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Analysis of the Effect of Funding Decision and dividend policy on the firm value and investment decision as mediation (Study on Manufacturing Companies in Indonesia Stock Exchange)
Sugeng Sulistiono, researcher, , Yusna Co-researcher 1

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Corresponding Author
Sugeng Sulistiono

Institutions
Politeknik Negeri Malang

Abstract
Investment decision is use the investment opportunities of the firm and the value of market capitalization with equity. Investment decision is utilized as the endogen variable that influenced by funding decisions and dividend policy as mediation to firm value. The aims of this study are to examine and analyze (1) the direct effect of financial decision and dividend policy on firm value (2) the undirect effect of financial decision and dividend policy on firm value, and investment decision as mediation variable. This study was performed on the firms listed in the Indonesia Stock Exchange (BEI) During 2014to 2017 period. The data collection was done by using purposive sampling while the population is chosen based on population criteria. The Firm involved as research sample and the number of research samples are 72 firms. The method of data analysis is multiple regression analysis and Sobel Test used to test for mediation variable. The research findings show that the undirect effect of funding decisios and dividend policy with investment decisions as mediation on firm value is significant.

Keywords
Firm Value, Investment decision, Financial decision, Dividend Policy

Topic
Financial Management

Link: https://ifory.id/abstract/PT7vZhtw8mKz


The effect of free cash flow and firm size to firm value and investment opportunity set as mediation variable (Study on Manufacturing Firms in Indonesia Stock Exchange)
Yusna, Sugeng Sulistiono

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Corresponding Author
yusna mizan

Institutions
Politeknik Negeri Malang

Abstract
The aims of this study are to examine and analyze ((1) the indirect effect of free cash flow on firm value through the mediation of investment opportunity set. (2) the indirect effect of firm size on firm value through the mediation of investment opportunity set. This study was performed on the firms listed in the Indonesia Stock Exchange (BEI) During 2014 to 2017 period. The data collection was done by using purposive sampling while the population is chosen based on population criteria. The Firm involved as research sample are the number of research samples are 72 firms. The method of data analysis is Path Analysis and Sobel Test that are used to test are mediating role of investment opportunity set variable. Research finding show investment opportunity set as mediation the effect of free cash flow and firm size to firm value is significant

Keywords
Firm Value., investment opportunity set, firm size

Topic
Finance

Link: https://ifory.id/abstract/VL7PwtqZRFJc


Analysis Of Performance Evaluation Of Regional Government Management In Supporting Digital Economic Era
Atik Andhayani (a), Sutrisno T (b), Ali Djamhuri (b), Rosidi (b)

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Corresponding Author
Atik Andhayani

Institutions
POLINEMA (a), Brawijaya University (b)

Abstract
In entering the era of the digital economy Indonesia accelerates its economic development wherein in this case Indonesia must utilize the existing potential both in terms of the potential of information and communication technology infrastructure as well as from human resources. The proportion of young people numbering more than 25% of the total 260 million people of Indonesia in 2017, the growth of Micro, Small and Medium Enterprises (MSMEs) supporting Gross Domestic Product (GDP) should be utilized specifically to accelerate regional development. Performance Evaluation of Local Government Organizations (EKPPD) can see readiness in supporting the era of the digital economy in the region. This research was conducted by means of quantitative descriptive statistical data about local government from the ministry and the Central Statistics Agency. The results showed that the value of EKPPD influences the readiness of the government especially the Human Development Index (HDI) and Indonesias economic ecosystem seen from the GRDP which supports regional fiscal dependencies. Regional readiness is also supported by human resources, infrastructure and society in facing the digital era.

Keywords
EKPPD, digital economy, accountability

Topic
Accounting

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


Vocational Accounting Education: Are We Producing Architect or Labour of Civilisation?
Ari Kamayanti

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Corresponding Author
Ari Kamayanti

Institutions
Politeknik Negeri Malang

Abstract
The aim of this article is to shed light on how vocational accounting education can produce architect of civilisation. Vocational studies are usually regarded as the producer of labours; a term now commonly known as factory teaching institution. The essence of education in any kind of studies, be it academics or vocational, is the same. It is the transfer of values, knowledge, and skill. Thus, the ability to apply accounting knowledge in vocational study, will be enhanced if students are taught to be contextually and spiritually aware. The creation of applied accounting can only bring welfare to civilisation if accounting is created with values suited to the users belief. Vocational accounting studies will therefore produce more than just labours, but architects of civilisation.

Keywords
Accounting education; civilisation; vocation

Topic
Accounting

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


EFFECT OF ENVIRONMENT, ENTREPRENEURSHIP INTENTIONS, AND ENTREPRENEURIAL ORIENTATION, TO THE ACHIEVEMENT OF STATE STUDENTS OF MALANG STATE POLITECHNIC ENTREPRENEURS WITH MOTIVATION AS AN INTERVENING VARIABLE
Ayu Sulasari

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Corresponding Author
Ayu Sulasari

Institutions
Business Administration
State Politechnic of Malang / Politeknik Negeri Malang
Jl. Soekarno Hatta no 9
Malang - Indonesia

Abstract
A persons achievement is influenced by several factors, both internal factors from and external factors. Entrepreneurial ability is also the case, there are many factors that affect ones ability to achieve entrepreneurial success. Malang State Polytechnic as an educational institution has an obligation to encourage students to become the winner, one of them is through the Entrepreneurial Student Program (PMW). The type of this research is quantitative research that aims to explain the relationship and influence between the environment, entrepreneurial intentions, and entrepreneurial orientation on the achievements of entrepreneurial students in State Polytechnic of Malang with motivation as an intervening variable. Research location in State Polytechnic of Malang, with sample of 188 entrepreneurial students in the PMW program for 2019. The sampling technique uses a census sampling with respondents drawn from the entire population. Data analysis uses SEM analysis. Independent variables in this study are the environment, entrepreneurial intentions, and entrepreneurial orientation. While the dependent variable in this study is the achievement of entrepreneurial students, with intervening variables is motivation. The results of this study indicate that the direct influence that the environment, entrepreneurial intentions, and entrepreneurial orientation, affect to achievement. Directly Influence that the environment, entrepreneurial intentions, and entrepreneurial orientation, affect to motivation. Indirectly Influence that the environment, entrepreneurial intentions, and entrepreneurial orientation, affect to achievement. through motivation as an intervening variable, and Motivation affect to achievement. Based on the results of this study, it can be concluded that the development of entrepreneurship programs in the State Polytechnic of Malang must be encouraged or provided support, building a conducive environment in terms of entrepreneurship, good facilities and infrastructure, as well as being proactive to develop networks. Entrepreneurship program can be applied to engineering and management program, so that it can encourage the growth of entrepreneurship programs in the Malang State Polytechnic.

