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The impact of diversity and educational backgrounds of executive boards on Indonesian bank performance
Putri, Arisma Solicha;
Mandala, Eka;
Harahap, Muhammad Farhan Hakim;
Adinur, Reyhan Satria;
Ahad, Sasi Waliyul;
Hanggraeni, Dewi
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5154
This study identifies and analyzes the relationship between the diversity of the board of directors and the president director's educational background on the bank's financial performance. Based on 38 samples of Indonesian banks that have been listed on the Indonesia Stock Exchange. This study examines the static and dynamic relationship between the framework, which controls for the specific effects of each of the factors being tested. The results of this study indicate a significant influence and direction of negative correlation between gender diversity and citizenship diversity on bank financial performance. This study also shows a significant influence and direction of a positive correlation between the president director with an economic or business education background on the bank's financial performance. This study also discusses several managerial implications for banking companies and recommendations for the government in relation to the regulation of the board of directors of banks in Indonesia. DOI : https://doi.org/10.26905/jkdp.v25i2.5154
The Effect of State Budget Ratification and Expenditure on The Indonesian Capital Market : An Empirical Study on The LQ 45 Index Shares
Agus Bandiyono;
Priska Amalia
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5134
This study analyzes the market reaction to the State Revenue and Expenditure Budget (APBN) ratification using the event study method. The population in this study were all companies listed on the LQ45 index on the Indonesia Stock Exchange during the period 2009 to 2018, which could reach 101 emissions with a sample of 17 emissions through the purposive sampling technique. The criteria used in selecting the sample were that the stock was consistently in the LQ45 index from 2009 to 2018; the stock was active during the observation period. The share issuer does not take corporate action during the observation period to minimize the confounding effect (confounding effect). The analysis technique uses a paired sample t-test five days before and five days after the ratification of the State Budget (APBN). The results showed that the significant ratification events did not significantly differ in the average abnormal return and the average trading volume activity between before and after the event. There is no significant difference because market players have anticipated the information contained in the ratification event at the initial stage of its preparation. DOI : https://doi.org/10.26905/jkdp.v25i2.5134
The Effect of Trust and Brand Image on Customer Retention with Customer Loyalty as Intervening Variables to Customers of Sharia Commercial Banks
Ricadonna, Nadia Adriane;
Saifullah, Muhammad;
Prasetyoningrum, Ari Kristin
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5145
Sharia banking is currently facing a very competitive industry era. Customer retention is one of the phenomena confronted by Islamic banks in Indonesia. Therefore, the problem in this research is how to increase customer retention in the Islamic banking sector. This study also aims to test and analyze the effect of trust and brand image on customer retention with customer loyalty as an intervening variable. A total of 100 customer respondents who have saving accounts for more than five years at Sharia Bank filled out the questionnaire in this study. The collected data were processed using the Smart PLS program with measurements of the inner and outer model tests. The test results proved that trust, brand image, and customer loyalty positively and significantly affect customer retention in Islamic commercial banks. Meanwhile, indirect testing proved that the customer loyalty variable could mediate customer trust and retention variables. However, it is unable to mediate the brand image variables on customer retention. DOI : https://doi.org/10.26905/jkdp.v25i2.5145
Earning Quality Effect on Stock Returns: GCG and CSR Mechanism
Permata Sari, Diah;
Setiyawati, Hari
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5528
This study explores the effect of corporate governance mechanisms and disclosure of corporate social responsibility on earnings quality and the effect on stock returns. The mining sector research analysis is indexed on the Indonesia Stock Exchange for the period 2014 to 2018. The research method used is causal research, with the analysis method used is multiple linear regression. The sampling technique used purposive sampling. The results showed that Managerial Ownership, Institutional Ownership, Independent Commissioners, and CSR disclosure did not affect earnings quality, while the Audit Committee and Stock Returns significantly affected earnings quality. This study's findings contribute to financial performance, particularly the relationship between corporate governance, CSR disclosure, and earnings quality. These findings can be a consideration for investors in making policies on their investments. DOI : https://doi.org/10.26905/jkdp.v25i2.5528
CSR Spendings of Indonesia's IPO Prospectuses
Zuraida, Zuraida;
Sugianto, Sugianto
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5559
To raise large amounts of capital, companies usually conduct Initial Public Offerings (IPOs), which allows them to reach large numbers of potential investors. Prospectuses are used to inform the public of the nature and prospects of these offers. The prospectus contains financial and non-financial information such as Corporate Social Responsibility (CSR) spending. However, the level of disclosure is usually not uniform across companies. This study examines the nature and factors influencing CSR spendings disclosed by Indonesian companies in the prospectuses for the period 2012 - 2019. Research data was hand-collected and analyzed using descriptive statistics, Pearson correlations, and multiple regressions. The findings show that most companies disclose CSR efforts; fewer companies reveal the amount spent on CSR activities. Among companies disclosing CSR spending, more spending is allocated in the years leading to the IPO date (y) compared to previous years. Thus spending on y is relatively higher than y-1, follows by y-2 and y-3. CRS spending has a positive and significant relationship with company size. These findings are consistent across alternative model specifications. This study made an essential contribution to the CSR literature by providing Indonesia's first empirical evidence on the CSR expenditure in IPO prospectuses. DOI : https://doi.org/10.26905/jkdp.v25i2.5559
