Indonesia Conference Directory

Corresponding Author
Yunus Arifien

Institutions
Universitas Nusa Bangsa
Program Pascasarjana Ekonomi Pembangunan

Abstract
Bogor Regency produces agricultural products, especially paddy and horticulture. In the last decade, agricultural products has been decreased significantly. It can be seen from the decrease of contribution of agricultural sector to the GDP of Bogor Regency. At the same time farmers income has not been improved even it is examined based on the exchange rates faced by farmers. The agricultural exchange rate has been declined. The development funding and agricultural development are supplied by government and non-government. The aims of this study are (1) to analyze potential sectors which have comparative advantages and specialties to be developed and (2) to analyze the role of the agricultural sector, especially paddy, on economic growth. The researh method used is Location Quotient analysis, shift share, typology and regression. The results of the research are that the basic sectors in West Java Province are agriculture, forestry and fisheries; processing industry; and construction. The addition of budget allocations to the agricultural sector, such as training, seed and equipment assistance to farmers have contribution on economic growth. The development of the economic sector can be directed at efforts to create home industry centers on the basis of local excellence in West Java Province. It is also necessary to increase the productivity of the primary sector by implementing appropriate technology, increasing farmers welfare, increasing added value and marketing agricultural products.

Keywords
Agricultural sector, base sector and economic growth

Topic
Economics

Link: https://ifory.id/abstract/GvK3Q79d2ahJ

Corresponding Author
Jhonni Sinaga

Institutions
Universitas Mulawarman

Abstract
The aims of this research are to test and analyze either direct or indirect effects of capital structure, firm growth, and profitability on firm value with dividend policy and corporate social responsibility (CSR) as moderators. Secondary data from the quarterly financial statements, annual reports, sustainability reports, and other reports of oil palm plantation companies listed in the Indonesian Stock Exchange for the period of 2009 - 2017 are used. Refer to recapitulations, the data that meet the criteria for the analysis are from 5 companies of the 16 companies listed. The research results show that the negative and highly significant effect of capital structure on the firm value during the period of the not stable global economy marked by the downward trend of crude palm oil (CPO) sales price can be mitigated or changed to become positive and significant by increasing the dividend payment onward the optimal stage consistently and also by implementing the optimal and consistent CSR. The positive and not significant effect of capital structure on the firm value through the company growth can also be mitigated or changed to become positive and significant by increasing the dividend payment onward the optimal stage consistently. Moreover, the thorough and accurate consideration on marginal benefits and costs of using the long term bank loan or obligation to finance the company operation becomes more essential to the company management due to the long investment period of oil palm estate (3 years). The company growth and profitability do not mediate the direct effect of capital structure on the company value either individually or together. The company growth that stimulates the increase of the profitability cannot strengthen the direct effect of capital structure that is dominated by the long-term debt on the company value. The company growth does not mediate the direct effect of capital structure on the profitability and the profitability does not mediate the direct effect of company growth on the company value.

Keywords
Capital structure, Company Growth, Profitability, Firm Value, Dividend policy, and Corporate Social Responsibility (CSR).

Topic
Economics

Link: https://ifory.id/abstract/HzVrnxDCYg4T

Corresponding Author
Asep Supriatna

Institutions
1) Department of Industrial Engineering, Langlangbuana University
Bandung – West Java 40261, Indonesia

2) Department of Mathematics, Padjadjaran University
Bandung – West Java 45363, Indonesia

Abstract
This paper study the economic aspects of the application of Internet of things (IoT) for vehicle used to support operations in the public transportation system. A vehicle will experience deterioration (decreased reliability) with the rate of use and age. To maintain high availability and improve vehicle reliability, condition-based maintenance is used to reduce the occurrence of damage and downtime. The degradation process is considered to be influenced by age, usage and operating condition. The use of the IoT has been proved to be economically feasible in reducing the cost of maintenance.

Keywords
IoT, maintenance, expected profit

Topic
Economics

Link: https://ifory.id/abstract/PLeJKTcWgpkn

Corresponding Author
Muhammad Hasyim Ibnu Abbas

Institutions
a) Faculty of Economics, Universitas Negeri Malang, Malang, Indonesia, * muhammad.hasyim.fe[at]um.ac.id

b) Pusat Pelaporan Analisis Transaksi Keuangan (PPATK), Jakarta, Indonesia

Abstract
Internet technology as the basis of the 4.0 industrial revolution has made major changes for people in communicating and seeking information. Internet has made people easier to find information they need, even the smallest thing in their lives. Those easiness are often abused by irresponsible people by spreading false news, defamation, and hate speeches. Fake news, as known as Hoax, is a biggest problem that most often occurs in this digital era. With the increasing number of hoaxes spread, it raises the question of how someone actually considers making or spreading the news that false and tends to be slanderous. To answer the question, I, in this paper, use the economic approach. One of economic approaches which used to analyze criminal behavior is Game Theory. Using a game theoretic, this paper analyze the hoax from the economics perspective. The Inspection Game refined by Pradiptyo is the role model for the analysis. The game shows that any attempts to increase the severity of punishment will not certainly reduce the likelihood of the (potential) hoax creator to create hoax contents.

