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The Second International Conference on Economics, Business and Social SciencesAtria Hotel, Malang, 25 April 2019

UNDER-PRICING PHENOMENON IN ASIAN INITIAL PUBLIC OFFERINGS

Ali Albada, Othman YongUniversiti Kebangsaan Malaysia

AbstractThis paper reviews the current status of IPO research in Asia, especially when it comes to the issue of the under-pricing phenomenon. This interest stems from the increasing attention that some of the Asia Pacific region countries have, due to their higher average initial returns in comparison to other developed and developing countries. In this review, we identify the determinants for the high levels of under-pricing as reported in the literature. We find that the regulatory environment of these Asian countries is the most reasonable source for such under-pricing, as it sets it apart from other developed and developing countries.

Keywords: IPOs; initial public offerings; Asian IPOs; IPO under-pricing; regulatory environment.JEL Code: G11, G12, G14, G24, G32


INDONESIA: TWENTY YEARS OF DEMOCRACY

Jamie S. DavidsonNational University of Singapore

AbstractHow has a democratic Indonesia performed in the first two decades following the forced resignation of its longtime authoritarian ruler Soeharto in 1998? This talk grapples with this question along three main line of inquiry—political regime, political economy, and identity and mobilization. I argue that there are hardly any objective answers to such an overarching question. Whether Indonesia is not as democratic as it should be, whether its economy has grown as well as it should or if its economy is as open to markets as it should be, or whether the post-authoritarian, democratic space that has given rise to a flourishing of identity-based mobilization has been a good thing or bad thing for Indonesian society often depends on one’s political perspective, on what answers one is predisposed to find, or what kinds of questions one asks. A myriad of conflicting information and data exists that informs contrasting conclusions. In fact, it turns out that many developments in contemporary Indonesia have been the result of unanticipated, unintended consequences. We can anticipate such will continue to be the case as Indonesia’s state and society prepares for its second two decades of the post-Soeharto era.


BEHAVIOUR EQUILIBRIUM EXCHANGE RATE AND MISALIGNMENT:EMPIRICAL CASE FROM KUWAITI DINARS

Zainab AlhaykiAhlia University, Bahrain

Ahmed AlhaykySkyline University, UEA

AbstractThis study investigates the behavioural equilibrium of exchange rate (BEER) and misalignment of Kuwaiti dinar (KD). Using data from1985Q1-2013Q4, we applied autoregressive distributed lag (ARDL) on seven economic variables: Oil Price (OIL) Monetary Policy Proxy (MP), Relative productivity (PROD), Net Capital Flow (NKF), Degree of Openness (OPN), Government Expenditures (GOV) and Reserve to GDP (RES) in order to explain the behaviour of real effective exchange rate. Our findings show that throughout the sample period, the degree of misalignment for KD ranged between -1.382 to 2.184 percent with zero reversion mean. Moreover, results show that REER has been overvalued during (1986- 90, 1996-98, 2002, 2005-08 and 2012-13) while it has been undervalued during (1991-95, 1999-01, 2003-04 and 2009-011. Nonetheless, our findings show that KD misalignment is reducing.

Keywords: Behavioral Equilibrium Exchange Rate (BEER), Misalignment, Kuwaiti dinar, ARDL model


EXPLORING THE COMMUNITY-BASED ENTERPRISES (CBES) IN ENHANCING THE BUSINESS PERFORMANCE: ONE DISTRICT ONE INDUSTRY

Muhammad Abi Sofian Abdul Halim, Khatijah Omar,Zuha Rosufila Abu Hasan, Noor Fdhiha Mokhtar

University Malaysia Terengganu

AbstractThe growth of One Village One Product (OVOP) has become increasingly discussed in international development discourse as its concepts are seen as the major catalyst for regional and local development. As part of the rural communities’ development in Malaysia, One District One Industry (ODOI) program was implemented which aims to encourage rural community to involve in micro and small enterprise. In order to achieve this goal, Malaysia government was introduced a numbers of approach to coordinate and monitor the development of micro and small enterprises in rural villages. However, most of rural entrepreneurs are still lacking of cooperative, sense of belonging and wisdom to utilize the natural resources in sustaining their business performance. Even, some of entrepreneurs are still rely on government assistance as well as the concept of top-down policy. Hence, the purpose of this study is to explore the model of community-based enterprise in sustaining the business performance among rural entrepreneurs who are involving in ODOI program in Terengganu, Malaysia. These model become prominent among rural entrepreneurs in Terengganu as well as sustaining their business performance through the factors of cooperative, sense of belonging and wisdom to utilize the natural resources. Thus, this survey research was used multiple regression analysis to verify the sustaining of community-based enterprise model enterprise toward the business performance. Then, the results indicated that only the factor of cooperative is sustaining significant toward the business performance. In general, these finding implies that most of rural entrepreneurs in Terengganu are not really practices the concept of community-based enterprise and even still rely on the government as well as the concept of top down policy.

Keywords: Community-based enterprise, business performance, rural entrepreneurs, One District One Industry


SMEs BUSINESS SUCCESS MODEL: CASE OF SMALL MEDIUM ENTERPRISES BUSINESS SCALE IN DEPOK, WEST JAVA

Iman Murtono Soenhadji, Adinda ChairunnissaGunadarma University

AbstractThis study aims to analyze some factors that influence behavior commitment of SMEs and its impact on business success in Depok,West Java. The formulation of the research is how financial literacy, motivation, innovation, and the ability have contribute the model of SMEs business success through behavior commitments. This research also shown which variable most contribute on the SMEs business success model in Depok. The method used in this study are primary data. This study uses census data approach, the existing population rather small about 60 SMEs business owners-respondents. This research began from May until August 2018. The study methods are, instrument data test, Likert scale type, classical assumption test, multiple regression analysis, and hypothesis testing. The results shown motivation, innovation and business ability have significant influence on behavior commitments. While financial literacy has no significant effect on behavior commitment. The result shown financial literacy,motivation, and innovation have significant influence on SMEs business. While ability of businesses has no significant effect on the success of business. Eventually, the most contribute variable on SMEs through behavior commitment was motivation.

Keywords: Behavioral commitment, Business ability, Business success, Financial literacy, Innovation, Motivation


PUBLIC ACCOUNTANT OFFICES’ SUSTAINABLE REPUTATION:EFFECTS OF MODERATION AND MEDIATION

Abdul Halim, Ahmad DahlanGajayana University Malang

AbstractPublic Accountant Office’s (PAO) sustainable reputation is a value given by stakeholders as collective and accumulative manifestation of its public accountants’ performance in the past which reflected its ability to produce output needed by stakeholders. Regarding this opinion, this study aimed, first, to test and explain influences of competence and independence on audit quality moderated by emotional intelligence and professional supervision; second, to test and explain the competence and independence effects on PAO sustainable reputation mediated by audit quality. The research population consisted of 371 public accountants belonging to PAO in East Java; and after having randomly been sampled, the sample consisted of 192 people. Data were collected with questionnaire, then they were analyzed using partial least square. The research result concluded that PAO sustainable reputation was derived from effects of: first, emotional intelligence and professional supervision as the moderating relationship of competence and independence to audit quality; second, audit quality as the mediating effect of competence and independence towards public accountant offices’sustainable reputation.

Key words: emotional intelligence, professional supervision, audit quality, reputation.


THE DEVELOPMENT OF MILENIAL SANTRI TO BE DIGITAL ENTREPRENEURS

Nurhajati, N. Rachma, Erizaldy AzwarUniversitas Islam Malang

AbstractSantri is a component of society that has great economic potential in Indonesia. Data from the Ministry of Religion shows that in 2016 there were 28,194 Islamic Boarding Schools spread across urban and rural areas with 4,290,626 santri, and all were private. This condition strengthens the argument that Islamic Boarding Schools are private educational institutions that are very independent and are actually community-based education practices. The government is proclaiming Indonesia as the largest digital economy in 2020 and is targeted to be the largest in Southeast Asia. This paper aims to reveal and analyze the development of millennial santri to be entrepreneurs who are able to utilize internet technology (digital). The paper is written using literature review and research findings from various parties. The results of the study show that the Indonesian economy will be stronger if the Islamic Boarding School is built in a business center based on small and medium industries (SMIs). Islamic Boarding Schools need to develop SMIs according to their potential and are specific in location. The SMIs can be used as an internship place for Santri, given internet training, creative industries, and multimedia, by professional trainers or mentors from outside the Islamic Boarding Schools. After training, activities need to be continued with assistance so that students can become professional entrepreneurs. The government can build a Santripreneur Development Model as a Pilot Project to become a learning center for other Islamic Boarding Schools.

Keywords: millennial santri, Islamic Boarding Schools, small and medium industries, entrepreneurs, digital economics


INTERNAL AND EXTERNAL FACTORS THAT INFLUENCE MICRO BUSINESS BECOME A SMALL BUSINESS IN BOGOR DISTRICT

Bambang Hengky Rainanto, Yulia NurendahSekolah Tinggi Ilmu Kesatuan

AbstractMicro, Small and Medium Enterprises (MSMEs) have a very important role in supporting and

encouraging economic development in Indonesia. In addition to playing a role in shaping economic growth, MSMEs have been shown to reduce unemployment. The size of the MSME business is divided into three, namely micro, small and medium enterprises. Of the three business sizes, the number of micro-businesses is the most. For this reason, it is necessary to study and find the problems faced by micro entrepreneurs so that micro-businesses can turn into small businesses.

The purpose of this study was to find out internal and external factors that prevent micro-businesses from becoming small businesses in Bogor Regency. This research program is in order to increase the productivity and competitiveness of MSMEs so that each level of business can scaling up.Research through survey methods with descriptive analysis of micro entrepreneurs in 193 Micro Enterprises in 14 districts in Bogor Regency is to find out more clearly about the internal and external problems that occur in the development of Micro Enterprises. From the findings of several problems that occur in micro-businesses, researchers grouped into 4 quadrants based on priority to be improved using the Importance-Performance Analysis.

The results of the analysis of Micro businesses in Bogor Regency revealed that the internal problems that were overlooked included: Marketing, Capital, Labor, Production Facilities, Packaging, Legal Documents, Products, Cooperation, Production Sites, Financial Management, Design and Distribution. While External problems are about the availability of raw materials.

Keywords: Micro Business, Scalling Up, Internal and External Problems of MSMEs, Improtance-Performance Analysis


FIXED ASSETS MANAGEMENT: THE EFFORTS TO INCREASE AUDIT REPORT TOWARD UNQUALIFIED OPINION

Hasbuddin, Tuti Dharmawati, NurAsni, Santiadji Mustafa, TarmadanUniversitas Halu Oleo

AbstractManaging fixed assets in Local Government has crucial problems concerning administration, reporting and their accountability. Even though Indonesian Government has already a set of rules on governing asset management at both the central and at regional levels, but they have not yet been properly implemented. There are still many regions that have not received unqualified opinion as a result of the weakness of asset management in accordance with the prevailing standards. This study is aimed to explore the efforts to improve the opinion of local goverments associated with management of fixed assets at the Local Goverments in Province of Southeast Sulawesi. The descriptive and interpretative analyses are used as the research method. The results of this study indicates that there are several ways to achieve the unqualified opinion at the Local Goverments in Province of Southeast Sulawesi are as follows: 1) Carry out remedial efforts of several problematic fixed asset management cycles, that is a) planning and budgeting; b) Administration and revaluation of fixed assets. 2) The implementation of full fixed asset accounting pursuant to Government Regulation No. 71 of 2010 which is regarding to the Government Accounting Standard and the Regulation of the Minister of Home Affairs No. 17 of 2007 on the Technical Guidelines of Local-Owned Assets Management.

Keyword: Fixed Asset Management, Fixed Asset Accounting, Audit Report, Unqualified Opinion, Local Government


FACTORS THAT INFLUENCE EMPLOYEE PERFORMANCE AT THE SIERRA LEONE AIRPORT AUTHORITY

Abdul Kanray Turay, Sri Salamah, Ibu AsriSebelas Maret University

AbstractThe main aim of this study was to determine factors that influence employee performance at the Sierra Leone airport authority. This research is a quantitative research method. The study holds that performance is an examination of the knowledge, skill, abilities, and attitudes of employees’ current and future career goals and objectives.The population of interest consisted of 360 employees who are currently working in various departments. A sample size of 186 was drawn from the targeted population using a random sampling technique. Also, a self- administered structured questionnaire was used to collect the data., statistical methods such as descriptive statistics, regression and correlation were used to analyze the data. Moreover, SPSS version20 was used to determine the factors that influence employee performance. The findings regarding the impact of employee performance showed that employees generally agreed if they are given good training, good leadership and career development their performance at the organization is positively impacted. Based on the results of data analysis and discussion, it can be concluded that all independent variables have a significant effect on the dependent variable. More specifically, leadership variable has a positive effect on employee performance regression coefficient of 0.174 and t-test value of 2.783. Likewise, the Training and development variables have an effect on the employer's performance regression coefficiency of 0.212 and the t-test value of 2.452. While the Self-Efficacy variable has an effect on employee performance regression coefficiency of 0.043 and the t-test value of 2.263 and Career Development Variables have an effect on employee performance. In aggregate or simultaneous analysis. all four variables contributed 65.7% to employee performance.

