Implementation of Social Culture in Corporate Governance: A Literature Study

Mukhtaruddin, Mukhtaruddin; Adam, Mohamad; Isnurhadi, Isnurhadi; Fuadah, Luk Luk

doi:10.5430/ijfr.v11n1p293

Cited by 5 publications

(5 citation statements)

References 34 publications

(23 reference statements)

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“…For example, teachers’ unions, soccer clubs, entrepreneurial support groups, and even extreme groups, such as motorcycle gangs or racial supremacist groups, also create social capital, although they can have negative consequences. In addition, based on Mukhtaruddin et al ( Mukhtaruddin et al, 2020 ) the tendency of interaction that arises due to mutual understanding to achieve specific goals can improve the quality of life of two parties in the community. So that the relationship, including Gotong Royong , can be useful as a solution to solve problems, such as in social capital.…”

Section: Literature Reviewmentioning

confidence: 99%

Gotong Royong as social capital to overcome micro and small enterprises' capital difficulties

Lukiyanto

Wijayaningtyas

2020

Heliyon

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One of the micro and small enterprises' (MSEs) main problem is business capital. Cash flow shortage often interrupts business development. This difficulty is due to the limited ability in meeting the requirements to access sources of capital. The development of micro and small enterprises using the culture of the local community is a way to overcome this issue. Asians generally have the perception of Gotong Royong (which means 'mutual aid' in English) as a form of collectivism. This study comes from the gap whether Gotong Royong serves as social capital to overcome the difficulties of micro and small enterprises’ capital. Therefore, the purpose of this study is to find out the perception of owners of MSEs toward the application of Gotong Royong culture, which suggests how to overcome the business capital difficulties in reality. The qualitative method was applied to investigate the informants with triangulation process to validate the result accuracy. The results of this study show that MSEs owners build their businesses with the family culture, which upholds a Gotong Royong character. Small: based on the field data processing, the second result reveals that the social capital of the community in the form of Gotong Royong culture could overcome capital constraints in micro and small enterprises. Similarly, the Gotong Royong culture applied in business could reduce the capital requirement that should be prepared by micro and small entrepreneurs. The contribution of this research is for business owners so that they do not lose the character of mutual cooperation and to provide input for the government to support family businesses that still rely on these characters by giving light funding assistance. However, this research must be developed further in a broader business scale with different informant profiles so that the results will be more comprehensive.

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Section: Literature Reviewmentioning

confidence: 99%

Gotong Royong as social capital to overcome micro and small enterprises' capital difficulties

Lukiyanto

Wijayaningtyas

2020

Heliyon

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“…The social activities carried out must benefit the corporation materially or immaterially; in other words, still within the scope of profit and loss calculation (good image) (Ahmed et al, 2021;Kelley et al, 2019;Pérez-Cornejo Clara et al, 2021). If a corporation is out of the pre-conventional morality section, then this entity has arrived at the conventional moral level, where the rules will justify/blame all forms of corporate activities (Irawan et al, 2022;Mukhtaruddin et al, 2020;Shiryayev, Danang Wahyu Muhammad / Social Assistance by Corporations in Pandemic Era: Between Obligations or Culture? 2021).…”

Section: Discussionmentioning

confidence: 99%

“…The urgency of this research is that some corporations are aware of social problems, and private corporations have social responsibilities in dealing with them, because corporations must pay attention to business ethics and maintain goodwill (Fauzia, 2017;Mukhtaruddin et al, 2020). But the current trend shows there is a new corporate philanthropy paradigm, namely strategic philanthropy as a new paradigm that can provide social benefits while increasing long-term profits such as spread the existence of the product name, and foster partnerships between business units (Lu, J. Ren et al, 2020;Manuel & Herron, 2021;Philipus, 2021).…”

Section: Introductionmentioning

confidence: 99%

Social Assistance by Corporations in Pandemic Era: Between Obligations or Culture?

