The Role of Branchless Banking in Performance of Households' Micro and Small Enterprises: the Evidence from Indonesia

• Autorzy: Ktut Silvanita Mangani , Yusman Syaukat , Bustanul Arifin , Mangara Tambunan
• Języki publikacji: EN

Abstrakty

EN

In Indonesia, branchless banking (BB) for low-income communities is a new financial channel to create a financial system accessible to all levels of society. This research aims to investigate how to develop BB programs to improve the performance of households' micro and small enterprises (MSEs) in rural areas. The data was collected from 97 MSEs who conducted financial transactions at BB agents. For a case study, as many as 32 agents out of 360 BB agents in Bogor District, West Java, Indonesia were chosen purposively from 13 sub-districts. Then, 97 MSEs were chosen with the experience of conducting transactions through BB agents. The study analyzes the household economic behavior using the model of a simultaneous structural equation, that has not been discussed in prior literature on Branchless Banking studies. The study has found that an increase in the value of financial transactions and investment variables have a positive impact with larger magnitudes on the production and other endogenous variables than an increase of those variables independently. However, the impact on household savings is small. The results imply that the development of MSEs through BB programs is not enough by only providing the speed and ease of financial transactions through the presence of BB agents in rural areas that are close to local businesses. Capacity building by increasing the investment value of micro and small enterprises becomes a factor driving the success of BB programs. (original abstract)

Słowa kluczowe

EN

Banking; Social behaviour; Households; Micro-enterprise

PL

Bankowość; Zachowania społeczne; Gospodarstwa domowe; Mikroprzedsiębiorstwo

• Czasopismo: Economics & Sociology
• Rocznik: 2019
• Tom: 12
• Numer: nr 3
• Strony: 114--131

