The Influence of Financial Knowledge Management and Members' Investment Behavior on the Performance of the Cahaya Cooperative, UPT PLN (Persero) South Sumatra

Inayah Mutiara Beffilia; Isni Andriana; Muizzuddin

doi:10.60076/ijeam.v2i4.1656

Authors

Inayah Mutiara Beffilia Universitas Sriwijaya
Isni Andriana Universitas Sriwijaya
Muizzuddin Universitas Sriwijaya

DOI:

https://doi.org/10.60076/ijeam.v2i4.1656

Keywords:

Financial Knowledge Management, Member Investment Behavior, Cooperative Performance, Resource-Based Theory

Abstract

This study aims to analyze the role of Financial Knowledge Management (KMK) on Cooperative Performance (KK), with Member Investment Behavior (PIA) as a mediating variable, using a quantitative approach on 80 active members of Cahaya Cooperative UPT Palembang. The results of the instrument validity and reliability tests showed very good consistency (ɑ 0.82). Regression analysis proved that KMK had a significant positive effect on PIA (ꟓ=0.611; R^2=0.520), PIA had a significant positive effect on KK (ꟓ=0.580; R^2=0.490), and KMK also had a significant positive direct effect on KK (ꟓ=0.552). The key finding is that PIA is proven to partially mediate the effect of KMK on KK, which confirms that KMK not only improves performance directly, but also through increasing member investment participation. Theoretically, these results are consistent with Resource-Based Theory (RBT), which positions Financial Knowledge Management as a strategic resource that creates capabilities (member investment behavior) to produce sustainable cooperative performance excellence.

References

R. H. Ramadhan and H. Laksito, “The Influence of Intellectual Capital and Its Disclosure, as well as the Audit Committee on Company Financial Performance (An Empirical Study of Manufacturing Companies Listed on the IDX in 2018–2020),” Diponegoro Journal of Accounting, vol. 11, no. 4, pp. 1–14, 2022. (Tidak memiliki DOI)

K. Competitive, S. Power, S. Business, and P. Global, “Resource Based View (RBV) Approach in Business Management: Strategy for Excellence,” pp. 176–183. (Tidak memiliki DOI)

P. Rahmayanti and K. Pratiwi, “Developing Competitive Advantage of MSMEs in the Fashion Sector in Denpasar City Based on Digitalization and Innovation Capabilities: The Mediating Role of Organizational Agility,” Ekuitas: Journal of Economic Education, vol. 11, pp. 315–325, 2023, doi: 10.23887/ekuitas.v11i2.69035.

R. Nakhwah and M. Global Akademia, Resource Based View (RBV), 2025. (Tidak memiliki DOI)

R. Solihin, “VRIO Analysis to Obtain Sustainable Competitive Advantage in the Organic Food Industry,” in National Conference on Applied Business, Education, & Technology (NCABET), vol. 3, pp. 126–137, 2024, doi: 10.46306/ncabet.v3i1.111.

R. Permata, S. Indrawijaya, and A. Solikhin, “The Effect of Knowledge Sharing on SME Performance in Jambi City Through Innovative Work Behavior,” Jurnal Manajemen Terapan dan Keuangan, vol. 12, no. 2, pp. 348–361, 2023, doi: 10.22437/jmk.v12i2.18255.

O. Putri, D. Arumsari, A. Ramadhani, R. A. Utami, I. Jarot, F. S. Wibowo, and E. Siswanto, “Implementation of Dividend Policy at Tjiwi Kimia Employee Cooperative: Relevant Previous Research,” MASMAN, vol. 3, no. 2, pp. 125–137, 2024, doi: 10.59603/masman.v3i2.815.

S. Akmal and B. Kasdi, “The Influence of Member Participation on the Success of Savings and Loan Cooperatives in Pengurung Village, Kaur Regency,” Indonesian Journal of Business Administration, vol. 1, no. 1, pp. 27–32, 2022, doi: 10.56135/jabnus.v1i1.31.

S. Anita, “The Influence of Financial Literacy and Risk Perception on the Investment Interest of Students at the YPPI Rembang Institute of Economics,” in Proceedings of the National Seminar on Law, Business, Science, and Technology, vol. 2, no. 1, p. 977, 2021. (Tidak memiliki DOI)

P. Yulianti and M. Masruri, “Analysis of Open Innovation Reviewed from the Perspective of Resource Based View (RBV) Theory,” E-Journal of Economics and Business, Udayana University, vol. 13, no. 4, p. 635, 2024, doi: 10.24843/eeb.2024.v13.i04.p01.

S. Maisaroh, S. Hilal, and H. Hanif, “The Effect of Market Orientation and Product Innovation on MSME Business Performance in Lampung Province with Halal Supply Chain as a Moderating Variable,” Scientific Journal of Islamic Economics, vol. 8, no. 3, p. 3442, 2022, doi: 10.29040/jiei.v8i3.6593.

G. N. Sari and E. A. P. B. Kurniawan, “The Effect of Focus Group Discussion Educational Methods on Public Perceptions of Preventing Sexual Violence Against Children in Wonosari,” Clinical and Community Nursing Journal, vol. 7, no. 3, p. 165, 2023, doi: 10.22146/jkkk.87680.

J. B. Barney, “Firm Resources and Sustained Competitive Advantage,” Journal of Management, vol. 17, no. 1, pp. 99–120, 1991, doi: 10.1177/014920639101700108