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.
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References
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- 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.
- Gai, K. ; M. Q. X. S. (2018). A survey on FinTech. Journal of Network and Computer Applications, 103, 262–273.
- 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
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- 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
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- Narto, & HM, G. B. (2020). Penguatan Strategi Pemasaran Pudak Di Tengah Pandemi Covid-19 Untuk Meningkatkan Keunggulan. Intech, 6(1), 48–54.
- 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
- Sugiyono, 10. (2013). Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
- 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
- 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
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- 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.
References
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
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
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
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
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.
Gai, K. ; M. Q. X. S. (2018). A survey on FinTech. Journal of Network and Computer Applications, 103, 262–273.
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
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
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
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
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
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
Narto, & HM, G. B. (2020). Penguatan Strategi Pemasaran Pudak Di Tengah Pandemi Covid-19 Untuk Meningkatkan Keunggulan. Intech, 6(1), 48–54.
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
Sugiyono, 10. (2013). Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
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
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
Vives, X. (2019). Digital Disruption in Banking. Annual Review of Financial Economics, 11, 243–272.
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.