Rural Development Lessons: Institutional Insights on Good Corporate Governance in Village Owned Enterprises

Authors

  • Dyah Ayu Nur Safitri Universitas Bojonegoro, Jawa Timur, Indonesia
  • Esa Septian Universitas Bojonegoro, Jawa Timur, Indonesia https://orcid.org/0000-0002-9238-7999
  • Sri Kasiami Universitas Bojonegoro, Jawa Timur, Indonesia

DOI:

https://doi.org/10.51135/PublicPolicy.v6.i1.p63-82

Keywords:

Governance, Good Corporate Governance, BUMDes Governance

Abstract

This study examines the institutional dimensions of BUMDes Berkaho in implementing Good Corporate Governance (GCG) through the lens of institutional theory, employing a qualitative case study approach. The findings reveal that BUMDes Berkaho integrates GCG principles through responsive and innovative leadership, fostering transparency, accountability, and responsibility. Its operations are structured around legal frameworks, a clearly defined vision and mission, and organizational bylaws. Financial resources, infrastructure, and technology are managed effectively with government support, ensuring alignment between development programs, community needs, and local economic potential. A well-structured internal governance system further enhances transparency and accountability, underscoring the relevance of institutional theory in strengthening BUMDes as a catalyst for sustainable local economic growth.

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Published

2025-02-22

How to Cite

Dyah Ayu Nur Safitri, Esa Septian, & Sri Kasiami. (2025). Rural Development Lessons: Institutional Insights on Good Corporate Governance in Village Owned Enterprises. Public Policy ; Jurnal Aplikasi Kebijakan Publik Dan Bisnis, 6(1), 63–82. https://doi.org/10.51135/PublicPolicy.v6.i1.p63-82

Issue

Vol. 6 No. 1 (2025): Public Policy : Jurnal Aplikasi Kebijakan Publik dan Bisnis (on process)

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Articles

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