Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022)

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Social Security Equitycrowfunding as Funding Optimization for Micro and Winning Small Enterprises (MSMEs)

Authors
Achmad Murdiono1, *, Ely Siswanto1, Subagyo1, Fatwah Inna Aulisaina1, Norzalita Abd Aziz1, 2
1Department of Management, Faculty of Economic and Business, State University of Malang, Malang, Indonesia
2Graduate School of Business, Universiti Kebangsaan, Bandar Baru Bangi, Malaysia
*Corresponding author. Email: achmad.murdiono.fe@um.ac.id
Corresponding Author
Achmad Murdiono
Available Online 16 May 2023.
DOI
10.2991/978-94-6463-178-4_37How to use a DOI?
Keywords
Social Security Equitycrowfunding; Funding; MSMEs
Abstract

Although it acts as one of the supporters of the national economy, the existence of MSMEs cannot be separated from funding problems. The low ability to access capital from banks makes MSMEs often entangled in the debt system that harms MSMEs. This study aims to develop a capital fertilization approach together with the concept of family (social security crowdfunding) for MSMEs. This research uses a development approach (Research and Development) which consists of 3 (three) stages, namely the preliminary study stage, the model preparation stage and the expert validation stage. The results of the study explained that currently there has been a development of a financial technology-based funding model with the concept of security crowfunding. Although the existence and function of security crowfunding is beneficial for the development of MSMEs. However, the concept of security crowfunding in its journey has become a practice of capitalism in MSMEs. The concept of social security equitycrowfunding was developed with a plasma core-based partnership model in providing funding by investors to MSMEs. This concept not only places MSMEs as an investment locomotive for investors to generate profits, but also provides an opportunity for MSMEs to exploit their resources with a profit-sharing pattern.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
16 May 2023
ISBN
10.2991/978-94-6463-178-4_37
ISSN
2352-5428
DOI
10.2991/978-94-6463-178-4_37How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Achmad Murdiono
AU  - Ely Siswanto
AU  - Subagyo
AU  - Fatwah Inna Aulisaina
AU  - Norzalita Abd Aziz
PY  - 2023
DA  - 2023/05/16
TI  - Social Security Equitycrowfunding as Funding Optimization for Micro and Winning Small Enterprises (MSMEs)
BT  - Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022)
PB  - Atlantis Press
SP  - 371
EP  - 379
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-178-4_37
DO  - 10.2991/978-94-6463-178-4_37
ID  - Murdiono2023
ER  -