Perbanas International Seminar on Economics, Business, Management, Accounting and IT

CAUSALITY OF ECONOMIC GROWTH AND EMPLOYMENT IN YOGYAKARTA SPECIAL REGION 2001-2020

2024-01-15T10:58:15+07:00

Abstract – This study aims to determine the causality pattern between Employment and Economic Growth in the Special Region of Yogyakarta from 2001-2020. The data used in this study were obtained from BPS (Central Bureau of Statistics) Yogyakarta Special Region. The research method used is the Granger causality test. The test results show that in the Special Region of Yogyakarta there is a one-way causality pattern, namely Economic Growth affects Employment, but Employment does not affect Economic Growth. This result shows that the process of economic growth in the Special Region of Yogyakarta over time has been conducive to Employment, so it can be a solution to the employment problem in the region. The fact that Employment does not affect economic growth suggests that there may be a problem with the productivity of the labor force, which is most likely in the agricultural sector.

Keywords: Granger Causality, Employment, Economic Growth

CORPORATE GROWTH AND ENVIRONMENTAL PERFORMANCE ON COMPANY VALUE: THE MODERATION ROLE OF TAX PLANNING ON INFLUENCE

2024-01-15T11:08:59+07:00

Abstract – Firm value is important for investors because it provides an overview of the condition of the company's stock market and the basis for investing capital to obtain profits. The study’s goal was to determine the moderating role of tax planning on the effect of company growth and environmental performance on firm value. This research uses a quantitative approach with a moderated regression model. The purposive sampling technique to obtain 53 data on the annual financial statements of mining companies listed on the Indonesia Stock Exchange during six years. Moderate Regression Analysis to analyze the data. The results explain that firm growth does no effect on firm value, environmental performance has a significant effect on firm value, tax planning doesn’t moderate the effect of company growth on firm value, while tax planning significantly moderates the effect of environmental performance on firm value. Moderation type is quasi moderation. The research urgency that mining companies are synonymous with natural exploitation, the company pays taxes as liability for damages compensation. The company will respond it by tax planning. Research about the effect of environmental performance on firm value moderated by tax planning is limited, so the results of this study will enrich existing references.

Keywords: Firm Growth, Environmental Performance, Firm Value, Tax Planning, Mining Companies

THE EFFECT OF MURABAHAH, MUSYARAKAH AND MUDHARABAH FINANCING TO THE PROFITABILITY LEVEL OF SHARIA COMMERCIAL BANKS IN THE 2015-2019 PERIOD

2024-01-15T11:22:19+07:00

Abstract – The purpose of this study is to analyze the Effect of Murabahah, Musyarakah and Mudharabah Financing on Profitability Levels in Islamic Commercial Banks. The method used in this study is a quantitative method with secondary data. In this study, data were obtained from quarterly Islamic financing reports and quarterly reports of Return on Assets at the Financial Services Authority for the 2015-2019 period. Output data in this study were processed using the Stata application version 12.0. Based on statistical tests, this study shows that murabahah and musyarakah financing in Islamic banking do not have a significant positive effect on the profitability of Islamic banks, while mudharabah financing Islamic banking has a significant positive effect on the profitability of Islamic banks. The results of the study simultaneously show that murabahah, musyarakah and mudharabah financing have a positive and significant effect on the profitability of Islamic banks. Based on the results of the R Squared test, the magnitude of the influence of financing on the profitability of Islamic Banks is 74.32%.

Keywords: Murabahah, Musyarakah, Mudharabah, Profitability, Return on Assets

ENERGY USE, ECONOMIC GROWTH, TOURISM ON CO2 EMISSIONS: SPATIAL ANALYSIS

2024-01-15T11:38:28+07:00

Abstract -- High environmental pollution and increasing development in several industrial sectors, such as the tourism industry, are used as one of the drivers of the economy in a country, but this raises problems, namely as one of the causes of increasing global CO2 emissions. There is an increase in CO2 emissions, and this occurs due to the use of energy, one of which is transportation. Therefore this research was conducted to analyze the spatial autocorrelation between energy use, economic growth, tourism and CO2 emissions. Using cross-sectional data from 51 countries that have joined the Organization of Islamic Cooperation (OIC) in 2021. The results show that there is a significant and positive spatial dependence between CO2 emissions between these countries which tend to have a clustering pattern. Then the Spatial Error Model (SEM) regression results show that spatially the variables of energy use, economic growth and tourism have a significantly positive effect on CO2 emission variables. Based on this research's results, several proposed policy implications exist to improve environmental quality.

Keywords : energy, economic growth, tourism, spatial

CONSEQUENCES OF AUDIT JUDGMENT WITH AUDIT FEE

2024-01-11T13:02:57+07:00

Abstract – This research aims to obtain empirical evidences on the effect of Competence, Task Complexity, and Work Experience on Audit Judgment with Audit Fee as a Moderating Variable. This is a quantitative research conducted by distributing questionnaires and sending emails to some registered public accounting firms to be filled by auditors in April 2023. There are 43 Public Accounting Firms (KAP) located in 8 provinces in Indonesia were obtained who were willing to provide answers. 162 auditors of 43 Public Accounting Firm filled the questionnaires. The researcher used PLS SEM version 3.0. The results of this study found that competence has a positive and significant effect on audit judgment, and task complexity has a positive but not significant effect on audit judgment. Then, work experience has a positive and significant effect on audit judgment. As for other findings, audit fees weaken the relationship between competence and audit judgment, and audit fees strengthen the relationship between task complexity and audit judgment, as well as audit fees strengthen the relationship between work experience and audit judgment. This research focuses on the factors that influence audit judgment. This study adds audit fee as a moderation variable and to the author's knowledge, the author believes that this research presents the latest evidence of audit fee as a moderation variable and focuses on auditors working in the registered Public Accounting Firms.

Keywords: Competence, Task Complexity, Work Experience, Audit Judgment, Audit Fee

THE MODERATION ROLE OF TAX PLANNING ON THE EFFECT OF DIVIDEND POLICY AND ENVIRONMENTAL COST ON FIRM VALUE

2024-01-15T11:58:14+07:00

Abstract – The purpose of this study is to examine the moderating role of tax planning on influence dividend policy and environmental costs on firm value. The research used a quantitative approach with a moderated regression model. The population is mining companies listed on the Indonesia Stock Exchange (IDX) in 2017-2022. Authors used purposive sampling method, in order to obtain 58 mining company annual financial report data. Moderated Regression Analysis to analyze data. The results of this study are dividend policy has no effect on firm value, environmental costs have an effect on firm value, tax planning cannot moderate the effect of dividend policy and environmental costs on firm value, tax planning is proven to be an independent variable that can affect the firm value. The urgency of research is that mining companies are a sector that has a major impact on the environment, so it is necessary to budget for environmental improvement. Thus, it is important to examine the impact of environmental costs on company value, especially the mining sector. References regarding the influence between variables and moderating role of tax planning like this study are still limited, so it is hoped that these results will serve as a preliminary reference.

Keywords: Dividend Policy, Environmental Costs, Firm Value, Tax Planning

DEVELOPING DIGITAL CONTENT MARKETING MEASUREMENT USING VALUE PERCEPTION APPROACH

2024-01-15T12:07:33+07:00

Abstract – Despite the rising trend of digital content marketing (DCM) use by firms to increase customer engagement and loyalty, researches related to DCM is still lacking and lagging. Consequently, existing approaches in measuring DCM performance are considered as incomprehensive and ineffective. Measurement that is able to identify values perceived by consumers are required to effective DCM campaign performance. This research adopted integrative literature review method to synthesize previously related concepts. This research aims to develop a more comprehensive measurement for DCM performance which captures consumer value perception of DCM campaigns. The results produce four dimensions of value-based DCM measurement, which is informative value, emotional value, functional value and social value. Furthermore, this research proposes possible indicators for each dimension and related future research agenda.

Keywords: digital content marketing, advertising value, dimensions, measurement

ISLAMIC BANKING PERFORMANCE TO MAINTAIN PROFIT-SHARING FINANCING GROWTH: EVIDENCE FROM INDONESIA

2024-01-15T12:13:36+07:00

Abstract – This research aims to analyze the impact of the performance or level of health of Islamic banks, such as the level of capital adequacy, growth of third-party funds, financing risk, and liquidity risk, on the growth of profit-sharing financing in the Islamic banking industry in Indonesia. The data used in this research is secondary data on Islamic banking statistics in Indonesia published by the Financial Services Authority (OJK) and Bank Indonesia (BI) from the first quarter of 2014 to the last quarter of 2021. Time series data processing uses the Vector Error approach Correction Model (VECM). Simultaneously, the level of capital adequacy proxied by the capital adequacy ratio, third-party funds, financing risk proxied by non-performing financing, and liquidity risk proxied by the financing to deposits ratio have a significant effect on profit-sharing financing. Meanwhile, partially, profit-sharing financing itself and the level of capital adequacy in the previous period have an impact on changes in profit-sharing financing in the short term. In the long term, financing risk and liquidity risk have a significant effect on profit-sharing financing. Meanwhile, in this research, third-party funds did not significantly affect the growth of profit-sharing financing.

