Indonesia Conference Directory

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

Link: https://ifory.id/abstract/b7ZdaxwMAPqX

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

Link: https://ifory.id/abstract/mt98Y2pndrR7

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

Link: https://ifory.id/abstract/jTGu3mW24Z9q

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

Link: https://ifory.id/abstract/hJdYHDucFkN8

Corresponding Author
Ayouvi Poerna Wardhanie

Institutions
Institut Bisnis dan Informatika Stikom Surabaya

Abstract
This study aims to determine how the use of internet media in Micro Small and Medium Enterprises (MSMEs) in East Java to permeate the global market with the O2O Method. MSMEs are a business activity that plays a major role in the economic development of a nation, but one of the obstacles in the development of MSMEs, especially in Indonesia, is that many business people are still reluctant to recognize internet technology, whereas by utilizing information technology and internet networks that are increasingly easy to reach and use can help develop businesses many times. Therefore, this research is expected to contribute in identifying ownership of internet facilities and infrastructure in MSMEs, the perception of MSMEs on the usefulness of information technology in their businesses, and the interest and mastery of MSMEs entrepreneurs in adopting the internet for business development in the global market. The analytical method used is descriptive statistics, with the questionnaire as an instrument form. The number of samples in this study was 102 MSMEs in East Java, especially in the fields of trade, hotels, and restaurants. The results of this study are 87% of MSMEs have not utilized Marketplace, 79.41% of MSMEs have not utilized E-Commerce, 82.35% of MSMEs have not utilized Crowdsourcing, as many as 78.14% of MSMEs have not marketed their business through social media, so that it can be concluded that MSMEs in East Java is not ready to penetrate the global market due to the internet media has been used so far, most of them are only used as personal communication tools.

Keywords
MSMEs, O2O Method, Internet, Global Market, East Java

Topic
Management, Enterpreneurship, and Leadership

Link: https://ifory.id/abstract/kCFpXxALg2uQ

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

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

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

Link: https://ifory.id/abstract/JG3B7yxXqv4t

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

Link: https://ifory.id/abstract/hNfa9X4PEYmc

Corresponding Author
Heny Kusdiyanti

Institutions
Faculty of Economics, Universitas Negeri Malang

Abstract
Human resource development can be done by various step such as improvement of quality education especially model and learning methode. The Filling Subject is the important thing to increase the competitiveness of student at Vacational Hight School especialy Administration Department. Today teachers just have conventional methode to deliver their knowledge. Therefor student hard to understand the knowledge that delivered by teacher. Indonesia-s government have launced policy that called Making Indonesia 4.0 againts this global era. Blended Learning is one of the effective methode to deliver knowledge to students because this methode make student understand easily. Augmented Reality is one of the technology that can be collaborated with Blended Learning. This study purposed to create modul based on Augmented Reality as Blended Learning implementation in Filling Subject at Vocational Hight School Malang Regency. The study method modified from research and development models that called 4-D (define, design, develop, and disseminate). This study using quantitative dan qualitative data that collected from questionnaire. The questionnaire will be given to the material expert, the media expert and the students in Administration Departement at Vacational Hight School Malang Regency. The result of this study are: 1) product has been validate by the material expert of Filling Subject; 2) product has been validate by the media expert of Augmented Reality; 3) product has been implemented with Blended Learning Model to the Administration Departement Student in the Vacational Hight School Malang Recency and succeed to increase their competence in the Filling Subject. The implementation of Blended Learning for Augmented Reality suggested to be implemented in the other learning subject because it is very effective to increase the student competitiveness and make learning that done by teacher more easily.

Keywords
Augmented Reality, Blended Learning, Filling Subject, Module, Vacational Hight School.

Topic
Education Management and Learning Innovation

Link: https://ifory.id/abstract/GR7HeTjfgmaA

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

Link: https://ifory.id/abstract/R7MpA29LJ4bj

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

Link: https://ifory.id/abstract/GWeVmMb3D7gN

Corresponding Author
Hujjatullah Fazlurrahman

Institutions
Universitas Negeri Surabaya

Abstract
Employees become movers in all types of businesses. Good or bad depends on the job performance of its employees. Therefore, managers are currently starting to discuss investments that consist of coaching for employees. Intense inter-company relations, so that inter-company relations will affect his work and will have an impact on his Job performance. For the sake of hope is to improve employee performance and development. the purpose of the research is to find out the effect of coaching on the job performance that is moderated by co-worker support. This study discusses the relationship between providing coaching to XYZ employee job performance in a company that is moderated by co worker support. This study will explore the exploration of training provided to employees. The sample size of this study is 80 employees and author use PLS (Partial Least Square) to measure the research model. The results of the study explain significant coaching on job performance. However, mentoring is moderated by the support of coworkers is not significantly approved for job performance..

