Integrated Model To Analyze FDI Role In Success of Commercialization of High-Tech Innovations in Asia
Sarli Rahman, Andi Oh, Yusrizal
This study aims to analyze the role of FDI in the success of commercialization high tech innovation in Asia countries. The success was marked by the increasing contribution from Asia countries to the export value of high tech products in the world. From 49 sovereign countries in Asia, 21 countries have been selected as research samples. The result SEM analysis shows that FDI inflows to Asia countries generally pure investment from multinational companies to gain profits from the low cost of production factor in Asia, therefore increase their profit margin. In other words, FDI in Asia countries only increase production quantity of high tech products without increasing innovation activity in the countries, which innovation activity can be measured by R&D expenditure, number of resident patent application and number of scientific journals international publication.
Economic Transformation: The New Spiritual Leadership Model In Blimbingsari Village Jembrana Bali
Wayan Junaedi, Dermawan Waruwu
A spiritual leader can appear in any situation. It can not be just a genetic theory that allows a person to be a spiritual leader but is supported by social theory and ecological theory. In addition to the above theory, there is one more the most fundamental theory of the emergence of a spiritual leader of Divine theory. The aim of this study is to identify the meaning of spiritual leadership in Blimbingsari Village, to identify the principle of spiritual leadership in Blimbingsari Village, and to analyze what does the spiritual Leader do to the economic transformation of Blimbingsari village. The methodology used is qualitative with data collection techniques are participant observation or participatory nature of direct involvement, interview, literature review, case study, and documentation. Village leaders Blimbingsari always increase leadership capacity through the intervention of the factors of spiritual values, work ethics, social capital, and entrepreneurial factors. These factors are growing in the middle of the village of Blimbingsari understood as a pattern of beliefs, values, and behaviors and leaders as agents of change do the role and relationship with the community intensive because it is influenced by historical trends, social attitudes, and socioeconomic factors.
Analysis On The Influence Of Current Ratio, Debt to Equity Ratio and Total Asset Turnover Toward Return On Assets On The Otomotive and Component Company That Has Been Registered In Indonesia Stock Exchange Within 2011-2017
Mimelientesa Irman, Astri Ayu Purwati
A good company can be seen from the level of return on assets invested, and it affects the interest of an investor to invest in. But the high or low level of profit can be influenced by the financial performance of one of the financial performance is the Current Ratio, Debt to Equity Ratio, and Total Asset Turnover. Therefore, a study was conducted to find out whether the Current Ratio, Debt to Equity Ratio, and Total Asset Turnover had an effect on Return On Assets in Automotive and Component companies listed on the Indonesia Stock Exchange for the period 2011-2017. The study population consisted of 12 companies selected by purposive sampling. Financial report data is obtained from the Indonesia Stock Exchange (IDX). The data analysis technique used is multiple linear regression analysis with SPSS 19.0 and SMART PLS 2019 application tools. The results obtained from this study are the Current Ratio which has a significant effect on Return On Assets, Debt to Equity Ratio has a not significant negative effect on Return On Assets, and Total Asset has a significant positive effect on Return On Assets.
Sell in May and Go Away or Just Another January Effect? Studied of Anomaly in Indonesia Stock Exchange
Restu Hayati, Mimelientesa Irman, Lintang Nur Agia
Sell in May and go away is a phenomenon of return anomaly that starts in May and lasts until October. These months are called the worst months of stocks. Conversely, the months of November to April are often referred to as the best months of the stock where a higher rate of return is achieved throughout the year. Although it has not been proven academically, this phenomenon has been mentioned by various media in Indonesia such as Kontan, CNN Indonesia, and Tempo Business which are predicted to correct the JCI throughout 2017. The purpose of this study is to prove the phenomenon of sell in May and go away on the Indonesia Stock Exchange, and find out whether the average best return of the month is affected by the high return in January. The results prove that even though the average returns increase in November-April was due to the high return in January, but there was no sell in May and go away on the Indonesia Stock Exchange. Under these conditions, the direction of the relationship between risk and return is the opposite that directs the Indonesia Stock Exchange to the efficient market hypothesis.
Analysis of Method Used to Predict Financial Distress Potential in Pulp and Paper Companies of Indonesia
Fadrul Fadrul, Ridawati Ridawati
This study aims to predict financial distress in pulp and paper companies in Indonesia. The data used are the financial statements of each pul and paper company listed on the Indonesia Stock Exchange in 2012-2017. Data analysis techniques used descriptive analysis with three methods of financial distress prediction, namely the Altman Z-Score, Springate, and Zmijewski methods. The results showed that the Zmijewski method is a prediction method with the highest accuracy rate of 100%, with an error type of 0%. The Altman Z-Score method has an accuracy rate of 28.6%, with an error type of 71.4%. While the Springate method has an accuracy rate of 14.3%, with an error type of 85.7%. Therefore an accurate prediction method to predict the potential for financial distress is the Zmijewski method.
