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International Conference on Law, Business and Governance (ICon-LBG)
Published by Universitas Bandar Lampung
ISSN : 23391650     EISSN : -     DOI : -
Core Subject : Social,
Law, Crime, Criminology & Criminal Justice
In this proceeding contains papers that get submitted and presented at The International Conference On Law, Business and Governance 2013. Conference organized by the Bandar Lampung University on 22-24 October 2013, held at the graduate campus, Bandar Lampung University (UBL), Lampung, Indonesia.
Arjuna Subject : -
Articles 113 Documents
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The Influence of Audit Committee Quality and Internal Auditor Objectivity Toward The Prevention of Fraudulent Financial Reporting(A Survey in BUMN of Indonesia) Angrita Denziana
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

It requires information quality, and free from distortion. Some cases both nationally and internationallyindicate the occurrence of irregularities in financial reporting due to the weakness ofthe company'sinternal control system, and the audit committeehas not functioned optimally, resulting in low quality offinancial reporting. The research study uses explanatory method. The data were collected through surveytechnique by distributing questionnaires to SOEs in Indonesia. The respondents involve audit committeeand internal auditors. Before the data were used to test the hypothesis, it should tested the validity andreliability of data. The data have been analyzed by using partial lisquare descriptive analysis modeling totest the hypotheses.The results concluded that, 1) the quality of the audit committee have affect on the prevention offraudulent financial reporting, 2) objectivity of internal auditor have affect on the prevention of fraudulentfinancial reporting.
Tourism Investment, Supply and Demand in Indonesia: Impact and Factor Analysis Faurani Santi; Rina Oktaviani; Dedi Budiman Hakim; Reni Kustiari
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

Tourism is one of the most significant contributors to the Indonesia growth of economy, based on datafrom the Indonesia Central Bureau of Statistics in 2012, the share of national tourism to GDP is 13.9percent and of course the contribution of the sector to be helpful for the growth of the national economy,through foreign exchange earnings as revenue from tourist consumption. Besides that, it has provided amultiplier effect to other sectors which related to the sectors. Therefore, an improving of the contributionis a one of government’s effort to boost economic growth and increasing the welfare, thus the increasingof tourism investment and trade will be focus in the tourism development program. Meanwhile, theIndonesia Coordinating Board (BKPM) stated the average national investment for the tourism sector isRp. 2.73 billion or 6 percent from total investment during 2006-2012, in other words an investment intourism sector has not been able to provide optimal contribution to the national economy developmentconsidering to its potential.The purpose of this study was to analyze the determinants of investment, demand and supply ofIndonesian tourism sector. Regarding to answer the problems, this research used series data from 1990 –2012 periods, by using simultaneous model (2SLS) the model analyzed impact of investment, andinternational trade of Indonesia tourism sector to the national economic growth. Based on the Two StagesLeast Squares method on simultaneous model, the results of the analysis gives some conclusions including: (1)tourism arrivals, tourism expenditure, investment, consumption price index, total consumption, governmentspending, export and import tourism affected the national tourism demand, (2) Current investment andinvestment on previous year, total consumption on previous year, and travel warning have positive impact tonational tourism supply, (3) GDP was the most influenced variable beside Indonesia tourism price andneighbor countries’ tourism price as competitors of Indonesia tourism. Finally, the simulations showed thefiscal and monetary policy impact to the national economic tourismsector.
The Implication of Opportunistic Behavior Towards a Financial Report Conservatism : A Study of Banking Company Go-Public at BEI Novi Darmayanti; Nur Suci Mei
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

