CoChat
Sign Up
Cited by 140Islamic Finance and Banking StudiesSMEs Development and Digital MarketingFinancial Literacy and Behavior

Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation

Open access
Menne, Firman, Surya, Batara, Yusuf, Muhammad, Suriani, Seri, Ruslan, Muhlis, Iskandar, Iskandar·2022·Journal of Open Innovation: Technology, Market, and Complexity
DOI 10.3390/joitmc8010018
Open this paper in CoChat — free accountOpen PDF

Abstract

Optimal financial performance based on the use of sharia fintech followed by the stability of Small and Medium Enterprises (SMEs) will have an impact on economic growth.This study aims to analyze the financial performance of SMEs from a sharia economic perspective; analyzing the effect of using sharia fintech on the financial performance and sustainability of SMEs and strengthening human resource capacity, business diversification, business productivity, and product marketing to improve financial performance and business sustainability of SMEs.The study uses a quantitative survey approach.Data were obtained through questionnaires distributed to 350 respondents in 15 districts in the city of Makassar.The results of the study show that human resource capacity and business diversification affect the financial performance of SMEs by 41.8%.Sharia fintech, human resource capacity, business diversification, business productivity, and financial performance have a positive effect on SME business sustainability with a determination coefficient of 65.9%.This study recommends the management of SME businesses based on the use of sharia fintech in supporting the sustainability of SME businesses in Makassar, Indonesia.