Keywords: self-efficacy, training, career, leadership, employee performance


EFFECT OF MOTIVATION AND AWARENESS ON TAX COMPLIANCE AMONG SME’S(CASE STUDY IN CIMAHI INDONESIA)

Heni Nurani Hartikayanti, Ifan Wicaksana SiregarUniversitas Jenderal Achmad Yani

AbstractThis study aims to evaluate motivation and awareness of compliance by Small and Medium Enterprises in Cimahi Indonesia. This research was conducted to ensure the motivation and awareness of SMEs towards fulfilling their tax obligations. The research method used is a descriptive survey to describe the situation, phenomena, attitudes, behaviors, beliefs, and opinions of taxpayers of individuals who do business. The cross-sectional design was also used to guide the focus on exploring, describing and explaining the situation of SMEs and compliance with tax laws. Through multiple regression analysis. Data were obtained using a questionnaire distributed to 100 SME entrepreneurs.Most respondents stated that they were not motivated and were still reluctant to pay their taxes regularly. Most SMEs show that the main obstacle to fulfilling their tax compliance is that the tax rates set by the government are too high while their efforts are not too stable. Based on the research findings, it can be concluded that the majority of respondents have realized that paying taxes is their obligation. This study recommends that efforts must be made by the City Government and the Tax Service Office to continue to foster SMEs with regulatory socialization and technical training in tax reporting rules in accordance with applicable laws.

Keywords: motivation, awareness, tax compliance, SME entrepreneurs


THE MEDIATING EFFECT OF PSYCHOLOGICAL EMPOWERMENT ON THE RELATIONSHIP BETWEEN EMPLOYEE TRAINING AND LIFE SATISFACTION IN

GARMENT FACTORIES IN INDONESIA

Nimas Alief Alfianita, Aryana SatryaUniversitas Indonesia

AbstractGarment sector becomes one of major contributor to Indonesia’s economic growth which is shown through an increasing Indonesian clothing exports from 2016 to 2018. The challenges within global business has attracted great attention to improve working condition and human resource practices, and promote workers’ well-being. The main purpose behind conducting this research is to examine the mediating effect of psychological empowerment between employee training and life satisfaction. The quantitative research method is selected and questionnaire is completed to collect data. In order to prove the stated hypotheses, structural equation model is used with a sample of 2.897 garment workers from 86 selected garment factories in Indonesia. The results discover that psychological empowerment partially mediates the relationship between employee training and life satisfaction. However, the indirect effect of psychological empowerment on life satisfaction is smaller than the effect of employee training on life satisfaction. It indicates that organization can implement effectively employee training to improve workers’ life satisfaction without improving workers’ psychological empowerment. The research provides insight for management, particularly in the garment industries, to enhance employee life satisfaction through training program.

Keywords: training program, psychological empowerment, life satisfaction, garment


ISLAMIC FINANCIAL INSTRUMENTS AND ECONOMIC GROWTH;AN EVIDENCE FROM INDONESIA

Indah Wahyuningsih, Mohamad Soleh NurzamanUniversitas Indonesia

AbstractSovereign Sukuk, Islamic Banks’ Financing and Zakat are the instruments that could develop Economic Growth of Indonesia. Sukuk, especially sovereign sukuk known as SBSN (Surat Berharga Syariah Negara) used to fund infrastructure development, labor intensive sector and optimizing of local potential that could have impact on the development of Indonesia’s economy. Islamic banks’ financing as an instrument that fund the economic sector also have contribution on economic growth. Zakat could increase the aggregate consumption and also could play an important role in asset redistribution policies and creation of wealth which has contribution on economic growth. This research seeks to use empirical evidence to examine the role of sovereign sukuk, Islamic banks' financing and Zakat on Indonesia’s economic performance. Quarterly data (2012:1‐2017:4) are used in this research then the data analyzed using multiple linear regression with Statistical Package for the Social Sciences (SPSS) software. The result showed that sovereign sukuk, Islamic banks’ financing and zakat had significant effect on the Gross Domestic Product (GDP). The result of coefficient determination test indicated that the variable of sukuk, Islamic banks’ financing and zakat on GDP by 96,3% (high), while the balance of 3,7% is influenced by other variables on examined in this research. This result showed that Islamic financial instruments had great contribution towards Indonesia’s economic growth.

Keywords: Sovereign Sukuk, Islamic Banks’ Financing, Zakat, Economic Growth, GDP.


INVESTIGATING THE RELATIONSHIP OF HEALTH MOTIVATION AND BRAND AWARENESS TOWARDS BRAND TRUST AND ITS RELATIONSHIP ON PURCHASE

INTENTION OF HEALTHY INSTANT NOODLE

Mochammad Riyadh Rizky Adam, Rausa Faranisa YusufSwiss German University

AbstractThis study investigates the relationship of health motivation and brand awareness towards brand trust and its relationship on purchase intention of healthy instant noodle with the case of Tropicana Slim Low Fat Noodle. The product sounds oxymoronic somewhat, hence it would be interesting to be examined. The respondents are those people who know the brand/product but never ever tried the brand/product. There are 125 completed questionnaires of respondents which using internet survey. Structural equation model (SEM) analysis was used to evaluate the causal model with AMOS software. This study found that health motivation and brand awareness were significantly correlated with purchase intention of healthy instant noodle through brand trust. It was shown as well that brand awareness was directly correlated with purchase intention of healthy instant noodle. A different finding founded that health motivation was not directly correlated with purchase intention of healthy instant noodle. The findings of this research will give the contribution to the marketers and instant noodle manufactures that want to grab the opportunity in healthy instant noodle market.

Keywords: Brand awareness, Brand trust, Healthy instant noodle, Health motivation


TOLERANCE (TEPO SELIRO) AND HESITATE (SUNGKAN) CULTURE:HINDER EMPLOYEES' INTEREST TO REPORT FRAUD PERPETRATOR USING

WHISTLE BLOWING SYSTEM

Lilik PurwantiBrawijaya University

Eny Zuhrotin Nasyi’ahIslamic University of Malang

AbstractThis study aims to explore the interest of employees to take action whistle-blowing system at Bank Indonesia Jakarta. This research uses qualitative approach with interpretive paradigm. Data collection is using in-depth interviews with informants. Informants in this study are employees at the division head and department head level. The results of this study indicate that some employees are interested in using the whistle-blowing system because whistle blowers may feel morally liable to disclose the crime. Some does not. Employees who are not interested in doing whistle blowing system are reasoned for compassion, because this action can lead to fraud perpetrator being fired, unethical actions, and fear of being threatened by perpetrator of fraud. The family environment can form hinder employees not interested in reporting using whistle-blowing system. In Javanese term is called tolerance (tepo seliro) and Hesitate or sungkan culture.

Keywords: interest, fraud, whistle-blowing system, qualitative approach


ENVIRONMENTAL COMMUNICATION: CONTENT ANALYSIS OF NEWS ARTICLES ABOUT BIODEGRADABLE IN OKEZONE AND DETIK ONLINE NEWS PORTAL

Monika Sri YuliartiUniversitas Sebelas Maret

Amaliya RasyidaInstitut Teknologi Sepuluh Nopember

Wikan JatimurtiInstitut Teknologi Sepuluh Nopember

AbstractEnvironmental problem is one of the most crucial issues that are still need to be resolved. Plastic waste is the one among the others. Based on The Wallstreet Journal 2018, Indonesia was the second source of plastic bottles, bags, and other rubbish clogging up global sea lanes after China. Biodegradable plastics have been becoming the solution to reduce plastic waste problem. As the part of the innovation, communication stage is needed. This research aims to explore the news about biodegradable material, as part of communication action that involved mass media, particulary online news. Environmental Communication Theory from Tema Milstein was used in this study as the foundation of the exploration. The object of this study were two online news that are based in Indonesia, which are okezone.com and detik.com. Document study was employed to gain the data, and content analysis technique is used in this study, particulary the technique of Barelson. Some variables that were involved in this study were the number of the news articles, frequent ‘biodegradable’ appears in the news, and topics along with the sub-topics. The expected result of this study is the representation of information about biodegradable materials in two prominent online news in Indonesia. The implication of this study is the establishment of optimum model of environmental communication through online news site, especially in communicationg biodegradable materials to support the environment.

Keywords: environmental communication, online news, biodegradable materials, content anal


INCOME RESOURCE AND STATE FINANCIAL MANAGEMENT INSTITUTION: COMPARISON SYSTEM ON ABBASID DYNASTY AND INDONESIAN GOVERNMENT

Rima RahamayantiUIN Sunan Gunung Djati Bandung, Widyatama University

Siah Khosyi’ah, Rizky Maidan IlmyUIN Sunan Gunung Djati Bandung

AbstractThe source of state income which is determined by Rasulallah SAW until the next Caliphate dynasty was in the form of taxes and zakat. But today, most of the countries whose people are the majority of Muslims do not make zakat as a source of state income. Moreover, state financial and tax management institutions are separated. This study aims to explain the differences between income sources and state financial management institutions of the Abbasid dynasty and the Indonesian government. The research method is used descriptive qualitative, by collecting data from various sources.The results of this study is the source of state income came from taxes and zakat during the Abbasid dynasty , while the state financial management agency of Abbasid dynasty was managed by an institution namely Baitul Maal. The source of Indonesia's national income comes from tax revenues and non-tax state revenues. State financial management institutions are managed by the finance ministry.

Key word: income source, financial management institution, abbasid, Indonesian government.


THE EFFECT OF INTERNAL LOCUS OF CONTROL AND INTERPERSONAL ABILITY ON THE READINESS OF CREATIVE ECONOMICS STUDENTS IN MANAGING THEIR

SUSTAINABLE BUSINESS

Jeni Susyanti, Agung Minto WahyuUniversitas Islam Malang

AbstractCreative Economy is the included sector that expected to become a new national economic power in the future. One of the actor of creative economoy in Indonesia is the college students. The ability of colleger in managing their sustainable business is effected by particular aspects. The purpose of this research is to recognize how big the influence of Internal Locus of Control and the interpersonal ability on the readiness of creative economy students in managing their sustainable business. This research is using the quantitative method with purposive sampling technique. The subjects are 60 creative economy college students in Malang. The data is collected through the questionnaire and analysed using multiple linear regression technic. The result shows that Internal Locus of Control and the interpersonal ability influenced the readiness of creative economy students in managing their sustainable business.

Keyword : Internal Locus of Control, Interpersonal Ability, Readiness, Sustainability.


THE INFLUENCE OF THIRD PARTY FUNDS, NON PERFORMING FINANCING, AND FINANCING TO DEPOSIT RATIO TOWARD RETURN ON ASSETON SHARIA COMMERCIAL BANK AT OTORITAS JASA KEUANGAN PERIOD 2013-2017

Heni Nurani Hartikayanti, Ai Siti NurlatifahUniversitas Jenderal Achmadyani

AbstractThis research aimed to analyze the effect of Third Party Funds, Non Performing Financing and Financing to Deposit Ratio toward Return on Asset of Sharia Commercial Banks for the period 2013-2017.This research is categorized into quantitative research with populations of Sharia Commercial Banks listed on the OJK. Determination of this research sample is determined by purposive sampling method so that obtained 11 banks. The analysis method used multiple regression analysis with classical assumption test.The result of this research shows that (1) Third Party Funds and Financing to Deposit Ratio have positive and no significant influence toward Return On Assets in Sharia Commercial Banks listed in OJK, and (2) Non Performing Financing has negative and significant influence towardReturn On Assets in Sharia Commercial Banks listed in OJK. In simultaneously have significantly influence toward ROA in Sharia Commercial Banks listed in OJK.

Keywords : Thirds Party Funds, Non Performing Financing, Financing to Deposit Ratio, Return on Asset.


HOW TO OPTIMIZE INFORMATION AND COMMUNICATION TECHNOLOGY? THE EFFECT OF EXTERNAL FACTOR, PERCEIVED EASE OF USE, AND PERCEIVED

USEFULLNESS TOWARD INTENTION TO USE INFORMATION AND COMMUNICATION TECHNOLOGY IN MINISTRY OF SOCIAL AFFAIRS IN

INDONESIA

Yunita Sulistyani, Riani Rachmawati, Dediek Tri KurniawanUniversitas Indonesia

AbstractInformation and communication technology (ICT) has brought very important benefits and have changed the way in which people work, communicate, shop, study and other activities. This study aims to analyze the factors that influence the intention to use ICT in order to improve organizational capabilities. This study will examine relationship among variables, namely external factors, perceived ease of use (PEOU) and perceived usefulness (PU), and intention to use ICT. External factor variables include prior experience, educational level, job relevance, output quality, result demostrability, trust, commitment, autonomy, training, organizational support, image, and subjective norm. This study conducts in the Ministry of Social Affairs in Indonesia. The study uses Technology Acceptance Model (TAM) questionnaire to measure the employee’s perception relating ICT. The questionairres have collected from 336 employe. Analyzing data conducts with Structural Equation Modeling (SEM) analysis. Structural equation modeling (SEM) analyses were conducted using LISREL 8.80. The result indicates that external factors influence the employee’s perception on perceived ease of use and perceived usefulness, and their perceptions have an impact on intention to use ICT. The most influential external factors are prior experience, education level, job relevance, trust, autonomy, subjective norm and training. Intention to use here is considered to represent the actual use of ICT in order to improve organizational capabilities.

