Encouraging Financial Literacy Through Corporate Social Responsibility of Financial-Service Businesses in Indonesia: A Conceptual Paper

DOI

10.2991/aebmr.k.200305.010How to use a DOI?

Keywords

financial literacy, corporate social responsibility, financial inclusion

Abstract

The government of Republic of Indonesia, through the Financial Services Authority (OJK), has stipulated regulation No. 76 / POJK.07 / 2016 regarding Promoting Financial Literacy and Inclusion in the Financial-Service Sector for consumers and / or the public. Based on this regulation, all financial-service businesses are required to prepare activity plans in order to promote Financial Literacy within society. The implementation of the plans can be part of Corporate Social Responsibility (CSR) activities. This study aims to formulate a model of CSR activities carried out by the financial-service businesses in order to improve financial literacy in Indonesia. The samples of this study consist of banking companies in Indonesia those are selected by purposive sampling technique. This conceptual paper is carried out by collecting secondary data from annual reports of the selected companies. The technique of analysis applied in this study is a content analysis by noticing CSR activities in the form of financial educations those are published in the banking companies’ annual reports to find the constructs based on middle-range theory in order to formulate the model. The finding of this study is a model which shows that CSR activities conducted by Indonesia banking companies encouraging financial literacy in terms of education activities, technology applications, and banking services. The result of this study is a basic model of integration between CSR and financial literacy to be developed in further research.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Astrie Krisnawati
PY  - 2020
DA  - 2020/03/16
TI  - Encouraging Financial Literacy Through Corporate Social Responsibility of Financial-Service Businesses in Indonesia: A Conceptual Paper
BT  - Proceedings of the 1st International Conference on Accounting, Management and Entrepreneurship (ICAMER 2019)
PB  - Atlantis Press
SP  - 38
EP  - 42
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200305.010
DO  - 10.2991/aebmr.k.200305.010
ID  - Krisnawati2020
ER  -