Enterprise Ownership Research Articles

Nexus between Working Capital Management and Financial Performance of Small Enterprises

This study investigates the impact of working capital management on the financial performance of small enterprises in Kano, Nigeria. A cross-sectional survey of small enterprises owners or managers in Kano was conducted through selfadministered questionnaire. Variance-base structural equation modelling statistical technique called partial least square (PLS) version 4.0.9.5 was utilized to examine the relationship between working capital management and financial performance. The findings of the study indicate that working capital management has a statistically significant positive impact on financial performance of small enterprises. Specifically, the results show that small enterprises with higher working capital management have better financial performance in terms of sales growth, profitability, liquidity, solvency, and return on assets. The study offers useful recommendations to small business operators and suggests interesting direction for future research.

Peran Koperasi Dalam Meningkatkan Perekonomian Pondok Pesantren Izzatuna Putra Palembang Dalam Perspektif Ekonomi Syariah

In the economic field, cooperatives are a form of cooperation in the economic sector. People believe in this collaboration because their lives share some of the same needs. One of the Islamic Boarding School Owned Enterprises (BUMP) at the Izzatuna Putra Palembang Islamic Boarding School is a pesantren cooperative that works to support the economy and improve the economy. This study aims to: (1) Describe the extent to which Islamic boarding school cooperatives have contributed to the economic expansion of Islamic boarding schools., (2) What is the role of cooperatives in improving the economy of the Islamic boarding school Izzatuna Putra Palembang in the study of Islamic economics. This is a type of field research using primary and secondary data sources. The data obtained will be presented with narrative text. This study uses qualitative data analysis methods/techniques using inductive thinking methods. The results of this study indicate that: (1) The role of cooperatives in improving the Islamic boarding school's economy is marked by the development of cooperatives that run a trading business every day where a portion of the profits will be deposited to the Islamic boarding school, both material and non-material, and the Islamic boarding school cooperative is also very helpful. in increasing the income of members of the cooperative and the Islamic boarding school community. (2) Then the role of the Izzatuna Putra Palembang Islamic Boarding School Cooperative in improving the economy of the Izzatuna Putra Palembang Islamic Boarding School in an Islamic perspective is carried out in several ways, namely: sharia economic values ​​in helping the community's economy, and avoiding incompatibility of sharia economic principles.

Behavioral Economics and Its Positive Impact on Overcoming the Corona Pandemic Among Owners of Small and Medium Enterprises

Behavioral Economics and Its Positive Impact on Overcoming the Corona Pandemic Among Owners of Small and Medium Enterprises

Workers’ settlements and factory cities in the 20th century: evolution of ideas and implementation in world practice

The article presents the results of a large-scale study of workers' settlements and such formations as a factory city and a garden city at the beginning of the 20th century in Europe and in the Urals. The grounds for the creation of workers' settlements at industrial enterprises are revealed, ranging from the initiative of philanthropists and owners of enterprises to the mandatory housing developments around production facilities. The social policy of the owners of factories (private and public) is shown, which accounts for the diverse and specialized architecture of the settlements. The inclusion of the considered objects in the list of historical monuments is an important fact for the history of architecture of the period of industrial development of Europe.

Efectiveness of Implemenying Qris Transacyion In Pandemic Covid-19

The purpose of this study is to study how widely QRIS is used among micro, small and medium enterprises (MSMEs) and how effective QRIS is in transaction processing. Reviewing the experiences of buyers and owners of micro, small and medium enterprises (MSMEs) having used QRIS has outlined the best way to use the system. This study uses a qualitative descriptive methodology. The goal of qualitative research is to bring researchers and the phenomena they study closer together in an interactive process that increases everyone's knowledge. While describing a phenomenon and its characteristics is the main goal of descriptive research. Observations, interviews, and documentation will be used to collect data, which will then be analyzed to provide solutions to the problems formulated and draw conclusions. The research findings show that first, many merchants and the general public do not understand the features and advantages of the program, the installation of a QRIS-based payment gateway for merchant transactions is still not going well. Second, the community and MSME actors are starting to switch to using QRIS because it can minimize the spread of Covid-19. Third, QRIS shows effectiveness in the transaction process during the Covid-19 pandemic which was very effective, besides that there are 2 types of transaction mechanisms using QRIS, the first is Merchant-Presented (push payment) and Customer-Presented (pull payment).