Keywords: Organizational Capability, Intention to Use, Public Sector, TAM.


THE ROLE OF JOB SATISFACTION ON THE INFLUENCE OF LEADERSHIP AND EMPLOYEE CAREER TO ORGANIZATIONAL COMMITMENT

Yunita Leviani Puji Lestari, Verni Yuliaty IsmailUniversity of YARSI

AbstractThe objective of this research is to examine the effect of transformational leadership and career development on organizational commitment with job satisfaction employee as a mediator factor. Research is designed as an explanatory research. The research sample is 100 employees of a trade service business in Jakarta. The data were collected through self-administrative questionnaires and were analyzed through partial least square-structural equation modeling. The research proves that there is a fitness model that shows the influence of transformational and career development on the organizational commitment mediating by job satisfaction employee (GoF = 0,384). Transformational leadership and job satisfaction have a positive and significant effect on organizational commitment (p-value < 0,01), while career development has a negative influence to organizational commitment (p-value = 0.015). Job satisfaction can be a mediator that influences transformational leadership on organizational commitment (p-value < 0,01).

Keywords : transformational leadership, career development, job satisfaction and organizational commitment


EXPORT DETERMINANT ANALYSIS:INDONESIA’S EXPORT TO SINGAPORE AND JAPAN STUDY CASE

Euis Eti Sumiyati Universitas Jenderal Achmad Yani

AbstractFrom 2006 to November 2018, Indonesia’s export growth tend to decrease. This is related to the effect of world’s economic crisis and the decrease in price of commodities that still dominate Indonesia’s export. This study will analyze the influence in Rupiah’s exchange rate and the economic growth of trading partner country to Indonesia’s export to Singapore and Japan as the two biggest country in trading Indonesia’s export products in Asia region. This research used time series data of period Q1.2012 to Q2. 2018. Estimation methods used are co-integration method and Error Correction model (ECM). This study discovered that in long term, exchange rate has a negative impact to Indonesia’s export, both for Singapore and Japan, while in short term the exchange rate does not have any correlation with export. Subsequently, economic growth of the trading partner country in long term has positive impact to export while in short term it has no impact.

Keywords: Exchange rate, Export, Economic growth, ECM, Co-integration


STOCK SPLIT INFLUENCE ON INVESTOR ATTENTION IN INDONESIA

Livia Azarine Wisyanda, Irwan Adi EkaputraUniversity of Indonesia

AbstractAs information is crucial in the financial world, it needs to be incorporated in price. Information which formed on price means that it would needs enough attention allocation on assets (Da, Engelberg, & Gao, 2011). But, investors have limited attention and will be selective in processing their information since they can only process a limited amount of information during a certain period (Peng, Xiong, & Bollerslev, 2007). Previous research found that investor attention does have a significant role in security markets scientifically and economically. As to choose from a broad amount of choices of firms, investors tend to rely on events happened regarding certain stocks. This study investigates the effects from a corporate event called stock split to investor attention in Indonesia. Using Google Search Volume Index (GSVI) as the measure of investor attention, this research use data of firms listed in Indonesia Stock Exchange who have been through stock split during year 2010 to 2017. The dummy regression analysis is being used to see the contribution of stock split to investor attention in Indonesia.

Keywords: investor attention, stock split, Google search volume indeks


MACROECONOMICS AND BANK-SPECIFIC DETERMINANT OF CREDIT RISK SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN INDONESIA

Vicka Pramudya Putra, Tika ArundinaUniversitas Indonesia

AbstractThe recent global crisis has renewed the focus on the relationship between Islamic banking and financial stability and, more specifically, on the resilience of the Islamic banking industry during the crisis. Comparing the performance of Islamic banking to conventional banking globally would suggest that Islamic banking performed better. Like conventional banking contracts, Islamic banking contracts involve credit and market risks and other types of risks. The objective of this paper is to examine credit risk between Islamic and conventional banks. Specifically, it examines the impact of SME financing on credit risk. Because SME is the backbone of the economy, it is essential for us to focus on assessing their credit risk. Using a sample of Islamic and conventional banks in Indonesia, over the 2015-2018 period and we apply panel data techniques. This paper is also motivated by the hypothesis that both bank-specific and macroeconomic affect credit risk. The results of our research state that non-performing loans in Islamic and conventional banks are influenced by macroeconomics and bank-specific factors. Especially in the SMEs segment, our research has not found the effect of macroeconomic variables on non-performing loan on SMEs lending or financing.

Keywords: Islamic Bank, Credit Risk, Bank Risk, Small and Medium-sized Enterprises (SMEs)


THE INFLUENCE OF PRICE, QUALITY OF PRODUCTS AND BRAND IMAGES ON PURCHASE DECISION BUYING OF IPHONE BRAND

Waseso Segoro, Nahdia FirdausyGunadarma University

AbstractMany companies are launching various brands of mobile phones, one of which is the iPhone. In the class of communication, iPhone is on the second ranked as an interest to the public. The problem is the iPhone can be on the first ranked and increase sales. The purpose of this study is to determine the effect of price, product quality and brand image of purchasing decisions on students, specially Gunadarma University students who use iPhone. The methodology in this study used are validity test, reliability test, classical assumption test, hypothesis test, and multiple linear regression. The data used are primary data collected through questionnaires distributed to 100 respondents, namely Gunadarma University students who use iPhone mobile phone. The results shows that the variable price, product quality and brand image have a positive and significant impact on the decision to buy iPhone mobile phone.

Keywords: price, product quality, brand image, purchasing decision


STRENGTHENING PUBLIC VALUE OF HIGHR EDUCATION THROUGH EMPOWERING ENTREPRENEURIAL ORIENTATION AND LEARNING ORIENTATION:

PRELIMINARY STEP TOWARD ENTREPRENEURIAL UNIVERSITIES

Ginta GintingUniveritas Terbuka

AbstractModel research of entrepreneurial university is developed to be able to identify research gaps that higher education institutions as a public sector are considered by some people to be slow in applying entrepreneurship, This has an impact on not meeting the needs of industry and business optimally. This condition leads to demands that higher education institutions operate entrepreneurially towards commercialization of research results to encourage the acceleration of innovation. Higher education institutions should be encouraged towards an entrepreneurial state of mind. This article proposed model of entrepreneurial university to answer research gap and problem in reinforcing corporate entrepreneurship in the higher education institution. This model use public value as a consequence variable and entrepreneurial orientation and learning orientation as antecedent. There are 146 respondents as middle manager in university/faculty (Dean, Vice Dean, Head of Department, Head of Study Program) involved in this study. By using SEM-PLS, All hyphoteses examined were validated and positively substantiated by the analysis. This study has successfully proved that organization can improve entrepreneurial orientation and learning organization that has impact to build public value as initial step to build strong corporate image. For future researches, factors influencing collaborative network need to be identified for developing more comprehensive model.

Keywords: Entrepreneurial University, Learning Orientation, Entrepreneurial Orientation, Public Value


THE ROLE OF EMPLOYEE WELL-BEING IN MEDIATING THE RELATIONSHIP BETWEEN HR PRACTISE AND JOB CHARACTERISTICS ON JOB PERFORMANCE IN TECHICAL EXPERTISE IN INDONESIATELECOMUNCATION COMPANIES PT ABC

Arief Trianto, Niken ArdiyantiUniversitas Indonesia

AbstractHuman Resources (HR) is one of the main competitive advantages for companies because they have the knowledge and complexity that is difficult to imitate by competitors. HR practice is closely related to the company's performance. Many studies have been conducted to examine the HR practise. This study will discuss how the relationship between HR practices and job characteristics on job performance that is mediated by employee well-being in PT ABC. This research includes the health-related well-being component in variable employee well-being in addition to the psychological well-being component. This research will conduct in PT ABC which is a sub-contractor company in telecommunication industry. This study uses a online questionnaire as a data collection method that will be distributed to experts in operational fields in eleven branches: Jakarta, Bandumg, Semarang, Surabaya, Bali, Palembang, Pekanbaru, Medan, Balikpapan, Banjarmasin, Makassar, Ambon, and Jayapura. Based on distributing online questionairres, the researchers successfully collected 282 employees who is project (operations) officer as sample in this study. Data analysis method in this study uses Structural Equation Modeling (SEM).

Keywords: HR practise, job characterstics, employee well-being, Indonesia


THE IMPACT OF COMPENSATION SATISFACTION ON EMPLOYEE TURNOVER INTENTION MEDIATED BY AFFECTIVE AND CONTINUANCE COMMITMENT

Tyas Widyastini, Manerep PasaribuUniversitas Indonesia

AbstractEmployee turnover in an organization is something that often happens and becomes a concern for the organization. High employee turnover can cause harm to the organization both in terms of material and non-material. Therefore, compensation strategy is designed as motivation so that employees can improve their performance and remain stay in the company. Compensation is considered to be the most important factor given by the company in return for employee contributions to work towards the organization's goals and also to retain the best employees. Employees who are satisfied with the compensation given by the company tend to reduce their intention to leave the company. The impact of compensation satisfaction on employee turnover intention can also mediated by employee commitment to the organization in the form of affective commitment and continuance commitment. Affective commitment refers to fulfilling the socioemotional needs of employees and continuance commitments refers to costs incurred when leaving the organization. The main purpose in this study is to examine the impact of compensation satisfaction on employee turnover intention mediated by affective commitment and continuance commitment. This research provides insight for management especially the banking industry in order to make a good compensation strategy so that employees feel satisfied and can reduce high employee turnover.

Keywords : Compensation Satisfaction, Turnover Intention, Organizational Commitment,Banking Industry.


THE EFFECT OF STRATEGIC SIMILARITIES ON M&A PERFORMANCE: EVIDENCE ON ASIA PACIFIC BANKING

Agustinus R. Prasetyoa, Ruslan PrijadiUniversitas Indonesia

AbstractSince the global financial crisis (2008), leading Asia Pacific banks has outperformed the global banking sector. Although at a more moderate rate, growth driven by rising middle class wealth and supported by governments around the region implementing structural reforms and strengthening macro policy frameworks. However, with an increasingly challenging trading environment including new competitors taking advantage of these opportunities require a more strategic approach. Those remaining in the game need to choose their strategic focus, revisit their business models and develop new sources of competitive advantage. Merger and acquisition are one of several instruments as companies look to acquire technologies, capabilities and scale needed to differentiate and compete. In this article, we move the study of acquisition by investigating the effects of strategic similarity on acquisition performance. We investigate our research questions in the context of acquisitions made by publicly traded Asia Pacific commercial banks during the 5-year period from 2011 to 2015.

Keywords: Merger; Acquisition; Strategic Similarities; Performance


RECEPTION ANALYSIS OF SURABAYA’S ADOLENSCENT TOWARDS ETHNICITY IN STAND UP COMEDY ON TV

Nisrina FirdausAirlangga University

AbstractThis study discusses about reception analysis of Surabaya’s adolescent towards ethnicity in Stand Up Comedy on Television by three comica; they are Ernest Prakasa, Abdur, and David Nurbianto. The material had presented ethnicity discussion; it is a sensitive topic in Indonesia. Indonesia is home to numerous different ethnic groups, languages, and religions. With Stand Up Comedy content that discusses ethnicity, it can impact different perception for the people given that diverse backgrounds (culture, family, and education). Mass media works that deliver an idea is rooted in the existence of a structure that exists in the society which ultimately results in a construction of various realities. Moreover, for adolescent are looking for self-identity and are starting to think critically, this is the primary target of Stand Up Comedy audiences. The present study aims to describe reception analysis of adolescent in Surabaya towards ethnicity in Television Stand Up Comedy by three comic; they are Ernest Prakasa, Abdur, and David Nurbianto. This study employed the reception analysis method including in-depth interviews to reveals the fact. The results show that in understanding the media, the informants are divided into three reader characteristics, they are; dominant, negotiated, and oppositional, they mean the audience has different interpretations of meaning in understanding ethnicity in Television Stand Up Comedy by three different comics.

Keywords : Reception analysis, Adolescent, Ethnicity, Stand Up Comedy.