Backgraund of study Opportunistic behavior is a conflict of interest between investors and creditors due to the tendency of investors in undergoing a wealth transfer from creditors (Fama, 1978a; 1978b). Kreditors urges a rather high interest rates and the implementation of a more conservative financial report method (Jong and Dijk, 1999). The concept of opportunistic behavior is divided into three: (1) in terms of direct transfer of wealth, the dividend payments is too high and fund sources from the debt tends to become a major priority (Smith and Warner (1979); (2) In the case of asset substitution, in which a company is involved in the high-risk projects (Jensen and Meckling (1976); (3) in the case of underinvestment, in which investment prospect and growth will not be implemented by investors unless there is a loan from the creditors. These three concepts leads to the wealth transfer from creditors to investors. In short, investors prefer funding obtained from debt. In other words, the higher the debt of a company, the more potential opportunistic behavior between investors and creditors (Fama dan Miller, 1972). Those three concepts become main factors of financial report conservatism. The trickery cases in Indonesia ultimately indicate the low level of conservatism implemented by a company in order to make their financial report (Ahmed et.al, 2002). Therefore, it becomes a motivation in this study and only a few studies were conducted, particularly in Indonesia (Ahmed et. al, 2002). The problem of the study. According to the background stated before, the problem of this study is whether opportunistic behavior influences financial report conservatism. Opportunistic behavior conducted in this study is associated with the rate of operation uncertainty, the rate of dividend payments and the debt rate. The aim of the study (1) To examine the accounting conservatism from its upside parts, especially on its relation with debt contract and dividend payments; (2) To examine the phenomenon of debt contract and dividend payments that potentially generates opportunistic behavior regarding the dividend policy. Related Studies. Qiang (2003) stated that investors are able to transfer their wealth from creditors using a high dividend payments, a new debt funding, and transfer, acquisition or assets removal. In order to manage this conflict, the restrictions of dividends, capital structure and assets conversions. In order to deal with the problem, the pembatasan dividen, capital structure, and change of aktiva. Hirshleifer and Thakor (1992) stated that the pembatasan is usually included in perjanjian debt. Therefore, creditors tend to prefer a conservative financial report. Manager urges to minimize the debt cost of company. A company can lower its debt cost by considering a more restricted limitation rules regarding divident payments and must implement the conservative accounting. In the studies conducted by Qiang (2003) and Hirshleifer & Thakor (1992), there were not any discussions about the implication of opportunistic behavior towards financial report conservatism. Hence, it is essential to have a further study regarding this problem. Methods of the Study Quantitative method. Secondary data. An analysis unit is a perusahaan perbankan that go-public at BEI during 2011-2012. The hypothesis of the study is that there is an implication between opportunistic behavior and financial report conservatism. The hypothetical examination was conducted by applying logistic regression, while the tools of analysis implemented SPSS.The Implication for Business Practices / Practical Contribution (1) A manager is able to consider the decision-making, particularly related with opportunistic behavior, towards financial report conservatism, (2) An accountant tends to be more conservative in making and presenting the financial report based on SAK. Theoretical Contribution this study contributes to Market Based Accounting Research. 
The Influence of Management Information System to Management Control System Sihar Tambun; Vienda A. Kuntjoro
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

Purpose – The purpose of this paper to recognize the most important indicators of managementinformation system that can influence the management control system.Design/methodology/approach – this study uses meta-analysis as the explanation approach as findingout the indicators of management information system that can influence the management control systemmay necessary be approved by empirical study for the next future research.Finding – The indicators of management information system supporting the quality of managementbefore the management control system can be fully implemented.Originality/value – The characteristic of each indicator of management information system brings theinformation that shows the result from that information so that by studying this information at eachdifferent kind of situation will affect not only management quality but also the different strategy ofmanagement to applied control system based on the knowledge management level.
Using Altman Z-Score Model and Current Status Of Financial Ratio to Asses Of Consumer Goods Company Listed in Indonesia Stock Exchange (IDX) Yoppy Palupi Purbaningsih
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

This study aims to assess the financial condition of the companies listed on the Indonesia Stock Exchange (IDX) using a model of financial distress prediction Edward Altman Z-score and the Current Ratio. The population in this study consisted of 33 Consumer Goods Company at the period 2009-2010 in Indonesia Stock Exchange (IDX). The data used is secondary data obtained from the companys financial statements. Testing hypotheses using paired sample t test..Results of this study found that There is a significant difference between the use of Altman Z-score and Current Ratio method in determining the financial condition of Consumer Goods Companies listed in Indonesia Stock Exchange (IDX). In addition there is the Financial Distress in Consumer Goods Company listed on the Indonesia Stock Exchange (IDX). From the results of this study can be concluded that Altman Z-Score model and the current ratio is a useful tool for investors to predict the companys financial failure.
Local Handicraft Development Policy Implementation Ani Heryani
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

Implementation of development policies determined by the local craft idealized policy, the target group, the implementing organization and the environmental factors. In policy implementation was also associated with a growing factor in the value of both the organization and the implementing organizations target group, this value in the form of attitudes and behaviors of the organization actors can form political values, organizational values, personal values and the values that guide a persons policy in making decisions.Total synergy of policy implementation pattern that has been arranged and the creation of partnerships between the target groups, policy implementers, responsive to the dynamics of the environment and attention to developing the values that are expected to create the establishment craft development towards increased prosperity for the region and the local community in general.
Child Protection Strategies at Agrarian Conflict Area(A Case Study at Moro-Moro Village, Register 45, Mesuji Regency) . Wijatnika
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

Moro-Moro community understands that education is one of the most important parts of human basic right, especially at agrarian conflict area. There are several points that Moro-Moro community provides for child protection by education: 1) established school committee and gained some voluntary teachers, 2) established some school buildings, 3) integrates system to ‘main office, 4) finding scholarship for some students who continue to higher education, and) send back some graduates to teach at some school at Moro-Moro. This paper is aim to explain those points as fundamental strategies to actualize child welfare at agrarian conflict area.
Urgency of Regulatory Priorities Watershed in Order To Conduct an Integrated Watershed Administrative Law In Indonesia I Gusti Ayu Ketut Rachmi Handayani
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

