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Village-owned enterprises are expected to become a pillar of national development in Indonesia driven by rural communities. Village-owned enterprises are village businesses managed by the village government to strengthen the village economy. Village-owned enterprises cannot operate without investors who provide matching funds. This study aims to determine the motivation of investors in investing and how they behave in making investment decisions in village-owned enterprises. The research method used is qualitative. This study involved two village-owned enterprise investors and members of the village government in the clear water village of West Sumatra province. Data collection was carried out through in-depth interviews and direct observation of the informants from village officials in 2021. Data analysis used a phenomenological approach. The results showed that the private investment made by investors from the village government was motivated by reasons of power and policy. Social benefits and individual benefits drive investment motivation. Social benefits are obtained from several business activities that can reduce social problems in the community. The impact of this research is the reduction of unproductive land and environmental damage issues.

ABSTRACT

ABSTRACT

Purpose — The purpose of this research is to uncover the reality of implementing regional financial management regulations and their impact on local government accountability. Design/methodology/approach — This research uses a critical qualitative research approach to the Gramsci hegemony perspective. This approach is useful for analyzing the shackles of regulation in the implementation of regional financial management. Findings — The results show that regulation has become a means for the state to dominate in the realm of political society and hegemony for civil society. This results in an orientation of local government accountability which tends to be vertical accountability rather than horizontal (public) accountability. Practical Implications — Changes in regional autonomy regulations have led to increasing dominance of the central government in the regions. This is reflected in the various regulations produced by the institutions in the central government which shackle the space and innovation of the local government in managing regional finances. Due to the shackles of the regulation, local governments prioritize serving the interests of the central government (vertical accountability) compared to services to the society (horizontal accountability). Originality/value — This study contributes to uncovering the facts that occur related to regional financial management so that it can provide input to the government in the implementation of regional government accountability. Keywords Regional Government Accountability, Regional Financial Management Regulations, Regulation Hegemony. Paper Type Research Paper.