Keywords
Entrepreneur, Entrepreneurship, Environment, Entrepreneurship Intentions, Entrepreneurial Orientation, Motivation, Achievement.

Topic
Entrepreneurship

Link: https://ifory.id/abstract/dPDVctz4QTgE


Measuring User Experience on Personalized Online Training System To Support Online Learning
Hakkun Elmunsyah, Wahyu Nur Hidayat, Saida Ulfa, Ence Surakhman, Rokhimatul Wakhidah

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Corresponding Author
wahyu nur hidayat

Institutions
Department of Electrical Engineering, Universitas Negeri Malang, Malang, Indonesia
Department of Electrical Engineering, Universitas Negeri Malang, Malang, Indonesia
Department of Education Technology, Universitas Negeri Malang, Malang, Indonesia
Department of Education Technology, Universitas Negeri Malang, Malang, Indonesia
Department of Informatics Engineering Politeknik Negeri Malang, Malang, Indonesia

Abstract
There is a paradigm shift in curriculum development and learning in 21st century universities. The curriculum is no longer organized in a separate but integrated manner or commonly referred to as transdiciplinary. There are several transdisciplinary learning strategies that need to be considered to be studied and developed as learning innovations. One strategy initiated through this paper is the Personlized Online Training System (POTS). POTS provides opportunities for students to search, process, analyze, interpret, and communicate data and information obtained on POTS media. The floating method used is 4D with four stages of development, namely define, design, develop, and disseminate. The research instrument used was a questionnaire with a Likert scale using the UEQ framework and conducted interviews with 22 system users. Result shows that user experience score, usability score, learning design validation score, and students response from the interview session indicate that the system is good; therefore, an improvement is needed.

Keywords
personalized learning, e-learning, peer learning, online course

Topic
Vocational Engineering and Technology

Link: https://ifory.id/abstract/9EPATpwdChfM


THE EXISTENCE OF INDONESIAN LOCAL ART CULTURE THROUGH DIGITAL BASED COMMUNITY MEDIA
Rocky Prasetyo Jati

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Corresponding Author
Rocky Prasetyo Jati

Institutions
Faculty of Communication Science,
Universitas Budi Luhur,
Jakarta, Indonesia

Abstract
The development of information and communication technology has brought a change in social life. That phenomenon also has an impact on the changes in the management strategies of the existing community media. The visible development of information and communication technology is also the development of the use of digital technology. Human innovation is currently focusing on electronic media which has been developed in the current digital age. The digital age is an era that leads humans to move from the use of analog technology in digital technology which is currently also rapidly growing with the convergence of Internet. During this period, conventional media or the traditional media acts as mass media delivered electronically. Local culture that has certain characteristics can be a product that has additional high value when it is adjusted to media development. Some efforts can be made to make community media as a mean to market local culture throughout the world. Those efforts can be made by incorporating local culture into the content of digital-based community media. Those efforts have been practiced by the cultural community: Paguyuban Kridho Laras Karawitan and Paguyuban Karawitan Renggo Budoyo in Klaten. They used Internet technology with Facebook and YouTube as the platform.

Keywords
existence, art, local culture, community media, digital technology

Topic
Information Communication Technology

Link: https://ifory.id/abstract/AaXp9fRurcmH


Corrosion Rate of Aircraft Component Type MD 80 On Fuselage Part Toward pH Effect
Noviana Utami C. S. (1*), and Rochmadi (2)

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Corresponding Author
Noviana Suhartaya

Institutions
(1). Aeronautica Studies Program, Sekolah Tinggi Teknologi Kedirgantaraan, Jl. Parangtritis Km. 4,5 Yogyakarta Special Region, Indonesia.
*noviana.utami[at]sttkd.ac.id

(2). Chemical Engineering Departement, Faculty of Engineering, Universitas Gadjah Mada, Jl. Grafika No. 2 Bulaksumur, 55281, Yogyakarta Special Region, Indonesia.

Abstract
Indonesia as one of the archipelagic countries with 16,055 islands and has been registered with the United Nations through the United Nations Conference on The Standardization of Geographical Names (UNCSGN) and United Nations Groups of Experts on Geographical Names (UNGEGN) certainly requires transportation facilities that can reach all areas of the country. The most efficient and effective mode of transportation to reach all the islands in Indonesia is aircraft. Along with the increasing number of users it will increase the number of requests in the level of comfort and safety of passengers, one of which is in the feasibility of an aircraft. The fuselage as one of the components of an open airplane will easily corrode. Where corrosion in the fuselage is a significant problem for commercial and military aircraft. This study aim to study the corrosion rate of aircraft metal components in the fuselage against pH variations. pH variations in this study were 3.4; 3.8; 4.4; 4.8; 5.4; 5.8; 6.1; 7.5; and 12 at fixed temperature of 30℃. This research method uses the weight loss method of aircraft metal components that are measured once every 1hour. The results of this study conclude that the corrosion rate of MD 80 type metal component in the fuselage section at a fixed temperature of 30℃ in a span of 12 hours showed less significant results. This might be due to the corrosion rate of metal components of airplanes running very slowly, so that in the span of 12 hours still not showing significant results.

Keywords
Corrosion Rate of Aircraft Component, Fuselage, pH

Topic
Mechanical Engineering

Link: https://ifory.id/abstract/4hEbVPkK6eLy


Development of Android-Based Mobile Learning Applications on Material Arithmetic and Logic Operations for Basic Programming Subjects
Wahyu Nur Hidayat, Miftahul Lubab, Mohamad Ifan Setiyawan, Tri Atmadji Sutikno, Rahajeng Kartika Sari

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Corresponding Author
wahyu nur hidayat

Institutions
Department of Electrical Engineering, Universitas Negeri Malang, Malang, Indonesia
Department of Network ENgineering, SMKN 10 Malang, Malang, Indonesia

Abstract
This study aims to develop an android-based mobile learning application on the basic programming subjects of class X. The method used is the ADDIE development method which includes stages (1) Analysis (Analysis), (2) Design (design or design), (3) Development (Development), (4) Implementation, (5) Evaluations. The results of this study are android-based learning applications on arithmetic and logic operations materials that apply the concept of challenges where the material being studied is divided into several levels which require students to complete the material at a certain level in order to be able to learn the material at the next level. The research instrument was in the form of a questionnaire consisting of three research variables namely material aspects, media aspects, and application functionality. The results of the application product feasibility on the material suitability aspects are 83%, the media conformity aspects are 82%, and the product functionality aspects of is 85%. Based on the results of the product development test, it can be concluded that this research product can be declared feasible to be used as a learning media in the learning process.

