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Corresponding Author
Grisvia Agustin
Institutions
Universitas Negeri Malang
Abstract
Objectives of financial management may be broadly divided into two parts such as profit maximization and wealth maximization. But alms-giving doesn-t have any connection with profit maximization or wealth maximization. Giving of alms is individual spending with non-profit oriented. Alms-giving objective for religious reason only to obey God-s order. In macro-economics and micro-economics theory there are alms component as spending. Because alms-giving is better to be spent secretly. The research aims to analyze causality relationship between giving of alms with individual financial management using Econometric analysis Toda-Yamamoto causality test. Respondents comes from various region with various occupation and income with various religion background. Research analysis finds overwhelming support for the idea which optimism impacts economic decision-making by proving that alms affect financial management.
Keywords
Alms-giving, financial management, Toda-Yamamoto causality test
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Grisvia Agustin
Institutions
Universitas Negeri Malang
Abstract
Macro-financial linkages are generated by financial vulnerabilities. Financial vulnerability refers to the presence of amplification mechanisms that are linked to leverage or maturity transformation. Financial vulnerability is reflected in the pricing of risk. When financial vulnerability is large, small shocks can have severe aggregate macroeconomic consequences. The research objectives are analyzing domestic and external financial vulnerability by employing panel data of emerging markets (including Indonesia) in 2017-2018. Analysis result above shows that financial vulnerability index in domestic scope of emerging markets are affected by private sector real growth, consolidated foreign claim and nominal home price. Meanwhile financial vulnerability index in external scope of emerging markets are affected by external debt in short-term and long-term.
Keywords
emerging markets, financial vulnerability, panel data
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Dwi Martani
Institutions
(a) Universitas Indonesia
dwimartani[at]yahoo.com
(b) Universitas Indonesia
ayu.maharani411[at]gmail.com
Abstract
The purpose of this study is to analyze the implementation and consistency of the presentation and disclosure of tax amnesty assets and liabilities based on PSAK 70 about Accounting for Tax Amnesty Assets and Liabilities. This study focuses on companies participating in tax amnesty based on Law No. 11 of 2016 concerning Tax Amnesty. Companies that participate in tax amnesty need to adjust their accounting policies to present and disclose tax amnesty assets and liabilities. The presentation and disclosure options are carried out consistently for all tax amnesty assets and liabilities. The analysis showed that the company consistently presents its tax amnesty assets and liabilities according to the options selected in PSAK 70. However, the completeness of disclosure of tax amnesty elements in the financial statements was relatively diverse.
Keywords
tax amnesty, tax amnesty assets, tax amnesty liabilities
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Dwi Martani
Institutions
Department of Accounting, Faculty of Economics and Business, Universitas Indonesia
Abstract
This study aims to analyze companies that present and disclose tax amnesty in the financial statements according to PSAK 70. The analysis is conducted on the characteristics of the company, the choice of accounting policies applied, the presentation of assets and liabilities, the effects of equity from tax amnesty and disclosure of the redemption money. This research employs a descriptive qualitative method by analyzing financial reports that are downloaded from the website of the Indonesia Stock Exchange. In 2016, there are 194 listed companies that join tax amnesties, the most are property, real estate and building construction companies. The results show that companies which reveal the explicit choice of accounting policies are 23 companies. Companies that present separately for the asset and liabilities from tax amnesties are 26 companies and 83 companies disclose the amount of redemption money.
Keywords
tax amnesty, financial statements, PSAK 70, accounting policy, presentation and disclosure
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
fitriany fitriany
Institutions
FEB - Universitas Indonesia
Kampus UI depok
Abstract
This study aims to obtain empirical evidence related to the direct and indirect relationship between audit market concentration and audit quality and audit fee. The background of this study was due to the application of PP 20/2015 where these regulations abolishing the mandatory audit firm rotation. The sample used in this study is a non-financial company listed on the Indonesia Stock Exchange in 2013-2017. This study found that market concentration does not directly affect the quality of the audit, both before and after the application of PP no 20/2015. But after the application of PP No. 20/2015, this study found an indirect effect of market concentration on audit quality through audit fees. After Implementation of PP 20, the market concentration significantly increase the audit fees and audit fees also increased the audit quality.
