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Indonesian Higher Education Institutions Competitiveness and Digital Transformation Initiatives Priyanto, Panji; Suhandi, Ni Putu Mila
Jurnal Pendidikan Indonesia Vol 11, No 1 (2022)
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/jpi-undiksha.v11i1.34263

The COVID-19 pandemic was causing unexpected challenges for all education systems. Several online platforms launched by the ministry of education maximize available e-learning solutions such as virtual education resources and open classrooms, encourage the possibility of innovation and accelerated digital transformation initiatives, and further develop lecturers' digital skills and competencies. This study aims to analyze the comparative needs of the current digital environment of Indonesian higher education and conduct an in-depth study of digital learning in the Indonesian higher education environment. This study also outlines the mitigation plan, the innovative strategy adopted, and the implications and recommendations for Indonesian universities. The research method uses a discourse analysis with literature and news sources to assess the higher impact, challenges, and opportunities of education during the pandemic in Indonesia. This study finds that the COVID-19 pandemic has had a significant impact on higher education in Indonesia; Both lecturers and students in universities face many challenges in the teaching and learning process. The effect is worse in Eastern Indonesia due to poor internet connectivity for online learning. In terms of mitigating online learning, the impact is still unknown. The limitation in this study states that the literature and news studies are not comprehensive because the current pandemic crisis has not ended. This study can represent an illustration of the limitations of a more empirical study to be conducted on how the current crisis affects the learning process of Indonesian universities.

The Value of GARP Investing: Evidence from the Indonesian Stock Exchange Panji Priyanto
JABE (JOURNAL OF ACCOUNTING AND BUSINESS EDUCATION) Volume 5, Issue 2, March 2021
Publisher : Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26675/jabe.v5i2.15743

The purpose of this study was to examine whether or not the GARP in selecting the stock portfolios can provide a more stable growth rate of return when compared to the value stock and growth stock as well as to examine the stock return on value stock and growth stock based on the changes in its fundamentals. The population in this study was all companies listed on the Indonesia Stock Exchange (known as IDX) in the period of 2015-2019. The samples were selected using a comparative-quantitative approach and consisted of 20 companies: seven companies included in the value stock portfolio category and ten companies included in the portfolio category. Growth stock and three companies were included in the GARP's stock portfolio category. The formation of stock portfolios in the company's fundamentals was based on price to book value ratio, price-earnings ratio, and price-earnings growth ratio. This study used the ANOVA method equipped with SPSS by performing four tests: Homogeneity of Variance, Between-Subject, Post Hoc, and Homogenous Subset test. The results of this study show that there were differences in the portfolio return of value stocks, growth stocks, and GARP stocks on the Indonesia Stock Exchange in the period of 2015-2019. Meanwhile, the GARP investment strategy was stable for the growth when compared to the value investment and growth investment in the Indonesia Stock Exchange in the period of 2015-2019. The implementation of GARP concept in managing the investment portfolios and criteria for choosing the stocks have the profitable growth, first in forming the GARP because investors in the stock market tend to expect obtaining high investment returns with a limited time horizon. The implementation of GARP concept has prevented the investors from the value trap because the GARP strategy is a hybrid solution for the growth stock and value stock, thus. The GARP investors will experience a combination of returns

ROBOTIC PROCESS AUTOMATION IN ACCOUNTING CURRICULUM AND PROFESSION Panji Priyanto; Ni Putu Mila Suhandi
Jurnal Akuntansi Multiparadigma Vol 13, No 3 (2022): Jurnal Akuntansi Multiparadigma (Desember 2022 - April 2023)
Publisher : Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jamal.2022.13.3.42

Abstrak - Robotic Process Automation dalam Kurikulum dan Profesi AkuntansiTujuan Utama - Penelitian ini bertujuan untuk mengusulkan capaian pembelajaran dan penyampaian teknologi robotic process automation untuk dimasukkan dalam kurikulum akuntansi dalam menghadapi tantangan akuntan di masa depan.Metode – Penelitian ini menggunakan metode wawancara semi struktrur. Adapun informan penelitian ini adalah beberapa pihak dari akademisi dan praktisi.Temuan Utama – Robotic process automation telah menjadi kebutuhan bagi profesi akuntansi. Perbedaan perspektif antara akademisi dan praktisi akan merugikan kualitas serta kemampuan kerja lulusan akuntansi. Jika ketidakpastian dalam kurikulum akuntansi terus berlanjut, maka profesi akuntan dapat beralih ke TI.Implikasi Teori dan Kebijakan – Penelitian ini menyerukan memodifikasi sistem kurikulum yang relevan pada pendidikan akuntansi dengan teknologi robotic process automation. Modifikasi ini dilakukan untuk mencapai keseimbangan antara pengetahuan akuntansi yang ada dan keterampilan teknologi informasi yang relevan dengan profesi.Kebaruan Penelitian – Kebaruan pada penelitian ini adalah dengan membangun capaian pembelajaran kurikulum akuntansi yang mencerminkan robotic process automation. Abstract - Robotic Process Automation in Accounting Curriculum and ProfessionMain Purpose - This research aims to propose the learning outcomes and delivery of robotic process automation technology to be included in the accounting curriculum in facing accountant challenges in the future.Method - This research uses a semi-structured interview method. The informants for this research are several parties from academics and practitioners.Main Findings – Robotic process automation is necessary for the accounting profession. The difference in perspectives between academics and practitioners will harm accounting graduates' quality and workability. If uncertainty in the accounting curriculum continues, the accounting profession may turn to IT.Theory and Practical Implications – This research calls for modifying curriculum systems relevant to accounting education with robotic process automation technology. This modification was made to balance existing accounting knowledge and information technology skills pertinent to the profession.Novelty - The novelty of this research is to build accounting curriculum learning outcomes that reflect robotic process automation.

