Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA)

Even though the banking industry is growing exponentially, they are still out of reach of the hardcore poor. The population under poverty remains financially excluded from the mainstream banking facilities. The aim of this paper is to empiricallyexamine the main factors that hinder customers to acce...

Full description

Bibliographic Details
Main Authors:	Abdul Razak, Dzuljastri, Maulana, Hartomi, Adeyemi, Adewale Abideen
Format:	Conference or Workshop Item
Language:	English English
Published:	2017
Subjects:	HG Finance HG3691 Credit
Online Access:	http://irep.iium.edu.my/56870/ http://irep.iium.edu.my/56870/ http://irep.iium.edu.my/56870/1/KLIBEL%20Journal_Paper_2017_final%20%20docx%20%282%29.pdf http://irep.iium.edu.my/56870/2/klibel.pdf

id	iium-56870
recordtype	eprints
spelling	iium-568702017-05-19T02:11:10Z http://irep.iium.edu.my/56870/ Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA) Abdul Razak, Dzuljastri Maulana, Hartomi Adeyemi, Adewale Abideen HG Finance HG3691 Credit Even though the banking industry is growing exponentially, they are still out of reach of the hardcore poor. The population under poverty remains financially excluded from the mainstream banking facilities. The aim of this paper is to empiricallyexamine the main factors that hinder customers to access financing from mainstream banking in Indonesia’s province of East Java using confirmatory factor analysis (CFA). The paper employs primary data collected by self-administered questionnaires involving a sample of 243 respondents from five different regencies in East Java. A CFA techniques were used on the hypothesized model with five latent variables, namely religious, affordability, accessibility eligibility, availability factors. The result reveals that the goodness-of-fit indices are adequate with the hypothesized model using the fit indices criteria. Hence, it can be concluded that the five variables mentioned above are indeed factors that contribute to financial exclusion of microenterprenuers in mainstream banking in East Java, Indonesia. The result would be beneficial to practitioners and policymakers on factors that are important for the financial needs of the microenterprenuers which represent the highest portion of Micro Small and Medium Enterprises (MSMEs) in Indonesia. Keywords: Financial services, Micro-Entrepreneurs, CFA, East Java, Indonesia 2017 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/56870/1/KLIBEL%20Journal_Paper_2017_final%20%20docx%20%282%29.pdf application/pdf en http://irep.iium.edu.my/56870/2/klibel.pdf Abdul Razak, Dzuljastri and Maulana, Hartomi and Adeyemi, Adewale Abideen (2017) Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA). In: Kuala Lumpur International Business, Economics and Law Conference (KLIBEL 9), 16th-17th April 2016, Kuala Lumpur. (Unpublished) http://klibel.com/proceeding/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG Finance HG3691 Credit
spellingShingle	HG Finance HG3691 Credit Abdul Razak, Dzuljastri Maulana, Hartomi Adeyemi, Adewale Abideen Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA)
description	Even though the banking industry is growing exponentially, they are still out of reach of the hardcore poor. The population under poverty remains financially excluded from the mainstream banking facilities. The aim of this paper is to empiricallyexamine the main factors that hinder customers to access financing from mainstream banking in Indonesia’s province of East Java using confirmatory factor analysis (CFA). The paper employs primary data collected by self-administered questionnaires involving a sample of 243 respondents from five different regencies in East Java. A CFA techniques were used on the hypothesized model with five latent variables, namely religious, affordability, accessibility eligibility, availability factors. The result reveals that the goodness-of-fit indices are adequate with the hypothesized model using the fit indices criteria. Hence, it can be concluded that the five variables mentioned above are indeed factors that contribute to financial exclusion of microenterprenuers in mainstream banking in East Java, Indonesia. The result would be beneficial to practitioners and policymakers on factors that are important for the financial needs of the microenterprenuers which represent the highest portion of Micro Small and Medium Enterprises (MSMEs) in Indonesia. Keywords: Financial services, Micro-Entrepreneurs, CFA, East Java, Indonesia
format	Conference or Workshop Item
author	Abdul Razak, Dzuljastri Maulana, Hartomi Adeyemi, Adewale Abideen
author_facet	Abdul Razak, Dzuljastri Maulana, Hartomi Adeyemi, Adewale Abideen
author_sort	Abdul Razak, Dzuljastri
title	Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA)
title_short	Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA)
title_full	Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA)
title_fullStr	Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA)
title_full_unstemmed	Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA)
title_sort	measuring barriers to access financial services in east java, indonesia: a confirmatory factor analysis (cfa)
publishDate	2017
url	http://irep.iium.edu.my/56870/ http://irep.iium.edu.my/56870/ http://irep.iium.edu.my/56870/1/KLIBEL%20Journal_Paper_2017_final%20%20docx%20%282%29.pdf http://irep.iium.edu.my/56870/2/klibel.pdf
first_indexed	2023-09-18T21:20:17Z
last_indexed	2023-09-18T21:20:17Z
_version_	1777411836307570688

Measuring barriers to access financial services in east java, Indonesia: a Confirmatory Factor Analysis (CFA)

Similar Items