Hasanuddin Economics and Business Review
Hasanuddin Economics and Business Review (HEBR) is an international triannual open access and peer reviewed journal of economics and business. HEBR is published by Faculty of Economics and Business Hasanuddin University. The journal is published in both print and online versions.
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<![CDATA[JAPANESE ENTERPRISES ROLE ON SMES DEVELOPMENT IN INDONESIA: INSIDE TOBIKO EXPORT AND IMPORT ]]>
<![CDATA[Muh. Yushar Mustafa]]>;
<![CDATA[Fahrina Mustafa]]>;
<![CDATA[Riad Mustafa]]>;
<![CDATA[Rahmat Mustafa]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
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DOI: 10.26487/hebr.v2i2.1352
<![CDATA[The behavior and the performance of firms, which are highlighted on small and medium-sized enterprise (SME) development, have been extensively discussed since few past decades among the scholars and researchers. Nonetheless, most of those studies only concentrate onto Western firms and less is known in South-East Asia firms, especially the firms located in Indonesia. Consistent with the lack of literature mentioned above, the most significant problem within the body of literature is there are also very little comprehensive findings of empirical research in examining the role of foreign enterprises which specialized in flying fish roe product, known as Tobiko or To Bio No Tamago in Japanese, on the development of Indonesian SMEs in general and the development of natives’ wealth and knowledge in particular. To this knowledge, this study thus aims to expound the role of Kanetoku Corporation and Kanematsu Corporation (formerly known as Kanematsu Gosho Ltd.) – as the representative of the foreign firms – on the development of Indonesian SMEs that are originated from South Sulawesi province, especially from Makassar, Takalar, and Mamuju region. Through the application of resource-based view (RBV) as the grounded theory and the emphasis on the underpinning concept of innovation and knowledge-transfer, this study is strongly expected come up with the result that innovation and knowledge transfer provided by Japanese firms intentionally or unintentionally have become the vital factors on the development of South Sulawesi SMEs that can be seen for example within (1) the successful internationalization of South Sulawesi SMEs and amusingly (2) the remarkable discovery of a new habitat of flying fish outside the South Sulawesi province by the South Sulawesi SMEs during the collaboration between Japanese firms.]]>
<![CDATA[THE COMPARISON OF UNESCAP'S CHARACTERISTICS OF GOOD GOVERNANCE AND ISLAMIC CHARACTERISTICS OF GOVERNANCE FOR PUBLIC SERVICES REFORM IN INDONESIA ]]>
<![CDATA[Wisber Wiryanto]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
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DOI: 10.26487/hebr.v2i2.1545
<![CDATA[Good governance is a global and sustainable issue. International institutions offer the concept of good governance for bureaucracy and public services reform to various countries. Indonesia is one of the countries that have implemented and developed the concept of good governance.However, the establishment of such structures and regulations, is not a guarantee for improving the effectiveness of good governance implementation. In connection with the above mentioned issues, it is deemed necessary to conduct researc. The reasons of consideration that the majority of Indonesia's population adheres to Islam as great potential toward Islamic governance. This study is conducted to answer the problem formulation, what is similarities and differences between UNESCAP's Characteristics of Good Governance and Islamic Characteristics of Governance? The study used library research method, based on Holy Qur'an and Hadith Nabawi, relevant textbooks and websites, with direct observation in the field. Collecting and analyzing data based on descriptive qualitative method. This study was conducted in Indonesia, in the first half of 2018. Concluded, Islamic characteristics of governance consist of: shari’ah, ‘adl, ta’awun, bayan, itqan & tawazun, shura, at-tabayun and mas’uliyah. There are similarities of categories, and differences the annotation of categories between UNESCAP's characteristics of governance and Islamic Characteristics of Governance.  As an implication then government officials must apply Islamic governance and ethics for public service reform in Indonesia.]]>
<![CDATA[DEVELOPING ISLAMIC FINANCIAL TECHNOLOGY IN INDONESIA ]]>
<![CDATA[Aam Slamet Rusydiana]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
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DOI: 10.26487/hebr.v2i2.1550
<![CDATA[Financial technology in Indonesia is an untapped market opportunity. As the world’s largest population Muslim country, the prospects for Islamic fintech in Indonesia seem very bright. This study tries to answer what problems, foundations and key ecosystem or stakeholders are involved in the development of Islamic fintech in Indonesia using Interpretive Structural Model (ISM) approach. The core problems faced in the development of Islamic financial technology industry are: Lack of policy instruments guarding the fintech work process, and availability of human resources for fintech. The core strategies or foundations that’s needed in framework of Islamic fintech development are: Ability to manage and analyze data in big data era, and Human resources in digital marketing. For the aspects of Ecosystem or Actors involved in the development of Islamic fintech in Indonesia, the important actor is: Government or regulator, Educational institutions (universities), and also Existing industries (banks and other financial institutions).]]>
<![CDATA[ACCOUNTANTS MORAL JUDGEMENT IN RELIGIOUS AND NON-RELIGIOUS SCHOOL BACKGROUND’S PERSPECTIVE ]]>
<![CDATA[Hariany Idris]]>;
<![CDATA[Warka Syachbrani]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