Keywords
Coaching, Co-working support and job performance

Topic
Management, Enterpreneurship, and Leadership

Link: https://ifory.id/abstract/y9KCmPtwAYEg

Corresponding Author
Diana Ambarwati

Institutions
Economy Faculty, Islamic University of Kediri
Economy Faculty, Malang State University

Abstract
This study aims to determine the potential problems and solutions in community empowerment based on tourist villages and excellence with the existence of “Jamu” Tourism Village in Kampungdalem Village, Kediri City. The approach used is the Participatory approach. The main techniques of data collection are done through observation techniques (both physical data observation and observation involved), focus group discussions (FGD) and surveys directly to respondents from May to July 2019. Physical observation to find out problems in community empowerment based on “Jamu” Tourism Village. While observation is involved to identify solutions and benefits or advantages of “Jamu” Tourism Village. The sample location of this study focused on RW 02, Kampungdalem Village, Kediri City. Identification of problems including residents having various fields of business other than herbal medicine, the quality of diverse tastes of each herbal medicine manufacturer, and the existence of an icon of Child Friendly Village before the existence of “Jamu” Tourism Village. The solution to this problem is the need for moral and material encouragement for people, the assistance and supervision of all herbal medicine producers, and uniting different icons into one interesting treat. The advantages are mature concepts based on clusters, variations of various processed herbal products, renting costume sellers and supporting properties, opening jobs and reducing crime rates and preserving the nations culture while maintaining a healthy body.

Keywords
Community Empowerment, Tourism Village, Increased Potential, Traditional Herb

Topic
Marketing, International Business and Tourism

Link: https://ifory.id/abstract/cX9EFRCJHNV7

Corresponding Author
Noorlailie Soewarno

Institutions
a) Faculty of Economics and Business, Airlangga University
Jl. Airlangga No 4 sd 6, Surabaya 60286
*noorlailie-s[at]feb.unair.ac.id
b) Faculty of Economics and Business, Airlangga University
Jl. Airlangga No 4 sd 6, Surabaya 60286

Abstract
This study aim to prove the impact of competitive pressure and innovation capability toward business performance. Furthermore this study also explore the impact of competitive pressure toward business performance through innovation capability as mediating variable. 254 Small Business Company involved in this research as correspondents. The data for this study is collected using questionnaire, and analysed using SEM-PLS. The result of the study shows that 1) competition pressure influences business performance, 2) competition pressure also influences Innovation Capability. 3) The results of the study also showed that innovation influences business performance. 4) Innovation Capability has a partial mediating role to the effect of competitive pressures on business performance.

Keywords
Competitive Pressure; Innovation Capability; Bisnis Performance

Topic
Management, Enterpreneurship, and Leadership

Link: https://ifory.id/abstract/JHLaX7NkghQ9

Corresponding Author
Syifaul Lailiyah

Institutions
Faculty of Public Health, Campus Banyuwangi, Universitas Airlangga, Indonesia
*syifaul.lailiyah[at]fkm.unair.ac.id

Abstract
Evaluation of the implementation of public services must be done to improve the quality of services. Customer satisfaction is a way to evaluate the delivery of public services. Hospital must conduct a customer satisfaction survey at least once a year based on regulations in Indonesia. This study aims to measure customer satisfaction of service at The District General Hospital Banyuwangi, East Java, Indonesia. This research is observational through a survey in the Outpatient Unit, Inpatient Unit, Emergency Room Unit, and Pharmacy Unit of Blambangan District General Hospital Banyuwangi, East Java Indonesia. The number of visits in 2017 was 149,340 patients, so the sample size based on the Morgan and Krejcie sample tables is 384 patients. Sampling uses proportional random sampling. Data were analyzed descriptively. All units in Blambangan District General Hospital have CSI values with the good category with the following details. The CSI of the Outpatient Unit value is 76.18, Inpatient Unit is 80.38, Emergency Room Unit is 78.01, and Pharmacy Unit is 81.80. The highest weighted value is implementing competency (0.363), while the lowest value is handling complaints and suggestions (0.337). The CSI of District General Hospital is 79.09 (Good).