Keywords
audit fee; audit market concentration; audit quality; PP No. 20/2015
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
ani wilujeng suryani
Institutions
Universitas Negeri Malang
Abstract
Audit report lag is an important issue because it can affect the timeliness of accounting information that is used by internal and external users for their decision making. This study aims to examine the influence of profitability, solvency, company size, and the reputation of public accounting firms on the audit report lag. We collected data from 40 Indonesian mining companies annual reports from 2013 to 2017. The hypotheses were tested by using multiple regression analysis. The results show that profitability and company size have significant negative impacts on audit report lag, but solvency and reputation public accounting firm have no effect. The results of this study can be taken into consideration for companies as well as possible so that they can submit financial reports in a timely manner.
Keywords
profitability, solvency, company size, reputation public accounting firm, audit report lag
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
fitriany fitriany
Institutions
Universitas Indonesia
Pusat Pembinaan Profesi Keuangan, Sekretariat Jenderal, Kementerian Keuangan RI
Jl. Dr. Wahidin Raya No. 1, Jakarta Pusat
Institut Akuntan Publik Indonesia
Jl. Jend. Sudirman Kav.52 – 53, Jakarta Selatan
Abstract
ISA (International Audit Standards) No 600 is implemented in order to mitigate the problem of audit failures in group entities, especially audit quality on component entities / subsidiaries. In Indonesia ISA 600 was adopted as SA 600 as a substitute for AU 543 where the group auditor was responsible for the entire audit process including opinion. In its application, there were complaints regarding SA 600 due to the impact on audit quality, client movement, including the reduction in audit fees. This study was conducted to determine the auditors perceptions about the impact of the application of SA 600 on audit quality, and audit client movement / change in Indonesia. This research is expected to be a reference in regulators policy recommendations related to the impact of the application of SA 600 in Indonesia. The research data was obtained from primary data (questionnaire and FGD results) and secondary data (literature study). The methodology used in this research is quantitative and qualitative methods, the further testing of data using descriptive statistical analysis and different tests. From the results of the distribution of questionnaires and FGDs, it was found that SA 600 could basically improve the quality of audits when their implementation was carried out according to established standards. But on the other hand, the application of SA 600 has an impact on the movement of audit clients (especially for component companies / subsidiaries) who move to follow the auditor group of the company.
Keywords
SA 600; audit grup; audit quality;movement audit client
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Ridoni Fardeni Harahap
Institutions
(a), (b), (c) Universitas Negeri Malang
*ridoni.fardeni.fe[at]um.ac.id
Abstract
The role of monitoring Board of Commissioners is critical in the mechanism of internal corporate governance, especially within inclined family-owned shares of emerging markets. One of such monitoring activities is the supervision of financial statement presentation. The success in monitoring role may be presented by the low earnings management performed by company executives. It is suggested that, the more effective the monitoring role is, the better firm value will be. This study aims to determine the effect of monitoring role of Board of Commissioners on firm value, and to examine whether family control can moderate the effect of monitoring role on firm value. Our population consists of non-financial service companies listed on Indonesia Stock Exchange 2016-2018. We employed purposive sampling and conducted 356 observations. We tested the data using moderated regression analysis. The results show that monitoring role cannot affect firm value. Likewise, family control cannot moderate the influence of monitoring role on firm value. These two notions provide evidence that the role of monitoring cannot operate well within companies in emerging markets whose shareholders are dominated by family.
