The Role of Local Wisdom in The Competitiveness of LPD And Cooperatives: A Systematic Literature Review
Year: 2026
Type: review
Study design: Systematic Review
Abstract: This study aims to analyze the development of literature on the role of local wisdom in improving the competitiveness of Rural Credit Institutions (LPD) and cooperatives through a systematic literature review period 2010-2025. Using a bibliometric methodology with the help of VOSviewer software, the study mapped keyword networks, chronological trends, and topic density in academic discourse. The results of network visualization analysis show that local wisdom is the central axis that connects financial performance with institutional sustainability in Indonesia. Overlay visualization analysis reveals a shift in research trends, where the initial focus on operational stability and credit risk management is now transforming towards the integration of financial technology (fintech) and digital governance. Furthermore, the visualization of density confirms that local wisdom is not just a cultural identity, but a strategic instrument in revitalizing the rural economy. In conclusion, the competitiveness of LPD and Cooperatives in the future is determined by the ability of hybridization between traditional values as social capital with the efficiency of modern technology. This finding provides important implications for microfinance institution managers to maintain local values in order to achieve sustainable financial inclusion in the midst of global market competition.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7156378331