Increase in Profit Based on Internal Capital and Business Volume in Cooperatives in Indonesia
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Apr 30, 2024
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Abstract
The cooperatives in Indonesia have hundreds of thousands, but not all are active due to several factors, including member participation, revenue, assets, and external capital. The purpose of this study is to provide the dominant factors that affect the operating profit of cooperatives. This research is quantitative causality, with data from 2001-2021 and multiple regression as an analysis tool. The data source was obtained from the Ministry of Cooperatives and SMEs. The analysis results show that the variables of own capital and sales volume simultaneously affect the remaining operating results, while partially owned capital does not affect cooperative profits. This research can evaluate increasing cooperative profits through policies that can be applied to cooperatives.
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References
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Lesmana, E. T. (2023). Pengaruh Volume Usaha Dan Modal Sendiri Terhadap Laba Pada Koperasi Nurul Iman Dwiguna. 4(2), 240–253.
Marques, A., & Teixeira, C. A. (2023). Vine and Wine Sustainability in a Cooperative Ecosystem—A Review. Agronomy, 13(10), 1–15. https://doi.org/10.3390/agronomy13102644
Ngo, T. T. H., Mai, L. P., Tran, H. C., & Lebailly, P. (2023). How Do Cooperatives Support Their Members in Managing Aquaculture Risks? The Case Study of the Northern Coastal Provinces of Vietnam. Journal of Entrepreneurial and Organizational Diversity, 12(1), 56–74. https://doi.org/10.5947/jeod.2023.003
Onyilo, F., & Adong, A. (2019). Agricultural cooperative marketing and credit policy reform in Uganda: An opportunity for poverty reduction. African Journal of Food, Agriculture, Nutrition and Development, 19(1), 14156–14170. https://doi.org/10.18697/AJFAND.84.BLFB1008
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Tanklevska, N., Cherniavska, T., Skrypnyk, S., Boiko, V., & Karnaushenko, A. (2023). Financing of Ukrainian agricultural enterprises: Correlation-regression analysis. Scientific Horizons, 26(8), 127–139. https://doi.org/10.48077/scihor8.2023.127
Thuy, L. T. (2023). The technological enhancement and its impact on corporate financial performance in the context of the industrial revolution 4.0: The case of Vietnam. Uncertain Supply Chain Management, 11(3), 915–922. https://doi.org/10.5267/j.uscm.2023.5.007
Wahyuningtyas, R., Disastra, G., & Rismayani, R. (2023). Toward cooperative competitiveness for community development in Economic Society 5.0. Journal of Enterprising Communities, 17(3), 594–620. https://doi.org/10.1108/JEC-10-2021-0149
Woldeyes, Z. (2023). Participation and equity shareholding benefits among wheat farmers’ multipurpose cooperatives in Southern Ethiopia. African Journal of Food, Agriculture, Nutrition and Development, 23(121), 23724–23736. https://doi.org/10.18697/ajfand.121.22415
Yu, L., Nilsson, J., Zhan, F., & Cheng, S. (2023). Social Capital in Cooperative Memberships and Farmers’ Access to Bank Credit–Evidence from Fujian, China. Agriculture (Switzerland), 13(2), 1–18. https://doi.org/10.3390/agriculture13020418
Zhang, C. hong, BENJAMIN, W. A., & WANG, M. (2021). The contribution of cooperative irrigation scheme to poverty reduction in Tanzania. Journal of Integrative Agriculture, 20(4), 953–963. https://doi.org/10.1016/S2095-3119(21)63634-1
Algeri, C., Forgione, A. F., & Mucciardi, M. (2021). Spatial dependence in small cooperative bank risk behavior and its effects on bank competitiveness and SMEs. Applied Stochastic Models in Business and Industry, 37(6), 1080–1096. https://doi.org/10.1002/asmb.2637
Arandara, A. M. P., & Takahashi, S. (2023). Productivity analysis of Sri Lankan cooperative banks: input distance function approach. Asia-Pacific Journal of Regional Science, 7(1), 93–117. https://doi.org/10.1007/s41685-022-00260-9
Callagher, L., & Garnevska, E. (2023). Multistakeholder impression management tactics and sustainable development intentions in agri-food co-operatives. Journal of Management and Organization. https://doi.org/10.1017/jmo.2023.35
Ch, I., & Jayyidah, S. (2019). Pengaruh Intellectual Capital Dan Partisipasi Anggota Terhadap Keberhasilan Koperasi Pada Koperasi Kredit Binekas Cicurug Sukabumi. Jurnal Visionida, 5(2), 39. https://doi.org/10.30997/jvs.v5i2.2205
Chawviang, A., & Kiattisin, S. (2022). Sustainable Development: Smart Co-Operative Management Framework. Sustainability (Switzerland), 14(6). https://doi.org/10.3390/su14063641
Dhewanto, W., Ratnaningtyas, S., Permatasari, A., Anggadwita, G., & Prasetio, E. A. (2020). Rural entrepreneurship: Towards collaborative participative models for economic sustainability. Entrepreneurship and Sustainability Issues, 8(1), 705–724. https://doi.org/10.9770/jesi.2020.8.1(48)