Keywords
monitoring, firm value, family ownership, emerging market
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Henry Karyadinata
Institutions
Faculty of Economics and Business, Universitas Brawijaya, Indonesia
Abstract
Migration is one way for villagers in Bangkalan District to survive and improve their lives. Availability of employment and differences in the level of wages received in migrant areas are attractive factors, while the condition of villages in terms of physical capital, human capital, financial capital and natural capital which are less than ideal are the driving factors for migrating. This study examines the impact of the Suramadu bridge on the number of villagers migrating internationally using Village Potential data in 2007 and 2017 along with the factors that influence villagers to migrate internationally. Data were analyzed using tobit regression. The existence of the Suramadu bridge was not able to reduce the interest of the population to migrate internationally, instead it even increased the interest of the population to migrate internationally. Before the Suramadu bridge was operational, the existence of rice fields, building area, program credit, non-agricultural business, educational facilities and superior products reduced the interest of villagers to migrate internationally. After the Suramadu bridge operated, the existence of rice fields, building area and skills facilities reduced the interest of villagers to migrate internationally and the presence of poor people in the village increased the interest of residents to migrate.
Keywords
migration, infrastructure, rural
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Anggi Putri Kurniadi
Institutions
a) Faculty of Economics, Universitas Negeri Padang
Jalan Prof. Dr. Hamka Air Tawar Padang, Padang 25131, Indonesia
*anggipkurniadi[at]gmail.com
Abstract
This study investigates the determinants and causality between current account balance and foreign direct investment in Association of Southeast Asian Nations (ASEAN) in lower middle income countries. This study uses time series from 2000-2017 and cross section of 6 countries, namely Indonesia, Philippines, Vietnam, Lao, Myanmar and Cambodia, which were analyzed using simultaneous equation model approach. There are three important findings in this study. First, current account balance is positively affected by financial development, government expenditure, real GDP and real exchange rate, while negatively affected by foreign direct investment. Second, foreign direct investment is positively affected by real GDP, real exchange rate, economic openness and current account balance, while negatively affected by inflation. Third, there is a causal relationship between current account balance and foreign direct investment, which the two variables significantly influence each other. Therefore, it is highly recommended for lower middle income countries in ASEAN to intervene in macroeconomic policy variables, so that the deficit conditions for current account balance and foreign direct investment can be reduced in the lower middle income countries in ASEAN.
Keywords
Current Account Balance; Foreign Direct Investment; Determinants; Causality; Lower Middle Income Countries; ASEAN
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Supatmi Supatmi
Institutions
1 Satya Wacana Christian University and Doctoral student at Brawijaya University
2 Brawijaya University
Abstract
This study seeks to examine the effect of political connections on firm performance and to investigate leverage as a moderator of the causal relationship. Indonesia as one of the emerging countries provides an appropriate research setting for this research. Our sample is 470 Indonesian firms listed at the Indonesian Stock Exchange for the years 2014–2017 with 1.884 firm-years observations. Based on the panel data regression test, our results demonstrate that political connections decrease firms- market and accounting performance. Further, the results empirically show that leverage strengthen the impact of political connections on firm performance.
Keywords
political connection, leverage, firm performance, agency theory, Indonesia
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Birgitta dian saraswati
Institutions
a) student of doctoral program of Economics of Faculty of Economics and Business, Brawijaya University,
*) Corresponding Author: Email: birgitta.saraswati[at]staff.uksw.edu
b) Professor of Economics, Faculty of Economics and Business, Brawijaya University, Email: ghozalimaski[at]ub.ac.id
c,d) Lecturer, Faculty of Economics and Business, Brawijaya University.
Abstract
Economic growth is insufficient to be a sole indicator of the population-s welfare. Specifically, high economic growth does not necessarily imply that the population is generally prosperous. Equal income distribution is crucial to achieving sustainable economic growth. Since 2000, the Gini index as a measure of income inequality in Indonesia showed an increasing trend. On the other side, the financial technology 3.0 started to develop. This paper seeks to investigate the impact of fintech 3.0 development on income inequality in Indonesia and to identify the determining factors of income inequality in Indonesia. By using the partial adjustment model (PAM) with the observation period of 1990-2017, the study empirically shows that fintech 3.0 development that started in 2000 had a significant impact on income inequality in Indonesia. Besides, the investment variable also positively affect income inequality in Indonesia. Thus, the findings indicate that the Indonesian population did not equally utilize fintech development.