Keywords
Customer Satisfaction Index; District Hospital; Banyuwangi Indonesia

Topic
Quality Management and Economic Development

Link: https://ifory.id/abstract/Np2G3mzQTJbE

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

Link: https://ifory.id/abstract/GcKb8EaH4MDk

Corresponding Author
Mochammad Arif Budiman

Institutions
Prodi Akuntansi Lembaga Keuangan Syariah, Politeknik Negeri Banjarmasin

Abstract
South Kalimantan has basically a great potential for halal tourist destinations, but this potential has not been developed adequately. The aim of this study is to reveal the potentials of halal tourism in South Kalimantan and to determine the readiness in developing the province as a favorite halal tourist destination in Indonesia. The study was conducted with a qualitative approach and analyzed using the descriptive-analytic method. It is found from the study that South Kalimantan has the splendor of religious, natural, historical as well as shopping and culinary tourist destinations. All this provide a big opportunity for the province to attract both domestic and overseas visitors.

Keywords
halal tourism, river city, tourist destination, Indonesia

Topic
Marketing, International Business and Tourism

Link: https://ifory.id/abstract/k6HBuEWNeCzp

Corresponding Author
Wening Patmi Rahayu

Institutions
Faculty of Economics
Universitas Negeri Malang

Abstract
The purpose of this research and development is to produce products in the form of HOTS-oriented assessment instruments for General Administration subject, Basic Competencies 3.10 Implementing Communication in the Workplace and 3.11 Implementing Procedures for Simple Financial Records in Class X OTKP and to determine the feasibility of HOTS-oriented assessment instruments through expert validation by meeting valid or feasible criteria. Research and development were carried out by adapting the Research and Development (R&D) method by Borg & Gall. Validation results by content experts obtained an average percentage of 91%. The results of validation by construction experts reached 94%. Meanwhile, the results of user responses reached 86.17%. From the results of expert validation and user responses, the HOTS-oriented assessment instrument is very feasible so that it can be used as a guide and reference for developing similar products by General Administration subject teachers.

Keywords
assessment instruments, higher-order thinking skills

Topic
Economics Education and Accounting Education

Link: https://ifory.id/abstract/Ku6DjfBVTwhX

Corresponding Author
Eva Oktavini

Institutions
(a*) Department of Accounting, Faculty of Economics and Business, University of Indonesia
elvia.shauki[at]icloud.com
(b) Accounting Science Graduate Program, Department of Accounting, Faculty of Economics and Business
(c) Accounting Science Graduate Program, Department of Accounting, Faculty of Economics and Business

Abstract
Digital disruption is coming not only to large-sized companies but also to micro business, small and medium enterprises (SMEs). Their challenges and strategies facing the disruption technologies are the themes of this paper. This type of business is in highly demand to more fully embrace towards Information and Communication Technology (ICT) and e-business/e-commerce as it involves large number of buyers, sellers, innovators, and importantly large number of employees too (Taylor and Murphy 2004). E-Business or e-commerce is known as a way of building international competitive advantage and it is expected in generating economic dynamism, growth and jobs According to new research conducted by Ricoh South Africa, SMEs are in danger of failing if they dont adapt to digital disruption, regulatory requirements and the economic shifts that are fundamentally changing their markets (Entrepreneur SA, 2019). A case study in empowering the Value Added of the Traditional Flower Market located in Cikini, the Centre of Jakarta, Indonesia was conducted by applying Participatory Action Research (PAR). PAR is an approach to research involving communities (everyone involved in the process) that emphasizes participation and action. It seeks to understand what the communities are doing by trying to change it, collaboratively, and following continuous reflection. The following research questions were addressed in the study: (1) How are SMEs engaging in e-commerce and e-business; (2) What deters SMEs from adopting; e-commerce and e-business techniques? (3) What factors create successful e-enterprises; and (4) Does e-business bring the economic rewards everyone is after (the competitive advantage debate)? The study finds that though e-business has brought a new promising era, a new competition era, and economic benefits to those who are involved, however there are some deterrence that hinder the process. Human and financial capital are the key success for the SMEs. SMEs must actively seek closer customer relationships by using a better technology to facilitate and inform their products and services continuously. SMEs must apply a better and smarter technology to reshape the processes, improve a better service and more efficiencies. SMEs must adopt full potential of talented young individuals using technology to empower employees and the e-business.

Keywords
Keywords: Micro business, small and medium enterprises, digital disruption, disruption technology, e-business, e-commerce, participatory action research, and empowering value added.

Topic
Education Management and Learning Innovation

Link: https://ifory.id/abstract/3PYm4fpbneau

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

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

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

Link: https://ifory.id/abstract/hZgby9UPe4AV

Corresponding Author
Priska Vasantan

Institutions
Sekolah Tinggi Ilmu Manajemen Shanti Bhuana

Abstract
The purpose of this paper is to discuss how knowledge transfer in improving business in Bengkayang district. Information management is one of the things that must be faced by disadvantaged regions, especially in Industrial Revolution 4.0. Bengkayang District is one of the areas directly adjacent to Malaysia so there are many cross-country businesses. In this era of industrial revolution, the Government has the program making Indonesia 4.0 that is ranked as the 10th largest economist in the world. One factor that needs to be improved is the quality of human resources. However, the quality of the resources owned by Bengkayang district is minimal because of the lack of education quality. This research was conducted based on observations and in-depth interviews at an elementary school located in one of the villages in Bengkayang district. The results of this study are the quality of human resources is very influenced by the quality of education and the quality of education is strongly influenced by the process of knowledge transfer applied in schools.