Position of Regional Development Banks as Regional Owned Enterprises

Regional-owned enterprise is a business entity established by a local government with the purpose of increasing local own-source revenue, where one of the commonly found regional-owned enterprises is a regional-owned enterprise engaged in financial service institutions. The problem that arises for regional owned enterprises engaged in financial service institutions is the overlapping provisions of the laws and regulations that govern them, so this causes legal uncertainty over the position of the Bank. So, to find out the legal certainty of the position of regional development banks, normative legal research methods are used, namely research that uses a statutory approach where the research is carried out on the provisions of the legal aspects of regional-owned enterprises, and aspects of banking law, including the legal aspects regarding limited liability companies.

PENGEMBANGAN BUMDeS SYARIAH DALAM MEMBANGUN EKONOMI BERKEADILAN DI DESA

ABSTRACT The village is the smallest unit in a country with the lowest government authority to regulate the interests of the local community. Village Owned Enterprises (BUMDes) are business entities owned by villages to improve community welfare through economic ventures. The development of Sharia-based BUMDes based on sharia principles is one way to achieve this goal. This study used the library research method using library data in the form of books. BUMDes is a business entity whose capital is owned by the village and has developed in many villages in Indonesia, but the majority of BUMDes still use the conventional system and have not implemented a profit-sharing system (sharia). The concept of developing Sharia BUMDes is based on laws and regulations governing the establishment of BUMDes. The development of Sharia BUMDes is expected to increase the religious values of the village community and have a positive impact on their economic life and can provide halal and blessed business results. Keyword: BUMDes Sharia, Economic Development,

Empowerment of Village Owned Enterprises through E-Commerce Information Technology in Increasing the Economy of Sipodeceng Village Communities

Background: This activity aims to increase the role of Bumdes Padaidi Sipodeceng through e-commerce information technology based on the Bumdes Sipodeceng Store application in improving the economy of the people of Sipodeceng Village.
 Contribution: This activity improves the welfare of the people of Sipodeceng Village through e-commerce information technology.
 Method: The method of this activity includes Socialization of the implementation of activities, Counseling by explaining the e-commerce information technology marketing model (BUMDES Sipodeceng Store), training and mentoring the use of information technology for BUMDES partner groups, carrying out assistance, as well as monitoring and evaluation.
 Results: Training and mentoring activities based on pre-test and post-test data analysis have positive implications for 3 parameters: knowledge from 42.14 to 89.14%, skills from 35.9% to 90.12%, and motivation from 63.2% to 93 .2%. From these data, an analysis of the effectiveness of these 3 parameters is carried out, the values of which are knowledge at 81%, skills at 85%, and motivation at 79%. These three numbers indicate that community service activities are effective because the value is above 50%.
 Conclusion: From these activities, it can be concluded that e-commerce information technology at BUMDES Padaidi Sipodeceng is still very much needed to increase the role of BUMDES in community empowerment.

Toward carbon neutrality: How will environmental regulatory policies affect corporate green innovation?

Carbon neutrality achievement has had a major transformative effect on the economic and social development of countries and regions. Therefore, this study focuses on analyzing the effectiveness of environmental regulation policies in promoting institutional dividends and seeks to examine the relationship between environmental regulatory policies and green innovation development through the lens of green patents. Panel data from industrial enterprises listed in Shanghai and Shenzhen from 2010 to 2019 were used in this research, which employed fixed-effect and media-effect models to investigate the impacts and mechanisms of various types of environmental regulatory tools on corporate green innovation. The results showed that different types of environmental regulation tools have varying effects on corporate green innovation. Specifically, command-based and market-oriented environmental regulations have a positive “U-shaped” impact, whereas voluntary environmental regulations have an inverted “U-shaped” impact. Furthermore, it was found that the “innovation compensation effect” generated by the implementation of environmental regulation policies has a greater positive impact than the negative impact of the “compliance cost effect.” Additionally, geographical location and enterprise ownership play a role in determining the impact of environmental regulations on corporate green innovation. These findings emphasize the importance of strengthening environmental regulatory policies to achieve regional carbon-neutral development. Our research provides recommendations and ideas for better achieving this goal.

