSMEs bank in implementing crowdfunding. The research approach used is Mixed Method. Quantitative data was collected after distributing online questionnaires to members of Facebook crowdfunding in Indonesia, as many as 45 sets of answers were analyzed descriptively by giving grades from 1 (not ready) to 10 (very ready). The questionnaire refers to the InfoDev indicator. Qualitative data were obtained by interviewing 6 bank officials about the 6 indicators of readiness to refer to Sancak. This study found evidence that MSMEs banks were ready to implement Crowdfunding even though it was still at an early stage. Much effort is needed to prepare banks to become better equipped with the adoption of the RSC to protect investors or donors.