Accounting and Financal

Paper ini menganalisa perilaku trader yang merupakan isu utama didalam market microstucture, karena perilaku ini dapat mempengaruhi inefisiensi pasar. Perilaku ini menetukan bid-ask spread yang komponennya terdiri dari order-processing cost, adverse selection cost dan inventory holding cost. Dengan mengetahui perilaku trader dalam menentukan spread, kita akan mengetahui perilaku perubahan nilai tukar dalam jangka pendek, dimana hal ini sangat penting bagi pelaku pasar didalam menjalankan bisnisnya.Dengan menggunakan nilai tukar Rupiah terhadap US dollar, diketahui bahwa order processing cost adalah komponen spread yang paling kecil. Hal ini tidak mengejutkan karena pasar valuta asing merupakan pasar yang sangat kompetitif. Sedangkan porsi terbesar dari komponen spread adalah inventory holding cost, hal ini disebabkan karena adanya opportunity cost dan resiko perubahan kurs. Adverse selection cost adalah komponen spread terpenting kedua. Hal ini dikarenakan Bank Indonesia melakukan i...

The study aims to explain the extent of risk disclosure of Indonesian non-listed banks' annual reports and to investigate the determinants which drive non-listed banks to disclose their risk. Risk disclosure is measured by Indonesian risk keywords divided by total number of sentences in annual reports. The result showed that total number of risk keyword, sentences and risk disclosure in annual reports has an upward trend. Leverage and profitability have negative association with risk disclosure. Aggregated firm characteristics affect non-listed banks to disclose their risk. This result constructs a new method for measuring risk disclosure and enriches the literature related to agency and signalling theories.

The purposes of this paper are to investigate the Corporate Social Responsibility (CSR) reporting information at Indonesia sharia banks based on Sharia Enterprise Theory and explores the potential effects of Corporate Governance (CG) elements, Return on Equity (ROE) on CSR based on sharia enterprises theory, with size as the moderating variable. Using the sample of 10 sharia banks which published annual reports, CG, and CSR reports above the year 2014 to 2016, the panel data are examined by regression. The statistic test reveals that size is not fit as a moderating variable in testing the effect of CG and ROE on CSR. Aggregately, GCG, Size and ROE influence CSR. Large and high-profit sharia banks which apply good corporate governance will implement CSR by considering horizontal and vertical accountability based on Sharia Enterprise theory. This study makes a significant contribution to the Corporate Social Responsibility (CSR) and enterprise theory by offering Sharia Enterprise theory as the foundation of the CSR implementation at sharia banks.

The purposes of this research are to analyze the effect of compensation, motivation and work environment on performance; to analyze the influence of compensation, motivation and work environment on job satisfaction; to analyze the effect of job satisfaction on performance; and to analyze the influence of compensation, motivation and work environment on performance through job satisfaction as the intervening variable. This research was conducted in the Secretariate of Pasuruan Regency with 135 respondents in all departments. The results of the research exhibited that there is a significant and positive influence between independent variable of compensation, motivation and work environment to dependent variable of performance; there is a significant and positive influence between compensation, m work environment, and job satisfaction; there is a significant and positive influence between job satisfaction on performance; and there is a significant and positive indirect influence between independent variable of compensation, motivation environment on dependent variable of performance through job satisfaction variable as the variable.

This research aim is to examine the effect of good corporate governance (GCG) on Corporate Social Responsibility (CSR) with profitability, size and leverage as moderating variables at District Development Banks (BPD) in Indonesia. The legitimacy theory, agency theory and stakeholder theory are employed as underpinning theories. The sample of this study is 15 of BPD which issued annual reports, GCG and CSR reports above the year 2011 to 2015. The independent variable is GCG, and CSR as the dependent variable. The CSR is scored by 78 disclosure items. The GCG is proxy by number of commissaries board; number of audit committee, quality of external auditor, and ownership of managements. For testing the effect of GCG on CSR with moderating variables, Moderated Regression Analysis is employed. The result indicates that GCG affects CSR. Size, Leverage and Profitability respectively is not able to moderate the relationship between GCG and CSR. Size, Leverage, and ROE aggregately influence CSR.