Encouraging SMEs performance through entrepreneurial intentions, competencies, and leadership: serial mediation model

PurposeThe study aims to investigate the effect of entrepreneurial leadership (EL), competencies (ECs) and intentions (EIs) on enterprise performance (EP) via entrepreneurial resilience (ER) and risk-taking propensity (RTP).Design/methodology/approachData were collected from 403 early-stage small and medium enterprise (SME) owners in Pakistan at two-time intervals and were analyzed using AMOS 22.FindingsAll predictors (i.e. EIs, EL and ECs) positively affected EP and ER, except for EL and ER. Furthermore, RTP and ER were serially mediated in linking EIs and ECs with EP but could not establish a link between EL and EP.Research limitations/implicationsThe findings reveal that the Pakistani government and business owners must focus on SMEs’ sustained development and prioritize ECs.Originality/valueThis paper is unique in nature, as understanding EIs, EL and ECs in a holistic framework has never been tested before in relation to EP.

Social credit system construction and corporate environmental performance: A quasi-natural experiment from China

This study explores the role of social credit system construction, an informal institution, in improving corporate environmental performance. To identify the causal connections between social credit and corporate environmental performance, the progressive difference-in-differences (DID) method is adopted by introducing the social credit system construction pilots aiming to improve the social credit environment of China as a quasi-natural experiment. Empirical results imply that social credit system constructions exert a significant improvement effect on corporate environmental performance. In addition, corporate innovation, financial constraints alleviation, and the strengthening of environmental cases enforcement are three effective action mechanisms by which social credit system constructions helping improve corporate environmental performance. Moreover, this promotion effect presents heterogeneity characteristics due to enterprises ownership and the environmental pollution degree of the city where the enterprise is located. This study provides an informal institutional perspective for the green development of enterprises.

The impact of corporate environmental responsibility on green technological innovation: A nonlinear model including mediate effects and moderate effects

Corporate environmental responsibility and green technological innovation, as two major driving forces for green development, deserves more theoretical discussion. This paper systematically analyzed the nonlinear relationship between corporate environmental responsibility and green technological innovation by utilizing the 5084 observations from a sample of Chinese A-share listed companies (2011–2020). The results show that: (1) There is indeed a U-shaped nonlinear relationship between corporate environmental responsibility and green technological innovation, with this influence is more prominent in the corporate environmental responsibility - green technological innovation quantity nexus. (2) All mediating effects in this article have been proved and also exhibit a better performance in mediating between corporate environmental responsibility and green technology innovation quantity. (3) The baseline relationship in our research has significant enterprise ownership, market competition, and policy uncertainty heterogeneity. Moreover, the corporate environmental responsibility-green technology innovation quantity nexus is more sensitive to the above scenario factors.

STRATEGI PEMASARAN UMKM DALAM PEMANFAATAN DIGITAL MARKETING UMKM DALAM BIDANG PERABOT RUMAH TANGGA DI DESA KAMPUNG BARU KABUPATEN TANAH BUMBU

The digital marketing trend is a business opportunity for MSMEs in the digital information era, one of which is in the form of digital marketing. Research purposes to find out how the digital marketing strategy by business actors must be applied by owners of micro, small and medium enterprises (MSMEs). And the impact of using digital marketing on increasing sales of micro, small and medium enterprise (MSMEs) products. Benefits of Research from Academic Aspects as a contribution of thought to other researchers in raising the same theme even though the time and object are different. Aspects of Knowledge Development As an application, especially marketing management in increasing knowledge and skills, especially regarding MSME Marketing Strategies in Utilizing MSME Digital Marketing in the Sector of Household Furniture. This research can add to and develop readers' insights regarding issues regarding MSME Marketing strategies in the Utilization of MSME Digital Marketing in the Field of Household Furniture.

An empirical analysis of the influence of human capital on enterprise innovation performance: A focus on the nature of enterprise ownership and enterprise scale

Purpose: This research examines how the heterogeneity of enterprise ownership nature and scale influences the relationship between human capital and innovation performance.
 Design/Methodology/Approach: This study makes use of data from the list of companies on China's expanding enterprise market from 2009-2020 through regression analysis using the panel data least squares approach.
 Findings: Higher levels of human capital and staff training have a positive impact on innovation performance but employee salaries and welfare levels have a negative impact on innovation performance. The effect of human capital stock and employee training on the performance of innovation in companies is more pronounced in state-owned enterprises or small companies. The nature of ownership or enterprise size has no significant effect on employee wage and welfare levels or the innovation performance of enterprises.
 Conclusion: The study's findings suggest that the relationship between human capital and innovation performance is complex and closely correlated with the type of ownership and size of the business.
 Research Limitations: More factors of firm heterogeneity such as firm age, industry and region were not verified. 
 Practical Implications: It provides a new way for enterprises to improve innovation performance.
 Contribution to Literature: The purpose of this paper is to broaden the research viewpoint on how human capital investments affect the performance of enterprise innovation from two perspectives: the nature of enterprise ownership and the size of the enterprise.