Unraveling The Link: Relationship Firm Value Shapes Esg Ratings Priyanto, Panji; Suhandi, Ni Putu Mila
JABE (JOURNAL OF ACCOUNTING AND BUSINESS EDUCATION) Volume 8, Issue 2, December 2023
Publisher : Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17977/jabe.v8i2.44972

The study aims to fill the research gap by examining the relationship between ESG ratings and firm value in energy companies and whether company profitability controls this relationship. The study uses multiple regression models to test this hypothesis and examines the impact of Tobin's Q, profitability, and ESG ratings on firm value. The study sample is energy sector companies listed on the Indonesia Stock Exchange from 2015-2022. The result of this paper is a negative relationship between Tobin's Q and ESG performance, indicating that firms with higher market valuations may prioritize shareholder value over ESG considerations. On the other hand, there is a positive relationship between NPM and ESG performance, suggesting that companies with higher profitability may have more resources to invest in sustainable and socially responsible practices. The lack of a significant relationship between ROE and ESG performance suggests that the financial returns to equity shareholders may not directly impact on a company's ESG initiatives. The positive relationship between ROA and ESG Performance aligns with the idea that companies with efficient asset utilization are better positioned to invest in sustainable practices. The negative relationship between GPM and ESG Performance suggests that companies with higher gross profit margins may face pressure to cut costs, potentially at the expense of environmental or social responsibility.

The Influence of Internal Factors on Going Concern Audit Opinions: Study of Industrial Companies on the Indonesia Stock Exchangee Yolanda Zagoto, Akwilan Evalyn; Widiyati, Dian; Priyanto, Panji
Equilibrium: Jurnal Ekonomi-Manajemen-Akuntansi Vol 20, No 1 (2024): April
Publisher : Research Institution and Community Service Universitas Wijaya Kusuma Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30742/equilibrium.v20i1.3636

This research discusses the influence of independent commissioners, managerial ownership, and audit quality on accepting going-concern audit opinions. This research aims to determine the impact of independent commissioners, managerial ownership, and audit quality on the acceptance of going-concern audit opinions. The method used in this research is quantitative, and the data used is secondary data. The sampling technique was carried out using purposive sampling by considering specific criteria determined by the researcher. The population used in this research is industrial companies listed on the Indonesia Stock Exchange for the 2018-2022 period, data processing uses e-views 12 version. Based on the research results, it can be concluded that independent commissioner and managerial ownership variables influence the acceptance of going concern audit opinions. Meanwhile, audit quality does not affect the acceptance of going-concern audit opinions.

ENHANCING FIRM VALUE: ANALYZING INTELLECTUAL CAPITAL, CAPITAL STRUCTURE, AND PROFITABILITY IN INDONESIA Priyanto, Panji; Tias, Putri Wahyuning; Suhandi, Ni Putu Mila
Jurnal Akuntansi, Keuangan, Pajak dan Informasi (JAKPI) Vol 4, No 2 (2024)
Publisher : Unversitas Prof. Dr. Moestopo (Beragama)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32509/jakpi.v4i2.4683

This study investigates the impact of Intellectual Capital (IC), Capital Structure (CS), and Profitability (PR) on Firm Value (FV), with profitability acting as a mediating variable. Utilizing a quantitative approach, secondary data from 190 observations of consumer goods companies listed on the Indonesia Stock Exchange (IDX) were analyzed through SmartPLS. Companies experiencing losses or conducting IPOs during the research period were excluded. Firm value was proxied by Return on Assets (ROA), a key indicator of a firm's efficiency in generating profits from its assets. IC was measured using the Value-Added Intellectual Coefficient (VAIC), comprising Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE), and Structural Capital Efficiency (SCE). Capital Structure was measured using the Debt-to-Equity Ratio (DER), and profitability was assessed via Price-to-Book Value (PBV). The results revealed that Intellectual Capital significantly enhances both profitability and firm value, highlighting the role of intangible assets in firm performance. Capital Structure exhibited a negative direct effect on firm value but positively influenced profitability. Profitability, in turn, had a strong positive effect on firm value, underscoring its mediating role in the relationship between IC, CS, and FV. These findings emphasize the importance of effective management of intellectual and capital resources in maximizing firm value in the consumer goods sector in Indonesia

