Pub Date : 2018-11-01DOI: 10.32770/JBFEM.VOL1205-216
Dito Rinaldo Novandi, Mirza Hedismarlina Yudeline, Ivan Diryana
Micro small and medium enterprises (MSMEs) in Indonesia have difficulties in developing their business, this is due to a lack of knowledge and references about good governance concepts for MSMEs. Base on that phenomenon, this study aims to find the right indicators, to be used as a reference for MSME in improving good governance. Using experimental research methods, we found several good governance indicators for MSMEs: (1) Transparency: Transparency of financial statements through separation of company and personal finance, transparency of rights and obligations of employees, (2) Accountability: Human resources function, marketing function, financial function and operation function (3) Responsibility: business legality, waste management and Product Certification, (4) Independency: Profitability and autonomy in managing the business, (5) fairness: Equal opportunity in a company career and a fair compensation system. This indicator is implemented in the evaluation process of MSMEs, The result show that MSMEs with better governance score, able to survive and improve its performance while MSMEs with bad score go bankrupt. These results prove that these indicators can be used as an evaluation tool and can be a reference for MSMEs in creating good governance.
{"title":"ome / Archives / Vol 1 No 2 (2018): Regular Issue / Articles CREATING MSMEs GOVERNANCE INDICATORS, AS EVALUATION TOOLS AND REFERENCE IN CREATING A GOOD CORPORATE GOVERNANCE","authors":"Dito Rinaldo Novandi, Mirza Hedismarlina Yudeline, Ivan Diryana","doi":"10.32770/JBFEM.VOL1205-216","DOIUrl":"https://doi.org/10.32770/JBFEM.VOL1205-216","url":null,"abstract":"Micro small and medium enterprises (MSMEs) in Indonesia have difficulties in developing their business, this is due to a lack of knowledge and references about good governance concepts for MSMEs. Base on that phenomenon, this study aims to find the right indicators, to be used as a reference for MSME in improving good governance. Using experimental research methods, we found several good governance indicators for MSMEs: (1) Transparency: Transparency of financial statements through separation of company and personal finance, transparency of rights and obligations of employees, (2) Accountability: Human resources function, marketing function, financial function and operation function (3) Responsibility: business legality, waste management and Product Certification, (4) Independency: Profitability and autonomy in managing the business, (5) fairness: Equal opportunity in a company career and a fair compensation system. This indicator is implemented in the evaluation process of MSMEs, The result show that MSMEs with better governance score, able to survive and improve its performance while MSMEs with bad score go bankrupt. These results prove that these indicators can be used as an evaluation tool and can be a reference for MSMEs in creating good governance.","PeriodicalId":341607,"journal":{"name":"Journal of Business & Finance in Emerging Markets","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123749596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-01DOI: 10.32770/JBFEM.VOL1175-188
R. P. Sihombing, Monika Palupi Murniati, C. Susilowati
The purpose of this research is to conduct an evalution regarding social enterprise organization management control system by applying service learning method. The method is conducted by involving students from accounting department, those who take the subject of management control system. The students are expected to have an understanding from real cases directly from the real world. The result of this study finds out that the management control system applied at YSMAK, as a partner has not yet run effectively. The result was obtained through several evaluations. First, the evaluation of conformity between vision, mission and strategy the foundation as a non-profit organization along with its education units. Second, the evaluation of leadership style and the characteristics of the education units.
