Claim Missing Document
Check
Articles

Method of Payment Adoption in Indonesia E-Commerce Putri, Yolli Eka; Wiryono, Sudarso Kaderi; Nainggolan, Yunieta Anny; Dwi Cahyono, Tomy
The Asian Journal of Technology Management (AJTM) Vol 12, No 2 (2019)
Publisher : School of Business and Management Institut Teknologi Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12695/ajtm.2019.12.2.2

Abstract

Abstract. The emergence of e-commerce nowadays needs a payment method that supports speed and easiness of the transaction. Payment options that are provided by the e-commerce platform influence the customer purchase decision making, but the security of data still becoming an issue for seller and buyer in the e-commerce system. There are popular methods of payment in Indonesian e-commerce, they are transfer, cash on delivery, point of service, virtual account, credit card, and prepaid account. This research aim is to explore the behaviors of Indonesian e-commerce customers based on their ownership and preferred method of payment. This research used a quantitative approach, researchers have surveyed 492 Indonesian e-commerce customer that have shopping experience in e-commerce platforms (website, phone application, etc.). The proposed model in this study has five independent variables from the UTAUT (Unified Theory of Acceptance and Use of Technology) model and its development from other research. The findings of this research are the method of payment that needs less effort to use is used more often in e-commerce transaction, financial benefit is not a factor that attracts an e-commerce customer to have a method of payment, but they very consider fee that is charged because of using a method of payment,  and the higher an account holder perceived security of a method of payment, the higher they keep the account balance.Keywords: E-commerce, payment adoption, payment fee, prepaid payment, UTAUT
The Effect of Ownership Structures and Earnings Management on Dividend Policy in Indonesia Mining Industry from 2015 to 2019 Arifani, Yusnia Talitha AGnes; Nainggolan, Yunieta Anny
Journal of Business and Management Vol 9, No 2 (2020)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract. Indonesia Mining sector has an important role in contributing to the countrys' revenue, so its existence on the Indonesia stock market is often the target of many investors. However, its fluctuating commodity prices have an impact on the firms'profit and earnings that lead firms to do earnings management and raise an agency conflict since earnings used as dividends predictor. The presence of ownership structures defined by institutional and managerial ownership is one of factors that might influences dividend policy and hopefully can align that situation. By using two measurements such as dividend payout ratio and cash dividend, this research tries to analyze the situation impact on dividend policy with quantitative method. The sample is obtained from Mining firms listed on Indonesia Stock Exchange within 2015 to 2019. The panel data regression is performed and result that institutional ownership and earnings management have no significance effect on dividend policy. Meanwhile, it is found managerial ownership has a positive significant effect on dividend policy in Indonesia Mining industry. The result can be supported by agency theory as the manager shareholders can help to cope with agency conflict and the bird in hand theory explained for the investor who prefer higher dividend since higher value in managerial ownership result in higher dividend.Keywords: Dividend Policy, Institutional Ownership, Managerial Ownership, Earnings Management.
Does CSR Expense Affect Indonesian Listed Firms’ Capital Structure Over Their Life-Cycle? Witjaksono, Aryo Dimas; Nainggolan, Yunieta Anny
Journal of Business and Management Vol 9, No 2 (2020)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract. This final project aims to examine the association between corporate social responsibility (CSR) expenses and capital structure throughout the corporate life cycle in Indonesian listed companies. This research develops a hypothesis that are tested empirically through multivariate settings with robust standard errors. The tests are conducted using a sample of 527 Indonesian listed firms and 901 firm-year observations between 2010 and 2015. The findings support the hypothesis that CSR expenses are inversely related with debt to equity ratio throughout their life cycle. For investors, to invest in firms that have high CSR expense, high retained earnings and more matured firms with lower growth rate would indicate that the firm tends to keep lower debt to equity ratio over its life cycle which may be a factor to be considered when choosing an investment. For firm managers, disclosing the CSR expenditures transparently might help investors to be able to make considerations on whether or not to invest in the firm.. To the best of the author’s knowledge, there is thin literature investigating the relation between CSR and capital structure throughout corporate life cycle in emerging markets and its urgency as it may encourage companies to integrate CSR practice into their business strategy and transparently disclose their CSR activities. This final project contributes to the existing literature by examining these topics in a country where CSR is mandatory by the law.Keywords: Indonesia, Corporate social responsibility, Capital structure, Corporate life cycle
Social Media Engagement and Stock Return of Companies Included in Kompas100 (Case of Youtube and Twitter) Santosa, Jason Gamaliel; Nainggolan, Yunieta Anny