Indonesian Higher Education Institutions Competitiveness and Digital Transformation Initiatives Priyanto, Panji; Suhandi, Ni Putu Mila
Jurnal Pendidikan Indonesia Vol 11 No 1 (2022)
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat

The COVID-19 pandemic is causing unexpected challenges for all education systems. Several online platforms launched by the Ministry of Education and Culture maximize available e-learning solutions and further develop lecturers' digital skills and competencies. This study aims to analyze the comparative needs of Indonesia's current digital higher education environment and conduct an in-depth study of digital learning in Indonesia's higher education environment. This study also outlines the mitigation plans, innovative strategies adopted, and implications and recommendations for universities in Indonesia. The research method uses discourse analysis with literature and news sources to assess the impact, challenges, and opportunities of higher education during the pandemic in Indonesia. This study found that the COVID-19 pandemic had a significant impact on higher education in Indonesia; Both lecturers and students at universities face many challenges in the teaching and learning process. The effect is worse in Eastern Indonesia due to poor internet connectivity for online learning. In terms of mitigating online learning, the impact is still unknown. The limitations of this study are that the literature and news studies are not comprehensive because the current pandemic crisis has not ended. This study can provide an overview of the limitations of a more empirical study that will be carried out on how the current crisis affects the learning process of higher education in Indonesia.

Evaluation of Stock Returns Against Systematic Risk Using the Capital Market Line (CML) Approach: An Empirical Study on LQ45 Stocks: English Suhandi, Ni Putu Mila; Priyanto, Panji
International Journal of Finance Research Vol. 6 No. 3 (2025): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v6i3.2920

This study aims to evaluate the performance of LQ45 stocks against systematic risk using the Capital Market Line (CML) approach. The CML, derived from the Capital Asset Pricing Model (CAPM), represents the risk-return relationship between efficient portfolios and the market portfolio, incorporating both the risk-free rate and the total risk (standard deviation). Unlike the Security Market Line (SML), which uses beta as a measure of systematic risk, the CML emphasizes total risk in the context of portfolio efficiency. This research employs a quantitative descriptive method, analyzing secondary data of LQ45 constituents listed on the Indonesia Stock Exchange (IDX) for the period from January 2023 to December 2024. The Sharpe Ratio was calculated to assess the performance of individual stocks, followed by comparison with the CML benchmark. The findings reveal that only a limited number of stocks demonstrate efficiency by lying above CML, while the majority fall below, indicating suboptimal risk-adjusted returns. These results support the theoretical proposition that in efficient markets, only well-diversified portfolios, not individual assets, can consistently align with the CML. This study contributes to the growing literature on asset pricing by emphasizing the role of total risk in portfolio evaluation and provides practical implications for investors in constructing efficient portfolios.

Earnings Management: Boon or Bane for Growth in Indonesia Consumer Sector? English Hamdani, Ujang Halim; Priyanto, Panji; Suhandi, Ni Putu Mila
International Journal of Finance Research Vol. 5 No. 1 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i1.1621

This study investigates the relationship between earnings management and financial risk on company growth in the Primary Consumer Goods Industry sector listed on the IDX from 2017 to 2021. The findings show that earnings management practices positively and significantly impact company growth, indicating that companies implementing management profits tend to experience higher growth (Growth Companies). Enhancing positive and efficient earnings management practices can improve company performance and overall business growth. The statistically significant effect indicates that this relationship is not coincidental, emphasizing the strong relationship between earnings management and firm growth. However, financial risk does not significantly affect company growth and cannot moderate the relationship between earnings management and company growth. This observation highlights the complexity of the impact of financial risk on corporate growth, which various unmeasured factors, including changes in interest rates, market fluctuations, and credit risk, may influence. Other internal and external factors that affect the relationship between financial risk and firm growth may not be considered in this regression model, limiting its ability to capture the subtleties of this relationship fully. Nonetheless, this study shows that Financial Risk and Earnings Management significantly affect the dependent variable, Company Growth. The results show that companies that apply better earnings management practices in their financial reporting experience better or higher growth. However, this study had limitations, and future research should explore a different sector, as this may yield different results. In addition, future research may consider including control variables such as firm size, liquidity, leverage, industry growth, and other economic factors to understand their impact on firm growth better

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