Keywords: Profit-sharing financing, capital adequacy ratio, third-party funds, non-performing financing, financing to deposits ratio

OVERVIEW OF FRAUD PREVENTION AT MANDIRI UTAMA FINANCE SYARIAH

2024-01-15T12:30:33+07:00

Abstract – This research aims to obtain empirical evidences about the influence of Islamic work ethics, compensation, and the whistleblowing system on fraud prevention. This is a quantitative research using questionnaires distributed on Mandiri Utama Finance Syariah employees distributed via whatsapp. Each questionnaire distributed contains 77 question items to be answered by employees. From the distribution of 300 questionnaires conducted, there were 172 employees who gave answers divided into 70 branch offices in 21 provinces of Indonesia. The researchers used PLS SEM version 3.0. The results of this research found that Islamic work ethic has a positive and significant effect on fraud prevention, as well as compensation has a positive but insignificant effect on fraud prevention, while the whistleblowing system has a positive and significant effect on fraud prevention. This research focuses on fraud prevention, where this research is a new study in discussing the relationship between Islamic work ethics and the dimensions of religiosity, effort, competition, work obligations, quality, collectivity, equality and profit.

Keywords: Islamic Work Ethics, Compensation, Whistleblowing System, Fraud Prevention

ANALYSIS OF MARKETING STRATEGY FOR FINANCING PODUCTS AT KSPPS AL-ANSHARI BUKITTINGGI

2024-01-15T12:38:45+07:00

Abstract – This study aims to formulate a marketing strategy for financing products to increase the number of customers in terms of strengths, weaknesses, opportunities and threats. The type of research that the authors conducted was field research (field research) which is descriptive qualitative in nature. Data collection techniques were carried out through observation and interviews with KSPPS Al-Anshari Bukittinggi. Then the data that has been collected will be analyzed using SWOT analysis. Based on the results of research and analysis of data that has been carried out at KSPPS Al-Anshari Bukittinggi, it can be concluded that the marketing of financing products carried out by KSPPS Al-Anshari Bukittinggi is an SO strategy (Strenghs and Opportunities) with a total score of 4.27. The strengths for taking advantage of the opportunities taken are: 1. Improving marketing strategies for financing products through social media with technological advances, 2. Maximizing the Bajapuik system to make it easier for customers to process refunds, 3. Establishing good relations with prospective customers, 4. Conduct socialization or introduce the advantages of murabahah financing products.

Keywords: Marketing Strategy, Financing Product, SWOT Analysis

THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY (CSR) ON FINANCIAL PERFORMANCE

2024-01-15T13:48:23+07:00

Abstract – This study discusses the effect of Corporate Social Responsibility (CSR) on the company’s financial performance. There are three studies conducted on pharmaceutical, telecommunications, and coal mining companies. The result of the study show differences in influence of CSR on financial performance. Research on pharmaceutical companies shows that CSR has no significant effect on Return on Assets (ROA) and Return on Equity (ROE). Meanwhile, research on telecommunications companies show that CSR has a positive effect on financial performance. However, research on coal mining companies shows that CSR has no significant effect on ROA. In this study, CSR is explained as a company’s effort to account for its business activities ethically to meet the needs of internal and external shareholders and surrounding environment so as not to cause harm to society. Nonetheless, the implementation of CSR can provide benefits for companies, such as improved corporate image, access to financial resources, risk management, innovation, and operational efficiency.

Keywords: Corporate Social Responsibility, Return on Assets, Return on Equity

ANALYSIS OF FINANCIAL DISTRESS IN PHARMACEUTICAL COMPANIES LISTED ON IDX

2024-01-15T14:00:11+07:00

Abstract – The emergence of the Covid-19 pandemic in 2020 made the economy weaken. the virus spread very quickly and spread to various countries around the world, lasting until 2021. This condition requires business actors to continue to grow and develop amidst a weakening economy so that they can maintain their business by using corporate strategies to obtain maximum income, this makes competition business is getting tougher. Almost all sectors experience the same impact, namely financial distress, including pharmaceutical companies. This study aims to analyze the prediction of financial distress of pharmaceutical companies in Indonesia using the Altman, Grover, Springate, and Zmijewski models. The data used in this research is secondary data, in the form of the company's financial reports for the 2020-2023 period. The samples used in this study were 8 pharmaceutical companies out of a total of 30 health and pharmaceutical companies listed on the Indonesia Stock Exchange. There is 1 company experiencing financial distress using the Altman method, 1 company using the Grover method, 6 companies using the Springate method and 1 company using the Zmijewski method. When viewed based on the overall results during the observation period, there was 1 company that experienced continuous financial distress during the 2020-2023 period, namely PT Indofarma Tbk (INAF). From the results of the ANOVA test it is known that there are differences in the four methods used and shows that the Grover model has the highest level of accuracy, with 98% accuracy and 2% error type.

Keywords: Financial Performance, Financial Ratios, Financial Distress

ANALYSIS APPLICATION OF THE PRINCIPLES OF GOOD CORPORATE GOVERNANCE AND INTERNAL CONTROL SYSTEMS IN PREVENTING POTENTIAL FRAUD AT PT BANK PEMBANGUNAN DAERAH NTT

2024-01-15T14:19:23+07:00

Abstracts - Prevention of potential fraud is one of the factors that is very important for the health level of a company. Management must be able to create corporate governance that is able to translate the company's vision and mission in line with existing regulations. The purpose of this study is to determine the extent to which the implementation of the principles of Good Corporate Governance and the Internal Control System at PT Bank Pembangunan Daerah NTT is in accordance with Bank Indonesia (BI) Regulations and Circulars of the Otoritas Jasa Keuangan (OJK) and how it affects the prevention of potential fraud. The research method used is qualitative method. Respondents in this study consisted of 2 Bank NTT officials who were considered capable of providing high-quality information on how the implementation of the principles of Good Corporate Governance and Internal Control System in preventing potential fraud in the Bank NTT environment. The interview method and document analysis were carried out to obtain actual facts at Bank NTT. The results of the analysis lead to the conclusion that Bank NTT has fully implemented the Principles of Good Corporate Governance and Internal Control System in accordance with Bank Indonesia Regulation No.8/4/PBI/2006 and Otoritas Jasa Keuangan Circular Letter No.35/SEOJK.03/2017. On the other hand, the application of GCG and SPI principles has a positive effect on efforts to prevent potential fraud at Bank NTT. By placing Risk Control from the head office to the branch offices, it helps management in conducting fraud prevention.

Keywords: Good Corporate Governance, Internal Control System, Prevention of Potential Fraud, Regional Development Bank.

COMPARISON ANALYSIS OF CONVENTIONAL BANK CREDIT WITH SHARIA BANK FINANCING TO MSMEs DURING THE COVID-19 PANDEMIC

2024-01-15T14:29:50+07:00

Abstract – The purpose of this study is to analyze the differences in the provision of working capital and investment loans to MSMEs in conventional banks with working capital and investment financing to MSMEs in Islamic banks. The sampling technique used in this study was purposive sampling taken from MSME Financing/MSME Credit Working capital and MSME Financing/MSME Investment Credit contained in the Financial Services Authority Statistics for the period March 2020- December 2022. The analytical method used in this study was test non-parametric statistical differenceMann Whitney. The results of the study show that there is a significant difference in the provision of working capital and investment loans to MSMEs in conventional banks with working capital and investment financing for MSMEs in Islamic banks and working capital and investment financing of Islamic banks to MSMEs is not greater than working capital and bank investment loans. conventional for SMEs

Keywords: Islamic Banks, Conventional Banks, MSME Financing, MSME Credit, and Differences in Financing

HOW WERE THE BIG BANK'S INVESTOR TRANSACTIONS ON THE IDX DURING THE EARLY PERIOD OF COVID-19? IS THERE JCI INFLUENCE?

2024-01-15T14:45:23+07:00

Abstract The IDX's most extensive capitalized stocks are bank companies: BCA, BRI, Mandiri, and BNI. But, COVID-19 caused the JCI and stocks to fall, resulting in a loss for investors. This loss is the gap between the goal and reality of investing. How did JCI and investor transaction variables (volume, frequency, and buying value of foreign investors) affect the stock price of the four banks during the early period of COVID-19? Utilize the SPSS Amos program to analyze the structural model of research. The results show that the correlation between variables has a significant effect for the combined period and the increase period, except for the decline period, in which volume has no significant impact on buying value foreign investors, likewise the JCI on stock prices. The variables can describe approximately 92% of variations in stock prices. Volume has the most significant effect on the stock price. Also, JCI has a significant indirect influence on stock prices through the volume, frequency, and buying value of foreign investors.

