This study aims to examine the effect of profitability, liquidity, leverage, and company growth on firm value, with dividend policy as a moderating variable, as well as Firm Size as a control variable. This research was conducted with documentation method, as well as sampling purposive sampling technique. This study was processed using the SPSS program, totaling 396 observations with data. Where the population is 146 manufacturing companies listed on the Stock Exchange during the period from 2013 to 2016, and the number of samples amounted to 108, 106, 94 and 112 companies, respectively. Profitability and high growth company are proven to increase of Firm Value, but liquidity and high leverage are proven to reduce Firm Value.
This study aims to determine the formulation of strategies that can be used in facing the challenges of implementation of innovation policies in realising sustainable development in the community environment with the case study of the Indonesia Village Government. The innovation policy aims to improve the quality in the use of village funds and also to encourage productivity and development in rural areas as well as build sustainable village capacity to improve the socio-economic welfare of the community and the independence of the village. This qualitative research uses a case study approach through field research in the village local government. We identified several challenges in the implementation of the innovation policy. In overcoming these challenges, as well as successfully implementing the policy, the role of innovative behaviour on the part of policy makers at the village level is importance. With an exploration strategy approach, entrepreneurial strategies and open and collaborative approaches used by various parties are also required in the successful implementation of innovation policy. The development of future research related to innovation policy relevant to the characteristics of rural communities is still very much needed.
This paper attempts to establish a causal relationship between a government micro and small enterprises (MSEs) credit promotion policy and MSEs' upward transitions and growth. Indonesian firm level data in conjunction with the cancellation of a mandatory MSE credit policy in 2001 by the Indonesian government are employed in the analysis. Firstly, estimations of the year-on-year micro to small size category transitions indicate the negative effect of the policy change on the upward transition of micro firms. Secondly, causal effect analysis using difference-in-differences (DiD) estimation, by employing the policy change as an exogenous shock on the MSE credit availability and setting medium and large enterprises (MLEs) as the counterfactual group, suggests that the policy cancellation reduces the probability of a micro firm to become a small firm by 1.3% relative to the MLEs' probability of transitioning between size categories. The negative effect on turnover growth is also identified.
Many fishermen in Indonesia have not fully utilized marine resources properly. However, the government has several ways to improve the welfare of fishermen in other sectors than the fisheries; one of them is connecting between fishermen, coastal and tourism. Meninting of West Lombok is a strategic coastal village for the tourism sector. This village has started to develop tourist destinations since 2011, unfortunately, there is no data on fishermen as a real interest group. This study develops a research pattern on fishing communities which generally discusses the social resources of fishermen and the political aspects of fishing communities separately. This study used a qualitative approach to the social mapping method. Data obtained through interviews and observations of purposively selected informants. The data related to fishermen resources are in maps, followed by an analysis of their accessibility to policy. Spatial aspects strengthen their social resources, interests, and accessibilities to coastal tourism development. The results show that the social resources of fishermen of Meninting Village are unevenly distributed in five dusun (sub-villages). Indicators shown are; capital ownership, mastery of knowledge and skills, ownership of production equipment, use of