PENGARUH BUDAYA ORGANISASI DAN KEPUTUSAN PENDANAAN TERHADAP KINERJA KEUANGAN PADA KOPERASI DI DENPASAR
Keywords:
Organizational Culture, Funding Decisions, Financial Performance.Abstract
This study aims to explain the effect of funding decisions on organizational culture, explain the influence of organizational culture on financial performance, explain the effect of funding decisions on financial performance. This research was conducted at a cooperative in Denpasar. Financial performance is an analysis carried out to see how far the company has carried out supervision by using financial implementation rules properly and correctly. Financial performance in this study is influenced by funding decisions and organizational culture. The culture that develops and is applied to the organization or company can influence decisions taken by management or company owners related to the use of external funding sources that can affect financial performance. Data analysis was performed using PLS (partial least square). The results of this study indicate that organizational culture has a positive and insignificant effect on funding decisions, organizational culture has a positive and significant influence on financial performance and funding decisions have a negative and significant influence on financial performance.
Downloads
References
Aisyah, S. and Savitri, E., 2014. Pengaruh Good Governance, Gaya Kepemimpinan, Komitmen Organisasi dan Budaya Organisasi Terhadap Kinerja Pemerintah Daerah (Studi Pada Pemerintah Daerah Kabupaten Kampar). Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi, 1(2), pp.1-16.
Anggraini, N., 2017. Pengaruh Struktur Modal Terhadap Kinerja Keuangan Pada Perusahaan Farmasi Yang Terdaftar Di Bursa Efek Indonesia Periode 2010-2014. Jurnal Online Mahasiswa Fakultas Ilmu Sosial dan Ilmu Politik Universitas Riau, 4(2), pp.1-11.
Anthonie, D.P., Tulung, J.E. and Tasik, H.H., 2018. Pengaruh Struktur Modal Terhadap Kinerja Keuangan Pada Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2012-2016. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 6(2).
Arifin, A., 2016. Pengaruh Budaya Organisasi Terhadap Kinerja Perusahaan Daerah Air Minum Kabupaten Bone Bolango. Jurnal Akuntansi, 1(2).
Habib, A., 2008. Kiat jitu peramalan saham. Penerbit Andi, Yogyakarta.
Astawa, I.P. and Sudika, P., 2015. The Impact of Local Culture on Financial Performance in Property Firms in Bali. Asia-Pacific Management and Business Application, 3(2), pp.106-115.
Brau, J. C (2002) Do Bank price owner manager agency cost? An examination of small business borrowing, Journal of Small Business Management, 140, pp 273-286.
Brigham, Eugene F. and Daves, Philip R. 2014. Intermediate Financial Management 12 edition
Deshpande, R. and Farley, J.U., 1999. Corporate culture and market orientation: Comparing Indian and Japanese firms. Journal of International Marketing, pp.111-127.
Dewi, L.N. and Suardana, K.A., 2015. Pengaruh keputusan investasi dan Good Corporate Governance pada kinerja keuangan serta implikasinya pada nilai perusahaan. E-Jurnal Akuntansi, pp.786-802.
Dwija, I.G.A.M.A., Ulupui, I.G.K.A. and Wirawati, N.G.P., 2017. Pengaruh Good Corporate Governance dan Budaya Tri Hita Karana Pada Kinerja Bank Perkreditan Rakyat. Jurnal Ilmiah Akuntansi dan Bisnis, pp.17-24.
Erfan, N. and Elgiziry, K., 2016. The impact of managerial risk culture on the capital structure and the investment decision of corporations in Egypt. International Research Journal of Applied Finance, 7(12), pp.356-371.
Fahmi, I., 2014. Manajemen keuangan perusahaan dan pasar modal. Edisi Pertama. Mitra Wacana Media. Jakarta.
Fleming, A.E., Petheram, L. and Stacey, N., 2015. Australian indigenous women’s seafood harvesting practices and prospects for integrating aquaculture. Journal of Enterprising Communities: People and Places in the Global Economy, 9(2), pp.156-181.
