The role of equity crowdfunding company as a knowledge broker in supporting the digital transformation of SMEs through knowledge sharing and dissemination process

Aji, Ibnu Trunugraha; Priyono, Anjar

doi:10.20525/ijrbs.v10i3.1158

Cited by 4 publications

(7 citation statements)

References 34 publications

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“…The difference in the level of E-commerce adoption shows the complexity in implementing this technology by MSMEs. Further efforts are needed to support MSMEs that face technological or financial barriers to increase adoption rates (Aji, 2021). Many studies document a significant increase in E-commerce adoption by MSMEs.…”

Section: Results and Discussion Level Of E-commerce Adoption By Msmesmentioning

confidence: 99%

The Role of E-commerce for MSMEs as a Digital Marketing Strategy in Facing Industrial Revolution 4.0

Sugiharto

2024

PRODUCTIVITY

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In the era of industrial revolution 4.0, the role of E-commerce for Micro, Small and Medium Enterprises (MSMEs) is becoming increasingly important as a digital marketing strategy. This research aims to investigate the impact of E-commerce adoption by MSMEs in facing changes in global business dynamics. Through the Systematic Literature Review method, we analyzed relevant academic literature to understand the level of adoption, benefits, digital marketing strategies, and the impact of the industrial revolution 4.0 on MSMEs that adopt E-commerce. The research results show that MSMEs that adopt E-commerce experience increased competitiveness through market expansion, increased operational efficiency, and direct interaction with consumers. Digital marketing strategies, such as the use of social media and online advertising, dominate MSME efforts to increase visibility. The role of E-commerce has also proven vital in helping MSMEs adapt to the industrial revolution 4.0. The conclusions of this research highlight the complexity of the challenges and opportunities facing MSMEs, including technological barriers and the need for digital skills development. Policy implications include government support, digital skills development, facilitation of collaboration between MSMEs, and industry 4.0 awareness campaigns. This research provides in-depth insight into the crucial role of E-commerce for MSMEs in facing the industrial revolution 4.0, with the hope of providing guidance for practitioners, researchers and policies to support the growth and sustainability of MSMEs in this digital era.

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Section: Results and Discussion Level Of E-commerce Adoption By Msmesmentioning

confidence: 99%

The Role of E-commerce for MSMEs as a Digital Marketing Strategy in Facing Industrial Revolution 4.0

Sugiharto

2024

PRODUCTIVITY

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“…However, the government's early response helps reduce the impact (Mejia et al, 2019). Entrepreneurs also need to enhance their digital knowledge to understand better their business development (Aji & Priyono, 2021). However, during the crisis, the government's role becomes more critical in strengthening the platform roles to avoid fake campaigns that might jeopardise the ECF market and ensure entrepreneurial activities continue to move (Chandler et al, 2021).…”

Section: Resultsmentioning

confidence: 99%

“…ECF performance is influenced by an understanding of the relational factors (Mejia et al, 2019) and networking (Doern, 2016). ECF promotes the formation of crisis-resistant company models and quickens entrepreneurs' acquisition of knowledge about digitalization and online funding that may spur future growth, especially in initiatives with promising prospects (Aji & Priyono, 2021). Furthermore, adopting equity-based crowdfunding platforms appears to be one of the government's remedies for the sustainability of Malaysia's entrepreneurial scene.…”

Section: Conclusion and Future Researchmentioning

confidence: 99%

Pandemic Chaos: Equity-based Crowdfunding in Malaysia

Kassim¹,

Shafii²

2023

IJARAFMS

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Background: Malaysia, like the majority of other countries, has a system in place to ensure that SMEs do not continue to suffer as a result of the proliferation of Covid-19. Among the measures implemented is the assistance of crowdfunding sites to guarantee that SMEs have alternative financing channels even in the event of a calamity. Furthermore, the entrepreneur must work to solve the challenges that occur as a result of the pandemic. Objectives: To investigate the ECF as an alternate source of capital throughout the Covid-19 choas. Methodology:The content on the Pitch Platforms Sdn Bhd's website from March 18, 2020, to April 5, 2021, as well as the relevant literature on the prospects of crowdfunding in assisting entrepreneurs in acquiring money amid the Covid-19 issue, were observed. Findings/ Implications: The study focuses on the usage of online funding via equity-based platforms in Malaysia during the outbreak. The ECF has a significant impact on Malaysian entrepreneurial finance. ECF encourages the development of crisis-resistant business models and raises entrepreneurs' understanding of digitization, technology, and web financing for expansion plans, particularly in potential business concepts. This analysis also indicates some intriguing research directions.

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“…The equity crowdfunding business model at PT Santara Daya Inspiratama is a platform that connects SMEs and investors online via the Internet. Through this platform, access to information can be easily reached for SMEs and investors (Aji & Priyono, 2021). Investors can benefit from the dividends given by MSMEs every six months every year (Angela, personal communication, September 17, 2021).…”

Section: Findings and Discussion Model Business Implementation In Pt ...mentioning

confidence: 99%

“…The average investor who invests in between invests with a nominal value of 5.79 million rupiah. Santara is an intermediary between investors and issuers in developing business (Octaviani et al, 2021) (Aji & Priyono, 2021)with the concept of sharia providing profits in the form of dividends or profit sharing from business profits which are distributed every 6 months. The system in between does not apply any interest payments.…”

Section: Introductionmentioning

confidence: 99%

The Role of Equity Crowdfunding Business Model in Improving Employee Welfare Based on Maqashid Shari'ah Perspective: Case Study of SMEs listed in Santara Platform

Virgiawan,

Luthfiani

2023

JIEI

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SMEs have a big role in the country's economy. However, during the Covid-19 pandemic, the condition of SMEs declined and needed solutions, especially related to funding. Equity crowdfunding for SMEs is a breakthrough business model that has begun to be studied by many researchers. However, research on equity crowdfunding in SMEs is still rarely done. Moreover, researchers have not specifically analyzed employee welfare in the maqasid shariah perspective which is a research gap. This study aims to analyze the concept of equity crowdfunding management and its impact on employee welfare referring to the maqashid shari'ah perspective which consists of 5 aspects, namely religious protection, protection of life, protection of mind, protection of offspring and protection of property. This research is qualitative research with descriptive analysis method. The data in this study are primary and secondary data, Primary data was obtained through in-depth interviews with 5 SMEs from the food and beverage industry that had been registered at PT Santara Daya Inspiratama for the 2019-2021 period, which were randomly selected. And secondary data in this study is literature related to crowdfunding equity and maqasid shariah. This research results that the equity crowdfunding business model is a business model that overshadows the cooperation between investors and SMEs in capital. It is evident that in general crowdfunding has an important role in improving the welfare of SME employees. Specifically, from the 5 aspects of welfare based on maqasid shari'ah, it was found that there were 2 aspects that had not been achieved, namely the protection of the soul and the protection of offspring. As for the protection of religion, protection of reason and protection of property, SMEs have been able to carry out well with the encouragement of crowdfunding.

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The role of equity crowdfunding company as a knowledge broker in supporting the digital transformation of SMEs through knowledge sharing and dissemination process

Cited by 4 publications

References 34 publications

The Role of E-commerce for MSMEs as a Digital Marketing Strategy in Facing Industrial Revolution 4.0

The Role of E-commerce for MSMEs as a Digital Marketing Strategy in Facing Industrial Revolution 4.0

Pandemic Chaos: Equity-based Crowdfunding in Malaysia

The Role of Equity Crowdfunding Business Model in Improving Employee Welfare Based on Maqashid Shari'ah Perspective: Case Study of SMEs listed in Santara Platform

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