Keywords: Stock Price, Investor Transaction, Volume, Frequency, COVID-19

ISLAMIC ECONOMIC REVIEW OF THE ROLE OF THE BROWN SUGAR HOME INDUSTRY IN MEETING FAMILY NEEDS

2024-01-15T14:59:26+07:00

Abstract – The purpose of this study is how to review the Islamic economy on the role of the Brown Sugar Home Industry in meeting the needs of families in the Pasanehan Nagari Lasi area, Candung District. This research is located in Pasanehan, Nagari Lasi, Candung District. The subjects of this study are Brown Sugar business actors. While the object is the Role of the Brown Sugar Home Industry in Meeting Family Needs in the Pasanehan Nagari Lasi Area, Candung District, Viewed from Islamic Economics. The population is the Brown Sugar Home Industry business actors totaling 20 families using total sampling. Furthermore, researchers analyzed the data using qualitative descriptive analysis methods. The data collection technique uses observation, interviews, questionnaires and documentation The results of the study That.Islamic economic review of the role of the Brown Sugar Home Industry in meeting family needs in the Pasanehan Nagari Lasi area, Candung District, that there is a need for financial management in the family, such as the principles of justice, truth and expertise.

Keyword: Islamic Economics; Home Industry; need;family

THE INFLUENCE OF ONLINE CUSTOMER REVIEW, SOCIAL MEDIA MARKETING, AND SALES PROMOTION ON PURCHASE DECISION OF SHOPEE CUSTOMER

2024-01-15T15:05:54+07:00

Abstract – This study uses a quantitative descriptive method with the aim of analyzing the influence of online customer reviews, social media marketing, and sales promotion on purchase decisions of Shopee customers. Primary data source by distributing questionnaires via Google Form. The research sample used a non-probability sampling technique by means of accidental sampling of 100 respondents, namely Shopee customers domiciled in DKI Jakarta at Shopee and have seen Shopee's social media marketing. Data processing using IBM SPSS Statistics 26. Partially, online customer reviews, social media marketing, and sales promotions have a significant effect on purchase decisions of Shopee customers. Simultaneously, online customer reviews, social media marketing, and sales promotions have a significant influence on Shopee customer purchase decisions. The test results for the coefficient of determination were 0.424, meaning that online customer reviews, social media marketing, and sales promotion had an effect on purchase decisions of 42.4% and the remaining 57.6% were influenced by other variables.

Keywords: Online Customer Review, Social Media Marketing, Sales Promotion, Purchase Decision

CHATGPT RESEARCHERS' INTEREST IN IT TECHNOLOGY: A BIBLIOMETRIC STUDY OF THE SCOPUS DATABASE

2024-01-15T15:14:41+07:00

Abstract – This article examines the current condition of ChatGPT as artificial intelligence (Artificial Intelligence) or AI which is currently viral on social media and worldwide. There are so many users who use this artificial intelligence to make many things in the world of education, medicine, business planning and various other fields. This article examines the current state of ChatGPT written by world authors and published in the journal scopus. The scopus database was used in this study with bibliometric analysis related to ChatGPT or AI. In June 2023, data collection was carried out to retrieve article data in the scopus database of 40 articles. The publication of ChatGPT trends in the world from articles, authors, and themes relevant to ChatGPT is analyzed using VOSviewer. Analysis of publication development trends about ChatGPT in this study was conducted on 40 articles using the VOSviewer application. The results showed that articles with the theme ChatGPT in the scopus database were first published in 2020. Articles with the most ChatGPT themes published in 2023 (28 documents). The journal that publishes the most articles with the theme ChatGPT is "Annals of Biomedical Engineering". The most journal affiliations are from the University of Tennessee Health Science Center, the most published journals from the United States, the most from the subjects of computer science, engineering and social science. Based on the help of indicators, keywords related to ChatGPT include: gpt, task, technology, openai, data and tools.

Keywords: ChatGPT,Technology, IT.

FUTURE-PROOFING BANKS: LEVERAGING KEY HUMAN CAPITAL COMPETENCIES FOR SUCCESS IN THE AGE OF FINTECH AND BIG TECH

2024-01-16T07:28:42+07:00

Abstract – This literature review aim to identify the key human capital competencies crucial for banks to succeed in the age of fintech and big tech. Through an extensive review of academic research and industry publications, this study explores competencies related to innovation, technology adoption, and intellectual capital management within the banking sector. These findings indicate that investing in employees' education and expertise can lead to improved innovative capabilities within banks. The influence of human capital on a bank's innovative capability is found to be positive, outweighing the impact of financial capital efficiency. The key success factors for banks in accelerating digital talent development encompass various crucial aspects based on the digital banks with a larger customer base and increased digital transactions tend to perform better, highlighting the importance of building a strong digital presence and customer engagement. Fostering intrinsic motivation and designing user-friendly digital tools are critical competencies that banks need to prioritize in their digital talent development efforts. Banks accelerate digital talent development through various methods. Investment in Digital Infrastructure and Technology, Exploration of Digital Technologies, Adoption of Digital Customer Experience Strategies, and Transformation and Adaptation. In conclusion, human capital competencies are crucial for banks' success in the age of fintech and big tech. Optimizing workforce skills, fostering innovation, and embracing digital technologies are essential for thriving in the digital era.

Keywords: human capital competencies, intellectual capital, innovation, technology adoption, big tech, fintech

SHARIA FINANCING FINANCIAL PERFORMANCE ANALYSIS AND ISLAMIC CITY PERFORMANCE INDEX

2024-01-16T07:27:13+07:00

Abstract – This study aims to investigate the influence of Sharia financing and Islamicity Performance Ratio on the financial performance of Sharia banks listed on the Indonesia Stock Exchange. The significance value was used as an analytical tool to determine the impact of independent variables on the dependent variable. A significance value of < 0.05 indicated the acceptance of the hypothesis, while a value > 0.05 led to its rejection. The results of the coefficient of determination can be seen in the following table.

Keywords: Sharia Financing, Islamicity Performance Ratio, Financial Performance, Sharia Banks, Significance Value, Coefficient of Determination

REDEFINING THE MARKET POSITION OF BANKS IN THE AGE OF FINTECH AND BIG TECH

2024-01-16T07:44:41+07:00

Abstract – This research uses a literature review approach focusing on the Resource-Based View theory to explore how traditional banks adapt to fintech and big tech advancements, including the challenges they face and the opportunities that arise from collaborations. The study analyzes existing academic and industry literature, identifying trends and insights on the strategies employed by banks to adapt to the changing landscape. The findings reveal that traditional banks are embracing digital transformation, collaborating with fintech and big tech players, focusing on customer-centricity, and utilizing advanced data analytics. Banks are redefining their market position in the fintech and big tech age, leveraging their unique resources and capabilities as identified through the Resource-Based View framework. They face challenges from non-bank fintech and big tech companies, which have unique advantages that banks cannot easily replicate. Fintech firms benefit from being less regulated than banks, allowing them to challenge banks for specific products. However, they cannot replace banks entirely. Big tech firms, on the other hand, present a much stronger challenge to established banks, particularly in consumer finance and loans to small firms. Digitalizing financial activities has led to a more concentrated banking industry, with smaller and less tech-savvy banks struggling to survive. The study concludes that the banking industry is fundamentally transforming, with technology-driven initiatives and partnerships presenting opportunities. However, challenges of regulatory compliance, data security, and customer expectations need to be addressed.

Keywords: bank, big tech, customer-centricity, digital transformation, fintech.

CRITICAL REVIEW OF CUSTOMER RELATIONSHIP MANAGEMENT SYSTEM OF AMIL ZAKAT INSTITUTION IN INDONESIA

2024-01-24T08:23:42+07:00

Besides an obedience dimension to adherents of Islam, zakat also has a social dimension which can potentially be a solution to poverty alleviation. Therefore, the role of Amil Zakat Institution (LAZ) is crucial. In fundraising, Amil Zakat Institution faces some challenges related to the effort of maintaining muzakki. So, Customer Relationship Management (CRM) within Amil Zakat Institution has a vital role in maintaining the continuity of zakat payments from muzakki and sustaining positive relationships with them. Unfortunately, CRM has not well managed yet. This research is conducted to find out the ideal form of CRM, implementation of CRM on amil zakat institution in Indonesia and henceforth formulating the ideal CRM implementation for amil zakat institution, by analyzing data based on literature reviews and direct observations, either through internships conducted by the researcher, also interviewed the muzakkies. The results show that amil zakat institution in Indonesia still implements CRM traditionally without paying attention to how the CRM system should be run, both related to building relationship with muzakki and data security issues. For this reason, research suggests that the problem of managing the CRM system bay amil zakat institution also gets attention from national zakat board (BAZNAS).

