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How Cultural Goods Called K-Pop is Accepted in Asian Market – An International Joint Venture Approach Saraswati, Alifia; Abdillah, Yusri; Damayanti, Cacik Rut
Profit: Jurnal Adminsitrasi Bisnis Vol. 17 No. 1 (2023): Profit: Jurnal Adminsitrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.profit.2023.017.01.7

Abstract

Nowadays, the cultural goods called K-Pop has spread around the world. Exportation of cultural goods is happening because of globalization that blurred the barrier of any state. The entry mode of the cultural goods exportation is considered easier than other exported goods since mostly people see that the usage of social media will result in making the cultural goods as something’s to be consumed with no meaningful modification. However, to give an absolute position in the target market, the focal company should have any information and knowledge about the local market. This knowledge and information are only be fulfilled by the local market company. This leads to the creation of the joint venture between the focal company and the local company. This research is explaining how the creation of joint venture between them is needed for the cultural goods exportation by using qualitative approach with case study method of SM Entertainment. This research is indicating that the entry mode toward target market in joint venture forms could also helping the exportation of cultural goods.
The Indonesian Capital Market's Reaction to the Decision Regarding the Announcement of the Large-Scale Social Restrictions Fitria, Nida; Damayanti, Cacik Rut
Profit: Jurnal Adminsitrasi Bisnis Vol. 17 No. 2 (2023): Profit : Jurnal Adminsitrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.profit.2023.017.02.4

Abstract

The announcement of the first PSBB decision is a non-economic event that can affect stock price movements. Signaling theory is the basis of this research. The latest information signals that the regional quarantine announcement can affect the stock price index movement in the capital market. Abnormal returns and trading volume activity are indicators that measure the reaction rate of a stock in the capital market. This study aims to determine whether there is an average abnormal return and trading volume activity before and after the announcement of the PSBB decision. This research is an event study that studies the market reaction with a quantitative approach. The population and sample in this study are company stocks listed on the LQ45 index for February - July 2020 using the Purposive Sampling technique. The research period is five days before and after the event (a total of ten days). The hypothesis test used is the Wilcoxon Signed Rank Test. The result was differences in abnormal returns before and after the event. The Wilcoxon signed rank test results on the trading volume activity variable did not find any significant difference in trading volume before and after the announcement regarding the initial PSBB decision.
PENGARUH KINERJA KEUANGAN DAN CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS Bader, Muchamad Abu; Damayanti, Cacik Rut
Jurnal Riset Keuangan dan Akuntansi Vol. 10 No. 1 (2024): Jurnal Riset Keuangan dan Akuntansi (JRKA)
Publisher : Program Studi Akuntansi, Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/jrka.v10i1.9519

Abstract

The purpose of this research is to examine and analyze the effect of financial performance and corporate governance on financial distress. Projected financial performance as a proxy for Current Ratio (CR), Debt Ratio (DR), Return On Assets (ROA) and corporate governance projected as a proxy for Independent Commissioners while financial distress is measured using the modified Altman Z- Score method for state-owned companies listed on the Stock Exchange Indonesiansecurities for the period 2018-2021. The number of samples used was 10 samples from 22 populations of BUMN companies listed on the Indonesia Stock Exchange which were selected using a purposive sampling method. Data processing method used multiple linear regression analysis. The partial results of the study show that current ratio has a significant effect on financial distress, debt ratio has a significant effect on financial distress. While, return on assets has no significant effect on financial distress and independent commissioners have significant effect on financial distress. Simultaneous test results: current ratio, debt ratio, return onassets and Independent commissioners have a significant effect on financial distress in state-owned companies listed on the IDX for the 2018- 2021 periodKeywords: Financial Performance, Corporate Governance, Financial distress
The Effect of Earnings Quality on Financial Performance in Indonesia : is the State-Owned Bank better than Private Bank? Utami, Rachma Bhakti; Nuzula, Nila Firdausi; Damayanti, Cacik Rut
APMBA (Asia Pacific Management and Business Application) Vol. 8 No. 2 (2019)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2019.008.02.3

Abstract

The primary objective of this study is to analyze the effect of earnings quality on financial performance of banks in Indonesia by comparing the SOEs and private banks. This study uses discretionary accruals and earnings persistence indicators to measure earnings quality, as well as financial performance variables measured through return on assets, return on equity, rate return on loans and total asset turn over. Eight conventional banks compared in this study are 4 government banks and 4 private banks, with research data from 2006-2018. Data is processed using Partial Least Square Multigroup Moderation Technique. The results of this study indicate that earnings quality has a significant effect on financial performance of banks in Indonesia. While the results of bank type moderation show that the effect of earnings quality on financial performance of private banks is greater than that of state-owned banks. This study recommends the importance of applying earnings quality in banks, especially in state-owned banks. Furthermore, this study suggests that government companies should avoid earnings management in order to create good and high quality financial performance, especially in the banking sector in Indonesia.