Keywords
Knowledge Transfer, Industrial Revolution 4.0, Making Indonesia 4.0, education, quality of human resources

Topic
Education Management and Learning Innovation

Link: https://ifory.id/abstract/NFuCJZ82BAtE

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

Link: https://ifory.id/abstract/gPhn3QFCdwYD

Corresponding Author
YOGI SATRIO

Institutions
Universitas Negeri Malang

Abstract
The experiential learning process is a relevant method used to enhance understanding of the field and the critical thinking skills of learners. Futher more, technological developments improve students learning needs. In this case, learners are required to be able to learn and work dynamically by combining the concept of critical thinking and the way of life as demand for the 21st century. Therefore, dynamic learning and the ability to improve the cognitive and collaborative abilities of learners in their interactions with the environment and all changes are indispensable. This research aims to spread the educational game quiz Assistance to create fun and dynamic learning for students. In addition, developed media is expected to improve cognitive ability and critical thinking learners, especially in higher education. The development of this educational game is done in the economic field so that the material to be presented is a basic course of economics faculty. To measure the success of this game-based learning, researchers used 100 samples from three majors (development economics, management, and accounting). This method of analysis uses the method of gain-scores, where the learning outcomes of experimental class with learning game treatment and control class learning outcomes are examined and analyzed to determine their effectiveness. Results from analyses showed that use of game-based learning is highly effective for improving learning outcomes.

Keywords
Technology, educational game, game based learning, gamification learning

Topic
Economics Education and Accounting Education

Link: https://ifory.id/abstract/3JA6uN8rpwGC

Corresponding Author
Emma Yunika Puspasari

Institutions
UNIVERSITAS NEGERI MALANG

Abstract
The institutional economics perspective, the local wisdom paradigm, the qualitative-interpretative paradigm, is used to conceptually reconstruct the existence of institutional economics and local wisdom of the coastal community of Muncar Banyuwangi village. The life of the coastal community of Muncar has redefined the existence of the coastal economy in an evolutionary manner. This coastal community has a different typology from spaces whose cultural wisdom identities become local identities. The community group has a different economic culture that is influenced by institutions and norms, power structures, community tacit knowledge of the coastal and marine environment ,. Coastal community stereotypes emerge in regulating and managing the area and the community uses a lot of power structure in the management of harmony with nature (the sea). Forms of management that are formed through local economic institutions, among others, appear in the division of tasks, collateral cooperation (horizontal) with dependence on others (mutual cooperation) and strengthening the norms and social values that apply in this society. This new local paradigm gave birth to the transcendental behavior of the people inherent in the economic activities of catching and processing sea fish. The coastal area which is a fish production center is dominated by traditional capture fish processing with a natural management system.

Keywords
Institutional Economics, Local wisdom paradigm, Coastal communities

Topic
Quality Management and Economic Development

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

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

Link: https://ifory.id/abstract/TFmwfny7WHcZ

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

Link: https://ifory.id/abstract/fYmcyhutxA3b

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

Link: https://ifory.id/abstract/MAFHYQG23b7c

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

Link: https://ifory.id/abstract/NeYmAQF9JBxW

Corresponding Author
Rauly Sijabat

Institutions
Universitas PGRI Semarang

Abstract
Employee turnover is the problem that is often faced by many companies. Turnover effects on companies that tend to lead to losses as well as the results of inconclusive studies on variables that explain turnover intention, encourage many studies to conduct the study on turnover intention. However, studies that compare turnover intention between male and female employees on the model developed are still very limited. These empirical and theoretical findings direct this study to conduct comprehensive study by developing turnover intention model and to conduct comparative studies on male and female employees. The study was conducted on male and female employees in various industries. Interviews using questionnaires are data collection techniques used in this study. The acquisition of the data is used to test the model, the influence among variables and comparative studies using AMOS as the statistical approach. The results of the study show that turnover intention in women is higher than that of men. The high turnover intention in women is caused by the decrease in organizational commitment due to the increase in job stress.

Keywords
workload, work family conflict, job stress, organizational commitment, turnover intention

Topic
Management, Enterpreneurship, and Leadership

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