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Questioning the Rationality of Individual Stock Market Investors in the 4.0 Era

Tyas Danarti, Ghozali Maskie, David Kaluge, Kresna Sakti
Online stock trading technology, on the one hand, is growing by present additional features, which provide investors more accurate investment decisions process, all for the purpose of its growth. Aside from that, neoclassical financial theory concept doesn’t provide satisfying clarification for the facts...

Enhancing Innovative Performance in Manufacturing Company

Kosasih Kosasih, Wibowo, Saparuddin
Innovation activities carried out by an organization have a very significant impact on the organization and its members. Several studies have concluded that innovation is proven to improve the performance of companies and employees. However, several studies have found that innovation activities within...

The Development of Marketing Distribution Channels for Cocoa Farmer Groups in Pohuwato Regency of Gorontalo Province

Ramlan Amir Isa, Andarwati, Margono Setiawan, Sunaryo
The research aims to identify and develop models that could be used to enhance cocoa production through the application of agricultural and plantation technologies, and to develop Cocoa’s marketing distribution channels in Pohuwato regency. The objective of this research is to analyze the model of marketing...

Cross-Generational Transformations in Indonesia’s MNC

Mirza Dwinanda Ilmawan, Iffa Mas’ulani, Roostikasari Nugraheni, Wahyu Agung Handono
The arrival of a new generation in the working world today, make various communication methods and new kind of knowledge carried by each generation. Generational differences between generations bring their own conflicts. This study uses qualitative methods by interviewing employees of MNC, PT Semen Indonesia...

From Physical to Digital: Consumer Adoption Process to E-Wallet

S.M. Alfina
The primary objective of this research is to understand about the consumer adoption behavior of mobile wallet. Practically, this research will be useful for the mobile wallet provider who would like to understand the process which experienced by the user of mobile payment. It is also helpful for individuals...

Bureaucratic Reform in East Java Province Trade: Review of MSMEs

Desak Nyoman Siksiawati, Asfi Manzilati, Lailatul Maghfiroh
The Indonesia’s trade balance experienced two times deficit, in January (US $ 1.06 billion) and April 2019 (US $ 2.29 billion). Then, the government examined the needs and potential of Indonesia’s bilateral and multilateral trade agreements, and increased utilization of foreign trade representatives....

Cashless Transaction Policy: The Strategy of Fraud Prevention in Jakarta Province, Indonesia

Firman Rato Risky, Gugus Irianto, Imam Subekti
This research aims to reveal the fraud potency after the implementation of cashless transaction policy at the government of DKI Jakarta Province. The claim that cashless transaction can minimize fraud, propels the researcher to use fraud triangle as the analysis technique. The results show that cashless...

Analysis of A Farmer’s Ability on Entrepreneurship To Accumulate Business Capital: Evidence on Jabung, Malang

Moeljadi, Sherlinda Octa Yuniarsa, Adjeng Ratna Seminar
The research aims is to analyse an ability of entrepreneurship farmers or farmer groups to accumulate business capital. Analyse on the ability of entrepreneur in accumulating capital, analyse an existence of institutional village, then increase social entrepreneurship in the regions if it is related...

Effect of Natural Resources Share Fund on Economic Growth, Unemployment and Poverty in Producing Regions in Indonesia

Abdul Majid, Munawar Ismail, Putu Mahardika Adi Saputra
The main objective of this research is to get analytical results about effect of natural resource share fund (NSF) on economic growth, unemployment and poverty in the natural resource producing regions in Indonesia by the mediation of capital expenditure. This research uses partial least square method...

Increasing Employment through Local Government Expenditures: Simultaneous Model Analysis

Nurul Imamah, Agus Suman, Susilo, Moh. Khusaini
This study aims to find a solution to the problem of unemployment by developing a research model that involves variables of local government expenditure and employment that seeks to fill gaps in the needs of local government expenditure development and how local expenditure affects the rate of employment....

How to Teach Empathy to Business Students?

