The Effect of Financial Transparency on Member Trust and Participation: Case Study of KKMB Unismuh

2023-05-21
Published
15-26
Pages
OPEN
Access
AA
Andi Arniati
Management Study Program, Muhammadiyah University of Makassar
WR
Wa Ode Rayyani
Management Study Program, Muhammadiyah University of Makassar
Abstract

Purpose: This study aims to analyze the effects of financial transparency on member trust and participation in the Kerukunan Keluarga Mahasiswa Bulukumba (KKMB) at Universitas Muhammadiyah Makassar.

Research Methodology: This study employed a quantitative research design using a survey method. Data were collected through a structured questionnaire using a four-point Likert scale and distributed to 31 active KKMB members. The research instrument was evaluated using the Pearson correlation validity test and Cronbach's Alpha reliability test.

Results: All 15 questionnaire items were found to be valid, with calculated correlation coefficients exceeding the critical r-table value of 0.355. The Cronbach's Alpha values for all three variables were above 0.60, indicating that the instrument was reliable. The mean scores were 17.13 for financial transparency, 18.16 for member trust, and 18.23 for member participation, out of a maximum possible score of 20.

Conclusions: The research instrument met the required validity and reliability standards. KKMB members demonstrated positive perceptions of financial transparency, trust, and participation, with financial transparency serving as the foundation for fostering member trust and encouraging active participation.

Limitations: The study involved only 31 respondents from a single student organization; therefore, the findings should be generalized with caution.

Contribution: This study provides empirical evidence of the importance of financial transparency in building trust and promoting member participation within extracurricular student organizations in Indonesia.