Keywords
mobile learning, basic programming, learning media

Topic
Vocational Engineering and Technology

Link: https://ifory.id/abstract/8jMdCe6LyKYJ


Speed Optimization of 1 phase induction motor in the process of filtering soybean pulp using PI control method
S Adhisuwignjo, D Dewatama, M Fauziah

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Corresponding Author
Denda Dewatama

Institutions
Electronics Department, State Polytechnic of Malang

Abstract
Tofu is one of Indonesias special foods made from fermented soybean juice. There are several processes in making tofu. One of them is the process of filtering the juice with soybean waste. The filtering process will determine the quality and quantity of tofu. The better filtering process, the more juice are produced. The purpose of this study is to improve the results of the soybean pulp filtering process. One way is to use an induction motor for a spinner filter machine with adjustable speed. To set the speed is using VSD as a motor driver. VSD output is a frequency that can be used to regulate the speed of the induction motor. Determination of motor speed is using the PI Ziegler-Nichols oscillation tuning method so that a stable motor rotation speed in 700rpm with number of Kp = 0.0108 and Ki = 0.083. Under research conditions 1 liter of soybean pulp can be needed for a spinner time of 27 seconds.

Keywords
Spinner, Soybean Pulp, PI Control, Induction Motor, VSD

Topic
Electronics and Microelectronics Engineering

Link: https://ifory.id/abstract/M7K6BdGDg9YP


Heterogeneous biocatalyst: Polyurethane Foam coating technique with co-immobilized lipase for bioflavor production
Dwina Moentamaria, Heny Dewajani, Achmad Chumaidi

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Corresponding Author
Dwina Moentamaria

Institutions
Chemical Engineering, State Polytechnic of Malang

Abstract
Bioflavor is an ingredient produced from the esterification reaction including free fatty acids and citronellol. Free fatty acids (lauric C12) can be obtained from the hydrolysis of coconut oil substrate. Both of these reactions use heterogeneous polyurethane foam (PUF) matrix catalysts which immobilize the lipase enzyme. PUF is used as an immobilized matrix, because it has characteristics as open cell, rigid, high porosity, consists of of the ether-, carbamate-, amide- groups , so it has the ability to absorb water-oil. PUF has been modified its surface structure by co-immobilized lipase coating technique to make it more hydrophobic / oleofilic. Co immobilized consists of a mixture of gelatine, lechitin, MgCl2. In this study, the PUF: co-immobilized ratio used is 1:10; 1:15; 1; 20; 1: 25; 1:30 (b / b) for the hydrolysis reaction. Characteristics of surface modification of PUF can be analyzed by SEM. The results of hydrolysis fatty acids are further reacted with citronellol with heterogeneous biocatalyst with a molar ratio of 1: 0.8; 1: 1; 1: 1,2; 1: 1,4; 1: 1,6. The modification results show a longer stability and can be reused, when compared to the free lipase. The resulting bioflavor had the highest citronellol conversion of 52,2%. Organoleptic test perceives the aroma of bioflavor to be softer than the strong aroma of citronellol.

Keywords
heterogeneus biocatalyst, polyurethane foam, coating, immobilized lipase, bioflavor

Topic
Chemical Engineering

Link: https://ifory.id/abstract/p6hwrYBgT7ca


The Antenatal Care parameter becomes the Risk factor on preeclampsia incident in primigravida
ST. Rahmawati Hamzah, Aminuddin, Irfan Idris

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Corresponding Author
St. Rahmawati Hamzah

Institutions
university of Hasanuddin

Abstract
research aimed at analyzing the antenatal care parameter which became the risk factor on the preeclampsia incident in the primigravida at kolaka Regency. This was the case control research namely the observational research namely the observational research using the retrospective approach. The research population was all primigravida pregnant women recorded in the medical record BLUD of H. M. Djafar Harun Hopital comprising 5,796 women and BLUD Benyamin Guluh Hospital comprising 5,065 women. The sampels in the case group were the primigravida women suffering from the preeclampsia from January 2014 to September 2018, and the control grup samples were the primigravida women who did not suffer from the preeclampsia in the same period. The research result indicates that the primigravida women of 14-28 years old have 1.581 times bigger risk to undergo the preeclampsia than 29-49 years old group. The hypertension incident in trimester 1 in the primigravida women have 3,405 times bigger risk to under go preeclampsia than the women who do not have the hypertension incident history in trimester 1. The irregular antenatal visits have 1,095 times bigger risk to under go the preeclampsia than the regular antenatal visits. The weight gain of 1-10 kg of the primigravida women have 1,540 times bigger to undergo the preeclampsia than the weight gain of 10-20 kg. the non-obedient primigravida women to undergo the pregnancy examination in accordance with the antenatal care service standard have 1,333 times bigger risk to undergo the preeclampsia than the obedient primigravida women to conduct the antenatal care examination. The most risky variable with the preeclampsia incident in the primigravida women based on the multivariate analysis is the variable of the hypertension incident 1 trimester 1 with the value of OR : 3.363 with the value of CI lower value of 3.363 and upper value of 5.318.

Keywords
Key words: Parameter, antenatal care, risk factor, preeclampsia

Topic
Maternal, neonatal and child health

Link: https://ifory.id/abstract/bUL8vEt9edpG


Thermal Effects on Sedimentary Rocks of Underground Coal Gasification Site on Musi Banyuasin (South Sumatera), Indonesia
Bagaraja Sirait

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Corresponding Author
Bagaraja Sirait

Institutions
Research and Development Centre For Mineral and Coal Technology (tekMIRA). Bandung

Abstract
UCG provides thermal effect on sedimentary rocks. Experiments on rocks, consisting of sandstone, siltstone and claystone are needed to study about their behaviour related to the effect of high temperature. The study aimed to investigate the behavior of the sedimentary rocks after heating and its influence on their strength. The experiments were carried out on laboratory scale. Rock specimens were heated at 50 – 6000C for 24 hours and tested with Uniaxial Compressive to determine the changes in rock strength. Measurements of geometric, density of the specimens and rock mass displacement analysis were performed. The specimens showed fractures because of the loss of water content. The most significant changes occured in sandstone specimens, the strength before heating was 15,64 MPa and increased to 41,70 MPa after heating. Claystone specimens was increased on the strength, from 6.76 MPa to 20.40 MPa. It revealed rock mass displacement 18.40 cm at the highest and 1.60 cm at the lowest (before heating). After heating, the rock mass obtained 9.45 cm (the highest) and 0.45 cm (the lowest). Results showed physical properties of specimens possed deflationary trends on their densities after heating treatment.