Keywords
income inequality, financial technology, Indonesia, partial adjustment model
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Sri Rahayu Rahayu
Institutions
Accounting Department, Jambi University
Abstract
This article aims to describe indicators that can be used to measure the performance of basic education institutions in Indonesia. Performance measurement with a multidimensional approach using an educational scorecard. Educational Scorecard is developed from the concept of measuring balanced scorecard performance, which has been widely implemented in private and government organizations, but has not been widely used in basic education institutions. Indicators are also developed from government regulations related to the management of primary schools. Customer aspects consist of six indicators, financial aspects consist of eleven indicators, internal business process aspects consist of eight indicators, and aspects of growth and learning consist of eight indicators.
Keywords
balanced scorecard, educational scorecard, performance, elementary school
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Yossy Imam Candika
Institutions
(a) Universitas Airlangga, Faculty of Vocational Studies
Jl. Dharmawangsa Dalam No. 28-30 Kampus B UNAIR Surabaya, Indonesia
Abstract
Net Interest Margin (NIM) can be seen as the profitability of a company. The higher the NIM, the higher the profitability of the company. However, NIMs can also be seen as bank inefficiencies. Higher net interest margin can reduce potential savers because of the low rate of return on deposits. In addition, this also increases the cost of capital for debtors, thereby reducing the potential investment and economic growth. During the period 1997 to 2005, showed that the average NIM in Indonesia was the highest among other countries in Asia. Central Bank of Indonesia is trying to reduce lending rates and reduce the NIM level to a reasonable level. However, the bankers think that the NIM level in Indonesia cannot be compared to other countries due to inflation and geographical conditions. This study analyzes several factors that influence NIM, including market structure, bank management performance, and risk factors faced by banks. This study uses multiple linear regression with panel data to see the effect of independent variables on the dependent variable. This study uses panel data regression analysis. The results show that NPL has a significant negative effect on NIM. Total asset has a positive and insignificant effect. LDR has a significant positive effect. BOPO has a negative and no significant effect. Equity to total asset ratio has a significant positive effect. And required reserve has a significant negative effect on NIM .The results of this study are expected to be a consideration for Central Bank of Indonesia, as the banking authority to determine the level of NIMs in Indonesia. In addition, this research is expected to be able to increase the banks insight to be able to control the factors that influence the NIM.
Keywords
Net Interest Margin, LDR, BOPO, Total Asset, Required Reserve, and Equity to Total Asset Ratio
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
ani wilujeng suryani
Institutions
Universitas Negeri Malang
Abstract
This study aims to determine the effect of financial distress, conflict of interest, and litigation risk on the implementation of accounting conservatism. Data were collected from 20 annual reports of a manufacturing company in Indonesia, which is being experienced financial distress from the period 2014 to 2017. Model data analysis in this research is panel data regression. The results of this study indicate that financial distress can reduce the application of accounting conservatism. Relatively low conflicts of interest between investors and creditors have not been able to influence accounting conservatism. However, conservative reporting can avoid the litigation risk in the future. This research can be an input for companies to recognize early financial conditions, so they can overcome problems that might occur. For investors, creditors, and the government must monitor the behavior and actions of managers in presenting financial statements so as not to harm other parties. For further research can use financial that are prone to detect financial distress and add samples from other company sectors.
Keywords
Accounting Conservatism, Financial Distress, Conflict of Interest, Litigation Risk
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Rini Safitri
Institutions
UIN MAULANA MALIK IBRAHIM MALANG
Abstract
Bond ratings have significance for both companies and investors. Because bond ratings are an indicator of default risk. Bond ratings are influenced by various factors, namely financial ratios and non-financial factors. The purpose of this study to determine the effect of financial performance (liquidity, profitability and solvency) on bond ratings and the influence of interest rates on the influence of financial performance (liquidity, profitability and solvency) of the bond rating. This study uses a quantitative approach and data collection methods using documentation methods. The sample is a banking company that issues bonds. The sampling technique using purposive sampling method, obtained 14 company samples. Data analysis uses Partial Last Square. The results of this study indicate that liquidity does not affect the bond rating. Profitability and solvency affect the bond rating. Interest rates have no effect on bond ratings and interest rates have no effect and cannot strengthen or weaken the effect of financial performance (liquidity, profitability and solvency) on bond ratings.