ANALYSIS OF FACTORS AFFECTING INTERNAL AUDITOR'S ABILITY TO DETECT FRAUD

2024-01-24T08:30:07+07:00

This study aims to analyse the effect of independence, experience, professional skepticism, and time budget pressure towards the internal auditor’s ability to detect fraud. The population in this study is the auditor who works at the Central Office of the Finance and Development Supervisory Agency (BPKP). The type of data used is primary data. Sampling using a survey method in the form of a questionnaire given to respondents and produced as many as 52 samples. Data testing was carried out by multiple regression testing using the SPSS version 20 program. The results showed that independence, experience, and professional skepticism had a positive and significant effect on the internal auditor's ability to detect fraud. Meanwhile, time budget pressure had a negative and significant effect on the the internal auditor's ability to detect fraud.

THE EFFECT OF LEADERSHIP STYLE, WORK CULTURE AND PERSONALITY ON THE PERFORMANCE OF EMPLOYEES OF THE BUREAU OF HUMAN RESOURCES AND GENERAL AT THE NATIONAL LIBRARY OF THE REPUBLIC OF INDONESIA

2024-01-24T09:24:26+07:00

This study seeks to test empirically whether Leadership Style, Work Culture, and Personality have an effect on Employee Performance at the National Library of the Republic of Indonesia's Human Resources and General Bureau. Utilizing the Associative Descriptive approach, a questionnaire serves as the research instrument for this quantitative study. T-Values of 2.377 and P-Values of 0.017 demonstrate that the findings of the first study demonstrated either directly or indirectly that leadership style had a positive and statistically significant effect on employee performance by 33.2%. T-Values of only 0.980 and P-Values of only 0.329 indicate that the results of the second study successfully demonstrated either directly or indirectly that work culture has a positive and insignificant effect on employee performance by 12.9%. T-Values of 3.542 and P-Values of 0.000 indicate that the third study successfully demonstrated that personality had a positive and statistically significant influence on employee performance by 43.2%. The influence of the three variables on employee performance (R-Square) is 72.33%.

THE EFFECT OF SHOPPING LIFESTYLE, FASHION INVOLVEMENT, AND HEDONIC SHOPPING MOTIVATION ON IMPULSE BUYING WITH POSITIVE EMOTION AS AN INTERVENING VARIABLE IN ADOLESCENT GENERATION – Z ONLINE STORE USERS IN YOGYAKARTA

2024-01-24T09:31:31+07:00

The study aims to determine the effect of shopping lifestyle, fashion involvement, and hedonic shopping motivation on impulse buying through positive emotion as an intervening variable in Z generation adolescent who use online store in Yogyakarta. The method used in this study is a quantitative method using a sample of 150 respondents, the research instrument is a questionnaire that is distributed via the google form. Sampling used in this study is non probability sampling with purposive sampling technique. Data analysis used in this study used multiple linear regression analysis using SPSS 26 application, and the sobel test using the sobel calculator. The result of the analysis of the data obtained in this study showed that the shopping lifestyle partially has no significant effect in positive emotion, while the fashion involvement and hedonic shopping motivation partially respectively have a positive and significant effect on positive emotion. Shopping lifestyle, fashion involvement, hedonic shopping motivation, and positive emotion partially have a positive and significant effect on impulse buying. Shopping lifestyle has no significant effect on impulse buying trough positive emotion, fashion involvement has a positive and significant effect on impulse buying through positive emotion, and hedonic shopping motivation has positive and significant effect on impulse buying through. Positive emotion.

THE EFFECT OF THE INCREASE IN FUEL PRICE IN 2022 ON ABNORMAL RETURN IN THE OIL MINING COMPANY SUB-SECTOR

2024-01-24T09:38:27+07:00

The fuel subsidy provided by the Central Government is beneficial for the community to get affordable prices. The amount of fuel subsidies from year to year, which in general is increasing, of course, has an impact on the increasingly heavy burden on the state budget. The very significant increase in fuel subsidies in 2022 resulted in the government reducing fuel subsidies which caused an increase in fuel prices on September 3, 2022. One of the impacts of the increase in fuel prices is abnormal returns. This study aims to examine the effect of rising fuel prices in 2022 on abnormal stock returns in the oil mining companies sub-sector. This study uses a quantitative method with the method of analysis of event studies. The research period used was 37 days. The sampling technique used nonprobability sampling technique with purposive sampling method. The number of samples used is 5 companies. The analysis technique used is a different test or paired sample T-test which has been processed using SPSS 27 software. The results show that there is no difference in abnormal stock returns before and after the 2022 fuel price increase in shares of companies in the mining subsector. oil. There is no difference because the sample which represents the population of the mining company sub-sector has no direct relationship with the increase in fuel prices. The results of this study can be used as a reference, consideration, and additional knowledge.

AN ANALYSIS OF MERGER AND ACQUISITION IN REGARD TO STOCK RETURN AND TRADING VOLUME IN COMPANIES LISTED ON INDONESIA STOCK EXCHANGE

2024-01-24T09:41:48+07:00

The idea of this research is to analyze the impact of mergers and acquisitions on trading volume and stock returns of companies listed on Indonesia Stock Exchange. The approach used in this study is a quantitative method with the target of companies that have undergone mergers and acquisitions and are listed on Indonesia Stock Exchange between 2015-2020. Based on statistical tests on the value of stock returns during the event period, there is no significant change in the value of stock returns around mergers and acquisitions, nor changes in stock returns before and after mergers and acquisitions, this reveals that this research does not support the notion that there is a change in value stock returns before and after mergers and acquisitions, which is also evident from the results of the t-statistic test based on the results of the business volume statistical test (TVA). The results of this study show that there are changes in value before and after mergers and acquisitions, but there are no significant changes in TVA values before and after mergers and acquisitions. The lack of meaning surrounding the merger and acquisition event, namely three days before the acquisition, reveals that this study does not support the conjecture.

MODEL OF TOURISM SECTOR PERFORMANCE IMPROVEMENT BASED ON APPLIED TECHNOLOGY INNOVATION

2024-01-24T09:51:57+07:00

Tourism is one of the largest sectors in the world economy. Improving the tourism sector's performance is one of the priority programs for national development of the government of the Republic of Indonesia to encourage the country's foreign exchange earnings. The lack of various applied technology innovations in digital marketing strategies is a problem that can impact the performance of the tourism business, in particular in the digital era of the industry today. The aim of this study is to develop a model of tourism sector performance improvement based on applied technology innovation. In this quantitative research method, an empirical survey uses questionnaires distributed online and sample data collection using a purposive random sampling technique. Valid data is processed using smartPLS software. The empirical analysis was carried out to test the model and hypothesis in this study. The main results of this study reveal that applied technological innovation significantly mediates the influence of digital marketing strategies on the performance of the tourismsector in Indonesia. Furthermore, other results reveal that applied technological innovation also has the potential to moderate or strengthen the influence of digital marketing strategies to improve Indonesia's tourism sector's performance. The results of this model contribute to supporting the national program of the Indonesian government to improve the performance of the tourism business in Indonesia based on applied technology innovation in digital marketing strategies.

SENTIMENT ANALYSIS FOR USER REVIEW POLRI HOSPITAL REGISTRATION APP

2024-01-24T10:59:50+07:00

The POLRI Hospital registration application is an application used to register and get health services at the POLRI Hospital. Sentiment analysis research can identify the most common complaints about the app. Additionally, it helps app developers improve user experience and fix issues. as part of the application assessment that has been used. This study uses the Naive Bayes method to collect complaint data from users of the POLRI Hospital registration application. This is done using the Google Play store platform. The results of using a model with 100 test data show that the model can categorize all evaluation data for POLRI Hospital registration applications into classes 29, 68 negative, and 3 neutral. The comparison value between positive, negative and neutral evaluations is 3:6:1. In conclusion, 68% of registration application users feel that the application does not make it easy for them to register patients.

SOFTWARE QUALITY MODEL ISO/IEC 25010 PRIORITIZATION SMART GOVERNMENT APPLICATION

2024-01-24T11:09:37+07:00

The priority of software quality requirements can vary depending on the characteristics and objectives of the project being worked on. The use of ISO/IEC 25010 can help software development teams understand and identify the most crucial quality requirements to ensure project success. The Smart Government application is software designed to support and improve government efficiency and effectiveness in providing public services and managing resources intelligently. Software quality in the context of Smart Government applications is an important aspect in achieving this goal. Quality aspects of the software above, the Smart Government application can be an effective tool in driving digital transformation of government and providing better services to society as a whole. Implementation of good software quality also helps create public trust in Smart Government applications. In this study, the Analytical Hierachy Process method will be used to determine the weighting criteria for the ISO/IEC 25010 standard assessment and Simple Additive Weighting for determine the priority ranking of the Banten province population service application. The results of this study can provide decision support where if the one who gets the best value, then it can be used as an example for cities or districts that get a low quality software score.