The aim of the current study is to analyse the association between the determinants and the value relevance of risk disclosure in the Indonesian banking sector. The purpose will be derived into four research objective: to measure the extent of risk disclosure in the Indonesian banking sector; to compare the risk disclosure practice between listed and unlisted banks, and between Islamic and non-Islamic banks; to study the determinants of risk disclosure and what factors affect a bank's decision to disclose risk information; and to analyse the value relevance information on risk disclosure of listed banks, unlisted banks, Islamic banks, and non-Islamic banks. Agency theory, signalling theory, stakeholder theory, and communication theory were used for underpinning theory. The annual reports of 120 banks which released between 2008 and 2012 were employed for testing in this research. Risk disclosure was measured by the number of Indonesian risk keywords divided by the number of Indo...

Air Asia Berhad is very well-known as the low-cost airline, the headquarter is located in Kuala Lumpur, Malaysia. It is the largest airline in Malaysia by fleet size and destinations. It has consistently been named as the world’s best low-cost carrier for 11 years by Skytrax. Low-cost plan helps the company to earn profit in fact. However, in 2020, the revenue of Air Asia Berhad has decreased terribly due to the Covid-19 pandemic. Covid-19 pandemic began to spread in the final week of January 2020 at Malaysia and until this moment in time, the whole world is still facing the pandemic. It is also known as Coronavirus which can be spread through air and close contact. Due to Covid-19 pandemic, the passengers carried has been decreased by 74% by January to December 2020 on comparison with January to December 2019 which directly implies less revenue generation. Furthermore, many of the staff has been laid off. The particular aim for this research is to determine the factors affecting th...

The purpose of this study is to analyze the influence spiritual leadership and reward toward employee performance with quality of work life and job satisfaction as mediating variable. The object of research in this study is Pasuruan Regency Transportation Office. Data analysis uses the Partial Least Square method with the software of SmartPLS. Data is collected by distibuting questionnaire to all of 86 staff as the respondents. The results show Spiritual leadership does not affect the employee performance; reward has no effect on employee performance; Spiritual leadership does not affect employee performance mediated by the quality of work life; Reward cannot influence employee performance through the quality of work life as a mediating variable; Spiritual leadership does not have an effect on employee performance which is mediated by quality of work life; the indirect effect between reward on employee performance through mediating job satisfaction is significant; The quality of wor...

This study aims to investigate Malaysian and Indian consumers’ preferred ways of shopping, the reasons behind their choices, and problems of transactions they faced during the pandemic. Data were primarily collected through a survey distributed to 200 respondents. The study concluded that it is unlikely for online shopping to replace traditional shopping as many consumers remain value physical examination of the products prior to purchase. However, many have opted for online shopping for its various advantages. Regardless of which method of shopping, respondents face similar problems in their transactions. The findings of this study may serve as a guideline for businesses to integrate into online shopping platforms for potential future development.

The aim of this study is to analyze the reaction of the Indonesian and American capital markets to the events of the 2016 America presidential election. The method used in this research is event study to analyze market reaction and test t-test (paired samples t-test) to analyze difference of high low spread (high and low price difference), stock price average, stock returns and trading activity volumes (TVA) before and after election events. For Indonesia, the sample in this research is 30 companies of LQ45 while for America is 30 companies of Dow Jones Industrial Average (DJIA). T-test were be used to test market reactions before and after the events of the presidential election. The results show that in Indonesia, statistically before and after the US presidential election, the average spreads, stock prices and TVA are different and decrease. While in America, the spread value, the average stock price and TVA are different and increased. The US presidential election in 2016 contains meaningful information for investors, where president election events can be one of the factors that affect the capital market.

The purpose of this research is to measure the performance of PT. Bank Mayapada International Tbk, uses four perspectives in the Balance Scorecard method and makes a strategy map. The data analysis technique used is descriptive analysis using the balanced scorecard measurement including financial, customer, internal business processes and growth and learning perspectives. The data source used is secondary data from the annual report of PT. Bank Mayapada International, Tbk for the period 2017-2019. The results showed that the measurement of the balanced scorecard from the perspective of finance, customers, internal business processes at PT.

With the advancement of technology in this 21st century, food delivery services have emerged as a new wave in the food and beverage industry. People can now order the food with a simple click of a button. This study analyzes the factors influencing consumers’ behavioral intention to use the food delivery apps-Foodpanda. Both primary and secondary data were collected through various sources. An online survey form was prepared to collect information from 100 respondents. The results indicated that factors including price, information quality and the perceived usefulness of the Foodpanda application have significant influences toward the consumer behavioral intention to use the food delivery service.