Keywords
bond rating, liquidity, profitability and solvency
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Muhammad Hasyim Ibnu Abbas
Institutions
(1) Universitas Negeri Malang
(2)Pusat Pelaporan Analisis Transaksi Keuangan
Abstract
This paper aims to analyze the empirical mechanism of the bribery and extortion on the roads in Indonesia. Using a game theoretical approach, the game is played by two representative agents, namely Police and Rider. The mechanism is modeled into two-stage games. Stage 1 adopts the 2x2 simultaneous Tsebelis- inspection game refined by Pradiptyo. Stage 2 illustrates two scenarios of sequential game. Stage 1 proposes that the benefit of enforcing the law gained by the police becomes rider-s important consideration to violate the traffic laws and rules while stage 2 proposes that the benefit of enforcing laws and rules is the important point to avoid bribery. Stage 2 also suggests that the law enforcement institutions may think carefully before increasing the severity of penalties and sanctions suffered by riders because it would increase the likelihood of police to extort the riders.
Keywords
Bribery; Extortion; Game Theory; Inspection Game
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Yuli Agustina
Institutions
Universitas Negeri Malang
Abstract
The purpose of this study is to examine the effect of the independent board of commissioners, managerial ownership, capital structure and profitability on company value, both partially and simultaneously. The sample in this study were 25 Consumer Goods Industries that were listed on the Indonesia Stock Exchange in 2013-2016. Purposive sampling method was used with certain criteria. In order to analyze the collected data, descriptive analysis and multiple linear regression analysis were used. The results of this study indicate that partially the independent board of commissioners and capital structure do not affect the value of the company, managerial ownership and profitability affect the value of the company. While simultaneously the independent board of commissioners, managerial ownership, capital structure and profitability affect the company value. This is because managers are successful in managing their business well. So the company can compete with other companies and gain maximum profit for the company. Future studies are expected to be able to use different variables or add to the proxy of Good Corporate Governance such as the audit committee, institutional ownership and so on.
Keywords
Company Value; Independent Commissioners; Managerial Ownership; Capital Structure; Profitability
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Birgitta dian saraswati
Institutions
Brawijaya Univeristy, Indonesia
Abstract
This study aims to identify the level of systemic risk of each bank and the financial linkages between banks in Indonesia. In this study, researcher uses 41 banks that have been actively traded on the Indonesia Stock Exchange in the period 2013-2018. The data of stock capitalization of banks are used as prices in a portfolio of banking system. The method used in this study is the CVaR (Conditional Value at Risk) method which was introduced by Adrian and Brunerrmeir in 2008. The equilibrium of the system is assumed reached at optimum portfolio of the system. At this situation each bank contribution to systemic risk is analyzed, as well as its impact onto it when there is a change in capitalization of a certain bank. The result shows the impact of bank onto systemic risk is not always follow its size in contribution the systemic risk. Due to covariance-s among banks are some positive and others are negative, some banks have negative contribution to systemic risk while others- are positive. There are 4 banks that have different behavior. These banks have negative contribution to the systemic risk. These banks are BMRI, PNBN, PNBS and NAGA. The negative impact to systemic risk is dominated by BMRI as much as -0.17%, and by PNBN as much as -0.04%. There are 2 major banks that have contribution to systemic risk ; BBCA (3,01% or Rp 59,1 trillion) and BBRI (0,54% Rp 10,62 trillion). However their impact on systemic risk are different. The parameters of impact on systemic for BBCA and BBRI are 14,99% and 52,94% respectively. Thus the stability of the system is more sensitive to the volatility of Bank Rakyat Indonesia (BBRI) than of Bank Central Asia (BBCA).