COMPLEMENTARITY IN GREEN BUILDING IMPLEMENTATION DIY PROVINCE: I-O 2022 ANALYSIS TABLE

2024-01-24T11:14:48+07:00

This study aims to test the effect of sectors that are able to complement the green building in influencing the regional economy in DIY. This study also adds elements of environmental externalities obtained from year to year and the average of DIY EQI change into the calculation of the Input-Output Table. The analytical tool used in ths study is I-O analysis. In general, the result of this study indicate that the application of green building can be a hope for the Government in implementing pro-environmental economic growth. The researcher found that green building which adheres to the concept of weak complimentary theory will be appropriate when applied to the design of priority development cities for development pruposes such as in construction and real estate sectors.

SHARIA ECONOMIC REVIEW ON THE EFFECT OF SERVICE QUALITY ON CONSUMER LOYALTY

2024-01-24T11:27:20+07:00

Service quality is defined as the expected level of excellence and control over that level of excellence to meet customer desires. The purpose of this study is to find out how the Islamic Economic Review on the Effect of Service Quality on Consumer Loyalty. This research method is quantitative with descriptive analysis, the population in this study is consumers in a business consisting of 110 people, The source of data used is primary data, namely data obtained by researchers from original sources. The result of the study is that according to the Sharia Economic review on the effect of service quality on consumer loyalty applied to the sharia furniture business in Kenagarian Sitanang Fifty City Regency does not conflict with the principles of Sharia Economics.

A COMPARATIVE ANALYSIS ON THE RULE OF ZAKAT ON CRYPTOCURRENCY IN MALAYSIA AND INDONESIA

2024-01-24T11:38:39+07:00

Zakat is one of the five pillars of Islam and has played an important role in the Muslim community. Nowadays, due to the emergence of technology, a type of money of called cryptocurrency is introduced. Unlike traditional currencies, which are issued and regulated by central banks worldwide, cryptocurrency is created using protocols devised by its creators. However, the Islamic law (Shariah) perspective regarding zakat on cryptocurrency seems to be unclear due to the ambiguous understanding and interpretation of the features as well as characteristics of cryptocurrency by Muslim jurists. In pursuant thereto, this research analyses the concept and rule of zakat on cryptocurrency from Islamic law based on the qualitative and descriptive cross- sectional analysis through the verses in the holy Quran, the Prophetic traditions, views of classical and contemporary Muslim jurists, and data obtained from reliable sources. For the comparative analysis, the research also provides the reference of the practise of zakat on cryptocurrency in Indonesia. The research found that zakat on cryptocurrency is legal whether cryptocurrency is classified as a currency or an asset. Therefore, with the increasingly widespread transactions that are used cryptocurrency as a medium of transactions by people, the issues of zakat on the cryptocurrency from an Islamic perspective should be resolved.

CAUSALITY ANALYSIS OF GOVERNMENT DEBT AND ECONOMIC GROWTH IN INDONESIA, 1990 – 2020

2024-01-24T15:21:15+07:00

This study aims to determine the pattern of the causal relationship between government debt and economic growth in Indonesia in 1990 – 2020. The data used in this study were obtained from the Indonesian State BPS (Central Bureau of Statistics). This research was conducted using the Granger causality test. The results show that in Indonesia there is one direction causality pattern, Economic Growth causes Government Debt, but Government Debt does not cause Economic Growth. The fact that government debt continues to rise, these results indicate that Indonesia's economic growth process is failed to reduce or suppress government debt. On the other hand, an increase in government debt, which also does not encourage economic growth, indicates the possibility of misallocation of the use of government debt to projects or programs that do not or are less effective at spurring economic growth. Considering that Indonesia has never failed to repay principal and interest on its debts, it shows that in the process of its economic growth, Indonesia has experienced what is known as the Fisher's Paradox, namely the more principal installments along with debt interest paid, the greater the amount of debt that must be made. The phenomenon that is often referred to as 'dig a hole cover the hole', borrowing money to pay off debt.

REVOLUTION OF COMPLAINT HANDLING AND VETTING: A WEB-BASED APPROACH FOR GOVERNMENT UNITS

2024-01-24T15:24:02+07:00

XYZ Unit is a government unit tasked with examining employee disciplinary violations in their environment. The process of receiving complaints and checking is still done manually, which affects the quality of data and services to stakeholders. Therefore, it is necessary to develop a structured web-based information system to manage complaint and inspection data. The purpose of this research is to increase the efficiency of business processes, facilitate users in managing data, and improve the speed, accuracy and quality of service. The fountain method was chosen to design this system because of its flexibility in changes and low cost. The results of the research show that the complaints and examination information system can answer the problems of the XYZ Unit, and the tests show that this system can computerize the process of receiving complaints and examinations and provide data that is always updated. This research has produced a system that is able to process data and answer the problems of its users. Meanwhile, related to data confidentiality and a safe environment have not been confirmed in this study and still need to be followed up by the XYZ unit, namely through performance testing, security testing and load testing. In addition, a user acceptance test (UAT) is also needed to measure whether the system meets the aspects of ease of use, intuitiveness and responsiveness.

THE DEGREE OF SOCIAL WELFARE LOSS CAUSED BY INEQUALITY AND INEQUALITY IN INCOME DISTRIBUTION

2024-01-24T15:28:11+07:00

This research was motivated by indications of uneven income distribution in Kenagarian Lasi, where the distribution of income in Kenagarian Lasi based on initial observations was very unequal, namely materially poor families by 72.6% and materially rich families by 27.4%. The purpose of this study is to determine the level of social welfare loss or the degree of social loss caused by uneven distribution of income. The study used a descriptive qualitative approach using observational data collection techniques and structured interviews, the informants in this study were the Kenagarian Lasi community with a total of 95 informants. Determination of the number of informants using the Slovin Formula and for the selection of informants is carried out by accidental sampling techniques. The data analysis technique used is the Atkinson Index. From the results of the study, the level of social welfare loss (degree of social loss) caused by the income distribution gap before zakat was Rp. 133,822.35. Meanwhile, after receiving zakat, the level of social welfare loss became Rp. 217,344.88 or an increase of Rp. 83,522.53. This increase in the degree of social loss has an impact on people's increasingly miserable lives.This research was motivated by indications of uneven income distribution in Kenagarian Lasi, where the distribution of income in Kenagarian Lasi based on initial observations was very unequal, namely materially poor families by 72.6% and materially rich families by 27.4%. The purpose of this study is to determine the level of social welfare loss or the degree of social loss caused by uneven distribution of income. The study used a descriptive qualitative approach using observational data collection techniques and structured interviews, the informants in this study were the Kenagarian Lasi community with a total of 95 informants. Determination of the number of informants using the Slovin Formula and for the selection of informants is carried out by accidental sampling techniques. The data analysis technique used is the Atkinson Index. From the results of the study, the level of social welfare loss (degree of social loss) caused by the income distribution gap before zakat was Rp. 133,822.35. Meanwhile, after receiving zakat, the level of social welfare loss became Rp. 217,344.88 or an increase of Rp. 83,522.53. This increase in the degree of social loss has an impact on people's increasingly miserable lives.

MARKETING COMMUNICATION STRATEGY: DEVELOPING BRAND AWARENESS AND BRAND ENGAGEMENT OF DIGITAL BANK

2024-01-24T15:34:50+07:00

This conceptual paper aims to analyze the marketing communication strategy applied by PT Allo Bank Indonesia, Tbk., in order to develop brand awareness and brand engagement with their customers. This study adopted qualitative approach. Data was collected through observation to marketing activities and literature study by analyzing and comparing various documents, and relevant literature which is in line with the communication strategies adopted by PT Allo Bank, Tbk. The marketing communication strategy implemented by PT Allo bank, Tbk., has increased the brand awareness. It is reflected in customer growth and a survey conducted by Marketeers. It results that Allo Bank is known as one of Gen Z's preferred digital banks. Additionally, PT Allo Bank Indonesia, Tbk., is known as one of the new digital banks which was introduced in May 2022. The period of time of the data we analyzed is from May 2022 (the grand launching of Allo Bank) to May 2023 (the first anniversary of Allo Bank). Based on the research conducted, it shows two new elements that need to improve in the implementation of marketing communication strategies are repetitive action, and continuity & Consistency Pattern in order to generate more robust brand engagement.

