SIMULASI PENGEMBANGAN USAHA RINTISAN DENGAN PERHITUNGAN COST OF CAPITAL DAN CAPITAL BUDGETING MELALUI DANA VENTURA SYARIAH

  • Slamet Wiharto Universitas Trisakti

Abstract

Nowadays, there are many pioneering efforts in Indonesia, this is related to the rapid transfer of information via the internet. The enthusiasm of entrepreneurs in starting a business or start-up business can answer very enthusiastically, but do not let this high enthusiasm is not followed by good performance. If this continues, it is feared that there will be start-ups or start-ups that only pass challenges into a millennial generation. It is expected that good financial ability by every startup is a necessity for starting a business. This research is trying to find a solution in a deadlock, which is the financial focus of the startups. This study analyzes the simulation of capital costs and capital budgeting in the development of startups through the implementation of mudharabah in Islamic banks. Through the analysis of the simulation that was found there was a start-up business categorized in three categories, namely low risk, medium risk and high risk. The three risk categories that have low risk are startups that are needed by people who need applications or software in their services, such as health services and financial technology. Medium risk startups are ongoing startups and are part of people's daily activities such as food, fashion and online stores. While high risk startups are pioneering efforts in technological development or new breakthroughs in the field of information technology.

References

Chemmanur, T. J., Loutskina, E., & Tian, X. (2014). Corporate venture capital, value creation, and innovation. Review of Financial Studies, 27(8), 2434-2473.
Damodaran, A. (2009), Valuing Young, usaha rintisan and Growth Companies: Estimation Issues and Valuation Challenges, Stern School of Business, New York University, New York, NY.
DoBell, D. C. (2009). An interpretive study of client graduation thresholds in the university-sponsored technology incubator (Order No. 3362769). Available from ABI/INFORM Collection. (304897996). Retrieved from https://search.proquest.com/
docview/304897996?accountid=49910
Dos Santos, B.,L., Patel, P. C., & D'Souza, R.,R. (2011). Venture Capital Funding for Information Technology Businesses. Journal of the Association for Information Systems, 12(1), 57-87.
Ehrhardt, M.C, dan Eugene F. Brigham (2011). Financial Management: Theory Practice. Mahon, Ohio: South-Western Cengage Learning.
Fitriadi, M., & Subanar, S. D. (2017). Kedudukan Otoritas Jasa Keuangan terhadap Perusahaan Modal Ventura Asing dalam Melakukan Pembiayaan Secara Langsung di Indonesia. Jurnal Penelitian Hukum-Fakultas Hukum Universitas Gadjah Mada, 1(2), 77-86.
Gibson, L. J., & Blake, S. G. (1992). Venture Capital and Economic Development. Economic Development Review, 10(2), 41.
Hamid, Azwar. (2015). Modal Ventura Syariah. Al-Masharif, Vol.3(1), 139-154.
Herber, D. L. et. al. (2017). University Seed Capital Programs: Benefits Beyond the Loan. Technology and Innovation, 18(4), 305-314.
Irish Venture Capital Association. (2015). A Guide to Venture Capital.
Mulay, A. (2015). Sustaining Moore’s Law: Uncertainty Leading to a Certainty of IoT Revolution. San Rafael, California: Morgan & Claypool Publishers.
Robnik, L. (2006). Venture Capital Development and Its Importance for Slovenian Entrepreneeurship. Economic and Business Review for Central and South - Eastern Europe, 8(2), 167-184.
Welch, Ivo. (2009). Corporate Finance: An Introduction. Boston, Massachusetts: Pearson Education
Published
2019-09-13
Section
Articles
Abstract viewed = 18 times
PDF (Bahasa Indonesia) downloaded = 17 times