Main Article Content

Abstract

This research aimed to determine the effect of financial technologies utilization to increase the competitive advantage of product marketing at the MSME (micro, small, and medium enterprise) micro community Go Nganjuk on facing the 2019 corona virus disease pandemic (COVID-19) by using multiple linear regression analysis method which is strengthened by qualitative analysis. Determination of sample of 40 respondents with a total population of 250 respondents. The result of the study through the distribution of questionnaires and using reliability and validity tests, as well as classical assumption test, which consisting of normality test and heteroscedasticity test, there is an effect of financial technology utilization in the competitive advantage of product marketing. Indicators that affect the financial technology variable. Concluding the results of the study that the maximum use of financial technology can increase competitive advantage in product marketing activities at the MSME Micro Community GO Nganjuk.

Keywords

Financial Technology Competitive Advantage Product Marketing

Article Details

References

  1. Anshari, M., Almunawar, M. N., Masri, M., & Hamdan, M. (2019). Digital marketplace and FinTech to support agriculture sustainability. Energy Procedia, 156(2018), 234–238. https://doi.org/10.1016/j.egypro.2018.11.134
  2. Ayeni, A. W., Ogunnaike, O., Ayeni, E., & Iyiola, O. (2021). Harnessing the sustainable competitive advantage of social motivation in the informal market: A West African society insight. Heliyon, 7(7), e07538. https://doi.org/10.1016/j.heliyon.2021.e07538
  3. Bharadwaj, S. G., Fahy, J., & Varadarajan, P. R. (2015). Sustainable Competitive Advantage in Service Industries: a Conceptual Model and Research Propositions. 57(4), 441–443. https://doi.org/10.1007/978-3-319-13248-8_90
  4. Departemen Kementerian Koperasi dan Usaha Kecil Menengah. (2018). Perkembangan Data Usaha Mikro, Kecil, Menengah (UMKM) Dan Usaha Besar (UB) Tahun 2017 – 2018. 2. https://www.kemenkopukm.go.id/uploads/laporan/1580223129_PERKEMBANGAN DATA USAHA MIKRO, KECIL, MENENGAH (UMKM) DAN USAHA BESAR (UB) TAHUN 2017 - 2018.pdf
  5. Fitriyani, I. N. S. M. N. F. (2020). STRATEGI MANAJEMEN BISNIS PASCA PANDEMI COVID-19. Indonesian Journal of Social Sciences and Humanities, 1(3), 87–95.
  6. Gai, K. ; M. Q. X. S. (2018). A survey on FinTech. Journal of Network and Computer Applications, 103, 262–273.
  7. Gimpel, H., Rau, D., & Röglinger, M. (2018). Understanding FinTech start-ups – a taxonomy of consumer-oriented service offerings. Electronic Markets, 28(3), 245–264. https://doi.org/10.1007/s12525-017-0275-0
  8. Hong, J., Thakuriah, P. (Vonu), Mason, P., & Lido, C. (2020). The role of numeracy and financial literacy skills in the relationship between information and communication technology use and travel behaviour. Travel Behaviour and Society, 21(August), 257–264. https://doi.org/10.1016/j.tbs.2020.07.007
  9. Kerényi, Á., & Molnár, J. (2017). The Impact of the Fintech Phenomenon – Radical Change Occurs in the Financial Sector? Hitelintézeti Szemle, 16(3), 32–50. https://doi.org/10.25201/fer.16.3.3250
  10. Knudsen, E. S., Lien, L. B., Timmermans, B., Belik, I., & Pandey, S. (2021). Stability in turbulent times? The effect of digitalization on the sustainability of competitive advantage. Journal of Business Research, 128(October 2019), 360–369. https://doi.org/10.1016/j.jbusres.2021.02.008
  11. Kuik, O., Branger, F., & Quirion, P. (2019). Competitive advantage in the renewable energy industry: Evidence from a gravity model. Renewable Energy, 131, 472–481. https://doi.org/10.1016/j.renene.2018.07.046
  12. Le, M. T. H. (2021). Heliyon Examining factors that boost intention and loyalty to use Fintech post-COVID-19 lockdown as a new normal behavior. Heliyon, 7(October 2020), e07821. https://doi.org/10.1016/j.heliyon.2021.e07821
  13. Narto, & HM, G. B. (2020). Penguatan Strategi Pemasaran Pudak Di Tengah Pandemi Covid-19 Untuk Meningkatkan Keunggulan. Intech, 6(1), 48–54.
  14. Ozili, P. K. (2018). Impact of digital finance on financial inclusion and stability. Borsa Istanbul Review, 18(4), 329–340. https://doi.org/10.1016/j.bir.2017.12.003
  15. Sugiyono, 10. (2013). Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
  16. Supardianto, Ferdiana, R., & Sulistyo, S. (2019). The role of information technology usage on startup financial management and taxation. Procedia Computer Science, 161, 1308–1315. https://doi.org/10.1016/j.procs.2019.11.246
  17. Suryono, R. R., Budi, I., & Purwandari, B. (2021). Detection of fintech P2P lending issues in Indonesia. Heliyon, 7(4), e06782. https://doi.org/10.1016/j.heliyon.2021.e06782
  18. Vives, X. (2019). Digital Disruption in Banking. Annual Review of Financial Economics, 11, 243–272.
  19. Yao, M., Di, H., Zheng, X., & Xu, X. (2018). Impact of payment technology innovations on the traditional financial industry: A focus on China. Technological Forecasting and Social Change, 135(December 2017), 199–207. https://doi.org/10.1016/j.techfore.2017.12.023.