Tata Kelola Koperasi dengan Pendekatan Stewardship atau Agency Theory
DOI:
https://doi.org/10.32670/jc.v1i2.22Keywords:
Stewardship Theory, Agency Theory, Good Cooperative GovernanceAbstract
The good cooperative governance of most cooperatives in Indonesia still requires both theoretical and empirical study. Many cooperatives still do not enforce good governance principles, including the lack of annual member meetings, which demonstrate the accountability of management and supervisors to members. This study incorporates theoretical approaches, particularly those related to Stewardship Theory and Agency Theory to strengthen good cooperative governance.
The results of the study indicate that, theoretically, cooperative governance can be approached using these two theories. The uniqueness of cooperative organizations should be managed using a stewardship approach, but in practice, conflicts of interest arise between boaard of director and members. Board of director has more information about the cooperative than members, and moral hazard exists. From this discussion, it can be concluded that good cooperative governance is based on conflicts of interest between members, board of directors, and supervisors.
References
Chinn, Richard. (2000). Corporate Governance Handbook. London: Gee Publishing Ltd.
Creswell, J. W. (2014). Research design: Qualitative, quantitative, and mixed methods approaches (4th ed.). SAGE Publications.
Crutcheley, Claire E. dan Robert S. Hansen. (1989). A Test of the Agency Theory of the Managerial Ownership, Corporate Leverage, and Corporate Dividends, Financial Management Winter, 36-46.
Daily, C. M., Dalton, D. R., & Cannella, A. A. (2003). Corporate governance: Decades of dialogue and data. Academy of Management Review, 28(3), 371-382. https://doi.org/10.5465/amr.2003.10196772
Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management Review, 22(1), 20-47. https://doi.org/10.5465/amr.1997.9707180258
Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of Management, 16(1), 49-64. https://doi.org/10.1177/031289629101600103
Easterbrook, F. (1984) Two Agency Cost Explanation of Dividends, American Economy Review, 74 : p. 650 -659
Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of Management Review, 14(1), 57-74. https://doi.org/10.5465/amr.1989.4279003
Huang, Y. (2010). The impact of governance mechanisms on cooperative performance: A study of Taiwan cooperatives. Journal of Cooperative Studies, 43(2), 20-31.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-X
Kementerian Koperasi dan UKM RI. (2001). Undang-undang Republik Indonesia No.25 Tahun 1992 tentang Perkoperasian.
Mastrolia, T., & Yan, W. (2025). Agency problems and adversarial bilevel optimization under uncertainty and cyber threats. arXiv. https://arxiv.org/abs/2505.08989
Riduwan. (2017). Metode dan teknik menyusun skripsi (Edisi revisi). Alfabeta
Shaw, John. C. (2003). Corporate Governance and Risk: A System Approach. New Jersey: John Wiley&Sons, Inc.
Shleifer, A., & Vishny, R.W. (1997). A survey of corporate governance. Journal of Finance, 52(2), 737–783.
Swarup, S. (2025, Feb 2). Agency in the Age of AI. arXiv. https://arxiv.org/abs/2502.00648
Yang, Y., Gao, S., & Huang, H. Z. (2025). Sustainability Agency Theory: A new agency framework for social enterprises. Sustainability, 17(11), 4778. https://doi.org/10.3390/su17114778
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Sugiyanto Sugiyanto
This work is licensed under a Creative Commons Attribution 4.0 International License.
