Integrated Journal of Business and Economics (IJBE)
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The Nexus of Export, FDI, Financial Development and Economic Growth in North Sumatra, Indonesia
Full text linkThis study investigated the relationship between exports, foreign direct investment (FDI), financial development and economic growth in North Sumatra, Indonesia. Using autoregressive distributed lag (ARDL) bound test to cointegration, this study confirms the pattern of relationships between economic growth, exports, FDI and financial sector development as follows: (i) FDI does not contribute to the economy of North Sumatra because it does not affect economic growth, exports, and financial development and vice versa, (ii) the causality relationship between economic growth and exports is one way in the pattern of a growth-led export hypothesis (GLEH), and (iii) the causality relationship between financial development and economic growth follows the finance-led growth /supply-leading hypothesis. These findings suggest that the local governments should pay more attention to financial development's crucial role by facilitating the financial sector to expand the banking network and support rural credit banks
"Black Hole" Debt Restructuring and Banking Measures Strengthening Performance and Role of Intermediation: Islamic and Commercial Bank In Indonesian
Full text linkThis research aims to find credit restructuring "black hole," then draw some steps banks should do to strengthen its performance and its role as financial intermediary in COVID-19 condition. The descriptive-critical analysis is used in this paper. The analysis began by presenting data on credit restructuring, its forms used by national banks, and credit restructuring policy issued by OJK to anticipate negative impact of COVID-19 on banking activities. Analysis continued to application of the policy to find credit restructuring "black hole" on banks' performance and its intermediary financial role. Based on the analysis, some steps are recommended to followed by banks to strengthen its performance and intermediary financial role. This research found some credit restructuring "black hole." First, credit restructuring needs high capital and liquidity so that the banks which have low capital will be in trouble and will affect financial system nationally. Second, credit restructuring needs some sorting process, which will exclude unpotential debitur. Third, uncertainty of recovery process of debitur as impact of COVID-19. Forth, how long banks could use credit restructuring while maintaining its performance and intermediary financial role. Hence, credit restructuring would not be enough for banks to play its role in supporting debitur, maintain its business, strengthen its performance and intermediary financial role, and positively play role for economic growth and society. This research suggests five concrete steps banks could use to strengthen its performance and financial intermediary role.
Perspectives of Social Capital and Self-Determination on e-WOM at Millennial Generation in Yogyakarta
Full text linkTechnological developments triggered the emergence of social media which continues to develop rapidly. This development is in line with the increasing number of social media users. This results in more and more customers making purchasing decisions according to social media references. Thus, social networking based communication becomes a necessity for companies to remain competitive. The purpose of this study is to examine the impact of social capital and self-determination on e-WOM in the context of social networking. The social capital factor is tie strength, shared language and trust, while the self-determination factor is self-disclosure and innovation. Surveys were conducted on 204 millennial generation respondents who had used social media in shopping in Yogyakarta. The results of the SEM analysis show: the tie strength and shared language influences trust. Likewise, there is an effect of the tie strength on shared language. In addition, there is an influence between trust, tie strength and self-disclosure towards e-WOM. Whereas, shared language and innovation have no effect on e-WOM. Thus to be effective in communication strategies through e-WOM, marketers can prioritize increasing the strength of relationships between members of social networks
The Effect of Fraud Pentagon on Fraudulent Financial Reporting
Full text linkThe purpose of this research is to demonstrate and investigate the influence of the fraud pentagon on fraudulent financial reporting. A quantitative technique was applied in the investigation. This study makes use of secondary data and a purposive sampling technique. The sample for this study consisted of 31 Property and Real Estate Sub-Sector Service Companies that were listed on the IDX from 2017 to 2019. Regression analysis of panel data was employed as the statistical strategy in this investigation. The findings show that the pressure and opportunity variables have a positive and significant impact on fraudulent financial reporting. Meanwhile, rasionalization, competence, and arrogance all have a negative and minor impact on fraudulent financial reporting. This study, on the other hand, shows that pressure, opportunity, rationalization, competence, and arrogance all have an impact on dishonest financial reportingKeywords: Pressure,Opportunity,Rasionalization,Competence,Arroganc
THE IMPACT OF IPROVE CULTURE TOWARDS THE PERFORMANCE OF THE EMPLOYEES OF SNVT PJPA SUMATERA VIII BANGKA BELITUNG PROVINCE
Full text linkComing late, coming home too early, and absent from work are part of the employee's problems at Sumatra's SNVT PJPA VIII, Bangka Belitung Province. Work behavior, such as are undisciplined, irresponsible for the job description, shows that the work culture is not fully implemented in the work life of the employee. The work culture of IPROVE (Integrity, Professionalism, Mission Orientation, Visionary and Ethics) should be used as a guideline for the Ministry of Public Works and Public Housing employees in Sumatera's SNVT PJPA VIII of Bangka Belitung Province to performance effectively. This study aims to determine the impact of IPROVE culture both partially and simultaneously. This type of research is a quantitative research using quantitative descriptive methods. The results shows that all research hypotheses are accepted where the IPROVE culture has a positive and significant effect on performance both partially and simultaneously. The order of influence of independent variables on the dependent variable based on the size of Adjusted R Square are integrity of 43.6%, mission orientation of 43.5%, visionary of 37%, ethics of 26% and professionals of 25.7%. Simultaneously work culture of IPROVE affects 48 % of employee performance
THE ROLE OF COURTEOUS SALES PRESENTATIONS IN INCREASING SALESFORCE PERFORMANCE