THE INFLUENCE OF ENTREPRENEURIAL LEADERSHIP TOWARDS AGILITY ANDITS IMPACT ON PERFORMANCE:

A SURVEY OF MSES ON INDONESIA

Cindi, R. J., Desiana, P. M.Universitas Indonesia

AbstractNowadays, Indonesian Micro and Small Enterprises (MSEs) are faced with challenges and opportunities that arise due to advancement in technology and the changes in the environment. It puts pressure for businesses to have capable leaders that will guide them facing those challenges. Entrepreneurial leadership and agility have shown to be influential towards performance. This study investigates the influence of entrepreneurial leadership towards the business agility. Then how those factors will affect business performance. The method used is a survey of 500 respondents consisting of business owner and manager of MSEs. Structural equation method is used to analyze the data. The result of the study shows that agility has a significantly positive effect on business performance; however entrepreneurial leadership didn't have such influence. Agility is proved to be a mediator between entrepreneurial leadership and business performance. This study should provide insight for businesspersons to further improve their business performance and for academicians to further analyze the variables.

Keywords: MSEs, Entrepreneurial Leadership, Entrepreneurial Motivation, Agility, Performance, Entrepreneurs


THE RELATIONSHIP OF JET FUEL PRICE ON AIRLINE STOCK PRICECASE STUDY OF FIVE STAR FULL SERVICE AIRLINE

Azdi Pamungkas Marsam, Rofikoh RokhimUniversitas Indonesia

AbstractThis research will look into the relationship of fuel and related variable have an impact in certain airline. There are nine five-star airline in this research. Five-star airline is chosen as they are easily impacted in the changes of fuel price. The changes will affect cost, performance, profitability and then the stock price. As the trend of jet fuel price is rising, the chance of airline to raise the ticket price and the tight efficiency is a rational move.

Keywords: aviation, five-star airline, jet fuel, stock


SUSTAINABLE DEVELOPMENT IN ISLAMIC ECONOMIC FRAMEWORK

Ahsani TaqwiemIslamic University of Malang

Ahmad DjalaluddinIslamic University of Maulana Malik Ibrahim

AbstractIslamic economy as a way of life began to be studied and applied in various aspects. However, on the other hand, there is still a vacuum in which the study on Islamic economics is now more focused on the study of business, finance, and banking. While the broad outline of basic economic problems that comes from the fulfillment of needs and desires with all the implications on the long term or often referred to as sustainable development in the concept of Islamic economics is still minimal discussion. Where in this journal the authors will raise about the issue of sustainable development with the focus of studies in the farming sector where the research area conducted found total economic value of Rp 1,123,447,422 consisting of direct benefit value, indirect benefit value, choice value, and value of existence on sustainable agriculture development efforts in one village where the research is conducted with some other derivative benefits that can be studied in the concept of maqashid al-syariah.

Keywords: Islamic Economy, Sustainable Farming Development, Total Economic Value


DETERMINANTS OF STRATEGIC PLANNING PROCESS IN THE DIVISIONS PUBLIC AGENCIES

Nurazizah, Yanki Hartijasti University of indonesia

AbstractFormulation of strategic planning at unit public organisation help to public organisation create actions and decisions in achieving goals, to what an organisation does and why it does. As a tool of management, strategic planning formulation have an important impact to strategic planning implementation. Hence in this research aims to exemine what the elements formulation of strategic planning at unit level organisation encourage success of strategic planning Implementation. The reason research at level unit organisation because detail indicator and action plan arranged at unit level organisation. On the other hand, much empirical research about strategic planning at corporate level whereas an empirical research in strategic planning at unit level organisation is limited. The qualitative content analysis method is selected to explore key elements, for strategic planning formulation at unit level organisation. Open-ended questionnaire and in-depth interview, from 41 planner and 10 unit public organisation managers has used to collect data. Finally, it found the three substantial key elements in formulation of strategic planning at unit level organisation that is employee training, inter unit integration and top management involvement.

Keywords: unit strategic planning, content analysis, public organisation, strategic planning formulation.


EFFECT OF INTELLECTUAL, EMOTIONAL AND SPIRITUAL INTELLIGENCE ON LEADERSHIP EFFECTIVENESS:

CASE STUDY IN PT. TELKOMSEL AREA JAWA BALI

Alafta RahmaniaAirlangga University

AbstractThis study aims to determine the effect of intellectual intelligence (X1), emotional intelligence (X2) and spiritual intelligence (X3) on leadership effectiveness (Y) at PT. Telkomsel Area Jawa Bali. The sample in this study amounted to 40 people, consisting of 5 directors, 7 department leaders from 7 departments, 7 area leaders from 7 departments, 21 division leaders from 7 departments located at PT. Telkomsel Area Jawa Bali. Sampling technique in this study is the total sampling by filling out the questionnaires that have passed the validity and reliability test to obtain valid and reliable data. The data obtained were analyzed using multiple linear regression. The result of regression shows that simultaneously intellectual intelligence (X1), emotional intelligence (X2) and spiritual intelligence (X3) have significant effect on leadership effectiveness (Y), with F value 52,207 and significance 0,000. Partially intellectual intelligence with significance affects leadership effectiveness of 9,603. Emotional intelligence with significance of significance affects leadership effectiveness of 2,630. Intellectual intelligence with significance affects the effectiveness of leadership of 9,603. spiritual intelligence significance affects the effectiveness of leadership of -3.435. Adj Value R2 obtained the result of 0.798, which means intellectual intelligence (X1), emotional intelligence (X2) and spiritual intelligence (X3) can affect the effectiveness of leadership (Y) of 79.8% and the remaining 20.2% is explained by other factors that do not discussed in this study.

Keywords: intellectual intelligence, emotional intelligence, spiritual intelligence, leadership effectiveness


INNOVATIVE WORK BEHAVIOR ON R&D PERSONNEL

Dewi Indah VebriyantiUniversity of Indonesia, Indonesian Institute of Science

Yanki HartijastiUniversity of Indonesia

AbstractBecause of the basis all innovations is a creative idea that comes from individual employees, employee innovative behavior plays a crucial thing of today world of work. Innovative behavior can be described as a process in which new ideas are explored, generated, promoted, and finally implemented. Innovative behavior is affected by multiple variables. The previous researches still have conflicting result on this issue whether they should focus on individual factors (such as self-efficacy, motivation, variety of skills and traits) or organizational factors (such as culture, organization climate, leadership and others characteristics of the organizations) to enhance innovative behavior. The aim of this study is to investigate determinant factors that contribute to employee innovative work behavior. R&D personnel in the public research institution are selected as the subject of this study, because innovative output is one of the success measurements of R&D organizations. Content analysis was utilized to analyze open-ended question from 110 R&D personnel from different fields of expertise. The study reveals that organizational factors such as leader, team member exchange, funding and infrastructure are perceived as the highest mentioned factors that contribute to employee innovative work behavior. With a limited funding and infrastructure, leaders play a critical role in research process to create supportive work environment and manage resources wisely. The team member exchange is also needed in the form of idea sharing, discuss and feedback among R&D personnel.

Keywords: Innovative work behavior; R&D personnel; content analysis


THE ROLE OF INDONESIA CONVENTION EXHIBITIONIN DEVELOPING MICE INDUSTRIES IN BANTEN PROVINCE

Zairil, Erlina Puspitaloka Mahadewi Mercu Buana University

AbstractThe existence of exhibition halls with professional management is a major factor to boost the exhibition industry in an area. The exhibition industry is one of the supporting elements of MICE (meetings, incentives, conventions, and exhibition / events). The government has set MICE as a top five sector in bringing foreign tourists, even this sector is targeted to be able to grow up to 10% in 2019. The purpose of this paper is (1) to find out how much the influence of Indonesia Convention Exhibition (ICE) for Banten Province. (2) how much the influence of Indonesia Convention Exhibition (ICE) on the promotion of small and medium enterprises in Banten Province. The writing method uses a literature study with descriptive and explorative approaches. It can be concluded that: (1) ICE is very potential and has a huge impact in contribution of creating jobs, increasing regional yield and income for the country, (2) With the increase of MICE events at ICE, it will attract a high number of visitors to come and be a potential market for hotel industry, event organizers (EO), travel agencies and transportation to get a decent profit. In addition, many small and medium enterprises (MSMEs) which involved in MICE industry grow their revenue such as catering services, souvenir, food and beverage sellers.

Keywords: MICE, Indonesia Convention Exhibition, MICE Industry


THE REASON CUSTOMERS SHIFT TO FINANCIAL TECHNOLOGY (FINTECH)

Hellen Silvia Leatemia, Rofikoh RokhimUniversitas Indonesia

Abstract

There are many Fintech payment system products nowadays, for example e-money, mobile payments etc., are circulating among the people in Indonesia. This provides variety payment system options for people. Technology Acceptance Model (TAM) is used to explain the adaptation of Information Technology (IT) by its users by using instruments of perceived usefulness and perceived ease of use. In this study, TAM is used as a framework to explain the use of the Fintech payment system using instruments such as perceived usefulness, perceived ease of use, perceived credibility, Fintech promotions that support customers have the intention to use the Fintech payment system. The measurement of the TAM model in this study uses Lisrel which is one of the applications used in Structural Equation Modelling (SEM). The result and conclusion obtained about the reasons customers shift to Fintech payment system because of usefulness of Fintech payment system and Fintech promotions which have been offered and given to customers.

Keywords: Fintech, Payment System, TAM, perceived usefulness, perceived ease of use, perceived credibility, Fintech promotion, intention to use


TEST THE VALIDITY OF THE STOCK PRICE VALUATION MODEL (EMPIRICAL STUDY OF STOCK PRICE LQ45 IN BEI 2009 – 2018)

Heru Agustanto, Harmadi, Sri Seventi, SunarjantoUniversitas Sebelas Maret

AbstractThe important factors that to be considered in taking investment decisions is determining how

the approximate price of the shares will be purchased at this time, and how the share price at the end of a certain period at a time when the shares will be sold. In terms of determining the estimated purchase price and the selling price of the shares that voted, the level of accuracy of the estimates becomes one of the important factors that determine whether investors will gain added value from its investments or not.

Generally the expectations of investors buy shares at reasonable prices in a desirable, the price is relatively cheap (under price), or buy a stock at a price that is relatively expensive, with hope in the future can be sold again with higher price than at the time of purchase.With an estimated sale price or current theoretical price, then the investor can assess whether the price of the shares on offer in the current market price is the appropriate (fair price), too expensive (over price), or relatively inexpensive (under price).

To the calculation of the estimated share price, there are several methods that can be used, such as (1) the approach of the present value of the cash flow (dividend discount model). (2) a relative Approach, using multiplayer, or earning dividends (PER, Price to Dividend Ratio), and (3) factors approach using the expected return that is expected (CAPM and SIM)

The purpose of this research was to test the validity of some of the Stock price valuation model based on cash flow, market performance, and model factor. By knowing the level of validity and accuracy of the theoretical valuation models to create expectations of stock prices, expected investors can avoid or eliminate potential losses that will occur over the purchased shares. In this study, observation focused on stocks of issuers best performing at the Group at BEI LQ45, at least 5 times during the period of observation (in 2009 – 2018).

Key words: fair price, under price, over price, dividend discount model, PER, Price to Dividend Ratio, CAPM, SIM


THE EFFECT OF FUN AT WORK AND PARTICIPATION IN DECISION MAKING ON ORGANIZATIONAL CITIZENSHIP BEHAVIOR WITH WORK ENGAGEMENT AS A

MEDIATOR

Retna Soraya, Aryana SatryaUniversity of Indonesia

AbstractNowadays, the company strives to create a comfort and conducive work environment for its employees with the aim that the employees could perform the job with satisfactory results. The purpose of this paper is to examine the influence of fun at work and participation in decision making on organizational citizenship behavior through work engagement as a mediator in one of Government Institution in Indonesia. This research will use a quantitative approach with an online questionnaire method with 370 respondents, determined by non-probability sampling with purposive sampling method, limited to employees who have position as a Staff until Assistant Director. The measuring tools used in this study is Fun at Work Questionnaire (Tews, Michel & Allen, 2014), Participation in Decision Making Questionnaire (Steel & Mento, 1987; Reeves, Walsh, Tuller & Magley, 2012), UWES-9 Questionnaire (Schaufeli, Bakker & Salanova, 2006), and Extra-Role Performance Behavior Questionnaire (Williams & Anderson, 1991). Based on data analysis, it can be concluded that participation in decision making was positively significant related to organizational citizenship behavior, meanwhile the direct effect of fun at work on organizational citizenship behavior was not significant. It also can be concluded also that work engagement mediates the positive effect of fun at work and participation in decision making on organizational citizenship behavior.

Type of Paper: Empirical

Keywords: Fun at Work, Participation in Decision Making, Work Engagement, Organizational Citizenship Behavior


PERFORMANCE CALCULATION SOFTWARE PURCHASE IN INDONESIAN AIRLINES

Novriyansyah KarnaintaUniversity of Indonesia

AbstractThe purpose of this study was to analyze procedures for EFB use in airlines in Indonesia and

the benefits obtained from the use of the EFB. For airlines in Indonesia, EFB is still an aircraft technology that is not too familiar, both from the airline side and the government as a regulator. However, there are already many in this country that run this program.

The method used to analyze the use of EFB is to conduct a survey of the pilots who have run this program, both before implementation and after the program is running. In addition, other benefits such as the efficiency value obtained from this program will be seen and compared to before the program was implemented.

