Sebelas Maret Business Review
SMBR publishes both empirical and non-empirical (contextual, descriptive, case-study) articles emphasizing on the recent business issues nationally or internationally. To cope with the current advancement of publishing world especially in academic journal article, SMBR follows the modern-style of article journal presentation. Each article published in SMBR have an outstanding story inside, strong background and contribution, robust analysis and empirical testing, and convincing conclusion and managerial implications. Articles submitted to the SMBR should cover key business disciplines: general management, finance, accounting, marketing, human capital, operations management, entrepreneurship, leadership, strategy, business ethics, Islamic business, and international business. Other topics are welcome, as long as it could stimulate discussions about business. SMBR operate blind review processes for each submitted article to ensure rigorous publishing process.
Articles
92 Documents
<![CDATA[The impact of financial accountability, public monitoring and local head tenure on local government performance ]]>
<![CDATA[Muhtar Muhtar]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 1 (2022): June 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i1.62382
<![CDATA[The study aims at examining the effect of financial accountability, public monitoring, and local head tenure on local government performance in Indonesia. Employing secondary data obtained from the governing bodies in Indonesia, the research generates 508 local governments during 2018-2019 with total of 1016 observations analyzed with panel data regression. Overall, the local governments in Indonesia in average has been able to reach high level performance despite there are still several local governments with only medium level. The empirical analysis reveals that local government financial accountability and public monitoring have positive effect on local government performance. However, local head tenure has no significant effect on local government performance. The study provides several recommendations to improve local government performance. Firstly, local governments should put various efforts in realizing proper financial accountability by improving the governance from budgeting, realization, and financial reporting while also having adequate internal control and procedures. Secondly, the public should have considerable attention on local government activities in performing its functions and responsibilities in which public participation and democratic environment should be maintained.]]>
<![CDATA[Household consumption expenditures and the performance of provincial VAT revenue ]]>
<![CDATA[Widi Astuti Ari Setiyaningsih]]>;
<![CDATA[Khoirunurrofik Khoirunurrofik]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 1 (2022): June 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i1.61014
<![CDATA[This study examines the relationship between household consumption expenditures and the performance of VAT revenue at the provincial level in Indonesia during 2011-2019. Household consumption is divided into food and non-food contests. The PPN performance indicator is shown by the PPN C-efficiency ratio which is calculated from the VAT revenue for each province divided by the VAT rate multiplied by the Consumption GRDP. The results of the regression using the fixed-effect panel data estimation model show a positive and significant relationship between household consumption and VAT revenue in the province. This means that increasing aggregate household consumption, both food and non-food consumption, will increase the VAT-C efficiency ratio. The results also show that an increase in the consumer price index that is not followed by an increase in income will decrease VAT performance. Furthermore, the increase in the share of the tertiary sector as a direction of structural transformation will weaken the performance of VAT receipts. This is possible because the tertiary sector is still dominated by the service sector which is not subject to VAT and the trade sector in which there is a high level of informality.]]>
<![CDATA[The adoption of the Islamic banking service: non-Muslim communities perception and intention ]]>
<![CDATA[Erawati Kartika]]>;
<![CDATA[Ignatius Hari Santoso]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i2.60833
<![CDATA[this study aims to reconfirm the theory regarding the intention to adopt the services of Islamic banking institutions. Respondents used in this study were obtained through the snowball technique as many as 89 non-Muslim communities. the sample was taken using the snowball technique with the main criteria, the respondent had never used the services or products of an Islamic banking institution. This research proves that only the perceived quality of information can have a significant effect by using the constructs of perceived quality of information, perceived benefits, and subjective norms. Previously, the data was analyzed using the bootstrapping technique on the Smart PLS application. One of the interesting findings from this research is that even though the respondents did not understand in depth about the operational mechanisms of Islamic banking institutions, they were informed that the features and explanations of each product offered through the media could be well understood. The main limitation in this study is, of course, the number of samples used. In addition, further research is also needed using more specific questionnaire items on one of the Islamic banking products or services.]]>
