Implementation of Financial Services Authority Regulation №35/POJK.05/2015 Article 35 by Indonesian Venture Capital Companies in 2015

Eka Mulia AL AMIN; Iza HANIFUDDIN

doi:10.52459/jowett1281121

Authors

Eka Mulia AL AMIN Islamic Economics and Business Faculty, IAIN Ponorogo, Indonesia https://orcid.org/0000-0001-8380-8483
Iza HANIFUDDIN Islamic Economics and Business Faculty, IAIN Ponorogo, Indonesia https://orcid.org/0000-0001-5235-7739

DOI:

https://doi.org/10.52459/jowett1281121

Keywords:

Venture Capital, Equity, Financial Regulation, Indonesia, VCC, POJK

Abstract

POJK or the Financial Services Authority Regulation is one of the official documents of the Indonesian government related to the state finance sector. Venture capital itself is one of the contributors to the economy of Indonesia, especially in terms of financing or equity participation. Therefore, regulations are needed to control the operation of venture capital businesses to avoid damages caused by problems/disruptions. Generally, the economic sector in Indonesia is highly regulated, and venture capital is not an exception. However, this paper only focuses on the analysis of the actual implementation of one of the venture capital regulations in Indonesia, namely POJK No. 35/POJK.05/2015 concerning equity participation in Venture Capital Companies (VCC), particularly, Article 35 which states that VCC must have a ratio of Equity to Paid-in Capital not less than 30%. For this research, the method of qualitative normative approach has been applied based on the secondary data concerning Business Operations of Venture Capital Companies. The results of this research show fulfillment of these implemented regulations in practice by the existing VCC and its potential.

Cite this paper:

Al Amin, Eka Mulia Nurul; Hanifuddin, Iza (2021). "Implementation of Financial Services Authority Regulation №35/POJK.05/2015 Article 35 by Indonesian Venture Capital Companies in 2015" Journal of World Economy: Transformations & Transitions (JOWETT) 1(02):08. DOI: https://doi.org/10.52459/jowett1281121

Metrics

Metrics Loading ...

References

Dukuy, Calvariana Aruds, 2019. Pelaksanaan Perjanjian Modal Ventura Antara PT Srana Kalteng Ventura dan Tri Akbar Samsi Silam Ditinjau Berdasarkan Peraturan Otoritas Jasa Keuangan Nomor 35/POJK.05/2015 tentang Penyelenggaraan Usaha Perusahaan Modal Ventura. Thesis, Bandung: Universitas Padjadjaran, 2019. Available at: https://repository.unpad.ac.id/frontdoor/index/index/year/2020/docId/2990

Firdausy, Carunia Mulya, 2018. Peran Industri Keuangan Non Bank terhadap Perekonomian Indonesia. Jakarta: Yayasan Pustaka Obor Indonesia. ISBN 978-602-433-711-7. YOI: 1600.36.154.2018

FSA, 2015. Financial Services Authority: Financial Data Summary of Venture Capital Companies January-December 2015.

FSA, 2016. Financial Service Authority: Statistics of Financing Institutions 2015. Jakarta: Financial Services Authority.

FSA, 2019. Financial Services Authority: Financial institutions. Jakarta: Financial Services Authority, 2019.

Hadi, Putu Sofya; Ratnasari, Maria M., 2013. "Analisis Pengaruh Ekuitas Wajib Pajak Badan pada Beban Pajak Penghasilan." E-Jurnal Akutansi Universitas Udayana, 378-387. Available at: https://simdos.unud.ac.id/uploads/file_penelitian_1_dir/54e434440e83c62ec8f68ae997f0b01e.pdf

Haspada, G. P.; Abubakar, L.; Lubis, N. A., 2021. Pencantuman Klausul Jaminan dalam Usaha Modal Ventura Ditinjau dari Peraturan Otoritas Jasa Keuangan Nomor 35/Pojk. 05/2015 Tentang Penyelenggaraan Usaha Perusahaan Modal Ventura. ACTA DIURNAL Jurnal Ilmu Hukum Kenotariatan, 4(2), 263-278. DOI https://doi.org/10.23920/acta.v4i2.559 Available at: http://jurnal.fh.unpad.ac.id/index.php/acta/article/view/559

Kartono, K., 2020. Kinerja Perusahaan Modal Ventura Diukur dari Sisi Rasio Beban Operasi terhadap Pendapatan Operasi Rasio Investasi Terhadap Total Aset Return on Asset dan Non Performing Finance (Studi Kasus Pada PT. Sarana Jakarta Ventura). Jurnal SEKURITAS (Saham, Ekonomi, Keuangan dan Investasi), 3(2), 122-131. DOI: http://dx.doi.org/10.32493/skt.v3i2.4277 Available at: http://openjournal.unpam.ac.id/index.php/SKT/article/view/4277

Kasmir, 2014. Bank dan Lembaga Keuangan Lainnya. Jakarta: PT. Raja Grafindo Persada. ISBN: 978-979-769-413-5.