In the first part of the paper, the concept of efficiency is determined and requirements of flight operations planning procedures are investigated with literature review. In the second part, electronic flight bag is defined with the properties, types, services, and usage conditions. In the last part, the efficiency of EFB usage is estimated with the data which is collected by survey method and descriptive analysis using regression and chi-square analysis. The efficiency produced from EFB use is also taken into account. The research was completed with Garuda Indonesia as an airline company in Indonesia.

Keywords: EFB, Descriptive Analysis, Efficiency


THE ROLE OF AFFECTIVE COMMITMENT AND FELT OBLIGATION IN THE EFFECT OF POS ON WORK ROLE PERFORMANCE

Nur Hidayati, Hadi SunaryoIslamic University of Malang

Hafid Aditya PradesaNational Agency for State Administration

AbstractBased on social exchange theory, the aim of this study was to examine mediating role of affective commitment and felt obligation in the effect of perceived organizational support (POS) on work role performance. Object of this study are 170 state treasury officers in Indonesia. Of six hypotheses proposed, two are rejected. Finding of this study show that POS to be significantly positively related to affective commitment and felt obligation directly, but only felt obligation would plays important role in shaping work role performance directly. Consistent with previous studies, affective commitment considered as primary outcome of POS. We noted that higher levels of POS are presumed a more positive emotional state of officers. Practical implication show that employers must focus on how build emotional attachment and felt obligation among officers with support given to them. In this article, we argue the importance of higher work role performance could achieved as outcome of feeling obligate to institution and highlight the implications of such a climate for facilitating emotional attachment and obligation among treasure officers.

Keywords: Perceived Organizational Support, Affective Commitment, Felt Obligation, Work-Role Performance.


THE EFFECT OF TRANSFORMATIONAL LEADERSHIP ON COMMITMENT TO CHANGE MEDIATED BY TRUST IN PUBLIC ORGANIZATION

Sri Nurhayati, Putri Mega DesianaUniversitas Indonesia

AbstractEmployee commitment to change is significant for the successful implementation of an organizational change initiative. Leadership is one of the important factors in organizations. Type of leadership which oftentimes associated with organizational change is transformational leadership. The purpose of this study is to investigate the effect of transformational leadership on commitment to change mediated by trust in public organizations. A cross-sectional design was used. Questionnaires were distributed to staff in a public organization related to drug and food control in Jakarta. Data from 247 respondents were obtained. For descriptive and inferential tests, SPSS 25 and LISREL 8.7 (IBM) statistical software were used to analyze the data based on the Structural Equation Modeling (SEM). The result of the study shows that transformational leadership has a significant and positive effect on trust. Trust has a positive and significant effect on commitment to change. The findings support the hypothesis that trust mediates the relationship of transformational leadership to commitment to change. Therefore, it can be suggested that implementation of organizational change can create employee commitment to change by building trust through transformational leadership.

Keywords: transformational leadership, commitment to change, trust, public organization.


TRANSFER PRICING ANALYSIS ON INTRAGROUP FINANCING TRANSACTIONS ININDONESIA (CASE STUDY: PT MMM TBK., BUSINESS GROUP OF VEHICLE

PROVIDER)

Deo Damiani, Williem Makaliwe University of Indonesia

AbstractThe focus of this study are the analysis on intragroup financing transactions in Indonesia based on the study case in ABC Tbk Group. The study used qualitative approach with descriptive design. Data collection is based on literative studies specifically refers to the case study of group ABC Tbk, Tax Court decision in Indonesia and in-dept interview. The result of this study shows that implementation of transfer pricing analysis of intragroup financing transactions could be implemented and suggesstion for management when deciding policy related to intragroup financing. Furthermore, from the perspective of tax regulation and practice in Indonesia, the analysis used by ABC Group there are several considerations based on the Draft Discussion OECD regarding intragroup financing and also Indonesian tax court decisions to minimalize risk for tax dispute. Moreover, in the view of Indonesia tax regulation and practice, the use of arm’s length principle for intragroup financing by ABC Group is acceptable.

Keywords: Intragroup financing, Transfer Pricing, Arm’s Length Principle, International TaxationThemes: Taxation (Transfer Pricing and International Taxation)


BUSINESS DIPLOMACY IN IMPLEMENTING THE GLOBAL 2030 DEVELOPMENT AGENDA: CORE COMPETENCIES NEEDED AT THE CORPORATE AND MANAGERIAL

LEVEL

Ratna Tri Hardaningtyas, Harun Al Rasyid, Aleria Irma HatnenyUniversity of Islam Malang

AbstractFaced with global concerns about increasing vulnerability of the global system and its sustainability, private companies are asked and encouraged to contribute to the implementation of the 2030 Agenda for Sustainable Development Goals (SDGs) through multi-sectoral partnerships. Implementing the SDGs will require coordinated and collective effort by all stakeholders to move the world forward towards a shared vision as set out in the SDG goals and targets. Business diplomats representing the interests of enterprises are crucial to ensure a mutually beneficial participation of business in the implementation of the SDGs. Propositions are made in this chapter to outline the requisite competencies needed to implement business diplomacy both at the organisational and managerial levels in the context of SDGs implementation. The method used for this study consists of literature review, conceptual analysis and further development of organisational theory.The SDGs in fact mean transforming all countries and actors in all spheres of human existence in an integrated and coherent manner. This transformative journey will not be incremental, but rather disruptive and demands fresh new thinking and smart system redesign. The private sector has been recognised as a leading player in this endeavour that could and should contribute to the success of SDG implementation due to its comparative excellence in process design, management know-how, control of resources and global outreach. To ensure a healthy functioning of diverse formal and informal partnerships, business diplomats will have a central role to play in safeguarding the integrity of multiple interfaces with internal and external multistakeholders. Business diplomacy shall ensure timely consultations and seek feedback from their constituent stakeholders while at the same time doing their best to get their company to contribute to the SDGs.

Keywords: Business diplomacy; sustainable development goals; business sustainability; organisational and multi-stakeholder learning


THE EFFECT OF WORK STRESS AND MOTIVATION ON TURNOVER INTENTION

Reseliani Mahrofi, Hadi Sunaryo, Budi WahonoUniversity of Islam Malang

AbstractThis study aims to determine the effect of work stress and motivation on turnover intention

employees. This research is explanatory research. The research was conducted to 60 samples of non-medical employess at Rumah Sakit Islam Malang UNISMA. The technique sampling used proportional random sampling. Data analysis used includes multiple regression linier analysis and hypothesis test. The results of this research indicate that work stress has a significant positive effect on turnover intention, and motivation has a significant positive effect on turnover intention of non-medical employees of Rumah Sakit Islam Malang UNISMA.

Keywords: Work Stress, Motivation, Turnover Intention


THE PREPARATION OF FINANCIAL STATEMENT AT MSME “XYZ”

Hairanisa Hazhar, Sisdjiatmo K. WidhaningratUniversitas Indonesia

AbstractMicro, Small and Medium Enterprises (MSMEs) play an important role in national economic development in Indonesia. MSMEs contibutes of 99.99% of the total business in Indonesia or accounted to 56.54 million units. One of the MSME industries is the Muslim fashion industry, whereby this Muslim fashion industry continues to grow. However, there are some challenges in developing the micro, small and medium enterprises (MSME) industries. One of the challenges that can hinder MSMEs is in the financial sector, which is lack of financial management. This challenges is also faced by one of the MSME “Xyloshoop” owned by Ibu Ayu. Xyloshoop mainly focused in hijab business. Currently, Xyloshoop lack of understanding about the improtance of financial statements and cost of goods sold. This causes the Xyloshoop’s owner facing difficulties in being able to measure financial performance and making Xyloshoop's business decisions. Therefore, Business Coaching will be focused on being able to provide training and making software-based financial reports and measuring the cost of sales of Xyloshoop’s products.

Keywords: MSME, Muslim Fashion, Financial Statement, COGS


THE EFFECT OF SALES GROWTH AND DIVIDEND PAYOUT RATIO ON FOOD AND BEVERAGE COMPANY STOCK PRICES REGISTERED IN INDONESIA STOCK

EXCHANGE

Mitra Kartini, Ronny Malavia Mardani, Budi WahonoUniversity of Islam Malang

AbstractThe purpose of this research are to know the partially effect of sales growth and dividend payout ratio on stock price. The sample used in this research are 12 companies of food and beverage that listed on the Indonesia Stock Exchange from 2013 to 2017. The method used to analyze is multiple linear regression. The result of this research has proved that the sales growth has positive effect and insignificant, dividend payout ratio has possitive effect and significant.

Keyword: Stock Price, Sales Growth and Dividend Payout Ratio (DPR).


ROUTINE ORGANIZATION, IT ABILITY AND PERFORMANCE ORGANIZATION: AGILITY BUSINESS PROCESS AS A SOURCE FLEXIBILITY AND CHANGE

MANAGEMENT RESEARCH IN THE STATE OWN ENTERPRISE HOSPITAL GROUP

Mochamad Sonny Irawan, Lily SudhartioUniversitas Indonesia

AbstractPertamedika as a holding corporation of a hospital owned by a state-owned enterprise (SOE) is faced with an ever-changing world that requires companies to survive and have competitiveness. Hospital information and technology (IT) capabilities are expected to be a solution to one of the factors that encourage corporate organizational agility to experience challenges in the application of the hospital business, considering the hospital business is full of requirements and regulations as outlined in standard operational procedures in serving public health. based on patient safety. For this reason, the factors that influence hospital sales growth need to be investigated further. This research was conducted with a quantitative method to determine the relationship between routine organization, IT capabilities, and agility business processes as a source of flexibility and management of changes to sales growth in revenue centers in hospitals ranging from outpatient services, inpatient and medical service support. Research will be carried out on a number of managers and workers in 60 hospitals owned by state-owned companies incorporated in the Pertamedika Indonesia Healthcare Corporation (IHC) Group using survey data and using the Structural Ecuation Model (SEM). The results of this study will enrich previous studies that have been conducted, in the context of companies in the hospital industry in Indonesia.

Keywords: Organizational Routines, Ostensive Routine, Performative Routine, IT Capabilities, Organizational Agility, Hospitals, BUMN


THE CONTRIBUTION OF FINANCIAL REPORTING SYSTEM IN EVALUATING PERFORMANCE IN THE MSME

Arvia Clarissa, Lily SudhartioUniversitas Indonesia

AbstractThis article aims to analyze the solution regarding financial practices that impact performance of an MSME in sport industry in Indonesia. Sport industry in Indonesia continues to develop along with the world trends, and makes the industry becomes attractive. The study itself was investigated by qualitative study, aiming to improve the basis of analysis. Based on the analysis using several tools, which are Business Model Canvas, Segmenting, Targeting, and Positioning, SWOT, and TOWS, it shows that the MSME did not have any financial reporting system that could help them to analyze and improve their performance. The solution provided for the MSME is to use financial reporting application created by Bank of Indonesia called Si-Apik. Si-Apik will also generate financial overview which can help them in analyzing the performance of the MSME

Keyword: Business Coaching, Financial Report, Performance


SUSTAINABLE DEVELOPMENT GOALS IN MAQASID SHARIA CONCEPT

Harun Alrasyid, Ratna Tri HardaningtyasUniversitas Islam Malang

AbstractThe United Nations launched in September 2015 a new comprehensive and sustainable human development called Sustainable Development Goals (SDGs) which plan to be achieved around the world in 2030. This plan consists of 17 high-level goals for sustainable development, including social, economic and environmental dimensions of development. This research will be based on the descriptive approach by reference to the Islamic heritage related to Maqasid Sharia to prove that these seventeen goals are fully in line with the principle of Sharia based on providing benefits for mankind and preventing them from harm (jalb al-masalih wa dar’ al-mafasid). After induction, we find that legitimate texts from the Qur'an and Sunnah support these goals and even urge a more complete approach from Plan 2030 because they are aimed at preventive steps to prevent 17 major issues in the plan and measures to address these problems. Therefore, we conclude that the countries in the world, especially Islamic countries, must support this plan because they agree with the main task of humanity, which is the successor of Allah in the land who was asked to prosper the earth for the benefit of living beings and the fulfillment of the message of Islam Rahmatan Lil Alamin.

Keywords: Maqasid Sharia, SDGs, Maslahah


FINANCIAL REPORTING SYSTEM IMPROVEMENT IN ORDER TO MONITOR PERFORMANCE OF CV CITRA GRAFIKA MANDIRI

Ferry Firmansyah, Lily SudhartioUniversity of Indonesia

AbstractThis paper is in the form of Business Coaching activities that using qualitative approach to know condition of CV Citra Grafika Mandiri, a medium-size entreprise that runs a printing business and located in Tangerang. Data that collected through interview and observation then analysed using several analytical theories namely STP, Marketing Mix, Business Model Canvas, Porter 's 5 Forces, SWOT, Gap and Pareto analysis. The analysis result shows that the main problem faced by the entreprise is the absence of financial reporting system. Therefore, this Business Coaching activity is expected to improve the entreprise's financial reporting system so that the entreprise's performance can be monitored properly.