science and technology, ability to diversify production, fishermen's sociopolitical relations and ability to recognize the economic prospects of coastal tourism. Fishermen who live in areas directly facing the sea have better social resources and firmer interests in coastal development. The accessibility of fishing groups is limited in the development policy. Only fishermen in sub-village located in a coastal area can show themselves as defenders. While the fishermen who live far from the beach tend to be latent or even apathetic. This study recommends the need for other social mapping studies on the characteristics of coastal communities and the need for the government to use the social mapping information of fishing communities to formulate policies that contain regional aspects in coastal tourism development. ; Nelayan belum menikmati dengan baik kesejahteraan dari sumber daya laut Indonesia. Cara-cara meningkatkan kesejahteraan nelayan di luar sektor perikanan sudah dimiliki oleh pemerintah. Salah satunya mengaitkan nelayan, pesisir dan wisata. Meninting di Lombok Barat adalah desa pesisir yang strategis di sektor pariwisata. Desa ini sudah mulai melakukan pengembangan destinasi wisata sejak tahun 2011, namun sayangnya tidak ada data mengenai nelayan sebagai kelompok kepentingan yang riil. Penelitian ini mengembangkan pola penelitian-penelitian tentang masyarakat nelayan pada umumnya yang membahas secara terpisah antara sumberdaya sosial nelayan dan aspek politik masyarakat nelayan. Penelitian ini menggunakan pendekatan kualitatif dengan menggunakan metode pemetaan sosial. Data diperoleh melalui wawancara dan observasi terhadap informan yang dipilih secara purposif. Data terkait dengan sumber daya nelayan disajikan dalam bentuk peta, diikuti dengan analisis mengenai aksesibilitas mereka terhadap kebijakan. Aspek spasial memperkuat sumberdaya sosial yang dimiliki nelayan, kepentingan dan aksesibilitas mereka terhadap pembangunan wisata pesisir. Penelitian menunjukkan sumber daya sosial nelayan di Desa Meninting tersebar tidak merata pada lima dusun. Indikator yang ditunjukkan adalah; kepemilikan modal, penguasaan pengetahuan dan keterampilan, kepemilikan alat produksi, penggunaan ilmu pengetahuan dan teknologi, kemampuan diversifikasi hasil produksi, hubungan sosial-politik nelayan dan kemampuan untuk mengenali prospek ekonomi wisata pesisir. Nelayan yang tinggal di wilayah yang langsung berhadapan dengan laut memiliki sumberdaya sosial yang lebih baik dan kepentingan yang lebih tegas terhadap pembangunan pesisir. Aksesibilitas kelompok nelayan terbatas dalam kebijakan pembangunan tersebut. Hanya nelayan-nelayan di dusun pesisir yang mampu menunjukkan diri sebagai defenders. Sementara nelayan-nelayan yang tinggal berjauhan dari pantai cenderung latents atau bahkan apathetic. Penelitian ini merekomendasikan perlunya kajian sosio-spasial lainnya mengenai karakteristik masyarakat pesisir dan perlunya pemerintah memanfaatkan informasi sosio-spasial masyarakat nelayan untuk merumuskan kebijakan-kebijakan yang memuat aspek kewilayahan dalam pembangunan wisata pesisir.
Purpose The study aims to examine the military-connected firms' risk preference, specifically in the innovation intensity level context. The authors argue that firms with military-experienced top management have conservative and risk-averse behavior, influencing the innovation investment policy. Design/methodology/approach The authors use nonfinancial Indonesian-listed firms from 2010 to 2018 amounted to 2,504 firm-year observations. Findings The authors document a negative relationship between military connection with both innovation activities and outputs. The additional analysis documents that risk-preferences of military-connected firms will be drastically changed when the industry has a high digital level, which confirms that risk-averse military-experienced management is less dominant with adaptation skill. The authors also identify that veterans did not need a long tenure to influence firms' innovation investment policy. Lastly, the result is robust due to various endogeneity tests employed. Originality/value This study further examines military-connected firms' technological innovation compared to prior studies and enriches the related literature.
