Implementation of Prudential Principles in Providing Credit Loans to Shopee Marketplace Consumers

Published: Dec 29, 2023

Abstract:

Purpose: The aim of this study is to analyze the application of the prudence principle for finance companies in providing credit loans to shop marketplace consumers.

Research methodology: This study employs a normative empirical method using a descriptive analysis approach. Secondary data were acquired through meticulous literature review and subjected to qualitative analysis. Rigorous literature selection ensured data validity. The outcomes of the analysis served as the basis for accurate conclusions within the research.

Results: The findings and discussion of this study encompassed two pivotal dimensions. The first is the urgency to implement the prudence principle in extending credit loans within the Shopee marketplace. This includes the implications and practical implementation of the principles of financial transactions on the platform. Second, it identifies the challenges associated with applying prudence to credit loan provisions.

Limitations: Providing credit loans to shop marketplace consumers does not fully implement prudence. In practice, this principle emphasizes that Shopee requires in-depth analysis before providing credit loans to its consumers. Shopees should carry out a comprehensive analysis to provide credit loans, which includes character analysis, capability analysis, capital analysis, collateral analysis, and analysis of economic conditions, proactively to reduce the risks that may occur. during the process of granting credit and repayment.

Contribution: This study provides a comprehensive understanding of the prudence principle in the context of extending credit loans to consumers within the framework of the Shopee e-commerce platform.

Keywords:
1. Financing Companies
2. Shopee
3. Prudence Principle
Authors:
1 . Ananda Dwi Kartika
Faculty of Law, Lampung University, Indonesia
2 . Dewi Septiana
Faculty of Law, Lampung University, Indonesia
3 . Nenny Dwi Ariani
Faculty of Law, Lampung University, Indonesia
4 . Kasmawati Kasmawati
Faculty of Law, Lampung University, Indonesia
5 . Siti Nurhasanah
Faculty of Law, Lampung University, Indonesia
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How to Cite
Kartika, A. D., Septiana, D., Ariani, N. D., Kasmawati, K., & Nurhasanah, S. (2023). Implementation of Prudential Principles in Providing Credit Loans to Shopee Marketplace Consumers. Studies in Economy and Public Policy, 1(1), 27–38. Retrieved from https://goodwoodpub.com/index.php/sepp/article/view/1781
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Issue & Section
Vol. 1 No. 1 (2022): May
Articles
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  1. Abdulkadir, M. (2000). Hukum Acara Perdata Indonesia. Bandung: PT. Citra Aditya Bakti.
  2. Alawi, A. R. (2021). Pengaruh Relational Embeddedness Terhadap Niat Beli Di Shopee, Dengan Kepercayaan Sebagai Variabel Intervening. Master Program in Communication Science.
  3. Daulay, Z. A. A. (2018). Strategi Pengembangan Ekonomi Kreatif Dengan Metode Triple Helix (Studi Pada UMKM Kreatif di Kota Medan). TANSIQ: Jurnal Manajemen Dan Bisnis Islam, 1(1).
  4. Djafar, W. (2019). Hukum perlindungan data pribadi di indonesia: lanskap, urgensi dan kebutuhan pembaruan. Paper presented at the Seminar Hukum dalam Era Analisis Big Data, Program Pasca Sarjana Fakultas Hukum UGM.
  5. Fintech. (2021). Handbook Fintech untuk Keuangan Pribadi. Retrieved from https://fintech.id/storage/files/shares/Handbook/Handbook%20Fintech%20-%20Keuangan%20Pribadi%202021_03022021%20Interactive.pdf
  6. Fitriyani, L. N., Handayani, T., & Sari, L. P. (2022). Analysis of the marketing strategy of savings products at BMT Nasuha during the Covid-19 pandemic. Dirham: Journal of Sharia Finance and Economics, 1(1), 1-13.
  7. Greenleaf, G. (2011). India’s U-turns on data privacy. Privacy Laws & Business International Report(110-114).
  8. Hamdi, A. (2018). Studi Kelayakan Bisnis. PT RajaGrafindo Persada.
  9. Harahap, B. A., Idham, P. B., Kusuma, A. C. M., & Rakhman, R. N. (2017). Perkembangan financial technology terkait central bank digital currency (cbdc) terhadap transmisi kebijakan moneter dan makroekonomi. Bank Indonesia, 2(1), 80.
  10. Hasoloan, J. (2013). Peranan perdagangan internasional dalam produktifitas dan perekonomian. Edunomic Jurnal Pendidikan Ekonomi, 1(2).
  11. Inggarwati, M. P., Celia, O., & Arthanti, B. D. (2020). Online single submission for cyber defense and security in Indonesia. Lex Scientia Law Review, 4(1), 83-95.
  12. Khan, M. M. R. (2021). Women and Sports: View from Stereotyping and Gender Differentials Perspectives. Journal of Sports and Physical Education Studies, 1(1), 01-04.
  13. Khan, M. M. R., & Sultana, R. (2021). Shift in the role of criminology in criminal law: Reflecting the doctrinal change. Annals of Justice and Humanity, 1(1), 1-10.
  14. Medlimo, R. A. (2022). Inovasi Pemberdayaan Industri Kreatif Nasional Sebagai Upaya Pemulihan Perekonomian Nasional Ditinjau Berdasarkan Konsep Pentahelix. Maliyah: Jurnal Hukum Bisnis Islam, 12(2), 56-72.
  15. Medlimo, R. A., Septania, A. D., Hapsari, H. O., Zuleika, M. F., & Agustin, T. (2022). Measuring the future of NFT as digital asset in realizing economic revitalization. Annals of Justice and Humanity, 1(2), 59-67.
  16. Muni, A. (2020). Hak Asasi Manusia Dalam Konstitusi Indonesia. Al'Adalah, 23(1), 65-78.
  17. Nirmalapurie, N. A. (2019). Perlindungan Hukum Bagi Para Pihak Dalam Penggunaan Fitur Paylater Pada Aplikasi Gojek. Universitas Airlangga.
  18. OECD. (1998). Recommendation Of The Council Concerning Effective Action Against Hard Core Cartels. Retrieved from https://www.oecd.org/daf/competition/2350130.pdf
  19. OJK. (n.d). Sadari, Amati, Ikuti Perkembangan Financial Technology. Retrieved from https://sikapiuangmu.ojk.go.id/FrontEnd/CMS/Article/10424
  20. Purba, J., Rohaini, R., & Septiana, D. (2018). Penyelesaian Sengketa Online Marketplace Antara Penjual dan Pembeli Melalui Online Dispute Resolution. Pactum Law Journal, 2(01), 537-549.
  21. Rosadi, S. D., & Pratama, G. G. (2018). Urgensi Perlindungan Data Privasi Dalam Era Ekonomi Digital Di Indonesia. Veritas et Justitia, 4(1).
  22. Zulfiani, Y. N. (2021). Prevention of personal data privacy leakage in e-government, as the government’s responsibility. Annals of Justice and Humanity, 1(1), 29-37.