AFCL

Article Details

Vol. 1 No. 1 (2026): February

The Effect of Financial Management on the Performance of Gemilang Savings and Loan Cooperative in Gowa Regency

https://doi.org/10.35912/afcl.v1i1.4363
27 Feb 2026

Abstract

Purpose: This study analyzes the effect of financial management on the performance of Gemilang Savings and Loan Cooperative in Gowa Regency and measures both variables based on member perception through simple linear regression.

Research Methodology: A quantitative survey approach was used. Data were obtained through a questionnaire distributed to 20 active members selected using purposive sampling, analyzed using descriptive analysis and simple linear regression.

Results: Descriptive analysis shows financial management obtained a mean value of 3.71, in the good category, while cooperative performance obtained a mean value of 3.74, also good. Regression results show financial management has a positive and significant effect on cooperative performance, with a regression coefficient of 0.671, a calculated t-value of 6.845, a significance level of 0.000, and a coefficient of determination of 0.723.

Conclusions: Financial management has a positive and significant effect on the performance of Gemilang Savings and Loan Cooperative. Effective financial management improves service quality, supports smooth loan disbursement, raises the loan repayment rate, and helps the cooperative reach its operational goals. Limitations: The study was conducted at a single cooperative with 20 respondents, so the results cannot yet be broadly generalized.

Contributions: The study provides empirical evidence on the importance of financial management in improving cooperative performance and can serve as a reference for cooperative management and future research.

Keywords

Cooperative Performance Financial Management Gowa Regency Savings and Loan Cooperative Simple Linear Regression