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DOI: 10.26487/hebr.v2i2.1491
<![CDATA[This study aims to review the conduct of investigation regarding moral judgements between accountants with religious and non-religious school background using moral indicators (moral judgment). Multiple linear regression analysis used in this study. To review the partially relationships between variables, the study operated using T-test, whereas for review simultaneous relationships between variables the study used F-test. This study using 86 respondents as a data source for review processed. The findings of the research is the Religious Background (X1) significantly affected the Accounting students morality judgement (Y), while the difference of Gender (X2) showed the opposite results.]]>
<![CDATA[PRACTICAL MODEL OF INDIGENOUS CO-CREATION FOR THE SUSTAINABILITY OF INDONESIAN WOVEN SONGKET ]]>
<![CDATA[Retno Kusumastuti]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
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DOI: 10.26487/hebr.v2i2.1494
<![CDATA[Innovation is the main key to the sustainability of all industries. Fashion industry with traditional woven as its basic material is one of complex industries for its association with social environment in all cultural values, market taste, chain value, life cycle products and even government policy. This focus will likely be important as indigenous characteristic in the traditional woven becomes the competitive advantage of a region. The outcome of this study showed that traditional woven co-creation in design need an involvement of social actors in the social learning process. Indigenous co-creation of traditional woven is a social innovation learning activities that needs adequate involvement of actors and context. The purpose of this study is to analyze the challenges and constraints for the sustainability of Indonesian woven songket and to develop a practical co-creation model in attempt to cope with various constraints to generate recommendation for decision makers at local goverment level. This study used qualitative approach. The primary and secondary data to answer the research questions were collected through in-depth interview and focus group discussion. ]]>
<![CDATA[THE EFFECT OF FINANCIAL LEVERAGE ON DEBT REPAYMENT CAPACITY : EVIDENCE FROM LISTED SHIPPING COMPANY IN INDONESIA ]]>
<![CDATA[Danu Ade Setiawan]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
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DOI: 10.26487/hebr.v2i2.1513
<![CDATA[Contrast with its potentiality in the largest Archipelago country on the world, shipping industry in Indonesia show unsatisfactory condition whereas its industry’s national growth is below the overall industries growth and industry’s non-performing loan (NPL) rate is higher than national NPL. This condition is caused by the nature of the shipping industry with a high level of business uncertainty and their liability’s structure are dominated by banks and other financial institutions’ long-term debts. This research examines the relationship between financial leverage variable on the debt repayment capacity variable specifically to the banks and other financial institutions. The research population is shipping companies listed in Indonesia stock exchange with a number of samples is 12 companies. The consolidated financial statements in the period between 2014 and 2015 from the selected sample are used in this research. Based on literature review, the variable of company’s leverage is represented by a debt-equity ratio (DER). On the debt repayment capacity variable, the qualitative research method that is Delphi method is applied to define the ratio represented the variable. As the result, the debt repayment capacity variable is represented by Debt Security Coverage Ratio (DSCR). The statistical method that is used in this research is correlation analysis. Correlation analysis is a group of techniques to measure the relationship between two variables that are financial leverage represented by DER and debt repayment capacity represented by DSCR. The result shows that there is a negative correlation between financial leverage that is represented by DER and debt repayment capacity that is represented by DSCR. However, the correlation between them is considered weak with Pearson correlation coefficient less than 0,5 in absolute value or the influence of DER to the DSCR is insignificant.]]>
<![CDATA[JAPANESE ENTERPRISES ROLE ON SMES DEVELOPMENT IN INDONESIA: INSIDE TOBIKO EXPORT AND IMPORT ]]>
<![CDATA[Mustafa, Muh. Yushar]]>;
<![CDATA[Mustafa, Fahrina]]>;
<![CDATA[Mustafa, Riad]]>;
<![CDATA[Mustafa, Rahmat]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
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Download Original
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Original Source
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Check in Google Scholar
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DOI: 10.26487/hebr.v2i2.1352
