The Performance and Effectiveness of the Financial Management of Village-Owned Enterprises the Covid-19 Pandemic Research in Bumdes Toapaya, Bintan, Indonesia

Ruwanti, Sri and Ratih, Asri and Rikayana, Hadli and Adel, Jack (2021) The Performance and Effectiveness of the Financial Management of Village-Owned Enterprises the Covid-19 Pandemic Research in Bumdes Toapaya, Bintan, Indonesia. In: MEBIC 2021, 24-25 September 2021, Tanjungpinang City, Riau Islands Province, Indonesia.

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Abstract

This study aims to investigate the performance and effectiveness of financial management in BUMDes Toapaya. This study uses a qualitative approach where financial performance is calculated using financial ratios. Effectivenesss assessed through in-depth interviews with resource persons.The observations took place in 2019 and 2020, with 2019 being the base year. The results obtained show a decrease in profit of 38.81%, but NPM increased by 8% from the previous year. This was due to the strategy carried out during 2020 by Village-Owned Enterprises, BUMDes, to reduce the burden and adjust business activities in response to the effects of Covid-19 conditions. The results of BUMDes' efforts have not been effective in achieving all aspects that the village targets. However, the existence of BUMDes can create job opportunities and provide contribution to the village as locally-generated revenue (PADes).

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: effectiveness financial performance village owned-enterprises locally-generated revenue
Subjects: H Social Sciences > HF Commerce
Depositing User: EAI Editor IV
Date Deposited: 12 Jan 2022 11:40
Last Modified: 12 Jan 2022 11:40
URI: https://eprints.eudl.eu/id/eprint/9657

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