Keywords: Financial Reporting, Business Coaching, SME


THE MEDIATING ROLE OF INNOVATIVE WORK BEHAVIOR IN THE RELATIONSHIP BETWEEN PERCEIVED ORGANIZATIONAL SUPPORT, INNOVATION CAPABILITY,

AND INNOVATION PERFORMANCE: THE CASE OF INDONESIAN RENEWABLE ENERGY COMPANY

Nanang Kurniawan, University of Indonesia

Budi W SoetjiptoUniversity of Indonesia, University of Pertamina

AbstractInnovation performance has been considered as an important source of competitive advantage, and crucial determinant of firm performance. Previous studies, such as Yesil et al (2013), Aryanto et al (2015) and Anh & Tong (2017) found a significant effect of innovation capability on innovation performance. However, this capability does not exist by itself; past research somehow has overlooked the drivers of innovation capability, in particular innovative work behavior (Buranakul et al, 2016; De Jong & Den Hartog, 2008) and perceived organizational support (Afsar & Badil, 2016; Eisenberger et al, 1986).Involving 105 middle managers of Indonesian renewable energy company, this study examines the effect of perceived organizational support and innovative work behavior on innovation capability and eventually on innovation performance. It also examines the mediating effect of innovative work behavior on perceived organizational support-innovation capability relationship.The results of the study confirm the previous researches that innovation capability has a positive and significant impact on innovation performance. Furthermore, the results also demonstrate that the impact of perceived organizational support on innovation capability is fully mediated by innovative work behavior, which in turn strengthens the increases of innovation capability even higher. In other words, the presence of perceived organizational support is actually inadequate. It is innovative work behavior, which makes the impact significant. As a follow up of this study, future research is also discussed.

Key words: Innovation Capability, Innovation Performance, Innovative Work Behavior, Perceived Organizational Support, Middle Manager


CULTURE AND BEHAVIOR OF INDONESIAN CORRUPTOR

Agus SetiawatyUniversitas Mulawarman

AbstractWidespread corruption cases in Indonesia raises public questions about the cause of the crime. Corruption is like a deadly virus that spreads quickly with terrible effects on the environment. Many things trigger the occurrence of corruption, one of which is the culture. This study aims to reveal the influence of culture on the behavior of Indonesian corruptors. Culture in this study uses the Hofstede cultural dimension that includes power distance, uncertainty avoidance, individualism versus collectivism, masculine versus feminine, long term versus short term orientation, and indulgence versus restraint. The data in this study is obtained through digital traces that describe the facts in the trial about the motives and patterns of corruption committed. The result of the research shows that cultural values which are full of goodness and politeness are interpreted differently by the corrupt because those become the basis for committing the crime. Different meaning of culture by corruptor indicates the existence of reduction of cultural values of nation.

Keywords: culture, Hofstede, behavior of corruptor.


IMPLEMENTATION ON FINANCIAL REPORTING IN SME TO EVALUATE FINANCIAL PERFORMANCE

Nyimas Dewi Andriani, Lily SudhartioUniversitas Indonesia

AbstractThe main purpose of this paper is to help the owner of XYZ store, a small medium retail gold & jewelry store located in South Jakarta, gain better understanding on how to prepare and the importance of financial statements to evaluate its financial performance and help them in future decision making through business coaching process. This research used qualitative approach. Data were collected from in-depth interviews, observation and study of documentation. Several tools were used to analyze the data such as business process, STP, Marketing Mix, Business Model Canvas, Porter’s Five Forces, SWOT/TOWS, Gap and Pareto analysis. Key findings revealed that the store has inadequate accounting records and limited owner’s understanding on the accounting and financial reporting as well as its usefulness. Based on these findings, an accounting application was used to help the owner in recording the financial transactions to generate financial statements. Further, coaching process was carried out to educate the owner on the importance of maintaining proper accounting records and financial statements preparation.

Keywords: business coaching, SME, gold & jewelry retail, financial reporting


DESCRIPTIVE ANALYSIS OF FINANCIAL PERFORMANCE AND INTERNET FINANCIAL REPORTING ACCESSIBILITY IN INCREASING COMPLIANCE OF

FINANCIAL INFORMATION DISCLOSURE(STUDY ON LOCAL GOVERNMENTS IN INDONESIA)

Anissa WindartiUIN Syarif Hidayatullah

AbstractFinancial information disclosure is a demand that must be fulfilled by the local government to the community. The community has the right to know the performance of local governments transparently through complete e-government. This study aims to describe financial performance and accessibility of IFR in increasing compliance with financial information disclosures. There are 34 provincial governments in Indonesia which were made into the population of this study. Samples are determined based on purposive sampling technique with the condition that having e-government and website can be accessed until June 2018 and has a Financial Report for 2015-2016. The method of data analysis in this study is descriptive analysis of quantitative approaches. The results showed that the factual condition of financial performance during 2015-2016 still did not show an evenly increasing performance in each financial ratio. IFR accessibility in obtaining financial information has also not been maximally provided in the official website of the regional government. From all the official local government sites, only a few content that have been provided are complete, namely the ease of finding official local government sites, the availability of search engines and the availability of communication facilities. In terms of the level of compliance of financial information disclosures has decreased from 2015 to 2016. This situation shows the financial performance and accessibility of IFR that is currently not able to improve compliance in disclosing financial information on the official website of the local government.

Key words: financial performance, accessibility of IFR, compliance of financial information disclosures


INFORMATION FRAMING AND DIVIDEND POLICY: HOW IF AFFECTS THE INVESTING INTENTION? (AN EXPERIMENTAL STUDY)

I Made NarsaUniversitas Airlangga

Andry Syuhada Caesar SaefullahUniversitas Muhammadiyah Malang,

Niluh Putu Dian Rosalina Handayani NarsaUniversitas Airlangga

AbstractThis study focused on testing the effect of information framing and dividend policy on investment intentions. Experiments using 2x2 factorial design between subjects is the research method used. Participants were students of the Faculty of Economics and Business, Airlangga University as many as 100 people assigned to each group at random. However, only 85 people escaped based on manipulation checks. With the help of SPSS applications, data analysis uses two-way ANOVA. The results of this study indicate that the main effect of the information framing variable shows insignificant results. Framing information without the variable itself has no effect on the decision of the intention to invest. The insignificant results are shown by the main effect of the dividend variable. The dividend variable itself has no effect on the decision to invest. The interaction effects of framing and dividend information variables show significant results. The variable frames dividend information and together influences the decision intent to invest.

Keywords: framing information, dividend policy, intention to invest


MARKETING STRATEGIES THROUGH SWOT AND QSPM IN SMA SEMEN GRESIK

Rosa Rilantiana, Yanuar Trisnowati, Roostikasari Nugraheni, Rizky NoviasriUniversitas Internasional Semen Indonesia

AbstractHigh School need initial attempt to identify the school's strengths and weaknesses, both in school management, facilities should be provided by the school, to the way of teaching the teacher, as well as the programs and goals to be achieved. In addition, schools need to understand the threats that can undermine the usefulness of the schools in the community. Analysis of the SWOT matrix and Quantitative Strategic Planning Matrix (QSPM) can be applied to SMA Semen Gresik to plan the marketing strategy of educational institutions namely Semen Gresik High School by identifying internal factors and then analyzing it by formulating several alternative strategies through SWOT matrix analysis and evaluated through QSPM to get a marketing strategy.

Keywords: EFE, IFE, marketing, SWOT, QSPM, Education


PERFORMANCE OF HEALTHCARE WORKFORCERELATED TO NHS PATIENT SATISFACTION

Erlina Puspitaloka Mahadewi, ZairilMercu Buana University

AbstractNational Health Security (Jaminan Kesehatan Nasional/JKN) is once of National Social Security System (Sistem Jaminan Sosial Nasional/SJSN) established since 2014 in Indonesia. This program financially protected all of Indonesian citizenship from disease burden in order to get health care beneficiaries and protecting to fullfillment of basic health services. Patient satisfaction theoretically related to the task performance of health care workforce. This study aimed to proof that NHS patient satisfaction had linked to performance of health care workforce at hospital outpatient services. Cross sectional design was arranged to colllect data from 87 participants from all of patients who attended at outpatient services with accidental sampling method. Primary data provided from Work Performance and Patient Satisfaction Questionnaire. Univariat study and bivarians Chi-square test were held to analizing collected data. Result: 56.3% of participants had good perceived about workforce performance, and 52.1% of participants had less satisfaction to outpatient services. Workforce performance statistically proofed relating to patients satidfaction. Conclusion: patients more likely satisfaction to outpatient services when heath care workforce had more good performance. Training, workshop, and rewards should be applied to achieve high level performance of hospital workforce.

Keywords: patient satisfaction, outpatient, hospital, performance, healthcare workforce


THE EFFECTIVENESS OF DISASTER PREPAREDNESS SCHOOLS TRAINING AS AN EFFORT FOR SCHOOLS COMMUNITIES IN BANDA ACEH

A.M. Ikramullah, Enok Maryani, Iwan SetiawanUniversitas Pendidikan Indonesia

AbstractBanda Aceh is located at the end of a Sumatera island between an active fault of Sumatera; Aceh fault and Seulimum fault. The disaster preparedness is continually educated in schools communities through a training of Disaster Preparedness School as a response of post-earthquake and tsunami in 2004. This study aims to know the effectiveness of the Disaster Preparedness School as preparation training in schools communities and also to find out the driving factors and a barrier in the implementation of disaster preparedness school in Banda Aceh. This present study uses survey. The sample is 12 disaster preparedness schools in different levels; elementary, junior and senior high schools. The samples for each school are students, teachers, and educational personnel. The data analysis is in descriptive. The result of this present study shows that most of the programs are effectively done. However, there are several problems in fund allocation for disaster preparedness and the schools, in general, are depending on the government in order to do simulations of disaster preparedness.

Keywords: training, Disaster Preparedness Schools, schools communities


ANTECEDENTS OF ENTREPRENEURIAL ORIENTATION IN PUBLIC SECTOR ORGANIZATION

Amellia, Rofikoh RokhimUniversitas Indonesia

AbstractA growing world requires organizations to survive and have competitiveness. Entrepreneurial Orientation (EO) is known to have a positive role in organizational growth and development. EO is associated with risk taking activities, innovation development, and proactiveness. And for that, the factors that influence EO need to be investigated further. This research was conducted with quantitative methods to determine the relationship between the external and internal environment of the organization with EO. The external environment studied was dynamism, munificence, and complexity. While internal organizational factors related to EO are management support, work discretion, rewards/recognition, and resource availability. In general, the discussion on entrepreneurship is aimed more at private sector organizations or small-medium enterprises. The research was conducted in one of the public sector organizations in Indonesia that is engaged in social security namely BPJS Ketenagakerjaan (Workers Sosial Security Agency). The data is taken from 42 head of branch office originated from regions in Indonesia. The results of this study will enrich previous studies that have already been carried out, with the context of public organizations in Indonesia.

Key words: Entrepreneurial orientation, external environment, internal organization, public sector organization


WORK-LIFE BALANCE, CAREER GROWTH OPPORTUNITY, AND JOB OUTCOMES: NEW EVIDENCE FROM GOVERNMENT AUDITORS

Husna Roza (Andalas University)

Suhernita(PhD Student of Gajahmada University)

(Andalas University)

AbstractWork-life balance has become an interesting issue in accounting profession, especially as the millennial started to dominate the profession. In addition to rapid career development, the millennial seeks to ensure meaningful life outside the work. For accounting profession which has been struggling to attract and maintain competent staffs, such issues become more crucial.

This research is aim at investigating how work life balance and career growth opportunity affect satisfaction, commitment and turnover intention. Respondents for this research are governments’ auditor working at BPK and BPKP. Data for this study were gathered from web based survey. Partial Least Square (PLS) will be used in data analysis and hypotheses testing. Results reported in this study suggests that work life balance is an important determinant of several job outcomes such as satisfaction and turnover intention. Yet, this study fails to support association between work-life conflict and organizational commitment.

Key Words: Work-life Balance, Career Growth, Auditor, Public Sector


DYNAMICS OF KNOWLEDGEIN THE ECONOMIC SYSTEM FRAMEWORK: COGNITIVE APPROACH

Aleria Irma Hatneny, Ety Saraswati, Ratna Tri HardaningtyasUniversity of Islam Malang

AbstractFrom the previous studies, knowledge has been recognized as an important part of resources in an economic system framework. The economic system will produce output that can be seen in: innovation, economic and social growth, and many others. This paper aims to explore how the role of knowledge shapes concepts in an economic system framework. By using literature study within cognitive approaches based on management theory, it can be explained how knowledge is processed, what environmental conditions are needed, and which actors are related. Furthermore, the relationship between concepts is discussed and presented in the form of conceptual framework of economic system from knowledge perspective. This paper confirms the importance of the role of knowledge as a key resource in economic system that can be adopted or developed in regional economic studies.

