Proceedings of the 4th International Conference on Tourism, Gastronomy, and Tourist Destination (TGDIC 2023)

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Enhancing Community Economic Growth: Financial System Management of Village-Owned Enterprises in Raya Village Tourism, Karo District, North Sumatra, Indonesia

Authors
Dina Rosari1, *, Ngatemin1, Iwan Riady1, Bejo Mulyadi1
1Politeknik Pariwisata Medan, Medan, Indonesia
*Corresponding author. Email: dinarosari@poltekparmedan.ac.id
Corresponding Author
Dina Rosari
Available Online 4 December 2023.
DOI
10.2991/978-94-6463-296-5_43How to use a DOI?
Keywords
System Management Finance; Village Owned Enterprises; Tourism Village
Abstract

This study aims to assess the impact of the financial management system of Village-Owned Enterprises (VOEs) in Arih Ersada Raya tourism village on the economic well-being of Raya village residents in the Berastagi sub-district of Karo district, North Sumatra, Indonesia. Employing qualitative and quantitative data, this research utilizes interviews as the primary data collection method. The study employs a descriptive data analysis approach, concluding that the presence of village-owned businesses can significantly enhance the regional economy by facilitating their expansion. These VOEs enable local residents to explore new employment opportunities across various business divisions, ultimately helping them realize their full potential. Village-owned enterprises serve as a critical indicator of the efficacy of economic development initiatives, whether at the village or national level. One of the notable achievements is the establishment of a tourist village that bolsters the local economy. Given that the community plays a central role in all activities, policies geared towards strengthening the local economy through VOEs should be formulated based on the community’s needs and existing conditions. Village-Owned Enterprises RAYA actively manages the growth of these companies to further support the regional economy, with effective planning at its core.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 4th International Conference on Tourism, Gastronomy, and Tourist Destination (TGDIC 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
4 December 2023
ISBN
978-94-6463-296-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-296-5_43How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dina Rosari
AU  - Ngatemin
AU  - Iwan Riady
AU  - Bejo Mulyadi
PY  - 2023
DA  - 2023/12/04
TI  - Enhancing Community Economic Growth: Financial System Management of Village-Owned Enterprises in Raya Village Tourism, Karo District, North Sumatra, Indonesia
BT  - Proceedings of the 4th International Conference on Tourism, Gastronomy, and Tourist Destination (TGDIC 2023)
PB  - Atlantis Press
SP  - 313
EP  - 319
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-296-5_43
DO  - 10.2991/978-94-6463-296-5_43
ID  - Rosari2023
ER  -