Keywords
Hoax; Game Theory; Inspection Game

Topic
Economics

Link: https://ifory.id/abstract/weFPbZ8n3a6t

Corresponding Author
Oktavian Yodha Utama

Institutions
STIE Bank BPD Jawa Tengah
Jalan Pemuda No.4A, Kauman, Kec. Semarang Tengah, Kota Semarang, Jawa Tengah 50139

Abstract
This study aims to determine the effect of BI rate, USD to IDR exchange rates, and gold price on stock returns listed in the SRI KEHATI Index for the period January to December 2018. Based on the type of data, this research is quantitative research. The population in this research is all companies listed in the Indonesia Stock Exchange. The sample is determined by using purposive sampling method with criteria such as companies that had entered to the SRI KEHATI index from January to December 2018, companies that entered to the SRI KEHATI index respectively from January to December 2018, companies that reported the 2018 monthly financial report, companies that were not suspended by the IDX during the study period so that obtained a sample of 23 companies with total data is 268. The data sources used in this study were obtained from the monthly statistics of the Indonesia Stock Exchange in 2018. The analysis tool in this study is the classic assumption test, multiple regression analysis, and hypothesis testing by using the SPSS program (Statistical Package for Social Science) 21. The results show that the BI rate has a significant positive effect on stock returns, the USD to IDR exchange rate has a significant negative effect on stock returns, and gold price does not have a significant effect on stock returns.

Keywords
Stock Returns, BI Rate, USD to IDR Exchange Rate, Gold Price, SRI KEHATI Index.

Topic
Economics

Link: https://ifory.id/abstract/Auaj2DNRPMH9

Corresponding Author
Dede Nasrullah

Institutions
(a,b,c) Faculty of Economics and Business, University of Muhammadiyah Surabaya
*dienafdloka[at]gmail.com

Abstract
Indosat Ooredoo (owned by PT. Indosat Tbk., Previously named Indosat) is one of the companies providing telecommunications services and networks in Indonesia. The company offers communication channels for telephone users with prepaid and postpaid options with brands selling Matrix Ooredoo, Mentari Ooredoo, and IM3 Ooredoo. IM3 Ooredoo is able to capture a broad market share, especially among adolescents, especially on students. IM3 Ooredoo also provides multimedia, internet and data communication services (MIDI = Multimedia, Internet, & Data Communication services). The method of approach to this research was a quantitative approach, the technique of collecting data with questionnaires and the sampling technique used was accidental sampling with a total of 60 respondents. The analytical method used was the method of multiple linear regression analysis using the normality test, hypothesis testing, F test, and t test. The data processed using the SPSS program produced the following regression equation: Y=2,422+0,421X1+0,289X2+e. Based on hypothesis testing the results of the F test indicated that the independent variables which included Brand Image and Product Quality have an effect on simultaneously on Consumer Buying Interests. While the t test showed that Product Quality as variable that had the dominant influence on Consumer-s Purchasing Interest.

Keywords
Brand Image, Product Quality, Consumer-s Purchasing Interest

Topic
Economics

Link: https://ifory.id/abstract/L4pQZKywYBgz

Corresponding Author
Lizzy Dominica

Institutions
Parahyangan Catholic University

Abstract
The financial sector plays an important role in increasing a countrys economic growth, but the income gap is one of the main problems in economic growth in various countries. The financial sector has a strong influence on economic development, poverty alleviation and economic stability. This study aims to determine the effect of financial sector deepening on income inequality by using panel data from six countries, namely Malaysia, Indonesia, Philippines, Singapore, China and Korea which are divided into two groups, namely lower middle income countries namely Indonesia and the Philippines and upper middle / high income, namely Malaysia, Singapore, China and Korea in 2012-2016. By using the Panel Least Square analysis technique, this study found results that were upper middle / high income; bank assets, broad money, stock traded have a positive effect; lending to the private sector; domestic money bank assets, private sector debt securities and stock market capitalization have a negative effect. Whereas in upper middle / high income countries; bank assets, JUB, stock market capitalization have a negative effect; stock traded has a positive effect; however, lending to the private sector, domestic money bank assets, government debt and private sector debt does not affect the income gap.

