STUDY OF FACTORS AFFECTING RETURN OF ASSETS (ROA) IN EMPLOYEE COOPERATIVES OF THE REPUBLIC OF INDONESIA (KPRI) IN SEMARANG CITY

Amount: STUDY OF FACTORS AFFECTING RETURN OF ASSETS (ROA) IN EMPLOYEE COOPERATIVES OF THE REPUBLIC OF INDONESIA (KPRI) IN SEMARANG CITY

Authors: Kusmuriyanto

Item Type: Thesis

Memberships: Master of Management Study Program, Faculty of Economics and Business Universitas Airlangga Surabaya, Indonesia

Publisher: Airlangga University

Abstract

One measure to determine the success of a company's business (including cooperatives) in achieving business efficiency is return on assets (ROA). For companies what is important is not how to achieve large profits, but what is more important is how to increase return on assets. The variation in return on assets achieved by cooperatives is thought to be caused by several factors. The purpose of this study was to determine the factors that affect return on assets (ROA), and to determine the variables that have a dominant influence on return on assets (ROA) at the Indonesian Civil Service Cooperative (KPRI) in Semarang City. The research population is the Indonesian Civil Servant Cooperative (KPRI) which is a member of the Republic of Indonesia Employee Cooperative Center (PKPRI) in Semarang City. Determination of the research sample as many as 15 KPRI with purposive random sampling. This study uses a combination of times series data and cross section data, so that the number of cases in the study is 75. The research variables consist of member participation in utilizing services (x1), member participation in capital contributions (X2), working capital turnover (X3), and liquidity (X4), and return on assets (Y). The analytical model used is multiple linear regression. The results of the study indicate that the participation of members in utilizing services, participation of members in capital contribution, working capital turnover, and liquidity, together have a significant influence on the achievement of ROA; at KPRI in Semarang City, so hypothesis 1 (first) is accepted. This is indicated by the Frasio value of 93,477 which is greater than Ftable, which is 2,38. Together, the contribution of the independent variables to the dependent variable is 0.8423 or 84,23%, while the rest is influenced by other variables not disclosed in this study. Based on the coefficient of partial determination (r²) the member participation variable in utilizing the service has a dominant influence (2%) with the assumption that the other variables are considered constant. From the results of this study, it is hoped that it can be considered by the KPRI management in managing cooperative businesses, especially working capital management, so as to improve cooperative performance. Cooperative managers must always expand and improve services optimally. These services should prioritize and provide better benefits to members, especially in terms of price, completeness and quality of products, terms of payment, loan interest, loan procedures and loan terms, speed and accuracy of credit according to the needs and requests of members. Increasing the skills of managers (managers) and employees in business management and financial management needs to be carried out on an ongoing basis.

Keywords: ASSETS (ACCOUNTING)

sources: http://repository.unair.ac.id/34803/