SUSTAINABILITY MARKETING STRATEGY AND FINANCIAL PERFORMANCE OF AX GROUP

2024-01-24T17:21:20+07:00

In the business world, sustainable business is a well-known concept. It is a goal that should be pursued because businesses should not only benefit the people around them but also contribute to the environment and society. Sustainable business aims to create a positive impact on both the community and the natural world. The concept of sustainable business is considered suitable for the fashion industry due to the increasing understanding and concern of consumers about the future of the environment. Consumers are becoming more critical and want to know more details about the clothes and shoes they use. Therefore, sustainability is not just a concern for companies but also a marketing and business strategy aimed at long-term. AX Group is one of textile manufacturing business that has embraced the concept of sustainable marketing, considering the economic, social, and environmental aspects that can benefit long-term business growth. The implementation of sustainable marketing has a positive impact on the brand image of the company, which in turn influences customer satisfaction, trust, and loyalty which provides an increase in financial performance and long-term sustainability of the company. In this paper, we review and see how sustainable marketing considerations have grown and this research extensively reviews the literature in the field of sustainable marketing strategy and highlights AX Group that adopt sustainable marketing strategy are expected to generate more profits than firms that do not adopt the strategy.

A COMPARATIVE ANALYSIS TOWARDS HALAL NON-RUMINANT LIVESTOCK COMMODITY WAQF CROWDFUNDING MODEL IN MALAYSIA AND INDONESIA

2024-01-24T17:24:37+07:00

Malaysia is a Muslim-majority country with an estimated Muslim population of 61.30% (16 million people) out of the total population of Malaysia recorded in 2022. This amount reflects the need for a supply of halal food security for the needs of the Muslim community. However, there is a shortage of supply of halal non-ruminant livestock food commodities such as chicken, duck, and eggs, as Malaysia still depends on imported products. The present practice is still insufficient to settle the current issue as the number of farms for non-ruminant livestock is small because dominated by large-scale enterprises and the high prices of stock, which burden the community. This study investigates why halal non-ruminant livestock commodities through crowdfunding are crucial nowadays and identifies ways to develop halal non-ruminant livestock commodities through waqf crowdfunding to achieve national food security based on qualitative and descriptive cross-sectional analysis through the governing statutes, reported cases, and data obtained from the respective administrative bodies. For the comparative analysis, the research also provides the reference of the waqf crowdfunding model in Indonesia. The research submitted that Malaysia needs to formulate a plan to improve the sustainability of food security to meet the demand of the domestic market by establishing halal non-ruminant livestock commodity through waqf crowdfunding. As such, this model will serve as guideline for the government in managing the suitability of waqf crowdfunding approaches that have the potential to be practised in halal non-ruminant livestock projects to increase the level of food security in Malaysia and reduce the shortage of supply and the high price of the stock which burden the community.

THE INFLUENCE OF PROVIDED SERVICE, PRODUCT QUALITY, AND OFFERED FACILITIES IN PREMIUM CONVENIENCE STORES TO DEFINE CUSTOMER LOYALTY

2024-01-24T17:34:05+07:00

This study aims to analyse the Influence of Provided Service, Premium Product Quality, and Facilities Offered on Customer Loyalty at one of the Premium Convenience Stores (PCS) in Jakarta. PCS is a premium shopping centre that offers a variety of products and services for customers who are looking for an exclusive and quality shopping experience. The research method used in this study is a quantitative approach by distributing questionnaires to 100 respondents who visited PCS. The questionnaire includes questions about customer perceptions of service, premium product quality, facilities provided by PCS, and the level of Customer loyalty to the shopping centre. The results of the analysis show that provided service is not affecting loyalty, unlike product quality and facility offered by PCS. Simultaneously, provided service, product quality, and facilities offered affect loyalty. This research provides insight for the management of the premium convenience store to complement provided service with product quality, and facility to affect customer loyalty on PCS.

FINANCIAL ANALYSIS OF THE REGIONAL GOVERNMENT BUDGET IN THE BLITAR CITY

2024-01-24T17:42:24+07:00

This study aims to measure the regional financial performance of Blitar City in 2017-2021 by using regional financial ratios. The existence of regional autonomy requires each region to manage its finances independently and also public sector organization required to pay attention the value for money. Financial management in 2011-2015, Blitar City had several problems such as, high ratio of dependence and indicate the dominance fund from central government, the poor degree of decentralization, while income growth stays positive. Through the ratio analysis, it is expected that this study can give some references to the Government. This research is descriptive quantitative with the data collection technique used are documentation method and literature study. This research is an analysis of the financial performance of Blitar city in 2017-2021 uses analysis ratio from its financial report. The result was determined as seen from the Financial Performance of the Blitar City Government in 2017-2021: (1) Very low Income Growth Ratio show not optimal policy improvement, (2) Degree of Decentralization in 2018-2020 shows categorized as less and there is improvement as sufficient in 2021, (3) High Regional Financial Dependence Ratio, (4) Consultative or high level Regional Financial Independence Ratio, (5) Very effectiveness PAD Effectiveness Ratio, (6) Very efficient PAD Efficiency Ratio, (7) Effective Budget Effectiveness Ratio, (8) Sufficient Budget Efficiency Ratio. Government expected to increase the target for revenue growth and PAD acquisition as a form of improving decentralization, reducing financial dependence and increasing regional independence.

ANALYSIS OF FACTORS AFFECTING LABOR ABSORPTION IN EAST KALIMANTAN PROVINCE 2019-2021

2024-01-24T17:52:17+07:00

This study aims to measure the direction and magnitude of the effect of Economic Growth in the Agriculture, Fisheries and Forestry Sector, Economic Growth in the Mining and Quarrying Sector, Economic Growth in the Processing Industry Sector, Economic Growth in the Financial Services and Insurance Sector, and Investment on Labor Absorption in East Kalimantan Province for the 2019-2021 period. The analytical method used in this research is panel data regression analysis. The estimation results show that the Fixed Effect Model (FEM) was chosen as the best estimated model. The FEM estimated model shows that Economic Growth in the Agriculture, Fisheries and Forestry Sector, Economic Growth in the Mining and Quarrying Sector, Economic Growth in the Manufacturing Industry Sector, Economic Growth in the Financial Services and Insurance Sector, and Investment have no effect on Labor Absorption. This result shows that during the period studied there was no significant increase in labor absorption. This research data shows that the increase in labor absorption during the period studied is not stable every year. Since 2020, generally in Indonesia and especially in East Kalimantan Province, several economic sectors have stopped their growth due to the Covid-19 pandemic. As a result, there has been a significant decrease in employment in East Kalimantan Province. However, it is also necessary to be aware of the possibility of an economic development trend that is increasingly biased towards employment because it is increasingly capital intensive.

DETERMINANTS THAT INFLUENCE THE ACCOUNTING UNDERSTANDING AMONG STUDENTS IN A PUBLIC HIGHER EDUCATION INSTITUTION IN WEST PAPUA

2024-01-24T17:57:43+07:00

Having sufficient knowledge and skills in accounting is necessary to face the increasingly sophisticated era of digital transformation in accounting. Thus, higher education institutions play a vital role in developing the human capital of accounting students. This study aims to empirically examine the determinants of students' accounting understanding level in a public higher education institution in West Papua. A stack of 40 questionnaires received from sixth-semester bachelor accounting students from the only public higher education institution offering a bachelor's degree program in accounting in West Papua was analyzed using multiple regression analysis. The finding reveals that the lecturer's teaching style positively and significantly influences the students' accounting understanding level. While emotional intelligence, spiritual intelligence, and learning facilities negatively and significantly influence the student's accounting understanding level. Furthermore, learning and motivation behaviour positively but insignificantly influence students' accounting understanding level. This study provides insight into the factors influencing the student's accounting understanding levels in the context of public higher education institutions in the West Papua region. Moreover, this study implies that it is essential for higher education institutions to improve the teaching quality of lecturers by strengthening interactive learning strategies and technology that can increase students' understanding of accounting.

PRINCIPLES OF CHARACTER, CAPITAL, COLLATERAL, CAPACITY, AND CONDITION ON MURABAHAH FINANCING RISK

2024-01-24T18:04:15+07:00

The purpose of this study is to determine the principles of Character, Capital, Collateral, Capacity, and Condition on the risk of murabahah financing, this research method is qualitative with descriptive analysis of the source of this research data is the publication of journals, books, newspapers and other international journals related to the principles of Character, Capital, Collateral, Capacity, and Conditions on the risk of murabahah financing. The result of this study is that character is a dominant factor because even though prospective financing customers are capable enough to settle their debts, if they do not have good intentions, it will certainly bring various difficulties to financial institutions that provide financing in the future. The assessment of the amount of own capital is important, considering that bank financing is only an additional financing. The creditor will usually not be willing to provide full financing for the financing application submitted by the prospective debtor. Assessment in this aspect includes an assessment of the guarantee provided by the debtor as a security for financing provided by the bank. The financing agreement is to pay off the principal and margin in accordance with the terms and conditions mutually agreed. In assessing this aspect, economic conditions should also be assessed now and for the future according to their respective sectors.

