Sasongko Budisusetyo

Type of the article: Research Article

Abstract
This study investigates how financial innovation, financial behavior, and accounting knowledge influence investment decisions, with fintech security tested as a moderating variable. The research focuses on 250 small enterprise owners in Indonesia, allowing for robust path analysis. Purposive sampling was used to ensure participants were active non-professional investors with comparable business scale and digital financial exposure. These enterprises operate primarily in trade, services, and light manufacturing, with annual turnover below IDR 2.5 billion, aligning with Indonesia’s official SME classification. Structured questionnaires were used to collect data for analysis through Structural Equation Modeling (WarpPLS). This analysis indicated that financial innovation (β = 0.383, p = 0.001), accounting knowledge (β = 0.311, p = 0.001), and financial behavior (β = 0.131, p = 0.010) were all positively and significantly related to investment decisions. Fintech security (β = 0.326, p = 0.001) was a direct predictor of investment decisions, and also positively moderated both financial innovation (β = 0.182, p = 0.002) and accounting knowledge (β = 0.166, p = 0.028) on investment decisions. However, fintech security did not significantly moderate financial behavior. These results suggest that technological capability through fintech solutions, financial literacy, and platform security were significant elements affecting investment strategies for small business owners. In terms of policy implications, strict measures should be undertaken in developing features and architecture to scheme out insecurity with technological innovation, improving the accounting literacy of investors, and encouraging the use of innovations to enhance the investment decision quality of small business owners.

Type of the article: Research Article

Abstract
This study examines the impact of fintech usage, accounting knowledge, financial reporting systems, and transparency on stakeholder trust, with banking data security playing a moderating role. Warp PLS was employed to analyze data collected from 231 professional employees of private banks in East Java, Indonesia. The sample was purposefully selected to ensure insights from professionals actively engaged with fintech applications in the banking sector. Respondents were surveyed through structured questionnaires to evaluate their perceptions of fintech integration and its influence on trust-related mechanisms. The study follows strict ethical guidelines to protect human participants and uphold the integrity of the research process. The findings highlight that robust financial reporting systems (β = 0.405, p < 0.001) and transparency (β = 0.336, p < 0.001) significantly enhance stakeholder trust. In contrast, fintech usage (β = –0.010, p = 0.440) and accounting knowledge (β = –0.021, p = 0.370) demonstrated no direct impact. Banking data security was found to positively moderate the relationship between fintech usage (β = 0.169, p = 0.004), financial reporting systems (β = 0.229, p < 0.001), and transparency (β = 0.108, p = 0.047) with stakeholder trust. However, data security did not significantly moderate the effect of accounting knowledge on trust (β = 0.055, p = 0.198), suggesting that stakeholders rely on accounting expertise independent of security measures. These results highlight the importance of prioritizing transparency and data security in banking fintech operations to foster trust among stakeholders in private banks.