Title: The evaluative survey of the development of financial performances of cooperatives and micro small and medium enterprises in Riau, Indonesia
Authors: Alvi Furwanti Alwie; Susi Hendriani; Yulia Efni; Rosnelly Roesdi
Addresses: Faculty of Economic and Business, Riau University, Indonesia ' Faculty of Economic and Business, Riau University, Indonesia ' Faculty of Economic and Business, Riau University, Indonesia ' Faculty of Economic and Business, Riau University, Indonesia
Abstract: This study aims for the purpose of identifying methods of surveying, observation, and evaluation of the financial performance of cooperatives and SMEs, guidelines on the database, data processing and approaches of analysis. The research analysis is descriptive-quantitative method using SWOT analysis. Results of research founds that the financial performance of the cooperative aspect of equity, foreign capital aspect, aspect business volume and aspects of operating results had poor performance and needs revamping. The financial performance of the cooperatives in the self-owned capital aspect is in poor performance and needs to improve since the increase in self-owned capital was not followed by the increase in surplus (SHU) and highly needs to improve since when the business volume increased, the surplus (SHU) decreased. There has never been a previous study conducted on MSME in Riau Province using SWOT analysis, thereby it became the location of origin for this study.
Keywords: strengths; weakness; opportunities and threat; SWOT; UMKM; business performance; enterprises; Indonesia.
International Journal of Business Excellence, 2023 Vol.29 No.1, pp.31 - 45
Received: 01 Jul 2019
Accepted: 10 Mar 2020
Published online: 16 Jan 2023 *