IMPLEMENTATION OF MAQASHID SHARIA TO MASLOW'S HIERARCHY OF NEEDS THEORY IN THE PERSPECTIVE OF ISLAMIC ECONOMICS

2024-01-24T18:12:06+07:00

The main objective of Maqashid Shari'ah is to protect and fight for three legal categories, namely among others are Dharuriyat, Hajjiyat and Tahsiniyat. And there are five basic important elements namely soul (Hifdzunnafs), belief or religion (Hifdzuddin), reason/intellectual (Hifdzul Aql), descent (Hifdzunasl) and family and property (Hifdzulmal). The research objective is to look at the advantages and disadvantages between Maslow's and Al-Ghazali's Hierarchy of Needs in Islamic Economics. The research method is library research using primary and secondary data, namely books and scientific journals. The results of this study are Al-Ghazali's theory of needs which is almost parallel to Maslow's subsequent theory. Meanwhile, of the five elements, Maslow's theory of needs and al-Ghazali's are related to each other and there are also similarities, but al-Ghazli is more dominant in explaining the theory of these needs.

THE IMPLEMENTATION OF FINANCIAL SUSTAINABILITY AT ALLO BANK INDONESIA - OPPORTUNITIES AND CHALLENGES

2024-01-24T20:39:17+07:00

Since the implementation of Sustainable Finance (POJK No. 51/POJK.03/2017), PT Allo Bank Indonesia, Tbk, a digital service-based bank in Indonesia, has adopted the concepts into their business. This paper discusses Allo Bank Indonesia's strategy to overcome challenges by implementing sustainable finance, which involves changing their business model to branchless banking based on digital services. A qualitative research method was used to explore the bank's activities and analyzed using the SWOT analysis approach. The result shows that Allo Bank Indonesia has successfully implemented sustainable finance, but there is room for improvement in their implementation.

THE EFFECT OF INFLATION, EXCHANGE RATES, GDP AND BI RATE ON THE SHARE PRICES OF STATE-OWNED BANKS

2024-01-24T20:44:11+07:00

Banking is an important sector in a country's economy, because it is a bridge that finances the real sector. Banking stocks are one of the stocks that are in great demand by investors. In investing funds, Company performance information is very important. External factors such as macroeconomics must be considered such as inflation, exchange rates, GDP and the BI Rate, because they can influence investment decisions. This study aims to find empirical evidence and determine the magnitude of the influence of the inflation rate, exchange rate, GDP and the BI Rate on share prices of state-owned banks either simultaneously or partially. The data used in this study is secondary data in the form of financial reports on the Indonesia Stock Exchange for the 2018-2023 period. The samples used in this study were 4 state-owned banks. Data analysis using multiple regression, with quantitative methods. Overall, the influence of the independent variables on the share price of state-owned banks has a positive and significant effect. Based on the R Square value of the BUMN Bank share price variable, it can be explained by the variables Inflation, exchange rate, Gross Domestic Product and BI Rate of 60.3% while the remaining 39.7% is influenced by other variables outside of this lesson. Simultaneously the variables of inflation, exchange rates, Gross Domestic Product and the BI Rate affect the share prices of state-owned banks.

THE EFFECT OF FINANCIAL RATIOS ON PHARMACEUTICAL INDUSTRY STOCK PRICES ON IDX

2024-01-24T20:47:55+07:00

The development of the pharmaceutical industry in Indonesia has increased quite rapidly, especially with the Covid-19 pandemic in 2020. This has made people aware of the importance of the availability of medicines and other supporting equipment, resulting in high demand for pharmaceutical products. The capital market is one of the fund investment options in the hope of getting benefits from the companies invested, either in the form of increasing share prices or getting dividends on the profits of the companies they own. This study aims to analyze the effect of financial ratios on stock prices of companies that are Pharmaceutical Sector Companies for the 2016-2022 period. The financial ratios are represented by the Current Ratio (CR), Debt to Equity Ratio (DER), and Debt to Asset Ratio (DAR) and Return on Assets (ROA). The data used in this study are panel data, which has cross section and time series characteristics. There are 7 (seven) companies listed on the Indonesia Stock Exchange used as samples. The analysis technique uses a panel data regression approach with the fixed effect method. The results of the study concluded that CR and DAR partially had a negative and significant effect on the stock prices of pharmaceutical sector companies, while DER and ROA partially had no significant effect on the stock prices of pharmaceutical sector companies. Simultaneously CR, DER, DAR and ROA have a significant effect on the stock prices of pharmaceutical sector companies.

FINANCIAL LITERACY PROGRAM IN HIGH SCHOOL AND ITS IMPACT ON STUDENT’S FINANCIAL LITERACY INDEX

2024-01-24T20:51:48+07:00

The aims of this study was to analyze the implementation of the financial literacy program in high school and its impact on students' financial literacy index. The successful implementation of the Financial Literacy Program in schools refers to three indicators in the supporting material for the National Literacy Movement, namely class-based indicators, school-based indicators, and community-based indicators. This study uses a descriptive quantitative approach, that takes place at a high school in Buleleng District which consists of 4 public schools and 3 private schools. The subjects of this study were school principals, curriculum assistants, and economics teachers as well as students of class 12 social studies to collect data regarding the level of students' financial literacy. Data was collected using structured interview methods and questionnaires related to aspects of financial literacy. Data analysis techniques using interactive analysis with several steps namely data collection, data reduction, data display, and conclusions. This study shows that the financial literacy programs in terms of class indicators is quite good. However, from indicators based on school and community culture, it is still lacking. The reason is, schools do not have yet a clear policy related to the implementation of financial literacy programs. Judging from the student's financial literacy score, it shows that the level of financial literacy is still low.

ANALYSIS OF THE EFFICIENCY OF CONVENTIONAL AND SHARIA BANKING IN INDONESIA (BEFORE AND DURING COVID-19 PANDEMIC)

2024-01-24T20:56:21+07:00

This study aims to determine the level of efficiency of Conventional Banks and Sharia Banks in Indonesia before the Covid-19 pandemic and during the Covid-19 pandemic. The variables used in this study are profit, credit/financing, third party funds, total assets, labor costs and operating costs. The analytical tool used in this study is Data Envelopment Analysis (DEA) with a Constant Return to Scale (CRS) approach. The samples used in this study were 9 Conventional Commercial Banks (BUK) and 6 Sharia Commercial Banks (BUS). The results of this study show that before the Covid-19 pandemic in 2018 there were 3 BUK that experienced perfect efficiency, while at the beginning of the Covid-19 pandemic in 2019 there were 4 BUK that experienced perfect efficiency. Then during the Covid-19 pandemic in 2020-2021 there were 4 BUK and 1 BUS operating efficiently. Meanwhile, BUK that has a relatively stable efficiency value before and during the Covid-19 pandemic are BTN, BCA and BUK Central Java.

ANALYSIS OF THE USE OF FINANCIAL TECHNOLOGY AND FINANCIAL LITERACY ON FINANCIAL BEHAVIOR OF STUDENTS IN BANDUNG CITY

2024-01-24T21:13:30+07:00

Financial behavior relates to the behavior of an individual in managing his personal finances, it arises as a result of the great desire of individuals to fulfill their life needs in accordance to their income. The purpose of this study is to examine the factors that influence the Students’ financial behavior which are the financial technology adoption and financial literacy. The object of this research is University Students in Bandung city. This research is included in the type of descriptive and verification research with a quantitative approach. The main data used in this research is data obtained from distributing questionnaires to 100 people who are active University students in Bandung city. This research uses probability sampling data collection technique with random sampling method. The results of this study indicate that student’s Financial Technology adoption, the financial literacy, and student’ financial behavior is in the sufficient category. Partially, both financial technology adoption and financial literacy have significant effect on financial behavior. Simultaneously, Financial Technology and Financial Literacy have a significant effect on Financial Behavior by 49.2% as the result of the coefficient determination, while the remaining 50.8% is influenced by other factors.