Development and Validation of Work Readiness Assessment Tool for Home Economics Graduates
This paper focused on the development and validation of a Work Readiness Assessment Scale (WRAS) for Home Economics graduates in Senior High School. It is aimed that the output be used by both the academe and industry in evaluating the work readiness of graduates. Furthermore, it identified the attributes and characteristics of work readiness as basis for scale development through a series of focus group discussions. Four dimensions were identified using NVivo software. The developed WRAS consisting of 15-items per dimension was validated in a sample of 311 Senior High School students using the Rasch Modelling. The results showed unidimensionality; a well-functioning response option; the difficulty of items increases as response option increases; it indicates a productive measure; items are well-structured; and each item can highly discriminate well between test takers with high and low level of work readiness. A correlation study was conducted between the results of the WRAS and Work Immersion grades to validate its functionality.
Economic Growth with Tourism and Environmental Change
The main purpose of this study is to examine dynamic interactions between economic growth, environmental change, and tourism. Although tourism is playing an increasingly important role in different economies, there are only a few theoretical models to dynamic economic and environmental issues with endogenous tourism. On the basis of the Solow-Uzawa growth model, the neoclassical growth model with environmental change, and ideas from tourism economics, we develop a three-sector growth model. The industrial and service sectors are perfectly competitive. The environment sector is financially supported by the government. We introduce taxes not only on producers, but also on consumers’ incomes from wage, land, and interest of wealth, consumption of goods and services, and housing. We simulate the motion of the national economy and examine effects of changes in some parameters. The comparative dynamic analysis with regard to the rate of interest, the price elasticity of tourism, the global economic condition, the total productivity of the service sectors, and the propensity to save provides some important insights into the complexity of open economies with endogenous wealth and environment.
The Importance of Commissioners Board Diversity in CSR Disclosures
Anita Ade Rahma, Febri Aldi
Good companies are inseparable from good Corporate Social Responsibility (CSR). CSR is one indication of whether or not a company is good or bad. CSR has a real impact on the environment and society. The better the impact obtained from the company's CSR, the better the company's performance. CSR activities can be seen from the CSR disclosures. CSR disclosure is influenced by various internal and external factors. As for this study, we want to analyze the influence of the diversity of the board of commissioners on CSR disclosure. The independent variables used in this study are gender commissioners, nationality commissioners, and ethnic commissioners. Company data used are from LQ45 companies listed on the Indonesia Stock Exchange in 2015-2017. 20 companies were found to be the sample of this study using purposive sampling method. From the data processing that has been done, the results obtained are that Gender commissioners have no effect on CSR disclosure. Likewise, the Nationality commissioner proved not to affect the increase in CSR disclosure. but conversely with Ethnic commissioners who have a significant influence on CSR disclosure. This means that ethnic diversity on the board of commissioners is very important. In addition to expanding CSR disclosure can also improve company performance.
The Local Economic Innovation: Lesson from Rotan Ketak Industry in Central Lombok Regency, Indonesia
Asnita Frida Sebayang, Imam Indratno, Lesta Karolina Sebayang
The Rotan Ketak (local rattan) industry is an industry born as handicraft industry with strong local cultural capital. The strengths of this industrial value are; the involvement of women in the production process, environmentally friendly (zero waste), has a value-added network of raw materials, has a high local value from the design aspect, and has a strong network of markets both at domestic and abroad. This study uses a descriptive explanatory method by applying several approaches namely; canvas model business, industrial process analysis, and content analysis. Some important findings of this study describe the ability of the local industry to provide specific added value. Rotan Ketak Industry innovation system can be a source of local economic competitive advantage in facing the global market. The strong value proposition of the product could compete with another product. The industry is also capable to expose some strength of the human side that cannot be completely replaced by the function of sophisticated technology because it combines local values, humanity, art, and local economy. The capacity of this industry to build partnerships between artisans with the local trading system is also a major finding. In the medium-long term, this industry has a potential contribution to achieving local sustainable economic growth.
AN ANALYSIS OF CUSTOMER INTENTION IN USING INTERNET BANKING
Astri Ayu Purwati, Farenc Libara, Muhammad Luthfi Hamzah
The Internet has been widely used in various business fields. The function of the Internet in this modern era is not only for giving information but it also handles banking transactions anytime and anywhere without being limited by time and distance. This study aims to determine and analyze the influence of Perceived Value, Perceived Ease of Use and Perceived Risk to Customer intention to use Internet Banking. The respondents in this study were 100 respondents who visited BCA KCP A.Yani Pekanbaru. The data analysis technique used is multiple linear regression analysis using the t-test and F test for hypothesis testing. The results of this study indicate that not all variables are influential, in Perceived Ease of Use there is no influence, while the variables of Perceived Value and Perceived Risk have an influence on customer intention. The variables of Perceived Value and Perceived Risk have a significant effect, while Perceived Ease of Use variables that do not significantly influence customer intention for using Internet Banking.