<![CDATA[The behavior and the performance of firms, which are highlighted on small and medium-sized enterprise (SME) development, have been extensively discussed since few past decades among the scholars and researchers. Nonetheless, most of those studies only concentrate onto Western firms and less is known in South-East Asia firms, especially the firms located in Indonesia. Consistent with the lack of literature mentioned above, the most significant problem within the body of literature is there are also very little comprehensive findings of empirical research in examining the role of foreign enterprises which specialized in flying fish roe product, known as Tobiko or To Bio No Tamago in Japanese, on the development of Indonesian SMEs in general and the development of natives’ wealth and knowledge in particular. To this knowledge, this study thus aims to expound the role of Kanetoku Corporation and Kanematsu Corporation (formerly known as Kanematsu Gosho Ltd.) – as the representative of the foreign firms – on the development of Indonesian SMEs that are originated from South Sulawesi province, especially from Makassar, Takalar, and Mamuju region. Through the application of resource-based view (RBV) as the grounded theory and the emphasis on the underpinning concept of innovation and knowledge-transfer, this study is strongly expected come up with the result that innovation and knowledge transfer provided by Japanese firms intentionally or unintentionally have become the vital factors on the development of South Sulawesi SMEs that can be seen for example within (1) the successful internationalization of South Sulawesi SMEs and amusingly (2) the remarkable discovery of a new habitat of flying fish outside the South Sulawesi province by the South Sulawesi SMEs during the collaboration between Japanese firms.]]>
<![CDATA[ACCOUNTANTS MORAL JUDGEMENT IN RELIGIOUS AND NON-RELIGIOUS SCHOOL BACKGROUND’S PERSPECTIVE ]]>
<![CDATA[Idris, Hariany]]>;
<![CDATA[Syachbrani, Warka]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
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Check in Google Scholar
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DOI: 10.26487/hebr.v2i2.1491
<![CDATA[This study aims to review the conduct of investigation regarding moral judgements between accountants with religious and non-religious school background using moral indicators (moral judgment). Multiple linear regression analysis used in this study. To review the partially relationships between variables, the study operated using T-test, whereas for review simultaneous relationships between variables the study used F-test. This study using 86 respondents as a data source for review processed. The findings of the research is the Religious Background (X1) significantly affected the Accounting students morality judgement (Y), while the difference of Gender (X2) showed the opposite results.]]>
<![CDATA[PRACTICAL MODEL OF INDIGENOUS CO-CREATION FOR THE SUSTAINABILITY OF INDONESIAN WOVEN SONGKET ]]>
<![CDATA[Kusumastuti, Retno]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
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DOI: 10.26487/hebr.v2i2.1494
<![CDATA[Innovation is the main key to the sustainability of all industries. Fashion industry with traditional woven as its basic material is one of complex industries for its association with social environment in all cultural values, market taste, chain value, life cycle products and even government policy. This focus will likely be important as indigenous characteristic in the traditional woven becomes the competitive advantage of a region. The outcome of this study showed that traditional woven co-creation in design need an involvement of social actors in the social learning process. Indigenous co-creation of traditional woven is a social innovation learning activities that needs adequate involvement of actors and context. The purpose of this study is to analyze the challenges and constraints for the sustainability of Indonesian woven songket and to develop a practical co-creation model in attempt to cope with various constraints to generate recommendation for decision makers at local goverment level. This study used qualitative approach. The primary and secondary data to answer the research questions were collected through in-depth interview and focus group discussion. ]]>
<![CDATA[THE EFFECT OF FINANCIAL LEVERAGE ON DEBT REPAYMENT CAPACITY : EVIDENCE FROM LISTED SHIPPING COMPANY IN INDONESIA ]]>
<![CDATA[Setiawan, Danu Ade]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 2 NUMBER 2, 2018 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
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Original Source
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Check in Google Scholar
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DOI: 10.26487/hebr.v2i2.1513
<![CDATA[Contrast with its potentiality in the largest Archipelago country on the world, shipping industry in Indonesia show unsatisfactory condition whereas its industry’s national growth is below the overall industries growth and industry’s non-performing loan (NPL) rate is higher than national NPL. This condition is caused by the nature of the shipping industry with a high level of business uncertainty and their liability’s structure are dominated by banks and other financial institutions’ long-term debts. This research examines the relationship between financial leverage variable on the debt repayment capacity variable specifically to the banks and other financial institutions. The research population is shipping companies listed in Indonesia stock exchange with a number of samples is 12 companies. The consolidated financial statements in the period between 2014 and 2015 from the selected sample are used in this research. Based on literature review, the variable of company’s leverage is represented by a debt-equity ratio (DER). On the debt repayment capacity variable, the qualitative research method that is Delphi method is applied to define the ratio represented the variable. As the result, the debt repayment capacity variable is represented by Debt Security Coverage Ratio (DSCR). The statistical method that is used in this research is correlation analysis. Correlation analysis is a group of techniques to measure the relationship between two variables that are financial leverage represented by DER and debt repayment capacity represented by DSCR. The result shows that there is a negative correlation between financial leverage that is represented by DER and debt repayment capacity that is represented by DSCR. However, the correlation between them is considered weak with Pearson correlation coefficient less than 0,5 in absolute value or the influence of DER to the DSCR is insignificant.]]>
