Suchergebnisse

In Indonesia, the level of compliance with mandatory disclosure in the State-Owned Enterprises still low. The low level of compliance of mandatory disclosure convergence of IFRS would indicate a lack of application of the principles of corporate governance in State-Owned Enterprises in Indonesia. Thus this study aims to examine how the role of corporate governance on the level of compliance with mandatory disclosure convergence of IFRS on State-Owned Enterprises in Indonesia. Measuring the level of convergence of IFRS mandatory disclosure compliance in this study using the Deloitte IFRS Presentation and Disclosure Checklist. By using purposive sampling technique, the sample used 6 that State-Owned Enterprises listed on the Indonesia Stock Exchange in 2008-2012. The average level of mandatory disclosure compliance at 70,6%. The results indicate that the number of commissioners and the number of audit committee members have effect on the level of compliance with mandatory disclosure of IFRS convergence, while the proportion of independent commissioner, education background of president commissioner and the proportion of women commissioners are not effect on the level of compliance with mandatory disclosure convergence of IFRS.Key words: Corporate Governance, the Level of Compliance, Mandatory Disclosure, Convergence of International Reporting Standards, Board Commissioner, Audit Committee

This study aims to analyze: (1) The effect of implementation of internal controls, implementation of organizational culture and total quality management implementation both partially and simultaneously to the application of good governance, (2) The effect of implementation of internal controls, organizational culture and total quality management both partially and simultaneously to organizational performance and through the implementation of good governance and (3) The effect of application of good governance on the performance of the organization and through consumer confidence.The study uses 50 active-LAZ population targets at Forum Zakat as the active member, while processed data is 41 of target sample of 34. the sampling method used is proportionate stratified sample. The study uses primary and secondary data. An analysis instrument used is structural equation modeling (SEM) with partial least square (PLS). The exogenous variable consists of (1) Internal control implementation; (2) Organization culture implementation; and (3) Organization culture.The results show that in both partially and simultaneously an implementation of internal control, organization culture, and total quality management influences positively and significantly on the good governance. The simultaneous influence of 54.90% and the remains is of 45.10% described and influenced by unobserved factors. Partially, an influence of internal control is of 24.60%, organization culture of 13%, and total quality management is of 17.30%. The research gives evidence in both partially and simultaneously on implementation of internal control, organization culture, and total quality management to the employee performance and the good governance. Simultaneously, the influence is of 41.60% and the remains about 58.60% influenced by unobserved factors including an implementation of good governance and customer thrust. Partially, an influence of internal control implementation and good governance is of 12.90%, culture organization and good governance is of 18.90%, and total quality management and good governance is of 9.80%. Finally, the study shows that an influence of total implementation to the organization performance by customer trust as the intervening variable is 18.20%. Directly, an implementation of good governance is of 13.80% and indirectly or under customer trust is of 4.40%.

Purpose of the study: This study aims to explain the effect of Islamic Banking Intellectual Capital and Islamic Social Reporting on the Islamic Financial Performance Index of Sharia Bank Indonesia. Methodology: The data obtained in this study consisted of a total of 368 from annual financial reports and sustainability reports that were officially published by each Islamic bank in Indonesia. The analytical method used in this study is the Partial Least Square (PLS) method which is processed with SmartPLS 3 software. Main Findings: There is an essential influence on the implementation of Islamic Banking Intellectual Capital and Islamic Social Reporting on Islamic Financial Performance in Islamic Banking in Indonesia. This finding also shows that intellectual capital and social reporting by Islamic banks have a significant positive effect on the financial performance of Islamic banks in Indonesia. Applications of this study: This research will help next researchers to develop research in the banking world and can be used by banking institutions to become scientific input. Besides, mobilizing and using intangible resources properly will improve the financial performance of an organization. Novelty / Originality of this study: The existence of Islamic Banking Intellectual Capital combined with Islamic Social Reporting can affect and improve the competitiveness of Islamic Banking in Indonesia. This study will be a complete research and provide clear information for practitioners and academics.

AbstrakMining industry is an important industry for central government as sources of fund tofinance the country development. Therefore, the performance of companies in thisindustry has been being an interest of academics and pratitioners. However, lessattention has been given on the role of corporate governance in moderating therelationship between dividend policy and performance. with uniqueness of Indonesiacorporate governance system, this study will enrich the dividend policy and corporategovernance literatures. This study aims to investigate the corporate governance role inmoderating the relationship between dividend policy and performance. Besides, this studyalso look atthe effect of dividend policy andperformance. with final sample of 21companies for 3 years, we use the moderated regression analysis (MRA). Beforeregressin run, we conduct several analysis, such as normality. The means score of eachvariabel (ROA, DPR, PO, CA, and CS) shows that 4.77%, 32%, 29.6%, 23 years, and Rp.13,6 T. The first hypothesis is accepted with positive direction. However, the effect ofcorporate governance on performance is not significant due to the higher significantvalue. therefore, the second hypothesis is rejected. However, the third hypothesis isaccepted at 10%. The interaction of dividend policy and corprote governance and itseffect on performance is explained by the agency theory. Practically, the companies mustimplement the corporate governance effectively.Keyword: Dividend Policy, Corporate governance and Companies performance.

