Analysis Of Determinants Of Bisiness Performance And Sustainable Competitiveness On Cooperatives In Central Java Province

Abstract

This research aims to provide an explanation and provide answers to the contradictions regarding the model concept in improving business performance which is formed through cooperative empowerment policy factors, business strategy, member participation and financial technology (Fintech) as well as its implementation of sustainable competitiveness in cooperatives in Central Java. The research method used was a mixed method with a sequential explanatory approach and data analysis using the Structural Equation Model (SEM) analysis technique. The research population was 10,007 cooperatives in Central Java Province. Determining the sample using the Slovin formula resulted in 200 cooperatives using a purposive sampling technique. The data collection techniques used were observation, interviews, documentation studies, Focus Group Discussions (FGD) and distributing questionnaires. The research results were concluded: 1). The cooperatives that are most popular among people in Central Java are savings and loan cooperatives. 2). Empowerment policy factors, business strategy, member participation, financial technology and business performance influence the competitiveness of cooperatives in Central Java. 3). Increasing sustainable competitiveness in cooperatives in Central Java can be improved through strengthening cooperative member participation factors, empowerment policies and financial technology (Fintech).