Bootstrap Financing Practices in Small Enterprises to Support Rural Green Tourism

Rural tourism is surrounded by various forms of small business that face serious financial challenge during the covid-19 pandemic. In this study, we use phenotypic traits as a lens to investigate how bootstrapping affects the success of small businesses during the covid-19 pandemic. To better understand entrepreneurial behavior, this study investigates small business bootstrapping in the green tourism domain. Based on a survey of 123 small company owners and interviews with 8 entrepreneurs in the zone, this study creates a taxonomy of bootstrapping strategies and investigates their constituent elements and logics. Additional qualitative research was conducted to confirm the taxonomy of entrepreneurial bootstrap behavior. The report presents a comprehensive picture of bootstrap funding in small businesses. With this research, we gain a better knowledge of how small enterprises approach resource mobilization and why entrepreneurs use specific bootstrapping tactics.Keywords: Bootstrap, Financing, Small Business, Rural Area, Green Touris

Accounting in Indonesia - a study of the ideological influences on western and Islamic accounting thought and practices

This study tries to document and review the ideological-environmental factors surrounding the conventional accounting concepts in the Western, with reference to the US, UK and the IASC's conceptual framework, and to examine the influence of such factors on accounting concepts. It is found that the conventional accounting concepts find their justification from the Western ideological-environmental system, including ideological, political, economic, legal, social, and cultural systems. Therefore, it is argued that the conventional accounting system would not be suitable for a different ideological-environmental system, such as an Islamic or Indonesian system.The study then examines ideological-environmental systems and concepts according to Islamic teaching (the Shari'ah) and according to the Indonesian ideology of Pancasila. Examining the conventional accounting concepts from the Islamic point of view, it is found that it is difficult to justify the adoption of the conventional accounting concepts. The study then suggests accounting concepts which better reflect Islamic values.The study also reveals that the environmental system and concepts according to Pancasila ideology are closer to the Islamic system and concepts, rather than to the Western ideological system and concepts. Therefore, it is suggested that Indonesia should reconsider the adoption of the Western (i.e. IASC) accounting system as the ideological logic underlying it is not appropriate in the Indonesian context. For this reason, and the increased demand for 'Islamic' accounting due to the blossoming of Islamic banks, financial institutions and insurance (takafol) as a result of the re-assertion of Islam in the political, economic and social spheres in Muslim societies, it is suggested that the development of accounting standards and knowledge in Indonesia be directed to the adoption of an 'Islamic' accounting system.A small survey has been conducted to find out the perceptions of Muslim 'accounting lecturers', as they are so far the main actors in the Indonesian accounting standards development, regarding the above issues. It was revealed that most of them believed that the accounting system is strongly influenced by its surrounding ideological-environmental systems. Most of them also believed that an Islamic ideological system and concepts would be significantly different from the Western ideological system and concepts, so that 'Islamic' accounting would also be different from the Western conventional accounting system and concepts. However, contrary to the belief that the Indonesian ideological systems and concepts are different from the Western, most of them still believed that the IASC's accounting concepts are acceptable.Recommendations are proposed to the authorities responsible for accounting education and accounting standards setters in order to increase the awareness among academicians, policy makers, and the society as a whole regarding the importance of having an accounting system which reflects the national ideology and philosophy

Ownership Structure on Companies Financial Leverage Decision: Evidence from Indonesia

The ownership structure in a firm is considered as crucial instrument for alleviating agency problems (Sun, Ding, Guo, and Li, 2017). The wider the ownership, the longer decision might be taken. The purposes of this study are to analyze the effect of ownership structure, namely managerial ownership and institutional ownership, stock market liquidity, and profitability on financial leverage. This research was conducted for 4 years from the period of 2014 to 2018. This study used 14 companies as samples. Based on the results of research and data analysis it is shown that: (1) Managerial Share Ownership has a negative effect on financial leverage, (2) Profitability (MSO) has a negative effect on financial leverage, (3) Share Turnover (MSO) has no effect on financial leverage, (4) IO has a negative effect on financial leverage, (5) Profitability (IO) has a positive effect on financial leverage, (6) Share Turnover (IO) has no effect on financial leverage. The implications of the results above are as follows: theoretically, this research provides insight into the implementation of agency theory in funding decisions. Because this research was carried out in manufacturing companies listed in LQ45, highlight the generalization of theories in all contexts, especially in developing countries such as Indonesia. At a practical level, this result can be used by investors, fund managers as a reference in making funding decisions, whether to prioritize internal or external funding

Ownership Structure on Companies Financial Leverage Decision: Evidence from Indonesia

The ownership structure in a firm is considered as crucial instrument for alleviating agency problems (Sun, Ding, Guo, and Li, 2017). The wider the ownership, the longer decision might be taken. The purposes of this study are to analyze the effect of ownership structure, namely managerial ownership and institutional ownership, stock market liquidity, and profitability on financial leverage. This research was conducted for 4 years from the period of 2014 to 2018. This study used 14 companies as samples. Based on the results of research and data analysis it is shown that: (1) Managerial Share Ownership has a negative effect on financial leverage, (2) Profitability (MSO) has a negative effect on financial leverage, (3) Share Turnover (MSO) has no effect on financial leverage, (4) IO has a negative effect on financial leverage, (5) Profitability (IO) has a positive effect on financial leverage, (6) Share Turnover (IO) has no effect on financial leverage. The implications of the results above are as follows: theoretically, this research provides insight into the implementation of agency theory in funding decisions. Because this research was carried out in manufacturing companies listed in LQ45, highlight the generalization of theories in all contexts, especially in developing countries such as Indonesia. At a practical level, this result can be used by investors, fund managers as a reference in making funding decisions, whether to prioritize internal or external funding