Keywords
thermal, sedimentary, rock,coal gasification, UCG

Topic
Mining Engineering

Link: https://ifory.id/abstract/JMYVyfb7NFpn


Measurement of Quality Services in The Laboratory
nugraha (a*), Dewi Shofi (a), Iyan Bachtiar (a), Chicha Nursagita(a)

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Corresponding Author
Nugraha Nugraha

Institutions
a) Department of Industrial Engineering Faculty of Engineering, Bandung Islamic University.
nugraha692016[at]gmail.com

Abstract
Abstract. The problem in this study is complaints about the quality of laboratory services in the Faculty of Engineering which were delivered by students through a pre-research questioner . This problem needs to be corrected by measuring the quality of laboratory services so that it can increase satisfaction from students. The purpose of this research is to find out student satisfaction with the quality of services in the Faculty of Engineering laboratory. The method used in this study is the Service Quality (SERVQUAL). The results of the research obtained using the SERVQUAL model, the lowest values for each dimension were obtained. Tangible ; laboratory room are clean, comfortable and spacious in accordance the standard national laboratory. Empathy ; Assistants the Laboratory gives attention and prioritizes. Responsiveness ; Assistants provide services quickly and precisely. Reliability ; The assessment process is an objective and transparant. The Assurance ; Assistant has the ability to answer all practical questions. The conclusion of the research that The priority to improve service quality the dimensions of tangible ; laboratory room are clean, comfortable and spacious in accordance the standard national laboratory.

Keywords
Services Quality, laboratory, SERVQUAL

Topic
Industrial Engineering

Link: https://ifory.id/abstract/Buq9QEYAUxcj


Level of Understanding and Awareness of Street Vendors Around UNISBA in Providing Halal Food as The Preparation of Halal Certification
Hirawati Oemar, Eri Achiraeniwati, Yanti Sri Rejeki, Anis Septiani

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Corresponding Author
Anis Septiani

Institutions
UNIVERSITAS ISLAM BANDUNG

Abstract
According to the research institute of the Halal Lifestyle and Consumer Studies (CHCS), 72.5% of Muslim communities are very concerned about halal food since it is an obligation as Muslims. UNISBA as one of the largest Islamic private institutions in Bandung has a role to help educate the surrounding community and all academicians about halal food, especially for the food suppliers around UNISBA, which is under the guidance of 3IKB. Based on the field survey, all street vendors (PKL) around UNISBA believe that the processed products they sell are halal. However, only 77% of sellers believe that the raw materials they use are labeled halal, yet they do not concern about the process of slaughtering animals they use. In addition, 20% of foot sellers do not buy from the same seller every time they buy raw materials. This shows that they still do not pay attention to the halal nature of the raw materials they buy, because they still have lack of understanding in halal products. Based on this, it can be seen that street vendors do not understand about halal products. Therefore, it is necessary to have socialization and assistance for all the street vendors in the 3IKB area to sell products that are guaranteed halal. Socialization and assistance are carried out by providing training on "Halal Food" which discuss a Muslim obligation in processing and consuming halal food. Other material delivered in the training is regarding "Guaranteed Halal Street Products" and "Training HAS 23000 MSMEs". Measuring the level of understanding and awareness of street vendors about the obligation to provide halal food is done using a pre / pre-training questionnaire and after / after training. The results showed that the level of participants knowledge about halal products increased from 96% to 100%; all participants stated that they needed to provide halal products. Contrary, participants- trust in products sold is halal decreased from 100% to 88%. Finally, the participants- knowledge of seeking halal certification, including the procedures, increased from Only 4% to 8%. All participants eventually agreed to get a Halal Guarantee Certificate (SJH). However, the participants face some constraints in filing halal certificates, namely the cost (68%), time (24%), procedures (28%) and others (4%).

Keywords
Halal food, street vendors, training, SJH, constraints

Topic
Other Related Topics

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


The model of the application of criminal sanctions in tackling acts of corruption through criminal money replacement
Ade Mahmud (a*), Dian Alan Setiawan (b), Eka Juarsa (b)

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Corresponding Author
Dian Alan Setiawan

Institutions
Faculty of Law, Bandung Islamic University
Jalan Ranggagading No. 8 Bandung 40116

Abstract
The implementation of sanctions against criminal offenses related to the protection of the convicted person and his contribution to recovering state losses which must be returned to the necessary model of corruption, which requires deterrent power and restoring the country. This research is intended (1) (2) To find an ideal model of imprisonment in dealing with corruption. This study uses a normative juridical approach that examines the principles of law, rules / norms, institutions and legal processes. The type of data used in this study is secondary data relating to primary legal materials such as the Criminal Law Act (KUHP), Law No. 31 of 1999 concerning Eradication of Corruption Crimes Jo Law No. 20 of 2001, Government Regulations, Supreme Court Regulation No. 5 of 2014 concerning Criminal Payment of Replacement Money in Corruption, Jurisprudence of the Supreme Court, International Conventions such as the United Nations Convention Against Corruption. The technique of collecting data in this study uses a literature study that is analyzing reading sources that analyze scientifically such as books, accredited Dikti scientific journals and Reputable International Journals. The analytical method used is qualitative. The results show that this research proves that this study proves that this study discusses financial problems related to financial problems related to financial problems relating to the state and an assessment of the state. 31 of 1999 concerning Eradication of Corruption Crime that provides an opportunity for convicted individuals to choose to pay money to support the court. In reality, the convicted person prefers prison sentences rather than paying the sum insured, as a result the state continues to suffer losses. The ideal model for applying money sanctions is to carry out a confiscation from the beginning if it needs money one month after the courts decision is legally binding (inckracht van bewisjde), to be implemented since the investigation is set up. This confiscation is an act in violation of the rules to break through rigidity in written law and anticipate that the money intended for money is not diverted to others and facilitates the prosecutor to request a guarantee for the settlement of the proceeds.

