Main Article Content
Abstract
Micro and Small Enterprises (MSMEs) contribute a major share to the regional economy. In recent times, business competitiveness grows precariously making sustainability a problem. This study aims to provide empirical evidence about the relationship between financial technology, literacy, inclusion, and MSMEs’ sustainability in Sleman. This study uses a quantitative approach with Partial Least Square (PLS). Data were collected from questionnaires of 100 MSMEs in Sleman with a convenience sampling technique. The results reveal that financial technology and literacy impose a positive effect on financial inclusion, while financial technology and literacy exert a positive effect on MSMEs’ sustainability. In addition to that, financial inclusion is also found to have a positive effect on mediating financial technology and literacy influence on MSMEs’ sustainability. This study provides input for MSMEs management to increase the use of financial technology to support MSMEs’ sustainability and for the local government to promote financial literacy for MSMEs and enhance financial inclusion which will ultimately advance MSMEs’ sustainability.
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References
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- Aribawa, D. (2016). Pengaruh literasi kuangan terhadap kinerja dan keberlangsungan UMKM di Jawa Tengah. Jurnal Siasat Bisnis, 20(1), 1–13. https://doi.org/10.1007/s10006-013-0431-4
- Bank Indonesia. (2017). Peraturan Bank Indonesia No.19/12/PBI/2017 - Penyelenggaraan Teknologi Finansial. In Gubernur Bank Indonesia. Retrieved from https://www.bi.go.id/id/sistem-pembayaran/fintech/Contents/default.aspx
- Bank Indonesia. (2020). Mengenal Financial Teknologi. Bank Indonesia. Retrieved from https://www.bi.go.id/id/edukasi/Pages/mengenal-Financial-Teknologi.aspx
- Davis, F. D., Bagozzi, R. P., & Warshaw, P. R. (1989). User acceptance of computer technology: a comparison of two theoretical models. Management Science, 35(8), 982–1003. https://doi.org/https://doi.org/10.1287/mnsc.35.8.982
- Dina, S. (2017). Pemerintah Mau 8 Juta UMKM Pakai Layanan Pembayaran Digital pada 2020. Kominfo. Retrieved from https://www.kominfo.go.id/content/detail/12092/pemerintah-mau-8-juta-umkm-pakai-layanan-pembayaran-digital-pada-2020/0/sorotan_media
- Dinas Koperasi Usaha Kecil dan Menengah Kabupaten Sleman. (2021). Tabel Data UMKM Kabupaten Sleman. Satu Data UMKM. https://dataumkm.slemankab.go.id/newportal
- Fahlevi, R. (2018). Inklusi keuangan syariah melalui inovasi fintech di sektor filantropi. Proceeding IAIN Batusangkar III, 205–212.
- Faqir, A. Al. (2021). Asosiasi Catat Pembiayaan Fintech Hingga Akhir 2020 Capai Rp 155,9 T. Merdeka.Com. Retrieved from https://www.merdeka.com/uang/asosiasi-catat-pembiayaan-fintech-hingga-akhir-2020-capai-rp-1559-t.html
- Hilmawati, M. R. N., & Kusumaningtias, R. (2021). Inklusi keuangan dan literasi keuangan terhadap kinerja dan keberlangsungan sektor usaha mikro kecil menengah. Nominal: Barometer Riset Akuntansi Dan Manajemen, 10(1), 135–152. https://doi.org/10.21831/nominal.v10i1.33881
- Irman, M., Budiyanto, B., & Suwitho, S. (2021). Increasing financial inclusion through financial literacy and financial technology on MSMEs. International Journal of Economics Development Research (IJEDR), 2(2), 126–141. https://doi.org/10.37385/ijedr.v2i2.273
- Kurniawan, M. Z., & Gitayuda, M. B. S. (2020). Peran inklusi keuangan pada perkembangan UMKM di Madura. Conference on Innovation and Application of Science and Technology (CIASTECH), 6, 97–104. http://publishing-widyagama.ac.id/ejournal-v2/index.php/ciastech/article/view/1852
- Kusuma, I. N. P. (2020). Pengaruh literasi keuangan terhadap inklusi keuangan melalui financial technology pada UMKM di Bandar Lampung. Jurnal Manajemen Bisnis Dan Kewirausahaan, 4(5), 247–252.