Keywords
Financial Deepening, Income Gap, Asia

Topic
Economics

Link: https://ifory.id/abstract/8vNBWUPeEgqw

Corresponding Author
Dani Satria Nuraman

Institutions
Parahyangan Catholic University

Abstract
Income inequality is one of the problems faced by developing countries including Indonesia. An effort that is believed to be able to overcome this problem is financial inclusion. Financial inclusion is all efforts aimed to eliminate all forms of price and non-price barriers towards people access to utilize financial services. Higher financial inclusion is expected to encourage an easier access to financial services for the communities, especially for the low income people who have limited access to financial services. This study use the panel least square method with secondary data of 33 provinces in Indonesia from 2015 to 2017. The Gini ratio is used as a proxy for the income inequality, while financial inclusion is illustrated by the ratio of outstanding loans of small and medium enterprises to the total outstanding loan at commercial banks. This study aims to see the impact of financial inclusion on income inequality in 33 provinces in Indonesia. The results of this study indicate that inclusion affects negatively and significantly on the gini ratio, which means that the increase in financial inclusion can reduce the income inequality.

Keywords
Income Inequality, Financial Inclusion, Indonesia

Topic
Economics

Link: https://ifory.id/abstract/vtGehdcMzjW9

Corresponding Author
Dwi Mahroji

Institutions
a. Pandu Madania Economics High School

Abstract
Economic growth in Indonesia is influenced by various factor. The main purpose of this study is to find out how the effect of of inequality gender on economic growth in Jawa Barat Province. The data which used in this study is secondary data tha is panel, they are ratio of life expectancy (AHH), ratio of the average length of school (RLS), ratio per capita income (PPP), labor investment and economic growth from 2011 to 2015. The data obtained from the Central Bureau of Statistic, West Java in numbers and ministry of women and children empowerment. To prove the research hypothesis used regression analysis of panel data that estimate using Eviews 8 program. From the analysis result can be conclude that (1) the ratio of life expectancy (AHH) have a negative and significant effect on economic growth with coefficient -0.140697and probability 0.0094(2) ratio of the average length of school (RLS) expectancy have a positive and significant effect on economic growth with coefficient 0.174187and probability 0.0082 (3) ratio per capita income (PPP) have a positive and significant effect on economic growth with coefficient 0.064864 and probability 0.0002 (4) labor investment have a positive and significant effect on economic growth with coefficient 6.236647 and probability 0.0000.

Keywords
Economic Growth; Gender Inequality; AHH Ratio; RLS Ratio; PPP Ratio; Panel Data Regression

Topic
Economics

Link: https://ifory.id/abstract/fgt6jcJTBanA

Corresponding Author
Dede Nasrullah

Institutions
(a,b,c) Faculty of Economics and Business, University of Muhammadiyah Surabaya
*anangfirmansyah.61[at]gmail.com

Abstract
This research was conducted with the aim to test and analyze the influence of leadership style and financial incentives both simultaneously and partially, and to find out the variables that dominantly influence the performance of employee fluctuations on "MJA" Travel in Surabaya. Data collection techniques with interviews, questionnaires, and observations. The respondents of this study were "MJA" Travel employees in Surabaya. The data obtained were tested first with reliability testing, validity test and factor analysis. Processing and data analysis techniques used in this study are multiple regression analysis techniques, with the use of the SPSS program. Based on the results of the analysis, it can be concluded that, from the test results indicate that there are simultaneously significant effects of leadership style variables and financial incentives on the performance of employee fluctuations of "MJA Travel" employees in Surabaya. The value of the t test is greater than t table, it can be concluded that there is a significant positive effect in part of the variable leadership style and financial incentives on employee performance fluctuations. "MJA" travel in Surabaya. Financial incentives variable has a greater influence on employee performance compared to leadership variable.

Keywords
Leadership Style, Financial Incentives and Employee Performance

Topic
Economics

Link: https://ifory.id/abstract/LXZj6pytUwBd

Corresponding Author
Siti Indah Purwaning Yuwana

Institutions
IAIN JEMBER

Abstract
Customer loyalty is a key factor that can help companies achieve long-term success. The purpose of this study was to analyze the direct and indirect effect of price, brand image, and product quality Samsung Smartphone to customer loyalty, through satisfaction as an mediated variable. Data were obtained from questionnaires to 145 respondent using purposive sampling technique. Hypotheses are tested using Structural Equation Modeling (SEM). The results showed that the price and brand image have not significant effect on customers satisfaction and loyalty, product quality has significant influence customer satisfaction and loyalty, customer satisfaction has significant effect on customer loyalty. In addition, customer satisfaction is not able to be mediating variables that influence the effect of price and brand image to customer loyalty, but customer satisfaction mediates the effect of product quality to customer loyalty. The mediation effect of customer satisfaction is fully mediated.

