Faktor Penghambat dalam Mengakses Pembiayaan pada Pengusaha Mikro di Karesidenan Madiun: Second Order CFA

Hartomi Maulana, Mohammad Zaenal Abidin

= http://dx.doi.org/10.20473/jmtt.v12i3.15792
Abstract views = 286 times | downloads = 174 times

Abstract


This paper examines factors that may hinder micro, small and medium enterprises (MSMEs) in accessing financing from banking services in the area of Madiun Raya. Among barrier access to finance factors is complicated eligibility, low accessibilities and religious factors. However, this study further highlights three factors of barrier access to finance by using Second-order Confirmatory Factor Analysis (CFA) to validate these factors. In achieving the objectives, a quantitative approach was applied in this study. This study uses primary data collected through a questionnaire involving 146 selected respondents who have micro businesses around the Madiun Raya area which includes Magetan, Ngawi, Ponorgo, Madiun and Madiun Kota. Structural Equation Modeling (SEM) in this case, second-order CFA is used as an analysis technique. The study revealed that second order CFA validates three variables which include religious factors, low accessibility and low eligibility are in the best fit indices as factor of access barrier to finance to financial services around Madiun raya area. With the results of this study, it allows academics and researchers to find out the factors that can prevent micro businesses in accessing finance in the context of Indonesian banking institutions.


Keywords


factor of barrier access to finance, MSMEs, Madiun Raya, BPS, EFA, Second Order CFA

Full Text:

PDF

References


Milfont, T. L., dan Duckitt, J. 2004. The structure of environmental attitudes: A first- and second-order confirmatory factor analysis. Journal of Environmental Psychology. 24(3). 289–303. http://doi.org/10.1016/j.jenvp.2004.09.001.

Mustapha, B., dan Bolaji, B, Y. 2015. Measuring Lecturers Commitment Scales: A Second order Confirmatory Factor Analysis (CFA). International Journal of Education and Research. 3(3): 505-516.

Nunnally, J.C., dan Bernstein, I.H. 1994. Psychometric Theory (3rded.). New York: McGraw Hill OIC Outlook Series. 2012. Islamic Finance in OIC member countries. SESRIC, May. Retrieved on http://www.sesrtcic.org/files/article/450.pdf.

World Bank. 2011. East Java Growth Diagnostic Identifying the Constraints to Inclusive Growth in Indonesia’s Second-Largest Province. Jakarta: World Bank Office Jakarta.

World Bank. 2010. East Java Growth Diagnostic Identifying the Constraints to Inclusive Growth in Indonesia’s Second-Largest Province. Jakarta: World Bank Office Jakarta.


Refbacks

  • There are currently no refbacks.


Indexed by:

      

 

Creative Commons Licence

Jurnal Manajemen Teori dan Terapan by Universitas AirlanggaDepartment of Management, Faculty of Economics and Business, is licensed under a Creative Commons Attribution 4.0 International License.

 

View JMTT Stats