Desi Ilona

Fintech adoption drivers are relevant for tourism-supported culinary SMEs for a number of reasons, including sustainability, economic growth, and technological advancements. This study aims to confirm the fintech adoption drivers among tourism-supported culinary SMEs in West Sumatra, Indonesia. The study uses primary data collected through a survey. Forty-four experts from various relevant academic backgrounds were respondents to this study. Data were analyzed in multiple stages. First, data were analyzed using the univariate test by applying the Mann-Whitney U and Kruskal-Wallis tests. Second, data analysis proceeds to exploratory factor analysis to separate the drivers into several factors. Finally, confirmatory factor analysis was employed using a second-order structural equation model. The result shows that five of the thirteen drivers identified in the literature were deleted due to no expert agreement. Based on exploratory factor analysis, it was found that two factors were created as fintech adoption drivers: time reduction process and new customer attraction factor (factor 1), and ease of use, security, and cost reduction factor (factor 2). The third analysis using second-order smart_PLS indicates that the two factors were confirmed. It can be concluded that two factors drive fintech adoption: (i) time reduction process and new customer attraction factor, and (ii) ease of use, security, and cost reduction factor.

Acknowledgment
This research was funded by the Ministry of Education, Culture, Research and Technology, Republic of Indonesia (No. 186/E5/PG.02.00.PT/2023).
We acknowledge the directorate of higher education, the Ministry of Education, Culture, Research and Technology, Republic of Indonesia, for research funding (No. 186/E5/PG.02.00.PT/2023). Our thanks are also directed to the Rector of Universitas Bung Hatta and anonymous reviewers of this article for constructive suggestions.

Type of the article: Research Article

Abstract
The intersection of Sharia governance practices and Islamic microfinance institutions’ (IMFi) financial resilience in Indonesia is critical to understand, especially given the unique nature and growing importance of Sharia-compliant financial systems in modern economies. This study examines the relationship between Sharia governance practices and IMFi’s financial resilience in Indonesia. The exploratory factor analysis and a Partial Least Squares Structural Equation Model were employed. The results of the exploratory factor analysis identified three distinct components of financial resilience for IMFi: financial performance reflecting the institution’s profitability and efficiency; financial adaptability, indicating its capacity to adjust to economic changes and shocks; and financial robustness, measuring the strength of its capital base and risk management systems to absorb losses. Structural equation modeling using Partial Least Squares reveals a complex relationship between Sharia governance practices and financial resilience; specifically, a strong Sharia governance framework and an institution’s transparency and confidentiality were found to have a significant positive impact on overall financial resilience. Rigid consistency procedures and a more prominent role of the Sharia board were unexpectedly found to negatively influence financial resilience, suggesting that excessive procedural rigidity or overly conservative board oversight might hamper an institution’s ability to respond flexibly to financial challenges. The findings extend contingency- and resource-based theory by evidencing the differential impact of sharia governance practices on financial resilience. This study recommends that managers prioritize transparent reporting systems and regulators mandate a clear governance structure for Indonesia’s Islamic microfinance institutions.

Acknowledgment
The authors gratefully acknowledge the support of the Ministry of Higher Education, Research, and Technology of the Republic of Indonesia for providing the necessary research funding (SP DIPA-0139.04.1.693320/2025 and Contract number: KPt/001/LPPM-UNES/VI/2025).