{"title":"ALIGNING BETWEEN VISION AND LEADERSHIP STYLE OF SOCIAL ENTERPRISE: A CASE STUDY FROM SERVICE LEARNING PROJECT","authors":"R. P. Sihombing, Monika Palupi Murniati, C. Susilowati","doi":"10.32770/JBFEM.VOL1175-188","DOIUrl":"https://doi.org/10.32770/JBFEM.VOL1175-188","url":null,"abstract":"The purpose of this research is to conduct an evalution regarding social enterprise organization management control system by applying service learning method. The method is conducted by involving students from accounting department, those who take the subject of management control system. The students are expected to have an understanding from real cases directly from the real world. The result of this study finds out that the management control system applied at YSMAK, as a partner has not yet run effectively. The result was obtained through several evaluations. First, the evaluation of conformity between vision, mission and strategy the foundation as a non-profit organization along with its education units. Second, the evaluation of leadership style and the characteristics of the education units.","PeriodicalId":341607,"journal":{"name":"Journal of Business & Finance in Emerging Markets","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131133140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-01DOI: 10.32770/JBFEM.VOL1197-204
H. V. Mukesh, Babu Thomas
Developing and sustaining the entrepreneurs are critical for sustainable economic growth. Entrepreneurs are the key drivers of the knowledge economy, investment in knowledge and human capital generate economic wealth. The creation of knowledge base and en-cashing the outcome of knowledge depend up on the entrepreneurial talent. There is an increasing need for developing strong entrepreneurial force. The major question in front of governments and policy makers is, how to identify the entrepreneurial talent and nurture them. Entrepreneurial talent can be detected through entrepreneurial potential, which is based on theory of planned behavior. Further achievement motivation is another promising trait that initiates entrepreneurial carrier. The study expects to answer the means of identifying entrepreneurial talent through entrepreneurial potential and to evaluate the impact of achievement motivation on entrepreneurial potential.
{"title":"DEVELOPING AND SUSTAINING FUTURE ENTREPRENEURIAL TALENT: A STUDY OF STUDENT ENTREPRENEURIAL POTENTIAL AND ACHIEVEMENT MOTIVATION","authors":"H. V. Mukesh, Babu Thomas","doi":"10.32770/JBFEM.VOL1197-204","DOIUrl":"https://doi.org/10.32770/JBFEM.VOL1197-204","url":null,"abstract":"Developing and sustaining the entrepreneurs are critical for sustainable economic growth. Entrepreneurs are the key drivers of the knowledge economy, investment in knowledge and human capital generate economic wealth. The creation of knowledge base and en-cashing the outcome of knowledge depend up on the entrepreneurial talent. There is an increasing need for developing strong entrepreneurial force. The major question in front of governments and policy makers is, how to identify the entrepreneurial talent and nurture them. Entrepreneurial talent can be detected through entrepreneurial potential, which is based on theory of planned behavior. Further achievement motivation is another promising trait that initiates entrepreneurial carrier. The study expects to answer the means of identifying entrepreneurial talent through entrepreneurial potential and to evaluate the impact of achievement motivation on entrepreneurial potential.","PeriodicalId":341607,"journal":{"name":"Journal of Business & Finance in Emerging Markets","volume":"167 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114435916","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-01DOI: 10.32770/JBFEM.VOL1189-196
Wiwiek Harwiki, Achmad Choiron, S. Hartini
The paper explores creativity, innovation and competitiveness of batik creative industry in keeping of existence in global market. Purposes of this research are to identify how creativity, innovation and competitiveness of batik crafter encounter to global market and to produce the model. Through 7 informants (3 batik associates, 4 retailers) we analyzed and explicated the assumptions of creativity, innovation and competitiveness by locating the study within the interpretive research paradigm and exemplifying the global market that has impacts on batik industries recently. This study also acknowledges and addresses the government roles in supporting of creativity, innovation and competitiveness to encounter global market.
{"title":"BATIK CREATIVE INDUSTRY: CREATIVITY, INNOVATION AND COMPETITIVENESS TO ENCOUNTER GLOBAL MARKET","authors":"Wiwiek Harwiki, Achmad Choiron, S. Hartini","doi":"10.32770/JBFEM.VOL1189-196","DOIUrl":"https://doi.org/10.32770/JBFEM.VOL1189-196","url":null,"abstract":"The paper explores creativity, innovation and competitiveness of batik creative industry in keeping of existence in global market. Purposes of this research are to identify how creativity, innovation and competitiveness of batik crafter encounter to global market and to produce the model. Through 7 informants (3 batik associates, 4 retailers) we analyzed and explicated the assumptions of creativity, innovation and competitiveness by locating the study within the interpretive research paradigm and exemplifying the global market that has impacts on batik industries recently. This study also acknowledges and addresses the government roles in supporting of creativity, innovation and competitiveness to encounter global market.","PeriodicalId":341607,"journal":{"name":"Journal of Business & Finance in Emerging Markets","volume":"359 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115954549","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}