Twórcy

autor

Ktut Silvanita Mangani

• Universitas Kristen Indonesia - UKI, Indonesia

autor

Yusman Syaukat

• Bogor Agricultural University, Indonesia

autor

Bustanul Arifin

• Lampung University, Indonesia

autor

Mangara Tambunan

• Bogor Agricultural University, Indonesia

Bibliografia

• Aduda, J., & Kalunda, E. (2012). Financial inclusion and financial sector stability with reference to Kenya: A review of literature. Journal of Applied Finance and Banking, 2(6), 95.
• Bagi, F. S., & Singh, I. J. (1974). A Microeconomic Model fo Farm Decisions in an LDC: A Simultaneous Equation Approach.
• Bank Indonesia. (2014). Booklet Keuangan Inklusif Bank Indonesia. [Internet]. [2014 September 25]. Retrieved from: http://www.bi.go.id/id/perbankan/keuanganinklusif/ edukasi/ Contents.
• Bank Indonesia. (2016). Net expansion of micro, small, and medium enterprises (MSMEs) credits. [Internet]. Retrieved from: http://www.bi.go.id/ id/ umkm/kredit/data/ Documents/ Perkembangan Kredit UMKM dan% 20MKM% 20Okt 2016_NE.pdf
• Chuchuen, C. (2016). The Perception of Mobile Banking Adoption: The Study of Behavioral, Security, and Trust in Thailand. International Journal of Social Science and Humanity, 6(7), 547.
• Davidson, N. (2011). Mapping and Effectively Structuring Operator-Bank Relationships to Offer Mobile Money for the Unbanked [Mobile Money for the Unbanked]. London, England: GSM Association.
• Demirguc-Kunt, A., & Levine, R. (2008). Finance, financial sector policies, and long-run growth. The World Bank.
• Derosari, B. B. (2014). Pengaruh kredit dan bantuan modal pada perilaku ekonomi dan kesejahteraan rumahtangga tani di Provinsi Nusa Tenggara Timur [Disertasi].[Bogor (ID)]: Institut Pertanian Bogor (Doctoral dissertation, Tesis. Sekolah Pascasarjana, Institut Pertanian Bogor, Bogor).
• Frani, O. (2017). Dampak Branchless Banking Sebagai Strategi Inklusi Keuangan Terhadap Tingkat Kompetisi Industri Perbankan Indonesia (Studi Kasus Bank Buku 4). Jurnal Ilmiah Mahasiswa FEB, 5(2).
• Heatubun, A. B., & Sinaga, B. M. (2001). Pemberdayaan dan Kegiatan Petani Multikomoditi di Pedesaan Propinsi Maluku: suatu Kajian Ekonomi Rumahtangga. Soca (Socio-Economic of Agriculturre and Agribusiness).
• Ivatury, G., & Mas, I. (2008). The Early Experience with Branchless Banking. Focus Note 46. Washington, D.C.: CGAP
• Jain, C. S. (2015). A Study of Banking Sector's Initiatives Towards Financial Inclusion in India. Journal of Commerce and Management Thought, 6(1), 55.
• Khanan, P. (2016). Aspek yuridis keberadaan agen dalam model branchless banking di sistem perbankan Indonesia. Jurnal Privat Law IV (1):13-20.
• Koutsoyiannis, A. (1977). Theory of econometrics; an introductory exposition of econometric methods(No. 04; HB141, K6 1977.).
• Mas, I. (2009). The economics of branchless banking. Innovations, 4, 57-75.
• McKay, C., & Pickens, M. (2010). Branchless banking 2010: Who's served? At what price? What's next? (Vol. 66). CGAP Focus Note.
• Montazemi, A. R., & Qahri-Saremi, H. (2015). Factors affecting adoption of online banking: A meta-analytic structural equation modeling study. Information & Management, 52(2), 210-226.
• Otoritas Jasa Keuangan. (2015). Laporan Kinerja OJK 2015. [10 April 2016]. Retrived from: http://www.ojk.go.id/id/berita-dan-kegiatan/publikasi/Documents/Pages/laporan-kinerja-ojk-2015/FA_Laporan kinerjaOJK2015rev070116_II.PDF.
• Otoritas Jasa Keuangan. (2016). Laporan Kinerja OJK 2016. Internet. [10 April 2017]. Retrived from: https://www.ojk.go.id/id/data-dan-statistik/laporan-kinerja/Documents/Laporan Kinerja OJK 2016.pdf
• Permadi, A.D. (2017). Persepsi masyarakat desa pendem berbah terhadap teknologi branchless banking. [mini thesis]. Yogyakarta (ID): Universitas Negeri Yogyakarta.
• Phonthanukitithaworn, C., Sellitto, C., & Fong, M. (2015). User intentions to adopt mobile payment services: A study of early adopters in Thailand. Journal of Internet Banking and Commerce, 20(1).
• Sanjaya, I. M. (2014). Inklusi Keuangan Dan Pertumbuhan Inklusif Sebagai Strategi Pengentasan Kemiskinan Di Indonesia (Doctoral dissertation, Tesis).
• Secioktaviany, Z. A., & Asrori, H. (2016). Optimalisasi Manajemen Risiko Sebagai Upaya Preventif Risiko Hukum Pada Bank Penyelenggara branchless Banking Di Indonesia. Privat Law, 4(2).
• Shadikin, R. (2017). Tinjauan maqashid asy-syari'ah terhadap sistem keamanan perbankan pada program branchless banking. [Mini Thesis]. Yogyakarta (ID): UIN Sunan Kalijaga Yogyakarta.
• Shaikh, A. A., & Karjaluoto, H. (2015). Mobile banking adoption: A literature review. Telematics and Informatics, 32(1), 129-142.
• Siddik, M. N. A., Sun, G., Yanjuan, C. U. I., & Kabiraj, S. (2014). Financial Inclusion through Mobile Banking: A Case of Bangladesh. Journal of Applied Finance and Banking, 4(6), 109.
• Sinaga, B.M. (2011). Ekonometrika Lanjut. Bogor (ID): Bogor Agricultural University.
• Untoro, Widodo, P.R., Yuwono, W., Dewi, K., Christina, R. (2014). Layanan keuangan digital; hambatan dan faktor-faktor penentu keberhasilan. Working Paper. Jakarta (ID): Bank Indonesia.
• Wahid, F., & Iswari, L. (2007). Adopsi teknologi informasi oleh usaha kecil dan menengah di Indonesia. Jurnal Inovasi dan Kewirausahaan.
• The World Bank. (2015). Global Financial Development Report 2014. Internet2015 Juni 25. Retrieved from: http://econ.worldbank.org/
• Wibowo, P. W. (2013). Branchless Banking Setelah Multilicense: Ancaman atau Kesempatan Bagi Perbankan Nasional. Bank Indonesia, Jakarta.
• Willis, R., Marshall, J. N., & Richardson, R. (2001). The impact of 'branchless banking'on building society branch networks. Environment and Planning A, 33(8), 1371-1384.
• Yuwono, M. (2017). Strategi penigkatan minat petani menggunakan produk dan jasa keuangan formal dalam rangka keuangan inklusif [dissertation] Bogor (ID): Institut Pertanian Bogor.

Identyfikatory

DOI

10.14254/2071789X.2019/12-3/8