ORIGINAL RESEARCH ARTICLE | July 8, 2020
The Effects of External Pressure, Management Commitment, and Human Resources Competence on Financial Reporting Transparency (Study on Regional Work Unit Tangerang District)
Jafril Yudin, Wiwik Utami
Page no 370-379
The purpose of this study is to analyze whether Financial Reporting Transparency can be influenced by External Pressure, Management Commitment and HR Competency by using several indicators in SKPD Tangerang District. Based on empirical results from the questionnaire data distributed, this study found: (1) 1 variable related to the application of financial reporting transparency, significantly related to the weak budget report information presented in published financial statements; (2) 2 other variables namely management commitment and HR competence were not found to be significantly related to the implementation of transparency. Finally, our findings show that pressures from government regulations, political factors and the obligation to use online technology that are considered too open to the public have been proven to influence financial report makers for transparency.
ORIGINAL RESEARCH ARTICLE | July 8, 2020
Theoretical and Sociological Aspects of Leisure Time
George F. Zarotis, Walter Tokarski
Page no 380-387
Our society is undergoing a constant change that encompasses all areas of human life. The importance of work and free time, the two central areas of life, has undergone a major change. The reasons are obvious: work alienation, increasing prosperity and the change in traditional social values have given greater importance to leisure time . But despite the multifaceted social and technical changes over time, people have not realized the character and properties of time. The ultimate goal of this research is the theoretical and sociological approach to leisure time. The method adopted for the study was a review of the relevant literature. In the light of the present study, it is found that problems usually arise rather from human attitude towards time than time itself. The concept of time is comprehensive and encompasses physical and biological as well as psychological and social processes, which overlap and influence each other. The perception of time is not the same but varies depending on the person or the situation. Time seems to have a different qualitative and changing meaning. So, as people and their world change, so does the way they perceive time and the measures they take to deal with it. The way someone interprets past events, or thinks about the present and the future differs to a great extent from person to person. Some people consider their present life as a result of their past attempts; others think less of the past and enjoy life in the present, while others believe in the permanent repetition of already known things. The use of time in the course of the day or the week was the subject of research. No doubt, the 24 hours of the day pass just as quickly whether you are old or young, a woman or a man. Time is a phenomenon that is difficult to comprehend and perceive. Time is not always the same time. But with a closer understanding of the prevailing time apprehension, time budget and time patterns we can identify specific attitude structures towards time. Finally, it becomes clear that today we cannot talk about either leisure time park or leisure time society, since time is to a great extent allocated between managing work, house chores and essential hygiene as well as sleep. Only a few have the power to change their own time pattern and develop new dynamics.
ORIGINAL RESEARCH ARTICLE | July 8, 2020
“A Study on Impact of Cross-Market Spill-Over on Indian Stock Market” (With Special Reference to USA, CHINA, and JAPAN)
Page no 388-399
The term volatility is simply synonymous with risk: in their view high volatility is to be deplored, because it means that security values are not dependable and the capital markets are not functioning as well as they should . It measures how for the current price of an asset deviates from its average past values. The coefficients also suggest spillovers from the returns to the sentiments across markets. The coefficients indicate that high absolute sentiment scores in the stock market are expected to have an increasing influence on the commodity returns and a decreasing influence on the stock returns of the following day.
ORIGINAL RESEARCH ARTICLE | July 8, 2020
Identifying Issues and Measuring Financial Risks: A Case Study of Public Sector Banks in India
Page no 400-405
The Prime objective of the study was to find out the certain financial and operating issues prevailing in the Public sector banks in India. Issues which are identified in the research study includes:(i) Rise in cyber-attacks,(ii) Money Laundering cases,(iii) Non-Performing Assets of public sector banks,(iv) Inability to implement Basel III due to weak capital position, and (v) Challenges in Financial Inclusion along with low profitability of public sector banks about their massive asset base. The research paper also measures the volatility, systematic risk and unsystematic risk associated with 12 banks that are constituents of the S&P NSE banking index (BANKEX) (Nifty Bank INDEXNSE: BANKNIFTY) based on their daily returns. The Research study is to identify financial and operating risks prevalent in the Public Sector Bank. Parameters such as volatility and total risk change with respect to time, vary with bank, and thus need to be measured to enable better investing decisions. The study measures these parameters for stocks included in the S&P NSE’s banking index (BANKEX) (Nifty Bank INDEXNSE: BANKNIFTY). For volatility, the paper calculates the beta value of stocks with reference to the market index (S&P NSE Nifty). While calculating the value of beta acts as an input for further measuring value of systematic as well as unsystematic risk.