- LPPI_ID. (2020). LPPI Virtual Seminar #39: Dari Regulatory Sandbox ke RegTech. Retrieved from https://www.youtube.com/watch?v=eLMHz_3sP1M&ab_channel=lppi_id
- Lusardi, A. (2019). Financial literacy and the need for financial education: Evidence and implications. Swiss Journal of Economics and Statistics, 155(1), 1–8. https://doi.org/10.1186/s41937-019-0027-5
- Lusimbo, E. N., & Muturi, W. (2016). Relationship between financial literacy and the growth of micro and small enterprises in Kenya: A case of Kakamega Central Sub-County, Kenya. International Journal of Economics, Commerce and Management, 4(6), 828–845.
- Marini, M., Linawati, L., & Putra, R. E. (2020). Peran fintech terhadap inklusi keuangan pada UMKM Tangerang Selatan. Keberlanjutan: Jurnal Manajemen dan Jurnal Akuntansi, 5(2), 91. https://doi.org/10.32493/keberlanjutan.v5i2.y2020.p91-104
- Nurohman, Y. A., Kusuma, M., & Narulitasari, D. (2021). Fin-Tech, financial inclusion, and sustainability: A quantitative approach of Muslims SMEs. International Journal of Islamic Business Ethics, 6(1), 54. https://doi.org/10.30659/ijibe.6.1.54-67
- Otoritas Jasa Keuangan. (2016). Peraturan OJK No. 76/PJOK.07/2016. In Peraturan Otoritas Jasa Keuangan. Retrieved from https://www.ojk.go.id/id/kanal/edukasi-dan-perlindungan-konsumen/regulasi/peraturan-ojk/Documents/Pages/POJK-tentang-Peningkatan-Literasi-dan-Inklusi-Keuangan-di-Sektor-Jasa-Keuangan-Bagi-Konsumen-dan-atau-masyarakat/SAL - POJK Literasi dan Inklusi Keuang
- Putri, G. A., Widagdo, A. K., & Setiawan, D. (2023). Analysis of financial technology acceptance of peer to peer lending (P2P Lending) using extended technology acceptance model (TAM). Journal of Open Innovation: Technology, Market, and Complexity, 9(1), 100027. https://doi.org/10.1016/j.joitmc.2023.100027
- Rahayu, A. Y., & Musdholifahi. (2017). Pengaruh literasi keuangan terhadap kinerja dan keberlanjutan UMKM di Kota Surabaya. Jurnal Ilmu Manajemen, 5(3). Retrieved from https://adoc.pub/pengaruh-literasi-keuangan-terhadap-kinerja-dan-keberlanjuta.html
- Salsabella, O., & Handri. (2022). Pengaruh literasi keuangan dan financial technology terhadap inklusi keuangan. Bandung Conference Series: Business and Management, 2(1), 703–711. https://doi.org/10.29313/bcsbm.v2i1.2388
- Umar, A. I. (2017). Index of syariah financial inclusion in Indonesia. Buletin Ekonomi Moneter dan Perbankan, 20(1), 99–126. https://doi.org/10.21098/bemp.v20i1.726
- UU No 20 (2008). Undang-Undang Republik Indonesia Nomor 20 Tahun 2008. Retrieved from https://peraturan.bpk.go.id/Home/Details/39653/uu-no-20-tahun-2008
- Widayanti, R., Damayanti, R., & Marwanti, F. (2017). Pengaruh financial literacy terhadap keberlangsungan usaha (business sustainability) pada UMKM desa Jatisari. Jurnal Ilmiah Manajemen & Bisnis, 18(2), 153. https://doi.org/10.30596/jimb.v18i2.1399
- Yanti, W. I. P. (2019). Pengaruh inklusi keuangan dan literasi keuangan terhadap kinerja UMKM di kecamatan Moyo Utara. Jurnal Manajemen dan Bisnis, 2(1).
