Ecobankers : Journal of Economy and Banking
Vol. 7 No. 2 (2026): Ecobankers : Journal of Economy and Banking

Analysis Of Cooperative Capital: A Literature Review On The Source Of Capital, Residual Business Results And Financial Sustainability Of Cooperatives In Indonesia

Khairani Alawiyah Matondang (Economics Study Program, Faculty of Economics, State University of Medan)
Nasrullah Hidayat (Economics Study Program, Faculty of Economics, State University of Medan)
Enjelika Simamora (Economics Study Program, Faculty of Economics, State University of Medan)
Eva Ulina Br Hombing (Economics Study Program, Faculty of Economics, State University of Medan)
Rinaldi (Economics Study Program, Faculty of Economics, State University of Medan)
Yan Septian (Economics Study Program, Faculty of Economics, State University of Medan)
Josua Simanjuntak (Economics Study Program, Faculty of Economics, State University of Medan)



Article Info

Publish Date
31 Aug 2026

Abstract

This study aims to analyze the influence of capital on the Residual Business Results (SHU) of cooperatives and examine the role of capital in supporting the financial sustainability of cooperatives in Indonesia through a systematic literature review approach. The method used was a literature review of 13 selected scientific journal articles published in the range of 2021 to 2024, using quantitative analysis methods such as multiple linear regression, panel data regression, path analysis, and Two-Stage Least Squares (2SLS). The results of the study showed that capital itself consistently had a positive and significant effect on SHU in all studies studied. Business volume was also proven to consistently have a positive and significant effect on SHU. On the other hand, loan capital showed mixed findings: it has a positive impact if it is managed productively, but negative if the interest expense exceeds the business results. The financial sustainability of cooperatives is highly determined by the strength of internal capital, the level of member participation, and the quality of governance. This study identifies gaps in studies related to the role of reserve funds, financial sustainability in the Indonesian context, and regional representation outside Java and Bali.

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Journal Info

Abbrev

EcoBankers

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Communicative adalah jurnal Program Studi Komunikasi dan Penyiaran Islam, Fakultas Dakwah dan Komunikasi, Institut Agama Islam Bunga Bangsa Cirebon. Jurnal Communicative merupakan jurnal publikasi ilmiah yang berupaya memfasilitasi dan menyediakan artikel ilmiah hasil penelitian empiris dan ...