Khoriyah, Ulfatul, 2020. "Manajemen Ekuitas: Ekuitas Pemegang Saham dalam Perseroan." Repository Universitas Muhammadiyah Sidoarjo. April 9, 2020. http://eprints.umsida.ac.id/id/eprint/6746.

Kieso, Donald E; Weygandt, Jerry J.; Warfield, Terry D. 2010. Intermediate Accounting. IFRS Edition. Second Edition. USA: John Wiley & Sons, Inc, 2014. ISBN-13 978-0470-61630-7.

Muliadi, Ahmad, 2013. Hukum Lembaga Pembiayaan. Jakarta: Kademia. ISBN 6028381578.

Nurapipah, Ipah, 2017. Tinjauan Hukum Ekonomi Syariah Terhadap Pembiayaan Property di Investama Ventura Syariah Bandung Dihubungkan dengan POJK Nomor 35/POJK.05/2015. Thesis, Bandung: Universitas Islam Negeri Sunan Gunung Djati Bandung, 2017. Available at: http://digilib.uinsgd.ac.id/6408/4/4_bab1.pdf

Nurcahyo, E., 2018. Perlindungan Hukum Kerjasama PT. Sarana Jateng Ventura dengan Perusahaan Pasangan Usaha dalam Pemberian Modal Ventura. DOI https://doi.org/10.31227/osf.io/nx5ay Available at: https://osf.io/preprints/inarxiv/nx5ay/

Novi, Amanita. t.t. "Bank dan Lembaga Keuangan Lain." Modal Ventura. http://staffnew.uny.ac.id/upload/132318570/pendidikan/modal-ventura.pdf

Otoritas Jasa Keuangan, 2015. Ikhtisar Data Keuangan Perusahaan Modal Ventura Periode Januari-Desember 2015.

Randiansyah; Nugroho, G. W., 2020. Analisis Risiko Pembiayaan Pada Modal Ventura (Study Kasus Pada PT Bina Artha Ventura Cabang Cicurugg). Jurnal Syntax Admiration, 1(7), 911-916. Available at: https://jurnalsyntaxadmiration.com/index.php/jurnal/article/view/106

Rangkuty, D. M.; Zulmi, A., 2020. Perbandingan Modal Ventura Konvensional dan Syariah: Studi Literatur Model Pembiayaan Startup dan UMKM di Provinsi Sumatera Barat. Ekonomi, Keuangan, Investasi Dan Syariah (EKUITAS), 1(2), 74-78. Available at: http://ejurnal.seminar-id.com/index.php/ekuitas/article/view/65

Sidik, Jafar, 2017. "Peran Strategis Modal Ventura Bagi UMKM dalam Menunjang Pembangunan Perekonomian Nasional Indonesia." Jurnal SIKAP (Sistem Informasi, Keuangan, Auditing dan Perpajakan), 120-133. Available at: https://core.ac.uk/download/pdf/286345951.pdf

Siregar, M. M. T., 2021. Investasi Modal Ventura Asing Kepada Start-Up Company (Perusahaan Rintisan) di Indonesia. Jurist-Diction, 4(4), 1567-1582. Available at: https://e-journal.unair.ac.id/JD/article/view/28487

Tanoto, Damario, 2020. Penerapan Prinsip Kehati-Hatian (Prudential Principle) dalam Kegiatan Usaha Modal Ventura Berdasarkan Peraturan Otoritas Jasa Keuangan Nomor 35/POJK.05/2015 tentang Penyelenggaraan Usaha Perusahaan Modal Ventura. Thesis, Bandung: Universitas Padjadjaran, 2020. Available at: https://repository.unpad.ac.id/frontdoor/index/index/year/2020/docId/3121

Zaluchu, S. E., 2020. STRATEGI PENELITIAN KUALITATIF DAN KUANTITATIF DI DALAM PENELITIAN AGAMA. Evangelikal: Jurnal Teologi Injili dan Pembinaan Warga Jemaat, 28-38. Available at: https://core.ac.uk/download/pdf/296974333.pdf