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All Journal Academia Open As-Syirkah: Islamic Economic & Financial Journal
Muhith, Mochammad Rossy Dukhan
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Religion Agriculture, Biological Sciences & Forestry Arts Humanities Chemistry Computer Science & IT Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Medicine & Pharmacology Physics Social Sciences Other

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Governance Principles Driving Sustainable Village Economic and Social Development Muhith, Mochammad Rossy Dukhan; Widiyarta, Agus
Academia Open Vol. 10 No. 2 (2025): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.10.2025.11937

Abstract

General Background: Village-Owned Enterprises (BUMDes) serve as key instruments for advancing local economic development and community welfare within Indonesia’s rural governance system. Specific Background: Despite their strategic role, many BUMDes—including BUMDes Raharja in Bohar Village—struggle to fully implement good governance principles due to challenges in financial independence, human resource capacity, and digital transparency. Knowledge Gap: Previous studies have emphasized the economic contributions of BUMDes but have insufficiently explored the integrated application of cooperative, participatory, emancipatory, transparent, accountable, and sustainable governance principles in shaping inclusive and resilient village economies. Aims: This study analyzes the implementation of good governance principles in BUMDes Raharja and evaluates their effects on community welfare and institutional sustainability. Results: Findings reveal that while BUMDes Raharja successfully fosters cooperation, participation, and transparency, limitations persist in financial autonomy, digital management, and inclusivity. Novelty: The study integrates six governance dimensions within a unified analytical framework, offering a comprehensive perspective on governance-driven rural empowerment. Implications: Strengthening human resources, promoting digital transformation, and establishing inclusive policies are crucial for enhancing accountability, participation, and long-term sustainability in village economic governance. Highlights: Highlights the integration of six governance principles in BUMDes management. Identifies key challenges in financial independence and digital transparency. Emphasizes inclusive, participatory governance for sustainable rural empowerment. Keywords: Village-Owned Enterprises, Good Governance, Community Welfare, Rural Development, Transparency  
Systematic Literature Review : Evaluasi Dampak Stakeholder Setelah Revitalisasi Pasar Tradisional di Indonesia Prasojo, Yaafi Rozaan; Muhith, Mochammad Rossy Dukhan; Veriyanto, Fanes Ardhito; Hermawan, Lukman; Hertati, Diana
As-Syirkah: Islamic Economic & Financial Journal Vol. 3 No. 3 (2024): As-Syirkah: Islamic Economic & Financial Journal 
Publisher : Ikatan Da'i Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56672/r6cxmj27

Abstract

This study examines the impact of traditional market revitalization on stakeholders in Indonesia through a systematic literature review. The revitalization of traditional markets aims to increase competitiveness, improve physical conditions, and promote local economic growth. The method used was a systematic literature review in which 10 articles were selected from a Google Scholar search. The results show that revitalization has positive impacts, such as improved market cleanliness and convenience, but also negative impacts, such as reduced income for merchants and accessibility issues. Factors hindering the success of revitalization include inadequate communication, limited resources, resistance from traders and inappropriate market design. To optimize revitalization outcomes, a holistic assessment is needed that involves all stakeholders in planning, implementation and evaluation. Socialization, education and active community participation are also important to ensure the sustainability of the revitalization program. In summary, revitalizing traditional markets has great potential to improve market quality and support the local economy, but requires careful planning and the involvement of all stakeholders to ensure long-term success.
Co-Authors Diana Hertati Hermawan, Lukman Prasojo, Yaafi Rozaan Veriyanto, Fanes Ardhito Widiyarta, Agus