Asian Journal of Management, Entrepreneurship and Social Science
Vol. 4 No. 01 (2024): Pebruary, Asian Journal of Management Entrepreneurship and Social Science ( AJ

Mediating Role of Advertising Finance in Crowdfunding Success Factors for MSMEs in Indonesia : Crowdfunding Success Factors

Firmansyah Arifin (Tridinanti University, Indonesia)
Dimas Pratama Putra (Tridinanti University, Indonesia)



Article Info

Publish Date
14 Dec 2023

Abstract

This study aims to explore the impact of financial literacy, funding objectives, and financial advertising content on crowdfunding success, using 115 crowdfunding platforms registered with the Indonesian OJK as a sample. The study employs signaling theory, particularly in the context of equity crowdfunding platforms, where these platforms serve as signals of business quality for small investors, reducing information asymmetry and encouraging investments. The research methodology employed is descriptive quantitative, using logistic regression analysis to test the hypothesis. The study focuses on companies seeking funding through 10 crowdfunding platforms registered with the Indonesian OJK during the year 2023. Secondary data from published crowdfunding platform records are used, and the sample is determined using purposive sampling techniques. The conceptual framework suggests that financial literacy, funding objectives, and financial advertising content act as partial mediators for crowdfunding success, providing valuable information to both project owners and investors to aid in decision-making processes.

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Journal Info

Abbrev

ajmesc

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Asian Journal of Management, Entrepreneurship and Social Science (AJMESC) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality empirical ...