Implementation of risk management in savings and loan business cooperatives

Lapiti Gokmatua Sagala; Raymond Fransiscus

Authors

Lapiti Gokmatua Sagala Management, STIE IBMI, Medan, Indonesia
Raymond Fransiscus Management, STIE IBMI, Medan, Indonesia

Keywords:

implementation, Risk Management, Savings, Loans Cooperatives

Abstract

Savings and loan cooperatives or financial services cooperatives are cooperatives that operate in the financial sector with savings and loan activities. Risk management is an effort to identify, analyze, and control risks in every company activity to obtain higher effectiveness and efficiency. There are many cases of bad credit that occur in cooperatives. Based on the background description above, the problem formulation in this research is how to implement risk management in savings and loan cooperatives. The research method uses a qualitative approach with a descriptive nature. The results of the discussion on the implementation of risk management in savings and loan cooperatives are carried out using the process of Risk Identification, Risk Measurement, and Risk Monitoring, how to handle risks, and implement the chosen method, to achieve shareholder value in savings and loan cooperatives.

Downloads

Download data is not yet available.

References

Darmawi, Herman, 2016. Risk Management: Edition 2. Offset Graphic Sinar. Jakarta.

Dewi, M. K., Rosmanita, F., Prasetyo, M. B., Putri, N. I. S., & Haidir, B. M. 2013. Islamic bank risk management. Jakarta: Salemba Empat.

Kanchu, T., & Kumar, M. M. 2013. Risk management in banking sector–an empirical study. International, journal of marketing, financial services & management research, 2(2), 145-153.

Karyono. 2013. Forensic Fraud. Yogyakarta: Andi. Material, G. $., 2021, Summary of “F,eneits of risk management”, risk management 24.

Muhammad Syarofi, 2022, implementation of risk management in sharia non-bank financial institutions (analysis study of savings and loan units using sharia patterns in Banyuwangi, financial journal, vol 1, no 1.

Mussa, Sitti Hardianti, 2013. Evaluation of Management Control Systems to Improve Sales Manager Performance at PT. Hasjrat Abadi Manado. EMBA Journal vol 1 no. 4.

Oaks, T., Aberdeen, T., & Psychology, E. 2013. Yin, R. K. 2009. Case study research: Design and methods (4th Ed.). Thousand Oaks, CA: Sage. The Canadian Journal of Action Research, 14(1), 69–71. https://doi.org/10.33524/cjar.v14i1.73

Sudarwnto.Adenk, 2013. Practical approach to cooperative accounting and preparation of financial reports. Science House. Yogyakarta

Sundari, Tjutju. 2012, Descriptive research methods, Bandung, UPI. Stuss, Magdalena & Herdan, Agnieszka 17.

Susilo, L. J., Kaho, V. R., & Novita, D. 2019. Risk Management Based on ISO 31000: 2018: Guide for Risk Leaders and Risk Practitioners.

Supriyadi, Deddy.2023, Application of Risk Management in Savings and Loans Cooperatives, ideas and tips for cooperatives and performing MSMEs, Indonesian cooperative university.

Wulandari, Rika, and Romi Susanto. 2019. Implementation of Operational Risk Management in the Teller Unit at PT. West Sumatra Regional Development Bank, Lubuk Alung Branch. Padang: Journal

Zimbelman, Mark F., Conan C. Albrecht, W. Steve Albrecht, Chad O. Albrecht. 2014. Forensic Accounting (Translation). Jakarta: Salemba Empat.