Keywords
Price, Brand Image, Quality Product, Satisfaction, Customer Loyalty, Smartphone

Topic
Economics

Link: https://ifory.id/abstract/LjDJM8nfTGxw

Corresponding Author
Purwanto Purwanto

Institutions
a) Sharia Economic Studies, Al Husain Islamic College
Jl. Magelang-Purworejo KM 11, Magelang, Indonesia
*poerwanto073[at]gmail.com
b) Sharia Economic Studies, Al Husain Islamic College
Jl. Magelang-Purworejo KM 11, Magelang, Indonesia
c) Quran and exegesis Studies, Al Husain Islamic College
Jl. Magelang-Purworejo KM 11, Magelang, Indonesia
d) Saebani
Islamic Education Management Studies, Al Husain Islamic College
Jl. Magelang-Purworejo KM 11, Magelang, Indonesia
e) Islamic Education Management Studies, Al Husain Islamic College
Jl. Magelang-Purworejo KM 11, Magelang, Indonesia
f) Sharia Economic Studies, Al Husain Islamic College
Jl. Magelang-Purworejo KM 11, Magelang, Indonesia

Abstract
Sharia banks in Indonesia had experienced significant developments in recent years both in terms of quantity and assets. One of the ways undertaken by the Indonesian government in improving the development of Sharia Banks was by converting conventional banks into Sharia Commercial Banks. It has done by the government of the Province of Nanggroe Aceh Darussalam (NAD). This conversion is expected to foster public interest in using Sharia Bank products. The intention to use sharia products from several studies is affected by religiosity and social influence (social support). Therefore, this research is important in order to determine the extent of the effect of religiosity and social influence on peoples intentions to use sharia bank products. The method is quantitative research. The number of samples was 100 samples taken randomly in Aceh Singkil District. Data was collected by conducting surveys online and manually. The data analysis is SEM-PLS. The results studies show that religiosity and social influence have a significant effect on the intention to use Sharia banks. In addition, religiosity and social influence has 30.3 percent predictive value (Q2).

Keywords
Sharia banks; Intention; Religiosity and Social Influence

Topic
Economics

Link: https://ifory.id/abstract/p3wq8KFAVrCh

Corresponding Author
Nuniek Nizmah Fajriyah

Institutions
(a) Economic Management (Faculty of Economic and Bussiness)
(b) Sharia of Economic (Faculty of Economic and Bussiness)
(c) Sharia of Economic (Faculty of Economic and Bussiness)
Pekajangan Pekalongan Muhammadiyah University
nur.kholidah92[at]gmail.com

Abstract
A Sharia Banking is as a financial institution engaged in the sharia financial services, should have been paying zakat in accordance with the Islamic rules and the regulation. It aims to achieve the benefit and blessings. However, the awareness of paying company-s zakat is still relatively low in Indonesia. Even though a zakat is one of the offering solution to alleviate the poverty. Therefore, this study aims to analyse the effect of the profitability, the Company and the Board of commissioners Size on the Zakat Expenditure in Indonesia from 2010 to 2018. The samples were five sharia banks and the sampling technique was a purposive one. Meanwhile, the researcher used a multiple linear regression analysis with the data analysis programme as an analysis technique. The result of the study showed all independent variables simultaneously had a significant effect on a zakat expenditure, with a significance value of 0.014. Otherwise, a partial test result showed the profitability and the board of commissioners had no effect on it. However, the company size had positively and significantly effect on it.

Keywords
Zakat; the Profitability; The company size; and the Board of commissioners Size

Topic
Economics

Link: https://ifory.id/abstract/E6mBkXKvTy7V

Corresponding Author
Yulita Zanaria

Institutions
Muhammadiyah Metro University

Abstract
This study aims to analyze the effect of understanding taxpayer awareness of taxpayers and tax sanctions on MSME taxpayer compliance who conduct online business activities in the city of Metro. This type of research is quantitative research. Quantitative research is a research method based on the philosophy of positivism which is based on numbers with statistical management. Sources of data in this study are primary data and secondary data by obtaining data from the results of the questionnaire. The questionnaire was given to a sample of 97 MSME taxpayers in the city of Metro who conduct online business activities through the Website, Twitter, Facebook, Instagram, Tokopedia or other platforms. Based on research results Understanding Taxpayers have a significant effect on compliance of MSME taxpayers in KPP Pratama Metro. Tax Awareness affects the compliance of MSME taxpayers in KPP Pratama Metro. Awareness of taxpayers understands the taxpayers tax system used, knows the function of taxes as a source of state revenue used for state financing, and understands taxation regulations regarding filing tax returns and paying tax obligations. So that the higher awareness of taxpayers will increasingly increase tax compliance of SMEs. Tax sanctions do not affect the compliance of MSME taxpayers in KPP Pratama Metro. So the Tax Sanctions set by the Government have not gone well, so that the tax sanctions do not affect the compliance of tax payers of MSME.

