A Qualitative Study in Indonesia Comparing the Institutional and Socio-Economic Roles of Banking and Cooperatives
DOI:
https://doi.org/10.58812/wsbm.v3i03.2004Keywords:
Banking, Cooperatives, Qualitative Research, Institutions, Financial InclusionAbstract
The goal of this qualitative study is to compare the roles, operational structures, and socioeconomic contributions of banks and savings and loans cooperatives in Indonesia. Both entities are strategically responsible for supporting the national financial system, especially in providing financial services to the lower middle class. This study uses a case study approach and in-depth interviews with managers of banks and cooperatives in three different areas. The study also found that banks are better at following the law and running their businesses efficiently, while cooperatives are better at building social ties and community-based economic empowerment. However, management and professionalism is a big problem for cooperatives. The results of this study say that to strengthen an inclusive and sustainable financial system in Indonesia, the commercial banking approach and the cooperative social approach must work together.
References
[1] J. M. Keynes, Vo Lu M E X X I X Th E G E Ne R a L T H Eo Ry a Nd a F T E R. 1936.
[2] S. E. Swasono, “Kemandirian Ekonomi: Menghapus Sistem Ekonomi Subordinasi Membangun Ekonomi Rakyat,” Jurnal Ekonomi Sosial Politik, vol. 5, no. 2. pp. 184–201, 2018.
[3] Hastangka, “Filsafat Ekonomi Pancasila Mubyarto,” FIlsafat, vol. 22, no. 01. pp. 1–20, 2012.
[4] “Co-operative identity interpretations and their correspondence with the original cooperative mission Puusa Anu, UEF Business School, University of Eastern Finland & Davis, Peter, Leicester University/University of Eastern Finland,” no. 1992, pp. 1–20, 1998.
[5] Economics in Context Initiative, “Comparative Economic Systems: Capitalism and Socialism in the 21st Century,” p. 67, 2021, [Online]. Available: http://www.bu.edu/eci/education-materials/teaching-modules/
[6] R. Chaves and A. Sajardo-Moreno, “Social Economy Managers: Between Values and Entrenchment,” Ann. Public Coop. Econ., vol. 75, no. 1, pp. 139–161, 2004, doi: 10.1111/j.1467-8292.2004.00246.x.
[7] M. S. H. Nurhayat Indra, Ir., “Pemikiran Koperasi dalam Menghadapi Industrial Era 4.0 and Society 5.0,” Bunga Rampai 2020, no. 022, 2020.
[8] Ν. Τσίρος, “Η νομιμότητα ως θεμελιώδης κοινωνιολογική κατηγορία στο έργο του Max Weber,” Επιστήμη Και Κοινωνία Επιθεώρηση Πολιτικής Και Ηθικής Θεωρίας, vol. 4, p. 149, 2015, doi: 10.12681/sas.741.
[9] W. Li and V. Abiad, “Institutions, Institutional Change, and Economic Performance,” SSRN Electron. J., no. June 2009, 2021, doi: 10.2139/ssrn.1416542.
[10] S. E. Jiuhardi, Ekonomi Pancasila Dalam Menghadapi Era Industrialisasi. 2022. [Online]. Available: www.ciptapublishing.com
[11] M. A. B. Khalily, M. A. Khaleque, and S. Badruddoza, “Impact of Regulation on the Cost Efficiency of Microfinance Institutions in Bangladesh,” Microfinance Institutions, pp. 139–161, 2014, doi: 10.1057/9781137399663_8.
[12] N. I. Rahayu, D. Fionasari, D. H. Anriva, S. Rahmayanti, J. Algusri, and N. Miftaroziah, “Analisis Laporan Keuangan Sebagai Alat Untuk Mengevaluasi Kinerja Keuangan Pada Koperasi Jaya Makmur,” J. Akunt. dan Ekon., vol. 12, no. 2, pp. 268–274, 2022, doi: 10.37859/jae.v12i2.4373.
[13] C. A. Sharp, “Qualitative Research and Evaluation Methods (3rd ed.),” Evaluation Journal of Australasia, vol. 3, no. 2. pp. 60–61, 2003. doi: 10.1177/1035719X0300300213.
[14] M. Sandelowski, “Session outline,” John Wiley Sons, Inc., no. 23, pp. 334–340, 2000, [Online]. Available: http://futureideas.eu/choosing-a-research-design-part-1-philosophies-and-approaches/%0Ahttp://wolf.wlv.ac.uk%0Ahttp://www.vitae.ac.uk/researchers/428241/Vitae-Researcher-Development-Framework.html%0Ahttp://doi.wiley.com/10.1002/1098-240X%28200008%2923%3A4
[15] J. Mackiewicz, A Mixed-Method Approach. 2018. doi: 10.4324/9780429469237-3.
[16] E. Ruslina, “Makna Pasal 33 Undang-Undang Dasar 1945 Dalam Pembangunan Hukum Ekonomi Indonesia,” J. Konstitusi, vol. 9, no. 1, p. 49, 2016, doi: 10.31078/jk913.
[17] F. B. Setiawan, “Pengaruh Program Pelatihan Ketrampilan dan Pembinaan Dinas Koperasi dan Usaha Mikro terhadap Perkembangan Usaha Mikro di Kabupaten Blitar,” J. Pendidik. dan Kewirausahaan, vol. 11, no. 2, pp. 560–576, 2023, doi: 10.47668/pkwu.v11i2.755.
[18] A. N. Darmawan, “Analisis Kinerja Keuangan Pada Koperasi Karyawan Putra Indonesia Malang,” Komastie J. Kop. Dan …, vol. 1, no. 1, pp. 70–77, 2020, [Online]. Available: http://journal.stiekop.ac.id/index.php/komastie/article/view/34
[19] M. Barzelay and W. R. Scott, “Institutions and Organizations,” Br. J. Sociol., vol. 48, no. 1, p. 161, 1997, doi: 10.2307/591930.
[20] R. Owen, A New View of Society: Or, Essays on the Principle of the Formation of the Human Character, and the Application of the Principle to Practice. in A New View of Society: Or, Essays on the Principle of Formation of the Human Character, and the Application of the Principle to Practice. Cadell and Davies, 1813. [Online]. Available: https://books.google.co.id/books?id=N0BZAAAAcAAJ
[21] R. Owen, “A New View of Society (1813),” A New View Soc. ther writitngs, pp. 1–50, 1927.
[22] J. Barney, “Firm Resources and Sustained Competitive Advantage,” Journal of Management, vol. 17, no. 1. pp. 99–120, 1991. doi: 10.1177/014920639101700108.
[23] ICA, “Guidance Notes to the Co-operative Principles,” Int. Co-op. Alliance, p. 120, 2015, [Online]. Available: https://ica.coop/en/media/library/research-and-reviews/guidance-notes-cooperative-principles
[24] W. Majee and A. Hoyt, “Cooperatives and community development: A perspective on the use of cooperatives in development,” J. Community Pract., vol. 19, no. 1, pp. 48–61, 2011, doi: 10.1080/10705422.2011.550260.
[25] ICA and EURICSE, “Exploring the cooperative economy REPORT 2023,” pp. 1–168, 2024, [Online]. Available: https://ica.coop/en/media/library/research-and-reviews-world-cooperative-monitor/world-cooperative-monitor-2023
[26] T. Aspromourgos, “The European Journal of the History of Economic Thought Competing Schools of Economic Thought,” no. September, 2012.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Wira Ganet Aribowo, Syarifah Ratih Kartika Sari
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Facebook 
Instagram 
Twitter 
Youtube 
westscience.journals@gmail.com