Journal of Business and Management Vol 9, No 2 (2020)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract. Communication media used by human change over time. Nowadays, most activities in communication occur in online social media. In social media, users can share contents publicly in the form of text, photos, and videos. It could create engagement between the content creator and social media users. Companies’ decision to use social media as a platform to share information to public must be considered carefully. Because the content shared might include vital and important information about the company, such as marketing plan and projected future growth of the company. So, this research has an objective to know whether social media engagement affects stock return of companies listed in Kompas100. Data collected secondary by accessing publicly available sources. This research uses Multiple Linear Regression through SPSS programme. The results show that social  media engagement has a very small negative impact on geometric mean stock return and no impact to arithmetic mean stock return. It might have happened because the content shared by the companies neither included vital nor important information hence the social media engagement did not affect stock return. The results of this research are expected to be considered for companies to utilize social media and create engagement with the users.Keywords: Social Media, Social Media Engagement, Kompas100, Stock Return
Political Event Effect on Politically Connected Firms Return and Trading Volume Activity (Event Study on KOMPAS100) Sitorus, Ganda Glen Michael; Nainggolan, Yunieta Anny
Journal of Business and Management Vol 9, No 2 (2020)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract. This paper aims to find out the existence of differences between politically connected firms and non-politically connected firms during Indonesia political year. There were numerous events in 2019 that believed to create an uncertainty in the market. In 2019, for the first time in Indonesia history that presidential and legislative elections were held simultaneously and in one day, beside that during that year there were large-scale demonstrations that have occurred more than once in context of rejecting government statements or even new policy. The event study methodology is used to analyse the market reaction toward 3 chosen political events within a 5 days event period. The market reactions are determined by using two indicators of abnormal return and trading volume activity. The samples that will be used is Kompas-100 stock which will be divided into politically connected firms and non-politically connected firms. This overall result of this paper shows that there is no difference between politically connected firms and non-politically connected firms during the specified event. The test actually does show a higher result of AAR for Politically connected firms but the differences were too slight.Keywords: Event Study, Indonesian Political Connection, Political Event, Political Uncertainty
THE DETERMINANTS OF HOUSEHOLD FINANCIAL MANAGEMENT OF THE SHARE-TAXI DRIVER’S WIFE IN BANDUNG Verdana, Faza; Nainggolan, Yunieta Anny
Journal of Business and Management Vol 10, No 3 (2021)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract: Covid-19 pandemic has led the share-taxi industry into a precarious state. According to the previous studies, household financial management is one of the important factors to determine the economic welfare of a household finance condition. The objective of this research is to identify the determinants of household financial management of the share-taxi driver’s wife. The data of this research gathered from the questionnaire referred to (DEFINIT, SEADI and OJK, 2013) for basic financial literacy as well as Bank Indonesia (2013) for household financial management. The questionnaires are filled by 103 respondents and analyzed with multilinear regression. The result of this research showed that the basic financial literacy level of share-taxi driver's wife is still low and the household financial management of share-taxi driver's wife is categorized as medium. Moreover, monthly income and basic financial literacy has a positive and significant effect towards household financial management.Keywords: Covid-19 Pandemic, Household Financial Management, Basic Financial Literacy, Demographics Profile, Share-Taxi Driver’s Wife, Multilinear Regression
Trading Volume and Stock Return Relationship in Indonesia Stock Exchange (IDX) 2013-2017 Bastaman, Irsyad Muhammad; Nainggolan, Yunieta Anny
Journal of Business and Management Vol 10, No 1 (2021)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Recently, Indonesia has been classified as a country with a large return in capital market over the year. There are many literatures discussing dynamic relationship between trading volume and stock return. This study is focused to find stock returns and trading volume relationships in Indonesia Stock Exchange (IDX) at 2013 – 2017. This study was conducted quantitatively and qualitatively. The data is collected as secondary data from IDX Annual Statistic and Yahoo finance.com. Furthermore, this study runs on three analysis: Descriptive analysis, Correlation test, and Ordinary Least Square (OLS) regression test. The study reveals adjusted R square for stock return towards trading volume is 0. 0.159 while trading volume against stock return is 0.009. That means stock return has bigger contribution to explain trading volume rather than trading volume against stock return. The study also found a significance positive contemporaneous relation between stock return and trading volume. Finally, the study shows both trading volume and stock return is not showing normal with leptokurtic curves and asymmetry data which is consistent with mixture of distributions (MDH).Keywords: Trading Volume, Stock Return, IDX, Contemporaneous Relationship
Pelatihan Pengemasan Paket Wisata dan Media Promosi Digital Bagi Pelaku Pariwisata Di Kawasan Wisata Sawarna Kabupaten Lebak Provinsi Banten Kurnia Fajar Afgani; Yunieta Anny Nainggolan; Raden Aswin Rahadi; Asep Darmansyah; Dematria Pringgabayu; Octaviani Ratnasari Santoso; Adam Aliya Silmi; Eko Susanto; Syifaa Novianti; Chandra Budhi Septyandi; Mega Fitriani Adiwarna Prawira
JATI EMAS (Jurnal Aplikasi Teknik dan Pengabdian Masyarakat) Vol 5 No 3 (2021): Jati Emas (Jurnal Aplikasi Teknik dan Pengabdian Masyarakat)
Publisher : Dewan Pimpinan Daerah (DPD) Perkumpulan Dosen Indonesia Semesta (DIS) Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36339/je.v5i3.504