Keywords
Keywords: Criminal Sanctions, Corruption, Replacement Money

Topic
Law

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


Techno-economic Analysis of Methanol Plant Based on Gasification of Palm Empty Fruit Bunch
Rudy Heryadi

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Corresponding Author
Rudy Heryadi

Institutions
Soegijapranata Catholic University

Abstract
Biomass from palm empty fruit bunch is considered as potential renewable energy sources to be developed in Indonesia. Palm empty fruit bunch can be efficiently converted into valuable and useful Methanol product through gasification. Research about Methanol synthesis from various biomass has been done, however little research about Methanol production based on palm empty fruit bunch gasification have been found, and no research yet on techno-economic analysis of Methanol plant construction based on palm empty fruit bunch gasification. The purpose of this research is to find early stage feasibility of small scale Methanol Plant Model based on gasification of palm EFB. Method Methanol plant design, investment cost estimation, operating cost estimation, and calculation to estimate profitability in term of economic feasibility parameters. Economic analysis calculated that the total investment to build Methanol plant in this study was USD 87,508,479 with manufacturing cost per annum USD 6,127,014. NPV calculated was USD -51,721,064 and IRR at 1.1 %. Based on NPV and IRR value, the construction of Methanol plant is not feasible. Feasibility predicted to be obtained when the capacity of the plant increased fivefold.

Keywords
EFB, feasibility, methanol, profitability, simulation

Topic
Bioenergy

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


Characteristics of Concrete with Alternative Fine Aggregate in Acid Curing
Desi Sandy(a); Lisa Febriani(a); Herman Parung(b)

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Corresponding Author
Desi Sandy

Institutions
(a) Faculty of Engineering, Universitas Kristen Indonesia Paulus Makassar
(b) Departement Civil Engineering, Faculty of Engineering, Hasanuddin University

Abstract
One of the most widely used construction materials is concrete. Concrete technology is currently developing, one of which is looking for alternative materials concrete forming. This research focuses on the use of slag as a fine aggregate in concrete, especially in environments containing sulfuric and chloride acid. Observations were made by testing compressive strength, split strength, and flexural strength, with 171 cylindrical specimens and 27 sample beam specimens. The test results show that the relative percentage of compressive strength of normal concrete on H2SO4 curing against normal curing decreased 1.85% and 2.58% on HCL curing. The biggest reduction in the percentage of concrete compressive strength was found in 30% slag substitution with a value 8.42%, while the percentage reduction in the relative strength of the split strength concrete is found in concrete with a slag substitution of 35% with a value 9.26%. As well as the decrease in relative percentage of flexural strength was found in 35% slag substitution with a value 12.84%. Although there is a decrease in each characteristic of concrete, slag material can be used as a constituent for concrete under environmental conditions of sulfuric acid and chloride acid.

Keywords
Concrete, Characteristic, Slag, Sulfuric, Chloride

Topic
Renewable Energy

Link: https://ifory.id/abstract/yTtfL9wMYjVz


Agro-economic of Cocoa Plantation (Theobroma cacao L.) in Bua Ponrang and South Larompong, Luwu
Laode Asrul (a*), Yunus Musa (a), Hatrismini (b), Ashifa Cahyani Trisnaputri (a)

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Corresponding Author
Laode Asrul

Institutions
a) Departement of Agronomy, Faculty of Agriculture, Hasanuddin University
*otheasrul1963[at]yahoo.com
b) Agrotechnology Magister Program, Hasanuddin University
Jl. Perintis Kemerdekaan KM 10 Makassar, Indonesia.

Abstract
This study was conducted at Bua Ponrang and South Larompong, Luwu, South Sulawesi. This study aims to identify the cocoa cultivation characteristics and analyze the loss of income due to inappropriate input of fertilizer at the study sites. In this study, firstly, the data of cultivation characteristics and economic variables (productivity, market price, mixed costs) were collected from 112 farmers using a well-structured questionnaire. Then, the economic analysis was carried out by using NAIL (Net Agricultural Loss Income) analysis to evaluate the loss of income. The results showed that most of the local farmers were prone to use mixed cultivars (M01, S1, S2, 45 BB) as entres, mixed cropping system, 3 x 3 planting distance, and inorganic fertilizer input, and the majority of plant pests and diseases were Conomorpha cramerella, VSD, and rotten disease. The loss of income per productivity (t/ha) in Bua Ponrang were ranging from Rp.5,521,623 to Rp.12,360,859 respectively, while in South Larompong were ranging from Rp.7,313,180 to 10,885,499 respectively.

Keywords
cocoa, cultivation characteristic, income lost, NAIL

Topic
Agriculture system

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


Kinerja Lingkungan, Pengungkapan Lingkungan, dan Nilai Perusahaan: Studi Empiris Perusahaan Non Keuangan di Bursa Efek Indonesia
Mohamad Nur Utomo, Kaujan

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Corresponding Author
Mohamad Nur Utomo

Institutions
Fakultas Ekonomi, Universitas Borneo Tarakan

Abstract
Studi ini bertujuan menguji pengaruh kinerja lingkungan terhadap nilai perusahaan dengan pengungkapan lingkungan sebagai variabel mediasi. Sampel dalam studi ini adalah perusahaan non keuangan di Bursa Efek Indonesia yang mengikuti program penilaian kinerja lingkungan (PROPER) dari kementerian lingkungan hidup dan kehutanan. Metode analisis data menggunakan SEM-PLS dengan aplikasi WarpPlS 6.0. Hasil penelitian menunjukkan kinerja lingkungan berpengaruh positif terhadap nilai perusahaan dan pengungkapan lingkungan. Sementara pengungkapan lingkungan tidak berpengaruh terhadap nilai perusahaan dan tidak berperan sebagai mediasi pengaruh kinerja lingkungan terhadap nilai perusahaan. Secara keseluruhan hasil studi mendukung teori teori stakeholder dan teori RBV. Perusahaan yang berkomitmen ramah terhadap lingkungan dapat menjadi strategi dalam menciptakan nilai perusahaan yang lebih tinggi.

Keywords
kinerja lingkungan, pengungkapan lingkungan, nilai perusahaan, SEM-PLS.

Topic
Manajemen Keuangan

Link: https://ifory.id/abstract/4yHCh96xeMtc


Strategi Pengembangan Kewirausahaan
Danna Solihin (a*), Andi Indrawati (a), Sunarto (a)

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Corresponding Author
Danna Solihin

Institutions
a) Fakultas Ekonomi, Universitas 17 Agustus 1945 Samarinda
Jl. Ir. H. Juanda No. 80, Samarinda, Indonesia
*solihindanna[at]gmail.com

