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Abstract

Crowdfunding has emerged as a popular platform for collective funding of social, charitable, and commercial projects. However, its increasing use has raised concerns over potential misuse, including as a source of terrorism financing. This study investigates the relationship between donation intentions using crowdfunding and the risk of crowdfunding being used as a source of terrorism financing. Furthermore, it explores the mediating role of government intervention in this relationship. Using a Structural Equation Modeling-Partial Least Squares (SEM-PLS) second-order approach, the research evaluates the interaction between donor intentions, crowdfunding risks, and government regulations. Findings reveal that while donor intentions significantly impact the risk of crowdfunding misuse for terrorism financing, the mediating role of government intervention is statistically insignificant. This suggests that regulatory measures alone may not sufficiently mitigate these risks. These findings highlight the critical need to reevaluate current strategies for preventing the misuse of crowdfunding for illicit purposes. By providing empirical evidence of the limited impact of government intervention, this study contributes valuable insights for policymakers aiming to strengthen oversight mechanisms and ensure safer crowdfunding practices in Indonesia.

Bahasa Abstract

Crowdfunding muncul menjadi suatu platform populer yang digunakan dalam pendanaan kolektif untuk proyek-proyek sosial, amal, dan komersial. Namun, penggunaannya yang semakin meningkat telah menimbulkan kekhawatiran akan potensi penyalahgunaan, termasuk sebagai sumber pendanaan terorisme. Penelitian ini menyelidiki hubungan antara niat berdonasi menggunakan crowdfunding dan risiko crowdfunding digunakan sebagai sumber pendanaan terorisme. Selain itu, penelitian ini juga mengeksplorasi peran mediasi intervensi pemerintah dalam hubungan ini. Dengan menggunakan metode Structural Equation Modeling-Partial Least Squares (SEM-PLS) Second Order, penelitian ini mengevaluasi interaksi antara niat donatur, risiko urun dana, dan peraturan pemerintah. Temuan menunjukkan bahwa meskipun niat donor secara signifikan berdampak pada risiko penyalahgunaan urun dana untuk pendanaan terorisme, peran mediasi intervensi pemerintah secara statistik tidak signifikan. Hal ini menunjukkan bahwa langkah-langkah regulasi saja mungkin tidak cukup untuk memitigasi risiko-risiko ini. Temuan ini menyoroti kebutuhan penting untuk mengevaluasi kembali strategi yang ada saat ini untuk mencegah penyalahgunaan urun dana untuk tujuan terlarang. Dengan memberikan bukti empiris mengenai terbatasnya dampak intervensi pemerintah, studi ini memberikan masukan yang berharga bagi para pembuat kebijakan yang bertujuan untuk memperkuat mekanisme pengawasan dan memastikan praktik urun dana yang lebih aman di Indonesia.

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