Indonesia as one of the countries of the G20 with the manufacturing sector as one of the largest energy user sectors. Energy use in the industrial sector is contributing as emitters. The greater use of energy, the greater the amount of emissions produced. The need for environmental policy declared by Jaffe et al (1995) in his research called Porter's Hypothesis, namely environmental policies may affect innovation and market creation. But in the long-term costs of policy or government spending is specialized in the field of environment will benefit the government itself which will increase the level of the efficiency of the country. This study aims to analyze how the level of efficiency of the manufacturing sector in the city - metropolitan city in Indonesia under natural policy and managerial disposability policy. Secondly, this study try to analyze and find the causes of inefficiency variables, where the role of technological innovation is very important in increasing the level of efficiency both operational and environmental performance. The data sample is 33 provinces within Indonesia. By compositing six variables, which is three input variables and three output variables. The output variable consists of desirable output (good output) and undesirable output (bad output). The input variables consist of labor, investment, and energy consumption, while the output variable consists of the GDP, SO2, and NO2. The research utilized Data Envelopment Analysis (DEA). The research result is the efficiency in the manufacturing sector in 33 provinces in Indonesia with two ways of measurement that has been determined by using arithmetic models shows that the province of large provinces such as Jakarta and West Java has a high efficiency in the industrial sector. For example, Jakarta has an average efficiency of 100% perfect in UENM efficiency measurements during the observation period 2012-2015.
This study aimed to analyze the measures the Government in strengthening the sovereignty of Indonesia in the border region, which includes the strengthening in the areas of national defense, science and technology, as well as strengthening in the field of foreign policy. Indonesia's national sovereignty repeatedly at stake in the face of the world when it happens to border disputes with some neighboring countries, namely Malaysia, Singapore, and the Philippines. As for the problem within the borders of sovereignty is related to a claim made by Malaysia against some of the areas that became the border area between the Republic of Indonesia and Malaysia. There are at least three cases of border disputes that make the relationship between Indonesia and Malaysia heats up, the Ambalat case, Sipadan-Ligitan, and recently is happening is Tanjung Datu. Indonesia and Malaysia border disputes does not necessarily happen. Dispute Indonesia and Malaysia on the border line in the waters of Sulawesi following a change in the ownership status of the islands of Sipadan and Ligitan, the border line on the island of Borneo (Ambalat), and the latter case that has yet to be resolved by the construction of the stake by Malaysia in Tanjung Datu (West Kalimantan). It is a trigger factor rift diplomatic relations the two countries.In this regard, there needs to the appropriate strategy with regard to strengthening the sovereignty of the Homeland border region is the duty of the Government in an effort to protect the people and maintain the territorial integrity of NKRI. Some recommendations dispute resolution sovereignty border areas studied in this paper, including: (1) Establishing institutional aspects of defense and security by providing strong security of island-outer islands, (2) Establishing institutional aspects of science and technology to conduct training on the management and conservation of resources natural resources (SDA) and the building of infrastructure and transport, as well as (3) to strengthen aspects of foreign policy with increased foreign cooperation with neighboring countries, especially with Malaysia.Keywords: Dispute, Border, Defense and Security, Science and Technology
This study aims to analyse the level of efficiency of zakat institutions in Indonesia between 2014 and 2018. Zakat institutions are divided into three clusters based on the organisation's nomenclature: the government, public, and private groups. The division of these clusters aims to see differences in the management of zakat funds between each group. This study uses a quantitative research approach through the Free Disposal Hull (FDH) method to produce a more comprehensive average efficiency estimation than the Data Envelopment Analysis (DEA). The sampling technique is purposive, and there are fourteen research objects observed. The government cluster is the cluster with the highest efficiency value. The private set comes in second, and the public group comes in third ranking. The high score that the government cluster earns is due to their primary business purpose, which focuses on managing zakat funds. The results of this study can be used as references for the policy establishment of zakat institutions in Indonesia.
Using the accounting ecology framework developed by Gernon and Wallace (1995), this study aims to examine the reasons Indonesia adopted the International Financial Reporting Standards (IFRS). Data were extracted from the accounting policy makers' offices based in Indonesia including the DSAK, DPN IAI, and Bapepam-LK. In-depth interviews were conducted and data were then processed via thematic analysis, a method used for identifying, analyzing, and reporting themes/patterns noted in the data (Gray, 1988). Results noted from this study revealed four themes which served as reasons behind Indonesia's adoption of the IFRS. The first reason is that Indonesia was dominated by the desire to serve the interests of global business. The second reason is that Indonesia wanted to act as a social accounting actor as it was now in the position to act as a standard buyer. The third reason is that Indonesia is in the position of swift current globalization. Finally, Indonesia is under the political pressures exerted by foreign parties.