Keywords
Understanding Taxpayers, Taxpayer Awareness, Tax Sanctions, Taxpayer Compliance

Topic
Economics

Link: https://ifory.id/abstract/y4HnWJTA3Q2a

Corresponding Author
Asep Supriatna

Institutions
1) Department of Industrial Engineering, Langlangbuana University
Bandung – West Java 40261, Indonesia

2) Graduate Program, Langlangbuana University
Bandung – West Java 40261, Indonesia

3) Department of Mathematics, Padjadjaran University
Bandung – West Java 45363, Indonesia

Abstract
In this paper we will present a mathematical model for word of mouth marketing strategy by considering proportional recruitment. We divide a population under consideration into four subpopulations: susceptible – those who are the target market or potential buyers (S), infected – those who are already active as buyers (I), positive – former buyers which have positive comments on the item they purchased (P) and negative – former buyers which have negative comments on the item they purchased (N). We assume that the rate of new individuals who enter the target market is proportional to the number of S, I, P, and N subpopulations. These subpopulations have either a positive or negative contribution to the number of new entry to the susceptible class or the potential buyer. We analyzed the model emphasizing in the effects of the WOM on the number of buyers and its rate of increase.

Keywords
Word-of-Mouth; Marketing Strategy; Dynamical System; Mathematical Model; Equilibrium Solution

Topic
Economics

Link: https://ifory.id/abstract/YZCzg74RvLVj

Corresponding Author
Rosinta Ria Panggabean

Institutions
Accounting Department, Faculty of Economics and Communication, Bina Nusantara University, Jakarta, Indonesia 11480

Abstract
The globalization era has stimulated the spirit of competition of every company in the ever-intensifying business races in various sectors. In an attempt to sustain the company-s life, earnings figures are kept positive to attract investors and to elevate the company-s social status. Earnings management is a company-s strategy to maintain profitability by modifying financial statements through accounting policies, which inflicts harm to financial statement users in Indonesia. This study was aimed to examine whether firm size, financial distress, and audit quality are influenced by earnings management. This research is a quantitative study with secondary data. A sample of 12 banking companies listed on the Indonesia Stock Exchange in 2014–2018 was used in this research. This research also employed descriptive analysis and panel data regression analysis. Results showed that firm size had a significant negative effect on earnings management, financial distress had a significant positive effect on earnings management, audit quality had no significant effect on earnings management. A multitude of issues arising in banking companies involve earnings management behavior. It is suggested that investors and community analyze deeper the companies in which to invest. Companies are also advised against earning management practices harmful to financial statement users.

Keywords
Earning Management, Indonesia, Firm Size, Financial Distress, Audit Quality

Topic
Economics

Link: https://ifory.id/abstract/dgXWvZ8bfGkY

Corresponding Author
Andryan Setyadharma

Institutions
Faculty of Economics Universitas Negeri Semarang

Abstract
The purpose of this study was to determine the effects of minimum wages, economic growth, and number of companies in industrial sector on unemployment in West Java. the number of companies in industrial sector variable acts as moderator variable. The method of data analysis in this study uses Panel Data Regression. The type of data used is secondary data obtained from Badan Pusat Statistik (BPS) in 2013-2015 with 26 districts / cities in West Java. The results showed that the minimum wage had a positive and significant effect, economic growth had a positive but not significant effect, and the industry had a positive and significant effect. Moderating variable makes the influence of minimum wages and economic growth have a negative and significant effects. The addition of moderation variable is proven to strengthen the influence of independent variables on the dependent variable. Suggestion: 1) the government must continue to regulate appropriate regulations so that an increase in the number of industries can be accompanied by an increase in employment opportunities. Economic growth will be better if it is able to provide employment opportunities; 2) Increasing number of industries is better when accompanied by increased employment opportunities. The labor force is encouraged to improve their skills to meet the criteria needed by the industry.