<![CDATA[Manifestation of Sharia-based credit in its realization fulfilling needs using a credit system ]]>
<![CDATA[Muhammad Rafli Hidayatullah]]>;
<![CDATA[Novita Anggun Pratiwi]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 1 (2022): June 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i1.55850
<![CDATA[Sharia credit is the provision of money based on a loan agreement or agreement between the lender and the recipient. The recipient must return the money within the agreed timeframe in exchange for profit sharing. This article aims to analyze and explain the description of Sharia credit, distinguish Sharia credit from conventional credit, and the effectiveness of Sharia credit in Indonesia. Sharia credit is a product of Sharia-based financial institutions in which all transactions are exempt from laws violating religion's provisions. The most fundamental difference between Sharia credit and conventional credit is in the remuneration system. Established credit uses interest rates, while Sharia credit uses a profit-sharing system based on an agreement. The results of writing this article show that Sharia credit is more downto-earth than conventional credit with all the advantages possessed by Sharia credit. It does not apply an exciting system but implements a profit-sharing or mudharabah system. Through the profit-sharing system, Sharia credit is hoped to improve the economy by providing financing to those in need without violating Islamic religious rules.]]>
<![CDATA[Gojek -Tokopedia: the desire of Micro, Small and Medium Enterprises to become merchant members ]]>
<![CDATA[Dyah Ayu Rachmawati Dewi]]>;
<![CDATA[Ignatius Hari Santoso]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 1 (2022): June 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i1.58278
<![CDATA[This research aims to identify factors that significantly impact the interest in adopting Tokopedia as the marketplace of choice for micro, small and medium enterprises. By using 100 samples with criteria not yet registered as a merchant member at Tokopedia, this research proves that of the three variables tested, only one variable has been shown to have a significant impact, namely brand awareness. While the other two variables, namely brand ambassador and electronic WoM, had no significant effect. Before running the path analysis using the Smart PLS program, the researcher tested the validity and reliability with the outer loading, average variance extracted, and composite reliability parameters sequentially. Thus, based on the results of this research, Tokopedia can create other activities that encourage increased brand awareness of the brand.]]>
<![CDATA[Determinants of potential bankruptcy of companies during the Covid-19 pandemic ]]>
<![CDATA[Risal Rinofah]]>;
<![CDATA[Rakotoarisoa Maminaina Heritiana Sedera]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 1 (2022): June 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i1.62904
<![CDATA[The Covid-19 pandemic has had a real and widespread impact on all industries in Indonesia, potentially increasing corporate bankruptcy (financial distress). This study examines the effect of financial ratios on financial distress in various industrial sub-sectors on the Indonesia Stock Exchange during and before the pandemic. The research began with creating a financial distress prediction model using the Logistics Regression Model with monetary and macroeconomic ratio data input during 2016 – 2020. The economic distress prediction model will measure financial distress during the Pandemic and Pre-Pandemic Periods. Empirical testing shows that the pandemic affects the ability of financial ratios to predict bankruptcy. Only the debt ratio and sales growth were significant in predicting bankruptcy during the pre-pandemic period, but cash flow could also expect a default during the pandemic. During a pandemic, sales growth is the most important because it is the aspect most affected by restrictions on consumers' social and economic activities.]]>
<![CDATA[The merger of Islamic banks and their impact on the stability of the country's economy ]]>
<![CDATA[Putra Pamungkas]]>;
<![CDATA[Desti Indah Pratiwi]]>;
<![CDATA[Yassine Bakkar]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i2.55845
<![CDATA[Mergers are familiar in economic terms, one of which is in the banking sector. Indonesia's banking sector adopting a dual banking system, namely the operation of conventional and Islamic banks, has caused the Indonesian people to have the choice to entrust their finances to one of the two types of banks. Not long ago, the Indonesian government announced that the three Islamic banks, which are part of the three conventional banks, would merge and change their name to Bank Syariah Indonesia (BSI). Of course, this decision is not easy, but it is a decision taken after careful consideration from the banking and economic perspective. Based on data from OJK, the total assets in the second quarter of Islamic banking in 2021 after the merger was recorded to have increased by 16.4 percent compared to the previous year’s period. This increase is in line with Bank Syariah Indonesia (BSI) financial report data in the first and second quarters, namely with second quarter total assets of 481 trillion rupiah and second quarter total liabilities of 435 trillion rupiahs. Based on these facts and data, this article aims to determine the impact of the merger of the three Islamic banks on the strengthening and stability of the Indonesian economy by comparing data from before and after the merger of Islamic banks in Indonesia.]]>
