Studi Akuntansi, Keuangan, dan Manajemen
Vol 6 No 1 (2026): July

Ownership Structure of Collective Management Organizations and Its Impact on Artist Income in Asia

Elisabeth Dhany Retno Putri (Universitas Tarumanagara, Jakarta, Indonesia)
Agustinus Purna Irawan (Universitas Tarumanagara, Jakarta, Indonesia)
Fransisca Iriani Roesmala Dewi (Universitas Tarumanagara, Jakarta, Indonesia)



Article Info

Publish Date
29 Jul 2026

Abstract

Purpose: This study examines how different Collective Management Organization (CMO) models, including monopoly, multi-CMO, and clearinghouse structures, affect organizational sustainability and artist income distribution in Asia.Research Methodology: Using a descriptive quantitative approach, this study analyzes secondary data from CISAC Global Collections Reports (2019–2024), WIPO publications, and national CMO reports from selected Asian countries. Data were compared through source triangulation to evaluate governance, royalty distribution, and organizational performance.Results: The findings show that each CMO model has different strengths and challenges. Japan’s monopoly model provides efficiency but raises transparency concerns, Indonesia’s multi-CMO system promotes competition but faces fragmentation issues, while Singapore and South Korea demonstrate stronger digital-based governance approaches.Conclusions: CMO effectiveness depends on governance quality, regulatory frameworks, institutional maturity, and digital infrastructure rather than a single superior model.Limitations: The study is limited by secondary data and selected country coverage. Future research should include primary data from artists and CMO administrators.Contribution: This study contributes to Agency Theory and Institutional Theory by providing insights into Asian CMO governance and recommendations for improving transparent and sustainable royalty management.  

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Journal Info

Abbrev

sakman

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Studi Akuntansi, Keuangan, dan Manajemen (Sakman) is a peer-reviewed journal in the fields of Accounting, Finance and Management. Sakman publishes relevant manuscripts reviewed by some qualified editors. This journal is expected to be a significant platform for researchers in Indonesia to contribute ...