Articles
PELATIHAN ETIKA BISNIS DAN HUKUM KEPADA MAHASISWA BISNIS
Johan, Suwinto;
Manurung, Sony Priya Elita
Jurnal ABDI: Media Pengabdian Kepada Masyarakat Vol. 9 No. 1 (2023): JURNAL ABDI : Media Pengabdian Kepada masyarakat
Publisher : Universitas Negeri Surabaya
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DOI: 10.26740/abdi.v9i1.17249
Ethics in business has become crucial in daily economic activities. However, ethical violations still occur frequently. In principle, ethics comes from our morals as human beings with the basis of thinking what is good and what is not. Ethics is not only needed in business but also professional ethics. This training event aims to provide additional insight into the professional ethics of advocates. The training expects students to learn about business ethics, professional ethics and the consequences if they do not practice ethics. The training is conducted by means of webinars in order to reach a large number of participants. This training concludes that business ethics has a positive impact on the long-term performance of the company.
Performance and Contribution of Japanese and Non-Japanese Financial Institutions in Developing Economies: an Empirical Research in Indonesia
Johan, Suwinto
JDM (Jurnal Dinamika Manajemen) Vol 11, No 1 (2020): March 2020
Publisher : Department of Management, Faculty of Economics and Business, Universitas Negeri Semarang
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DOI: 10.15294/jdm.v11i1.22798
Paper purpose is to analysis the value generated by the Japanese and Non Japanese financial institutions in Indonesia banking from 2013-2018. The paper concentrated on the 16 foreign banks contained of seven affiliates of Japanese banks and nine affiliates of Asian Non-Japanese Banks. The shareholders’ origination will be the independent parameter, and the main financial measurements are the capital structure, credit risk, efficiency, profitability, and firm size, will be the dependent parameter. This paper used non-parametric Mann Whitney Test, besides parametric by Regression of Dummy Variable. The empirical outcomes indicate that there are variances in capital structure, credit risk, efficiency, and firm size. There is no significant variance in profitability ratio. Japanese banks are more noticeable in terms of firm size and well in efficiency ratio and loan to deposit ratio. However, Japanese banks have a higher non-performing credit. The outcomes are significant at a = 1% for capital structure and efficiency ratio.
Capital Market Reaction to Several Announcements Related to COVID-19 Vaccine in LQ-45 Index
Johan, Suwinto;
Victoria, Erika
KINERJA Vol. 26 No. 2 (2022): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta
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DOI: 10.24002/kinerja.v26i2.5715
COVID-19 has caused many losses to stock markets worldwide, including in Indonesia. All industrial sectors' stock prices have declined significantly from December 2019 to May 2020. Due to the pandemic, the COVID-19 vaccine brings hope and optimism to the country's economy, which will cause a reaction in the capital market. This study aims to test is there any market reaction to several cases related to the COVID-19 vaccine. Those events are: the government received the first dose Covid-19 vaccine, the government canceled the paid individual vaccination program, and COVID-19 vaccination has penetrated more than 100 million people. This study was measured by abnormal return and trading volume activity within two different periods, i.e., a day before (D-1) to a day after (t-1) and three days before (t-3) to three days after (t+3) of each event. This research was conducted on companies listed on LQ-45 that were determined using the purposive sampling technique and will be analyzed using a one-sample Kolmogorov Smirnov test, Paired sample t-test, and Wilcoxon signed-rank test. This study indicates a capital market reaction to all the cases related to the COVID-19 vaccine researched in this study, which causes changes in abnormal returns and a significant increase in volume after the announcement.
PROTECTION OF CAPITAL MARKET RETAIL INVESTOR INTERESTS AGAINST DUAL CLASS VOTING SYSTEMS
Johan, Suwinto;
Lie, Gunardi
International Journal of Application on Economics and Business Vol. 1 No. 3 (2023): Agustus 2023
Publisher : Graduate Program of Universitas Tarumanagara
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DOI: 10.24912/ijaeb.v1i3.992-999
The technology company GoTo has listed its share securities on the Indonesian capital market. GoTo has listed shares with a series or Multiple Voting Shares (MVS) scheme. The Financial Services Authority (OJK) has issued POJK, which regulates MVS. MVS gives rise to shares with voting rights that are different from other shares. This system is known as the dual-class voting system (DCVS). This study aims to discuss how to protect the interests of retail investors who have investments in companies that have MVS. This research uses legal normative. This study concludes that MVS must have a specific validity period, except State-Owned Enterprises (BUMN). The government must own SOEs that influence many people's lives with dual-colored shares. These MVS shares do not have voting rights but still, have the advantage of dividends. The purpose of MVS is for shareholders to protect the company's long-term interests. The government owns Dwiwarna shares intending to safeguard the interests of the national economy. MVS or DCVS affects the long-term running of the company's business to remain appropriate and avoid a hostile takeover.
Implementing Business Judgment Rules in Corporate Decision-Making: A Focus on the Tourism Industry
Johan, Suwinto
UNES Law Review Vol. 6 No. 4 (2024)
Publisher : Universitas Ekasakti
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DOI: 10.31933/unesrev.v6i4.2071
The Board of Directors assumes responsibility for managing a Limited Liability Company, making decisions amidst uncertain circumstances that may lead to company losses. Directors must adherence to the principles of the business judgment rule and act without conflict of interest and with utmost good faith towards the company's best interests. This study explores the application of business judgment rules by directors in corporate governance, employing normative juridical methods. Directors' accountability for company losses under these rules were examined based on the primary, secondary, and other relevant data sources. The research concludes that directors can effectively apply business judgment rules when they operate with integrity and prioritize the company's well-being, emphasizing the importance of maintaining good corporate governance standards.
