The Role of Social Capital in the Fintech Application with the Crowdfunding Scheme
Abstract
The crowdfunding phenomenon began to develop in Indonesia since the emergence of various applications that used crowdfunding schemes such as akseleran.com, kitabisa.com, wecare.id, gandengtangan.com, wujudkan.com. Crowdfunding has the hallmark of mutual funds that are interconnected usually through the internet, to invest and support efforts initiated by other people and organizations. Community involvementincrowdfundingrequiressocialcapitalintheformoftrust,socialnetworks and norms. Various studies of crowdfunding and social capital find the role of social capital in the development of crowdfunding. This article intends to gather various views on the role of social capital in fintech applications with crowdfunding schemes in Indonesia and abroad. The development of crowdfunding is not only influenced by social capital but also by regulations governing crowdfunding schemes in each region. Therefore it is important to develop regulatory policies that support the development of crowdfunding and also increase the involvement of the community.
References
[1] J. J. COLAO, “Armchair Venture Capitalists.,” Forbes, 2013.
[2] G. Giudici, M. Guerini, and C. Rossi Lamastra, “Why Crowdfunding Projects Can Succeed: The Role of Proponents’ Individual and Territorial Social Capital,” 2013.
[3] D. Marom, A. Robb, and O. Sade, “Gender Dynamics in Crowdfunding (Kickstarter),” SSRN Work. Pap. No 2442954, 2014.
[4] A. S. Manara, A. R. E. Permata, and R. G. H. Pranjoto, “Strategy Model for Increasing the Potential of Zakat through the Crowdfunding-Zakat System to overcome Poverty in Indonesia,” Int. J. Zakat, 2018.
[5] H. Forbes and D. Schaefer, “Guidelines for Successful Crowdfunding,” in Procedia CIRP, 2017.
[6] European Expert Network on Culture (EENC), “Crowdfunding schemes in europe,” Eur. Expert Netw. Cult., 2011.
[7] C.Liao,Y.Zhu,andX.Liao,“Theroleofinternalandexternalsocialcapitalincrowdfunding:Evidence from China,” Rev. Cercet. si Interv. Soc., 2015.
[8] G.Giudici,M.Guerini,andC.Rossi-Lamastra,“Reward-basedcrowdfundingofentrepreneurialprojects: theeffectoflocalaltruismandlocalizedsocialcapitalonproponents’success,”Small Bus. Econ.,2018.
[9] L.Kang,Q.Jiang,andC.H.Tan,“Remarkableadvocates:Aninvestigationofgeographicdistanceand social capital for crowdfunding,” Inf. Manag., 2017.
[10] M.Irfan,“CROWDFUNDINGSEBAGAIPEMAKNAANENERGIGOTONGROYONGTERBARUKAN,”Share Soc. Work J., 2017.
[11] F. D. S. Gea, “CROWDFUNDING: Gerakan Baru Kegotongroyongan di Indonesia (Tinjauan Evolusi Gerakan Aksi Kolektif Dalam Media Baru),” Ekonomi, 2016.
[12] V. Skirnevskiy, D. Bendig, and M. Brettel, “The Influence of Internal Social Capital on Serial Creators’ Success in Crowdfunding,” Entrep. Theory Pract., 2017.
[13] G.K.C.Ahlers,D.Cumming,C.Günther,andD.Schweizer,“SignalinginEquityCrowdfunding,”Entrep. Theory Pract., 2015.
[14] V. Butticè, M. G. Colombo, and M. Wright, “Serial Crowdfunding, Social Capital, and Project Success,” Entrep. Theory Pract., 2017.
[15] R.H.Coase,“TheProblemofSocialCost,”in Economic Analysis of the Law: Selected Readings,2007.
[16] U. K. Yaumidin, “Economies Based on Reward Sharing: a Case Study in Indonesia’s Tertiary Sector,” J. Indones. Soc. Sci. Humanit., 2008.
[17] Ahmad Erani Yustika. (2012). Ekonomi Kelembagaan: Paradigma, Teori, dan Kebijakan. Penerbit Erlangga
[18] Ahmad Erani Yustika. (2006). Ekonomi Kelembagaan: Definisi, Teori, & Strategi. Bayumedika. Malang.
[19] Eirik G. Furbotn, Rudolf Ricther. (1997). Institutions and Economic Theory. The University of Michigan Press
[20] Peer to Peer landing: POJK 77/2016
[21] Sistem Pembayaran: PBI 19/2017
[22] IndustriKeuanganLainnya:POJK13/2018,dimana2.0LembagaJasaKeuangan,dan3.0NonLembaga Jasa Keuangan
[23] Peraturan Otoritas Jasa Keuangan Nomor /POJK.04/2018 tentang Layanan Urun Dana Melalui Penawaran Saham Berbasis Teknologi Informasi (Equity Crowdfunding)
[24] WidyoGunadi.(2018).FintechSyariah:PeluangdanTantangan.AdvisorGrupInovasiKeuanganDigital dan Pengembangan Keuangan Mikro, Otoritas Jasa Keuangan
[25] BridgetYoung,DarkoHren.IntroductiontoQualitativeResearchMethods.MiRoR(MethodsinResearch on Research)