The majority of the population in Indonesia conducts trading businesses, one of which is in the culinary field. Not a few of the business actors who do not maintain the cleanliness of their food or place, even though Muslims are encouraged to carry out compliance where activities operate in accordance with Islamic Sharia provisions, both in terms of the process of making food and muamalat. The focus described in this discussion is (1) to find out the implementation of Sharia Compliance on MSMEs in Bangkalan; and (2) to find out the analysis of Sharia Compliance effect on the development of MSMEs in Bangkalan. This research used qualitative research with sociological normative research Islamic law literature and connecting it to the fact in the field. Data was collected through direct observation, interview, and documentation. Data was analyzed in descriptive analytical which provided detail description. Hence, the conclusion is obtained from the analysis of the problems which studied inductively based on a number of empirical data to compile a general explanation and conclude on the phenomenon being studied. The result of this research indicated that several MSMEs in Bangkalan have implemented Sharia principles. The effect of Sharia Compliance is very significant for the development of MSMEs in Bangkalan which can be seen from the opening of branches and the increase in business assets, and because most Madurese people are Muslims and a Muslim is obliged to choose halal and toyyib food.Keywords: Sharia Compliance; Development; MSME

This study investigates the effect of income diversification on bank performance and risk for government owned banks in Indonesia. This study uses return on assets (ROA) for bank performance and standard deviation of return on assets (SDROA) for bank risk. Using a data set of government owned banks in Indonesia during the period 2012-2016, we find evidence that income diversification is positively related to bank performance (ROA). Income diversification is positively related to bank risk. We find that income diversification increases performance and also risk for government owned banks.

The role of institutional ownership in the financial markets became very important. However, until today there is no consensus among researchers about the influence of institutional ownership on the characteristic of stock market. Therefore, researchers are motivated to conduct further research the influence of institutional ownership on the characteristic of stock market. The research conducted at the Indonesian Stock Exchange with traded spread and adverse selection costs as dependent variable and institutional ownership as independent variable. In addition to institutional ownership, also used standard deviation of common stock price and trading volume as a control variable to clarify the relationship of institutional ownership on the characteristic of stock market. The study was conducted on 120 firms with observations in the period 2010-2011. All the required data obtained from the Indonesian Capital Market Directory. The results showed that: First, institutional ownership has a negative and significant effect on traded spread. Second, the variability of traded spread is able to be explained by the variability of institutional ownership, standard deviation of the stock price, and trading volume 24.8 percent. Third, institutional ownership has a negative and significant effect on adverse selection costs. Fourth, the variability of adverse selection costs is able to be explained by the variability of institutional ownership, standard deviation of the stock price, and trading volume 26.2 percent. Fifth, the relationship between institutional ownership to traded spread and adverse selection cost before and after entering the control variables remain negative and significant.

Purpose The purpose of this paper is to investigate whether performance management system (PMS) has a positive effect on organizational performance. Furthermore, it also investigates whether intellectual capital (IC) mediates PMS-organizational performance relationship. Design/methodology/approach This study is designed as a quantitative research employing a partial least squares structural equation modeling (PLS-SEM). Using an online survey, data are collected from the HEIs managers under the Ministry of Research, Technology and Higher Education, the Government of Indonesia (MRTH-GOI). This research uses a mediation model approach to test the indirect effect of IC. Findings The results reveal that PMS has a positive direct effect on organizational performance of the HEIs in Indonesia. Further analysis proves that IC partially mediates PMS-organizational relationship. Research limitations/implications This research is context-specific for Indonesia and caution should be used when generalizing it to other countries. It implies that the better the organizational performance of the HEIs, the better the quality of life in the society. PMS and IC play a crucial role in the era of knowledge economy. Practical implications The HEIs managers should design and implement a reliable PMS. They also should properly manage the IC (human capital, structural capital, relational capital) so that they can enhance organizational performance in areas of teaching, research and community service as the core business of the HEIs. Social implications As the global education competition has become a serious issue in each HEI in Indonesia, the results of this study contribute to providing an approach on how to achieve a better organizational performance which brings more benefits to the society. The HEIs display a strategic role in improving the quality of life of society. The knowledge economy requires society to enhance the quality of education at all levels. This research model and results provide empirical evidence of the importance of IC which mediates the relationship between PMS and organizational performance. When the HEIs in Indonesia implement this model of managing IC, the society will get more benefits in terms of the improvements in the quality of education, teaching, research and community service from the HEIs. The better the HEIs performance, the better the quality of life of the society in the era of knowledge economy. Originality/value This research brings together issues that are usually examined separately in previous studies. It employs a mediation research model to explore the central role of IC in PMS- organizational performance relationship which is rarely researched. This is also the first study exploring the three constructs of PMS, IC and organizational performance in the Indonesian HEIs research setting.