This study aims to analyse the current practices of disclosure of financial and non-financial reports of waqf institutions in Indonesia; to identify the performance indicators concerning social economic and governance impact of waqf; to suggest the best reporting framework for waqf institutions in Indonesia. A qualitative method was employed to measure the content analysis of annual report. Data are collected by downloading annual reports of waqf institutions from their website. Twenty waqf boards of 201 registered waqf institutions as the sample of participants. The disclosure of performance reports were measured by counting 57 disclosure items. The results indicate that waqf boards in Indonesia do not have a guidance or list for reporting their activities; methods on how to assess waqf board performance and the impact of waqf on social-economic and governance. They did not comply with 57 disclosure items, and none of waqf board reported the impact of waqf on social-economic and le...

Penelitian ini bertujuan mengkomparasikan jumlah pendapatan para pedagang di pasar tradisional sebelum dan sesudah munculnya minimarket di Kota Malang serta mengetahui permasalahan yang dihadapi pedagang di pasar tradisional berkaitan dengan keberadaan minimarket. Penelitian ini dilakukan di 6 pasar di kota Malang. Responden terbagi menjadi dua yaitu responden pedagang dan responden pembeli. Dari hasil penelitian disimpulkan bahwa 66% responden pedagang menyatakan keberadaan minimarket berpengaruh terhadap penurunan pendapatannya. Dari hasil uji beda membuktikan bahwa terdapat perbedaan rata-rata pendapatan para pedagang di pasar tradisional sebelum dengan sesudah munculnya minimarket. Beberapa hal yang dapat mempengaruhi lesunya pasar tradisional antara lain munculnya keberadaan minimarket, pesaing lain seperti pedagang sayur keliling/mlijo dan toko pracangan, kondisi pasar tradisional yang kurang baik. This research aims to compare the earning of traders in traditional markets bef...

This study aims to determine the effect of inflation, interest rates, and the Covid-19 pandemic condition on the Jakarta Composite Index (JCI) and the difference of the JCI before and after the Large-Scale Social Restrictions (LSSR). Data were collected from January to August 2020. This study evaluates the effect of inflation, interest rate, the Covid-19 Pandemic on the JCI by the t-test and regression, while the Wilcoxon Test tested the JCI before and after LSSR. The results revealed that inflation, interest rates, and the Covid-19 pandemic partially and simultaneously affected the JCI. All shares traded in the Indonesia Stock Exchange indexed by the JCI before LSSR are different from the JCI after LSSR.

The circulation of money in a country is influenced by several factors, namely e-money, GDP and inflation. The increased use of e-money should be able to increase the circulation of money so that GDP increases and suppresses inflation. The purpose of this research is to determine the effect of electronic money (e-money), Gross Domestic Product (GDP) and inflation on velocity of money in 3 countries in ASEAN using a quantitative descriptive approach. The data analysis technique used is Multiple Linear Regression and using Eviews 9, the population of this study was 324 financial reports from the three countries in ASEAN consisting of Indonesia, Singapore and Malaysia. The results of this study are that e-money, GDP and inflation have a significant effect on the circulation of money in the three countries in ASEAN.

This study aims to examine the effect of profitability, growth opportunity, and capital structure on firm value at non-go public banks. The type of data used in this study is secondary data. From a population of 103 companies, 20 companies were obtained as samples with a period of year 2016-2020 taken by random sampling method. The analytical method of this study uses multiple linear regression analysis with SPSS version 16. The results show that profitability, growth opportunity, and capital structure have a joint effect on firm value. Profitability and capital structure have an effect on firm value, growth opportunity has no effect on firm value. Profitability, growth opportunity, and capital structure simultaneous affect firm value.

The purpose of this research is to study and analyze the determinant factors of nonperforming loan in retail and commercial working capital commercial banks' interest margin in Province Nanggroe Aceh Darussalam (NAD) Indonesia. This study extends the literature on the determinants of NPL through investigating whether banks XYZ in NAD anticipate non-performing loans by provide information about the factors that cause non-performing loans and how alternatives are resolved. This study implies in broaden knowledge and share the experiences of researchers as practitioners in the banking sector and as a comparison between theoretical concepts and the existing reality conditions as a result of research.