BENEFIT BADAN USAHA MILIK DESA TERHADAP STRUKTUR EKONOMI DAN SOSIAL MASYARAKAT

This study examines the "Benefits of Village Owned Enterprises to the economic and social structure of society". BUMDes is a pillar of economic activity in the village that functions as a commercial and social institution. The purpose of this study was to determine the effect of BUMDes benefits on the economic and social structure of the community in Tohpati Village, Banjarangkan District, Klungkung Regency. This study used a qualitative descriptive method, using a proportional sampling technique consisting of BUMDes managers and the community using BUMDes financial services in Tohpati Klungkung Village. Sustainable development can invite all parties, especially members of the Tohpati Klungkung Bali Village community to manage human resources to meet economic, social and other important support system needs. Maintaining sustainable development is a must for the people of Tohpati Klungkung Village because it has been proven to reduce unemployment and increase income for the community. The results of the study show that the village of Tohpati Klungkung Bali has grown rapidly as a result of BUMDes benefits being inspired by the community using financial services to increase efficiency and effectiveness in managing sources of funds and expanding employment opportunities for the work force.

THE VALUE OF CATUR PURUSA ARTHA AND ENTREPRENEURSHIP ORIENTATION AS A BASE FOR MAXIMIZING SMEs PERFORMANCE

Developed countries understand the importance of small and Medium Enterprises (SMEs) in their contribution to economic growth. By using the concept of cultural values Catur Purusa Artha which is the four most important life goals for Balinese people who have Hindu beliefs, should be used as moral guidelines that will affect the business performance of small and Medium Enterprises and entrepreneurship Orientation behavior. This study was conducted to determine and analyze the effect of Entrepreneurship Orientation on the business performance of small and Medium Enterprises and how the role of Entrepreneurship Orientation in mediating the relationship of Catur Purusa Artha with the business performance of small and Medium Enterprises. The population of the study is the owner or managers of small and Medium Enterprises in Bali Province in 2022 amounted to 61,862 SMEs, and of these samples were conducted with the Slovin approach as many as 397 units of SMEs. The data analysis technique is done by the SEM-PLS method. The results found that applying the cultural values of Catur Purusa Artha can have a direct (positive) effect or can increase the business performance of small and Medium Enterprises and Entrepreneurship Orientation. So, doing Entrepreneurship Orientation will also be able to directly affect the performance of small and medium business performance. If doing Entrepreneurship Orientation can also mediate the relationship of Catur Purusa Artha with the business performance of small and Medium Enterprises.

Performance of Indonesian State Owned Enterprises, Managerial Performance vs. Financial Performance

Purpose: This study aims to provide more detailed knowledge of how the performance of Indonesian SOEs is described from the perspective of managerial performance and financial performance. Design/methodology/approach: The method used in this study is comparative analysis where managerial performance is measured using the KPKU score and financial performance is measured using profitability ratios. Comparative analysis is carried out in detail per year and per SOE sector. Findings: This study found that in general from a managerial performance standpoint, the performance of Indonesian SOEs showed an increase while from a financial performance perspective, the performance of Indonesian SOEs showed a decline. This is because the determination of managerial performance is assessed in a more complex manner, including the level of public services provided to the public. Research limitations/implications: The limitations of this study have not been able to describe in detail each score of the components in managerial performance appraisal, which can be considered for further research in the future. This research implies that all parties must be careful in assessing the performance of SOE because the measurement of performance using managerial and financial measures can be different. Originality/value: The originality of this research is to provide a comparative picture of SOE as a whole which has never been done before. This research contributes to the government as a regulator to try to further improve financial performance so that it can be more in sync with the increase in managerial performance, so that both managerial performance appraisal and financial performance appraisal can provide directions that are close to parallel.

