Corporate governance innovation framework to reduce credit risk in MSMEs using blockchain technology
Alifah S., Mutamimah M., Adnjani M.D.
Abstract
This study aims to design a framework of corporate governance innovation to reduce the credit risks of Micro, Small and Medium Enterprises (MSMEs) by using blockchain technology. The research design uses a qualitative approach with Grounded theory analysis for data analysis with open, axial, and selective coding. This framework consists of two stages, namely development and validation. In-depth interviews are used for data collection to develop the framework while focus group discussions are used for validation. The in-depth interviews are carried out with various stakeholders, such as the government, association, MSMEs, suppliers, and banking. Findings show that blockchain technology as corporate governance innovation framework has the potential to reduce asymmetric information and credit risk. The reason is that blockchain technology can facilitate recording, immutable, partial decentralisation, and storage of business and financial transactions on a digital network and all stakeholders can access information in a transparent and valid manner that can increase transparency, accountability, responsibility, and fairness. Results of the focus group discussion indicate the validity of the proposed framework.
Determinants of micro-, small-and medium-sized enterprise loans by commercial banks in Indonesia
Yudaruddin R.
The roles of SMEs in Asia and their difficulty in assessing finance
Taghizadeh-Hesary F., Yoshino N., Taghizadeh-Hesary F., Yoshino N.
No Title
Anderson R., Charmaz K., Josselson R., McMullen L.M., McSpadden E., Wertz F.J.
Creditworthiness and access to finance: a study of SMEs in the Malaysian manufacturing industry
Abdullah A.H., Nurdin N., Vinayan G., Wasiuzzaman S., Abdullah A.H., Nurdin N., Vinayan G., Wasiuzzaman S., Abdullah A.H., Nurdin N., Vinayan G., Wasiuzzaman S.
Debt financing decisions of SMEs in emerging markets: empirical evidence from Malaysia
Nurdin N., Wasiuzzaman S.
MSMEs and access to financing in a developing economy: The Indonesian experience
Tambunan T.T.H.
Financial literacy and growth of micro, small, and medium enterprises in west java, indonesia
Susan M.
Assessing blockchain potential for improving the cybersecurity of financial transactions
Dhillon G., Smith K.J., Dhillon G., Smith K.J.
Blockchain technology in corporate governance: disrupting chain reaction or not?
Jain G., Munjal A., Rakesh S., Singh H., Jain G., Munjal A., Rakesh S., Singh H., Jain G., Munjal A., Rakesh S., Singh H., Jain G., Munjal A., Rakesh S., Singh H.
Qualitative research practice: A guide for social science students and researchers
Lewis J., Nicholls C.M., Ormston R., Ritchie J.
Approaches to Global Sustainability Markets and Governance
Rosele M.I., Safira M.E., Rofiah K.
Journal of Human Rights Culture and Legal System
Yadav M., Gora K.
Corporate Governance Bingley
Wang X., Wu Q., Zhao J., Barnett W.A.
Computational Economics
