Performance of Village-Owned Enterprises and Achievement of Development Goals in Buleleng Bali
1I Made Madiarsa, 2Gede Suardana, 3Mertyani Sari Dewi, 4Ni Putu Sri Wati, 5Desak Ketut Budiasih
1,2,3Lecture of Faculty Management Study Program, Faculty of Economics, Panji Sakti University, Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia
4Lecture of Satya Dharma College of Economics Jl. Judistira No. 11 Singaraja 81112, Bali, Indonesia
5Student of Faculty Management Study Program, Faculty of Economics, Panji Sakti University, Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia; Satya Dharma College of Economics Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia
https://doi.org/10.47191/jefms/v6-i11-36
ABSTRACT:
This research was conducted with the aim of knowing the financial performance of the Village Enterprises "Valli Karya Lestari" and the contribution of its performance to achieving the Sustainable Development Goals of Bengkala Village. This research was conducted at Village Enterprises "Valli Karya Lestari" Bengkala Village, Kubutambahan District, Buleleng Regency. The analysis technique used is quantitative and qualitative analysis (mix-method). Based on the results of data analysis, it can be seen that the financial performance of Village Enterprises "Valli Karya Lestari" from the aspects of poor capital, good asset development, business results achieved has decreased, aspects Return On Asset still below standard, and aspects Return On Equity (ROE) has a ratio that is still much lower than the industry standard ratio. Village Enterprises "Valli Karya Lestari" has contributed to 8 programs Village SDGs from18 Village SDGs programs, namely: villages without poverty, healthy and prosperous villages, quality village education, gender equality, villages worthy of clean water and sanitation, jobs and economic growth, village innovation, villages without gaps. Village Enterprises "Valli Karya Lestari" has also contributed to 5 programs Village SDGs it's just not intensive and optimal, namely; villages without hunger, sustainable village settlements, environmentally conscious village consumption and production, Village of peace and justice; partnership to develop villages. Improving financial performance by paying attention to efficiency in the use of assets and own capital. The advice given is to be careful in using external capital because it bears more risk, improving employee performance, exploring village potential together with the village government, increasing village participation capital. coordinate more with the village government in supporting the Village SDGs program.
KEYWORDS:
Village Enterprises, Village SDGs
REFERENCES:
1) Adawiyah, R. (2018). Strategy for developing village-owned enterprises (bumdes) based on social capital aspects (study at Bumdes Surya Sejahtera, Kedungturi Village, Taman District, Sidoarjo Regency) (Doctoral dissertation, Universitas Airlangga).
2) Arta, I. K. K., & Remaja, I. N. G. (2023). Legal Protection for Village-Owned Enterprises Based on Law Number 11 of 2020 concerning Job Creation. Journal of Research and Development of Science and Humanities, 7(1), 155-162.
3) Barbier, E. B., & Burgess, J. C. (2017). The Sustainable Development Goals and the systems approach to sustainability. Economics, 11(1), 20170028.
4) Biglari, S., Beiglary, S., & Arthanari, T. (2022). Achieving sustainable development goals: Fact or Fiction?. Journal of Cleaner Production, 332, 130032.
5) Bali Swain, R., & Yang-Wallentin, F. (2020). Achieving sustainable development goals: predicaments and strategies. International Journal of Sustainable Development & World Ecology, 27(2), 96-106.
6) Darmawan, A., Alamsyah, R., Koswara, R., & Ahmadi, D. (2022, August). Strengthen the role of village owned enterprises (BUMDes) to improve social welfare and reduce inequality in rural areas: Lesson from Indonesia. In Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwokerto, Central Java, Indonesia.
7) Gunawan, K., Suandana, N., Mekarsari, N. K. A., Sriwati, N. P., Arnawa, G., Artajiwa, D. N., ... & Artaningsih, L. (2023). BUSINESS MANAGEMENT AND FINANCIAL REPORTING LITERACY EFFORTS IN INCREASING SUSTAINABLE PROFITABILITY IN THE WOMEN FARMERS GROUP OF SILANGJANA VILLAGE. Jnana Karya, 4(1).
8) Hidayat, V. (2023). Implementation of Priority Use of Village Funds in Adapting to New Habits and National Economic Recovery for Fiscal Year 2022 in Bantan District (Doctoral dissertation, Bengkalis State Polytechnic).
9) Madiarsa, M., Suardana, G., Gunawan, K., Suandana, N., Mekarsari, N. A., Metera, G. M., ... & Kurniawan, M. G. A. (2021). INCREASING THE CAPACITY OF "LANGGENG LESTARI" VILLAGE MANAGEMENT IN PADANGBULIA VILLAGE, SUKASADA DISTRICT, BULELENG DISTRICT. Jnana Karya, 2 (1), 1-12.
10) Prayitno, G., & Subagiyo, A. (2018). Building villages: Planning villages with a participatory and sustainable approach. Brawijaya University Press.
11) Prasetya, D. (2016). USE OF SOCIAL CAPITAL IN EMPOWERING AND ORGANIZING DISABILITIES GROUPS (DESCRIPTIVE STUDY OF THE JANGER KOLOK DANCE COMMUNITY IN BENGKALA VILLAGE, KUBUTAMBAHAN DISTRICT, BULELENG DISTRICT, BALI PROVINCE).
12) Renawati, P. W. (2020, August). The Existence of Kolok in the Inscription Script of Bengkala Village, Kubutambahan Subdistrict, Buleleng Regency (Perspective of Hindu Theology). In WARDS 2019: Proceedings of the 2nd Warmadewa Research and Development Seminar (WARDS), 27 June 2019, Denpasar-Bali, Indonesia (p. 285). European Alliance for Innovation.
13) Sukarja, D., Siregar, M., & Lubis, T. (2021, August). Legal Implication of Law No. 11/2020 Concerning Job Creation on Village-Owned Enterprises in Indonesia. In Proceedings of the 1st International Conference on Education, Humanities, Health and Agriculture, ICEHHA 2021, 3-4 June 2021, Ruteng, Flores, Indonesia.
14) Trisnawatia, I., & Yasa, I. W. (2020). The potential of Bengkala village as a balinese village consisting of disabled residents in the field of tourism and alternative tourism. International Journal of Innovation, Creativity and Change, 12(5), 631-642.
15) Yustisia, T. V. (2015). Law Number 6 of 2014 concerning Villages and Related Regulations. Visimedia.
16) Whittingham, K. L., Earle, A. G., Leyva-de la Hiz, D. I., & Argiolas, A. (2023). The impact of the United Nations SUSTAINABLE DEVELOPMENT GOALS on corporate sustainability reporting. BRQ Business Research Quarterly, 26(1), 45-61.