PENGELOLAAN DANA DESA UNTUK MENINGKATKAN KESEJAHTERAAN RAKYAT DI DESA PONGGOK KECAMATAN POLANHARJO KABUPATEN KLATEN

Ponggok Villagemanaged to utilize village funds to improve the welfare of its citizens. The purpose of this article is to describe and analyze the Village Fund Management Strategy and to examine the efforts of the Village Government in managing village funds for the welfare of the people. The method used in this study is descriptive qualitative to the object under study through secondary data collected. The results showed that successful management of village funds through the formation of Village Owned Enterprises able to improve people's welfare. Village Governments use transparency, accountability and participatory principles in village fund governance and continue to explore the potential in the village to improve people's welfare.

Utilization of Legal Education Digitalization for Village Heads in Empowering Village Owned Enterprises

Most of Indonesia's population lives in rural areas, for this reason it is necessary to prioritize development to improve public services and the village economy in order to form individuals and communities to become self-reliant. One of the government's efforts is to implement a village digitization program. Digitalization through the use of this technology really needs to be implemented on a micro-scale development located in rural areas such as village-owned enterprises. The research method used is descriptive research. The results of the study show that digitalization of legal education has a very crucial role for the village head in empowering Village-Owned Enterprises (BUMDes), one of which will increase sufficient capacity and knowledge so that they can properly run and empower BUMDes. In addition to technical skills such as accounting and managerial skills, character-deepening training is also needed in order to produce honest and trustworthy BUMDes staff managers. BUMDes specifically cannot be equated with legal entities such as limited liability companies or cooperatives. in conclusion, the status of BUMDes after the issuance of Law Number 11 of 2020 concerning Job Creation, namely as a New Entity Legal Entity whose position is equivalent to BUMN at the national level and BUMD at the regional level.

Indonesian Village Owned Enterprises Accounting Information System, Social Capital and Sustainability Economics Post-Covid-19 Pandemic

Indonesian Village Owned Enterprises set up by mandatory from the central government. Hence, to be able to survive in the long run, it needs to maximize its social capital from its village citizen. Village citizens are the main stakeholders, suppliers, as well as consumers of Village Owner Enterprises. During the Covid-19 pandemic, many villages citizen lost their job due to social restrictions related to the disease. As the unemployment rate is higher, this could be an endangered Village’s economic sustainability. Based on that problem, this research examines the Village Owned Enterprises’ Accounting Information System (AIS) and Social Capital in order to achieve the village’s economic sustainability during the Covid-19 Pandemic. This study type is survey research. Quantitative data are gathered using the questionnaires on 122 Village Owned Enterprises Managers in Indonesia. Data was then analyzed using Partial Least Square statistical models. The empirical analysis results show that AIS has effect on Social Capital and Sustainable Economics. Hence, Social Entrepreneurship as one form of Social Capital has positive effects on village sustainable economics. AIS effect on sustainable economics is partially mediated by Social Capital. This is consistent with Resources Based View (RBV) Theory and Stakeholder Theory. The more Village Owned Enterprises could develop and maintain social capital, the higher sustainability economics in the villages as their stakeholders.: Indonesian Village Owned Enterprises set up by mandatory from the central government. Hence, to be able to survive in the long run, it needs to maximize its social capital from its village citizen. Village citizens are the main stakeholders, suppliers, as well as consumers of Village Owner Enterprises. During the Covid-19 pandemic, many villages citizen lost their job due to social restrictions related to the disease. As the unemployment rate is higher, this could be an endangered Village’s economic sustainability. Based on that problem, this research examines the Village Owned Enterprises’ Accounting Information System (AIS) and Social Capital in order to achieve the village’s economic sustainability during the Covid-19 Pandemic. This study type is survey research. Quantitative data are gathered using the questionnaires on 122 Village Owned Enterprises Managers in Indonesia. Data was then analyzed using Partial Least Square statistical models. The empirical analysis results show that AIS has effect on Social Capital and Sustainable Economics. Hence, Social Entrepreneurship as one form of Social Capital has positive effects on village sustainable economics. AIS effect on sustainable economics is partially mediated by Social Capital. This is consistent with Resources Based View (RBV) Theory and Stakeholder Theory. The more Village Owned Enterprises could develop and maintain social capital, the higher sustainability economics in the villages as their stakeholders.