Dimitriadou, E., Kouriati, A., Karampela, S., Tafidou, A., & Bournaris, T. (2023). The Three Dimensions of Small Accommodation Businesses and Their Efficiency. Tourism and Hospitality, 4(3), 467–482. https://doi.org/10.3390/tourhosp4030029
Dwipradnyana, I. M. M., PRATIWI, I. G. A. M. A. M. A., & DIATMIKA, I. G. N. D. (2020). Strategi Pengembangan Koperasi Di Era Digital Pada Koperasi Yang Ada Di Provinsi Bali. Majalah Ilmiah Universitas Tabanan, 17(2), 112–116. https://ojs.universitastabanan.ac.id/index.php/majalah-ilmiah-untab/article/view/87
Gemina, D., Kartini, T., & Gemini, P. (2021). Sisa Hasil Usaha Koperasi Dengan Pendekatan Modal Luar, Volume Usaha Dan Jumlah Aset Rest of Cooperative Business With External Capital Approach, Business Volume and Total Assets. Jurnal Akunida, 7(2), 123–138. https://ojs.unida.ac.id/JAKD/article/view/4283
Gladysz, B., Matteri, D., Ejsmont, K., Corti, D., Bettoni, A., & Haber Guerra, R. (2023). Platform-based support for AI uptake by SMEs: guidelines to design service bundles. Central European Management Journal, 31(4), 463–478. https://doi.org/10.1108/CEMJ-08-2022-0096
Guyalo, A. K., & Ifa, L. T. (2023). Impact of agricultural cooperatives on the food security status of households in Oromia regional state, Ethiopia: The case of Halu Woreda. Cogent Economics and Finance, 11(2). https://doi.org/10.1080/23322039.2023.2237716
Handajani, L., Santoso, B., & Rifa’i, A. (2019). Permasalahan Manajerial Dan Keuangan Pada Koperasi Yang Mengalami Kendala Dalam Penyelenggaraan Rapat Anggota Tahunan. Abdi Insani, 6(1), 50. https://doi.org/10.29303/abdiinsani.v6i1.182
Kementrian koperasi dan usaha kecil menengah republik indonesia. (2022). Jumlah koperasi, Investasi, Tenaga Kerja, SHU, Omset koperasi. Kemenkop. Jakarta.
Kumkit, T., Anh, D. L. T., Gan, C., & Hu, B. (2023). Members’ perspectives of good governance practice of Thailand’s credit union cooperatives. Journal of Asian Business and Economic Studies. https://doi.org/10.1108/JABES-06-2022-0154
Lesmana, E. T. (2023). Pengaruh Volume Usaha Dan Modal Sendiri Terhadap Laba Pada Koperasi Nurul Iman Dwiguna. 4(2), 240–253.
Marques, A., & Teixeira, C. A. (2023). Vine and Wine Sustainability in a Cooperative Ecosystem—A Review. Agronomy, 13(10), 1–15. https://doi.org/10.3390/agronomy13102644
Ngo, T. T. H., Mai, L. P., Tran, H. C., & Lebailly, P. (2023). How Do Cooperatives Support Their Members in Managing Aquaculture Risks? The Case Study of the Northern Coastal Provinces of Vietnam. Journal of Entrepreneurial and Organizational Diversity, 12(1), 56–74. https://doi.org/10.5947/jeod.2023.003
Onyilo, F., & Adong, A. (2019). Agricultural cooperative marketing and credit policy reform in Uganda: An opportunity for poverty reduction. African Journal of Food, Agriculture, Nutrition and Development, 19(1), 14156–14170. https://doi.org/10.18697/AJFAND.84.BLFB1008
Richter, B., & Hanf, J. H. (2021). Cooperatives in the wine industry: Sustainable management practices and digitalisation. Sustainability (Switzerland), 13(10). https://doi.org/10.3390/su13105543
Stack, M. (2021). Responding to the COVID-19 pandemic: University rankings or co-operatives as a strategy for developing an equitable and resilient post-secondary education sector? International Review of Education, 67(1–2), 127–144. https://doi.org/10.1007/s11159-021-09891-0
Susanty, R. D. A., & Santoso, R. A. (2022). Pengaruh Modal Sendiri, Modal Pinjaman, Volume Usaha dan Jumlah Anggota Terhadap Sisa Hasil Usaha Koperasi di Kabupaten Gresik. Master: Jurnal Manajemen Dan Bisnis Terapan, 2(1), 27. https://doi.org/10.30595/jmbt.v2i1.13619
Tanklevska, N., Cherniavska, T., Skrypnyk, S., Boiko, V., & Karnaushenko, A. (2023). Financing of Ukrainian agricultural enterprises: Correlation-regression analysis. Scientific Horizons, 26(8), 127–139. https://doi.org/10.48077/scihor8.2023.127
Thuy, L. T. (2023). The technological enhancement and its impact on corporate financial performance in the context of the industrial revolution 4.0: The case of Vietnam. Uncertain Supply Chain Management, 11(3), 915–922. https://doi.org/10.5267/j.uscm.2023.5.007
Wahyuningtyas, R., Disastra, G., & Rismayani, R. (2023). Toward cooperative competitiveness for community development in Economic Society 5.0. Journal of Enterprising Communities, 17(3), 594–620. https://doi.org/10.1108/JEC-10-2021-0149
Woldeyes, Z. (2023). Participation and equity shareholding benefits among wheat farmers’ multipurpose cooperatives in Southern Ethiopia. African Journal of Food, Agriculture, Nutrition and Development, 23(121), 23724–23736. https://doi.org/10.18697/ajfand.121.22415
Yu, L., Nilsson, J., Zhan, F., & Cheng, S. (2023). Social Capital in Cooperative Memberships and Farmers’ Access to Bank Credit–Evidence from Fujian, China. Agriculture (Switzerland), 13(2), 1–18. https://doi.org/10.3390/agriculture13020418
Zhang, C. hong, BENJAMIN, W. A., & WANG, M. (2021). The contribution of cooperative irrigation scheme to poverty reduction in Tanzania. Journal of Integrative Agriculture, 20(4), 953–963. https://doi.org/10.1016/S2095-3119(21)63634-1