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.3390/joitmc8010018

Cites

1 of 1 references verified0 citation errors · 0 not checkable

Statistics

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Cites

Flagged first, then by citations

Research works printed but not linked: 89

  1. Jan, A.; Marimuthu, M.; Hassan, R.; Mehreen. Sustainable Business Practices and Firm's Financial Performance in Islamic Banking: Under the Moderating Role of Islamic Corporate Governance. Sustainability 2019, 11, 6606. [CrossRef] · DOI
  2. Saleem, A.; Setiawan, B.; Barczi, J.; Sagi, J. Achieving Sustainable Economic Growth: Analysis of Islamic Debt and the Islamic Equity Market. Sustainability 2021, 13, 8319. [CrossRef] · DOI
  3. Jiang, X.; Wang, X.; Ren, J.; Xie, Z. The Nexus between Digital Finance and Economic Development: Evidence from China. Sustainability 2021, 13, 7289. [CrossRef] · DOI
  4. Thathsarani, U.S.; Wei, J.; Samaraweera, G. Financial Inclusion's Role in Economic Growth and Human Capital in South Asia: An Econometric Approach. Sustainability 2021, 13, 4303. [CrossRef] · DOI
  5. Saleem, A.; Sagi, J.; Setiawan, B. Islamic Financial Depth, Financial Intermediation, and Sustainable Economic Growth: ARDL Approach. Economies 2021, 9, 49. [CrossRef] · DOI
  6. Rabbani, M.R.; Ali, M.A.M.; Ur Rahiman, H.; Atif, M.; Zulfikar, Z.; Naseem, Y. The Response of Islamic Financial Service to the COVID-19 Pandemic: The Open Social Innovation of the Financial System. J. Open Innov. Technol. Mark. Complex. 2021, 7, 85. [CrossRef] · DOI
  7. Solahudin, D.; Fakhruroji, M. Internet and Islamic Learning Practices in Indonesia: SocialMedia Religious Populism, and Religious Authority. Religions 2020, 11, 19. [CrossRef] · DOI
  8. Barus, E.E.; Nasution, M.Y.; Soemitra, A. Effectiveness of Fintech-Based Sharia Cooperative Development in the New Normal Era: Interpretative Structural Model Approach. Int. J. Sci. Technol. Manag. 2021, 2, 120-126. [CrossRef] · DOI
  9. Najib, M.; Ermawati, W.J.; Fahma, F.; Endri, E.; Suhartanto, D. FinTech in the Small Food Business and Its Relation with Open Innovation. J. Open Innov. Technol. Mark. Complex. 2021, 7, 88. [CrossRef] · DOI · Paper page
  10. Poon, J.; Chow, Y.W.; Ewers, M.; Ramli, R. The Role of Skills in Islamic Financial Innovation: Evidence from Bahrain and Malaysia. J. Open Innov. Technol. Mark. Complex. 2020, 6, 47. [CrossRef] · DOI
  11. Azman, N.H.N.; Zabri, M.Z.M.; Masron, T.A.; Malim, N.A.K. The Utilisation of Islamic Fintech (I-Fintech) in Promoting Sustainable Inclusive Growth: Evidence from Micro-Entrepeneurs in Malaysia. J. Islamic Monet. Econ. Financ. 2020, 6, 555-576. [CrossRef] · DOI
  12. Surya, B. Spatial Interaction Pattern and the Process of City Activity Formation System (Case study, Ternate City, Tidore Archipelago City and Sofifi City of North Maluku, Indonesia). Res. J. Appl. Sci. 2015, 10, 880-892. [CrossRef] · DOI
  13. Mallinguh, E.; Wasike, C.; Zoltan, Z. Technology Acquisition and SMEs Performance, the Role of Innovation, Export and the Perception of Owner-Managers. J. Risk Financ. Manag. 2020, 13, 258. [CrossRef] · DOI
  14. Kijkasiwat, P.; Phuensane, P. Innovation and Firm Performance: The Moderating and Mediating Roles of Firm Size and Small and Medium Enterprise Finance. J. Risk Financ. Manag. 2020, 13, 97. [CrossRef] · DOI
  15. Surya, B. The Dynamics of Spatial Structure and Spatial Pattern Changes at the Fringe Area of Makassar City. Indones. J. Geogr. 2015, 47, 11-19. [CrossRef] · DOI
  16. Hamadamin, H.H.; Atan, T. The Impact of Strategic Human Resource Management Practices on Competitive Advantage Sustainability: The Mediation of Human Capital Development and Employee Commitment. Sustainability 2019, 11, 5782. [CrossRef] · DOI
  17. Lee, M.H.; Yun, J.J.; Pyka, A.; Won, D.; Schiuma, G.; Park, H.; Jeon, J.; Park, K.; Jung, K.; Yan, M.R.; et al. How to Respond to the Fourth Industrial Revolution, or the Second Information Technology Revolution? Dynamic New Combinations between Technology, Market, and Society through Open Innovation. J. Open Innov. Technol. Mark. Complex. 2018, 4, 21. [CrossRef] · DOI
  18. Oseni, U.A.; Ali, S.N. Fintech in Islamic Finance; Theory and Practices, Routledge; Taylor & Francis Group, London & New York. 2019. Available online: https://www.routledge.com/Fintech-in-Islamic-Finance-Theory-and-Practice/Oseni-Ali/p/book/97 81138494800 (accessed on 25 October 2021).
