Antecedents of Accountability Based on Karma Pala Teachings and its Consequences on Panureksa VCI Performance in Badung Regency
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 09
Abstract
The rampant involvement of Village Credit Institution (VCI) officials in corruption cases in various regions in Bali, especially in Badung Regency, is an interesting issue to be studied and researched further. This action, in addition to having an impact on the performance of the VCI organization, also has an impact on the sustainability of VCI in the future. As is known, published data shows that almost all regions in Bali have found VCI that are unhealthy and have even gone bankrupt. How is it possible that VCI, which is managed by the community based on traditional villages with very strict awig-awig, actually experiences fraud committed by the officials themselves. This is very embarrassing and distorts the goals of VCI that have been aspired to. The existence of various fraudulent practices is an indicator of the weak supervisory function in VCI. Prevention of unhealthy practices in VCI should be carried out properly if Panureksa is responsive to every transaction that exists. The failure of the supervisory body to prevent deviations in VCI management and protect village assets from corruption is a reflection of the weak performance of the VCI supervisory body. This study aims to answer the main problem regarding the role of belief in the law of karma as an antecedent in improving the performance of panureksa. This study was conducted at panureksa VCI in Badung Regency. Hypothesis testing was carried out using PLS-SEM analysis, with the help of SmartPLS 3.2.9 Software. The results of the study indicate that belief in the law of karma can increase the accountability of panureksa in carrying out their duties. Belief in the law of karma can function as a moral and ethical principle that encourages someone to act in a correct and responsible manner, with the belief that their actions will be rewarded accordingly in the future. Other results indicate that accountability can improve the performance of panureksa. Accountability requires panureksa to actively identify, assess, and manage risks that can affect VCI operations. Good risk management can reduce the likelihood of financial or operational problems, thereby increasing the stability and performance of the institution.
Authors and Affiliations
I Made Jamin Yasa , Ni Ketut Sariani , I Gusti Ngurah Sanjaya
Keywords
Related Articles
- EP ID EP745725
- DOI 10.47191/jefms/v7-i9-48
- Views 52
- Downloads 0
The Influence of Company Characteristics and Good Corporate Governance on the Quality of Sustainability Report Disclosure (In Banking Companies Listed on the IDX in 2020-2023)
The aim of this research is to investigate and evaluate the potential influence of company size, profitability, and audit committee on the level of transparency of sustainability reports in banking companies listed on th...
First “3 Second” Impression of Tiktok Marketing Strategy
The use of TIK TOK as promotional media is a form of marketing activity that can quickly spread information about a product and brand recognition of a product and the aim of this research is to find out the strategy for...
An Empirical Analysis of Money Demand and Its Stability in Zambia 1984-2021
The paper was an empirical analysis of the stability of money demand in Zambia between 1984 and 2021. The money demand function tries to explain the factors that influence people’s demand for money in an economy. The det...
The Influence of Perceived Easy of use and Perceived Usefulness on Dana user Loyalty on Surabaya with Satisfaction as a Medaiting Variable
This research aims to determine the influence of perceived ease of use and perceived usefulness on DANA user loyalty in Surabaya, with satisfaction as a mediating variable. Quantitative research methods were used in this...
The Role of Leadership, Organizational Citizenship Behavioral and Work Environment in Improving Employee Job Satisfaction
Early 2020 was marked by the outbreak of the Covid 19 pandemic throughout the world in general and Indonesia in particular. All parties work together to be able to cope with the Covid 19 pandemic outbreak. One of the ins...