Effectiveness and Efficiency of Financial Management in Village-Owned Enterprises (BUMDes)
A Case Study of Sindang Jaya Village, Sindang Kelingi District
DOI:
https://doi.org/10.55606/bijmt.v6i1.6396Keywords:
Effectiveness, Efficiency, Financial Management, Local Economic Development, Village-Owned EnterpriseAbstract
This study aims to analyze the level of effectiveness and efficiency in the financial management of the Village-Owned Enterprise (BUMDES) Lestari Jaya, located in Sindang Jaya Village, Sindang Kelingi District. Village-Owned Enterprises serve as an instrument for enhancing local economic independence and improving community welfare through business innovation and participatory management. The research applies a qualitative descriptive method, involving observation, interviews, and documentation of BUMDES financial reports from 2021 to 2023. Findings show that BUMDES Lestari Jaya managed its finances effectively and efficiently, achieving effectiveness levels of 96%, 95%, and 98.46% for 2021–2023 respectively, and efficiency ratios of 50%, 50%, and 49.23%. These results indicate that the enterprise has implemented sound financial management principles, including accountability, transparency, and cost control. The study concludes that effective financial governance in BUMDES contributes significantly to sustainable village development and community empowerment.
References
Asmawati, S. (2019). Efficiency in village financial management. Deepublish.
Handayani, T., Nugroho, S., & Hartono, B. (2021). Governance and performance of BUMDES in Indonesia. Journal of Community Development, 10(3), 211–222.
Hasibuan, M. S. P. (2020). Management: Basics, understanding, and applications. Bumi Aksara.
Kementerian Desa, PDTT. (2021). Regulation No. 11 of 2021 on village-owned enterprises.
Mahmudi. (2021). Public sector performance management. UPP STIM YKPN.
Mardiasmo. (2018). Public sector accounting. Andi.
Nugraha, Y., & Sihombing, R. (2020). Determinants of BUMDES financial accountability. Jurnal Keuangan Publik, 4(1), 77–85.
Nurhazana, R. (2020). Principles of BUMDES management. Mitra Wacana.
OECD. (2019). Measuring performance in local governance. OECD Publishing.
Prasetyo, H., & Anggraini, L. (2022). Evaluation of village financial performance in Bengkulu Province. Journal of Economic Policy, 9(2), 145–158.
Putri, N. W., Arifin, M., & Sari, D. (2023). Digital transformation in village-owned enterprises. Journal of Rural Innovation, 7(1), 45–56.
Robbins, S. P., & Coulter, M. (2020). Management (14th ed.). Pearson Education.
Sembiring, D., & Rahman, A. (2023). Role of financial control in sustainable village business. International Journal of Economics and Rural Studies, 12(1), 64–79.
Setiadi, D. R. I. M., & Rustad, S. (2023). Village governance efficiency: Lessons from Indonesia. Governance Studies, 15(4), 98–107.
Siregar, R. (2022). Transparency and accountability in BUMDES financial reports. Jurnal Akuntansi Publik, 8(1), 12–24.
Sukmawati, D. (2021). Village entrepreneurship and local economic growth. Rural Development Journal, 6(3), 33–47.
Suparni, & Hutapea, H. (2022). Effectiveness and efficiency in village-owned enterprise financial management. Journal of Village Economics, 5(2), 112–120.
Suryanto, A. (2021). Financial management of BUMDES. Alfabeta.
Taufik, H. (2020). Implementation of good governance in village-owned enterprises. Journal of Public Administration, 5(2), 89–101.
World Bank. (2017). Governance and the law. World Bank Group.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Brilliant International Journal Of Management And Tourism
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