  19. Toader, E.; Firtescu, B.N.; Roman, A.; Anton, S.G. Impact of Information and Communication Technology Infrastructure on Economic Growth: An Empirical Assessment for the EU Countries. Sustainability 2018, 10, 3750. [CrossRef] · DOI
  20. Bahrini, R.; Qaffas, A.A. Impact of Information and Communication Technology on Economic Growth: Evidence from Developing Countries. Economies 2019, 7, 21. [CrossRef] · DOI
  21. Kaplinsky, R. Technology and Innovation for Sustainable Development. In The Palgrave Handbook of Development Economics; Palgrave Macmillan: Cham, Switzerland, 2019; pp. 589-626. Available online: https://link.springer.com/book/10.1007%2F978-3 -030-14000-7 (accessed on 27 October 2021). · DOI
  22. Rohim, A.N.; Priyatno, P.D. Pola Konsumsi dalam Implementasi Gaya Hidup Halal Consumption Patterns in the Impelementation of Halal Lifestyle. J. Ekon. Syariah Dan Bisnis 2021, 4, 26-35.
  23. Adinugraha, H.H.; Sartika, M.; Ulama'i, A.H.A. Halal Lifestyle Di Indonesia. Nisbah J. Ekon. Syariah 2019, 5, 57-81. [CrossRef] · DOI
  24. Mark. Complex. 2021, 7, 136. [CrossRef] · DOI
  25. Alaa Alaabed, F.; Mirakhor, A. Accelerating Risk Sharing Finance via Fintech: NextGen Islamic Finance. In Proceedings of the 1st International Colloqium on Islamic Banking and Islamic Finance, Tehran, Iran, 29-30 November 2017; Available online: https://www.sid.ir/FileServer/SE/433e20170101.pdf (accessed on 24 June 2021).
  26. Xirogiannis, G.; Chytas, P.; Glykas, M.; Valiris, G. Intelligent Impact Assesment of HRM to Shareholder Value. Expert Syst. Appl. 2008, 35, 2017-2031. [CrossRef] · DOI
  27. Ghazali, N.H. Awareness and Perception Analysis of Small Medium Enterprise and Start-Up towards FinTech Instruments; Crowdfunding and Peeer-to-Peer Lending in Malaysia. Int. J. Financ. Bank. Res. 2018, 4, 13-24. [CrossRef] · DOI
  28. Hasan, R.; Hassan, M.K.; Aliyu, S. Fintech and Islamic Finance: Literature Review and Research. Int. J. Islamic Econonomis Financ. 2020, 3, 75-94. [CrossRef] · DOI
  29. Smith, S. Understanding and Acquiring Technology Assets for Global Competition. Technovation 2007, 27, 643-649. [CrossRef] · DOI
  30. Kholis, N. Potret Perkembangan dan Praktik Keuangan Islam di Dunia. Millah Jurnal Studi Agama 2017, XVII, 1-30. [CrossRef] · DOI
  31. Akmal, H.; Ghozali, M. Analisis Perkembangan Ekonomi Islam di Asia Tenggara (Sebuah Kajian Historis). Jurnal Baabu Al-Ilmi 2017, 2, 1-15. [CrossRef] · DOI
  32. Ghozali, M.; Azmi, M.U.; Nugroho, W. Perkembangan Bank Syariah di Asia Tenggara; Kajian Historis. Falah Jurnal Ekonomi Syariah 2019, 4, 44-55. [CrossRef] · DOI
  33. Musyafah, A.A. Perkembangan Perekonomian Islam di Beberapa Negara di Dunia. Diponegoro Private Law Review 2019, 4, 419-427. Available online: https://ejournal2.undip.ac.id/index.php/dplr/article/view/5103 (accessed on 3 November 2021).
  34. Sriprasert, P.; Chainin, O.; Rahman, H.A. Understanding Behavior and Needs of Halal Tourism in Andaman Gulf of Thailand: A Case of Asian Muslim. J. Adv. Manag. Sci. 2014, 2, 216-219. [CrossRef] · DOI
  35. Martin, J.C.; Orden, C.C.; Zergane, S. Islamic Finance and Halal Tourism: An Unexplored Bridge for Smart Specialization. Sustainability 2020, 12, 5736. [CrossRef] · DOI
  36. Karim, A.; Setiawan, M.; Indrawati, N.K.; Mugiono, M. Impact of Halal Standards on Logistic Employee Performance. Acta Logist.-Int. Sci. J. About Logist. 2021, 8, 268-276. [CrossRef] · DOI
  37. Surya, B.; Menne, F.; Sabhan, H.; Suriani, S.; Abubakar, H.; Idris, M. Economic Growth, Increasing Productivity of SMEs, and Open Innovatioan. J. Open Innov. Technol. Mark. Complex. 2021, 7, 20. [CrossRef] · DOI
  38. Oshora, B.; Desalegn, G.; Gorgenyi, H.E.; Fekete, F.M.; Zeman, Z. Determinants of Financial Inclusion in Small and Medium Enterprises: Evidence from Ethiopia. J. Risk Financ. Manag. 2021, 14, 286. [CrossRef] · DOI
  39. Hsien, W.C.; Yuan, L.L.; Bein, C.C. Evaluating Firm Technological Innovation Capability Under Uncertainty. Technovation 2008, 28, 349-363. [CrossRef] · DOI
  40. Liu, J.; Tang, J.; Zhou, B.; Liang, Z. The Effect of Governance Quality on Economic Growth: Based on China's Provincial Panel Data. Economies 2018, 6, 56. [CrossRef] · DOI
  41. Surya, B.; Hadijah, H.; Suriani, S.; Baharuddin, B.; Fitriyah, A.T.; Menne, F.; Rasyidi, E.S. Spatial Transformation of a New City in 2006-2020: Perspectives on the Spatial Dynamics, Environmental Quality Degradation, and Socio-Economic Sustainability of Local Communities in Makassar City, Indonesia. Land 2020, 9, 324. [CrossRef] · DOI