Keywords
Systemic Risk, Financial Linkage, Value at Risk, Conditional Value at Risk, covariance banking
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
A.A Gde Satia Utama
Institutions
a) Accounting Departement, Faculty of Economic and Business, Airlangga University, Jalan Airlangga 4-6, Surabaya, 60286, Indonesia
*gde.agung[at]feb.unair.ac.id
b)Accounting Departement, Faculty of Economic and Business, Airlangga University, Jalan Airlangga 4-6, Surabaya, 60286, Indonesia
c)Accounting Departement, Faculty of Economic and Business, Airlangga University, Jalan Airlangga 4-6, Surabaya, 60286, Indonesia
d)Accounting Departement, Faculty of Economic and Business, Airlangga University, Jalan Airlangga 4-6, Surabaya, 60286, Indonesia
Abstract
Indonesian Financial Inclusion level has increased each year. It is still slow compared to the level of Financial Inclusion in other ASEAN countries. Indonesia index in 2014 was 36%, while the index of Thailand was 78%, Malaysia 81%, and Singapore 96%. Several factors are slow increase in the distance of people-s homes with financial services and the difficulty of public access to financial products. OJK through policies issued Laku Pandai (Financial Technology – based) to tackle the problem. Banyuwangi is the largest district in East Java, with 1,6 million residents in 2017, and 269.267 SMEs in 2015. The amount is deemed to represent the impact of Laku Pandai in East Java. Based on research data obtained through interview, observation, and documentation descriptive qualitative methods found problems accessing credit undertaken by SMEs through Laku Pandai. Therefore we need to redesign on the credit system of Laku Pandai. The purpose of this research is to develop the credit system of Laku Pandai in order to increase effectiveness and efficiency in achieving financial inclusion, especially in the SME sector. Result form the study show the necessary capital to redesign proccess credit system can provide great benefits to Bank that Organize Laku Pandai.
Keywords
Laku Pandai; Financial Technology; Financial Inclusion; Designing Credit System
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Admin IRCEB 2019
Institutions
AMAZING UNIVERSITY
Abstract
Admin IRCEB
Keywords
IRCEB
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
SRI HANDAYANI
Institutions
Universitas Negeri Malang
Community Engagement Manager of [at]The_LHoFT
Estudiante en GBSB Global Business School, Spain
Abstract
Facebook has announced a digital currency named Libra that will allow billions of users to make financial transactions across the planet. Libra which has the Libra Blockchain component, the Libra currency, and Libra association. This article has question on: 1) How could the Libra Association increase financial inclusiveness via its new payment platform? 2) How should Financial and Legal Authorities think of regulating the new Libra virtual currency?
Keywords
FinTech, Libra, Financial Inclusion
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
dian rachmawati
Institutions
1,2,3) FACULTY OF ECONOMICS, UNIVERSITAS NEGERI MALANG, INDONESIA
4) COMPUTER SCIENCE DEPARTMENT, BOSTON UNIVERSITY, USA
Abstract
Problems that occur in clay craftsmen in Plancungan Village, Ngloning Village and Gombang Village, Slahung District, Ponorogo Regency include lack of capital, lack of marketing networks and low product innovation, and lack of regeneration in this business. So as to overcome these problems is done by providing training and the formation of pre-cooperatives for the craftsmen. The purpose of this research is to improve the quality of human resources and promote the existence of earthenware vessels. This research was conducted by forming a pre-cooperative community in order to facilitate the availability of capital for craftsmen. In addition, there will also be some marketing training and product innovation improvement training to have added value and innovation in accordance with the needs of the times. Both of these trainings were carried out by marketing practitioners and from the Ponorogo Regency industry and cooperative offices.