Ina A. Murwani, Valentina Tohang
Empathetic leadership has been considered as important trait nowadays. Leaders with empathy are considered being able to influence, inspire and help people achieve their dreams and goals. When many people think that empathy is something you’re born with, studies show that empathy is actually can be learned...

Teacher Competence and Student Academic Achievement

Robiyati Podungge, Mintarti Rahayu, Margono Setiawan, Achmad Sudiro
This study aims at investigating the relationship between teacher competence and student academic achievement mediated by both intrinsic and extrinsic motivations. The respondents of this study are 115 high-school students in Gorontalo city, to whom questionnaires were distributed to acquire data, which...

Comparative Analysis of Equity Fund, Fixed Income Mutual Fund, and Mixed Mutual Fund

Himmiyatul Amanah Jiwa Juwita, Risna Wijayanti, Toto Rahardjo
This study aims to find out and describe Stock Mutual Fund, Fix Income Mutual Fund, and Mixed Mutual Fund. This study use a quantitative descriptive approach to describe Mutual Fund’s performance. The study population was the all of the Mutual Fund with the sample of 78 Mutual Fund listed on Otoritas...

The Synergy Effect of “ABCGM” for Small and Medium-Sized Enterprises

Somariah Fitriani, Ahmad Diponegoro, Sintha Wahjusaputri
Entrepreneurship is believed to bring a positive impact on the prosperity of a community, job creation, and economic outlook of a nation through the numerous small and medium-sized enterprises (SMEs). Thus, the study was to examine the correlation of five actors (academic, business, community, government,...

How the Organizational Culture of PT Semen Indonesia Forms the Winning Culture towards World Class Company

Nur Elisa Faizaty
This study aims to determine the perceived and expected organizational culture at PT Semen Indonesia as a reference for Winning Culture to be World Class Companies in the industrial era 4.0. This study used the Organizational Culture Assessment Instrument (OCAI) to map organizational culture though six-dimensional...

Digital Divide and the Livelihood Strategy of Female Informal Sector Workers in Rural Areas

Ni Made Tisnawati, Khusnul Ashar, Devanto S. Pratomo, Susilo
This paper aims to analyze the livelihood strategies of female labors in the informal sector in rural areas amidst the digital disruption in the economy and the digital divide condition faced by women. We use a qualitative approach by using both primary and secondary data. The study generated primary...

The Dynamics of Performance Improvement among SMEs Clusters in East Java

Arif Hoetoro
This study aimed to examine the dynamics of SMEs in small industrial clusters in East Java. The clustered SMEs are expected to harmonize their business strategies and cooperation in the form of inter-firm linkages which are a means of manifesting the social capital of clusters. To test the model, we...

Analysis of Regency / City Fiscal Inequality in Java: Impact of the Central Balance Fund

Muchammad Mufti Ridwan, M. Pudjihardjo, Mohamad Khusaini
This study aims to determine the level of fiscal inequality in regencies / cities in Java which is seen from the total realization of local government expenditure, education function expenditure, health function expenditure, and economic function expenditure. The method used is the analysis of sigma...

Management Decision in Joining Hotel Network on Digital Marketing-Based For Financial and Non-Financial Impacts

Afni Sirait, Sri Luna Murdianingrum
The purpose of this study outlines the main reasons and factors driving management to join a hotel network on Digital Marketing-based. Besides, this research also wants to formulate the differences that occur before and after joining the hotel networking. This study uses a research design qualitative...

Mitigating Budgetary Slack with Moral Imagination and Clawback Provisions: An Experimental Study

Ida Ayu Purnama, Indra Kusumawardhani
This study examines the incentive schemes containing penalties (clawback) to mitigate budgetary slack. This research also examines internal factors, moral imagination, to reduce budgetary slack. This controlled experiment 2x2 between-subjects. Besides that, as a control, this study also uses bonus incentives...

