Research Article
Village-Owned Enterprises Performance and Rural Entrepreneurship Development in Central Java
@INPROCEEDINGS{10.4108/eai.27-7-2021.2316917, author={Nanik Sri Utaminingsih and Amir Mahmud and Nurdian Susilowati}, title={Village-Owned Enterprises Performance and Rural Entrepreneurship Development in Central Java}, proceedings={Proceedings of the 4th International Conference on Economics, Business and Economic Education Science, ICE-BEES 2021, 27-28 July 2021, Semarang, Indonesia}, publisher={EAI}, proceedings_a={ICE-BEES}, year={2022}, month={3}, keywords={community-based development programs rural entrepreneurship village fund village-owned enterprises performance}, doi={10.4108/eai.27-7-2021.2316917} }- Nanik Sri Utaminingsih
Amir Mahmud
Nurdian Susilowati
Year: 2022
Village-Owned Enterprises Performance and Rural Entrepreneurship Development in Central Java
ICE-BEES
EAI
DOI: 10.4108/eai.27-7-2021.2316917
Abstract
Rural entrepreneurship in Indonesia is implemented through Village-Owned Enterprises (BUMDesa). Village-Owned Enterprises has a vital role as a collective economic institution that aims to optimize the welfare of rural communities and develop village potential. However, the implementation and effect of the Village-Owned Enterprises s program are questionable. Thus, this study aims to investigate the role of Village-Owned Enterprises in encouraging rural entrepreneurship and strengthening rural economic development. In addition, this study also explores the challenges and performance of Village-Owned Enterprises. This study uses a qualitative method with a case study approach. Data were obtained through in-depth interviews: this research interviews some society, Village-Owned Enterprises administrators, village heads, and village secretaries. The results show that Village-Owned Enterprises are proven to encourage rural entrepreneurship with the dimensions of exploration and empowerment, capacity building, and all stakeholders' support and involvement. The village government provides a capital stimulus through village funds so that Village-Owned Enterprises can develop sustainable businesses. During the pandemic, Village-Owned Enterprises can continue to run their business. Except for Village-Owned Enterprises with tourism business units, their income has decreased significantly.