Muhammad

Kautsar

2023

IJSSB

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Gotong royong is the cultural root of Indonesian society. The attitude of gotong royong is manifested in togetherness and kinship as integration of Indonesian people. The Pandemic of the new coronavirus has extensively tested the course of gotong royong values. In the context of corporate’s philanthropy activities, it aims to provide social benefits, the current trend shows there is a new corporate philanthropy paradigm, namely strategic philanthropy that can provide social benefits while increasing long-term profits such as spread the existence of the product name, and foster partnerships between business units. This study analyze the trends, motives, and moral directions of the corporate's philanthropic activities after introducing pandemic restrictions on national culture (gotong royong). The research method used in this research is normative with a conceptual approach. This study uses secondary data through primary legal materials and secondary legal materials. The data collected will be analyzed using a qualitative approach and stated descriptively. The final results of those research that there are a considerable effect of corporate morality strongly influences the motives and motivation of corporations in carrying out social activities. Corporate morale is influenced by stakeholder backgrounds, goals, and corporates business strategies. So in order to maintain the unity and stability of the corporations and the surrounding community, multi-stakeholder collaboration with the principle of gotong royong through national clusters to overcome the impact of the COVID-19 Pandemic is urgently needed.

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“…Transaksi hubungan istimewa sering kali menjadi perhatian utama dalam kerangka kerja Good Corporate Governance (GCG). Prinsip-prinsip GCG menekankan pentingnya transparansi, akuntabilitas, dan pengawasan yang kuat untuk memastikan kepentingan pemangku kepentingan terlindungi secara adil (Mukhtaruddin et al, 2020). Dalam konteks ini, transaksi hubungan istimewa memiliki potensi untuk memengaruhi independensi dan objektivitas pengawasan perusahaan oleh dewan direksi dan komisaris, yang pada gilirannya dapat memengaruhi kepatuhan terhadap prinsip-prinsip GCG.…”

Section: Pendahuluanunclassified

“…Penggunaan komisaris independen sebagai variabel kontrol bertujuan untuk memitigasi kemungkinan adanya bias dalam pengambilan keputusan terkait manajemen pajak yang dapat dipengaruhi oleh kepentingan internal dari pihak-pihak terafiliasi. Komisaris independen dapat memainkan peran penting dalam memastikan transparansi dan akuntabilitas perusahaan, yang pada gilirannya dapat memengaruhi praktik manajemen pajak yang dilakukan oleh perusahaan (Mukhtaruddin et al, 2020). Komisaris independen dapat berhubungan dengan faktor-faktor seperti profitabilitas, kepemilikan asing, leverage, dan transaksi hubungan istimewa.…”

Section: Pendahuluanunclassified

Fenomena Manajemen Pajak: Transaski Hubungan Istimewa Sebagai Variabel Moderasi

Siregar,

Khomsiyah

2023

E-Jurnal Akuntansi

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The research aims to determine the effect of profitability, foreign ownership and leverage on tax management, with the moderating effect of special relationship transactions. A total of 75 companies in the raw and primary consumer goods sector on the Indonesia Stock Exchange for the 2019-2022 period were used as samples using the purposive sampling method. The analysis was carried out using a panel data regression model, which had previously been tested on classical assumptions. The research results show that profitability has a positive effect, while foreign ownership has a negative effect. Meanwhile, leverage has no effect. Special relationship transactions do not have a moderating role in the relationship between profitability and foreign ownership. However, it can weaken the influence of leverage. These findings highlight the complexity of internal and external factors that influence tax management practices. This research can provide guidance for practitioners and researchers in developing more effective tax management strategies. Keywords: Foreign Ownership; Leverage; Tax Management; Profitability; Special Relationship Transactions

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Implementation of Social Culture in Corporate Governance: A Literature Study

Cited by 5 publications

References 34 publications

Gotong Royong as social capital to overcome micro and small enterprises' capital difficulties

Gotong Royong as social capital to overcome micro and small enterprises' capital difficulties

Social Assistance by Corporations in Pandemic Era: Between Obligations or Culture?

Fenomena Manajemen Pajak: Transaski Hubungan Istimewa Sebagai Variabel Moderasi

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