Modal Ventura Indonesia
Abstract
Venture capital companies (PMV) not only provide financial financing but also participate in providing strategic direction to investee (PPU), thus providing solutions for PPU in carrying out company operations. This study uses a quantitative descriptive method related to PMV conditions in Indonesia for the 2015-2020 period. As a result, the number of PMVs showed a decreasing trend, but in contrast to the number of PPUs, PMV performance, assets, liabilities and equity showed an increasing trend during the study period. This indicates that PMV in Indonesia is able to grow and develop even though the number of PMV has decreased. It is hoped that PMV can increase the financing of shares and convertible bonds, so that PMV is able to bring micro, small and medium companies to successfully exit and enter the expansion stage either through mergers, acquisitions or IPOs in the capital market.
Downloads
References
Asian Development Bank. (2020). Asia Small and Medium-Sized Enterprise Monitor 2020 Medium-Sized Enterprise Monitor 2020. Retrieved from https://www.adb.org/sites/default/files/publication/646146/asia-sme-monitor-2020-volume-1.pdf
Budisulistyawati, A. (2006). Karakteristik Modal Ventura Sebagai Lembaga Pembiayaan. Yustisia Law Journal, 57–62.
Gornall, W., & Strebulaev, I. A. (2015). The Economic Impact of Venture Capital: Evidence from Public Companies. SSRN Electronic Journal, 1–22. https://doi.org/10.2139/ssrn.2681841
Kartono. (2020). Kinerja Perusahaan Modal Ventura Diukur dari Sisi Rasio Beban Total Aset Return on Asset dan Non Performing Finance. Sekuritas, 3(2), 122–131.
Kepmenkeu. Keputusan Menteri Keuangan (KEPMENKEU) Nomor 1251/KMK.013/1988 tentang Ketentuan dan Tata Cara Pelaksanaan Lembaga Pembiayaan. , (1988).
Keputusan Presiden. Keputusan Presiden (KEPRES) Lembaga Pembiayaan. , (1988).
Kleinschmidt, M. H. (2006). Venture Capital, Corporate Governance. and Firm Value. Hamburg.
Kuzmina-merlino, I., & Kublina, S. (2014). Venture capital in Latvia : the peculiarities , contradictions , and accessibility for SMEs. Procedia - Social and Behavioral Sciences, 150, 97–106. https://doi.org/10.1016/j.sbspro.2014.09.011
Lestari, S. (2005). Analisis Peranan Perusahaan Modal Ventura dalam Mengembangkan UKM di Indonesia. Kajian Ekonomi Dan Keuangan, (November), 58–85.
Menteri Keuangan Republik Indonesia. Peraturan Menteri Keuangan No.18/PMK.010/2012. , (2012).
Ning, Y., Xu, G., & Long, Z. (2019). What drives the venture capital investments in China? Chinese Management Studies, 13(3), 574–602. https://doi.org/10.1108/CMS-07-2017-0193
OJK. Peraturan Otoritas Jasa Keuangan Nomor 34/PJOK.05/2015 Tentang Perizinan Usaha dan Kelembagaan Perusahaan Modal Ventura. , (2015).
Otoritas Jasa Keuangan. (2020). Surat Edaran Otoritas Jasa Keuangan Republik Indonesia. In Otoritas Jasa Keuangan (Vol. 5). Retrieved from http://www.akrabjuara.com/index.php/akrabjuara/article/view/919
Trends, N., Prasetyo, A. D., & Fachira, I. (2019). Determinants of venture capital performance in Indonesia. New Trends and Issues Proceedings on Humanities, (September 2018). https://doi.org/10.18844/prosoc.v5i2.3652
Copyright (c) 2021 Jurnal Akuntansi dan Ekonomika
This work is licensed under a Creative Commons Attribution 4.0 International License.