Watershed destruction also triggered the destruction of the water catchment area around the peak. Has led to the destruction of Ciliwung river discharge rapidly changing. Integrated Destruction of Ciliwung watershed is one of the causes that make Jakarta will not be free from floods. Ciliwung watershed management is resource management efforts involving various parties who participate from the planning stages through to monitoring and evaluation. Classification is based on the Government Regulation No. 37 in 2012 that 8 (eight) watershed in the watershed JABODETABEK, Angke-Pesanggrahan, DAS of Krukut, DAS of Ciliwung, DAS of Buaran, DAS of Sunter, DAS of Cakung, and DAS of Cisadane and DAS of Bekasi, a restored watershed carrying capacity and categorized as Priority One. Optimization of central and local governments in order structuring regulation is needed in order to administration of law of integrated watershed management.
Bank Indonesia Law Relations With The Financial Services Authority (FSA) in Indonesian Banking Supervision Zulfi Diane Zaini
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

With the presence of FSA, the supervision function of financial institutions, banks and nonbanks,will be taken over by FSA. Meanwhile Bank Indonesia as the Central Bank only acts as a regulatorto keep monetary policy for monetary stability. The formation of FSA will thus have an impact tochanges on four laws and regulations related to insurance, capital markets, banking, as well as the CapitalMarket Supervisory Agency and other financial institutions. Substantially the presence of FSA mustbridge the importance of each monitoring regulator at this moment.The duty of FSA in accordance with Article 6 of Law Number 21 Year 2011 regarding FSA ie:To carry out regulation and supervision of financial services activity in the banking sector, activities offinancial services in the Capital Market, activity in the financial services in insurance sector, pensions,funding agencies and other financial services institutions.Institutionally, FSA is outside the Government which means that FSA is not part of thegovernment authority. However there is a possibility of government representation elements existencebecause in reality FSA is the authority in the financial services sector that has strong relationships andlinkages with other authorities, in this case the fiscal authority (Minister of Finance) and the monetaryauthority (Bank Indonesia).The provision of Article 69 paragraph (1) letter (a) of Law no. 21 year 2011 asserts that the taskof Bank Indonesia in regulating and overseeing banks that are moved to FSA is a job of arrangements andsupervision related with microprudential, while Bank Indonesia still has a job related to macroprudentialbanking arrangements. Associated with it, the task of banking regulation is not fully implementedindependently by FSA because microprudential and macroprudential regulation would be highlyrelevant. Thus it can be seen that FSA still has a "special relationship" with Bank Indonesia, especially inbanking regulation and supervision .
Urgently of Harmonization of National Legislation on Juvenile Criminal Justice Towards International Standards: A Review of Rules of Deprivation of Liberty of Child Offender Antonius Ps Wibowo
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

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Abstract

As a State Party to the Convention on the Rights of the Child (hereinafter: the CRCConvention), Indonesia is obliged to implement fully the Convention. For this purpose, Indonesiahas to undertake some measures, among others to undertake all appropriate legislative measuresfor the implementation of the rights recognized in the Convention. Legislative measures in thisregard include harmonization national legislation towards international standards.This paper aims to examine one problem, namely why harmonization of national legislationconcerning deprivation of liberty of child offender to international standards is urgent. This willbe answered by pointing out discrepancies between national legislation and internationalstandards based primarily on legal document analysis.Refer to the analysis, first reason for doing harmonization is current national legislation stilldiffers greatly from the CRC Convention. At one side, according to the CRC Convention, ruleson deprivation of liberty are: (1) deprivation of liberty shall be used only as a measure of lastresort; (2) deprivation of liberty shall be used for the shortest appropriate period of time; (3)States Parties ensure by strict legal provisions that legality of deprivation of liberty is reviewedregularly. At the other side, according to national legislation, especially Act no. 3 of 1997, ruleson deprivation of liberty are: (1) deprivation of liberty, includes pre-trial detention is possiblewhen a child has committed an offense punishable by a minimum sentence of five yearsimprisonment; (2) the maximum duration of deprivation of liberty is 175 days; (3) there is noprovision on reviewing regularly of deprivation of liberty.Second reason is Act no. 11 of 2012 that will eliminate Act no. 3 of 1997 and enter in to forceat July 2014 does also not conform to the CRC Convention. According to Act no. 11 of 2012,rules on deprivation of liberty are: (1) deprivation of liberty will not be used if child offenderguaranteed by parents or other relevant institution; (2) deprivation of liberty is unavoidable incase child offender has committed an offense punishable by a minimum sentence of seven yearsimprisonment and child has attained fourteen years old; (3) there is no provision on reviewingregularly of deprivation of liberty.Recommendation that should be carried out is to amend urgently the Act no. 11 of 2012 inlight of the CRC Convention

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