Abstract
Perlindungan dan pengelolaan lingkungan hidup yang baik merupakan salah satu program yang diamanatkan dalam Undang-Undang No.32 Tahun 2009. Limbah sampah plastik yang terus mengalami peningkatan setiap tahunnya menjadi permasalahan serius untuk keberlangsungan ekosistem alam. Tujuan penelitian ini adalah untuk menganalisis strategi pengembangan kewirausahaan Tryada Craft dalam pemanfaatan limbah sampah plastik menjadi produk kerajinan bernilai jual. Metode yang digunakan ialah analisis deskriptif melalui analisis SWOT dengan melakukan wawancara langsung kepada narasumber untuk menganalisis faktor-faktor internal dan eksternal guna mengidentifikasi kekuatan, kelemahan, peluang dan ancaman terhadap usaha tersebut. Hasil penelitian menunjukkan bahwa ketersediaan bahan baku yang mudah diperoleh memudahkan pengusaha untuk meningkatkan kegiatan proses produksi, akan tetapi kurang tersedianya modal usaha dan pemanfaatan media daring yang belum optimal dalam kegiatan promosi menjadikan produk tersebut belum memiliki banyak peminat, serta belum digalakkannya kegiatan pelatihan usaha dalam rangka peningkatan kualitas produk yang dihasilkan. Kemudian timbulnya persepsi negatif masyarakat terhadap produk berbahan dasar limbah masih menjadi ancaman untuk perkembangan bisnis ini kedepannya. Oleh karena itu, dukungan pemerintah terhadap kegiatan wirausaha ini diantaranya memberikan sosialisasi terhadap masyarakat terkait keamanan penggunaan produk daur ulang merupakan hal yang penting untuk dilakukan. Perkembangan kewirausahaan pengelolaan sampah plastik menjadi produk bernilai jual diharapkan dapat menjadi salah satu cara menekan jumlah limbah plastik sekaligus memberikan dampak terhadap pertumbuhan ekonomi masyarakat.

Keywords
Analisis SWOT; Limbah Plastik; Lingkungan

Topic
Manajemen Strategi

Link: https://ifory.id/abstract/dyHmVtX9LNJx


PEMBENTUKAN MODEL PREDIKSI KESULITAN KEUANGAN DENGAN INTELLECTUAL CAPITAL PADA PERUSAHAAN YANG BERGERAK DI SUB SEKTOR HOTEL, RESTORAN DAN PARIWISATA YANG LISTING DI BURSA EFEK INDONESIA PERIODE 2012-2018
M.Sienly Veronica

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Corresponding Author
M Sienly Veronica

Institutions
Manajemen, Universitas Kristen Maranatha

Abstract
Tujuan dari penelitian ini adalah membentuk model prediksi kesulitan keuangan berdasarkan modal intelektual pada perusahaan yang bergerak di sub sektor hotel, restoran dan pariwisata. Penelitian ini dilakukan untuk menghindarkan perusahaan-perusahaan tersebut dari kebangkrutan karena pada saat ini sektor pariwisata sedang mengalami perlambatan pertumbuhan bisnisnya. Dalam penelitian ini variabel independen yang digunakan adalah modal intelektual yang terdiri dari human capital efficiency (VAHU), capital employed efficiency (VACA) dan structural capital efficiency (STVA) dengan variabel dependen yang digunakan adalah kondisi perusahaan yang dibagi dua yaitu perusahaan yang tidak kesulitan keuangan dan perusahaan yang kesulitan keuangan. Teknik pengambilan sampel yang digunakan dalam penelitian ini adalah non probabilitas sampel dengan menggunakan purposive sampling sehingga sampel yang digunakan sebanyak 19 perusahaan yang bergerak pada sub sektor hotel, restoran dan pariwisata yang sesuai dengan kriteria yang telah ditetapkan dengan periode pengamatan dari 2012-2018. Metode analisis data yang digunakan adalah regresi logistik, hasil dari regresi logistik menunjukkan bahwa hanya variabel structural capital efficiency (STVA) yang dapat digunakan dalam pembentukan model prediksi kesulitan keuangan untuk perusahaan yang bergerak pada sub sektor hotel, restoran dan pariwisata. Berdasarkan hasil penelitian maka perusahaan-perusahaan tersebut diharapkan dapat meningkatkan sistem operasional prosedur, menggunakan teknologi yang mudah digunakan karyawan dalam memberikan pelayanan kepada konsumen dan membangun budaya kerja yang lebih baik sehingga perusahaan terhindar dari kesulitan keuangan.

Keywords
modal intelektual, kesulitan keuangan dan regresi logistik.

Topic
Manajemen Keuangan

Link: https://ifory.id/abstract/Dk8u6tRpCnmx


Disposition effect dan Momentum Saham-Saham Perusahaan Manufaktur yang Terdaftar Di Bursa Efek Indonesia
Widuri Kurniasari (a*), Nadya Ramadi (b)

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Corresponding Author
Widuri Kurniasari

Institutions
a) Prodi Manajemen - Fakultas Ekonomi dan Bisnis
Universitas Katolik Soegijapranata
Jl. Pawiyatan Luhur IV No 1 Bendan Duwur
Semarang 50234 - Indonesia
*widuri[at]unika.ac.id
b)Prodi Manajemen - Fakultas Ekonomi dan Bisnis
Universitas Katolik Soegijapranata
Jl. Pawiyatan Luhur IV No 1 Bendan Duwur
Semarang 50234 - Indonesia

Abstract
Disposition Effect is the tendency of investors to sell winners shares quickly and maintain lossers shares. The results of previous studies on the Disposition Effect do not showed the same conclusions. Therefore, this study will retest the disposition effect by using cumulative returns, market capitalization, average level of stock trading turnover, capital gain overhang on manufacturing company shares listed on the Indonesia Stock Exchange. Sampling using the method purposive sampling, namely manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2018 and actively trading. The number of samples in this study were 62 companies. Tests using multiple linear regression statistical analysis. When referring to Grinblatt and Han (2002) capital gain overhang is a key variable that creates the benefits of applying the momentum strategy. However, the results of this study do not provide enough evidence that shows the presence of the Disposition Effect and the Disposition Effect is not strong enough to encourage Momentum in manufacturing companies listed on the Indonesia Stock Exchange in 2018. So it can be concluded that this study does not have a Disposition Effect and there is not enough Disposition evidence the effect of driving Momentum.

