E3S Web Conf.
Volume 340, 2022The 13th of Aceh International Workshop and Expo on Sustainable Tsunami Disaster Recovery (The 13th AIWEST-DR 2021)
|Number of page(s)||6|
|Section||Community Resilience and Disaster Education|
|Published online||25 January 2022|
Analysis of village owned enterprises (BUMDes) financial performance before and during COVID-19 pandemic
1 Accounting Department, Universitas Syiah Kuala, Banda Aceh, Indonesia
2 Islamic Economic Department, Universitas Syiah Kuala, Banda Aceh, Indonesia
* Corresponding author: email@example.com
COVID-19 outbreak had brought a significant impact on economic dynamics in Indonesia, including rural economy. Rural economy continues to decline which is marked by an increase in the poverty rate and a decrease in the purchasing power of rural communities. This study aims to analyse BUMDes financial performance before and during COVID-19 pandemic in Banda Aceh city. BUMDes or Viilage-owned Enterprises are village business institutions managed by village’s community and village’s government in order to strengthen the village economy based on needs and potential of the village. The indicators of financial performance used in this study are sales and the ability of BUMDes to pay their debts. This study uses primary data. The population are managers of BUMDes located in Banda Aceh city. The sampling method used in this study is random sampling. Analysis of differential test between BUMDes financial performance before and during COVID-19 pandemic is performed using paired sample t-test. The financial performance variables are sales turnover and liquidity. BUMDes sales turnover is measured by the number of sales, while BUMDes liquidity is measured by BUMDes ability to pay salaries and also BUMDes ability to pay operational debts. The results show that there is a significant difference between the number of sales before COVID-19 pandemic and the number of sales during COVID-19 pandemic. The descriptive statistics shows that the average sales before COVID-19 was higher than the average sales during COVID-19 pandemic. This significant difference is indicated by a p-value < 0.05, which is 0.05. Meanwhile, BUMDes ability to pay its employees’ salaries and BUMDes ability to pay debts are not significant, because the p-values > 0.05, which are 0.83 and 0.25 respectively. The descriptive statistics shows that the average BUMDes ability to pay debts before COVID-19 pandemic was higher than the average ability to pay debts during COVID-19 pandemic.
© The Authors, published by EDP Sciences, 2022
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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