Frost, P.J., Moore, L.F., Louis, M.R.E., Lundberg, C.C. and Martin, J.E., 1985. Organizational culture. Sage Publications, Inc.
Gitosudarmo, I., dan Basri., 2002,”. Manajemen Keuangan”, BPFE, Yogyakarta.
Golafzani, M.K. and Chirani, E., 2016. Organizational Culture and the Financial Performance of Manufacturing Firms. International Journal Of Advanced Biotechnology And Research, 7, pp.1701-1711.
Hasnawati, S., 2005. Dampak set peluang investasi terhadap nilai perusahaan publik di Bursa Efek Jakarta. Jurnal Akuntansi dan Auditing Indonesia, 9(2).
Horne, James C. and Wachowicz, John M. 2012. Prinsip-prinsip manajemen keuangan (Buku 1) Edisi. 13. Jakarta : Salemba Empat.
Jensen MC, Meckling W (2006). Theory of the firm: managerial behavior, agency costs, and Capital structure. Journal of Finance and Economics, 3, (1).
Kaplan, Robert S. dan David P. Norton. 1997. Strategi Aksi Balanced Scorecard. Diterjemahkan oleh Peter, R. Yosi, Pasla. Jakarta : Erlangga.
Koentjaraningrat. 1984. Kebudayaan, mentalitas dan pembangunan, Jakarta, PT. Gramedia
Koperasi, D. and Kecil, U., 2012. Undang Undang Republik Indonesia Nomor 17 Tahun 2012 Tentang Perkoperasian. Diundangkan di Jakarta Pada Tanggal, 30.
Kotter J.P. dan Heskett S.L. 1997.corporate culture and performance, PT. Prenhallindo Simon & Schruster(Asia) Pte Ltd
Moeljono Djokosantoso, 2003. Budaya Korporat dan Keunggulan Korporasi , Elex Media Komputindo, Jakarta
Nassar, S., 2016. The impact of capital structure on Financial Performance of the firms: Evidence From Borsa Istanbul. Journal of Business and Financial Affairs, 5(173), pp.2167-0234.
Nirajini, A and Priya, K B. 2013. Impact of Capital Structure on Financial Performance of the Listed Trading Companies in Sri Lanka. International Journal of Scientific and Research Publications, p.1-9
Ningsih, A.P., Luh, N., Wiagustini, N.L.P., Artini, S., Gede, L. and Rahyuda, H., 2015. Organizational Culture, Decision of Funding and Financial Performance: An Evidence from Small and Medium Enterprises. European Journal of Business and Management, 7(32), pp.148-158.
Nirajini, A. and Priya, K.B., 2013. Impact of capital structure on financial performance of the listed trading companies in Sri Lanka. International Journal of Scientific and Research Publications, 3(5), pp.1-9.
Ozzie, L. and Malelak, M.I., 2015. Pengaruh Corporate Culture dan Organisational Commitment terhadap Financial Performance Perusahaan Keuangan di Surabaya. Finesta, 3(1), pp.79-84.
Parimartha, I Gede dkk. 2011. Nilai karakter Bangsa dan Aktualisasinya dalam kehidupan masyarakat Bali, cetakan I, Denpasar, Udayana University Press,
Prayitno, D.H., 2016. Pengaruh likuiditas, Efektivitas modal Kerja, Leverage terhadap ROA dan ROE pada KPRI di Kabupaten Lamongan. Jurnal Akuntansi, 1(1), pp.10-Halaman.
Ratnadi, N.M.D., Putra, I.N.W.A. and Wirawati, N.G.P., 2017. Budaya Organisasi, Orientasi Etika Dan Kinerja Keuangan Koperasi. Jurnal Ekonomi dan Pariwisata, 12(1).
Robbins, Stephen, P. 2005. Organizational Behavior, Int. Ed., Prentice Hall. Ltd, USA
Ravasi, D. and Schultz, M., 2006. Responding to organizational identity threats: Exploring the role of organizational culture. Academy of management journal, 49(3), pp.433-458.