In Depth Poverty Analysis in East Java From a Multidimensional Perspective

Abdus Salam, Devanto Shasta Pratomo, Putu Mahardika Adi Saputra
The purpose of this study was to determine the effect of socioeconomic characteristics household on household poverty status with a multidimensional approach in each of the Regional Bakorwil East Java. Not everyone can convert their income for a better life, so measuring poverty only using income is...

Integrated Farming System Based on Fisheries to Increase Fishermen Community Income at Banjar Kemuning Village

Anggraeni, Maryunani, Dwi Budi, Wildan Syafitri
Banjar Kemuning Village is one of the coastal villages in Sedati District, Sidoarjo Regency. The majority of fishermen do their daily activities by utilizing sea products. In addition to the Banjar Kemuning Village fishermen, there are also fishermen from other areas who use the waters of the village...

The Effectiveness of Distributors and Small Medium Enterprises Relation on Sustaining the Economic Activities in Outer Island

Willy Setyadi, Andriati Fitriningrum
The study aims to evaluate the effectiveness of distributors in assisting Small Medium Enterprises (SMEs) in rural or outer island area to ensure business sustainability. The study is motivated by the crucial economic roles of SMEs in outer island, despite their proneness to numerous adversities in attaining...

Followership, Ambidextrous Leadership and Change Readiness in Manufacturing Company

Kosasih Kosasih, Wibowo, Saparuddin, Zulfa Fitri
According to several previous studies, some of the problem that arise in change activities in an organization are usually a weak of leadership, organizational structure that does not support and employee resistance. This study aims to analyze the influence of ambidextrous leadership and followership...

Re-thinking Tax Leakage: Is it the Impact of Public Policy Failure?

Silvi Asna Prestianawati, Sri Mulyaningsih, Asfi Manzilati, Khusnul Ashar
The aim of this paper is to analyze the tax leakage of sand mining in Lumajang Regency-the area which has abundant high quality sand. Quantitative descriptive approach is used. The finding of this paper is the amount of sand tax leakage in Lumajang regency as much as IDR 48,300,092,850. The system of...

The Relationship Between Exchange Rate and Trade Balances: An Empirical Study on Indonesia

Setyo Tri Wahyudi, Sielvia Sari
The aim of the study is to analyze the relationship between exchange rate and trade balance in Indonesia from 1986 to 2018 (33 years) using the Vector Autoregression (VAR) Model. Also, the study examining the possibility of the J-Curve effect in Indonesia’s trade balance. The main findings of this study...

Identification and Strategy for Improving Financial Literation and Inclusion of Rural and Urban Communities in Banyuwangi Regency, Indonesia

Adhitya Wardhono, M. Abd. Nasir, Yulia Indrawati, Ciplis Gema Qori’ah
The financial sector with a variety of derivative products has become an important thing in supporting the smooth economic and social activities of the communities. The research purposes are to identify the level of financial inclusion and literacy develops a strategy for developing financial literacy...

Analysis Of Leading Industrial Sector In Accelerating Inclusive Economic Growth In Lampung Province

Rizki Winanda, Dwi Budi Santoso, Marlina Ekawaty
This study aimed at analyzing the leading industrial sector and the role of the leading industrial sector towards the acceleration of inclusive economic growth. This research utilized input-output analysis. It utilized backward linkage and forward linkage to determine the leading industrial sectors,...

Asset Specifications, Financing Decisions and the Impact on Financial Performance: A Perspective of Economic Transaction Cost Theory

Nur Khusniyah Indrawati
The asset specification level determines the financing decision. Transaction theory suggests that assets with high specifications level are financed with debt, while assets with low specifications level should be financed with equity. This study aim is to analyze the effect of asset specification on...

The Effect of Audit Firms Size, Leverage, Going Concern Opinion, Audit Tenure, on Audit Quality in Indonesia

Ni Nyoman Alit Triani, Merlyana Dwinda Yanthi
The research objective is to illustrate the credibility of financial statements issued by companies. The more credible the financial statements are able to provide a guarantee for the information used in decision making. Audit quality describes an auditor’s social role in reducing the risk of an accountant...

