The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia

With over 1.6 billion Muslims across the world, the "Halal" market is worth an estimated US$2.1 trillion a year and is growing at US$500 billion annually due to an ever-increasing Muslim population. Indonesia, having the largest Muslim population in the world, have been concentrating on th...

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Main Author:	Rahman, Maya Puspa
Format:	Conference or Workshop Item
Language:	English English
Published:	2016
Subjects:	HA154 Statistical data HG Finance HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/56679/ http://irep.iium.edu.my/56679/12/56679-program%20book.PDF http://irep.iium.edu.my/56679/1/EAEA2016_Crowdfunding%20Indonesia_Rahman.pdf

id	iium-56679
recordtype	eprints
spelling	iium-566792017-05-19T06:53:30Z http://irep.iium.edu.my/56679/ The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia Rahman, Maya Puspa HA154 Statistical data HG Finance HG4001 Financial management. Business finance. Corporation finance. With over 1.6 billion Muslims across the world, the "Halal" market is worth an estimated US$2.1 trillion a year and is growing at US$500 billion annually due to an ever-increasing Muslim population. Indonesia, having the largest Muslim population in the world, have been concentrating on the development of microfinance services, targeting to develop the microenterprises that have limited access to financial services. In line with the development of financial technology (Fintech), concerted efforts have been placed towards the socio-economic development of the low-earning families in Indonesia. One of the successful Fintech contributions is on the development of affordable houses in Jakarta through crowdfunding, which is expected to bring significant changes to the landscape of finance and growth nexus and hence towards the socio-economic development in Indonesia. As such, this paper analyzes the importance of Fintech through crowdfunding mechanism by developing an integrated database consists of all projects that have used crowdfunding platforms to raise funds. An extended analysis by employing the logistic regression is undertaken to assess on the importance of certain factors over the success rate of raising funds through this mechanism. This research documents the growing importance of crowdfunding not only to the Indonesian people, but also acts as a new gateway for entrepreneurs and investors around the world to be part of the economic development in Indonesia. 2016 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/56679/12/56679-program%20book.PDF application/pdf en http://irep.iium.edu.my/56679/1/EAEA2016_Crowdfunding%20Indonesia_Rahman.pdf Rahman, Maya Puspa (2016) The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia. In: 15th International Convention of the East Asian Economic Association (EAEA 2016), 4th-5th Nov 2016, Bandung, Indonesia. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HA154 Statistical data HG Finance HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HA154 Statistical data HG Finance HG4001 Financial management. Business finance. Corporation finance. Rahman, Maya Puspa The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia
description	With over 1.6 billion Muslims across the world, the "Halal" market is worth an estimated US$2.1 trillion a year and is growing at US$500 billion annually due to an ever-increasing Muslim population. Indonesia, having the largest Muslim population in the world, have been concentrating on the development of microfinance services, targeting to develop the microenterprises that have limited access to financial services. In line with the development of financial technology (Fintech), concerted efforts have been placed towards the socio-economic development of the low-earning families in Indonesia. One of the successful Fintech contributions is on the development of affordable houses in Jakarta through crowdfunding, which is expected to bring significant changes to the landscape of finance and growth nexus and hence towards the socio-economic development in Indonesia. As such, this paper analyzes the importance of Fintech through crowdfunding mechanism by developing an integrated database consists of all projects that have used crowdfunding platforms to raise funds. An extended analysis by employing the logistic regression is undertaken to assess on the importance of certain factors over the success rate of raising funds through this mechanism. This research documents the growing importance of crowdfunding not only to the Indonesian people, but also acts as a new gateway for entrepreneurs and investors around the world to be part of the economic development in Indonesia.
format	Conference or Workshop Item
author	Rahman, Maya Puspa
author_facet	Rahman, Maya Puspa
author_sort	Rahman, Maya Puspa
title	The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia
title_short	The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia
title_full	The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia
title_fullStr	The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia
title_full_unstemmed	The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia
title_sort	contribution of fintech (crowdfunding) to sosio-economic development in indonesia
publishDate	2016
url	http://irep.iium.edu.my/56679/ http://irep.iium.edu.my/56679/12/56679-program%20book.PDF http://irep.iium.edu.my/56679/1/EAEA2016_Crowdfunding%20Indonesia_Rahman.pdf
first_indexed	2023-09-18T21:20:00Z
last_indexed	2023-09-18T21:20:00Z
_version_	1777411818293035008

The contribution of fintech (crowdfunding) to sosio-economic development in Indonesia

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