- Yulianasari, N., & Mahrina, H. (2021). Pengaruh penggunaan fintechterhadap perkembangan literasi dan inklusi keuangan pada UMKM di Kota Bengkulu. Creative Research Management Journal, 4(1), 92. https://doi.org/10.32663/crmj.v4i1.1935
References
Ardiansyah, T. (2019). Model financial dan teknologi (fintech) membantu permasalahan modal wirausaha UMKM di Indonesia. Majalah Ilmiah Bijak, 16(2), 158–166. https://doi.org/10.31334/bijak.v16i2.518
Aribawa, D. (2016). Pengaruh literasi kuangan terhadap kinerja dan keberlangsungan UMKM di Jawa Tengah. Jurnal Siasat Bisnis, 20(1), 1–13. https://doi.org/10.1007/s10006-013-0431-4
Bank Indonesia. (2017). Peraturan Bank Indonesia No.19/12/PBI/2017 - Penyelenggaraan Teknologi Finansial. In Gubernur Bank Indonesia. Retrieved from https://www.bi.go.id/id/sistem-pembayaran/fintech/Contents/default.aspx
Bank Indonesia. (2020). Mengenal Financial Teknologi. Bank Indonesia. Retrieved from https://www.bi.go.id/id/edukasi/Pages/mengenal-Financial-Teknologi.aspx
Davis, F. D., Bagozzi, R. P., & Warshaw, P. R. (1989). User acceptance of computer technology: a comparison of two theoretical models. Management Science, 35(8), 982–1003. https://doi.org/https://doi.org/10.1287/mnsc.35.8.982
Dina, S. (2017). Pemerintah Mau 8 Juta UMKM Pakai Layanan Pembayaran Digital pada 2020. Kominfo. Retrieved from https://www.kominfo.go.id/content/detail/12092/pemerintah-mau-8-juta-umkm-pakai-layanan-pembayaran-digital-pada-2020/0/sorotan_media
Dinas Koperasi Usaha Kecil dan Menengah Kabupaten Sleman. (2021). Tabel Data UMKM Kabupaten Sleman. Satu Data UMKM. https://dataumkm.slemankab.go.id/newportal
Fahlevi, R. (2018). Inklusi keuangan syariah melalui inovasi fintech di sektor filantropi. Proceeding IAIN Batusangkar III, 205–212.
Faqir, A. Al. (2021). Asosiasi Catat Pembiayaan Fintech Hingga Akhir 2020 Capai Rp 155,9 T. Merdeka.Com. Retrieved from https://www.merdeka.com/uang/asosiasi-catat-pembiayaan-fintech-hingga-akhir-2020-capai-rp-1559-t.html
Hilmawati, M. R. N., & Kusumaningtias, R. (2021). Inklusi keuangan dan literasi keuangan terhadap kinerja dan keberlangsungan sektor usaha mikro kecil menengah. Nominal: Barometer Riset Akuntansi Dan Manajemen, 10(1), 135–152. https://doi.org/10.21831/nominal.v10i1.33881
Irman, M., Budiyanto, B., & Suwitho, S. (2021). Increasing financial inclusion through financial literacy and financial technology on MSMEs. International Journal of Economics Development Research (IJEDR), 2(2), 126–141. https://doi.org/10.37385/ijedr.v2i2.273
Kurniawan, M. Z., & Gitayuda, M. B. S. (2020). Peran inklusi keuangan pada perkembangan UMKM di Madura. Conference on Innovation and Application of Science and Technology (CIASTECH), 6, 97–104. http://publishing-widyagama.ac.id/ejournal-v2/index.php/ciastech/article/view/1852
Kusuma, I. N. P. (2020). Pengaruh literasi keuangan terhadap inklusi keuangan melalui financial technology pada UMKM di Bandar Lampung. Jurnal Manajemen Bisnis Dan Kewirausahaan, 4(5), 247–252.