Sustainable Growth and Development

PJP. Ginting
The concept of sustainable growth and development has long been a concern of experts. But the term sustainability itself only emerged since a few decades ago, although attention to sustainability has begun since Malthus in 1798. The objective of development is essentially to improve the welfare and prosperity...

The Effect of Online Transportation on Multiple Shopping Habits that Give Loyalty

Sonny Indrajaya
To find out the impact of online transportation on millennial spending habits in West Jakarta. On line transportation research is among young people from the age of 18-28 years, residing in West Jakarta, Indonesia. The number of questionnaires was 380 respondents. The quantitative analysis method uses...

Community Satisfaction Analysis of the Implementation of CSR Programs in Rembang

Hardiana Widyastuti, Farida Ratna Dewi
Nowadays, the sustainability of a company does not only depend on financial issues. The company focus on 3P aspects (Profit, People, Planet), especially companies that work on natural resource processing. To break the paradigm, it is necessary to have good cooperation between the company, the community,...

The Effect of Financial Ratio (Altman Z-Score) on Financial Distress Prediction in Manufacturing Sector in Indonesia 2016-2018

Agus Arianto Toly, Ratna Permatasari, Elva Wiranata
This study tries to elaborate the possibility of financial distress in Indonesia public listed companies from manufacturing field. The manufacturing industry was chosen because of its position as a sector that held a significant contribution in the Indonesia industry as a whole. The test tool used to...

The Impact of E-Money Diffusion on the Monetary Policy Effectiveness: Evidence from Indonesia

Yulia Indrawati, Adhitya Wardhono, Ciplis Gema Qori’ah, M. Abd. Nasir
The aims of research is to analyse the impact of e-money diffusion on the effectivity of monetary policy in Indonesia. The analytical method used is Bayesian estimation with the observation period of time series 2009.1 - 2017.12. Some of the variables used in the study are Gross Domestic Product (GDP),...

Scale Effect on The Size of Local Government in Indonesia

Dewi Rahayu, Muhammad Handry Imansyah
Proliferation of local government increased substantially after the Law of Local Government No. 22 Year of 1999 and the Law Fiscal Balance No. 25 Year of 1999. The objective of proliferation is to provide public service closely to the community. Therefore, public welfare can be obtained faster. The number...

The Sufficient Sense: The Value on the Concept of Income Based on Neuro-Psychological-Spiritual Methodology

Driana Leniwati, Eko G. Sukoharsono, Yeney W. Prihatiningtias, Lilik Purwanti
The objective of the study is to formulate the concept of income based on the sufficient sense. The data collected are actually commercial bank employees’ experience before they resigned from the bank. Based on a spiritualist paradigm, the data are analysed in the framework of neuro-psycho-spiritual...

Restaurant Search Service Membership Program: Zomato Gold’s Case Study in Indonesia

Hilarius Bambang Winarko, Devira Riani Mitsunita
This study examines the 7Ps services marketing tool in determining the young adults’ purchase intention of Zomato Gold exclusive membership program in Indonesia. It aimed to analyze the consumer behavior of the first restaurant search services membership program in Indonesia as well as aimed to reduce...

Intersectoral Labor Mobility in Indonesia

Evie Dian Pratiwi, Khusnul Ashar, Wildan Syafitri
This paper investigates the effect of labour characteristics i.e. income, living in main islands, living in urban/rural areas and migration status on inter-sectoral labour mobility in Indonesia. We employ the sample of National Labour Force Survey (Sakernas) data which cover 8,869 workers who changed...

The regional health insurance coverage incentive: a shift from opportunity to rationalization

Indra Hadi Waluyo
This research aims to develop a conceptual framework about a shift in the meaning of subsidy as a form of incentive for universal health service in government of Bekasi City in Health Card Regional Health Insurance Program - Identity Number (Jamkesda KS-NIK) which is interpreted as a opportunity to form...