The development of sustainable manufacturing industries is the strategy and policy of Indonesia government. The purpose of this research to examine and analyze the impact of labor, capital, material, and energy consume in 2012-2015 to output of manufacturing industries sector based on 2 digits code. The other purpose is to analyze and examine the factor affecting the output of manufacturing industries sector and Total Factor Productivity. The methods that used in this research is regression with panel data and TFP OLS. The result show that labor, capital, material, and energy consume have significant positive effect to output f manufacturing industries sector, while the TFP result is positive.

Purpose This study examined the effect of different types of politically connected (PCON) Malaysian firms on analysts' forecast accuracy and dispersion. Design/methodology/approach The study identified different types of PCON firms according to Wong and Hooy's (2018) classification, which divided political connections into government-linked companies (GLCs), boards of directors, business owners and family members of government leaders. The sample covered the period 2007–2016, for which earnings forecast data were obtained from the Institutional Brokers' Estimate System (IBES) database and financial data were extracted from Thomson Reuters Fundamentals. We deleted any market consensus estimates made by less than three analysts and/or firms with less than three years of analyst forecast information to control for the impact of individual analysts' personal attributes. Findings The study found that PCON firms were associated with lower analyst forecast accuracy and higher forecast dispersion. The effect was more salient in GLCs than in other PCON firms, either through families, business ties or boards of directors. Further analyses showed that PCON firms—in particular GLCs—were associated with more aggressive reporting of earnings and poorer quality of accruals, hence providing inadequate information for analysts to produce accurate and less dispersed earnings forecasts. The results were robust even after addressing endogeneity issues. Research limitations/implications This study found new evidence of the impact of different types of PCON firms in exacerbating information asymmetry, which was not addressed in prior studies. Practical implications This study has a significant practical implication for investors that they should be mindful of high information asymmetry in politically connected firms, particularly government-linked companies. Originality/value This is the first study to provide evidence of the impact of different types of PCON firms on analysts' earnings forecasts.

Systematic change of the local election candidate has given many opportunities for regional head proposed by both political parties as well as of individuals, therefore it directly has created a high intensity of competition in local elections.One of the areas that experienced the high level of competition in regional head elections is West Pasaman. Among the broad factors that are able to impact constituents election namely candidate image, trust, political promotion, and money politics. The purpose of this research is to inversigate the effect of candidate image, trust, political promotion, and money politics on constituents decision of regional head election. The population of this study is all constituents which located in west Pasaman I that accounted for 59,332 constituents. The numbers of useful samples were 398 constitunets by performing quota sampling method. In order to conduct hypotheses development, this research performs multiple regression analysis by using Statistical Package for Social Science (SPSS) version 19.0. The results of analysis found that 1) candidate image, trust, political promotion, and money politics positively and significantly affect constituents decision of regional head election. 2) Trust is found to have the strongest effect constituents' decision of regional head election, and then followed by candidate image, political promotion, and money politic respectively. 3) Constituents decision of regional head election is explained by candidate image, trust, political promotion, and money politics approximately 35.8%. The results of analysis provide practical implication to candidates of regional head election that in order to win election competition future, it is recommended to consider the factors of trust, candidate image, political promotion as well as money politics. Keywords: Image, Trust, Political promotion, Money Politics, and Constituents Decision.

This research examined the effect of stock liquidity on the propensity to pay dividend for 254 Indonesian public listed firms during the period of l 2011 and 2015. Stock liquidity implies transparency level and serves as market monitor for management performance in using the cash flow. Furthermore, this research examines the impact of stock liquidity on dividend payment in the presence of agency conflicts using agency proxies, wedge and government ownership. This paper employed multivariate probit regression. The baseline model has controlled for time in-variant and industry sectors. Robustness checks are employed to present consistent result for other stock liquidity measures. The results confirm the predicted dividend model outcome and prove the contradiction in dividend signaling theory.