Keywords
Development, SMEs, Pottery, Community, Pre-Cooperative
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Januar Kustiandi
Institutions
Universitas Negeri Malang
Abstract
This study aims to determine the level of community welfare, causes of welfare, and efforts made to improve the welfare of the community in Malang. Data analysis is guided by interactive data analysis model. While to know the policy strategy that can be taken by government by using SWOT analysis. The results of this study indicate that the level of welfare of the community in the city of Malang has improved quality, which is indicated by the decrease in pre-prosperous family level. This is supported by the role of government, private, and universities that contribute in the form of providing basic services (health and education) for free for indigenous people of Malang City by the government. In addition, community service programs conducted by the university, also able to improve the quality of human resources community. While the private sector contributes in the form of CSR funds that are used to increase public facilities and infrastructure development and scholarships.
Keywords
social welfare, economic prosperity
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Ely Siswanto
Institutions
Department Management, Economic Faculty, Universitas Negeri Malang
Abstract
This study aims to describe how cash management practices in spiritual organization of The An-Nuur Grand Mosque, Batu City. Data is obtained through observation, interviews, and documention. Checking the validity of the data in this study uses triangulation sources. The result of this study indicate that cash planning in The An-Nuur Grand Mosque through out to be work program. It becames the basis of budget plan arrangement. In cash planning, it does effort to avoid idle cash or it is called “ngendon” cash. The cash organizing in The An-Nuur Grand Mosque uses the contract. It is called “akad”. The sentence is on the charity box which automatically becomes contract for charity (infaq). The cash controlling uses financial statements which is reported of The An-Nuur Grand Mosque foundation. While, muslims who used to perform there activities in The An-Nuur Grand Mosque (jamaah) can know cash inflow, cash outflow, and total balance by announcement before “Jumat” praying and financial statement in the information wall.
Keywords
cash management, contract, agency theory, grand mosque
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Sandra Sukma Embuningtiyas
Institutions
Universitas Airlangga
Abstract
Corporate social responsibility (CSR) is a form of corporate social responsibility activity in contributing to social and natural environment. As a bank that carries out its activities based on Sharia principles, it is natural for a Sharia bank to carry out social responsibility. However, to be consistent or not the social responsibility of Islamic banks, is also influenced by several key factors in the company. This study aims to examine whether good corporate governance, intellectual capital and corporate financial performance affect companies in carrying out their social responsibilities. In this study, CSR used as the dependent variable while the independent variables used are good corporate governance (Syariah Supervisory Board), intellectual capital (Human Capital Efficiency (HCE), Capital Employee Efficiency (CCE), Structure Capital Efficiency (SCE) ), financial performance (ROA and ROE) with control variables size and leverage. This study started from 2013 until 2017 with the samples of 22 Islamic bank in Southeast Asia Countries. This study used a balanced panel data of 10 Indonesian Islamic banks, 10 Malaysia Islamic banks, 1 Brunei darussalam Islamic banks and 1 Philippines Islamic banks which was choosen by purposive sampling method. Analytical study shows that good corporate governance (SSB), Structure Capital Efficiency (SCE) and financial performance (ROA and ROE) had not significant influence to corporate social responsibility, but Human Capital Efficiency (HCE), Capital Employee Efficiency (CCE), size and leverage had significant influence to corporate social responsibility.
Keywords
Good Corporate Governance, Intellectual Capital, Financial Performance, Size and Leverage
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Lustina Fajar Prastiwi
Institutions
State University of Malang
Abstract
This research was conducted in Purwosari Subdistrict, Gunungkidul Regency, DIY Province, specifically Giriasih Village, Girijati Village, Giripurwo Village and Giricahyo Village. The four villages are located in a line of sewu mountains in Gunungkidul Regency which is nearby to Parangtritis Beach and is passed by the JJLS development project. This study aims to determine the effect of JJLS development on surrounding land value patterns in 2016 and the factors that influence it. The design of this research was used exploratory research with primary data sources derived from measurements using Google Earth software and secondary data based on the results of recording land purchase transactions by BKAD Kab. Gunungkidul. The type of data used is the cross-section data of 2016 land sale and purchase transactions with convenience sampling techniques. The result is the more land located in JJLS, the land value will decrease by 1.5 per cent per kilometre. Other factors which affect land value are land area that affects 4.68 per cent of land value, distance from CBD which affects 0.0535 per cent per square meter of land value, type of plot of land affects 3.65 per cent of land value and the presence of accessibility has an effect of 2.96 per cent of the land value in the Purwosari District.
