Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviour
The theoretical framework of the Theory of Planned Behaviour (TPB) has been widely used in analysing behavioural intentions to adopt Islamic finance. However, there is still little research investigating the adoption of Islamic microfinance. This study aims to determine the factors influencing behav...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2022-12-01
|
| Series: | Cogent Business & Management |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23311975.2022.2087466 |
| _version_ | 1818236111173976064 |
|---|---|
| author | Purwanto Purwanto Irwan Abdullah Abdul Ghofur Shodiq Abdullah Misbah Zulfa Elizabeth |
| author_facet | Purwanto Purwanto Irwan Abdullah Abdul Ghofur Shodiq Abdullah Misbah Zulfa Elizabeth |
| author_sort | Purwanto Purwanto |
| collection | DOAJ |
| description | The theoretical framework of the Theory of Planned Behaviour (TPB) has been widely used in analysing behavioural intentions to adopt Islamic finance. However, there is still little research investigating the adoption of Islamic microfinance. This study aims to determine the factors influencing behavioural intentions to adopt Islamic microfinance by developing the Theory of Planned Behaviour (TPB). The development is done by adding religiosity and knowledge variables as antecedents of attitude. A random sample of 262 members of Islamic microfinance. Variance-based partial least-squares structural equation modelling (PLS-SEM) was employed for data analysis. The results show that religiosity and have a significant influence on attitudes. Meanwhile, attitudes, subjective norms, and perceived behavioural control also significantly positively affect behavioural intentions to adopt Islamic microfinance. Then subjective norms greatly determine behavioural intentions to adopt Islamic microfinance. The findings of this study are important for Islamic microfinance to change marketing strategies. Islamic microfinance managers must develop a positive attitude through creating awareness and benefits of Islamic microfinance services by involving community leaders, especially religious leaders. |
| first_indexed | 2024-12-12T12:04:40Z |
| format | Article |
| id | doaj.art-35fe0e24f8114930bed4e9e6c48d5e28 |
| institution | Directory Open Access Journal |
| issn | 2331-1975 |
| language | English |
| last_indexed | 2024-12-12T12:04:40Z |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Business & Management |
| spelling | doaj.art-35fe0e24f8114930bed4e9e6c48d5e282022-12-22T00:25:01ZengTaylor & Francis GroupCogent Business & Management2331-19752022-12-019110.1080/23311975.2022.2087466Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviourPurwanto Purwanto0Irwan Abdullah1Abdul Ghofur2Shodiq Abdullah3Misbah Zulfa Elizabeth4Department of Islamic Economics Studies, Al Husain Islamic College, Magelang, IndonesiaFaculty of Cultural Sciences, Gadjah Mada University, Yogyakarta, IndonesiaDepartment of Islamic Studies, Universitas Islam Negeri Walisongo, Semarang, IndonesiaDepartment of Islamic Studies, Universitas Islam Negeri Walisongo, Semarang, IndonesiaFaculty of Social and Political Science, Universitas Islam Negeri Walisongo, Semarang, IndonesiaThe theoretical framework of the Theory of Planned Behaviour (TPB) has been widely used in analysing behavioural intentions to adopt Islamic finance. However, there is still little research investigating the adoption of Islamic microfinance. This study aims to determine the factors influencing behavioural intentions to adopt Islamic microfinance by developing the Theory of Planned Behaviour (TPB). The development is done by adding religiosity and knowledge variables as antecedents of attitude. A random sample of 262 members of Islamic microfinance. Variance-based partial least-squares structural equation modelling (PLS-SEM) was employed for data analysis. The results show that religiosity and have a significant influence on attitudes. Meanwhile, attitudes, subjective norms, and perceived behavioural control also significantly positively affect behavioural intentions to adopt Islamic microfinance. Then subjective norms greatly determine behavioural intentions to adopt Islamic microfinance. The findings of this study are important for Islamic microfinance to change marketing strategies. Islamic microfinance managers must develop a positive attitude through creating awareness and benefits of Islamic microfinance services by involving community leaders, especially religious leaders.https://www.tandfonline.com/doi/10.1080/23311975.2022.2087466Islamic microfinance adoptionreligiosityknowledgetheory of planned behaviourIndonesia |
| spellingShingle | Purwanto Purwanto Irwan Abdullah Abdul Ghofur Shodiq Abdullah Misbah Zulfa Elizabeth Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviour Cogent Business & Management Islamic microfinance adoption religiosity knowledge theory of planned behaviour Indonesia |
| title | Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviour |
| title_full | Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviour |
| title_fullStr | Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviour |
| title_full_unstemmed | Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviour |
| title_short | Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviour |
| title_sort | adoption of islamic microfinance in indonesia an empirical investigation an extension of the theory of planned behaviour |
| topic | Islamic microfinance adoption religiosity knowledge theory of planned behaviour Indonesia |
| url | https://www.tandfonline.com/doi/10.1080/23311975.2022.2087466 |
| work_keys_str_mv | AT purwantopurwanto adoptionofislamicmicrofinanceinindonesiaanempiricalinvestigationanextensionofthetheoryofplannedbehaviour AT irwanabdullah adoptionofislamicmicrofinanceinindonesiaanempiricalinvestigationanextensionofthetheoryofplannedbehaviour AT abdulghofur adoptionofislamicmicrofinanceinindonesiaanempiricalinvestigationanextensionofthetheoryofplannedbehaviour AT shodiqabdullah adoptionofislamicmicrofinanceinindonesiaanempiricalinvestigationanextensionofthetheoryofplannedbehaviour AT misbahzulfaelizabeth adoptionofislamicmicrofinanceinindonesiaanempiricalinvestigationanextensionofthetheoryofplannedbehaviour |