Keywords
unemployment, minimum wages, economic growth

Topic
Economics

Link: https://ifory.id/abstract/y2rjQND7KZxk

Corresponding Author
Nurjannah Rahayu Kistanti

Institutions
Faculty of Economics, Universitas Negeri Semarang
L2 Building, FE UNNES, Sekaran Campus, Gunungpati Semarang 50229, Indonesia
*nurjannah.rk[at]mail.unnes.ac.id

Abstract
This study aims at identifying the existing condition of traditional markets after revitalization in Semarang Municipality, analyzing the government policies and analyzing social capital as an effort of maintaining the existence of traditional markets. This research was conducted in 2018, and the data were collected using the FGD and questionnaire. The data is analyzed using the mix method. The market existence indicators have 3 criteria, namely analysis of traditional market existence, analysis of government policies related to traditional markets, and analysis of social capital. The research results indicate that Sampangan, Rasamala and Peterongan Markets have stagnant existence direction. This means the existence of these markets is stable with neither acceleration nor declaration. Meanwhile, Bulu Market is inclined towards a declining trend. The market facility and infrastructure indicator shows that while the infrastructure is better and more modern, the number of buyers decreases and, hence, sellers income decreases. The human resources of the market administrator factor need to be improved by providing them training on healthy market management. Finally, social capital constitutes the key to the traditional market to survive in which such a matter is not found in the modern market.

Keywords
Existence; Traditional Market; Revitalization; Semarang Municipality

Topic
Economics

Link: https://ifory.id/abstract/nXHWPY3tdLGy

Corresponding Author
DPPJ UMMagelang

Institutions
(a) Doctoral Program of Economic, Accounting, Faculty of Economic and Business
Diponegoro University, Semarang, Indonesia
(b) Departement of Accounting, Faculty of Economics and Business, Muhammadiyah University, Magelang, Indonesia 
*Email: noorkhikmah[at]ummgl.ac.id
(c) Departement of Accounting, Faculty of Economics and Business, Diponegoro University, Semarang, Indonesia



Abstract
This paper aims to examine and analyze the impact of audits on financial difficulties in Indonesia manufacturing companies. The sample was manufacturing companies in period 2014-2017, using a purposive sampling methods. A total of 128 companies and the data were analyzed using regression analysis. The results show that the audit opinion, auditor switching and auditors reputation affect financial distress. However, audit delay does not affect financial distress. The implication of this research is to investigate companies financial distress in capital market, especially related to the role of the audit external.

Keywords
financial distress; audit opinion; auditor switching; audit reputation; audit delay

Topic
Economics

Link: https://ifory.id/abstract/tnpYcVPjQBqf

Corresponding Author
Joko Sangaji

Institutions
(a) Faculty of Economics and Business, University of Diponegoro, Semarang, Central Java, Indonesia;
*jokosangaji2015[at]gmail.com

(b) Kwik Kian Gie Institute Business and Information, Jakarta, Indonesia

Abstract
Indonesia is among the five largest internet usage countries in the world. The use of the internet also encourages efficiency in governance in the field of international trade, including the export of goods and services. This study aims to determine the impact of internet usage and the exchange rate of the rupiah against the US dollar on Indonesian exports to the five main export destination countries, namely China, the United States, Japan, Singapore, and India in the period 2000 to 2017. The study uses is a multiple regression model. The results of this study are that internet usage has a significant positive effect on Indonesias exports to the five main export destination countries and the exchange rate of the rupiah against the US dollar has a significant negative effect on Indonesias exports to the five main export destination countries. The policy implication is the need to improve the performance of internet facilities and Indonesias exchange rate related to the improvement in Indonesias export performance.

Keywords
Internet Usage, Exports, Exchange Rates, Multiple Regression

Topic
Economics

Link: https://ifory.id/abstract/H6qT2apnJeud

Corresponding Author
Nurul Qomariah

Institutions
Universitas Muhamamdiyah Jember

Abstract
This study aims to determine the effect of service quality, image of the institution on the satisfaction and loyalty of Postgraduate Masters in Management at Muhammadiyah University, Jember. The study population was all graduate students in the Management of the University of Muhammadiyah Jember who were still registered until 2019. The number of samples in this study were 50 students. Validity and reliability tests are used to test research measuring instruments in the form of questionnaires. This study was analyzed by using linear regression analysis that influenced student satisfaction. The results of the study show that the quality of service and the image of the institution affects student satisfaction. Quality of service and image of the institution affects student loyalty. Student satisfaction does not affect student loyalty.

