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All Journal Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan
Budianto Oky Prasetya
Faculty of Economy and Business, Airlangga University
Economics, Econometrics & Finance

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What Makes Small Industries Apply for Loan? Budianto Oky Prasetya; Rudi Purwono
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 23, No 1 (2022): JEP 2022
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v23i1.17680

Abstract

Banking sectors have allocated funds for micro and small-scale enterprises’ financing needs. However, the absorption of this fund is still considered low, particularly among the micro- and smallscale processing industries. The present study hence applied the multinomial logistic regression to understand the small industries’ loan decisions. The data were obtained from the 2019 Micro and Small Industry Survey and Financial Institution Statistics. It was found that income and profit did not exhibit a significant effect in both models and regions. However, the interest rate was found to have a positive effect in both models and regions, contradicting the Loanable Fund Theory. Collateral exhibited a positive effect in each region only in the first model. Meanwhile, other variables like age, financial record, business course, cooperative membership, business assistance (i.e., cooperative, noncooperative, and subsidized credit), internet access, and partnership exhibited different effects on small industries’ loan decisions in each model and region.
Co-Authors Purwono Rudi