Faktor Penentu Pemilihan Bank Syariah Dengan Trust Sebagai Variabel Mediasi

Perbankan syariah kian dibutuhkan sebagai media transaksi seiring dengan meningkatnya industri- industri halal di Indonesia. Pertumbuhan perbankan syariah yang tinggi namun memiliki market share yang masih rendah yaitu pada juli 2021 baru mencapai 6,59% dari total masyarakat Indonesia. Oleh karena itu, dalam penelitian ini ingin mengetahui faktor penentu pemilihan masyarakat terhadap bank syariah dengan trust sebagai variable mediasi. Penelitian ini menggunakan tool SmartPLS 3 dengan metode analisis Partial Least Square (PLS). Responden dalam penelitian ini sebanyak 163 responden yaitu nasabah bank syariah se ekskaresidenan pekalongan. Hasilnya menunjukkan bahwa Literasi keuangan syariah tidak berpengaruh terhadap pemilihan bank syariah, Literasi keuangan berpengaruh signifikan terhadap trust (kepercayaan), Kualitas layanan berpengaruh positif signifikan terhadap pemilihan bank syariah, Kualitas layanan berpengaruh terhadap trust (kepercayaan). Kepercayaan berpengaruh terhadap pemilihan bank syariah. Implikasi pada penelitian ini bahwa perbankan syariah perlu meningkatkan literasi keuangan syariah dalam membentuk kepercayaan terhadap produk dan layanan bank syariah. Selain itu, perlunya meningkatkan kualitas layanan. Dalam membentuk kepercayaan nasabah perlu rasa kesadaran dan niat yang tinggi. Kata kunci: bank syariah, kualitas layanan, literasi keuangan syariah, trust, PL

Telerehabilitation Technologies: Accessibility and Usability

In the fields of telehealth and telemedicine, phone and/or video technologies are key to the successful provision of services such as remote monitoring and visits. How do these technologies affect service accessibility, effectiveness, quality, and usefulness when applied to rehabilitation services in the field of telerehabilitation? To answer this question, we provide a overview of the complex network of available technologies and discuss how they link to rehabilitation applications, services, and practices as well as to the telerehabilitation end-user. This white paper will first present the numerous professional considerations that shape the use of technology in telerehabilitation service and set it somewhat apart from telemedicine. It will then provide an overview of concepts essential to usability analysis; present a summary of various telerehabilitation technologies and their strengths and limitations, and consider how the technologies interface with end users’ clinical needs for service accessibility, effectiveness, quality, and usefulness. The paper will highlight a conceptual framework (including task analyses and usability issues) that underlies a functional match between telerehabilitation technologies, clinical applications, and end-user capabilities for telerehabilitation purposes. Finally, we will discuss pragmatic issues related to user integration of telerehabilitation technology versus traditional face-to-face approaches. Key Words: Remote, Technology, Usability, Accessibility, Decision Factors, Decision Suppor

Telerehabilitation Technologies: Accessibility and Usability

In the fields of telehealth and telemedicine, phone and/or video technologies are key to the successful provision of services such as remote monitoring and visits. How do these technologies affect service accessibility, effectiveness, quality, and usefulness when applied to rehabilitation services in the field of telerehabilitation? To answer this question, we provide a overview of the complex network of available technologies and discuss how they link to rehabilitation applications, services, and practices as well as to the telerehabilitation end-user.This white paper will first present the numerous professional considerations that shape the use of technology in rehabilitation service and set it somewhat apart from telemedicine. It will then provide an overview of concepts essential to usability analysis; present a summary of various telerehabilitation technologies and their strengths and limitations, and consider how the technologies interface with end users’ clinical needs for service accessibility, effectiveness, quality, and usefulness. The paper will highlight a conceptual framework (including task analyses and usability issues) that underlies a functional match between telerehabilitation technologies, clinical applications, and end-usercapabilities for telerehabilitation purposes. Finally, we will discuss pragmatic issues related to user integration of telerehabilitation technology versus traditional face-to-face approaches.Key Words: Remote, Technology, Usability, Accessibility, Decision Factors, Decision Support

The Influence of Profitability, Liquidity, Capital Structure, and Performance of Maqashid Sharia on Firm Value

This study aims to examine the effect of profitability, liquidity, capital structure, and the performance of sharia maqahid on firm value. The samples used in this study were 10 Islamic Commercial Banks for the 2016–2020 period that were registered with the Financial Services Authority (OJK). The data analysis method used in this study is multiple linear regression. By using a purposive sampling technique, a total of 45 observations were obtained from a total of 10 Islamic commercial banks over a period of 5 years. The results of the study show that the profitability and liquidity of companies have a positive effect on firm value, while the capital structure and performance of maqashid sharia have no effect on firm value. The implications of this study can contribute to theory development and add insight into the financial performance of Islamic banking companies in Indonesia. Profitability and liquidity have a significant effect on company value, which can increase the interest of stakeholders and improve business prospects.Keywords: Profitability, Liquidity, Capital Structure, Maqashid Syariah Performance, Firm Valu