Keywords
service quality, image of institution, student satisfaction and loyalty

Topic
Economics

Link: https://ifory.id/abstract/cNVBUuqgyPpr

Corresponding Author
Irma Rianti

Institutions
Magister Ilmu Ekonomi Universitas Palangka Raya

Abstract
ABSTRACT The implementation of fiscal decentralization in improving services and neccesity in various sectors including public sector has lead the Regional Government to allocate higher Capital Expenditure for the development of sectors that are considered beneficial in each region. The purpose of this study is that the researcher would like to investigate the impact of Original Local Government Revenue and Balanced Budget toward the Capital Expenditure of Palangka Raya City. The study was conducted in Palangka Raya City using a quantitative descriptive approach and multiple analysis for the data analysis. The results of the study indicates that part of Original Local Government Revenue does not have significant effect on Capital Expenditure. Meanwhile, part of the Balanced Budget has a significant effect on Capital Expenditure. Simultaneously, both of Original Local Government Revenue and Balanced Budget are able to influence local Capital Expenditure of the government of Palangka Raya City.

Keywords
Original Local Government Revenue, Balanced Budget and Capital Expenditure

Topic
Economics

Link: https://ifory.id/abstract/RQkv6XAu7xpr

Corresponding Author
suripto suripto

Institutions
Program Studi Ekonomi Pembangunan, Fakultas Ekonomi
Universitas Ahmad Dahlan

Abstract
Cigarettes are a significant contributor to the formation of the poverty line. People who smoke have a high risk of poor and dangerous diseases. The demand for cigarettes in Indonesia is classified as high, now Indonesia ranks first in cigarette consumption in ASEAN. This study examines cigarette demand with the Marshallian demand approach. The cigarette demand model includes economic variables, religious knowledge, and intelligence. The cigarette demand model is estimated by multiple regression by incorporating institutional elements in the form of the Muhamadiyah illicit fatwa. The sample used to obtain data was taken from male students of Ahmad Dahlan University. The results of the study are expected to explain the behaviour of smoking demand by referring to the Marshallian demand approach and demonstrating the demand behaviour of cigarettes.

Keywords
Marshalian demand, demand for cigarettes, fatwa haram muhammadiyah

Topic
Economics

Link: https://ifory.id/abstract/D9vLGjCTUzd7

Corresponding Author
Eni Lestariningsih

Institutions
UNIVERSITAS NEGERI JAKARTA (UNJ)

Abstract
The advancement of communication and information technology forces each organization to continue to develop including improving the quality of human resources, the BPS-Statistic Indonesia as an important information provider institution in Indonesia must be able to keep up with all these developments, including paying attention to soft skill competencies, altruism, team work and innovative work behavior the employees. In this study involving 390 employees from a population of 15,980 employees BPS-Statistic Indonesia. This study seeks to develop a number of factors using SEM that can be used by policy makers in order to improve the quality of human resources in the BPS-Statistic Indonesia.

Keywords
competency soft skill, altruism, team work, innovative work behaviour, quality human resources

Topic
Economics

Link: https://ifory.id/abstract/w7B28favYnMz

Corresponding Author
Fenny Hapsari

Institutions
Universities Indonesia

Abstract
This study empirically examines the influence of reputation and the number of underwriters on post-IPO stock performance in the long run. The study was conducted on 101 data samples consisting of 20 company samples in the financial industry segment and 81 company samples in the non-financial industry segment. The researcher also add a change of inflation rate, the exchange rate of the USD against the rupiah and industry segment as a control variable for the regression analysis. The analysis is carried out by conducting a Indepent Sample difference test and ordinary least square (OLS) regression. The results of the research are (1) simultaneously the underwriters reputation, number of underwriters, changes in inflation rates, changes in the exchange rate of the USD to rupiah and segment industry have a significant effect on post-IPO stock performance in the long run both (2) partially only the reputation of the underwriter and the number of underwriters that have a significant effect on the performance of the stock after the long-term IPO.

Keywords
Underwriter Reputation, Macroeconomic, Stock Performance, IPO

Topic
Economics

Link: https://ifory.id/abstract/Ptg6Xq7zDwkT

Corresponding Author
Arkas Viddy

Institutions
a. Politeknik Negeri Samarinda
b. Politeknik Negeri Nunukan

Abstract
The research objectives are to create and to analyze the influence of economic risk, interest rate, and exchange rate on Indonesian non oil export and its implications for Indonesian economic growth. The are several variables are used such as economic risk, interest rates, and exchange rates as independent variables, while non oil exports and gross domestic product as dependent variables; the time series data will be taken from 1999 to 2018. The structural model path analysis is used and Partial Least Square software is used for analizing the data. The result proved that the economic risk, interest rate, and exchange rate have a significant influence on and non oil export. Another result is economic risk, exchange rate, exports have a significant influence on gross domestic product in Indonesia.