Sastra, I.M.B. and Erawati, N.M.A., 2017. Pengaruh Penerapan Prinsip-Prinsip Good Corporate Governance Dan Budaya Tri Hita Karana Pada Kinerja Keuangan. E-Jurnal Akuntansi, pp.421-451.
Sari, S.S., 2015. Analisis Struktur Modal Terhadap Kinerja Keuangan Pada Perusahaan Properti Dan Real Estate Yang Terdaftar Di Bei. Jurnal Riset Akuntansi Dan Bisnis, 15(1).
Schein, Edgar, H. 2004. Organizational Culture and Leadership, 3rd ed. John Wiley and Sons, Inc. San
Sholichah, R., Mardani, R.M. and Salim, M.A., 2018. Pengaruh Struktur Modal, Profitabilitas, Dan Ukuran Perusahaan Terhadap Keputusan InvestasI (Studi Kasus Pada Sektor Industri Barang Konsumsi Perusahaan Makanan Dan Minuman Yang Terdaftar DI Bursa Efek Indonesia Periode 2012-2016). Jurnal Ilmiah Riset Manajemen, 7(02).
Simpson, S. and Cacioppe, R., 2001. Unwritten ground rules: transforming organization culture to achieve key business objectives and outstanding customer service. Leadership & Organization Development Journal, 22(8), pp.394-401.
Sitiari, NW., Suprapti, NWS., Sintaasih, DK., Sudibya, GA. 2016. Exploration of Bali's Cultural Values and Entrepreneurial Orientation in Relation to Cooperative Managers In Bali. European Journal of Business and Management. Vol.8, No.14
Skopljak, V. and Luo, R., 2012. Capital structure and firm performance in the financial sector: Evidence from Australia. Asian Journal of Finance & Accounting, 4(1), pp.278-298.
Satyawati, N.M.R. and Suartana, I.W., 2014. Pengaruh Gaya Kepemimpinan dan Budaya Organisasi terhadap Kepuasan Kerja yang Berdampak pada Kinerja Keuangan. E-Jurnal Akuntansi, pp.17-32.
Tandelilin, E., Kaaro, H. and Mahadwartha, P.A., 2007. Supriyatna.(2007). Corporate governance, risk management, and bank performance: Does type of ownership matter.
Ulum, I., 2007. Pengaruh intellectual capital terhadap kinerja keuangan perusahaan perbankan di Indonesia (Doctoral dissertation, Program Pascasarjana Universitas Diponegoro).
Vătavu, S., 2015. The impact of capital structure on financial performance in Romanian listed companies. Procedia Economics and Finance, 32, pp.1314-1322.
Warmana, G.O. and Widnyana, I.W., 2017. Pengaruh Keputusan Pendanaan Terhadap Kinerja Keuangan Perusahaan Pada Sektor Pariwisata, Restoran Dan Hotel. Jurnal Ekonomi dan Pariwisata, 12(2).
Wiagustini, N.L.P., 2010. Dasar-dasar Manajemen Keuangan. Cetakan Pertama. Denpasar.
Wiagustini, N.L.P., Ningsih, N.L.A.P. and Artini, L.G.S., 2016. Budaya “Catur Purusa Artha “Dan Orientasi Kewirausahaan Sebagai Basis Keputusan Pendanaan Dan Kinerja Keuangan. Proseding
Xiaochi, Z., 2012. Discussion on international internship and intercultural competence from a perspective of higher educational internationalization-A case study of the program work and travel USA. Cross-Cultural Communication, 8(5)
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Agus Putra Mardika
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
NHJ is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Articles in this journal are Open Access articles published under the Creative Commons CC BY-NC-SA License This license permits use, distribution and reproduction in any medium for non-commercial purposes only, provided the original work and source is properly cited.
Any derivative of the original must be distributed under the same license as the original.