THE INFLUENCE OF MANAGEMENT AGENCY COST ON POTENTIAL FINANCIAL DISTRESS MODERATED BY INDEPENDENT COMMISSIONERS

2024-01-24T21:18:42+07:00

This study aims to see the effect of management agency costs on the potential for financial distress with an independent commissioner as a moderating variable. This study uses moderated regression analysis with a random effect model to test the research hypothesis on property and real estate companies listed on the Indonesia Stock Exchange in 2017-2022. The sample selection method used was purposive sampling so that a sample of 360 observations was obtained. The results of the study show that the higher the management agency cost will have an impact on potential financial distress, because it disrupts the company’s financial stability which is intended for operational activities and reduces the profits that the company should receive. In addition, there are findings that independent commissioners are unable to moderate the effect of management agency cost on potential financial distress, because the size of the proportion of independent commissioners does not guarantee the effectiveness of oversight of company management. The existence of exploitation of company assets for management's personal interests can worsen the company's financial condition. Therefore, the effectiveness of supervision over the management of the company needs to be improved through internal control by independent commissioners who are competent and responsible for carrying out their roles.

ANALYSIS OF THE ROLE OF ISLAMIC BANKING IN INDONESIA'S ECONOMIC GROWTH

2024-01-24T21:47:03+07:00

Banking is one sector that is important for the growth of a country, because the bank is the intermediary institutions which collect funds from people who have a surplus and distribute to the people who need funds. This study aimed to analyze the role of Islamic banking on economic growth due to the rapid development of Islamic banking in Indonesia. By using VAR/VECM to determine the influence of Islamic banking for economic growth is represented by the IPI. The results showed that the total assets of Islamic banking does not have a significant effect on economic growth, while the Islamic banking financing a significant effect on economic growth.

THE EFFECT OF AUDIT OPINION, SOLVENCY, AND COMPANY SIZE ON AUDIT REPORT LAG IN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE

2024-01-24T21:51:27+07:00

This study aims to analyze the effect of audit opinion, solvency, and company size on audit report lag. This study was conducted on companies listed on the Indonesia Stock Exchange in 2019-2022. The data were processed using quantitative methods, excel and eviews 12.0. The technique used in sampling is purposive sampling. This study used descriptive statistical analysis, regression analysis of panel data, logistic regression model feasibility test, classical assumption test, and hypothesis test. In this study shows that the audit opinion, solvency and the size of the company simultaneously affect the audit report lag. While partially the audit opinion has a negative effect on the audit report lag, and the solvency and size of the company have no effect on the audit report lag. Based on the coefficient of determination test, audit opinion, solvency, and company size affect the audit report lag by 10,1% and by 89,9% the remaining audit report lag is influenced by other factors that are note variables in this study. The novelty of this study is that the researchers renewed the research period to 2019-2022; research variables consisting audit opinion, solvency, company size, research targets; and treatment of the research population in the selection of research samples. The implication of this study is that the company is expected to immediately improve the company’s performance so that the opinion is better so that it is expected to help investors to make policies for the company so that the company can grow better in the future.

THE INFLUENCE OF PROFITABILITY AND LIQUIDITY TOWARDS FINANCIAL DISTRESS AND INSTITUTIONAL OWNERSHIP AS MODERATING VARIABLE

2024-01-24T21:55:29+07:00

Apart from looking at the financial statements, financial distress can also be caused by internal factors such as poor internal management and external factors such as the pandemic condition due to the Covid-19 virus which occured since 2019. The Covid-19 pandemic has disrupted normal life and triggered economic reduction all around the world. The property and real estate sector was one of the most affected sector by Covid-19. Most property prices had been dramatically dropped. The purpose of this study was to examine the effect of profitability and liquidity on financial distress and the role of institutional ownership in moderating the effect of profitability and liquidity on financial distress. The object of this research is the property and real estate sector which listed on the Indonesia Stock Exchange during 2018-2022 period. This research used 225 samples taken using purposive sampling technique. Data analysis was carried out with panel data regression. The results of this research is that profitability has a significant effect on financial distress, while liquidity and institutional ownership do not have a significant effect on financial distress. In addition, this research shows that institutional ownership can strengthen the influence of profitability on financial distress but weaken the effect of liquidity on financial distress.

THE EFFECT OF PROFITABILITY, SOLVENCY, AND COMPANY SIZE ON COMPANY VALUE IN VARIOUS INDUSTRIAL SECTORS IN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2018-2021

2024-01-26T03:05:06+07:00

This study aims to test and analyze whether Profitability, Solvency, and Company Size have an effect on Firm Value in various industrial sector Manufacturing Companies listed on the Indonesia Stock Exchange in 2018-2021. In this study, a different perspective and year period was used regarding the Company Value. This research takes the perspective of development and management. In this study secondary data were used. The sample of this study is manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2018-2021 using purposive sampling method. There are 10 companies that meet the criteria as research samples. This research uses quantitative methods. The research variables used are Profitability, Solvency, and Company Size. The tests used are statistical test analysis, classical assumption test, hypothesis testing (T test and F test) using the Eviews 12 program application. The results of this study indicate that the Profitability variable has a positive significant effect on Firm Value, Solvency has a negative significant effect on Firm Value, and Company Size has no effect and is not significant to Firm Value. Simultaneously, the results of this study indicate that the variables of Profitability, Solvency, and Company Size have an effect on Firm Value.

CUSTOMER DATA LEAKS AND CYBER ATTACKS IN BANKING INDUSTRY: A PHENOMENOLOGICAL RESEARCH

2024-01-27T08:34:35+07:00

There was a phenomenon of customer data leaks and cyberattacks on the banking sector in Indonesia some time ago. These phenomenon able to be concern for academics and practitioners in the banking industry to study. Appropriate Enterprise Risk Management in Banking in this study is a way of investigating these two phenomena. The main objective of this study is to examine the role of Enterprise Risk Management in the phenomenon of customer data leakage and cyber attacks in the banking industry using a phenomenological research approach. The phenomenological research method is a method in research to study how individuals subjectively experience and make sense of a phenomenon. The stages in identifying and analyzing the phenomenon of customer data leakage and cyber attacks in the banking industry had carried out at the beginning of the study. Then, giving meaning through the Enterprise Risk Management (ERM) framework analysis method. Finally the two risks of this phenomenon were described. The results of this study describe the risk phenomena that occur in banking related to customer data leaks and cyber-attacks through the Enterprise Risk Management framework approach. Proper Enterprise Risk Management will minimize the risk of customer data leaks and cyberattacks. This study is expected to contribute to making brief policy recommendations on risk management related to customer data leaks and cyber attacks for the Financial Services Authority in Indonesia, as the financial and banking regulator.

MOVING BEYOND VISUAL MERCHANDISING AT HYPERMARKET: A PRACTICE-BASED VIEW OF PRACTITIONERS

2024-02-01T13:41:28+07:00

Intense competition in retail markets has encouraged hypermarket retailers and product manufacturers to use various marketing tools and efforts in attracting consumers to purchase their products in the store. Visual merchandising is also utilized by retailers to create competitive advantage that other retailers might not have. Although visual merchandising has been applied and practiced in various retail store especially in supermarket, fashion, apparel, and department store, the in-depth analysis of what actually takes place in strategy formulating, planning and implementation visual merchandising at hypermarket should be carried out for further understanding from practitioners’ perspective. The main research objective of this study is to explore and understand the visual merchandising practices and its dimension particularly in hypermarket. Qualitative research was performed as a preliminary study for this research. Therefore, in-depth interviews with the practitioners that included managers and executives from Fast Moving Consumer Goods (FMCG) manufacturers, and hypermarket retailers were conducted to have more complete understanding of visual merchandising and its practices in the hypermarket. The research results show that hypermarket retailers and product manufacturers clearly recognize the important role of visual merchandising and its dimension in attracting consumer to browse the products in hypermarkets that lead to consumer impulse buying behavior. However, they also address some issues pertaining to visual merchandising. This paper summarizes relevant literature and presents a proposed framework to facilitate the practitioners and academicians as well as for future scholarly exploration in understanding the visual merchandising practices from hypermarket context.

CONSUMPTION BEHAVIOR AND ITS COMPARISON IN ISLAMIC AND CONVENTIONAL ECONOMIC PERSPECTIVES

2024-02-02T08:10:38+07:00

The purpose of this study is to determine Consumption Behavior And Its Comparison In Islamic And Conventional Economic Perspectives, this research method is qualitative with descriptive analysis of the source of this research data is the publication of journals, books, newspapers and other international journals related to consumption according to Islam and conventional. In the conventional economy, consumers are assumed to have a goal to obtain (utility) in their consumption activities. Utility linguistically means usefulness, helpfulness, or advantage. In the context of economics, utility is defined as the usefulness of goods felt by a consumer when consuming a good. This usefulness can also be felt as a sense of "help" from a difficulty because of consuming the item. Because there is this feeling, utility is often interpreted as a sense of satisfaction or satisfaction felt by a consumer in consuming an item. So, satisfaction and utility are the consequences that utility causes. In Islam, the purpose of consumption is not the concept of utility but benefit. The attainment of the maslahah is the goal of maqashid shari'ah.