Financial Technology Company's Debt Collection Method: A Legal Aspect
Suwinto Johan
Unnes Law Journal Vol. 8 No. 1 (2022): April, 2022
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/ulj.v8i1.37290
Online loans are an alternative source of loans for the public. Online lending has grown rapidly. Financial technology companies are online loan providers. Financial technology companies use various ways to collect loans that are not paid by customers when they are due. One of the debt collection methods is to distribute photos and debt collection stories of the customer to the contacts in the customer's mobile number. This distribution has caused unrest for the people contacted either via messenger or via SMS. This research aims to discuss the pattern of debt collection by financial technology companies from a juridical viewpoint. This research uses the juridical normative method. This research concludes that data retrieval and data dissemination constitute a violation of personal data protection for customers and people who receive news and SMS. Retrieval of data without approval or contacting a loan with another party without prior knowledge has violated the personal domain of the data owner. The government needs to immediately issue regulations regarding the protection of personal data related to electronic transactions.
METAVERSE AND ITS IMPLICATION IN LAW AND BUSINESS
Johan, Suwinto
Jurnal Hukum Progresif Vol 10, No 2 (2022): Oktober 2022
Publisher : Doctoral of Law Program, Faculty of Law, Universitas Diponegoro
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DOI: 10.14710/jhp.10.2.153-166
We hear that the future world is the world of the Metaverse. Metaverse is a virtual space created by digital versions of various aspects of life. This study aims to examine the function of law in the metaverse world. This study uses a normative juridical method. This study concludes that the metaverse world still requires the implementation of different laws. The current laws and regulations need to make implementation adjustments in the metaverse world. The change from the real world to the virtual world is like how communication in the real world becomes digital communication that we are experiencing. Adjustments to human behavior must be accompanied by adjustments to the governing regulations. State boundaries become fictitious, and applicable laws do not recognize state and government boundaries.
Sanctions in Financial Services: Developing a Conducive Culture in Financial Industry in Indonesia
Johan, Suwinto
Humaniora: Journal of Indonesia Culture and Society Vol. 13 No. 1 (2022): Humaniora
Publisher : Bina Nusantara University
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DOI: 10.21512/humaniora.v13i1.7309
The research proposed adjustments to sanctions for criminal acts in the financial services industry in accordance with Law No. 21/2011. Based on the Law of the Republic of Indonesia No. 21/2011, the Indonesian Financial Services Authority (FSA) had the authority to regulate the financial industry in Indonesia. FSA had enormous capacity, including the authority to impose criminal sanctions in the financial services industry. However, criminals in the financial sector still recurred after establishing the OJK. One of financial services industry crimes began with Bank Indonesia Liquidity Assistance due to the 1998 Asian crisis, and the crisis due to the COVID-19 pandemic had resulted in several criminal acts in the financial industry such as the Bank Bukopin case and several cases of insurance companies such as Jiwasraya insurance. The research applied a normative juridical method. It concludes that criminal sanctions in the financial services industry can be imposed on individuals and/or corporations. This criminal sanction is imposed if someone deliberately ignores, does not fulfill, or hinders the exercise of the FSA's authority or deliberately ignores and/or does not carry out the FSA's written orders. A person's definition needs to be clarified in his/her position at a financial service institution to be subject to a criminal offense.
Analysis of Defamation on Social Media
Johan, Suwinto
Jurnal Riset Pendidikan Ekonomi Vol. 11 No. 1 (2026): APRIL
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Kanjuruhan Malang
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This study examines defamation on social media, which has become more prevalent with the rapid growth of digital platforms and applications. It adopts a normative approach using primary and secondary legal sources. Informing others that a person failed to pay for ordered and consumed food is generally a civil matter. However, publishing a video that clearly identifies the individual may constitute defamation, particularly if the claim is inaccurate or later disproven. Such content can harm reputation, especially when accompanied by provocative language that misrepresents the actual situation. This study concludes that posting identifiable and misleading video content on social media may result in legal liability.
IMPLIKASI YURIDIS POST MERGER NOTIFICATION OLEH PELAKU USAHA DI INDONESIA
Suwinto Johan
Dialogia Iuridica Vol. 12 No. 1 (2020): Volume 12, Nomor 1, Tahun 2020
Publisher : Faculty of Law, Maranatha Christian University
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DOI: 10.28932/di.v12i1.2441
Merger, consolidation, and acquisition of a company are normal activities for businessmen. These activities aims to maximize the value of company to shareholders. The implementation of merger, consolidation, and acquisition have the effect of creating a dominant position and monopolic practices, so those activities requires approval of a commission of business competition monitor. However, is the submission of approval done before or after the transaction made? Based on Undang-Undang Dasar No. 5 Tahun 1999, reporting has to do after transaction made according to criterias estabilished by government regulations. This research shows the effects of reporting after the transaction made. This research uses lex approach, case approach, and comparative approach. Comparative approach comparing lex in several countries. This research concludes that notification to KPPU must be made for transactions of a certain value, so as not to cause the effects of uncertainty and high transaction costs.