Keywords
economic risk, interest rate, exchange rate, export, and gross domestic product

Topic
Economics

Link: https://ifory.id/abstract/kaDyQGjhgP6m

Corresponding Author
Moch Faizal Rachmadi

Institutions
a.) Faculty of Economics, Universitas Negeri Semarang, Semarang 50229, Indonesia
*faizal.rachmadi[at]students.unnes.ac.id

Abstract
Village-owned enterprises (BUMDES) have an important role in the village economy. Aside from being a provider of credit loans, BUMDES also plays a role in community empowerment. This institution is very much needed especially in developing SMEs in one of the villages in Bakaran Kulon Village, Pati Regency, Indonesia. This study aims to develop the digital based system of BUMDES for empowering SMEs community in Bakaran Kulon Village, Pati Regency, Indonesia. In this region, the BUMDES has participated in assisting SMEs but not maximum contribution. Therefore, efforts are needed to overcome this problem, one of them is through Creative Economy with Society Development (CERSEN), which empowers the community in managing KUR (Peoples Business Credit) for SMEs players and also provide trainings related to digital-based product diversification. The method used was Research and Development (RnD) to support this research. Based on the research conducted it can be concluded that this digital-based CERSEN is feasible because it is very necessary in developing SMEs in Bakaran Kulon Village, Pati Regency, Indonesia.

Keywords
community empowerment; creative economy; technology; village original income; village-owned enterprises (BUMDES)

Topic
Economics

Link: https://ifory.id/abstract/D8aAcvHq4dXb

Corresponding Author
lilik andriyani

Institutions
a) Universitas Muhammadiyah Magelang, Economic dan Business Faculty, Accounting Department
Jl. Tidar No. 21, Magelang 56126
lilik.andriyani[at]ummgl.ac.id

Abstract
This study aims to examine the effect of earnings management on the relationship between dividend change, and future earnings differed between family companies and non-family. These research use companies on the Indonesia Stock Exchange in 2009-2017. One of the essential predictions from the dividend-signaling hypothesis is that changes in dividends positively correlated with changes in future earnings. By using a regression test, the findings of this study indicate that in family companies dividend changes give a negative reaction to future earnings. However, the interaction of dividend changes with earnings management harms future earnings only in the second year. Therefore the family company conducts earnings management, thus negative impact on future earnings. The converse result shows that changes in dividends at non- family companies produce a positive reaction to future earnings in the first year. There is an interaction between dividend changes with earnings management actions reacting positively to future earnings in the first and second years. Furthermore, using the coefficient difference test, it was found that there was a difference in the effect of earnings management on the relationship between changes in dividends and future earnings. This result differs between family companies and non-family companies.

Keywords
future earnings; dividend change; earnings management; dividend signaling hypothesis

Topic
Economics

Link: https://ifory.id/abstract/wTV8NFYr7Jnf

Corresponding Author
Danang Satrio

Institutions
Faculty of Economic
University of Pekalongan

Abstract
One important component that needs to be considered so that viral marketing can succeed is the use of the right content. Content in the form of images, videos, or infographics that are easy to remember and inspire people to follow will make the information on that content continue to spread, endemic and contagious, viral one person to another, In viral marketing success is also needed emotions because emotional relationships have a key impact on online data such as videos, images, and articles that will continue because the emotional appeal of content can affect consumers. The purpose of this study was to analyze how the role of emotions and content in viral marketing effectiveness. This research also contributes to this research, which is expected to close the gap of previous research with experimental studies.

Keywords
Viral Marketing, Emotion, Content, Intention to Engage

Topic
Economics

Link: https://ifory.id/abstract/kuf3wd2AMenW

Corresponding Author
DPPJ UMMagelang

Institutions
Universitas Muhammadiyah Magelang
*Muhdiyanto[at]ummgl.ac.id

Abstract
This study aims to examine the mediation effects of innovation in influencing the entrepreneurial leadership and information technology flexibility on increasing the competitive advantage of Small and Medium Enterprises in the Magelang region. There are 5 (five) hypotheses in this study and the method uses is a survey in the form of a questionnaire. Population of this study is the employees of the Small and Medium Enterprises in the Magelang region and sample selection method takes the form of non-probabilistic sampling with a purposive sampling technique. The sample of this research was 105 respondents. The analysis tool uses Structural Equation Modeling (SEM) in testing hypotheses and through Warp PLS program. The test results show that entrepreneurial leadership and information technology are highly substantial in fostering competitive advantage in small and medium businesses.

Keywords
Entrepreneurial leadership; information technology flexibility; innovation; Competitive advantage

Topic
Economics

Link: https://ifory.id/abstract/G4KHF2ERWaCf