Keywords
Cumulative Return, Average Stock Trading Turnover Rate, Market Capitalization, Capital Gain Overhang, Disposition Effect, Momentum

Topic
Manajemen Keuangan

Link: https://ifory.id/abstract/xtq9EZ4mQXUP


OPTIMALISASI PELAYANAN PUBLIK : STUDI EMPIRIS DI PEMERINTAHAN KOTA SERANG-BANTEN
Wawan Ichwanudin; Lutfi; Hayati Nupus

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Corresponding Author
Wawan Ichwanudin

Institutions
Universitas Sultan Ageng Tirtayasa

Abstract
Penelitian ini bertujuan untuk memberikan penjelasan tentang perbedaan hasil penelitian mengenai pengaruh antara perilaku berorientasi kekuasaan dengan kinerja penyedia layanan, kemudian menganalisis proses perbaikan pelayanan publik, serta menganalisis tentang peranan dari diskualitas pelayanan periferal pada institusi penyedia layanan publik. Ukuran sampel dalam penelitian ini adalah sebanyak 97 sampel, responden adalah yang bertugas memberikan pelayanan publik di wilayah pemerintahan daerah di Serang Banten. Pengujian model penelitian empiris menggunakan Structural Equation Modeling (SEM) dengan menggunakan software PLS. Temuan teoritis dalam penelitian ini adalah berhasil menjelaskan research gap hubungan kausal antara perilaku berorientasi kekuasaan terhadap kinerja penyedia layanan, menjelaskan peranan diskualitas pelayanan periferal dalam menjembatani hubungan kausal antara perilaku berorientasi kekuasaan terhadap kinerja penyedia layanan. Sedangkan temuan manajerial dalam penelitian ini adalah model optimalisasi peningkatan kinerja penyedia layanan publik di wilayah pemerintahan daerah di Serang Banten.

Keywords
Perilaku Berorientasi Kekuasaan; Diskualitas Pelayanan Periferal; Kinerja Penyedia Layanan Publik

Topic
Manajemen Strategi

Link: https://ifory.id/abstract/hx2Avk9Rug4e


PENGARUH BRAND IMAGE TERHADAP KEPUTUSAN PENGGUNAAN KARTU HALO
Ahmatang ; Nurjannatul Hasanah

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Corresponding Author
Ahmatang Ahmatang

Institutions
Universitas Borneo Tarakan

Abstract
Seiring dengan persaingan industri kartu seluler saat ini mengalami perkembangan cukup pesat. Perusahaan menggunakan berbagai strategi untuk merebut konsumen. Salah satunya dengan membuat brand image yang kuat sehingga menjadi top of mind di hati konsumen. Penelitian ini bertujuan untuk mengetahui pengaruh brand image terhadap keputusan penggunaan Kartu HALO di wilayah Tenggarong. Data penelitian ini diperoleh melalui observasi, interview dan hasil kuesioner yang disebarkan kepada responden. Temuan penelitian menunjukkan bahwa hasil pengujian regresi linear berganda maka diketahui bahwa variabel citra produsen, dan citra produk mempunyai pengaruh yang signifikan serta citra konsumen berpangaruh tetapi tidak signifikan terhadap keputusan Penggunaan Kartu HALO di wilayah Tenggarong. Berdasarkan hasil pengujian regresi maka dapat diketahui bahwa variabel yang paling besar pengaruhnya terhadap keputusan Penggunaan Kartu HALO adalah variabel citra produsen, alasannya karena memiliki nilai beta yang terbesar serta memiliki nilai probabilitas yang terkecil dari variabel lainnya. Dari hasil pengujian secara serempak ternyata hasil penelitian membuktikan bahwa semua dimensi (citra produsen, citra konsumen dan citra produk) dari variabel brand image secara simultan mempunyai pengaruh yang signifikan terhadap keputusan penggunaan Kartu HALO

Keywords
Citra produsen, citra konsumen dan citra produk, keputusan penggunaan

Topic
Manajemen Pemasaran

Link: https://ifory.id/abstract/AH3dKxEmYt69


PENGEMBANGAN KEWIRAUSAHAAN BERBASIS POTENSI LOKAL PADA USAHA KERAJINAN TANGGUI KELURAHAN ALALAK KECAMATAN BANJARMASIN UTARA KOTA BANJARMASIN
Fadma Yulianti; Rofiqah Wahdah

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Corresponding Author
Fadma Yulianti

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia (STIE Indonesia) Banjarmasin

Abstract
Penelitian ini bertujuan untuk mengidentifikasi karakteristik, potensi dan peluang pengembangan usaha, dan strategi yang dapat diterapkan untuk mengembangkan usaha kerajinan tanggui berbasis potensi lokal untuk meningkatkan keberhasilan usaha kerajinan tanggui di kelurahan Alalak kecamatan Banjarmasin Utara Kota Banjarmasin. Metode penelitian yang digunakan adalah metode penelitian deskriptif analisis, yang merupakan suatu metode penelitian untuk memperoleh gambaran mengenai situasi dan keadaan dengan cara memaparkan data yang diperoleh sebagaimana adanya yang kemudian melalui berbagai analisis dibuat beberapa kesimpulan. Aanalisis data dengan menggunakan matriks IFE (Internal Factors Evaluation Matrix) dan EFE (External Factors Evaluation Matrix) yang mengacu kepada pemaparan Hunger & Wheelen (2003). Hasil penelitian menunjukkan bahwa potensi/peluang yang ada pada kerajinan tanggui di kelurahan Alalak Selatan kota Banjarmasin dapat terlihat dari hasil IFE dengan nilai 3,20 dan EFE dengan nilai 3,10, sehingga pengrajin tanggui ini masuk dalam sel I yang berarti berada pada posisi bertumbuh dan membangun. Berdasarkan tahap masukan dan pencocokan, menetapkan tiga alternatif strategi pengembangan usaha yakni: 1). Penetrasi pasar; 2). Pengembangan/perluasan pasar; dan 3). Pengembangan produk. Sedangkan pada tahap 2 (Matching Stage) yang menggunakan matriks internal-external, selannjutnya pada tahap pengambilan keputusan (decission stage) dengan menggunakan matriks QSPM, maka dari ketiga alternatif strategi yang telah dipilih, mendapatkan nilai Pengembangan Produk memiliki Total Attractive Score (TAS) yang paling tinggi, yakni sebesar 7,25. Sehingga strategi inilah yang direkomendasikan dalam upaya pengembangan usaha kerajinan tanggui di Kelurahan Alalak Selatan Kota Banjarmasin.

