Proceedings of the 1ST Bengkulu International Conference on Economics, Management, Business and Accounting (BICEMBA 2023)

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Financial Technology (Peer-to-Peer Lending): Efficiency and Effect on Economic Growth in Indonesia

Authors
Ririn Nopiah1, *, Ratu Eva Febriani2, Antoni Sitorus3
1Faculty of Economics and Business, Bengkulu University, Bengkulu, Indonesia
2Faculty of Economics and Business, Bengkulu University, Bengkulu, Indonesia
3Faculty of Economics and Business, Bengkulu University, Bengkulu, Indonesia
*Corresponding author. Email: ririn_nopiah@unib.ac.id
Corresponding Author
Ririn Nopiah
Available Online 21 December 2023.
DOI
10.2991/978-94-6463-328-3_14How to use a DOI?
Keywords
Financial Technology; P2P lending; Efficiency; Economic,Growth
Abstract

The transformation of the digitalization era has experienced rapid growth, especially in the financial services industry, since the emergence of the Covid-19 pandemic in Indonesia. The advances have created Financial Technology (FinTech) through a digital system known as Peer-to-Peer (P2P) Lending, which is in great demand by the public. However, the magnitude of risk management has an efficiency level that needs to be analyzed, and the multiplier effect of promoting economic growth should also be investigated. This study aims to analyze the efficiency level of FinTech P2P lending and the effect on regional economic growth from 2019 to 2022. The results show that P2P lending will be relatively efficient in 2021–2022. The panel data regression indicates that lending positively and significantly affects economic growth. It is expected to be an efficient and accountable online financing service with a multiplier effect on economic growth.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 1ST Bengkulu International Conference on Economics, Management, Business and Accounting (BICEMBA 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
21 December 2023
ISBN
978-94-6463-328-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-328-3_14How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ririn Nopiah
AU  - Ratu Eva Febriani
AU  - Antoni Sitorus
PY  - 2023
DA  - 2023/12/21
TI  - Financial Technology (Peer-to-Peer Lending): Efficiency and Effect on Economic Growth in Indonesia
BT  - Proceedings of the 1ST Bengkulu International Conference on Economics, Management, Business and Accounting (BICEMBA 2023)
PB  - Atlantis Press
SP  - 116
EP  - 126
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-328-3_14
DO  - 10.2991/978-94-6463-328-3_14
ID  - Nopiah2023
ER  -