LPPI_ID. (2020). LPPI Virtual Seminar #39: Dari Regulatory Sandbox ke RegTech. Retrieved from https://www.youtube.com/watch?v=eLMHz_3sP1M&ab_channel=lppi_id
Lusardi, A. (2019). Financial literacy and the need for financial education: Evidence and implications. Swiss Journal of Economics and Statistics, 155(1), 1–8. https://doi.org/10.1186/s41937-019-0027-5
Lusimbo, E. N., & Muturi, W. (2016). Relationship between financial literacy and the growth of micro and small enterprises in Kenya: A case of Kakamega Central Sub-County, Kenya. International Journal of Economics, Commerce and Management, 4(6), 828–845.
Marini, M., Linawati, L., & Putra, R. E. (2020). Peran fintech terhadap inklusi keuangan pada UMKM Tangerang Selatan. Keberlanjutan: Jurnal Manajemen dan Jurnal Akuntansi, 5(2), 91. https://doi.org/10.32493/keberlanjutan.v5i2.y2020.p91-104
Nurohman, Y. A., Kusuma, M., & Narulitasari, D. (2021). Fin-Tech, financial inclusion, and sustainability: A quantitative approach of Muslims SMEs. International Journal of Islamic Business Ethics, 6(1), 54. https://doi.org/10.30659/ijibe.6.1.54-67
Otoritas Jasa Keuangan. (2016). Peraturan OJK No. 76/PJOK.07/2016. In Peraturan Otoritas Jasa Keuangan. Retrieved from https://www.ojk.go.id/id/kanal/edukasi-dan-perlindungan-konsumen/regulasi/peraturan-ojk/Documents/Pages/POJK-tentang-Peningkatan-Literasi-dan-Inklusi-Keuangan-di-Sektor-Jasa-Keuangan-Bagi-Konsumen-dan-atau-masyarakat/SAL - POJK Literasi dan Inklusi Keuang
Putri, G. A., Widagdo, A. K., & Setiawan, D. (2023). Analysis of financial technology acceptance of peer to peer lending (P2P Lending) using extended technology acceptance model (TAM). Journal of Open Innovation: Technology, Market, and Complexity, 9(1), 100027. https://doi.org/10.1016/j.joitmc.2023.100027
Rahayu, A. Y., & Musdholifahi. (2017). Pengaruh literasi keuangan terhadap kinerja dan keberlanjutan UMKM di Kota Surabaya. Jurnal Ilmu Manajemen, 5(3). Retrieved from https://adoc.pub/pengaruh-literasi-keuangan-terhadap-kinerja-dan-keberlanjuta.html
Salsabella, O., & Handri. (2022). Pengaruh literasi keuangan dan financial technology terhadap inklusi keuangan. Bandung Conference Series: Business and Management, 2(1), 703–711. https://doi.org/10.29313/bcsbm.v2i1.2388
Umar, A. I. (2017). Index of syariah financial inclusion in Indonesia. Buletin Ekonomi Moneter dan Perbankan, 20(1), 99–126. https://doi.org/10.21098/bemp.v20i1.726
UU No 20 (2008). Undang-Undang Republik Indonesia Nomor 20 Tahun 2008. Retrieved from https://peraturan.bpk.go.id/Home/Details/39653/uu-no-20-tahun-2008
Widayanti, R., Damayanti, R., & Marwanti, F. (2017). Pengaruh financial literacy terhadap keberlangsungan usaha (business sustainability) pada UMKM desa Jatisari. Jurnal Ilmiah Manajemen & Bisnis, 18(2), 153. https://doi.org/10.30596/jimb.v18i2.1399
Yanti, W. I. P. (2019). Pengaruh inklusi keuangan dan literasi keuangan terhadap kinerja UMKM di kecamatan Moyo Utara. Jurnal Manajemen dan Bisnis, 2(1).
Yulianasari, N., & Mahrina, H. (2021). Pengaruh penggunaan fintechterhadap perkembangan literasi dan inklusi keuangan pada UMKM di Kota Bengkulu. Creative Research Management Journal, 4(1), 92. https://doi.org/10.32663/crmj.v4i1.1935