  42. Sira, E.; Vavrek, R.; Kravčáková Vozárová, I.; Kotulič, R. Knowledge Economy Indicators and Their Impact on the Sustainable Competitiveness of the EU Countries. Sustainability 2020, 12, 4172. [CrossRef] · DOI
  43. Setyowati, N. Macroeconomic Determinants of Islamic Banking Products in Indonesia. Economies 2019, 7, 53. [CrossRef] · DOI
  44. Sima, V.; Gheorghe, I.G.; Subi c, J.; Nancu, D. Influences of the Industry 4.0 Revolution on the Human Capital Development and Consumer Behavior: A Systematic Review. Sustainability 2020, 12, 4035. [CrossRef] · DOI
  45. Maksum, I.R.; Rahayu, A.Y.S.; Kusumawardhani, D. A Social Enterprise Approach to Empowering Micro, Small and Medium Enterprises (SMEs) in Indonesia. J. Open Innov. Technol. Mark. Complex. 2020, 6, 50. [CrossRef] · DOI
  46. Diabate, A.; Allate, B.M.; Wei, D.; Yu, L. Do Firm and Entrepreneur Characteristics Play a Role in SMEs' Sustainable Growth in a Middle-Income Economy like Côte d'Ivoire? Sustainability 2019, 11, 1557. [CrossRef] · DOI
  47. Yusuf, M.; Ichsan, R.N.; Saparuddin. Determinasi Investasi dan Pasar Modal Syariah terhadap Pertumbuhan Ekonomi di Indonesia. J. Kaji. Ekon. Publik 2021, 6, 397-401. Available online: https://jurnal.pancabudi.ac.id/index.php/jepa/article/view/ 1121 (accessed on 5 September 2021).
  48. Cristina, I.O.M.; Nicoleta, C.; Cătălin, D.R.; Margareta, F. Regional Development in Romania: Empirical Evidence Regarding the Factors for Measuring a Prosperous and Sustainable Economy. Sustainability 2021, 13, 3942. [CrossRef] · DOI
  49. Zada, M.; Zada, S.; Ali, M.; Zang, Y.; Begum, A.; Han, H.; Ariza, M.A.; Vega, M.A. Development of Local Economy through the Strengthening of Small-Medium-Sized Forest Enterprises in KPK, Pakistan. Sustainability 2021, 13, 10502. [CrossRef] · DOI
  50. Hussain, M.E.; Haque, M. Impact of Economic Freedom on the Growth Rate: A Panel Data Analysis. Economies 2016, 4, 5. [CrossRef] · DOI
  51. Arner, D.W.; Buckley, R.P.; Zetzsche, D.A. Sustainability, FinTech and Financial Inclusion. Eur. Bus. Org. Law. Rev. 2020, 21, 7-35. [CrossRef] · DOI
  52. Garcia-Castro, R.; Ariño, M.A.; Canela, M.A. Does social performance really lead to financial performance? Accounting for endogeneity. J. Bus. Ethics 2010, 92, 107-126. [CrossRef] · DOI
  53. Lassala, C.; Apetrei, A.; Sapena, J. Sustainability Matter and Financial Performance of Companies. Sustainability 2017, 9, 1498. [CrossRef] · DOI
  54. Akben-Selcuk, E. Corporate Social Responsibility and Financial Performance: The Moderating Role of Ownership Concentration in Turkey. Sustainability 2019, 11, 3643. [CrossRef] · DOI
  55. López, M.V.; Garcia, A.; Rodriguez, L. Sustainable development and corporate performance: A study based on the Dow Jones sustainability index. J. Bus. Ethics 2007, 75, 285-300. [CrossRef] · DOI
  56. Soytas, M.A.; Denizel, M.; Usar, D.D. Addressing endogeneity in the causal relationship between sustainability and financial performance. Int. J. Prod. Econ. 2019, 210, 56-71. [CrossRef] · DOI
  57. Mallin, C.; Farag, H.; Ow-Yong, K. Corporate Social Responsibility and Financial Performance in Islamic banks. J. Econ. Behav. Organ. 2014, 103, S21-S38. [CrossRef] · DOI
  58. Menne, F.; Winata, L.; Hossain, M. The Influence of CSR Practices on Financial Performance: Evidence from Islamic Financial Institution in Indonesia. J. Mod. Account. Audit. 2016, 12, 77-90. [CrossRef] · DOI
  59. Torugsa, N.A.; O'Donohue, W.; Hecker, R. Capabilities, Proactive CSR and Financial Performance in SMEs: Empirical Evidence from an Australian Manufacturing Industry Sector. J. Bus. Ethics. 2012, 109, 483-500. [CrossRef] · DOI
  60. Ali Qalati, S.; Li, W.; Ahmed, N.; Mirani, M.A.; Khan, A. Examining the Factors Affecting SME Performance: The Mediating Role of Social Media Adoption. Sustainability 2021, 13, 75. [CrossRef] · DOI
  61. Syed, M.H.; Khan, S.; Rabbani, M.R.; Thalassinos, Y.E. An Artificial Intelligence and NLP based Islamic FinTech Model Combining Zakat and Qardh-Al-Hasan for Countering the Adverse Impact of COVID 19 on SMEs and Individuals. Int. J. Econ. Bus. Adm. 2020, VIII, 351-364. [CrossRef] · DOI
  62. Khan, S.; Rabbani, M.R. In Depth Analysis of Blockchain, Cryptocurrency and Sharia Compliance. Int. J. Bus. Innov. Res. 2020, 1, 1. [CrossRef] · DOI
