Balancing Performance Measurement by Using the Tradition of Islam, Tao, and Java

Traditional financial measurement (e.g. return on investment) is usually utilized to measure management performance. However, it does not adequately represent the real performance of management. An alternative is offered, i.e. “Balanced Scorecard” (BS). It is not only treated as a performance measurement, but also as strategic management systems. BS is more extensive and equitable than the traditional one. This paper evaluates and examines the gender of traditional financial measurement (ROI) and BS through a cultural analysis, i.e. Islam, Tao and Javanese tradition. Having evaluating the gender of the measurements, the paper continually evaluates their weaknesses and attempts to reformulate them in a proper manner. An instrument of analysis is formulated based on Islam, Tao and Javanese tradition. In essence, the instrument utilizes “synergy of binary opposition” which deconstructs “the Center” through internalizing “the others.” The results of the analysis indicate that the performance measurements are strongly masculine-laden. The masculine values are the ones that tend to be expansive and destructive for social orders of human life and natural environment. To eliminate the negative effects of the masculine values, the paper suggests modification of the performance measurements by harmonizing and balancing masculine values with feminine ones

Islamic Values Islamic Bank Underlying Performance Assessment

The objective of the study is to identify the underlying Islamic values to formulate the performance assessment underlying concept of Islamic banking. This study uses Islam as research paradigm and Islam phenomenology as research method. Analysis units in Islam phenomenological method are awareness informant, noema and noesis, reflection, intersubjectivity between subjects who are experienced and knowledgeable. Data used were interviews, observation, and documentation. This study found four values that can be used as a basis to formulate performance evaluation concept of Islamic banking, namely: ibadah (worship), muamalah (Moslem business interaction), amanah (trust), and ihsan (benevolent). Based on these four values, Islamic banks goal is to create winning (Falah) for all stakeholders, both in this world life and hereafter. Keywords: Islamic Banks Performance, Islamic phenomenology, worship, Moslem business interaction, trust, and benevolent

Analisa Dampak Pengumuman Dividen terhadap Return, Variabilitas Tingkat Keuntungan dan Aktivitas Volume Perdagangan Saham

Objective of this research is to ascertain whether the dividend announcement has impacts on return, security return variability and stock trading volume activity in the period surrounding the event. This research was conducted by using event study method with market adjusted model approach. The sample was 67 manufacturing companies announcing dividend between 2000-2001 and fulfilling sample criteria. The statistical test used is T-test: Paired Two Samples for Mean on the period before the event, at the moment of the event, and after the event. Statistical periods are applied to the extended periods (10 observation days) and abridged periods (5 observation days). Results indicate that dividend announcement significantly influence return, abnormal return on the period before-after announcement, while the security return variability is significant on the period before-at the moment of announcement and after-at the moment of announcement. The results of the research for the abridged periods indicate that dividend announcement significantly influence stock return on the period before-after announcement, and the security return variability on the period at the moment-after the announcement and before-after the announcement. The variables of cumulative abnormal return (CAR), security return variability (SRV) and trading volume activity (TVA) on the 10 and 5 observation days do not indicate any significant difference. Cumulatively, the research provides a conclusion that there is not sufficient informational content in the dividend announcement. This can be seen from the inconsistent results gained from some variables and which indicating that the form of Indonesian capital market, especially Jakarta Stock Exchange, is not semi strong efficient yet. This is seen from the significant results gained from the tests of some variables. Keywords: Dividend Announcement, Return, Abnormal Return, SRV, TV

APPLICATION OF ASSET REVALUATION BY THE PUBLIC ASSESSMENT OFFICE: A REFLECTION OF SHARIA ACCOUNTING, SHARI’AH ENTERPRISE THEORY

The purpose of this research is to have a deeper look at the practice of public appraisers at the Public Appraisal Services Office (KJPP) X, in carrying out the revaluation of fixed assets, mainly related to Islamic values by using Shari’ah Enterprise Theory. The research method used a qualitative approach with case study analysis techniques. The results of this study indicate that the scope of the KJPP assignment is still not in accordance with the Shari'ah Enterprise Theor