Abstract

The development of community-based tourism is an alternative approach to improving the welfare of a community. Based on this concept, community service activities are carried out to strengthen tourism management competencies for the community in the Sawarna Beach Area. The activities are carried out using off-site and on-site concepts through the application of training modules and workshops on the preparation of an electronic catalog. Pokdarwis Tanjung Layar as a partner for community service activities shows full support in the form of participating in all series of activities and providing input on packaging thematic tour packages. The results of this activity are in the form of 5 (five) electronic catalogs regarding the theme of tourism products in the Sawarna Beach Tourism Area, namely adventure, culture, nature, fishing and geoparks. This community service activity is expected to be followed up by tourism actors in the Sawarna Beach Tourism Area in order to sharpen and expand the benefits of the activities that have been carried out.
A BIBLIOMETRIC ANALYSIS OF CARBON TAX LITERATURE: FUTURE RESEARCH FOR INDONESIA Ghea Revina Wigantini; Yunieta Anny Nainggolan
Eqien - Jurnal Ekonomi dan Bisnis Vol 11 No 1 (2022): EQIEN- JURNAL EKONOMI DAN BISNIS
Publisher : Sekolah Tinggi Ilmu Ekonomi Dr Kh Ez Mutaqien

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (467.276 KB) | DOI: 10.34308/eqien.v11i1.759

Abstract

In recent years, the carbon tax has become a popular discussion among countries. After careful consideration, Indonesia plans to implement carbon tax policies in 2022. As a result, there will be beneficial and on the other hand, negative influences. As a new player in implementing carbon tax policies, Indonesia could learn from the country that implemented it first. Using bibliometric analysis, this study is expected to give insight to the next researcher and concerned party for the future research direction on carbon tax policy and its impact on the related parties. This research assesses the most prolific authors, source institutions, and nations, as well as the most cited papers and the most popular keywords using the Scopus database. Indonesia has a big chance to do research related to the carbon tax. We recommend that Indonesian scholars focus on the economic and business level in their future research related to the carbon tax.
Does political connectedness determine stock returns in Indonesia? Endang Dwi Astuti; Yunieta Anny Nainggolan
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 1 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (751.884 KB) | DOI: 10.22437/ppd.v7i1.7290

Abstract

This study aims to investigate the influences of political connection on stock returns in Indonesia. We develop a comprehensive database of firm-level political connectedness among Indonesian firms from 2010 to 2017. Our sample is non-financial Indonesian listed firms that are selected in the Kompas 100 index for 16 consecutive periods, with a total of 448 firm-year observations. This study employs panel data regressions to estimate this relationship, then mitigate possible endogeneity issues using two-stage least square with fixed-effects. The finding of this study shows that political connectedness is associated with lower stock returns, more prominently in agriculture and consumer goods industries. Moreover, state-owned enterprises are more likely to earn lower stock returns. In summary, our result suggests that investing in politically connected firms could be a risky investment. The finding holds using alternative estimation methods
Co-Authors Abieza, Talitha Rhea Adam Aliya Silmi ADITYA NUGRAHA Aditya Pratama Afgani, Kurnia Fajar Akbar Grady Serano, Dillon Ariando, Heribertus Arie Widyastuti Arifani, Yusnia Talitha AGnes Asep Darmansyah Bastaman, Irsyad Muhammad Cahyono, Tomy Dwi Christian, Nicolas Rendy Dadang Suryana Davirza, Puri Alodia Demario, Patrick Dematria Pringgabayu Dermawan, Dicky Dhea Rakhmatika Utami Eko Susanto El Gibran, Pangeran Alif Endang Dwi Astuti Esa, Abrori Ahmad Noor Fahriandi, Dwika Ghea Revina Wigantini Hanna Pramadhia, Jasmine Harlan, Ruliff Isrochmani Murtaqi Khairunnisa, Carla Latif Alfiyan Zuhri Lazuardi Kitri, Mandra Liongson, Edward Marlene Matsuura, Yoshiyuki Mega Fitriani Adiwarna Prawira Meliana Meliana Muh. Alif Rumansyah, A. Muhammad Dzaki Naufal, Muhammad Dzaki Muhammad, Zikri Mulyati, Widia Muzaffar, Mumtaz Nagoro, Damar Panuluh Natama, Jennifer Magdalena Nita, Arfenia Octaviani Ratnasari Santoso Pane, Josua Febrico Renaldo Panjaitan, Nathania Adella Panjaitan, Renhard Patmanegara, Iqball Dwi Candra Prabowo, Hadi Purbayati, Radia Putri Pradana, Dian Putri, Yolli Eka Putro, Lucky Wahyu Pratomo Raden Aswin Rahadi Rahmatsyah Putranto, Nur Arief Rifka Indi Robert Chowiendo RR. Ella Evrita Hestiandari Santosa, Jason Gamaliel Septyandi, Chandra Budhi Sita Deliyana Firmialy Sitorus, Ganda Glen Michael Subaryata, Subaryata Subiakto Soekarno Subiakto Soekarno Sudarso Kaderi Wiryono Sulestiowidagdo, Ignatius Dwi Sumirat, Erman Arif Syaputri, Annisa Rizkia Syifaa Novianti Trihermanto, Febi Verdana, Faza Vichsanzy, Falahariq Wiryono , Sudarso Kaderi Wiryono, Sudarso Kaderi Witjaksono, Aryo Dimas Yansil, Eko Thio Ady