Full text linkAbstractThe purpose of the study to verify the research model, Adding to the variable the ability to make courteous sales presentations so that the results of this study can solve the research gap. This research unit is the Rural Bank, and the respondents are the sales force of the Rural Bank (BPR) in Semarang City with 72 people. This research used a purposive sampling technique. Data processing using SmartPls version 2.0. This study succeeded in proving the role of courteous sales presentations in improving the performance of salesforce. Practical implications -This study provides input on the importance of courteous sales presentation
ISLAMIC SOCIAL REPORTING DETERMINATION IN THE MANUFACTURING INDUSTRY SECTOR LISTED IN INDONESIA SHARIA STOCK INDEX
Full text linkAims of this study is to know about Islamic Social Reporting determination at manufacturing industry sector listed on Indonesia Sharia Stock Index, with the exchange rate and inflation as moderating variables. Panel data regression is used as a method with Islamic Social Reporting as a dependent variable and Return on Equity, Current Ratio, Debt to Equity Ratio, Firm Size as an independent variables, while inflation and exchange rates used as a moderating variables. Sampling is from manufacturing industrial companies listed in Indonesia Sharia Stock Index used purposive sampling in 2013-2018. Sourced data from Financial Services Authority, Central Statistics Agency and Bank Indonesia. Result shown that Return on Equity with inflation moderation has a positive and significant effect on Islamic Social Reporting, Current Ratio has a positive and significant effect on Islamic Social Reporting, and Debt to Equity which is moderated by the exchange rate has a positive and significant effect on Islamic Social Reporting. However, the inflation moderated Firm Size is not significant to the Islamic Social Reporting. In order to get blessings, manufacturing industry needs awareness from companies to implement the Islamic Social Reporting, Financial Services Authority implements and develops ISR indicators for all sectors, investors fully apply sharia principles to get blessings, and people buy products that are halal and toyiban, also government maintain exchange rates stability and inflation.
Aglomeration Analysis Of The Processing Industry On Economic Growth In Bangka Barat District
Full text linkThe development of the manufacturing sector in the Province of the Bangka Belitung Islands is a long-term development. This is because the contribution of the manufacturing industry sector is very large to the formation of GRDP in the Province of the Bangka Belitung Islands. One of the regencies in the Bangka Belitung Islands Province that has the highest contribution from the manufacturing sector to GRDP is West Bangka Regency. The large contribution of the manufacturing sector in West Bangka Regency will encourage grouping due to the encouragement of various factors called economic agglomeration. This study analyzes the agglomeration of the processing industry in West Bangka Regency on economic growth. With the documentation technique, namely by obtaining secondary data and information from written reports and published data and to increase the sharpness of the analysis, interviews (in-dept interviews) were also conducted to informants who were considered to have extensive information on the research conducted. In addition, quantitative data analysis through simple regression is also used to see the relationship between the agglomeration variables of the manufacturing industry and its economic growth. The results showed that the level of industrial agglomeration in West Bangka Regency was still low. The new industrial agglomeration was formed in 2020 because the index value was 2.9614 or categorized as medium agglomeration. Then the results of the t-count show that there is no significant influence between Industrial Agglomeration on economic growth in West Bangka Regenc
Social Relations Behind Fraudulent Behavior: Enrichment of The Fraud Triangle Theory
Full text linkThis research aims to understand how village budget fraud is likely to occur because of patron-client social relations in the village government bureaucracy. This research uses qualitative methodology with an ethnographic exploration approach. They were collecting data through field observations and in-depth interviews with informants. The selection of informants uses a snowball technique approach. The field findings show that the social relations of village government heads with political sponsors have decreased the accountability performance of the village government. Political sponsors are not part of the village apparatus but intervene in many bureaucratic affairs of the village government. That successfully created a patronage influence on the ranks of village devices. Such circumstances make the internal control system malfunction so that financial procedures do not run as they should. In the end, the bond of social relations in the bureaucratic environment gives rise to the tendency of fraud to the village budget. This research enriches the theory of triangle fraud by including elements of social relations in the model
Application Of Beneish M-Score Model In Detecting Probable Earnings Manipulation In Malaysian Public Listed Companies
Full text linkEarnings manipulation involves alteration, adjustment, exploitation, and even timing of transactions in financial statements with the intention to report a sound economic performance in a company. This act could jeopardize the company’s financial performance in the long run and also make its stakeholders to suffer significant losses. Therefore, a tool to detect or predict earnings manipulation would be helpful to the stakeholders, practitioners, regulators, academicians, and professionals in the accounting field. Besides, an early detection tool is needed to alarm the enforcement agencies to make further investigations or legal actions. Therefore, the aim of this study is to analyse the Beneish M-Score models and its eight accounting variables to detect the likelihood to engage in earnings manipulation in the case of Malaysian PLCs (Public Listed Companies). The financial data of 80 of PLCs from 2015 to 2017 were gathered. This study applied Beneish Model as a detection tool for earnings manipulation and anomalies of red flags and to classify the companies into two groups, which are manipulators and non-likely manipulators. The Independent T-tests were analysed to identify dominating ratios. The results of this study found that M-Score and its three indexes were significantly different for manipulators and non-likely manipulators, which are Sales Growth Index (SGI), Total Accruals to Total Assets (TATA) and Days' Sales Receivable index (DSRI). The percentage of manipulators had slightly decreased in 2016 and gradually increased in 2017. Hence, the inflation or overestimation of sales and revenues, as well as accruals, could signals earnings manipulation