The impact of member participation as owners and customers on equity capital efficiency in the Pasir Jambu cooperative
Keywords:
Member participation, Equity capital efficiency, Cooperatives, Pasir jambuAbstract
This study aims to analyze the effect of member participation as owners and customers on the efficiency of equity capital in the Pasir Jambu Cooperative. Member participation as owners and customers is an important factor that influences the cooperative's ability to manage capital efficiently, which in turn has an impact on the sustainability and performance of the cooperative. The research method used is quantitative, with primary data collected through questionnaires distributed to members of the Pasir Jambu Cooperative. The data analysis technique uses multiple linear regression to identify the relationship between member participation as owners and customers on equity capital efficiency. The results of the study indicate that member participation as owners has a significant effect on equity capital efficiency, while participation as customers shows a moderate effect. The implications of this study indicate that increasing member participation both as owners and customers can strengthen the equity efficiency of the Cooperative, thereby increasing the competitiveness of the cooperative in a competitive market
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Assarroudi, A., Heshmati Nabavi, F., Armat, M. R., Ebadi, A., & Vaismoradi, M. (2018). Directed qualitative content analysis: the description and elaboration of its underpinning methods and data analysis process. Journal of Research in Nursing, 23(1), 42–55.
Atmowardoyo, H. (2018). Research methods in TEFL studies: Descriptive research, case study, error analysis, and R & D. Journal of Language Teaching and Research, 9(1), 197–204. https://doi.org/10.17507/jltr.0901.25
Bianchi, M., & Vieta, M. (2020). Co-operatives, territories and social capital: reconsidering a theoretical framework. International Journal of Social Economics, 47(12), 1599–1617. https://doi.org/10.1108/IJSE-03-2020-0135
Biden, J. R. (2021). Interim national security strategic guidance. The White House, 8.
Candemir, A., Duvaleix, S., & Latruffe, L. (2021). Agricultural cooperatives and farm sustainability–A literature review. Journal of Economic Surveys, 35(4), 1118–1144.
Chimhowu, A. O., Hulme, D., & Munro, L. T. (2019). The ‘New’ national development planning and global development goals: Processes and partnerships. World Development, 120, 76–89. https://doi.org/10.1016/j.worlddev.2019.03.013
Coward, E. W. (2019). Direct or indirect alternatives for irrigation investment and the creation of property. In Irrigation investment, technology, and management strategies for development (pp. 225–244). Routledge.
Fischer, B., Gutsche, G., & Wetzel, H. (2021). Who wants to get involved? Determining citizen willingness to participate in German renewable energy cooperatives. Energy Research and Social Science, 76, 102013. https://doi.org/10.1016/j.erss.2021.102013
Gusmão Caiado, R. G., Leal Filho, W., Quelhas, O. L. G., Luiz de Mattos Nascimento, D., & ÃÂÂÂÂÂvila, L. V. (2018). A literature-based review on potentials and constraints in the implementation of the sustainable development goals. Journal of Cleaner Production, 198, 1276–1288. https://doi.org/10.1016/j.jclepro.2018.07.102
Hale, J., & Carolan, M. (2018). Cooperative or Uncooperative Cooperatives? Digging into the Process of Cooperation in Food and Agriculture Cooperatives. Journal of Agriculture, Food Systems, and Community Development, 8(1), 1–20. https://doi.org/10.5304/jafscd.2018.081.011
Halilintar, M. (2018). Cooperatives and economic growth in Indonesia. European Research Studies Journal, 21(2), 611–622. https://doi.org/10.35808/ersj/1027
Hendriani, S. (2018). The role of cooperative development strategy to improving the success of village cooperative (KUD) in Riau Indonesia. International Journal of Law and Management, 60(1), 87–101. https://doi.org/10.1108/IJLMA-11-2016-0132
Höhler, J., & Kühl, R. (2018). Dimensions of Member Heterogeneity in Cooperatives and Their Impact on Organization – a Literature Review. Annals of Public and Cooperative Economics, 89(4), 697–712. https://doi.org/10.1111/apce.12177
Kusz, D., Bąk, I., Szczecińska, B., Wicki, L., & Kusz, B. (2023). Determinants of Return-on-Equity (ROE) of Biogas Plants Operating in Poland. Energies, 16(1), 31. https://doi.org/10.3390/en16010031
Lal, T. (2019). Measuring impact of financial inclusion on rural development through cooperatives. International Journal of Social Economics, 46(3), 352–376. https://doi.org/10.1108/IJSE-02-2018-0057
Lampinen, A., McGregor, M., Comber, R., & Brown, B. (2018). Member-Owned alternatives: Exploring participatory forms of organising with cooperatives. Proceedings of the ACM on Human-Computer Interaction, 2(CSCW), 1–19. https://doi.org/10.1145/3274369
Limnios, E. M., Mazzarol, T., Soutar, G. N., & Siddique, K. H. (2018). The member wears Four Hats: A member identification framework for co-operative enterprises. Journal of Co-Operative Organization and Management, 6(1), 20–33.
Martoyo, M., Adeng, A., Erwantoro, H., Karunia, R. L., Alamsyah, A., & Amin, F. (2023). Keeping Bung Hatta’s idea: Cooperatives for social and economic development. Res Militaris, 13(2), 3765–3776. https://resmilitaris.net/index.php/resmilitaris/article/view/2914
Novkovic, S., Puusa, A., & Miner, K. (2022). Co-operative identity and the dual nature: From paradox to complementarities. Journal of Co-Operative Organization and Management, 10(1), 100162. https://doi.org/10.1016/j.jcom.2021.100162
Panigrahi, A. K., & Vachhani, K. (2021). Financial analysis by return on equity (ROE) and return on asset (ROA)-A comparative study of HUL and ITC. Journal of Management Research and Analysis, 8(3), 131–138. https://doi.org/10.18231/j.jmra.2021.027
Shava, E., & Hofisi, C. (2019). Cooperatives as strategies of local economic development in the City of Tshwane. Journal of Contemporary Management, 16(2), 23–42. https://doi.org/10.35683/jcm18028.0025
Stoop, E., Brandsen, T., & Helderman, J. K. (2021). The impact of the cooperative structure on organizational social capital. Social Enterprise Journal, 17(4), 548–565. https://doi.org/10.1108/SEJ-08-2020-0063
Vidal, L. (2019). Cooperative Islands in Capitalist Waters: Limited-equity Housing Cooperatives, Urban Renewal and Gentrification. International Journal of Urban and Regional Research, 43(1), 157–178. https://doi.org/10.1111/1468-2427.12726
Warbroek, B., Hoppe, T., Bressers, H., & Coenen, F. (2019). Testing the social, organizational, and governance factors for success in local low carbon energy initiatives. Energy Research & Social Science, 58, 101269.
Yacob, Y., Ali, J. K., Roslin, R., & Ting, H. (2018). The relationships between member participation, trust, Behavioural loyalty, and the moderating effect of ethnicity: An explanatory study of value co-creation among cooperative members in Sarawak. International Journal of Business and Society, 19(2), 505–522.
Yu, L., & Nilsson, J. (2019). Social capital and financial capital in Chinese cooperatives. Sustainability (Switzerland), 11(8), 2415. https://doi.org/10.3390/su11082415
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Published
2025-01-26
How to Cite
Wulandari, L., Sarusu, A. M. ., & Gorib, R. I. . (2025). The impact of member participation as owners and customers on equity capital efficiency in the Pasir Jambu cooperative. Journal of Management Science (JMAS), 8(1), 357–367. Retrieved from https://exsys.iocspublisher.org/index.php/JMAS/article/view/619
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