Employee Career Constraint and Innovation

Suhardianto, Novrys; Godigbe, Bright

doi:10.2139/ssrn.2946851

Cited by 2 publications

(3 citation statements)

References 32 publications

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“…Innovation is the most important driver for firms (banks) to achieve long-term business growth and to win over the competition (Suhardianto & Godigbe, 2018). As long as P2P loans have not yet entered the domain of non-MSME debtors, the traditional banking position is still relatively safe.…”

Section: Discussionmentioning

confidence: 99%

Indonesian Peer to Peer Lending (P2p) at Entrant’s Disruptive Trajectory

Kohardinata

Soewarno

Tjahjadi

2020

Business: Theory and Practice

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Peer to peer (P2P) lending in Indonesia has been growing rapidly, therefore there is the potential for disruptive innovation processes in the financial sector. The aim of this study is to examine the impact of the growth of P2P lending on the growth of bank lending for micro, small and medium enterprises (MSME) and Non-MSME debtors. Separating the scale of the debtor is important, given the initial process of disruptive innovation of reaching areas that are not the incumbent’s main target. The examination was conducted in this study using panel data regression, whereby the examination was done in stages. This was an overall examination without differentiating between the regions, further examination conducted with more detail by separating between the loans inside and outside Java Island. This is because the economic structure in Indonesia is still dominated by the regions in Java, but FinTech is generally able to grow in areas with less developed local economies. The result of this study is consistent overall, Java and outside Java Island, as shows that the growth in P2P lending in Indonesia does not have a significant impact on the growth of bank loans for Non-MSME lending. However, it does have a negative impact on the growth of bank loans for MSME lending. This is in line with the entrant’s disruptive trajectory process by which the entrants enter the competition through an underserved market (niche markets) and not through the main target market of the incumbent (MSME).

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Section: Discussionmentioning

confidence: 99%

Indonesian Peer to Peer Lending (P2p) at Entrant’s Disruptive Trajectory

Kohardinata

Soewarno

Tjahjadi

2020

Business: Theory and Practice

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“…Finally, we add to the literature investigating the influence of the IDD implementation on corporate policies such as investments in knowledge assets (Contigiani et al, 2018;Qiu & Wang, 2018;Suhardianto & Godigbe, 2017), mergers and acquisitions (Chen et al, 2021), and corporate risk-taking (Islam et al, 2020). Especially, our study extends Klasa et al (2018) that reveal the positive effect of the IDD adoption on a firm's financial leverage by reducing the value of untapped debt capacity through enhanced trade secret protection.…”

mentioning

confidence: 77%

“…Finally, we add to the literature investigating the influence of the IDD implementation on corporate policies such as investments in knowledge assets (Contigiani et al., 2018; Qiu & Wang, 2018; Suhardianto & Godigbe, 2017), mergers and acquisitions (Chen et al., 2021), and corporate risk‐taking (Islam et al., 2020). Especially, our study extends Klasa et al.…”

Section: Introductionmentioning

confidence: 99%

Proprietary information and the choice between public and private debt

Bae,

Dai,

Tan

et al. 2023

Accounting & Finance

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The high costs of disclosing confidential information lead firms with proprietary information to prefer private debt (bank loan) to public debt (corporate bond). We provide empirical evidence supporting this proposition using the staggered adoption of the inevitable disclosure doctrine (IDD) by US state courts that exogenously increased the value of proprietary information. The focal firms are significantly less likely to issue bonds after the IDD adoption. Financing through public debt decreases more for firms in which the protection of proprietary information is relatively more important.

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Employee Career Constraint and Innovation

Cited by 2 publications

References 32 publications

Indonesian Peer to Peer Lending (P2p) at Entrant’s Disruptive Trajectory

Indonesian Peer to Peer Lending (P2p) at Entrant’s Disruptive Trajectory

Proprietary information and the choice between public and private debt

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