INFLUENCE OF BALINESE LOCAL CULTURE-BASED ORGANIZATIONAL CULTURE ON FUNDING DECISIONS AND FINANCIAL PERFORMANCE (A STUDY ON COOPERATIVES IN DENPASAR)
I Made Suniastha Amerta, Agus Putra Mardika, and Ni Wayan Sitiari
Universitas Warmadewa
Abstract
This study aims to identify the determinants of cooperation in Denpasar. Financial performance in this study is influenced by funding decisions and organizational culture. Culture that develops and is applied to organizations or companies can influence decisions taken by management or company owners related to the use of external funding sources that can affect financial performance. The respondents of this study were 58 cooperative managers in Denpasar. Data analysis was performed using PLS (partial least square). The results indicate that: organizational culture has a positive and not significant influence on funding decisions, organizational culture has a positive and significant influence on financial performance and funding decisions have a negative and significant influence on financial performance. This study are expected to provide an understanding of how funding decisions is reflected in the amount of third party funds (savings and deposits), meaning that the increasing number of third party funds will increase the value of cooperatives, if cooperative funds increase, cooperatives will easily increase lending to the community, increasing deposit rates, so that cooperatives in Denpasar city will grow rapidly.
Keywords: Menyama Braya, Decision of Funding, Financial Performance
Topic: Law in tourism