  63. Suryono, R.R.; Budi, I.; Purwandari, B. Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review. Information 2020, 11, 590. [CrossRef] · DOI
  64. Gheeraert, L. Does Islamic finance spur banking sector development? J. Economic. Behav. Organ. 2014, 103. [CrossRef] · DOI
  65. Ahmed, A. Global financial crisis: An Islamic finance perspective. Int. J. Islamic Middle East. Financ. Manag. 2010, 3, 306-320. [CrossRef] · DOI
  66. Pitluck, A.Z. Islamic banking and finance: Alternative or façade? In Oxford Handbook of the Sociology of Finance; Oxford University Press: Oxford, UK, 2012; pp. 431-449. Available online: https://www.oxfordhandbooks.com/view/10.1093/oxfordhb/97801995 90162.001.0001/oxfordhb-9780199590162-e-23 (accessed on 7 December 2021). · DOI
  67. Ishak, K. The role of Islamic finance in economic development. Lingnan J. Bank. Financ. Econ. 2016, 6, 6. Available online: https://commons.ln.edu.hk/cgi/viewcontent.cgi?article=1036&context=ljbfe (accessed on 5 December 2021).
  68. Mansoor, M.; Ellahi, N.; Hassan, A.; Malik, Q.A.; Waheed, A.; Ullah, N. Corporate Governance, Shariah Governance, and Credit Rating: A Cross-Country Analysis from Asian Islamic Banks. J. Open Innov. Technol. Mark. Complex. 2020, 6, 170. [CrossRef] · DOI
  69. Hernita, H.; Surya, B.; Perwira, I.; Abubakar, H.; Idris, M. Economic Business Sustainability and Strengthening Human Resource Capacity Based on Increasing the Productivity of Small and Medium Enterprises (SMEs) in Makassar City, Indonesia. Sustainability 2021, 13, 3177. [CrossRef] · DOI
  70. Surya, B.; Salim, A.; Hernita, H.; Suriani, S.; Menne, F.; Rasyidi, E.S. Land Use Change, Urban Agglomeration, and Urban Sprawl: A Sustainable Development Perspective of Makassar City, Indonesia. Land 2021, 10, 556. [CrossRef] · DOI
  71. Kucharčíková, A.; Mičiak, M. Human Capital Management in Transport Enterprises with the Acceptance of Sustainable Develop- ment in the Slovak Republic. Sustainability 2018, 10, 2530. [CrossRef] · DOI
  72. Mehmood, R.; Hunjra, A.I.; Chani, M.I. The Impact of Corporate Diversification and Financial Structure on Firm Performance: Evidence from South Asian Countries. J. Risk Financ. Manag. 2019, 12, 49. [CrossRef] · DOI
  73. Han, M.; Lee, S.; Kim, J. Effectiveness of Diversification Strategies for Ensuring Financial Sustainability of Construction Companies in the Republic of Korea. Sustainability 2019, 11, 3076. [CrossRef] · DOI
  74. Ibarra, D.; Bigdeli, A.Z.; Igartua, J.I.; Jaione, G. Business Model Innovation in Established SMEs: A Configurational Approach. J. Open Innov. Technol. Mark. Dan Complex. 2020, 6, 76. [CrossRef] · DOI
  75. MacDonald, A.; Clarke, A.; Huang, L.; Seitanidi, M.M. Partner Strategic Capabilities for Capturing Value from Sustainability- Focused Multi-Stakeholder Partnerships. Sustainability 2019, 11, 557. [CrossRef] · DOI
  76. Lestari, D.; Darma, D.C.; Muliadi, M. Fintech and Micro, Small and Medium Enterprise Development: Special Reference to Indonesia. Entrep. Rev. 2020, 1, 1-9. [CrossRef] · DOI
  77. Tosovic-Stevanovic, A.; Ristanovic, V.; Calovic, D.; Lalic, G.; ZuZa, M.; Cvijanovic, G. Small Farm Business Analysis Using the AHP Model for Efficient Assessment of Distribution Channels. Sustainability 2020, 12, 10479. [CrossRef] · DOI
  78. Ungerman, O.; Dedkova, J. Marketing Innovations in Industry 4.0 and Their Impacts on Current Enterprises. Appl. Sci. 2019, 9, 3685. [CrossRef] · DOI
  79. Hair, J.F., Jr.; Sarstedt, M.; Hopkins, L.; Kuppelwieser, G. Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. Eur. Bus. Rev. 2014, 26, 106-121. [CrossRef] · DOI · Paper page
  80. Fàbregues, S.; Hong, Q.N.; Escalante, B.E.L.; Guetterman, T.C.; Meneses, J.; Fetters, M.D. A Methodological Review of Mixed Methods Research in Palliative and End-of-Life Care (2014-2019). Int. J. Environ. Res. Public Health 2020, 17, 3853. [CrossRef] [PubMed] · DOI
  81. Cantele, S.; Vernizzi, S.; Campedelli, B. Untangling the Origins of Sustainable Commitment: New Insights on the Small vs. Large Firms' Debate Untangling the Origins of Sustainable Commitment: New Insights on the Small vs. Large Firms' Debate. Sustainability 2020, 12, 671. [CrossRef] · DOI
  82. Manzaneque, L.M.; Alfaro, C.E.; de la Cruz, A.M.P. Stakeholders and Long-Term Sustainability of SMEs. Who Really Matters in Crisis Contexts, and When. Sustainability 2019, 11, 6551. [CrossRef] · DOI
