Determinants of SMEs intention to adopt Islamic crowdfunding model in Northwestern Nigeria
Journal of Islamic Accounting and Business Research
ISSN: 1759-0817
Article publication date: 23 December 2020
Issue publication date: 4 March 2021
Abstract
Purpose
The study aims is to examine the determinant factors of small and medium enterprises’ (SMEs’) intention to adopt the Islamic crowdfunding model as alternative sources of finance.
Design/methodology/approach
Using a survey questionnaire, 385 responses were received from owners and managers of SMEs in three states (Kano, Kaduna and Katsina) of northwestern Nigeria and analyses using PLS-SEM 3.0 software.
Findings
All hypotheses were found to be significant.
Research limitations/implications
The research focused only on northwestern Nigeria; there is a need for further research to focus on other geographical zones in Nigeria.
Practical implications
Crowd funders and policymakers can use these findings to enable the adoption of the Islamic crowdfunding model.
Originality/value
The previous study has not examined the role of technology acceptance model in the adoption of the financial model; these findings contribute to the crowdfunding literature by filling this gap.
Keywords
Citation
Kazaure, M.A., Abdullah, A.R., Zawawi, D.B. and Hamzah, A. (2021), "Determinants of SMEs intention to adopt Islamic crowdfunding model in Northwestern Nigeria", Journal of Islamic Accounting and Business Research, Vol. 12 No. 2, pp. 204-217. https://doi.org/10.1108/JIABR-12-2019-0234
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited