Indonesia Conference Directory

Corresponding Author
Mauizhotul Hasanah

Institutions
Faculty of Economics and Business, Airlangga University

Abstract
News becomes one of the analytical materials for investors to get information about political factors and economic factors that make moving stock prices so volatile. The purpose of this study is to analyze political factors which consist of government effectiveness, quality of regulation, political stability. And economic factors which consist of economic growth, inflation, exchange rates against stock prices in the media sector which is one source of information for investors. This study uses secondary data during the period 2012-2017 related to political factors, economic factors, and stock prices in the Media sector listed on the Indonesia Stock Exchange. This research uses quantitative with Ordinary Least Square. The empirical results show that political factors consist of government effectiveness, quality of regulation, political stability have no effect on stock prices in the media sector. While economic factors consisting of economic growth, inflation, exchange rates affect the price of shares in the media sector.

Keywords
political Factors, economic factors, Stock Prices, Media Sector

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/rBxmtTWbqYPF

Corresponding Author
aziz arzian syah

Institutions
(a) Master Islamic Economic Science, Faculty of Economic and Business, Universitas Airlangga Surabaya, Indonesia
*azizarziansyah[at]gmail.com
(b) Faculty of Economic and Business Universitas Airlangga, Surabaya, Indonesia

Abstract
This research was conducted with the aim of analyzing the BPRS efsiensi in East Java province with the DEAs approach from the year 2013-2017 as well as 22 sample from 28 population of BPRS, sampling based on purposive sampling due to the limitations of the data. This study uses secondary data are derived from the financial statements in the period of 2013-2017 and BPRS are sourced from Bank Indonesia and OJK. This research includes the variable input i.e. total third-party Funds and Capital, then the variable output i.e. Total Financing and Income Operational. This research is a type of quantitative research with non-parametric Data Envelopment Analysis (DEA) using the OSDEA software. The results of this study showed that the value of efficient use of BPRS are there in East Java is still very volatile, although there is 1 the BPRS always showed the value of efficient in every year from year 2013-2017 while still volatile BPRS 9 and 12 other ranks do not experience efficient at all, moreover, which became a source of inefficiency in the BPRS in East Java is the use of variable inputs are insufficient.

Keywords
Keywords: Efficiency, Islamic Rural Bank

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/TtzgXAHdZnD2

Corresponding Author
mohammad yusron sholikhin

Institutions
a. Student of the Master of Science in Islamic Economics, School of Postgraduate, Universitas Airlangga
b. Department of Islamic Economics, Faculty of Business and Economics, Universitas Airlangga

Abstract
The development of Islamic banks in Indonesia growth significantly. This evidence has been almost 30 years of Islamic banks in Indonesia with various achievements. This condition becomes a great time to measure the performance of Islamic banks in Indonesia. Profitability is a measuring instrument used to measure the performance of Islamic banks. This study aims to examine the effect of Non-Performing Financing (NPF), inflation and exchange inlaid against Islamic bank profitability from 2008 to 2018. The method used is multiple linear regression analysis. Based on the analysis it is concluded that the variable Non-Performing Financing (NPF) and the exchange rate has a significant influence on the profitability of Islamic banks, while inflation has no significant effect on the profitability of Islamic banks in Indonesia.

Keywords
Non Performing Financing (NPF), Inflation, Exchange Rate, Profitability

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/YhVFXeZtU96x

Corresponding Author
Muhammad Dzulfaqori Jatnika

Institutions
(a) Student of the Master of Science in Islamic Economics, School of Postgraduate, Universitas Airlangga
(b) Department of Islamic Economics, Faculty of Business and Economics, Universitas Airlangga

Abstract
This study aims to determine the integration between Indonesian Islamic Stock Index (ISSI), inflation, money supply, and exchange rate. Data analysis used ISSI, inflation, money supply, and exchange rate from January 2012 to December 2018. This research approach uses a quantitative approach with a VAR (Vector Auto Regressive) analysis model. Supported by stationarity test, optimal lag test, VAR model stability test, granger causality test, impulse response function test and variance decomposition test, assisted with Eviews version 9 software. The findings research of this 5% alpha shows that the results of VAR analysis of Varince Decomposition test indicate that variable exchange rates, inflation, and money supply are integrated into the ISSI in the short term observation. The exchange rate has 49,00 % dominant effect, money supply has the lowest effects which is 2,46%. The results of the granger causality test shows that all variables have a causality relationship with each other, that means each variable has a 2-way relationship with other variables. The results of the impulse response function test show that the ISSI responds negatively to inflation and exchange rates. While the ISSI responds positively to the money supply.

Keywords
ISSI, Inflation, Money Supply, Exchange Rate, VAR

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/6tHBXh4aWCgZ

Corresponding Author
Khalwat Asyaria

Institutions
Magister Sains Ekonomi Islam, Fakultas Ekonomi dan Bisnis, Universitas Airlangga, Jalan Airlangga, Gubeng, Kota Surabaya, 60286

Abstract
Foreign exchange reserves are assets of a central bank that are stored in foreign currencies such as dollars, euros, yen and are used for international trade and funding the countrys economy. The size of the countrys foreign exchange reserves depends on the strength of its exports and imports both oil and gas and non-oil and gas. Regarding the purpose of this study to analyze the allocation of oil and gas and non-oil gas trade to the volatility of foreign exchange reserves in Indonesia, 1975-2016. This study used secondary data from the Badan Pusat Statistik and World Bank reports using quantitative analysis (multiple linear regression test). The results of the study show that non-oil exports and imports have a significant negative effect on the volatility of foreign exchange reserves. While for oil and gas exports and imports it has a negative and insignificant effect.

Keywords
Trade Balance, Import, Export, Oil and Gas, Non Oil and Gas, Foreign Exchange Reserves

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/8mt6BzgFcJAK

Corresponding Author
Muhammad Haykal

Institutions
Fakultas Ilmu Sosial dan Politik Universitas Airlangga

Abstract
In the face of intense competition in the footwear industry, shoe manufacturer is required to maintain the quality of its products. PT. Mandiri Sukses Makmur is a company that produces various kinds of shoes, one of which is BATA. Many consumers were less satisfied with BATA shoes produced by PT. Mandiri Sukses Makmur. This study aims to determine the importance of consumer needs BATA using Analytic Hierarchy Process (AHP), and designing product improvement BATA from PT. Mandiri Sukses Makmur of the method of Quality Function Deployment (QFD). From the results of distributing questionnaires to 100 consumers of BATA shoes from PT. Mandiri Sukses Makmur, it is known that there are six attributes of quality products to the needs of the consumer (customer needs) because it has a negative value of the gap that is the information on how to care for shoes, any consumer complaint information, innovative products, shoes to keep track of trends / fashion, stitching shoes is not easy damaged and has a typical shoe. Customer needs are the top priority is not easily broken stitching shoes, while the final priority is the information on how to care for shoes. PT. Mandiri Sukses Makmur can improve the quality of products to improve performance BATA with nine technical response (technical response) that have been determined in accordance with the target company, which provides information on how to care for shoes, giving the consumer voice services, recruiting research and development, innovation every make new products, making products that follow the development trend/fashion, improve their capabilities and skills of employees, improving the quality of materials, improve the quality of the machine, as well as making products that have a hallmark to attract customers.

Keywords
Quality Product, Analytic Hierarchy Process (AHP), Quality Function Deployment (QFD), House of Quality.

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/hKW8JHpNqfGc

Corresponding Author
khaled nour aldeen

Institutions
Faculty of Economics, Damascus university
Damascus-Syria
Department of Human Resources Development, postgraduate school, Airlangga University
Surabaya-Indonesia
Department of Islamic Economics, Faculty of Economics and business, Airlangga University
Surabaya, Indonesia
Department of Islamic Economics, Faculty of economics and business, Airlangga University
Surabaya, Indonesia

Abstract
This study aims to give information to Islamic banks which are seeking for an opportunity to international subsidiaries, on the awareness and willingness of its people in accepting Islamic Banks in the country. A random survey has been conducted to 100 respondents to cover up, middle and down of Myanmar. Despite Muslim is the minority and many of the respondents in this study are not Muslim, the result suggests that around half of the respondents are willing to take part if Islamic bank exists in Myanmar. This initial study shall be taken into account by the government to design an informative advertising campaign to raise the awareness level among Myanmar towards Islamic banking.

Keywords
Myanmar, Islamic banking, awareness, willingness.

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/CF3vB4XHyaGV

Corresponding Author
Nor Fathin Fahimah

Institutions
Airlangga University

Abstract
This paper aims to describe and analyze the law of using bot followers to increase endorsement rates through Instagram according to qiyas method in ushul al-fiqh. This paper provides a critical analysis of the use of bot followers to increase endorsement rates through Instagram whether or not in accordance with Islamic law. The analysis is based on the qiyas method for bai al-najsy, which is seen whether the use of bot followers on Instagram endorsement has same illat to bai al-nasjy. If it has the same illat, then it is categorized as bai al-nasjy. The results of the research showed that there were similarities in the endorsement of Instagram that used bot followers with bai al-najsy, ie there were fraudsters (al-naajisy) who served as pretenders to raise prices, in this case bot followers. So that using bot followers to increase endorse Instagram rates is categorized as bai al-najsy.

Keywords
Bot Followers; Endorsement; Instagram; Qiyas, Ushul al-Fiqh

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/6GyTRgCLzHjc

Corresponding Author
Faizatul Hiqmah

Institutions
STIE PERBANAS SURABAYA

Abstract
Abstract Purpose – This study aims to explore the contribution of social marketing in financial inclusion in Indonesia that is carried out through Non-Cash Food Assistance program (Indonesia: Bantuan Pangan Non Tunai / BPNT). This study, in particular, provides insight on intended behavior changes and formulates social marketing strategic steps to help change behavior related to the adoption of banking technology. Design/Methodology/Approach – In-depth interviews with 23 beneficiary families were conducted to find out their views on the program, including barriers and their hopes for adopting banking technology. Findings – The key finding of this study is that segmentation and targeting play an important role in the success of voluntary behavior changes in financial activities, which are the main objectives of financial inclusion. Research limitations – This study only used qualitative data. Therefore, the findings may not be generalized beyond the interview with participants and organizations studied. Practical Implications – This study contributes to providing guidance and establishing knowledge about the importance of social marketing in the aspects of segmentation and targeting as the efforts to change the voluntary behavior of the poor people on their financial activities. Originality/Value – This study provides guidance on social marketing application, especially in the field of financial inclusion. This study offers stakeholders and social marketing practitioners several views related to behavior change for good purposes

Keywords
social marketing, financial inclusion, non-cash transaction, technology adoption

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/YwqELk7Nn3yv

Corresponding Author
Erfinda Mustika Dewi

Institutions
Faculty of Economic and Business, Airlangga University, Indonesia

Abstract
This study discusses corporate governance which is the ownership structure and how it impacts the companys cost of equity. Ownership structure here means anyone who owns shares or company equity and what percentage of ownership. This research raised about blockholder ownership. Blockholder ownership is the ownership of a company that has more than 25% of the total shares outstanding in the company. Blockholder ownership consists of financial blockholders, corporate blockholders, government blockholders, managerial blockholder. Blockholders in a company have more power compared to minority shareholders. Blockholders can also control the people manager works. When managers dont do what the people want blockholders, blockholders have the right to change the managerial system of the company.This study uses multiple linear regression methods to determine whether or not there is an influence between the independent variables on the dependent variable. The data that will be used is the annual report data of non-financial institutions that are already sharia and registered on the IDX.

Keywords
Bockholder Ownership, Cost Of Equity, Islamic Stock,

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/Lk9Tx8EQZDCd

Corresponding Author
Fitria Nurma Sari

Institutions
Airlangga University

Abstract
Poverty is still a major problem in Indonesia. In an effort to overcome the problem of poverty, the government has tried to develop various programs that want to alleviate the poverty of its citizens. But not infrequently these programs do not go according to plan and cannot reach the goal. In contrast to these problems, the Kulon progo community has persistent leaders in fighting for the rights of their people. Integration of an independent economy was created, and only a few years of poverty in Kulon Progo were successfully obtained.

Keywords
Poverty, leadership

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/DyL2AcfBgkzh

Corresponding Author
Dimas Budi Prasetyo

Institutions
Fakultas Psikologi, Universitas Surabaya
Jl. Raya Kali Rungkut No. 56, Surabaya

Abstract
It is widely explored that problems in developing society related to think and act logically and reflectively in a social context positively correlates with the cognition skill. Also, it is widely agreed that in cognitive science, there are two agents used for information processing in decision making, namely automatic and reflective. In most developing societies, an individual is busy with fundamental problems that they face daily (i.e. health access, lower wage, etc.), limits their cognitive capacity, and resulting him/her fails to process social stimulus which mostly asked their reflective response. Thus, a better design in social stimulus to encourage prosocial behaviours, such as queuing habit to name a few, becomes more prominent. During the last decade, nudge has been famous for its subtle approach for behaviour change – however, there is relatively little known of the method applied in the developing society. The current article reviews the nudge approach from cognitive science, as well as explores a success story from consumer psychology in changing consumers behaviour. The article concludes the possible broad implication in behaviour change in the developing society social context.

Keywords
automatic information processing, nudge, cognitive capacity, developing society

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/hFfp3xjDkz67

Corresponding Author
Haryo Firas Tunas Kuncoro

Institutions
Fakultas Ekonomi dan Bisnis

Abstract
This study explains the results of a study that analyzes the Comparison of the Effect of Financial Ratio on Return on Assets (ROA) on Conventional Commercial Banks and Islamic Commercial Banks for the 2014-2018 period using the variables used are ROA, NPF / NPL, CAR, BOPO and FDR / LDR, research samples are 2 Sharia Commercial Banks (BRI Syariah and Bank Syariah Mandiri) and 2 Conventional Commercial Banks (BRI and Bank Mandiri) Analysis methods used using Multiple Linear Regression Analysis, Statistic Test namely coefficient of determination, t statistical test, simultaneous test F and Classical Assumptions through normality test, heteroscedasticity test, multicollinearity test, autocorrelation test and Independent T-test sample test. This study found that the NPL / NPF variable had a significant negative effect on ROA on BRI and Bank Syariah Mandiri, NPL / NPF had a positive effect on ROA on Bank Mandiri not significant and BRI Syariah significant. CAR variables have a positive and significant effect on BRI but are not significant at Bank Mandiri and BRI Syariah while in Bank Syariah Mandiri the negative effect is not significant. BOPO has a significant negative effect on ROA. FDR / LDR has a significant negative effect on Bank Mandiri and BRI Syariah but is not significant while being positive and significant in BRI and Bank Syariah Mandiri. As well as the Independent test sample t-test Sharia Commercial Banks are larger than Conventional Commercial Banks, namely NPL / NPF, BOPO, LDR / FDR, while Conventional Commercial Banks are larger than Islamic Commercial Banks on ROA and CAR ratios.

Keywords
ROA, NPF/NPL, CAR, BOPO, and FDR/LDR

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/bgWjncRK7qAv

Corresponding Author
Putu Tania Lita Devi

Institutions
A) FACULTY OF PSYCHOLOGY, AIRLANGGA UNIVERSITY (AIRLANGGA STREET, GUBENG, SURABAYA CITY, EAST JAVA 60286) *TANIALITADV[at]YAHOO.COM
B) FACULTY OF MEDICINE, PSYCHOLOGY DEPARTMENT, UDAYANA UNIVERSITY (P.B. SUDIRMAN STREET, DANGIN PURI KLOD, DENPASAR, BALI, 80232)

Abstract
This research aims to describe the quality of life owned by one transvestite in Bali who has decided to coming out. This type of research is qualitative descriptive using the case study method, in which the data collection process uses interviews, then from the results of the interviews the data are analyzed qualitatively. The study uses one subject, who is a transvestite in Bali who has come out to the surrounding environment and his family regarding his condition and is currently experiencing pros and cons regarding his choice as a transvestite. The results of the study show that the subject had a fairly positive quality of life since deciding to coming out, while the factors that influenced it included; acceptance given by the people closest to the subject, psychological satisfaction of the subject because he no longer has to force himself to become a “man”, and the subject feels more free in expressing himself now.

Keywords
Keywords: Quality of life, Coming out, Transvestite, LGBT.

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/eUYPNZJCKmhz

Corresponding Author
Muhammad Ubaidillah Al Mustofa

Institutions
a) Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia
b) Faculty of Business and Technology Management,
Institut Teknologi Sepuluh Nopember, Surabaya, Indonesia

Abstract
This study analyzes the impact of macroeconomic factors, country risk, and trade on the inflow of foreign direct investment in ASEAN countries. This research is a quantitative research that applies the Data Panel Regression with Fixed Effect. The empirical result shows, the currency exchange rate has a positive and significant influence. A higher value of IDR against USD (depreciation), will increase the inflow of foreign investment. In addition, country risk, economic growth, and inflation do not play an important role in influencing the motivation of foreign investors. Trade is negatively and significantly correlated with foreign investment and this opposes the mainstream theory.

Keywords
Foreign Investment, Country Risk, Trade, Macroeconomics

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/w3QMkxRuqajV

Corresponding Author
Sitti Hamidah Mujahidah

Institutions
Universitas Airlangga

Abstract
Along with the development of Islamic banking increasingly rapidly with a variety of products and services offered, many customers decide to move from conventional banks to Islamic banks. This is due to the many factors that influence the customers decision to switch banks. The purpose of this study was to determine the extent to which the determinants of customer behavior shifted from conventional banks to Islamic banks in the Yogyakarta Special Region. This research is a quantitative research, data collection techniques by distributing questionnaires and literature studies. The sampling technique uses purposive sampling method. Analysis tool using Logistic Regression. The results of this study note that the results of the t test (partial) indicate that the Cost variable has a positive and significant effect on the behavior of conventional bank customers to switch to Islamic banks with a probability value of 0.008 (0.008 <0.05), Discomfort variables have a positive and significant effect on the behavior of conventional bank customers to switch to Islamic banks with a probability value of 0.007 (0.007 <0.05, Failure variable of core service delivery has a positive and significant effect on the behavior of conventional bank customers to switch to Islamic banks with a probability value of 0.009 (0.009 <0.05), competitors attractiveness variables have a positive and significant effect on the behavior of conventional bank customers to switch to Islamic banks with a probability value amounting to 0.020 (0.020 <0.05, Ethical Problem variables have a positive and significant effect on the behavior of conventional bank customers switching to Islamic banks with a proobability value of 0.014 (0.014 <0.05), and the Unintentional variable Switching has a positive and significant effect on the behavior of conventional bank customers turning to Islamic banks with a probability value amounting to 0.044 (0.044 <0.05). The results of the f test (Simultaneous) show that independently together have a positive and significant influence on the behavior of switching conventional banks to Islamic banks. This is evident from the results of the t test and the f test produces a significance value of 0.000 (0.000 <0.05). The R Square value of 0.891 states that the independent variable is able to influence the dependent variable by 89.1%. While the remaining 10.9% is explained by other variables outsidethisresearch.

Keywords
Determinants, Customer Behavior, Banks

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/rAu6UTMYqLRb

Corresponding Author
Hendra Eka Saputra

Institutions
Universitas Airlangga

Abstract
Along with the development of Islamic banking increasingly rapidly with a variety of products and services offered, many customers decide to move from conventional banks to Islamic banks. This is due to the many factors that influence the customers decision to switch banks. The purpose of this study was to determine the extent to which the determinants of customer behavior shifted from conventional banks to Islamic banks in the Yogyakarta Special Region. This research is a quantitative research, data collection techniques by distributing questionnaires and literature studies. The sampling technique uses purposive sampling method. Analysis tool using Logistic Regression. The results of this study note that the results of the t test (partial) indicate that the Cost variable has a positive and significant effect on the behavior of conventional bank customers to switch to Islamic banks with a probability value of 0.008 (0.008 <0.05), Discomfort variables have a positive and significant effect on the behavior of conventional bank customers to switch to Islamic banks with a probability value of 0.007 (0.007 <0.05, Failure variable of core service delivery has a positive and significant effect on the behavior of conventional bank customers to switch to Islamic banks with a probability value of 0.009 (0.009 <0.05), competitors attractiveness variables have a positive and significant effect on the behavior of conventional bank customers to switch to Islamic banks with a probability value amounting to 0.020 (0.020 <0.05, Ethical Problem variables have a positive and significant effect on the behavior of conventional bank customers switching to Islamic banks with a proobability value of 0.014 (0.014 <0.05), and the Unintentional variable Switching has a positive and significant effect on the behavior of conventional bank customers turning to Islamic banks with a probability value amounting to 0.044 (0.044 <0.05). The results of the f test (Simultaneous) show that independently together have a positive and significant influence on the behavior of switching conventional banks to Islamic banks. This is evident from the results of the t test and the f test produces a significance value of 0.000 (0.000 <0.05). The R Square value of 0.891 states that the independent variable is able to influence the dependent variable by 89.1%. While the remaining 10.9% is explained by other variables outsidethisresearch.

Keywords
Determinants, Customer Behavior, Banks

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/8CGQyWrkjJN6

Corresponding Author
Muhammad Sanusi

Institutions
a) Master Candidate of Islamic Economic, Faculty of Economic and Business, Surabaya, Indonesia
*muhammad.sanusi-2017[at]pasca.unair.ac.id
b) Departement of Islamic Economics Science, Faculty of Economic and Business, Universitas Airlangga, Surabaya, Indonesia

Abstract
This study aims to analyse the long-run and short-run relationships among foreign direct investment (FDI) and their determinants (economic growth (GDP), exchange rate, interest rate, and inflation) in Indonesia for the (2011-2018) period. The Johansen Cointegration test and Vector Error Correction Model to test the long-run and short-run relationships among the variables. The results identify that in long-run GDP is positive significant related to foreign direct investment, while exchange rate is negative significant related to foreign direct investment. In short-run all variables (GDP, exchange rate, interest rate, and inflation) not significant relationships with foreign direct investment.

Keywords
Foreign Direct Investment; Determinants of FDI; Vector Error Correction Model; Indonesia

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/PWdmVeGFf4vx

Corresponding Author
Khofidlotur Rofiah

Institutions
Faculty of Economics and Business, Universitas Airlangga

Abstract
The aim of this study examines the determinants of Non-Performing Financing (NPF) in Indonesia Islamic Bank, especially in BCA Sharia, BNI Sharia, BRI Sharia, BSM, Sharia Maybank, Mega Sharia Bank, Muamalat Bank, and Victoria Sharia Bank. It uses quantitative research, which examines the determinants of Non-Performing Financing in Indonesian Islamic Bank. The data is collected from Bank-s report yearly from 2014-2017. This research is using simple linier regression analysis to calculate the significance between NPF as the dependent variable, GDP, and CAR as an independent variable. The finding of this study that the determinants of Non-Performing Financing are variable X1 (CAR) have significantly influence the variable Y (NPF). While the variable X2 (GDP) does not significantly influence the variable Y (NPF).

Keywords
NPF; Non Performing Financing, GDP, CAR

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/Y3f62cHrCgtN

Corresponding Author
Jihad Hud

Institutions
Faculty of Economics and Business, Airlangga University
Jalan Airlangga 4, Surabaya 60115, Indonesia
*jihad-2017[at]pasca.unair.ac.id

Abstract
This study investigates the management of asset structures in Indonesian islamic bank. The study uses panel data from 10 Islamic banks in indonesia, covering the period 2010 to 2018. All significant data have been taken into account in analysing whether there is a relationship between asset structure management and certain factors involving bank-specific financial conditions and macroeconomic features. These include financing, deposits, profits, money supply and gross domestic product (GDP) The results reveal that asset management structure is significant for total financing, total deposits, money supply and GDP. In conclusion, the management of asset structures acts to efficiently prevent any unexpected crises that may affect banking operations. The structure of asset management in Islamic banking is influenced by internal and external factors which have the most impact on asset management by Islamic banks. Islamic banking also provides more financing to reduce their risk and at the same time they attempt to increase deposits and investment in due to interest rate volatility in conventional banking.

Keywords
Asset structure management; Islamic banking; Indonesia

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/ptvKmR8AQLah

Corresponding Author
Nur Rachmat Arifin

Institutions
(1)Master Islamic Economic Science, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia
(2)Master Islamic Economic Science, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia
(3)Post Graduate School Universitas Airlangga, Surabaya, Indonesia
(4)Master Islamic Economic Science, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia

Abstract
This reseach was to examine the integration of stock markets and the dynamic interaction between the long and short term Indonesian Islamic stock market, and the stock market of Indonesia s main trading partners (US, Japan, China and Korea, Hongkong). Investors Ownership Indonesian stock market in 2012 foreign dominated 54.54% and lokal45.46%, but increased in 2018, 54.89% owned by local investors and foreign investors 45.11%, this research methodVECM method to analyze and measure the stock market (The US, Japan, China and Korea, Hongkong) Affecting the Islamic stocks in Indonesia, withMonthly stock index from January 2012 to December 2018, The results of this reseach showed that the stock market index, the US, Japan, China and Korea, Hong Kong, does not affect the Indonesian Islamic stock index. To a certain extent, it was found that regional trade integration is essential to the national stock market, so the Indonesian Islamic stock index is more influenced by their own regional stock indexes, and the geographical proximity and close relations between countries contribute more towards integration explained that in the long term there are two variables that influence the Indonesian Islamic stock indexes significantly variable Hong Kong stock index and stock index Korea, and in the short there is only one variable that Chinese stock indexes affecting Indonesian sharia stock index significantly.

Keywords
The stock market, Integration, Indonesia Trade.

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/RBzfKFNLkQ7Z

Corresponding Author
afifah nur millatina

Institutions
universitas airlangga

Abstract
One of the halal product innovations in terms of the services that are being heavily developed is sharia-based lodging (sharia hotels). Sharia lodging is a hotel concept that offers various facilities and services that are in accordance with the values of Islamic law. The growth of sharia hotels in Indonesia is increasing due to the increasing need for a sense of wanting to obey Islamic values. This can be seen from the many emerging sharia hotels as a form of increasing halal lifestyle simultaneously in various regions in Indonesia, including in the city of Semarang. One hotel that offers sharia lodging services in the city of Semarang is Grasia Hotel. This study aims to analyze the effect of service quality on customer satisfaction in forming customer loyalty at Grasia Hotel. The indicators are used to measure service quality such as tangible, reliability, responsiveness, assurance, and empathy. Path analysis approach is applied in this research with 110 respondents. Path analysis is a method of analysis used in this research. Path analysis is useful to determine the direct and indirect effects that occur between variables. The results show that there is a positive effect between the service quality to customer satisfaction, customer satisfaction on customer loyalty, and service quality on customer loyalty.

Keywords
Sharia Hotels, Service Quality, Customer Satisfaction, Customer Loyalty.

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/7EqXwQY9GApz

Corresponding Author
Hanif Fadhlillah

Institutions
1. Sains Islamic Economic, Economic and Business Faculty, Universitas Airlangga, Surabaya
2. Sains Islamic Economic, Economic and Business Faculty, Universitas Airlangga, Surabaya
3. Sains Islamic Economic, Economic and Business Faculty, Universitas Airlangga, Surabaya
4. Sains Islamic Economic, Economic and Business Faculty, Universitas Airlangga, Surabaya

Abstract
One of the halal product innovations in terms of the services that are being heavily developed is sharia-based lodging (sharia hotels). Sharia lodging is a hotel concept that offers various facilities and services that are in accordance with the values of Islamic law. The growth of sharia hotels in Indonesia is increasing due to the increasing need for a sense of wanting to obey Islamic values. This can be seen from the many emerging sharia hotels as a form of increasing halal lifestyle simultaneously in various regions in Indonesia, including in the city of Semarang. One hotel that offers sharia lodging services in the city of Semarang is Grasia Hotel. This study aims to analyze the effect of service quality on customer satisfaction in forming customer loyalty at Grasia Hotel. The indicators are used to measure service quality such as tangible, reliability, responsiveness, assurance, and empathy. Path analysis approach is applied in this research with 110 respondents. Path analysis is a method of analysis used in this research. Path analysis is useful to determine the direct and indirect effects that occur between variables. The results show that there is a positive effect between the service quality to customer satisfaction, customer satisfaction on customer loyalty, and service quality on customer loyalty. (Approx. 210 words)

Keywords
Sharia Hotels, Service Quality, Customer Satisfaction, Customer Loyalty

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/ZMANv3DJy9qr

Corresponding Author
Marisa Ayu Andarini

Institutions
Airlangga University

Abstract
Effect of Capital Structure of Sharia Cooperative on Performance and Health of LKMS with Kementrian Koperasi indicator standard. This study aims to determine and analyze the comparison of capital structure on the performance and health of an LKMS in Indonesia. The population in this study were four BMT or KSPPS in East Java with location distribution in Madura (BMT NU), Surabaya (BMT Muda), Bojonegoro (KSPPS As Salam) and Gresik (KSPPS MUI). The result of research shows that BMT NU has the highest level in achieving optimal performance and health, so it can know the capital structure of BMT NU to achieve the optimal performance and health. In the capital structure division of BMT NU there is a core capital with a share of 35% of total liabilities. Quasi Equity is funds obtained from collecting third party funds based on the principle of mudaraba by 7% of Total Liabilities. Third party funds deposited in BMT NU are either voluntary or savings deposits amounting to 30% of Total Assets. BMT NU here also has a large portion of debt to meet the Capital in running its business that is equal to 28% of Total Pasiva.

Keywords
Capital Structure, Sharia Cooperative Performance, Optimal performance and health.

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/FHdnvUPXcLxT

Corresponding Author
NJO ANASTASIA

Institutions
Finance Program, Business and Economic Faculty Universitas Kristen Petra
Siwalankerto 121-13
Surabaya

Abstract
Personality traits are characteristics that frequently surface and describe the behavior of an individual, such as sensation seeking, locus of control, and ambiguity tolerance. The purpose of this study is to test the effects of personality trait towards financial risk tolerance in investors in Surabaya. Data is taken with purposive sampling technique through questionnaire given among the populace in Surabaya. Sample criteria is those who are in the working force, aged 18 to 55 years, and already had an investment for their future according to their risk tolerance. Data processing is done using SEM-PLS to 100 respondents. Study results have determined that sensation seeking and ambiguity tolerance significantly affects financial risk tolerance. Locus of control, however, do not affect investors- financial risk tolerance in Surabaya. This shows that a heightened stimulation in investors towards risk tolerance encourage them to act boldly on risks. Although, limited and unclear informations received by investors encourage the acceptance of ambiguity, hence creating a discomfort of uncertainty to the results achieved. Furthermore, the ability of self-control shows no relevance to financial risk tolerance. These condition shows all the more important are studies related to financial behavior, to better undertand personality traits of financial actors to minimize making a biased decision.

Keywords
sensation seeking, locus of control, ambiguity tolerance, financial risk tolerance

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/ZjMfdmbqLwtF

Corresponding Author
novita novita

Institutions
airlangga university

Abstract
The purpose of this study is to see the efficiency of the national zakat institutions in the collection of funds and distribution. IZI is one of the national zakat institutions which has branch office spread in Indonesia. IZI is spin-off from its parent organization which was originally only in the form of departmental zakat management units to become a new independent entity in the form of a foundation right on Heroes Day, November 10, 2014. The problem is how efficient is the institution of zakat when collecting zakat funds and channeling it. This research uses Data Envelopment Analysis (DEA) method. Input variables consist of receipts obtained by zakat institutions, while the output variables consist of expenditures for 8 asnaf and other expenditures. Data taken from IZI financial statements from 2016 to 2018. The results of this study addressed in 2017 and 2018 IZI in collecting and disbursing zakat funds and non-zakat funds have been efficient. Inefficiencies that occur in the year 2016 not optimal channeling of funds from IZI.

Keywords
Zakat;Efficiency;Performing;DEA,

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/P2vURB6rxbXp

Corresponding Author
Nuruddin

Institutions
a) Fakultas ekonomi dan bisnis, universitas Airlangga Surabaya.
*nuruddin-2017[at]pasca.unair.ac.id

Abstract
Abstract This research aims to confirm the support of Islam as a religion in the advancement of technology and innovation. The progress of science and technology has provided convenience and well-being for human life as well as a means for human perfection as a servant of God and His caliph. Allah has granted gifts to humans that are mutually complementary, namely the gift of religion (al imaan) and the ability of learning. The research is a descriptive qualitative study that applies a comparative method. Findings show, the Science and technology are two figures that cannot be separated. Science acts as a source of technology that provides the possibility of the emergence of various engineering inventions and ideas. The technology is the application of science that can be shown in tangible results and in a sophisticated way. The development of science encourages people to cultivate more advanced technology. In Islam, the philosophical foundations for developing science and technology can be studied and explored in the Quran and the hadith, as they cover many information that supports science and technology.

Keywords
Empowerment ; Innovation; Technology; Invention

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/xGPzZnkpbrDK

Corresponding Author
Tika Widiastuti

Institutions
a) Faculty of Economic and Business, Universitas Airlangga, Airlangga 4-6, Surabaya 60286, Indonesia
*tika.widiastuti[at]feb.unair.ac.id

Abstract
The purpose of this study is to analyze economic and entrepreneurship empowerment model in Hidayatullah Islamic boarding institution in East Java. By using qualitative approach with study case method, data analysis technique conducted is descriptive method, this is a pioneering study regarding entrepreneurship based economic empowerment model in Hidayatullah as a leading Islamic boarding institution and religious organization in East Java. This research found that Hidayatullah as Islamic boarding institution plays a role as not only an Islamic educational institution but also a society economic empowerment. It also increases economic independence by fostering entrepreneurial spirit among administrators and students. The existing model of entrepreneurship based economic empowerment in Hidayatullah is replicable in similar institutions.

Keywords
Model; Empowerment; Entrepreneurship;Islamic Boarding Institution

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/VHvL6rZ9qmTX

Corresponding Author
OCTYAN DANES SIREGAR

Institutions
Fakultas Ilmu Sosial dan Ilmu Politik Universitas Airlangga

Abstract
The Very Poor Household Jalin Matra Program implemented by East Java Provincial Government is the answer to all poverty problems in East Java Province. The high number of poor people in East Java is the main reason this program exists as a solution. This program provides assistance in the form of business capital to very poor heads of households. The purpose of this research is to examine to what extent the successful implementation of the program can improve the peoples welfare. The research method used is descriptive in a qualitative approach. This research applied William N. Dunns policy evaluation theory as the policy benchmark, to analyze evaluations that can be examined with the criteria of effectiveness, efficiency, adequacy, leveling, accuracy and responsiveness. The said policy evaluation theory is supported by Chambers Poverty Theory to explore more about the causes of the poverty. The evaluation of the very poor household jalin matra program took a case study in the village of Urek-Urek, Malang Regency, and happens to have only two criteria that went well, namely Efficiency and Responsiveness. Whereas the other evaluation criteria have not been fulfilled properly. Many things still need to be observed due too many shortcomings occured in the implementation of the policy programs. One example is the absence of a form of sustainability evaluation by the government in each village that receives assistance. The thing that has become the focus is the need for conformity of data that becomes a policy reference with the actual society conditions and conducts regular evaluation stages in each year of program implementation in the villages that become the policy targets.

Keywords
Evaluation of Jalin Matra Program, East Java Provincial Government, Poor Society

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/CLqkdNjTn34Y

Corresponding Author
Novi Darmayanti

Institutions
universitas islam darul ulum lamongan

Abstract
Abstract This study aimed to examine the effect of auditor experience, the pressure of obedience, and the complexity of the task of the audit judgment. Based on the results of the study are expected to provide an overview of the dynamics that occur in a particular public accounting firm audit the auditor in making a judgment. This study was a quantitative research using direct survey through questionnaires. The population in this study is the auditors who work in public accounting firm in Surabaya. Techniques used in sampling are random sampling. Collecting data using questionnaires that have been tested for validity and reliability levels. Data were analyzed using multiple regression analysis, F test, and T test. The results showed that: The auditors experience, Pressure observance experience, and complexity of the task experience has no effect on audit judgment.

Keywords
Auditors Experience, Obedience Pressure, Complexity Of The Task, The Audit Judgment.

Topic
Social and Economic Issues

Link: https://ifory.id/abstract/2GFzQhtakN4Z