The Effect of Core Competency on Competitive Strategy and Its Implication on the Performance of Islamic Banking and Islamic Microfinance in the Province of Aceh, Indonesia

The main purpose of the research are to describe and investigate the causal relationship between core competency (e.g Valuability, Rarity, In-imitability, Non-substitutability) on the performance (e.g. revenue growth, market share, and customer satisfaction) of the Islamic banking and Islamic microfinance in the Province of Aceh, Indonesia with competitive strategy (e.g. overall low cost leadership strategy, best cost provider strategy, and focused differentiation strategy) as an intervening variable  The research employed a quantitative survey toward  252 managers (top manager, middle managers, and operational managers) selected from 79 Islamic banking and Islamic Microfinance in the entire Province of Aceh. Hence, the type of research designs used is descriptive, verificative, and explanatory survey.  While the research employed a five-rating likert scale measurement, and distributed the questionnaires as a data collecting tools, the collected data are processed by using Structural Equation Model (SEM) approach – AMOS SPSS version 22. The main finding of research indicated that core competency has a significant and positive influence on the performance of the Islamic banking and Islamic microfinance in the region either directly or through intervening variable of competitive strategy; the direct effect of core competency variable on performance is lower than  that of the indirect effect of core competency on performance through  intervening variables of competitive strategy The other findings are the dimension of Rarity was  the main determinant  contributing to core competency,   the dimension of focused differentiation strategy was a dominating dimension affecting of competitive strategy, and market share was a main determinant that forming the performance of the firm.  The empirical research investigating the causal relationship between core competency and business performance employing competitive strategy as an intervening variable in the context of Islamic banking and microfinance is the novelty of the research. It is expected to give a valuable inputs for managers and stakeholders in the industry and contribute the literature of strategic management and Islamic finance and banking Keywords: Core Competency, Competitive Strategy, Performance, Islamic Banking and Islamic Microfinanc

Influence of the Implementation of the Performance-Based Budgeting on the Performance Accountability of the Regional Government Institutions (Study at the City Goverment of Banda Aceh)

This study aims to determine the influence of the performance-based budgeting implementation on performance accountability of local government institutions in the city of Banda Aceh, either simultaneously or partially. Using a census method as a collecting data instrument, the researcher takes all  working units of the city goverment of Banda Aceh as the research population. It is therefore selects entire 38 working units with 114 respondents. The analytical method used in this research is multiple regression analysis with a SPSS software as a software tool for data processing. The results of this study indicated that the implementation of performance-based budgeting has simultaneously positive influence on performance accountability of local government institutions in city of Banda Aceh.Indonesia Keywords: Performance-Based Budgeting, Budget Planning, Budget Implementation, Reporting Budget and Accountability

Influence of Implemention of Government Accounting Standard and the Effectiveness of Government’s Internal Control System on the Quality of Local Financial Report and Its Impact Toward the Accountability of Regional Financial Management (A Research on G

This research is intended to examine the influence of implementing the of government accounting standard and the effectiveness of government’s internal control systems on the quality of local government financial report and its impact on the accountability of regional financial management in Aceh Government’s work units. The population in this research is finance administration officers on 48 work units (SKPA) in Aceh Government. This research uses census method. The data source of this research comes from the primary data which obtained from the respondents through distributed questionnaires. Analysis method used is path analysis. The result of this research shows the implementation of government accounting standards has a significant effect on the quality of local government’s financial reports, the effectiveness of government internal control system significantly affect the quality of local government financial reports, the Implementation of government accounting standards has an effect on the accountability of regional financial management either directly or indirectly, the effectiveness of government internal control system has a direct or indirect effect on the accountability of regional financial management, and the quality of local government’s financial reports significantly affect the accountability of  regional financial management. Keywords: Government Accounting Standard, Internal Control System, Quality of Financial Report, Accountability, and   Financial management. 1)       Lecturer of Magister of Accountancy, Graduate Program, University of  Kuala, Banda Aceh, Indonesia Main & Coresponding Author: Email: [email protected] 2)       Lecturer of Magister of Accountancy, Graduate Program, University of  Kuala, Banda Aceh, Indonesia Email: [email protected] 3)       Magister of Accountancy, Graduate Program, University of  Kuala Banda Aceh, Indonesia Email: [email protected]

The Influence of Human Resource Competence and Organization Commitment on the Implementati on of Governmentaccounting Standards and Its Impact Toward Financial Accountability at the Ministry of Religion Langsa, East Aceh District, Province of Aceh, Indon

This objective of study to examine the influence of the competency of human resources and organizational commitment simultaneously and partially on the financial accountability through the implementation of government accounting standard as moderating variable. The population of this study was 12 working units of the Ministry of Religion Langsa. This study used primary data based on the statement of the questionnaires distributed to selected respondents. The total respondents were 60 respondents which consist of the Budget User Proxy, Committing Officer, Treasurer of Expenditure, Financial Statements and managers Compiler Finance/Planning. he analytical method used was path analysisThe results of the study indicated that the implementation of government accounting standards mediated the influence of competence of human resources and organizational commitment on the financial accountability of which its influence was considered as a full/perfect mediation. The partial influence only occurred on the variable of implementation of accounting standards; meanwhile, from a simultaneous test perspective ,the human resource competencies, organizational commitment and application of accounting standards strongly influenced the government's financial accountability. Keywords:Human Resource Competency, Organizational Commitment, Application of Accounting Standards and Financial Accountabilit