  83. Ellitan, L. Creating Sustainability of Small and Medium Enterprises in Surabaya and Surrounding Area. Int. J. Res. Manag. Econ. Commer. 2018, 8, 157-167. 100.
  84. Phan, T.T.H.; Tran, H.X.; Le, T.T.; Nguyen, N.; Pervan, S.; Tran, M.D. The Relationship between Sustainable Development Practices and Financial Performance: A Case Study of Textile Firms in Vietnam. Sustainability 2020, 12, 5930. [CrossRef] 101. Masocha, R. Social Sustainability Practices on Small Businesses in Developing Economies: A Case of South Africa. Sustainability 2019, 11, 3257. [CrossRef] 102. Herr, H.; Nettekoven, Z.M. The Role of Small and Medium-sized Enterprises in Development What Can be Learned from the German Experience? 2017. Available online: https://library.fes.de/pdf-files/iez/14056.pdf (accessed on 22 November 2021). 103. United Nations. Digital Technologies for a New Future. 2021. Available online: https://www.cepal.org/sites/default/files/ publication/files/46817/S2000960_en.pdf (accessed on 21 October 2021). 104. · DOI
  85. Surya, B.; Syafri, S.; Hadijah, H.; Baharuddin, B.; Fitriyah, A.T.; Sakti, H.H. Management of Slum-Based Urban Farming and Economic Empowerment of the Community of Makassar City, South Sulawesi, Indonesia. Sustainability 2020, 12, 7324. [CrossRef] 105. · DOI
  86. Surya, B.; Muhibuddin, A.; Suriani, S.; Rasyidi, E.S.; Baharuddin, B.; Fitriyah, A.T.; Abubakar, H. Economic Evaluation, Use of Renewable Energy, and Sustainable Urban Development Mamminasata Metropolitan, Indonesia. Sustainability 2021, 13, 1165. [CrossRef] 106. Baboshkin, P.; Yegina, N.; Zemskova, E.; Stepanova, D.; Yuksel, S. Non-Classical Approach to Identifying Groups of Countries Based on Open Innovation Indicators. J. Open Innov. Technology. Mark. Complex. 2021, 7, 77. [CrossRef] 107. Yang, X. FinTech in Promoting the Development of Green Finance in China against the Background of Big Data and Artificial Intelligence. In 2020 4th International Seminar on Education Innovation and Economic Management (SEIEM); Francis Academic Press: London, UK, 2020; Available online: https://www.semanticscholar.org/paper/FinTech-in-Promoting-the-Development-of- Green-in-of-Yang/671a78edabf0dc5eb7038bd41c819856cea9d456 (accessed on 25 October 2021). 108. Menne, F. Nilai-Nilai Spiritual dalam Entitas Bisnis Syariah. Celebes Media Perkasa. 2017. Available online: https://bit.ly/ 3ipDK1x (accessed on 28 October 2021). 109. · DOI
  87. Lee, J.L. Green Finance and Sustainable Development Goals: The Case of China. J. Asian Financ. Econ. Bus. 2020, 7, 577-586. [CrossRef] 110. Babel'ová, Z.G.; Stareček, A. Evaluation of Industrial Enterprises' Performance by Different Generations of Employees. Entrep. Sustain. Issues 2021, 9, 346-362. [CrossRef] 111. Babel'ová, Z.G.; Starecek, A.; Koltnerová, K.; Dagmar, C. Perceived Organizational Performance in Recruiting and Retaining Employees with Respect to Different Generational Groups of Employees and Sustainable Human Resource Management. Sustainability 2020, 12, 574. [CrossRef] 112. Moro, V.R.; Rambaud, S.C.; Pascual, J.L. Sustainability in FinTechs: An Explanation through Business Model Scalability and Market Valuation. Sustainability 2020, 12, 10316. [CrossRef] 113. George, G.; Schillebeeckx, S. Digital Sustainability and its Implications for Finance and Climate Change. Macroeconomic Review. 2021. Available online: https://www.mas.gov.sg/-/media/MAS/EPG/MR/2021/Apr/MRApr21_SF_A.pdf (accessed on 29 October 2021). 114. Ferreira, M.C.R.; de Carvalho, F.M.; Sobreiro, V.A. A systematic review of literature about finance and sustainability. J. Sustain. Financ. Investig. 2016, 6, 112-147. [CrossRef] 115. · DOI
  88. Boikova, T.; Sandija, Z.R.S.; Rivza, P.; Rivza, B. The Determinants and Effects of Competitiveness: Digitalization in the European Economies. Sustainability 2021, 13, 11689. [CrossRef] 116. Pizzi, S.; Corbo, L.; Caputo, A. Fintech and SMEs Sustainable Business Models: Reflection and Considerations for a circular economy. J. Clean. Prod. 2020, 281, 1. [CrossRef] 117. · DOI
  89. Surya, B.; Suriani, S.; Menne, F.; Abubakar, H.; Idris, M.; Rasyidi, E.S.; Remmang, H. Community Empowerment and Utilization of Renewable Energy: Entrepreneurial Perspective for Community Resilience Based on Sustainable Management of Slum Settlements in Makassar City, Indonesia. Sustainability 2021, 13, 3178. [CrossRef] · DOI

