Indonesian Journal of Economics and Management

The Effect of Good Corporate Governance on The Firm Performance of Conventional And Sharia Companies (2018-2021)

Suji Abdullah Saleh — 2024-03-30

Good Corporate Governance is a system that regulates the relationship between the role of the board of commissioners, the role of the board of directors, shareholders, and other stakeholders. Every company is expected to implement Good Corporate Governance, but some companies experience problems related to company performance and even experience losses, especially during the COVID-19 pandemic. This study aims to analyze the effect of good corporate governance including variables of the board of directors, institutional ownership, audit committee, and audit quality on company performance as measured by Return on Equity (ROE) and compare the results between conventional companies (LQ45 index) and sharia (JII index). This type of research is quantitative research with a research population, namely conventional and sharia companies listed on the Indonesia Stock Exchange for the period 2018 to 2021 with sampling using purposive sampling techniques. The data used is documentary data in the form of financial statements and annual reports. The analysis method used is panel data regression analysis and hypothesis testing, statistical test F (together) and statistical test t (partial) using Eviews 10 software. The results showed that the board of directors had a significant effect on the performance of Islamic companies but not conventional companies. In contrast, managerial ownership and audit committees have a significant influence on the performance of conventional companies but no effect on Islamic companies. Meanwhile, audit quality does not have a significant influence on both conventional and sharia companies.

Regional Financial Transformation: Analysis of the Influence of Public Funds on Regional Expenditures

Dyah Paraswati — 2024-03-30

Regional Expenditure is used by the provincial, district/city governments primarily to provide public services and to finance the implementation of government affairs authority based on statutory regulations. Regional Expenditure must include the priority of spending to be carried out by the regional government so that it directly impacts the welfare of its people. This study aims to analyze whether or not a flypaper effect has occurred in the influence of DAU, DAK, DBH, and PAD on regional Expenditure in Central Java Province in 2018-2020. This research is included in the type of quantitative research. The data collection method uses secondary data documentation techniques, namely district/city budget realization reports (LRA) in Central Java Province for the 2018-2020 fiscal year obtained from the Central Java Province BPKAD. The population and sample in this study were all district/city governments in Central Java Province, totaling 35. The sampling method was the census method. The data analysis method used is multiple linear regression with the help of SPSS 25 software. The results showed that (1) DAU has a significant positive effect on regional expenditures, (2) DAK does not have a significant effect on regional expenditures, (3) DBH has a significant effect on regional expenditures, (4) PAD has a significant positive effect on regional expenditures, (5) DAU, DAK, DBH and PAD have a simultaneous effect on regional expenditures, (6) the phenomenon of the flypaper effect occurred in Central Java Province.

Punishment and Reward: Does It Affect Employee Performance?

Anggreany Hustia — 2024-03-30

Companies often ignore punishment and rewards for their employees because they consider this difficult to implement. This research aims to determine the effect of punishment and rewards on employee performance. Data was collected by questionnaires to employees of IBM company as a samples. The research analysis technique uses multiple regression, simultaneously test, partial tests and determination tests. The results of the research show that there is a positive influence of punishment and reward on employee performance. The F test is shows that there is a significant influence about the topic. This is supported by the determination test, which shows that punishment and reward make a good contribution to employee performance. The partial test are show punishment or reward have a significant effect on performance. It can be concluded the company must pay attention and provide appropriate policies on this matter so that the company's goals are achieved.

The Effect of Sustainability Performance on Corporate Financing Policy in Asean-5 Countries

Tri Vita Suzandry — 2024-03-30

This research empirically studied the effect of sustainability performance on financing policy, in five ASEAN countries. Sustainability performance disclosure activities are becoming increasingly crucial for businesses, including ASEAN countries. This study aimed to examine the impact of sustainability performance (ESG Scores) on debt-to-equity ratio (DER) as a proxy for corporate financing policy. This study used panel data analysis. This study obtained a sample of public companies listed on each exchange in ASEAN-5 (Indonesia, Philippines, Malaysia, Singapore, and Thailand) with a period of 2016 to 2021. The results showed that ESG had a negative substantial effect on the debt-to-equity ratios of ASEAN-5 enterprises, which means that companies with good ESG scores will rely more on equity than debt. The results of the study are expected to assist companies in continuing to improve sustainability performance and evaluating ESG performance to create the proper views and analyses to develop financing policy (capital structure) in ASEAN-5 enterprises.