Keywords: knowledge dynamics, economic system framework, regional economic studies


AN ANALYSIS OF INVESTMENT DISPUTE RESOLUTIONTHROUGH ARBITRATION AND ALTERNATIVE DISPUTE RESOLUTION

INSTITUTIONS

Suratman, Benny Krestian Heriawanto, Pinastika Prajna ParamitaUniversity of Islam Malang

AbstractInvestment activities are always related to the possibility of the occurrence of risks that can result in reduced or even loss of capital value. Several factors need to be considered before carrying out investment activities, including the problem of the risk of investing and an effective dispute resolution mechanism. How to resolve disputes in the field of investment includesInternational Center for Settlement of Investment Disputes (ICSID), International Chamber of Commerce (ICC) and Indonesian National Arbitration Board (BANI). By using a normative research with a conceptual approach and statute approach, this research will describe what the mechanisms of investment or foreign investment in Indonesia are, the cause of investment disputes between the government and foreign investors/growers, and what the mechanisms for resolving investment disputes through arbitration and Alternative Dispute Resolution institutions are.


"GREEN CAPITALISM": ENVIRONMENTAL ISSUES AS A PROTECTION INSTRUMENT IN INTERNATIONAL TRADE

Abdul Rokhim, Diyan Isnaeni, Abid ZamzamiUniversity of Islam Malang

AbstractEnvironmental issues in international trade are one of the global issues that must be responded by developing countries. In international trade, in the name of environmental interests, developed countries as members of the World Trade Organization (WTO) have been entitled to determine environmental rules or standards that are used as conditions in international trade transactions as long as they are carried out without discrimination. However, in practice, environmental rules or standards were actually created as a tool to limit the liberalization of global markets to protect the economic interests of developed countries with the expense of the interests of developing countries. Indonesia's commitment to environmental issues in international trade is realized, among others, by ratifying and implementing the results of the Earth Summit 1992 in national legislation.

Keywords: Green Capitalism; Environmental Issues; International trade


ALTERNATIVE DISPUTE RESOLUTION FOR A COMPLEX LATENT CONFLICT: LEARNING FROM AUSTRALIAN INDIGENOUS AND NON-INDIGENOUS

RECONCILIATION

Ahmad Bastomi, Isdiyana Kusuma Ayu, FaisolUniversity of Islam Malang

AbstractThe rapid growth of Alternative Dispute Resolution (ADR) as an option in dealing with dispute through non-litigation processes provide legal practitioners with new solutions for many socio-legal matters, including complex latent conflicts that involve mass violent and intense physical clashes. One of which is conflict handling strategy undertaken by Australian government to manage tension between Indigenous and non-indigenous communities for difficult past experience by implementing reconciliation approach. Even though ADR is mainly used for business and other private legal matters, the use of ADR in public dispute such as light crimes and communal dispute in many different countries such as the USA, the UK and Australia by using restorative justice system, conferencing and other approaches. Thus, to gain a better understanding of the implementation of ADR in such a complex latent conflict, this essay analyzes the possibilities to implement ADR in a conflict involving mass violent learnt from Australian Indigenous and non-indigenous reconciliation.

Key words: alternative dispute resolution, reconciliation, conflict


ELECTRONIC WORD OF MOUTH FROM CORPORATE SOCIAL RESPONBILITY AS A MODERN MARKETING TOOL

Ratih AmeliaBrawijaya University

AbstractPost-purchase consumer behavior in the purchase decision of a product is known as word of mouth. In the digitalization era like today, word of mouth has changed its name to electronic word of mouth. Consumers use Electronic Word of Mouth as information about products that have been consumed. Prospective consumers use word of mouth as a reference in the information seeking stage to make purchasing decisions. Is electronic word of mouth helping companies to market their products. Does electronic word of mouth actually drop the company because of information about consumer disappointment over the products that have been consumed. What if the company has done Corporate Social Responbility. Does electronic word of mouthfrom Corporate Social Responsibility also help companies influence consumers to consume products from the company. This paper through a literature review shows that the importance of the role of electronic word of mouth as a modern marketing tool in this digital era.

Keywords: Electronic word of mouth, Corporate Social Responsibility, purchase decision making,consumer behavior


WORKING CAPITAL MANAGEMENT TO PROFITABILITY AND FIRM VALUE IN DEVELOPING FIRMS:

THE CASE OF CONSUMER GOODS INDUSTRY

Dita Roosemella ParamadinaUniversitas Islam Malang

AbstractIn general, efficiency in firm’s working capital management can increase profitability and firm value. However, at a certain time working capital management without efficiency can increase profitability and firm value. There is an trend of increasing use of working capital in consumer goods industry sector firms in 2009 to 2013 that are interesting to study. This study aims to analyze the direct effects of the cash conversion cycle on profitability and firm value. In addition, indirect effects of the cash conversion cycle on firm value through profitability are also examined. A total of 23 firms in the consumer goods industry sector listed on the Indonesia Stock Exchange were used in this study as populations and samples. Path analysis was used as a method of data analysis. The research results obtained indicate that the efficiency of working capital management, especially in cash management is not one of the main priorities of developing firms to increase its profitability. Profitability does not mediate the effect of the cash conversion cycle on firm value. It was concluded that the market is more assessing how firms can make improvements in its liquidity management, especially in working capital rather than just looking at its profitability because if the firm's liquidity conditions is good, it will definitely have a positive impact on profitability.

Keywords: working capital, cash conversion cycle, profitability, firm value


MOTIVATION OF BONUS PLAN IN FRAUDELENT FINANCIAL STATEMENT

Anelis Haryanto, MF. Arrozi AdhikaraUniversitas Esa Unggul

AbstractThe issue of fraudulent financial statements involves the capability of professionals who have positions in the company so that they take advantage of opportunities for fraud and apply challenges to high profit targets in their business units. Business unit managers experience strong pressure from the motivation of various parties both from within the company and from outside the company. The purpose of the study was to obtain empirical evidence of the effect of pressure, opportunity, rasionalization, competence, and arrogance to influence earnings management and fraudulent financial statements on delisted companies on the Indonesia Stock Exchange.The design of this study is in the form of hypothesis testing with the type of expalatory causality which aims to examine causal relationships simultaneously between variables of pressure, opportunity, rasionalization, competence, arrogance, earnings management and fraudulent financial statements. The method of data collection is a library survey. The type of data is secondary. The data object is a delisting company on the Indonesia Stock Exchange in 2009-2016. The time dimension is a one shot study. The analysis unit is a delisting company on the Indonesia Stock Exchange. Data analysis techniques using path analysis.The results showed that ROA had a positive effect on Earning Management; DER has a positive effect on Earning Management; The Independent Commissioner ratio has a positive effect on Earning Management; Change of Auditor does not affect Earning Management; Change of Directors does not affect Earning Management; The CEO does not affect Earning Management; Earning Management has a negative effect on the Fraudulent Financial Statement; ROA does not affect the Fraudulent Financial Statement; DER has a negative effect on the Fraudulent Financial Statement; The ratio of Independent Commissioners does not affect the Fraudulent Financial Statement; Change of Auditor has a positive effect on the Fraudulent Financial Statement; Change of Directors does not affect the Fraudulent Financial Statement; and the CEO has a negative effect on the Fraudulent Financial Statement. The results of the study also show that Earning Management mediates between the influence of Pressure, Opportunity, Rationalization, Competence, Arrogance towards the Fraudulent Financial Statement.The research findings are earnings management actions with the bonus plan motivation as the basis for the occurrence of fraudulent financial statements, as well as producing financial statements that are materially misleading.

Keywords: Earning Management, Pressure, Opportunity, Rationalization, Competence, Arrogance, Fraudulent Financial Statement


THE EFFECT OF COMPENSATION ON CASH HOLDINGS: EVIDENCE FROM COMPANIES LISTED ON INDONESIA SHARIAH STOCK INDEX

Suherman, Novia Fransiska, Sholatia DalimuntheUniversitas Negeri Jakarta

AbstractThis study aims to determine the effect of executive compensation on cash holding in manufacturing companies listed in the Indonesian Syariah Stock Index (ISSI) for the period 2012-2016. The independent variable used in this study is executive compensation. The dependent variable used in this study is cash holding. This study uses control variables, namely company size, leverage, liquidity, institutional ownership, managerial ownership, and cash flow. The model used in this study is balanced panel data using the Random Effect Model approach. The results showed that executive compensation did not affect the cash holding. Cash is not the main preference for management to invest because the yield is the lowest, which is certainly not in line with the company's goals. This research is in line with the trade-off theory that manufacturing companies can choose which is better for the company between the costs and benefits obtained in saving cash.

Keywords: Cash holding, compensation, shariah stock index


THE EFFECT OF PSYCHOLOGICAL EMPOWERMENT AND WORKLOAD ON LIFE SATISFACTION THROUGH THE MEDIATION OF WORK-FAMILY CONFLICT ON

INDONESIAN GARMENT WORKERS

Ryan Saputra Alam, Aryana SatryaUniversity of Indonesia

AbstractThis study aims to examine the relationship of psychological empowerment, Workload, Work-family Conflict, and Life Satisfaction on garment workers in Indonesia. Respondents on this study used as many as 2794 garment workers spread across five provinces in Indonesia. Hypothesis testing was conducted using the structural equation model (SEM) method with the LISREL 8.8 application. The results showed that psychological empowerment and workload had a positive effect on Life Satisfaction, the result also showed that workload has positive effect on work-family conflict. Meanwhile, there was no significant relationship of empowerment to work-family conflict and empowerment to life satisfaction. In addition, the results of the study also show that Work-family Conflict not mediates the workload and empowerment relationship with life satisfaction on garment workers.

Keywords: Psychological Empowerment, empowerment, workload, work-family conflict, life satisfaction, Indonesian garment workers


THE EFFECT OF INSTITUTIONAL OWNERSHIP CONCENTRATION, GOOD CORPORATE GOVERNANCE PRACTICES, PROCENTAGE OF PUBLIC SHARES AND

COMPENSATION OF BONUS ON EARNINGS MANAGEMENT

Novia Herawanti, Nur DianaUniversitas Islam Malang

AbstractThe study aimed to analyze influence of institutional ownership concentration, good corporate governance practices, percentage of public share, and bonus compensation toward earnings management. The sampel is selected by using purposive sampling and the test using multiple linear regression models. The result show that concentration of institutional ownership, board of commissioner composition and audit commitee significant negative impact on earnings management. Percantege of public shares and bonus compensation was not influence toward earnings management.

Keywords: Concentration of institutional ownership, good corporate governance practices, board of commissioner composition, audit committee, percentage of public shares, bonus compensation, earnings management.


RENEGOTIATION OF THE CMATS AGREEMENT (CERTAIN MARITIME ARRANGEMENTS IN THE TIMOR SEA) RELATED TO TIMOR SEA BORDERS

BETWEEN TIMOR LESTE AND AUSTRALIA

Maria M NiisAirlangga University

AbstractThe analysis in this paper discusses the Timor Sea border conflict which leads to the renegotiation of the CMATS agreement (Agreement on Certain Maritime Arrangements in the Timor Sea) after Australia as a country that claims border areas in the Timor Sea, requested this assistance to the negotiating table after a one-round polemic. So why did Australia finally agree to the CMATS Agreement regarding oil and gas in the Timor Gap, after most of it was polemic between two countries?The explanatory approach is used to explain the level of state analysis carried out what is done by the state and how the state decides to take policies based on national interests.The results of the study indicate that there are differences between domestic and international politic towards Australia, one of that is the East Timor Action Network (ETAN) which finally can bring Australia to the negotiating table.

Keywords: Maritime Boundary, CMATS Agreement, Negotiations.


IMPLEMENTATION OF PERFORMANCE APPRAISAL AND REWARD SYSTEM TO ENHANCE THE EMPLOYEE JOB SATISFACTION OF UMKM X

Nur Azizah FairuzUniversitas Indonesia

AbstractNowadays, the one type of MSMEs (Micro, Small, and Medium Enterprises) that currently developing is a laundry service industry. The increasing growth of tourism and hotels, hospitals, residential and apartments in Indonesia have a significant contribution to the laundry and cleaning services. The owner of UMKM X seizes this opportunity by establishing UMKM X, a modern retail laundry that provides clean and neat clothes. UMKM X is now employing six permanent employees. This study discusses the report of the business coaching process for solving problems in human resources management in MSMEs on Implementation of Performance Appraisal and Reward System to Enhance the Employee Job Satisfaction of UMKM X. The preliminary analysis of UMKM X has shown that there was a lack of job satisfaction from the employee. The lack of job satisfaction is caused by a lack of performance appraisal and reward system. Also, the lack of employee job satisfaction resulted in a low commitment to the organization and high turnover. The turnover in UMKM X is 40%. The primary data is collected through indepth interview and observation. The secondary data is obtained from the company profile, internet, textbook, and articles in the journal. The collected data will be analyzed using qualitative methods. This study findings that the implementation of performance appraisal and reward system could enhance the job satisfaction.