While Indonesia has been experiencing relatively considerable and stable economic growth in the last decades, the country is prone to income disparity across regions due to uneven distribution of population, natural resources and the persistent impacts of centralized development imposed by the New Order regime. This study examines the economic growth convergence in East Java, Indonesia, from 2010 to 2019 and explores the influence of government expenditure on education, health, and capital sector on the economic growth convergence. By considering spatial dependence across regions, the result shows no strong evidence of regional income convergence in East Java. Also, this research claims the presence of spillover effect of government expenditure on education and capital sector on regional income growth. Notably, higher government expenditure of the education sector in one region could stimulate higher economic growth of its neighboring regions. Conversely, higher government expenditure on the capital sector in one region may lower the economic growth of its surrounding regions.
Indonesia has a long history in the agricultural management sector. The economic development in Indonesia shows that the development of the agricultural sector has a made great contribution to the change in the Indonesian economy. Agriculture also has an important role in providing employment. providing raw materials for other sectors. as foreign exchange. and as the basis for the food security of the Indonesian population. In the national policy. the government has prioritized the subsidies in the agricultural sector to stimulate it to be more productive. This research has some aims i.e.: to describe the role of the agricultural sector based on the distribution of household income groups in Indonesia; to describe the impact of household income level groups if the subsidies in the agricultural food sector or Indonesia have increased. The research was conducted by using the analysis of Social Accounting Matrix (SAM) with 2008 database. The food sectors are classified into: sector production of: rice. corn and soybeans. other crops. poultry meat (traditional farms). poultry meat (medium and large farms). eggs. forestry and hunting. fishing and others. The results of the study after the policy injection (simulation) show that the food industry has experienced a significant increase in productivity among the economic sectors. Agricultural entrepreneurs are the group that experienced a high increase in income among farming households. In addition. linkage analysis showed that the commodities of other food industries has experienced forward and backward linkages.
The Indonesian government launched a new people's business credit program as part of a package of economic policy and deregulation. The interest rate is set lower than the average of the current loan interest rates, especially when compared with rural bank interest rates. To capture the social spatial aspects, quota sampling is applied to ten areas that divided based on the social culture. Further, the method utilized in this research is logit models, which designed to analyse the determinants of asymmetric information particularly on the rural bank and small micro enterprises. The study was conducted in East Java as the province with the largest number of rural banks in Indonesia. Based on the estimation of asymmetric information model to the respondent of rural banks and small businesses, the result shows that adverse selection can be avoided by strengthening the information about prospective borrowers. Regarding moral hazard, rural banks and small businessmen argued that the imposition of the collateral to the debtor has an important role to avoid moral hazard. Rural bank respondents stated that the KUR program with low-interest rates has affected their business development. The results implied the need of broadening the collaboration schemes between this people's business credit program and rural banks.
This paper investigates the association of religiosity and trust to community participation or volunteering in development. Social trust is measured in several indicators, is an important aspect of development process, since social trust related to many development outcomes, such as growth, democratic stability as well as subjective well- being. In economic terms, when people trust each other, transaction cost can be reduced, organization can perform better, government policy could stimulate output faster, and many more. Utilizing Indonesia Family Life Survey (IFLS) wave 2014 this study finds the following results. Firstly, social trust closely associated with individual characteristics. Maturity, better educational and income level improve individual trust and individual participation in community activities. Secondly, individual subjective report about religiosity strongly associated with willingness to participate in various community activities. Policy relevant with this finding it is important to promote tolerance and religiosity, as these aspects can improve social trust. Social trust closely associates with more participation in community activities for accumulating public services and public goods. As more public services and public goods are available, nationally better welfare can be promoted.
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.