References

  1. Ahamed, M. M., & Mallick, S. K. (2019). Is financial inclusion good for bank stability? International evidence. Journal of Economic Behavior & Organization, 157, 403-427. https://doi.org/10.1016/j.j ebo.2017.07.027
  2. Al Rahahleh, N., Al-khyal, T. A., Daghran Alahmari, A., & Al-Hanawi, M. K. (2023). The financial performance of private hospitals in Saudi Arabia: An investigation into the role of internal control and financial accountability. PLoS ONE, 18(5). https://doi.org/10.1371/journal.pone.0285813
  3. Amegayibor, G. K. (2021). Leadership styles and employees' performance: A case of family-owned manufacturing company, Cape Coast. International Journal of Financial, Accounting, and Management, 3(2), 149-164. https://doi.org/10.35912/ijfam.v3i2.624
  4. Anggriawan, M. A., Handayani, N., & Sitinjak, F. (2026). Kegiatan rekapitulasi data simpan pinjam pada Koperasi Konsumen Mitra Sejajar Sejahtera. Jurnal Pengabdian Akuntansi, 3(1), 1-9.
  5. Anoke, F., Ngozi, N. H., Uchechukwu, E. S., & Joyce, I. (2022). Entrepreneurial marketing and SMEs growth in post Covid-19 era in Awka, Anambra State, Nigeria. International Journal of Financial, Accounting, and Management, 4(2), 115-127. https://doi.org/10.35912/ijfam.v4i2.833
  6. Ardianingsih. (2023). Literasi manajemen risiko pada Koperasi Simpan Pinjam dan Pembiayaan Syariah (KSPPS) di Indonesia. Dedikasi PKM, 4(3), 380-386.
  7. Badan Pusat Statistik Kabupaten Gowa. (2024). Kabupaten Gowa dalam angka 2024. Sungguminasa, Indonesia: Badan Pusat Statistik Kabupaten Gowa.
  8. Bawono, I., Maulina, E., Rizal, M., & Purnomo, M. (2022). The role of knowledge management capability, financial literacy, and problem-solving skills on organizational performance for SMEs. Frontiers in Psychology, 13, Article 930742. https://doi.org/10.3389/fpsyg.2022.930742
  9. Bikker, J. A., & Spierdijk, L. (2017). Handbook of competition in banking and finance. United Kingdom: Edward Elgar Publishing.
  10. Brigham, E. F., & Houston, J. F. (2019). Fundamentals of financial management (15th ed.). MA: Cengage Learning.
  11. Dwiningwarni, S. S., & Jayanti, R. D. (2019). Analisis rasio keuangan untuk mengukur kinerja keuangan koperasi serba usaha. J-MACC: Journal of Management and Accounting, 2(2), 125-142. https://doi.org/10.52166/j-macc.v2i2.1659
  12. Eton, M., Mwosi, F., & Mpora, E. B. (2023). Financial management practices and small-scale businesses' profitability, from the viewpoint of Kabale Municipality, Uganda. Annals of Management and Organization Research, 3(3), 165-178. https://doi.org/10.35912/amor.v3i3.1311
  13. Eton, M., Mwosi, F., Ogwel, B. P., & Olupot, S. P. (2025). Working capital management, accounts receivable, and performance of Small and Medium Enterprises (SMEs). International Journal of Financial, Accounting, and Management, 7(3), 453-471. https://doi.org/10.35912/ijfam.v7i3.3371
  14. Eviyanti, E., Hasanuddin, R., & Saleh, A. (2025). Pengaruh tata kelola koperasi terhadap kinerja keuangan koperasi simpan pinjam di Indonesia. Jurnal Manajemen dan Keuangan, 14(1), 1-15. Fahriani, D., & Zubaidah, T. R. (2023). Financial performance analysis of the saving and loan cooperative. JKIE: Journal Knowledge Industrial Engineering, 10(1), 38-49. https://doi.org/10.35 891/jkie.v10i1.4125
  15. Harefa, L., Zebua, S., Bate'e, M. M., & Kakisina, S. M. (2023). Penerapan SAK ETAP pada koperasi dalam penyajian laporan keuangan: Studi kasus Koperasi Konsumen Tokosa Sahabat Sejati Gunungsitoli. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 11(4), 1820-1828. https://doi.org/10.35794/emba.v11i4.50535
  16. Igbojioyibo, R. P. (2024). The impact of internal control systems on asset protection and financial reporting accuracy in SMEs. Asian Journal of Economics, Business and Accounting, 24(12), 65-80. https://doi.org/10.9734/ajeba/2024/v24i121592
  17. Kementerian Koperasi Republik Indonesia. (2024). Statistik koperasi Indonesia 2024. Indonesia: Deputi Kelembagaan, Kementerian Koperasi Republik Indonesia.
  18. Komalasari, W., & Ardiansyah, A. (2025). Analisis risiko gagal bayar piutang unit simpan pinjam Koppeg RSU R. Syamsudin, SH. Jurnal Ekualisasi, 6(2), 47-61. https://doi.org/10.60023/p8ae8t34 Matheus, R., Faber, R., Ismagilova, E., & Janssen, M. (2023). Digital transparency and the usefulness for open government. International Journal of Information Management, 73, Article 102690. https://doi.org/10.1016/j.ijinfomgt.2023.102690
  19. Mohd-Saleh, N., Ismail, M. D., & Hassan, M. S. (2025). Member activism, governance, and performance in cooperatives. International Journal of Disclosure and Governance, 22, 305-319. h ttps://doi.org/10.1057/s41310-024-00258-z
  20. Nainggolan, R. (2024). Market reaction on earnings announcement information contents: Analysis from book-to-market. International Journal of Financial, Accounting, and Management, 6(2), 183-196. https://doi.org/10.35912/ijfam.v6i2.1965
  21. Naufalina, Z., & Saputra, G. B. (2021). Penerapan Balanced Scorecard untuk menilai kinerja Koperasi Karyawan Sekar Pusat Penelitian Kopi dan Kakao Indonesia di Kabupaten Jember. Jurnal Manajemen Agribisnis dan Agroindustri, 1(1), 23-31. https://doi.org/10.25047/jmaa.v1i1.5
  22. Ningsih, E. W., & Albeta, F. R. (2026). Analisis partisipasi anggota dan pengelolaan kredit dalam peningkatan kinerja keuangan koperasi simpan pinjam: Studi kasus pada Koperasi Karyawan dan Dosen Universitas Lancang Kuning. Jurnal Ilmiah Ekonomi dan Bisnis, 5(1), 8769-8775.
  23. Nugroho, A., & Sari, D. P. (2022). Pengaruh pengelolaan keuangan terhadap kinerja koperasi simpan pinjam di Jawa Tengah. Jurnal Akuntansi dan Keuangan Indonesia, 19(2), 1-18.
  24. Onah, O. G., Enete, A. A., Okoye, C. U., Ume, C. O., & Onyia, C. C. (2024). Impact of credit access of farmers in cooperative societies on financial performance: The predictive effect of financial literacy. International Journal of Social Economics, 51(11), 1420-1433. https://doi.org/10.1108/IJ SE-10-2023-0837
  25. Pemerintah Kabupaten Gowa. (2021). Rencana Kerja Pemerintah Daerah (RKPD) Kabupaten Gowa Tahun 2021. Indonesia: Pemerintah Kabupaten Gowa.
  26. Rahayu, S., Hasan, M., & Iskandar, D. (2023). Pengaruh manajemen modal kerja dan risiko kredit terhadap kinerja keuangan koperasi simpan pinjam di Sulawesi Selatan. Jurnal Manajemen Bisnis dan Akuntansi, 5(1), 45-62.
  27. Rizki, N., Ridhawati, R., & Prasedya, T. C. I. T. (2024). Good corporate governance in cooperatives organization: Lesson learn from Indonesia. New Applied Studies in Management, Economics & Accounting, 7(1), 55-66. https://doi.org/10.22034/nasmea.2024.181225
  28. Ruslan, M. (2017). Coastal community cooperative performance model. Jurnal Ecosystem, 17(3), 849-860.
  29. Tilla, S. R., Hafidzi, A. H., & Nursaidah, N. (2025). Pengaruh modal kerja, pemberian kredit dan manajemen risiko terhadap kinerja keuangan koperasi simpan pinjam Daun Emas Nusantara periode tahun 2021-2024. Manajemen: Jurnal Ekonomi, 7(2), 574-587. https://doi.org/10.36985/9 cqv7n46
  30. Universitas Hayam Wuruk Perbanas Surabaya. (2021). Menganalisis sisa hasil usaha dalam koperasi. Jurnal Manajemen dan Bisnis Indonesia, 7(1), 7-24.

Authors

1 Nabila Febrianti Hermin
Universitas Muhammadiyah Makassar, Makassar, Indonesia
2 Wa Ode Rayyani
Universitas Muhammadiyah Makassar, Makassar, Indonesia

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Downloads

View PDF

Statistics

Downloads

Download data is not yet available.

Issue

Vol. 1 No. 1 (2026): February
Section: Articles
WhatsApp Instagram Facebook LinkedIn Email