Cited by

Sorted by citations

Authors
Menne, F., Surya, B., Yusuf, M., Suriani, S., Ruslan, M., & Iskandar, I.
Affiliations
Universitas Bosowa (ID)
Corresponding author
  • Menne, Firman
  • Surya, Batara
ORCID
Venue
Journal of Open Innovation: Technology, Market, and Complexity
Publisher
Elsevier BV
Published
2022-03
Volume
8
Issue
1
Pages
18
ISSN
2199-8531 (ISSN-L)
DOI
10.3390/joitmc8010018
OpenAlex
W4206149746
Cited by
140
References
1
Citations by year
2026: 13 · 2025: 36 · 2024: 42 · 2023: 34 · 2022: 15
FWCI
57.57
Type
journal article
Language
en
Open access
Licence
Locations
  • Journal of Open Innovation Technology Market and Complexity (publishedVersion, cc-by-nc-nd)
  • RePEc: Research Papers in Economics (submittedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion)
  • Econstor (Econstor) (submittedVersion, cc-by)
Topics
  • Social Sciences › Business, Management and Accounting › Accounting › Islamic Finance and Banking Studies
  • Social Sciences › Demography › SMEs Development and Digital Marketing
  • Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy and Behavior
Keywords
sharia fintech, small and medium-sized enterprises, financial performance, corporate sustainability, human resource capacity, business diversification, firm productivity, product marketing, open innovation, Islamic finance, Makassar

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review