ORIGINAL RESEARCH ARTICLE | July 11, 2020
The Influence of Good Corporate Governance, Earning Per Share, and the Characteristisc of the Company on Earnings Management (Case Study at Banking go public Companies Listed on Indonesia Stock Exchange 2015 – 2018)
Fitri Adelina Nasution, Nengzih Nengzih
Page no 406-417
This study aims to examine the effect of the effect of Good Corporate Governance, Earning Per Share, and Company Characteristics on Earnings Management. Good Corporate Governance is measured using indicators of Institutional Ownership, Managerial Ownership, Independent Board of Commissioners, Audit Committee, Earning Per Share, Company Size on Profit ManagementThe banking companies that have gone public are listed on the Indonesia Stock Exchange (IDX) in 2015-2018. The method used is a quantitative method. The population in this study were all banking companies listed on the Indonesia Stock Exchange for four years, namely 2015 - 2018. Determination of the number of samples was carried out using purposive sampling techniques with certain considerations or criteria so that the samples used in this study were 26 companies. Data collection techniques in this study were carried out in several ways, namely by documentation and literature study. The data obtained were then analyzed using the multiple linear regression analysis model using SPSS version 24. However, before multiple regression analysis was performed first, a descriptive statistical regression analysis and a classic assumption test were performed.
ORIGINAL RESEARCH ARTICLE | July 16, 2020
A Study on Consumers’ Brand Preferences Relating to Specific Cosmetic Products among Omani Women
Mrs. Madhu Dhansingh Edwin, Dr. Sabura Mohamed, Mrs. Juvy Vergara
Page no 418-427
The Sultanate of Oman which was once considered to be a very conservative country is now going through a phase of social change wherein her women have more social awareness and are becoming extremely conscious about how they look and present themselves in public. These being the case we can with surety say that this had led to them giving more emphasis to self-hygiene and looks, which has directly led to the increase in the use of cosmetic products. A plethora of cosmetic products both nationally and internationally made now flood the Omani market. This paper aims to study the behavioral patterns towards specific cosmetic products in Oman. However, beauty is not confined to one aspect alone. Hence this paper concentrates on how the Omani women respond to specific brands covering certain specific areas of care such as Personal care products (Beauty), Skin care products (Moisturizers, Hand wash & Perfumes), Hair care products (Shampoos & Oil). Within these areas also as the brands are too many, only certain prominent brands have been selected such as the below given to serve the research:
(i) Beauty – Revlon, Lakme, Elle 18, Forever, Huda Beauty, Gosh, Crème Blind & Inglot.
(ii) Moisturizers – Nivea, Vaseline, Ponds, Jhonson & Jhonsons, Lakme, Bath & Body, Garnier & Dove
(iii) Shampoos – Pantene, Garnier, Dove, Head & Shoulders, Tressame, Sunsilk & Ultra- Doux.
(iv) Oil – Parachute, Nyle, Dabur Amla, Indulekha Bringa, Dabur Almond Oil & Garnier.
(v) Handwash – Dettol, Lifebuoy, Pears, Palmolive, Lux, Dove & Camay.
(vi) Perfume – Oudine Melanie, Victoria secret bombshell, Gucci, Bulgari, Chanel, L’Coste & Paco Robanne.