AKUNTABILITAS DALAMPRAKTIK AKUNTANSI UPAHAN DAN HAPOLAS: SEBUAH PENDEKATAN ETNOGRAFI

ABSTRAKTujuan penelitian ini adalah menemukan bentuk dan makna praktik akuntansi upahan dan hapolas dalam selamatan Suku Makian di Maluku Utara. Penelitian ini menggunakan pendekatan etnografi, dengan menetapkan Suku Makian yang berada di Kecamatan Malifut sebagai situs penelitian. Hasil penelitian ini adalah bentuk praktik upahan dan hapolas merupakan bentuk praktik akuntansi yang tercermin pada konsep memberi dan menerima uang, serta piutang-utang. Makna yang ada di dalamnya adalah sedekah, cinta kasih, dan niat tulus dan ikhlas. Tidak ditemukannya pencatatan dan pelaporan keuangan menunjukkan bahwa praktik ini memiliki konsep akuntabilitas yang berbeda dengan akuntansi yang berterima umum, yaitu akuntabilitas atas dasar cinta kasih.Kata kunci: Upahan, Hapolas, Selamatan, Akuntabilitas, Etnografi ABSTRACT          The purpose of this study was to find the form and meaning of wage and hapolas accounting practices in the Makian tribe salvation in North Maluku. This study uses an ethnographic approach, by establishing the Makian Tribe located in Malifut District as a research site. The results of this study are a form of wage practice and hapolas is a form of accounting practice that is reflected in the concept of giving and receiving money, as well as debts. The meaning in it is alms, love, and sincere and sincere intentions. The absence of financial records and reporting shows that this practice has a different concept of accountability than generally accepted accounting, that is accountability based on love.Keywords: Upahan, Hapolas, Selamatan Accountability, Ethnograph

Reconstruction of Accounting Education Purpose Concept through the Thoughts of Ki Hadjar Dewantara

This study aims at exploring the fact in accounting education at college and formulating the concept of accounting education based on the thoughts of Ki Hadjar Dewantara, enveloped in his two books: education and culture. Ki Hadjar Dewantara’s critical-spiritualist-nationalist paradigm is used as a perspective to analyse the present accounting education. This study uses a qualitative approach and case studies as a research strategy. The substance (indicator) of spirituality value (Tauhid ontology and orderliness in physical and spiritual), moral value (the balance of Cipta-Rasa-Karsaor Tri-Sakti), enhanced degree of humanity, and independence values (freedom, independent and partiality to Indonesian people) were the method in this study. The result of this study shows that accounting education reality at economics faculty, Real Learning University does not reflect the values of Ki Hadjar Dewantara’s idealistic thinking. A formulation of accounting education purpose concept in universities must be established to produce a perfect human with pure spirituality through spiritual, moral and independence value. This concept also can be interpreted as a struggle to bring love in accounting education purpose concept

Analisis Beberapa Faktor Yang Mempengaruhi Holding Period Saham Biasa Pada Perusahaan Go Public Yang Tercatat Dalam Index Lq45

There are many factors influencing the decision making of investors in holding their possession on security especially common stock. Monetary crisis condition has proved to be able to influence the investors' attitude in Jakarta Stock Market in investing their capital especially about the long/short of holding a security. This study is conducted based on the differentiation of conclusion/result of study from previous studies about decision to hold security in the long/short term. The aim of this study is to analyze variables influencing holding period of common stock on public firm listed in LQ 45 Index, that are firms generally have good performance assessed based on both market performance and firm fundamental, then analyzing the dominance influencing variable. This study is conducted in Jakarta Stock Exchange with population of stocks listed in LQ 45 index in period of 2000 – 2001 with the total of 64 firms. The Sample Taking Method is purposive sampling with the criteria that the firms at least listed twice in LQ45 index on the study period. The analysis method used to analyze independent variables: spread, market value, variance return, and dividend pay out ratio and dependent variable: holding period is two stage least squares multiple regression model, since there is possibility that the correlation of bid-ask spread from the current period and bid-ask spread and holding period from the previous period for every stock take place simultaneously. Results of the study showed that, partially, bid-ask spread variable that constitutes the different value between the highest price provided paid by buyer with the lowest price offered by seller has significance positive correlation on holding period of common stock and there is inverse correlation/significance negative between variance return variable that reflect the risk rate from stock effected by fluctuation of stock price and holding period of common stock. While, simultaneously, there is no significance correlation between dependent variable and independent variable that means bid-ask spread, market value, variance return and dividend pay out ratio can't describe variation from holding period variable