Regional Inflation Persistence Analysis: A Case Study in Surabaya

Lia Umi Farida, Munawar Ismail, David Kaluge
This study aims to determine the behavior of regional inflation in Surabaya by looking at its persistence, namely the speed of inflation returns to its equilibrium after a shock. Using monthly data on general inflation, commodity groups and commodity goods and services, then the persistency is calculated...

Asset Pricing Analysis of 18 Cryptocurrencies

Sasmita Claudia Pontoh, Eko Rizkianto
This paper identifies three factor pricing model for cryptocurrency, which are related to cryptocurrency’s market return, size (market capitalization), and network-value-to transaction ratio (NVT ratio). Using 18 cryptocurrencies over the period from 01 January 2016 to 25 September 2019, we find that...

SMEs: ‘Non’- Corporate Social Responsibility

Sri Yunan Budiarsi, Sri Hartini
The purpose of this study is to find out whether micro, small, and medium enterprises (SMEs) can be the subject to perform social responsibility and not only become an object of big companies to do their own CSR. Through a qualitative approach and using case studies as the method, The researcher found...

Effectiveness of the Monetary Transmission Mechanism in Achieving the Ultimate Goals of ASEAN-3

Sebastiana Viphindrartin, Mohmmad Saleh, Silvi Asna Prestianawati
This study was intended to find out which channels (exchange rates, interest rates, credit and money) have the most significant effect on price stability and economic growth during 1997 Q1-2017 Q4 using the Vector Error Correction Model (VECM). Based on the estimation, Interest Rate and Exchange Rate...

Does The Effectiveness of The Government Expenditure Accelerate Economic Growth?

Faisol, M. Pudjihardjo, Dwi Budi Santosa, Arif Hoetoro
The purpose of this study is criticizing the effectiveness of government expenditure to speed economic growth in Indonesia. Three Stage Least Square (3SLS) is used. This study applied data for 32 provinces in Indonesia for the period of 2012 to 2017 to ascertain the relevance of Solow Swan’s Neo Classic...

Planning Tourism Employment Opportunities

Maula Fadhilata Rahmatika, M. Pudjihardjo, Sasongko
Purpose of this research is to determine the factor that affects tourism development and evaluate the critical factors of strategic planning to create employment using tourism in Banyuwangi. Policymakers need to understand the relative importance of tourism development factors to create employment. A...

The Effect of International Migration towards Entrepreneurship in Indonesia

Wildan Syafitri, Silvi Asna Prestianawati, Naufal Fa’is
This study was aimed at determining the effect of the characteristics of Indonesian migrant workers (TKI) on entrepreneurial power after returning to Indonesia. To achieve the research objectives, the authors use a descriptive quantitative approach. The results obtained are that the variables of gender...

Field Validation Towards Quality Dimensions Of Single Index Methods Software To Support Investment Management Learning

Nurika Restuningdiah
Recently, the existence of the internet is a necessity in the wider community, even has penetrated the world of education. Various innovations in education are designed to help the learning process so that the learning process in the classroom is more effective. One of the materials in the Investment...

Improvement in Emergency Medical Services using Internet of Things (IoT). Hospital Emergency Department Case: a BPR Approach

M. Dachyar, Camryna H. Pertiwi
The operational process in an emergency situation becomes a very critical process in saving the lives of patients. A well-integrated emergency medical services (EMS) can be an important role in reducing the risk of death or disability. The implementation of Internet of Things (IoT) to the EMS can help...

Impact of Family Hope Program on Household Food Consumption: A Case Study in East Java Province

Irma Fatmawati, Multifiah, Nurul Badriyah
Family Hope Program (PKH) is a conditional cash transfer in Indonesia that aims to alleviate poverty by improving the welfare of its receivers. Previous studies show that CCT has an impact on welfare observed from household expenditure indicators. This study aims to identify the impact of PKH on household...