IMPLEMENTATION OF PEARLS ANALYSIS TO MEASURE THE FINANCIAL PERFORMANCE OF COOPERATIVES

Wahyu Maulana, Very Andrianingsih

Abstract


This study aims to determine the financial performance of cooperatives using PEARLS analysis. The data sources used are secondary data sources in the form of financial reports from 2017 to 2019 and non-financial reports in the form of data on the number of members. The results showed that the cooperative's financial performance on variable P showed a non-ideal performance; variable E shows indicators E1 and E5 are not ideal, E6 is less than ideal and E9 is ideal; variable A shows non-ideal performance; Variable R shows indicators R9 is not ideal and R12 is ideal; variable L indicates the category is not ideal; and the S variable shows that S10 is not ideal and S11 is less than ideal. From the analysis of PEARLS indicate that the performance of cooperatives in a state which is not good because of the 13 indicators studied, only three indicators that show the ideal categories while the 8 indicators are always in a state which is not ideal and the two other indicators simply ideal in a given year

Keywords


Cooperative, PEARLS Analysis, and Financial Performance

Full Text:

PDF

References


Ahie, S. 2021. Financial performance of the credit union rivet kumang branch office in Melawi district based on PEARLS. Business, economics and entrepreneurship journal, Vol 3 No 1 2021 pp : 29-41.

Hasnawati, F. 2013. Management of cooperatives. Ambassador Azhar Publisher: Medan

Hendar. 2010. Management of Cooperative Companies. Erlangga : Jakarta.

Hutasuhut, Arman D. 2001. Cooperative Management Towards Cooperative Entrepreneurship. Scientific Journal of Business Management Vol 1 No 1 2001

Juki, M. 2017. Financial performance based on the PEARLS ratio at credit union semandang jaya in Balai semandang, Simpang Hulu sub-district, Ketapang district. Bis-ma Journal (business management) Vol 1 No 11 2017

Kartasapoetra, G. et al. 2007. Indonesian Cooperatives. PT Rineka Cipta : Jakarta.

Manurung. 2000. Cooperatives in Indonesia : Problems, Opportunities and Challenges in the Future. Economics e-Journal

Muliani, LE et al. 2014. The Effect of Financial Performance on Firm Value With Disclosure of Corporate Social Responsibility and Good Corporate Social Governance as Moderating Variables. JIMAT (Accounting Student Scientific Journal) UNDHIKSA. Vol 2 No 1 2014

Orniati, Y. 2009. Financial Reports as a Tool for Assessing Financial Performance. Journal of Business Economics. Vol 14 No 3 2009 pp : 206-213

Richardson, DC. 2002. PEARLS Monitoring System. World Council of Credit Unions: Madison.

Selan, Y., de Rozari, PE & Makatita, RF. 2018. The Effect of Financial Literacy on Savings and Loans of Cooperative Members at Citra Akademika Kupang. Journal of Management: small and medium enterprises (SMEs). Vol 6 No 1 2018 pp : 21-37.

Siaila, S. 2017. Comparative analysis of financial performance using the PEARLS method at the Hati Amboina credit union and the Ain Hovain credit union in Maluku province. Soso-q : management journal Vol 5 No 1 2017 pp : 99-114.

Soedarsa, HG and Nathalia, D. 2016. Analysis of Health Level of Savings and Loan Cooperatives in Tulang Bawang Barat District. Journal of financial accounting. Vol 7 No 2 2016

Sujarweni, V. Wiratna. 2014. Research methodology. New press library: Yogyakarta

Sumantri, BA and EP Permana. 2017. Management of Cooperatives and Micro, Small and Medium Enterprises (MSMEs). Faculty of Economics, Universitas Nusantara PGRI Kediri : Kediri.

Sunarwati, A. 2018. Analysis of PEARLS as a Measuring Tool for Financial Performance at the Sinar Harapan Kopdit Kediri. Simki-Economic Journal Vol 2 No 3 2018 ISSN : 2599-0748 pp : 1-9

Tangdialla, R & Sanda, A. 2021. Analysis of the health level of cooperatives based on the PEARLS indicator in Sibarrung cusauan cooperatives. Journal of Economix Vol 9 No 1 2021

Law No. 25 of 1992 concerning Cooperatives

Widiyanti, N and Sunindhia, YW. 2008. Cooperatives and the Indonesian Economy. Rineka Cipta : Jakarta

www.bi.go.id




DOI: https://doi.org/10.36766/ijag.v5i2.230

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.