Agency problem, intellectual capital and good corporate governance model for village-owned enterprises (BUMDes) in Indonesia

Abdul Ghofar, Hendi Subandi and Areta Widya Kusumadewi

International Journal of Business and Systems Research, 2022, vol. 16, issue 4, 484-512

Abstract: This study develops a good corporate governance model suitable for implementation in village-owned enterprises, by identifying and analysing factors contributing to agency problems found in these places as a result of their unique business characteristics. Furthermore, this study seeks to explore the intellectual capital phenomenon using a qualitative perspective to discover why and how village-owned enterprises manage their intellectual capital. This study was conducted using the grounded theory method. This study contributes to the literature on good governance and intellectual capital and provides a clear picture of corporate governance model development in village-owned enterprises. Most previous literature focuses on the implementation of corporate government model in listed companies which are different from village-owned enterprises.

Keywords: good corporate governance; agency cost; agency problem; intellectual capital; village-owned enterprises; BUMDes; Indonesia. (search for similar items in EconPapers)
Date: 2022
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