EFFECTIVENESS OF THE CAPITAL STRUCTURE OF SHARIA COOPERATIVE ON PERFORMANCE AND HEALTH MFOs
Marisa Ayu Andarini and Sri Herianingrum
Airlangga University
Abstract
Effect of Capital Structure of Sharia Cooperative on Performance and Health of LKMS with Kementrian Koperasi indicator standard. This study aims to determine and analyze the comparison of capital structure on the performance and health of an LKMS in Indonesia. The population in this study were four BMT or KSPPS in East Java with location distribution in Madura (BMT NU), Surabaya (BMT Muda), Bojonegoro (KSPPS As Salam) and Gresik (KSPPS MUI). The result of research shows that BMT NU has the highest level in achieving optimal performance and health, so it can know the capital structure of BMT NU to achieve the optimal performance and health. In the capital structure division of BMT NU there is a core capital with a share of 35% of total liabilities. Quasi Equity is funds obtained from collecting third party funds based on the principle of mudaraba by 7% of Total Liabilities. Third party funds deposited in BMT NU are either voluntary or savings deposits amounting to 30% of Total Assets. BMT NU here also has a large portion of debt to meet the Capital in running its business that is equal to 28% of Total Pasiva.
Keywords: Capital Structure, Sharia Cooperative Performance, Optimal performance and health.
Topic: Social and Economic Issues