Keywords
Infrastructure, Land Values, Sewu Mountains, Coastal Region
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Dwi Martani
Institutions
Department of Accounting, Faculty of Economics and Business, Universitas Indonesia
Abstract
This study analyzes the relationship between the characteristics of the regional head towards the level of responsiveness in completing the recommendations of the examination results. The characteristics used in this study were age, education level, educational background, bureaucratic experience and entrepreneurial experience. This study also examined the effect of the level of responsiveness in completing recommendations on the results of examinations on performance using the EKPPD score. This study used purposive sampling, with samples used were 314 districts/cities in Indonesia in 2014-2016. The results of the study prove that the characteristics of the regional head seen from age, education level, educational background, bureaucratic experience and entrepreneurial experience have no influence on the level of regional responsiveness in completing the recommendations of the examination results. This study did not succeed in proving a positive relationship between the level of responsiveness of completion of recommendations to performance, but instead found a negative influence between the level of regional responsiveness in completing the results of the examination recommendations on the performance of local governments.
Keywords
responsiveness, follow-up examination results, characteristics of local heads, performance, EKPPD
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Maulan Irwadi
Institutions
1 Accounting Study Program, Politeknik Anika Palembang
email: irwadi1[at]yahoo.co.id
2 Accounting Department, Politeknik Negeri Sriwijaya
email: indra72[at]polsri.ac.id
3 Accounting Department, Politeknik Negeri Sriwijaya
email: mhusnimubarok[at]polsri.ac.id
4 Accounting Department, Universitas PGRI Palembang
email: aryo.83arifin[at]gmail.com
Abstract
This study aims to determine the effect of regional expenditure on incumbent in regional head elections in 2018. In this study, the determination of samples is by using purposive sampling in provincial / city / district areas that participate in regional head elections. The total population in this study is 171 regions. By using the purposive sampling, the results obtained are 67 regions. The statistical method used to analyze data and to test hypotheses is by using descriptive statistics. Based on the results of the analysis and discussion that has been carried out by using multiple linear regression, the conclusion is that the hypothesis testing results show that the grant expenditure variable has a negative and significant effect on the incumbent of regional head elections in 2018. The social assistance expenditure variable has no effect on the incumbent of regional head elections in 2018. Variable capital expenditure has no affect on the incumbent of regional head elections in 2018. On the other hand, grant expenditure, social assistance expenditure, and capital expenditure simultaneously affect the incumbent of regional head elections in 2018.
Keywords
Grant Expenditure, Social Assistance Expenditure, Capital Expenditure, Incumbent
Topic
Economics, Finance, Banking, and Accounting
Corresponding Author
Inayati Nuraini Dwiputri
Institutions
Economics Faculty, Universitas Negeri Malang
Economics and Business Faculty, Halu Oleo University
Abstract
Generally in Indonesia, bank loans have lower interest rate than cooperative loans. Even so the use of cooperative credit in Indonesia is very much, so that the cooperative is considered as one of the supporting economy in Indonesia. This study wants to identify the impact of the use of cooperative credit on community welfare compared to bank loan. This study uses Indonesian Family Life Survey (IFLS) data with a regression analysis of fixed effect methods at the village level. The results showed that the role of cooperative and bank credit did not have a significant difference in improving peoples welfare. This shows that cooperatives have an important role in improving peoples welfare as well as the bank. The higher the amount of credit taken, the more positive the effect is on improving peoples welfare. The use of credit for productive purposes also has a positive influence on improving peoples welfare, compare to consumer credit.
Keywords
credit, interest rate, cooperative, fixed effect
Topic
Economics, Finance, Banking, and Accounting
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