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p-Index From 2021 - 2026
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All Journal Journal of Economics, Business, & Accountancy Ventura ASEAN Journal of Community Engagement
Shauki, Elvia R
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Economics, Econometrics & Finance Education Public Health Social Sciences Other

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The Effect of Venture Capital on the Growth of Startups in Indonesia: A Case Study on BRI Ventures Miraza, Chairanisa Natasha; Shauki, Elvia R
Journal of Economics, Business, and Accountancy Ventura Vol. 25 No. 3 (2022): December 2022 - March 2023
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v25i3.2927

Abstract

The low success rate of startups has caused venture capital firms to bear a large risk of investment failure (BRI Ventures, 2021). Venture capital firms play an important role in identifying potential startups and being the driving force for startup success. This study aims to find out the role of BRI Ventures (BVI) in increasing the success rate of startups in Indonesia, how BRI Ventures (BVI) makes funding decisions, and the criteria set before funding startups. The data analysis uses descriptive qualitative analysis, which includes content, thematic, and constant comparative analysis and is processed using the NVivo 12 Pro software application. This study uses the diffusion of innovation theory to examine the role of BRI Ventures (BVI) in increasing the success rate of startups in Indonesia. The results show that BRI Ventures (BVI) uses the 5Ps approach, a self-designed investment analysis tool to assess whether a startup is feasible to fund. The indicators of 5Ps include people, product, potential market, performance, and potential upsides. The people indicator, which consists of the founder and the team, plays an important role in the success of a startup. The findings of this study suggest that BRI Ventures proactively provide innovations through mentoring programs to increase the success rate of startups. This research is expected to be useful in the financial sector, especially in terms of funding and innovation, for the business sustainability.
The Effect of Venture Capital on the Growth of Startups in Indonesia: A Case Study on BRI Ventures Miraza, Chairanisa Natasha; Shauki, Elvia R
Journal of Economics, Business, and Accountancy Ventura Vol. 25 No. 3 (2022): December 2022 - March 2023
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v25i3.2927

Abstract

The low success rate of startups has caused venture capital firms to bear a large risk of investment failure (BRI Ventures, 2021). Venture capital firms play an important role in identifying potential startups and being the driving force for startup success. This study aims to find out the role of BRI Ventures (BVI) in increasing the success rate of startups in Indonesia, how BRI Ventures (BVI) makes funding decisions, and the criteria set before funding startups. The data analysis uses descriptive qualitative analysis, which includes content, thematic, and constant comparative analysis and is processed using the NVivo 12 Pro software application. This study uses the diffusion of innovation theory to examine the role of BRI Ventures (BVI) in increasing the success rate of startups in Indonesia. The results show that BRI Ventures (BVI) uses the 5Ps approach, a self-designed investment analysis tool to assess whether a startup is feasible to fund. The indicators of 5Ps include people, product, potential market, performance, and potential upsides. The people indicator, which consists of the founder and the team, plays an important role in the success of a startup. The findings of this study suggest that BRI Ventures proactively provide innovations through mentoring programs to increase the success rate of startups. This research is expected to be useful in the financial sector, especially in terms of funding and innovation, for the business sustainability.
Village fund accountability and gendering in Masculine Hegemonic Institution: A study during COVID-19 Fitriani, Desti; Shauki, Elvia R; Pratiwi, Siti Czafrani
ASEAN Journal of Community Engagement Vol. 4, No. 2
Publisher : UI Scholars Hub

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Abstract

The study is aimed to evaluate accountability and gender roles in enhancing the accountability of village fund and other government-related assistance during COVID-19 pandemic. This study employed an integrated framework of accountability, gender socialization theory and gender subtext theory. This study applies a case study with 2 (two) types of instruments, i.e., observations and semi-structured interviews. The villages observed have provided limited information regarding the BLT DD assistance and other COVID-19 related assistance. Consequently, the villagers did not have sufficient information to participate in the village decision-making process and to criticize BLT DD assistance and other COVID-19 related assistance distribution process. The villagers were not invited to any village meetings that it prevents them to provide inputs and consequences to the village government. As a result, the level of accountability regarding the information provided, a discussion held and consequences are given at a minimum level. The roles of female BPD members were insignificant due to the pervasiveness of gendering practice in village organizations. These findings contradict gender socialization theory that women with all their feminine traits are suitable and potential to perform supervisory tasks in guiding the organization. However, these findings are aligned with gender subtext theory that segregation of duties based on masculinity and femininity are apparent in the village organization.
Balancing Governance and Tradition: Navigating Political, Social, Economic, and Cultural Dynamics in Indonesian Village-Owned Enterprises Fitriani, Desti; Shauki, Elvia R; Azim, Mohammad Istiaq
ASEAN Journal of Community Engagement Vol. 8, No. 2
Publisher : UI Scholars Hub

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Abstract

This study examines the complex governance dynamics affecting Indonesian Badan Usaha Milik Desa (BUMDes) [village-owned enterprises], focusing on political, social, economic, and cultural pressures. Using a qualitative multi-case approach, including focus group discussions with 65 participants from West Java and West Nusa Tenggara, Indonesia, the study identified significant challenges: political interference, limited community engagement, economic dependence on government funds, and cultural norms that constrain BUMDes operations. Village elites frequently influence governance, limited capital access, and ingrained cultural values hinder transparency and open dialogue. To address these challenges, this study recommends a comprehensive approach comprising four key strategies: enhancing the institutional autonomy of BUMDes to reduce external interference, fostering that are transparent and inclusive government practices to ensure meaningful community participation, establishing sustainable funding models to secure financial independence, and integrating cultural adaptability into governance frameworks. Together, these strategies aim to build a resilient and inclusive governance structure for BUMDes, enabling them to fulfill their role in future village empowerment and economic development effectively.
Co-Authors Azim, Mohammad Istiaq Fitriani, Desti miraza, chairanisa natasha Pratiwi, Siti Czafrani