Keywords
pengembangan, kewirausahaan, dan kerajinan tanggui

Topic
Kewirausahaan Dan Inovasi Bisnis

Link: https://ifory.id/abstract/7nW6xrG9ZNXf


Pengaruh Service Quality dan Harga terhadap Kepuasan dan Loyalitas Pelanggan Go-Jek di Samarinda
Nurfitriani, Adisthy Shabrina Nurqamarani, Eka Yudhyani

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Corresponding Author
Nur Fitriani

Institutions
Universitas 17 Agustus 1945 Samarinda

Abstract
Penelitian ini bertujuan untuk menganalisis pengaruh service quality dan harga terhadap kepuasan dan loyalitas pelanggan Go-Jek di Samarinda. Data yang digunakan dalam penelitian ini merupakan data primer yang diperoleh dari hasil jawaban responden melalui kuesioner yang disebarkan kepada 206 responden yang pernah menggunakan layanan Go-jek atau berlangganan pada layanan Go-Jek di Samarinda dengan menggunakan teknik convenience sampling. Metode pengujian statistik dilakukan dengan syarat uji validitas dan reliabilitas data dan analisis structural equation modeling (SEM) dengan menggunakan program AMOS 21 Hasil dari penelitian ini menunjukkan bahwa berdasarkan uji validitas dan reliabilitas data semua indikator dinyatakan valid dan reliabel, begitu juga dengan penilaian Goodnees of Fit yang menunjukkan model penelitian baik. Hasil penelitian menunjukkan pengaruh service quality dan harga terhadap kepuasan dan loyalitas pelanggan Go-Jek di Samarinda. Tiga hipotesis dinyatakan dapat diterima dan menunjukkan hasil yang positif signifikan atau terpenuhi, yaitu [1] Pengaruh Kepuasan Pelanggan terhadap Loyalitas Pelanggan sebesar 3,049 dengan nilai probability sebesar 0,002. [2] Pengaruh Harga terhadap Kepuasan Pelanggan sebesar 2,953 dengan nilai probability sebesar 0,003. [3] Pengaruh Kualitas Pelayanan terhadap Kepuasan Pelanggan sebesar 3,107 dengan nilai probability sebesar 0,002. Dua hipotesis dinyatakan tidak memiliki pengaruh signifikan atau tidak terpenuhi yaitu [4] Pengaruh Harga terhadap Loyalitas Pelanggan sebesar 1,884 dengan nilai probability sebesar 0,060 yang lebih besar dari significant alpha 5% atau 0,05, dan [5] Pengaruh Kualitas Pelayanan terhadap Harga sebesar 1,838 dengan nilai probability sebesar 0,066 yang lebih besar dari significant alpha 5% atau 0,05.

Keywords
kualitas pelayanan, harga, kepuasan, loyalitas

Topic
Manajemen Pemasaran

Link: https://ifory.id/abstract/HgUDea3xX4uJ


PERAN KEPUASAN MEMEDIASI PENGARUH KUALITAS LAYANAN TERHADAP WOM PADA PENGGUNA E-COMMERS TOKOPEDIA DI KOTA DENPASAR
Ade Chandra Devi Savitri, Dr. I Gusti Ayu Ketut Giantari, SE., M.Si

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Corresponding Author
I Gusti Ayu Ketut Giantari

Institutions
FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS UDAYANA

Abstract
Tujuan penelitian ini adalah untuk menjelaskan peran kepuasan pelanggan dalam memediasi kualitas layanan terhadap WOM. Lokasi penelitian dilakukan pada e-commerce Tokopedia di Kota Denpasar. Populasi dalam penelitian ini adalah masyarakat Kota Denpasar dan yang sudah pernah menggunakan e-commerce Tokopedia. Teknik penentuan sampling yang digunakan dalam penelitian ini adalah purposive sampling, dengan jumlah sampel yang digunakan sebanyak 120 responden. Teknik analisis data yang digunakan adalah analisis jalur (path analysis). Hasil penelitian menunjukkan bahwa kualitas layanan berpengaruh positif dan signfikan terhadap kepuasan pelanggan, kualitas layanan dan kepuasan pelanggan berpengaruh positif dan signfikan terhadap word of mouth konsumen, serta kepuasan pelanggan secara positif dan signifikan memediasi pengaruh kualitas layanan terhadap word of mouth. Implikasi penelitian ini Tokoedia perlu menyediakan produk sesuai dengan kebutuhan konsumen dan memberikan pelayanan yang cepat agar memapu meningkatkan WOM.

Keywords
kualitas layanan, kepuasan pelanggan, word of mouth

Topic
Manajemen Pemasaran

Link: https://ifory.id/abstract/BPN6a9ZGfJmu


Peran persepsi keadilan organisasional pada hubungan mobilitas internal karyawan dan kepuasan kerja: perspektif teori kesetaraan
Benediktus Margiadi

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Corresponding Author
Benediktus Margiadi

Institutions
Universitas Gadjah Mada

Abstract
Mobilitas internal karyawan dalam sebuah organisasi sering menimbulkan konsekuensi yang tidak diharapkan bagi kepuasan kerja karyawan. Tujuan paper ini adalah untuk memberikan gambaran hubungan mobilitas internal karyawan dan kepuasan kerja serta menjelaskan mekanisme bagaimana persepsi keadilan organisasional menguatkan atau melemahkan relasi tersebut. Keadilan organisasional dalam perspektif teori kesetaraan menyatakan bahwa persepsi keadilan dapat tercapai apabila timbul kesetaran antara rasio keluaran dan input yang diberikan oleh karyawan atau organisasi. Paper ini menekankan pada komponen dasar persepsi keadilan organisasional sebagai moderator relasi mobilitas karyawan internal organisasi pada kepuasan kerja dengan perspektif teori kesetaraan. Temuan paper ini adalah model konseptual pengaruh mobilitas internal karyawan pada kepuasan kerja karyawan dengan pengaruhg moderasi dari persepsi keadilan organisasional karyawan dengan menggunakan perspektif teori kesetaraan

Keywords
mobilitas internal, keadilan organisasional, kepuasan kerja, teori kesetaraan

Topic
Manajemen Sumber Daya Manusia

Link: https://ifory.id/abstract/PgpRNaqUu4jZ


Day-of-the-Week Effect on Foreign Exchange Market Volatility: Evidence From Indonesia
I Made Surya Negara Sudirman

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Corresponding Author
I Made Surya Negara Sudirman

Institutions
Faculty of Economics and Business Udayana University

Abstract
The study aims to examine and analyze the Day-of-the-Week-Effect (DOW) in the foreign exchange market. In his seminal paper, Cross (1973) founded that, on average, return are negative on Mondays and positive on Fridays, a phenomenon subsequently called DOW by several researchers. Until now, DOW has not been explained by conventional finance theories, so it is described as an anomaly. The existence of DOW also challenges the Efficient Market Hypothesis, so it becomes interesting to examine. The Generalized Autoregressive Conditional Heteroscedasticity method was used to test and analyze DOW in this study with the Bank Indonesia as the data source. The novelty in this study arise from DOW testing carried out over a long period of time (2000-2018) and testing conducted by forming sub-samples within that time period. The results of the study showed that there was a DOW in the foregin exchange market in Indonesia

Keywords
Day-of-The-Week-Effect; GARCH; Indonesian Stock Exchange

Topic
Manajemen Keuangan

Link: https://ifory.id/abstract/yZ4fbhzHq9ED


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