The Fundamental Analysis of the CANSLIM Method in the Non-Cyclical Consumption Sector during the Covid-19 Period on the Indonesia Stock Exchange (IDX) on the Indonesian Sharia Stock Index (ISSI)

Dadan Ramdhan — 2024-03-30

This study uses secondary data by analyzing the stocks available in the Indonesian Sharia Stock Index (ISSI) in the capital market using the CANSLIM method. The CANSLIM method is a method of fundamental and momentum analysis used over a long period. This method fundamental analyzes with three criteria which include (1) Quarterly EPS, (2) Annual EPS, (3) New product, management, and high. Of the 21 issuers in the Indonesian Sharia Stocks Index (ISSI), there are only 14 issuers that meet the criteria for research problems. Companies with stock codes ADES, ROTI, and SKLT have almost perfect fundamental anaylsis of the CANSLIM method criteria, namely 3/3. The CANSLIM method affects stock returns because it uses fundamental analysis and momentum analysis, such as the current condition of Covid-19, and this method can be used over a long period. So this research is helpful for investors who can scan stocks with the potential for the long term, CANSLIM method can be used as an alternative method in choosing stocks to invest in, and also to help the decision to buy and sell shares.

Employee Performance: Interaction Between Total Quality Management and Self Esteem Study in Soe Manufacturing Company

Veronica Christina — 2024-03-30

Good employee performance is very important for the company because it shows that the company's goals are achieved. This research was conducted to find solutions to the problems faced by one of the state-owned manufacturing companies. The condition factor, namely total quality management, which interacts with individual characteristics, namely self-esteem, is the solution variable in this study. Company employees are a population element, the sample is determined using probability sampling technique with a total sample of 87 employees. Moderated regression analysis is used to process data obtained with SPSS software. The results of the study found that self-esteem can be a quasi moderator of the effect of TQM on employee performance. The research findings are expected to be useful for improving employee performance and can be used by other parties who are interested in researching the fields of management accounting and behavioral accounting.

Analysis of Implementation of Carbon Tax Policy in Efforts to Address Climate Change Issues with Studies in Australia, Japan, Colombia, and Indonesia

Hannisa Oktora Putri — 2024-03-30

The Indonesian government's commitment to reducing carbon emissions in order to handle climate change, one of which is the carbon pricing policy implemented through the carbon tax instrument. However, in practice, the implementation of the carbon tax has been delayed until 2025. This research is done to know about how carbon tax rate, and the implementation of carbon tax policies in Australia, Japan, and Colombia is then compared to the planned implementation in Indonesia based on Law Number 7 of 2021. The research method used is comparative qualitative, with data collection methods in the form of documentation and literature study. There are several things that deserve review in the implementation of this carbon tax policy, including those related to governance, regulatory arrangements, and economic and social preparedness.

The Urgency of Policy, Regulator and Risk Management in Maintaining a Sustainable Business: Case Study of Silicon Valley Bank (SVB)

Anisa Solikhawati — 2024-03-30

This study aims to analyze the urgency of policies, regulators, and risk management in maintaining business at one of the 16th largest banks in the USA, namely Silicon Valley Bank . The method used is descriptive quantitative method. The data used is secondary data in the form of financial reports from 2020 to 2022 and is enriched by qualitative data sourced from articles from 2019 to 2023. The results show that SVB's financial management has experienced an impairment in the ROA, NIM and CAR ratios. SVB has an urge or tendency to take very high risks in an effort to achieve large profits which result in the use of high leverage and unstable sources of funding. The urgency of policies, regulators and risk management is considered very high in the case of SVB because their overall role is in maintaining a sustainable business.

Digital Literacy Mediation In Balikpapan Micro And Small Industries' Business Performance

Prasis Damai N.H. — 2024-03-30

Productivity gaps between large companies and micro and small industries are due to gaps in technology adoption, access to funding and managerial practices. Moving the capital to East Kalimantan is a momentum for micro and small industry players to encourage economic productivity growth in the buffer zone of the Capital City of the Nusantara (IKN). Community-based cluster development can minimize weaknesses, especially in the use of technology and information systems. This study investigates the effect of digital experience on business performance with digital literacy as a mediating variable. This research takes a sample of micro and small industries in Balikpapan City as one of the buffer cities of IKN. The subjects are food processing industry players in the Somber Small Industry Center area. Quantitative research uses structural-partial least square (SEM-PLS) modeling with WarpPLS 8.0 analysis tool. Hypothesis testing results show that digital experience and digital literacy partially have a direct and significant effect on business performance. Digital literacy significantly mediates the relationship between digital experience and business performance of micro and small businesses in Balikapapan City.

Workplace Conflict Factors and Employee Counterproductive Work Behaviour in Selected Private Universities in South-West Nigeria as Moderated by Organisational Justice

Victoria Worimegbe — 2024-03-30

Due to the increasing complexity in the job itself and the workplace in which it is performed, counterproductive work behaviour has attracted growing attention in recent years. While the existing literature has established that workplace conflict factors could be significant drivers of employees' counterproductive work behaviour, there has been a dearth of literature on this issue in academia. Therefore, this study examines the interactions between workplace conflict factors and employee counterproductive work behaviour using universities in South-West Nigeria as Moderated by organisational justice as the theatre of the study. The study relied primarily on questionnaires as its major data collection method, reflecting its adoption of a survey research strategy. The results revealed that workplace conflict factors do not affect employee outcomes in selected private universities in South-West Nigeria as moderated by organisational justice. This research suggests that universities that want to foster employee loyalty must develop and execute effective incentive systems.