Keywords: business coaching, job satisfaction, laundry service, MSMEs, performance management, rewards


THE EFFECT OF ETHICAL LEADERSHIP ON WORK ENGAGEMENT(CASE STUDY AT PT X)

Awanis Linati HaziroUniversitas Indonesia

AbstractThe collapse of companies such as Lehman Brothers and Enron because of a lack of ethical behavior in organizational practices caused damage to employee morale, which led to the need for ethical leadership in a company. PT X as one of the pharmacy companies has to be alert about the threat of scandals that have occurred in several companies in the United States. Ethical leadership is needed to prevent unintended scandals by the company like some cases happened in the Lehman Brothers. Ethical leadership that applied by PT X is to form the leaders and subordinates who do not have concern with individual interests and can make ethical decisions. Leadership is the most important factor to encourage employee engagement and retention. Good management is very important for the success of maintaining and making employees more engaged and poor management is often referred to as the reason why employees leave their jobs. This study was conducted to see the impact of ethical leadership on work engagement. The quantitative approach is used in this study by distributing questionnaires to collect data from respondents. The sample of this study were 100 PT X employees. The instruments used in this study are the Ethical Leadership Survey (ELS) to asses ethical leadership and the Utrecht Work Engagement Survey (UWES) to assess work engagement. The empirical findings indicate that ethical leadership positively influences work engagement.

Keywords: Ethical leadership. Work engagement, Organizational Identification


THE ROLE OF INFORMATION COMMUNICATION TECHNOLOGY(ICT) LITERCAY AND FINANCIAL LITERACY TO PREPARE FINANCIAL STATEMENTS IN SME

WibowoFEB Universitas Trisakti, Jakarta

IchwalsyahDitjen Bea Cukai Kementrian Keuangan RI, Jakarta

AbstractSmall medium enterprise(SME) is one of the most-doing business in Indonesia. This great

number din’t practice proper accounting activity, for instance is preparing the financial statement. The findings of this study is to empirically demonstrate the role mof ICT litera cy on SMEs desire to generate financial statement.

Sample used in this study is SMEs based in Jakarta Timur and Jakarta Selatan, which serve different activity. Data collected is a primary data, through questionnaire distribute to each selected sample. The approach use in this experiment is quantitative methode. The hypothesis is testing using multiple regression analysis.

There is a significant influence between Financial Literacy and ICT Literacy toward Preparing Financial Statement. A positive correlation was found between financial literacy and willingness of small business owner in preparing financial statement and that most of respondent are aware of their ICT skill

Key Words：Small Medium Enterprises, ICT Literacy, Financial Literacy, Financial Statement


PREDICTING PUBLIC OFFICERS’ COMMITMENT FROM PUBLIC SERVICE MOTIVATION DIMENSION: CASE OF PUBLIC SERVANT ON NATIONAL AGENCY

FOR STATE ADMINISTRATION

Hafid Aditya Pradesa, Ramdani Priatna, Joni Dawud, Ricky Adi PutrantoNational Agency for State Administration

AbstractThis study examines relationships between measures of PSM and organizational commitment using original survey data. This article details an approach for empirically public service motivation dimension and their impact on in every dimension (affective, normative, and continuance) of organizational commitment that perceived by public servants. About 55 public servants come from School of Administration, National Agency for State Administration, Bandung (STIA LAN Bandung) who has participated in this study. Surprisingly, among twelve path relationships that proposed in conceptual model between public service motivation and organizational commitment, we find that (1) compassion and self-sacrifice considered as important antecedents of affective commitment, (2) only self-sacrifice would affect normative commitment, and (3) commitment to public interest founded to be important antecedent of continuance commitment. Attraction to public policy making considered as a form of public service motivation that could not affect all form of commitment. This study provides insights on the relationship between PSM measures and organizational commitment dimension among public servant. These results are important because they offer evidence that the field is coalescing around tactics and patterns that managers and leaders could use to address enduring concerns about public servants’ motivation in the public sector. Public service managers and officers may use this empirical model to optimize their public service motivation on a day-to-day basis.

Keywords: Public Service Motivation Dimension, Public Servants, Organizational Commitment.


THE ECONOMIC IMPACT OF WATER POLLUTION

Samuel PD Anantadjaya, Malinda Shella Rahmadani, Satiri, Irma M Nawangwulan, Timotius A Rachmat

International University Liaison Indonesia

AbstractWater pollution and its treatment have become the current and considerably urgent matter. The encircled analyses environmentally, clinically, and economically become important for business organizations. The connection between water pollution and its treatment with the affecting stakeholders in its surroundings should be further analyzed, not only because stakeholders hold the responsibility to ensure the cleanliness and sanitation of their responsible watershed, but also due to the fact that water pollution can cause a substantial amount of money that will be poured into water treatment system. This means that citizens of the concerned areas will be affected whether they like it or not. Many countries are attempting to establish environmental policies but simultaneously ensuring that the policies themselves do not hinder economic growth. Governments are attempting to encourage stakeholders to engage in environmental activities and vice versa to ensure that the water supplies are distributed and safe to drink for future generations.

Keywords: water pollution, stakeholders, social, economic, and environmental


DETERMINANTS OF PERSISTENCE OF TAX AVOIDANCE

Achmad HizaziUniversitas Jambi

Sylvia Veronica Siregar, Dwi Martani, Vera DiyantiUniversitas Indonesia

AbstractThis article try to explore determinants of long term persistence of tax avoidance in country level environment in Southeast Asia. We evaluate some factors in firm level and country level that affect variability of persistence of tax avoidance. Using persistence of tax avoidance data of 557 firms extracted from time-series regressions, we find that at Firm level, only total asset has positive effects to persistence of tax avoidance. At country level factors, clarity of tax rule and level of economy have negative effect to persistence of tax avoidance while level of democracy has positive effect to persistence of tax avoidance.

Keywords: Persistence of tax avoidance, Total asset, Clarity, of tax rules, level of economy and level of democracy.


THE EFFECT OF LEARNING ORIENTATION, NETWORK CAPABILITY, ON COFFEE SHOP'S PERFORMANCE THROUGH ENTREPRENEURSHIP ORIENTATION AND

MARKET ORIENTATION

Astria Sari Marsyeili, Anton Wachidin Widjaja University of Indonesia

AbstractThe increasing of coffee consumption in Indonesia encouraging coffee shop trends to emerge.

Coffee shops are becoming a lifestyle and favored by consumers, so it's become a profitable venture. However, the increasing coffee shops are directly proportional to competition thus requiring an effective strategy. One of the strategies that can be done is by adapting business orientation such as learning orientation, entrepreneurial orientation, market orientation and networking capabilities. Therefore, this study aims to find out The Effect of Learning Orientation, Network Capability, on Coffee shop's performance through Entrepreneurship Orientation and Market Orientation. This type of research is explanatory research. The number of samples to be used in this study are 100-150 respondents, namely the owner or manager of the Coffee Shop. The type of data used in this study is primary data that obtained from the results of questionnaires.

Keywords: learning orientation; network capability; entrepreneurial orientation, market orientation, Coffee shop’s performance


LEADING THE DIGITAL TRANSFORMATION PROCESS IN THE DIGITAL ECONOMIC ERA

Muhammad Rifai SiregarUniversitas Indonesia

AbstractToday the organization is facing the challenges of the digital economy, as well as the digital transformation process. Digital technology reshapes business strategies and also transforms the structure of relationships between organizations and social relations for consumers and companies. So, the purpose of this study is to propose a model with digital leadership capabilities as a driver of transformation processes related to resources and digital capability that have implications for management of innovation and organizational performance. Research is expected to contribute, and present a model that will be empirically tested in the near future. The practical value of this research lies in demonstrating leadership strategies in facing the special era of digitalization from a management strategy perspective.

Keywords: Digital Leadership, inovation managamnet, resources orchestration


PERAN KOMITE AUDIT PADA EARNINGS INFORMATIVENESS(STUDI PADA PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BEI TAHUN

2011-2015)

Sri Hartoko, Bambang Sutopo, Djoko Suhardjanto, Doddy SetiawanUniversitas Sebelas Maret

AbstrakSecara garis besar penelitian ini bertujuan untuk memberikan bukti empiris tentang peran komite audit pada keinformatifan laba (earnings informativeness). Keinformatifan laba adalah pengaruh informasi laba terhadap perubahan harga saham (return saham). Komite audit diperlakukan sebagai variabel moderasi untuk mengetahui perannya apakah dapat memperkuat pengaruh informasi laba terhadap return saham. Karakteristik komite audit yang diperlakukan sebagai variabel moderasi adalah masa jabatan (tenure) anggota komite audit, anggota komite audit wanita (female) dan aktivitas rapat (meeting) komite audit.Untuk mencapai tujuan penelitian tersebut digunakan moderating regression analysis (MRA). Purposive Sampling Method digunakan untuk memilih dari sejumlah target populasi 2.233 firms year sehingga diperoleh 317 laporan keuangan yang dapat diobservasi.Dari hasil pengujian hipotesis ditemukan bahwa: Masa Jabatan Komite Audit tidak memperkuat pengaruh informasi laba pada return saham, Proporsi Anggota Komite Audit Wanita dan Aktifitas Komite Audit memperkuat pengaruh informasi laba pada return saham.

Kata Kunci: tenure, komite audit wanita, aktivitas komite audit, CAR, return saham.


MENUMBUHKAN WIRAUSAHA BERPLATFORM DIGITAL (STARTUP) MELALUI INKUBATOR BISNIS PERGURUAN TINGGI

Ita AthiaUniversitas Islam Malang

AbstrakIndikator kemajuan perekonomian suatu negara ditandai dengan pembangunan ekonomi

melalui kewirausahaan. Beberapa tahun terakhir, ratio wirausaha di kalangan milenial Indonesia semakin tumbuh dan berkembang. Perubahan pasar yang terjadi karena perkembangan teknologi menyebabkan tuntutan digital terhadap pengembangan wirausaha, keadaan ini memerlukan pengembangan wirausaha dengan platform digital.

Kondisi kewirausahaan di Perguruan Tinggi (khususnya di Unisma) belum mampu mengarah pada penciptaan wirausaha yang berplatform digital. Kelemahan ini bisa diatasi dengan adanya peran dari lembaga inkubator bisnis Perguruan Tinggi. Untuk menjadi startup (usaha rintisan berbasis digital), wirausaha harus mendapatakan pengetahuan tentang bisnis juga pengetahuan tentang teknologi dan segala sesuatu yang bersifat teknis lainnya.

Inkubator bisnis Perguruan Tinggi dibutuhkan untuk percepatan pertumbuhan wirausaha pemula dengan platform digital (startup). Lembaga inkubator bisnis Perguruan Tinggi wajib menjadi mitra strategis wirausaha pemula sampai menjadi startup, mulai dari mempertemukan ide kreatif lintas ilmu dan keahlian, memberikan pengarahan, pendampingan, pelatihan, pendanaan, sampai dengan mengembangkan jaringan antara pihak-pihak yang berkepentingan, seperti pihak universitas, pemerintah dan industri.

Keywords: startup, inkubator bisnis, Perguruan Tinggi


PENGARUH KEPEMIMPINAN, KOMPENSASI, DAN KOMITMEN TUGAS TERHADAP KINERJA KARYAWAN DI KANTOR WALIKOTA JAKARTA SELATAN

Fini AmraniUniversitas Negeri Jakarta

AbstractThat every employee in the organization is expected to make a positive contribution through good performance and considering the performance of the organization depends on the performance of the oeverall employee in the level o f achievement in government programs I realizing the goas and objectives in accordance with the organization’s vision and mission which can be implemented with the strategic planning concept of an organization. The provincial government of DKI Jakarta as the leading sector is the Mayor of South Jakarta. In developing Human Resouces in the DKI Jakarta Government in carrying out his duties or work in accordance with the standards and time based on the performance achived by an employee in accordance with criteria in service to the community in the DKI Jakarta Provincial Governement


ANALISIS APPRAISAL DAN IDEOLOGI PRESIDEN JOKOWI DALAM PIDATODI FORUM INTERNASIONAL

Yedi Mulya PermanaUniversitas Muhammadiyah Yogyakarta

Abstract

This thesis aims to find out how the Appraisal Framework was built in Jokowi's speech at an international forum. In addition, dismantling Jokowi's speech ideology is also a priority to know. This study uses Fairclough's Critical Discourse Analysis framework, with descriptive-interpretative methods. The database used is a transcript of President Jokowi's speech at the 2014 East Asia Summit, the Marine Environment Protection Committee 2016 and Our Ocean Conference 2018. The author uses the Appraisal tools as a data analysis knife. As for the interpretation of ideology, the author uses the theory of Martin (1992). The results of this study indicate that Jokowi in his speech used all Appraisal tools, namely the Attitude, Engagement and Graduation sub systems. Continuity, consistency and commitment to the ideas of the World Maritime Fulcrum Jokowi appear in the third clause of the speech. In his speech, there were three (3) groups of statements that showed the continuity of Jokowi's thought. First, continuity of declaration as a world maritime fulcrum. Second, the continuity of maritime collaboration. Third, continuity reduces maritime conflict. Whereas in the context of ideology, the author concludes that the Right-Antagonist is the ideology that President Jokowi built.

Key Words: Speech, Appraisal Framework, Ideology

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