CAPITAL STRUCTURE ANALYSIS OF MULTINATIONAL AND DOMESTIC MANUFACTURING COMPANIES IN INDONESIA

The objective of research to analyze the capital structure of multinational and domestic manufacturing companies in Indonesia. Sample in this study amounted to 30 multinational companies and 32 domestic companies. The stastically analytical technique used in this research was multiple linear regression analysis and Mann Whitney different test. The result of this research showed that the profitability had a significant negative effect to multinational capital structure also the size, asset tangibility, and growth had a significant positive effect to multinational capital structure. The profitability had a significant negative effect on domestic capital structure and the size had a significant positive effect on domestic capital structure. From the Mann Whitney test results, there were differences in capital structure in multinational and domestic manufacturing companies. Keywords: Capital Structure, Age, Profitability, Size, Corporate Tax Rate, Asset Tangibility,  Growt

The Influence of Leadership Style, Integrity and Organizational Commitment on the Performance of State Development Audit Agency (BPKP) at BPKP Representative Office of Aceh Province, Indonesia

The objectives of research are to examine the influence of leadership style, integrity, and organizational commitment on the performance in the State Development Audit Agency of (BPKP) at its representative office area, Aceh province either simultaneously or partially.This study used a sample of 60 respondents consisting of certified auditors who perform inspection tasks on behalf of BPKP representatives in the province. The data used in this study are primary data obtained through a questionnaire distributed directly to the respondents. The analytical method used in data analyzing is the  multiple linear regression.The outcome of a simultaneous hypothesis test indicated that  the leadership style, integrity, and organization commitment have a simultaneously significant effect on the performance of  BPKP’s representative office area in Aceh province. Similarly, tested partially,  it also indicated that  leadership style, integrity, or organizational commitment has partially significant effect on the performance of BPKP’s representatives office area in  the province. Keywords: Leadership Style, Integrity, Organizational Commitment, Performanc

Influence of Investment Opportunity Set, Financial Leverage and Firm Size on Real Activity Manipulation and Its Implication on Stock Return (Study on Manufacturing Company Listed in Indonesia Stock Exchange)

This study is aimed to examine the influence of investment opportunity set, financial leverage and firm size on real activity manipulation and its implication on stock return, either simultaneously or partially. The research data collection is conducted by employing secondary reports of audited financial reports of manufacturing companies listed in Indonesian Stock Exchange The unit of analysis used in is the manufacturing companies listed in Indonesia Stock Exchange within the period of 2010-2014. The unit of observation is selected by using purposive sampling method of which it employs 380 observations of companies. From those numbers, it is further selected of companies that have  real activity manipulation of which is 206 oervations Hence the final number of observations selected by using purposive sampling method that  indicated real activity manipulation amount is 174 companies. The analytical method used in this research is path analysis. The results showed that (1) investment opportunity set, financial leverage and firm size have a simultaneously  significant influence on real activity manipulation (2) investment opportunity set has no significant influence  on real activity manipulation, (3) financial leverage has a significant influence  on real activity manipulation, (4) firm size has no significant  influence on real activity manipulation, (5) investment opportunity set, financial leverage, firm size and real activity manipulation have a simultaneously  significant influence on stock return, (6) investment opportunity set has a significant influence  on stock return, (7) financial leverage has no significant influence on stock return, (8) firm size has no influence on stock return, (9) real activity manipulation has no significant influence on stock return, (10) real activity manipulation does not mediate the influence of investment opportunity set on stock return, (11) real activity manipulation does not mediate the influence of financial leverage on stock return, (12) real activity manipulation does not mediate the influence of firm size on stock return. Keywords: Investment Opportunity Set, Financial Leverage, Firm Size, Real Activity Manipulation, Stock Return

TESTING FOR HERDING BEHAVIOR OF AFTERMARKET OF IPO (INITIAL PUBLIC OFFERING) IN INDONESIA STOCK EXCHANGE

This research is aimed to test the aftermarket IPO herding that listed on Indonesia Stock Exchange. The sample in this research is company that do IPO from year 2006-2015. The test used monthly closing price data using Christie and Huang (1995) method, Cross Sectional Standard Deviation (CSSD) or return dispersion to measure herding behavior. Testing herding tested on two market conditions, namely up market and down market. Where the up market means the stock market (or the main market index) is trading higher than some particular point in the past. Down market conditions mean otherwise. The result of the research shows that there is herding in both market condition, up market and down market which is indicated by the spread of lower return on the market up market and down market. Keywords: Herding Behavior, Return Dispersion, IP

The Influence of Incentives, Used Information System, and Internal Control Implementation on the Employee’s Performance in the Jasa Raharja Company Branch of Aceh, Indonesia

This study aims to examine the influence of incentives, used information system, and internal control implementation on the employee’s performance in the Jasa Raharja Company Branch of Aceh. The research population comprised of 44 employees in the Jasa Raharja Company Branch of Aceh of which consisting of Branch Head, Unit Head, Chief Representative, Person in Charge, and Staff . Data analysis method used is multiple linear regression. The results of the research indicated that either tested simultaneously or partially,  it  supports the hypothesis that the incentives, used information system, and internal control implementation have a significant on  the employee’s performance of the Jasa Raharja Company Branch of Aceh, Indonesia. Keywords: Incentives, Information System, Internal Control, Employee Performance