ORIGINAL RESEARCH ARTICLE | July 21, 2020
Capital Market Reaction in Indonesia Stock Exchange to Stock Split Events Reviewed From Abnormal Returns, Trading Volume and Bid-Ask Spreads in Growing and Good Speaking Companies
Muhammad Nur Madani, Rusdiah Iskandar, Musdalifah Azis
Page no 428-437
This study aims to obtain empirical evidence and analyze differences in abnormal retruns, tranding volume, and bid-ask spreads on companies that grow and companies do not grow before and after the announcement of a stock split and to know the average abnormal retrun and average tranding volume stock and average daily bid-ask spread of share around stock split announcements. This study uses 66 companies listed on the Indonesia Stock Exchange which carried out a 2013-2019 stock split period. Companies grew to 48 companies and 18 companies did not grow. Categorizing cpmpany growth an growth using the ISO (Investment Opportunity Set) proxy MVE/BVE (Market Vakue For Equity Book) Proxy. Data Collection techniques in this study were carried out using a purposive sampling method base on secondary data availabel on the Indonesia Stock Exchane. The method of analysis use the Pried Test t-test sample, Wilcoxon Signed Rank Test and Multiple Regression with IBM SPSS version 22.This study shows that there are significant differnces in bid-ask spreads, friendly tranding volume in companies growing and not growing before and after the stock split, and there are significant abnormal retrun differnces in reef companies but there are not significant differences in companies not growing before and after a stock split and there is a significant influence of average abnormal retrun and the average trading volume of shares simultaneously on the average bid-ask spread around the annoucement of a stock split.
ORIGINAL RESEARCH ARTICLE | July 27, 2020
Analysis of Investment Feasibility of 25mw Power Plant Development Project in Paper Factory in Karawang in Financial Aspects, Technology and Environmental
Rosalendro Eddy Nugroho, Ihsan Maulana
Page no 438-447
Electrical energy is a source of energy needed by industry. This study aims to analyze the feasibility of investing in the construction of a pulp and paper industry power plant in Karawang. Research in terms of aspects of technology, environmental impacts are compared in the application of old technology and new technology. Financial aspects with the capital budgeting method. From the results of studies in the aspects of Technology 29.66 Tons / h Coal can produce 25 MW of electricity and supply steam for paper production. While the old Boiler 28.6 Ton / h only supplies steam for paper production, so that the Power Plant Project is more efficient than production costs and multifunctional technology. From an environmental aspect the technology used for fly ash is using ESP. ESP can not only reduce Sox, Nox, Total Particulate can also eliminate HG and fine dust so that it is safe for the environment and financial aspects of calculations with a payback period showing 3.62 years or 3 years 7 1/2 months, by using a Discounted payback return period is 4.21 Year or 4 years 2.5 months, using a Net Present Value (NPV) of $ 32,513,596.83, using the Internal Rate of Return (IRR) method is 36.88%, and using the Profitability Index (PI) method is 2.29. After comparing with the eligibility criteria, it can be concluded that this project is feasible to be implemented.
ORIGINAL RESEARCH ARTICLE | July 28, 2020
The Effect of Compensation and Motivation on Job Satisfaction and Employee Performance at SMK Medika Samarinda
Piw Dorra Rosalia, Sri Mintarti, Ariesta Heksarini
Page no 448-454
The purpose of this study is to determine the effect of compensation, motivation, job satisfaction, variables on employee performance, and the effect of job satisfaction variables on the performance of employees of SMK Medika Samarinda. The design of this research is explanatory research. This type of research is descriptive research. The method used to collect data in this study is a survey method. The population of this study was 52 employees. In the sample taken by the author using the census method, because the number of subjects is narrow and the author uses a total of 52 employees as a sample. This study uses the Structural Equation Modeling-Partial Least Square (SEM-PLS) approach to analyze data. The results of research on factors that affect job satisfaction and employee performance are as follows: 1) compensation has a significant negative effect on job satisfaction, 2) motivation has a significant positive effect on job satisfaction, 3) compensation has no significant positive effect on employee performance, 4) motivation Not significant positive effect on employee performance, 5) job satisfaction has a significant positive effect on employee performance. As for the indirect effect, the compensation results did not have a significant negative effect on employee performance through job satisfaction as an intervening variable, and motivation had a significant positive effect on employee performance through job satisfaction as an intervening variable. SMK Medika Samarinda in terms of increasing job satisfaction and employee performance needs to pay attention to the variables examined in work activities at school, based on research only job satisfaction has a significant effect on employee performance. This shows that job satisfaction of employees of SMK Medika Samarinda can affect employees at work.