Financial Transparency Member Participation Member Trust Quantitative Research
How to Cite
Arniati, A., & Rayyani, W. O. . (2023). The Effect of Financial Transparency on Member Trust and Participation: Case Study of KKMB Unismuh. Jurnal Teknika Dan Informatika, 3(1), 15-26. https://doi.org/10.52909/sm6a1339
References
  1. Adekunle, B. I., Chukwuma-Eke, E. C., Balogun, E. D., & Ogunsola, K. O. (2023). Integrating AI-driven risk assessment frameworks in financial operations: A model for enhanced corporate governance. International Journal of Scientific Research in Computer Science, Engineering and Information Technology, 9(6), 445-464. https://doi.org/10.32628/IJSRCSEIT
  2. Agung, G. A. M. S., Teja, G. A., Suardhika, I. N., & Agung, A. A. P. (2018). Transparency of cooperative management report as a part of service quality in improving members’ satisfaction and loyalty. International Journal of Management and Commerce Innovations, 6(1), 950-964.
  3. Bakhtiar, B. (2021). Accountability and transparency in financial management of village fund allocations in achieving good governance. ATESTASI: Jurnal Ilmiah Akuntansi, 4(2), 230-245. https://doi.org/10.57178/atestasi.v4i2.269
  4. Becker, A. (2018). An experimental study of voluntary nonprofit accountability and effects on public trust, reputation, perceived quality, and donation behavior. Nonprofit and Voluntary Sector Quarterly, 47(3), 562-582. https://doi.org/10.1177/0899764018756200
  5. Cohen, J. M., & Uphoff, N. T. (1980). Participation’s place in rural development: Seeking clarity through specificity. World Development, 8(3), 213-235.
  6. Creswell, J. W. (2014). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches (4th ed.).
  7. Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of Management, 16(1), 49-64.
  8. Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25 (Edisi 9).
  9. Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2019). Multivariate Data Analysis (8th ed.).
  10. Hidayah, Y., Fen, C. S., Suryaningsih, A., & Mazid, S. (2022). Promoting student participation skills through student organizations. Jurnal Civics: Media Kajian Kewarganegaraan, 19(2), 213-223. https://doi.org/10.21831/jc.v19i2.53422
  11. Jannah, R., Handajani, L., & Firmansyah, M. (2018). The influence of human resources, use of information technology and public participation to the transparancy and accountability of village financial management. International Journal of Scientific Research and Management (IJSRM), 6(05), 373-385. https://doi.org/0.18535/ijsrm/v6i5.em03
  12. Krina, P. (2003). Indikator dan Alat Ukur Prinsip Akuntabilitas, Transparansi dan Partisipasi.
  13. Lee, B., Liu, K., Warnock, T. S., Kim, M. O., & Skett, S. (2023). Students leading students: A qualitative study exploring a student-led model for engagement with the sustainable development goals. International Journal of Sustainability in Higher Education, 24(3), 535-552. https://doi.org/10.1108/IJSHE-02-2022-0037
  14. Mardiasmo. (2018). Akuntansi Sektor Publik (Edisi Terbaru). ANDI Offset.
  15. Maulidiyah, N., & Darno. (2019). Pengaruh transparansi dan akuntabilitas laporan keuangan terhadap kepercayaan pemangku kepentingan yayasan sosial keagamaan. Jurnal Akuntansi dan Keuangan Islam, 7(1), 41-58.
  16. Mayer, R. C., Davis, J. H., & Schoorman, F. D. (1995). An integrative model of organizational trust. Academy of Management Review, 20(3), 709-734.
  17. Meeuwissen, S. N., Spruijt, A., van Veen, J. W., & de Goeij, A. F. (2019). Student participation in governance of medical and veterinary education: Experiences and perspectives of student representatives and program directors: SNE Meeuwissen et al. Advances in Health Sciences Education, 24(4), 665-690. https://doi.org/10.1007/s10459-019-09890-9
  18. Mwita, K. M., Kinunda, S., Obwolo, S., & Mwilongo, N. H. (2023). Soft skills development in higher education institutions: Students' perceived role of universities and students' self-initiatives in bridging the soft skills gap. International Journal of Research in Business & Social Science, 12(3). https://doi.org/10.20525/ijrbs.v12i3.2435
  19. OLeary, D. E. (2017). Configuring blockchain architectures for transaction information in blockchain consortiums: The case of accounting and supply chain systems. Intelligent Systems in Accounting, Finance and Management, 24(4), 138-147. https://doi.org/10.1002/isaf.1417
  20. Putnam, R. D. (1993). Making Democracy Work: Civic Traditions in Modern Italy. Princeton University Press.
  21. Robbins, S. P., & Judge, T. A. (2017). Organizational Behavior (17th ed.).
  22. Rosch, D. M., & Collins, J. D. (2017). The significance of student organizations to leadership development. New directions for student leadership, 2017(155), 9-19. https://doi.org/10.1002/yd.20246
  23. Rosser, A. (2023). Higher education in Indonesia: The political economy of institution-level governance. Journal of Contemporary Asia, 53(1), 53-78. https://doi.org/10.1080/00472336.2021.2010120
  24. Roszkowska, P. (2021). Fintech in financial reporting and audit for fraud prevention and safeguarding equity investments. Journal of Accounting & Organizational Change, 17(2), 164-196. https://doi.org/10.1108/JAOC-09-2019-0098
  25. Rustam, A., Hasyim, M., & Yusuf, R. (2024). Pengaruh transparansi dan akuntabilitas terhadap kepercayaan publik pada organisasi nirlaba. Jurnal Aplikasi Akuntansi, 8(2), 115-130.
  26. Saber, A. M., & Sassine, M. E. (2022). NGO legitimacy and financial transparency: Towards a multilevel governance direction. EuroMed Journal of Management, 4(4), 270-297. https://doi.org/10.1504/EMJM.2022.127446
  27. Sari, R., & Muslim, M. (2023). Accountability and transparency in public sector accounting: A systematic review. Amkop Management Accounting Review (AMAR), 3(2), 90-106. https://doi.org/10.37531/amar.v3i2.1440
  28. Shahabul, H., Muthanna, A., & Sultana, M. (2022). Student participation in university administration: Factors, approaches and impact. Tertiary Education and Management, 28(1), 81-99. https://doi.org/10.1007/s11233-021-09087-z
  29. Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.
  30. Syahputra, R., & Lubis, A. F. (2021). Faktor-faktor yang mempengaruhi partisipasi anggota organisasi kemahasiswaan. Jurnal Ilmu Sosial dan Humaniora, 10(2), 312-325.
  31. Tadesse, S., Woldetsadik, M., & Senbeta, F. (2017). Forest users’ level of participation in a participatory forest management program in southwestern Ethiopia. Forest Science and Technology, 13(4), 164-173. https://doi.org/10.1080/21580103.2017.1387613
  32. Turi, A., & Muharram, M. (2023). Transparansi laporan keuangan dan kepercayaan anggota: Studi pada Koperasi.
  33. Uzzaman, A., Akhter, T., Rahman, M. M., & Waliullah, M. (2023). Impact Of GFMIS-Driven Financial Transparency On Strategic Marketing Decisions In Government Agencies. Review of Applied Science and Technology, 2(01), 85-112. https://doi.org/10.63125/8nqhhm56

How to Cite

Arniati, A., & Rayyani, W. O. . (2023). The Effect of Financial Transparency on Member Trust and Participation: Case Study of KKMB Unismuh. Jurnal Teknika Dan Informatika, 3(1), 15-26. https://doi.org/10.52909/sm6a1339
Downloads
View PDF PDF · Open Access
Statistics

Most read articles by the same author(s)

1 2 > >>