<![CDATA[Anti-corruption and disclosure ownership structure of company value using risk as an intervening variable ]]>
<![CDATA[Refina Shinta Valentina]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i2.65755
<![CDATA[This research was conducted to determine the effect of anti-corruption disclosure on company value through risk as an intervening variable. Employing secondary data obtained from annual financial report data, Corporate Social Responsibility reports, and sustainability reports of mining companies listed on the Indonesian stock exchange, this research produced 56 samples during 2019, with a total of 73 populations using a purposive sampling technique. Companies in Indonesia have an average high company value, so the public's view of the company's welfare is also high. However, there are several companies whose share prices could be more stable. The analysis technique in this study uses Smart PLS. Descriptive analysis and statistics reveal that anti-corruption disclosure and ownership structure have no significant effect on the risk and value of the company. However, trouble has a substantial impact on company value. This research provides several suggestions to increase company value. Companies should publish complete financial reports accompanied by CSR reports and sustainability reports, make anti-corruption commitments, pay attention to risk, and manage the ownership structure by using domestic ownership at a certain level. For investors, it is better to diversify your investment by investing in an optimal portfolio of several profitable stocks.]]>
<![CDATA[The development of sharia based micro waqf banks as a form of MSME empowerment ]]>
<![CDATA[Hanun Aulia Yasmin]]>;
<![CDATA[Elita Putri Ayu Nur Makrufah]]>;
<![CDATA[Elvaretta Aldora Coriawan]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 1 (2022): June 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i1.55834
<![CDATA[Poverty is one of the big problems for many countries in the world, both developing and developed countries. Poverty in Indonesia itself has become a prolonged problem that until now has not found a solution. According to data from the Central Statistics Agency or BPS, the percentage of urban poor in Indonesia in September 2020 reached 7.88 percent. This figure increased to 7.89 percent in March 2021. This condition is reversed compared to the number of poor rural people in Indonesia. In September 2020, the percentage of rural poor in Indonesia reached 13.20 percent, but this number decreased to 13.10 percent in March 2021. Seeing these conditions, the government strives to reduce poverty every year with various strategies. One of the strategies implemented by the government to reduce poverty in Indonesia is the empowerment of Micro, Small, and Medium Enterprises (MSMEs). The problem is MSMEs in Indonesia find it challenging to develop due to their limited capital. To avoid new problems and overcome public confusion regarding capital, the government launched a micro waqf bank, commonly abbreviated as BWM. Micro waqf bank is a sharia microfinance institution that aims to empower the lower middle class. Micro waqf banks provide capital assistance for the lower middle class, who may need access to formal financial institutions. In addition, micro waqf banks also offers help to their customers. This research aims to understand and learn more about the systematics and development of micro waqf banks in empowering MSMEs in Indonesia. The research method used in this research is descriptive qualitative by collecting data from various secondary sources.]]>
<![CDATA[Financial inclusion, financial management, and micro business performance ]]>
<![CDATA[Risal Rinofah]]>;
<![CDATA[Hasti Nugrahaning Tyas]]>;
<![CDATA[Ratih Kusumawardhani]]>
<![CDATA[ Sebelas Maret Business Review Vol 7, No 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Sebelas Maret ]]>
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DOI: 10.20961/smbr.v7i2.70674
<![CDATA[This study aims to determine the effect of financial inclusion, quality of financial management, and financial management on the financial performance of MSMEs at Wonosari Culinary Park, Gunungkidul. The strategy in this study uses a quantitative approach. The sampling technique used a saturated sampling method with a sample of 69 respondents and then tested. Quantitative data in this study is data sourced directly from respondents presented in the form of a Likert scale-data collection technique used to distribute questionnaires or questionnaires. The data processing statistical method used is descriptive statistics and Partial Least Square (PLS) with the SmartPLS version 3.0 program. The results show a significant effect of financial inclusion on financial performance, a significant effect of the quality of financial management on financial performance, and a significant effect of financial management on financial performance.]]>
