Implementation of Good Corporate Governance in Cooperatives: A Study in Yogyakarta Indonesia
DOI:
https://doi.org/10.59888/ajosh.v1i04.26Keywords:
GCG, accountability, effectiveness, responsibility, transparency, fairness, independence and cooperativesAbstract
This study aims to measure the implementation of corporate governance (GCG) practices in cooperatives. Cooperatives are seen as having a great influence on the country's economic growth. Corporate governance if carried out properly will have an impact on the growth of the existing cooperative which in turn will provide welfare to its members. Good cooperative management must carry out GCG practices that are accountability, effectiveness, responsibility, transparency, fairness, and independence which are the basic principles of a good organization. This study uses cooperative members and administrators as research objects. This research uses a descriptive approach. The results of data processing show that the questionnaires distributed are valid and reliable so that it can be concluded that the average results of the measurement of accountability, effectiveness, responsibility, transparency, fairness and independence in cooperatives show a number above 4 so that it can be concluded that GCG practices in cooperatives are running very well
References
Akbari, Mohsen, Mostafa Ebrahimpour Azbari, and Milad Hooshmand Chaijani. 2019. “Performance of the Firms in a Free-Trade Zone: The Role of Institutional Factors and Resources.” European Management Review 16(2): 363–78.
Astuti, Hesti Widi, and Wakhid Yulianto. 2021. “Pengaruh Jumlah Simpanan Dan Penyaluran Kredit Pada Masa Pandemi Covid-19 Terhadap Sisa Hasil Usaha (SHU) Di Pusat Koperasi Pegawai Republik Indonesia Kabupaten Purworejo.” Jurnal Pendidikan Tambusai 5(3): 6749–60.
Basyith, Abdul. 2016. “Corporate Governance, Intellectual Capital and Firm Performance.” Research in Applied Economics 8(1): 17.
Boresli, Naser S., Razali Haron, and Rusni Hassan. 2023. “Corporate Governance and Foreign Ownership in the Islamic Capital Market of Kuwait.” Asian Economic and Financial Review 13(1): 1–17.
Firmani, Putu Siti. 2022. “Kebijakan Keringanan Denda Di Koperasi Simpan Pinjam Sedana Werdi Br. Dangin Tanggluk Kesiman Pada Masa Pandemi Covid – 19.” Jurnal Ilmiah Satyagraha 5(2): 1–15.
Gerged, Ali Meftah. 2021. “Factors Affecting Corporate Environmental Disclosure in Emerging Markets: The Role of Corporate Governance Structures.” Business Strategy and the Environment 30(1): 609–29.
Ghea, nurul dan. 2023. “Evaluasi Corporate Governance Pada Koperasi Serba Usaha ( Studi Kasus?: KSU Harapan Bersama ) In Multiple Business Cooperatives.” 5321(01).
Hendriani, Susi. 2018. “The Role of Cooperative Development Strategy to Improving the Success of Village Cooperative (KUD) in Riau Indonesia.” International Journal of Law and Management 60(1): 87–101.
Jensen, C, and H Meckling. 1976. “Theory of the Firm?: Managerial Behavior , Agency Costs and Ownership Structure.” Financial Economics 3: 305–60.
Kao, Mao Feng, Lynn Hodgkinson, and Aziz Jaafar. 2019. “Ownership Structure, Board of Directors and Firm Performance: Evidence from Taiwan.” Corporate Governance (Bingley) 19(1): 189–216.
Lin, Liqiong et al. 2019. “Rural Credit Constraint and Informal Rural Credit Accessibility in China.” Sustainability 11(7): 1935.
Mahrani, Mayang, and Noorlailie Soewarno. 2018. “The Effect of Good Corporate Governance Mechanism and Corporate Social Responsibility on Financial Performance with Earnings Management as Mediating Variable.” Asian Journal of Accounting Research 3(1): 41–60.
Muñoz, Fernando, Cristina Ortiz, and Luis Vicente. 2022. “Ethical Window Dressing: SRI Funds Are as Good as Their Word.” Finance Research Letters 49(April): 1–7.
Rahmi, Putri, Elfiandri. 2022. “ANALISIS IMPLEMENTASI GOOD CORPORATE GOVERNANCE BADAN USAHA MILIK DESA RIDAN PERMAI DI KABUPATEN KAMPAR.” Jurnal Al-Iqtishad Edisi 18 2.
Rodrigues, Lúcia Lima, Francisca Tejedo-Romero, and Russell Craig. 2017. “Corporate Governance and Intellectual Capital Reporting in a Period of Financial Crisis: Evidence from Portugal Oa.” International Journal of Disclosure and Governance 14(1): 1–29.
Sakti, Dwi P B. 2021. “Tata Kelola Koperasi Di Kabupaten Lombok Timur (Studi Kasus Pada Koperasi Simpan Pinjam).” Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi 9(2): 23–33.
Soebijono, Tony, Martinus Sony Erstiawan, and Lilis Binawati. 2017. “Analisis Good Corporate Governance Pada Koperasi.” BIP’s JURNAL BISNIS PERSPEKTIF 9(1): 10–27.
Trikajayanti, Ni Komang Ayu, and I Gde Ary Wirajaya. 2021. “Praktik-Praktik Good Governance Pada Koperasi Simpan Pinjam Sari Amertha Dana.” E-Jurnal Akuntansi 31(12): 3111.
Uzik, Martin, and Jan-Peter Firnges. 2016. “Intangible Assets - the Fourth Production Factor.” Management 2016: International Business and Management, Domestic Particularities and Emerging Markets in the Light of Research: 325–30.
V.A.Teodosio. 2009. “Community Participation Through Cooperatives in Addressing Basic Services: The Philippine Experience.” (April): 80–81.
Voorn, Bart, Marieke van Genugten, and Sandra van Thiel. 2019. “Multiple Principals, Multiple Problems: Implications for Effective Governance and a Research Agenda for Joint Service Delivery.” Public Administration 97(3): 671–85.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Kunti Sunaryo, Zuhrohtun Zuhrohtun, Siwi Hardiastuti. E.K. , Indra Kusumswardhani, Heri Susanto
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International. that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
