Encouraging Financial Literacy Through Corporate Social Responsibility of Financial-Service Businesses in Indonesia: A Conceptual Paper
- 10.2991/aebmr.k.200305.010How to use a DOI?
- financial literacy, corporate social responsibility, financial inclusion
The government of Republic of Indonesia, through the Financial Services Authority (OJK), has stipulated regulation No. 76 / POJK.07 / 2016 regarding Promoting Financial Literacy and Inclusion in the Financial-Service Sector for consumers and / or the public. Based on this regulation, all financial-service businesses are required to prepare activity plans in order to promote Financial Literacy within society. The implementation of the plans can be part of Corporate Social Responsibility (CSR) activities. This study aims to formulate a model of CSR activities carried out by the financial-service businesses in order to improve financial literacy in Indonesia. The samples of this study consist of banking companies in Indonesia those are selected by purposive sampling technique. This conceptual paper is carried out by collecting secondary data from annual reports of the selected companies. The technique of analysis applied in this study is a content analysis by noticing CSR activities in the form of financial educations those are published in the banking companies’ annual reports to find the constructs based on middle-range theory in order to formulate the model. The finding of this study is a model which shows that CSR activities conducted by Indonesia banking companies encouraging financial literacy in terms of education activities, technology applications, and banking services. The result of this study is a basic model of integration between CSR and financial literacy to be developed in further research.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Astrie Krisnawati PY - 2020 DA - 2020/03/16 TI - Encouraging Financial Literacy Through Corporate Social Responsibility of Financial-Service Businesses in Indonesia: A Conceptual Paper BT - Proceedings of the 1st International Conference on Accounting, Management and Entrepreneurship (ICAMER 2019) PB - Atlantis Press SP - 38 EP - 42 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200305.010 DO - 10.2991/aebmr.k.200305.010 ID - Krisnawati2020 ER -