Volatility Spillover Among Asian Developed Stock Markets to Indonesia Stock Market During Pandemic Covid-19
Panjaitan, Yunia;
Novel, Rizky
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5532
This study aims to analyze the transmissions of volatility spillovers from China, Singapore, South Korea, and Japan stock markets to the Indonesian stock market and prove an asymmetric effect on spillover volatility. The data retrieved from the stock index of each country in the period 2020. The analytical method used is the Exponential GARCH (EGARCH) specification developed by Nelson (1991). The results of data analysis show that there was no spillover of volatility from the stock markets of China, Singapore, South Korea, and Japan to the Indonesian stock market. The data analysis results also showed an asymmetric effect on the spillover of volatility from the stock markets of China, Singapore, South Korea, and Japan to the Indonesian stock market. DOI : https://doi.org/10.26905/jkdp.v25i2.5532
Factor Influencing Job stress during Covid-19: Empirical Evidence from Bank Syariah Indonesia
Masyhuri, Masyhuri;
Pardiman, Pardiman;
Siswanto, Siswanto
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5537
Research on job stress on employees who carry out work from home is rarely studied, so this research is essential considering that Covid-19 impacts the Indonesian Islamic banking industry. This article aims to analyze work-family conflict mediated by an organizational commitment to job stress at Bank Syariah Indonesia employees. The sample was Bank Syariah Indonesia employees who were scattered in several areas in East Java as many as 197 respondents from various branch offices and units. Questionnaires are distributed via google form as direct data collection from respondents. Furthermore, the data were analyzed using structural equation modeling partial least square (SEM-PLS), which was then used to answer the research hypothesis. The results showed work-family conflict affects employee job stress. Work-family conflict affects organizational commitment, organizational commitment has a significant effect on job stress, and organizational commitment mediates work-family conflict on job stress. Implications for further research suggest comparing job stress during the pandemic and after the pandemic. The theoretical contribution of this research supports conflict theory and scarcity theory which says that stress in one role can limit an individual's ability to fulfill other roles, which will lead to work-family conflict. DOI : https://doi.org/10.26905/jkdp.v25i2.5537
The Role of Good Corporate Governance to Fraud Prevention: An analysis based on the Fraud Pentagon
Rohmatin, Binti Lailatur;
Apriyanto, Gaguk;
Zuhroh, Diana
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5554
This study aims to analyze the relationship between the causes of fraud, good corporate governance, and fraud. This study is a descriptive study tested using logistic regression analysis. This study used 27 samples of banking companies from 44 banking companies during 2016-2019, so there were 108 observations. This analysis shows that competence and opportunity have a significant positive effect on fraud, but rationalization, pressure, and arrogance have no effect on fraud. This research also revealed that good corporate governance could minimize the influence of opportunity and rationalization on fraud, but good corporate governance strengthens the competence Impact on Fraud. Meanwhile, pressure and arrogance are not moderated by good corporate governance. DOI : https://doi.org/10.26905/jkdp.v25i2.5554
Information and Communication Technologies (ICTs) Adoption by MSMEs and Local Poverty: An Empirical Evidence from Indonesia
Hanggraeni, Dewi
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5343
This paper aims to examine a relationship between the adoption of Information and Communication Technologies (ICTs) by Micro, Small, and Medium Enterprises (MSMEs) and local poverty in Indonesia. Previous literature has shown that the adoption of ICTs is a significant catalyst to increasing a nation’s productivity from a macroeconomic perspective. This has imposed a new debate among researchers whether the adoption of ICTs can contribute to a more specific economic development goal: reducing poverty. Some researchers argue that the means of a broader economic development can be obtained through the informal sectors, MSMEs. Therefore, this paper argues that in order to find a more satisfactory result, the role of ICTs adoption in reducing poverty needs to be examined from within a more specific economic agent—the MSMEs. To test the hypothesis, we run OLS regression models with province and year fixed effects on our MSMEs survey data and local poverty measures. The results show a robust, negative relationship between the adoption of ICTs by MSMEs and the number of poor populations in the corresponding region, controlling other factors. DOI : https://doi.org/10.26905/jkdp.v25i2.5343
Gender on Board and the Impact to Firm Performance through Innovation as Mediating Variable: Evidence from Indonesian non-Financial Firms
Hasina, Zahwaril;
Bernawati, Yustrida
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang
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DOI: 10.26905/jkdp.v25i2.5462
This study examines the effect of gender on board on firm performance in Indonesia through innovation as mediation. The independent, dependent, and mediating variable used in this research is the gender of the board of directors, firm performance, and innovation. This analysis uses Indonesian non-financial firms that perform any innovation activities and are listed on the Indonesian Stock Exchange in 2009-2019 as our sample. The method used in this study is the quantitative method and processed by using SPSS tools to test the hypothesis. The results showed that gender onboard has no effect on firm performance directly but positively affects innovation. Meanwhile, innovation has a positive effect on firm performance. Then gender on board has a positive impact on the firm performance through innovation as the mediation variable. The novelty of this research is to add an innovation variable to clarify the effect of gender on board to the firm performance. This research can be used to consider companies and other policymakers to determine the board in the company.DOI : https://doi.org/10.26905/jkdp.v25i2.5462