Application of Equity Crowdfunding as an Alternative to MSME Business Funding in Indonesia

Edi Wahjuni and Ayu Citra Santyaningtyas.
Additional contact information
Edi Wahjuni: Faculty of Law, University of Jember, Jember, Indonesia
Ayu Citra Santyaningtyas.: Faculty of Law, University of Jember, Jember, Indonesia

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 10, 454-460

Abstract: During the Covid 19 pandemic that hit Indonesia, the development of MSMEs increased by 60%. This business growth was also followed by a reduction in business in the retail sector due to a lack of business capital and difficulties in applying for credit capital loans through banks or other financial institutions, both through sharia and conventional. Financial technology provides fresh air for MSMEs in providing fast capital assistance. Equity crowdfunding as fintech is very numerous and growing in Indonesia, this is due to the ease of the fast and efficient funding process for MSME business actors. Equity crowdfunding also requires supervision by the Financial Services Authority which is useful for protecting investors as providers of funds through crowdfunding.

Date: 2023
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... issue-10/454-460.pdf (application/pdf)
https://www.rsisinternational.org/journals/ijriss/ ... unding-in-indonesia/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:7:y:2023:i:10:p:454-460

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().