Analisis Faktor Yang Mempengaruhi Holding Period Saham Biasa Pada Perusahaan Go Public Yang Tercatat Dalam Index Lq45

The aim of this study is to know and analyze variables influencing holding period of common stock on public firm listed in LQ 45 Index, that are firms generally have good performance assessed based on both market performance and firm fundamental, then analyzing the dominance influencing variable. This study is conducted in Jakarta Stock Exchange with population of stocks listed in LQ 45 index in period of 2000 – 2001 with the total of 64 firms. The Sample Taking Method is purposive sampling with the criteria that the firms at least listed twice in LQ45 index on the study period. The Analysis method used to analyze independent variables: spread, market value, variance return, and dividend pay out ratio and dependent variable: holding period is two stage least squares multiple regression model, since there is possibility that the correlation of bid-ask spread from the current period and bid-ask spread and holding period from the previous period for every stock take place simultaneously. Results show that partially bid-ask spread variable that constitutes the different value between the highest price provided paid by buyer with the lowest price offered by seller has significance positive correlation on holding period of common stock and there is inverse correlation/significance negative between variance return variable that reflect the risk rate from stock effected by fluctuation of stock price and holding period of common stock. While, simultaneously, there is no significance correlation between dependent variable and independent variable that means bid-ask spread, market value, variance return and dividend pay out ratio can't describe variation from holding period variable

Pancasila Paradigm: Methodology of Wawasan Nusantara for Accounting of Pancasila

The purpose of this paper is to present the research methodology of the accounting paradigm “Pancasila”. Pancasila is the basic view of life appropriate to the citizens of Indonesia\u27s independence. In the paradigm of Pancasila, there are contained elements of philosophical research or basic beliefs that underlie accounting thought and research. These elements are based on the nature of Pancasila human beings, i.e. the first point of Pancasila, Ketuhanan Yang Maha Esa (The Almighty God) contains elements of life, as a study of ontology; the second point, Kemanusiaan yang Adil dan Beradab (Just and Civilized Humanity), contains elements of the senses, the mind, and rasa as the study of epistemology; the third point, Persatuan Indonesia (the Unity of Indonesia), contains elements of Karsa (will) in concepts of Wawasan Nusantara as the study methodology, i.e. the Methodology of Wawasan Nusantara (MWN); the fourth point, Kerakyatan yang dipimpin oleh Hikmah Kebijaksanaan dalam Permusyawaratan / Perwakilan (Democracy Guided by the Inner Wisdom in Deliberations and Representations), contains elements of deeds and inner wisdom as a method of research; and fifth points, Keadilan Sosial bagi Seluruh Rakyat Indonesia (Social Justice for all the People of Indonesia), contains elements of purpose as the study of axiology, namely the research results in the form of the concept and practice of accounting based on Pancasila

University Social Responsibility from the Transformative Ecofeminism Perspective

This study aims to find conceptual innovations, with a focus on the scope of University Social Responsibility in the perspective of transformative ecofeminism. The basic belief that guides action in this research is the transformative worldview. The research approach is based on feminism with the data collection process carried out by observation, in-depth interviews, documentation, and FGDs. The two data research rigour strategies chosen were to maintain the credibility (internal validity) and reliability of the research data through triangulation of techniques and sources and to carefully review the documentation of research procedures/protocols and databases. The presentation of data and the results of the study used a “spiral data analysis.” This process was carried out by data management, making memos, categorizing, and interpreting data to presenting the final research report. The sample is stated with ten key informants used as participants. The results of the study provide a framework for the scope of USR, which consists of eight dimensions in which there are 27 indicators that direct the university\u27s actions in realizing its social responsibility. IPE (Integrity, Professionalism, Entrepreneurship) organizational culture becomes a reinforcing value in realizing the goals of each dimension