In the current era of technology and information, the government is trying to improve accountability and transparency to the public by launching a Good Governance program to be implemented at both the central and regional levels. at the village level The management of village funds must be managed with good governance in accordance with the principles of Good Governance so that there is no misuse in the use of village funds. Purbalingga Regency is one of the areas that has implemented SISKEUDES with 224 villages in Purbalingga Regency. Village Financial System application (SISKEUDES) to facilitate the management of APBDes. In its implementation, when using SIKEUDES, there are problems, including when filling in the data to the system, there are parameters that are not available, so that the system operator has difficulty in the process of filling in parameters. The purpose of this study is to analyze the factors that play a role in affecting the satisfaction of SISKEUDES operators in Purbalingga Regency using the EUCS method. The results of this study that the content, accuracy and format factors have no effect on SISKEUDES operator satisfaction, while easy of use and timeliness have an effect on SISKEUDES operator satisfaction in Purbalingga district. The resulting regression equation Y = 5,505 - 0,061X1 - 0,048X2 + 0,068X3 - 0,230X4 - 0,206X5 ; Di era Teknologi dan informasi saat ini, pemerintah berupaya meningkatkan akuntabilitas dan transaparansi kepada publik dengan meluncurkan program Good Governance untuk diimplementasikan baik ditingkat pusat maupun daerah. pada tingkat desa Pengelolaan dana desa harus dikelola dengan tata kelola yang baik sesuai prinsip-prinsip Good Governance agar tidak terjadi penyelewengan dalam penggunaan dana desa. Kabupaten Purbalingga menjadi salah satu daerah yang telah menerapkan SISKEUDES dengan jumlah desa di Kabupaten Purbalingga sebanyak 224 desa. Aplikasi Sistem Keuangan Desa (SISKEUDES) untuk memudahkan pengelolaan APBDes. dalam implementasinya pada saat menggunakan ...

Purpose One of the strongest connections in politics in developing countries is through military links. This study aims to examine the auditor choice preference of the militarily-connected firms in Indonesia, an emerging country where there is a strong influence from the military on political decision-making. Design/methodology/approach The analysis used 3,473 firms-year observations listed on the Indonesian Stock Exchange spanning from 2003 to 2017 using regression and other statistical tests. Findings The results reveal that firms with a militarily-connected director are less likely to appoint one of the Big 4 auditors. Using the military reform as a natural experiment, the finding shows that militarily-connected firms did not change their auditor choice preference even after the military reform. Interestingly, I find that connected firms are associated with high earnings management. In addition, the different retirement position level and military affiliations of the connected directors generate different outcomes related to the auditor choice decision. Overall, the results indicate that militarily-connected firms were less likely to appoint one of the Big 4 auditors both before and after the military reforms. These results are robust, even after the author controlled for political connections, year fixed effects and industry fixed effects. Research limitations/implications Because of the limitations of the prior literature on military connections, this study is developed based on the assumption that the militarily-connected directors have identical behavior whether they serve in either public or private companies. However, this assumption could be invalid which potentially affects the interpretation of some of the results in this study. Originality/value This paper provides direct evidence of the auditor choice preference of firms with a military connection. The evidence builds on the existing literature on the difference in auditor choice preference between politically and militarily-connected firms.

Brain gain is one approach innovation to the regeneration of agriculture and ruraldevelopment actors who are a warm discourse in the world. Independence developmentof agribusiness young actors (AYA) are educated and skilled representation of brain gainprocess. As a complex process, brain gain needs to be initiated and developed into aregeneration policy in Indonesia. Quality management business perspective asserts, toarrive at a policy, it is necessary strategies. This study aims to formulate a independencedevelopment strategy of AYA. Articles that are designed in mixed method describes thelevel independence of AYA and formulate independence development strategy of AYA usinganalytical tools SEM and SSM. The study shows, the level independence of AYA relativelyless, particularly aspects of quality and competitiveness. Hybrid and collaborative strategycan be done to strengthening aspects of readiness, personal factors, pull factors and pushfactors the significant effect, both quantitatively and qualitatively. ; Brain gain is one approach innovation to the regeneration of agriculture and rural development actors who are a warm discourse in the world. Independence development of agribusiness young actors (AYA) are educated and skilled representation of brain gain process. As a complex process, brain gain needs to be initiated and developed into a regeneration policy in Indonesia. Quality management business perspective asserts, to arrive at a policy, it is necessary strategies. This study aims to formulate a independence development strategy of AYA. Articles that are designed in mixed method describes the level independence of AYA and formulate independence development strategy of AYA using analytical tools SEM and SSM. The study shows, the level independence of AYA relatively less, particularly aspects of quality and competitiveness. Hybrid and collaborative strategy can be done to strengthening aspects of readiness, personal factors, pull factors and push factors the significant effect, both quantitatively and qualitatively