ANALISIS PENGARUH AGENCY COST TERHADAP PENENTUAN KEBIJAKAN DIVINDER PERUSAHAAN-PERUSAHAAN GO-PUBLIK YANG TERCATAT DIPASAR MODAL INDONESIA (STUDI PADA BURSA EFEK JAKARTA)

in a modern company, the ownership of a company usually will spread out . in other side, daily operation activityof a company was done by the manager as the agent or representation of a company's owner. however, they control the company themselves. that can cause conflict of interest between the manager and the owner, in effort to increase company's value or prosperity of stockholder ( company's owner ). conflict of interest can be minimized by controlling mechanism, which equate that interest, and will create a cost called agency cost. the problem of a agency can be eliminated by paying devidend, because the paying if devidend will eliminate discretionary fund which is available for the manager (Easter Brook, 1994). this is what the writer expect in the in this research by observing in the influence of Agency Cost to decision of dividend polici of go-public company in Indonesian money market ( Study of Jakarta Stock Excange). the writer expect that this research is going to be a reference for the company in making decision dealing with the policy of dividend sharing of a company and as a mean of reference for other research. this research is not the only research, which is dealing with Agency Cost. there are many other researches which try to find the relationship between Agency Cost with accompany's value dividend. however, they have different time and object, whereas this research is not replication of other research because its time and objects are differnt. research methode used is Mainstream approach by using instrument of the analysis Ordinary Least Square (OLS) regression analysis, in order to find relationship of Agency Cost, which is measured (proxy) by variable of number of ordinary stocholder, collateralizable asset, free cash flow and the ownership of stock by insider with variable interrelated to divend policy measured by dividend payout. according to calculation by using medium SPSS, the result equation mode : Dividend Payout Ratio = 2.015-0.140 Insider + 0.426 Disperse + 93.812 Free Cash Flow + 1.505 Collas, co-relation coefficient R and determination coefficient R-square resulted is 0.482 and 0.233. accuracy model can be seen from opportunity value (p-value) Test F and tesr t in ANOVA give significance of test F 0.005 (significant in level 1%), and Free Cash Flow 0.065 (significant in level 1%), while the dominance of free variableinfluence to non-free variable in a series are(1) Disperse, (2) Free Cash Flow, (3) INsider, and (4) Collas. dealing with the research, for the management there are many theoris about dividend policy that can be consideration for the manager, and the one of the theoris is agency cost

GENDER DIVERSITY’S BOARD STRUCTURES, OWNERSHIP STRUCTURE AND CORPORATE PERFORMANCE IN INDONESIAN COMPANIES

Purpose - The purpose of this paper is to investigate the impact of gender diversity in the structure of the board and ownership in relation to company performance in Indonesia. Design/methodology/approach - The study used a sample of companies whose stocks are actively traded on the Indonesia Stock Exchange. The data used were panel data, namely, the data of cross section and time series from the period of 20011 to 2013. The sampling was simple random sampling, and the analytical techniques were panel data regression analysis. Findings – The results obtained by random effects regression models show that gender diversity on board structure does not affect the company's performance. Furthermore, the gender diversity on the board of directors (BOD) stuctures have significant negatively effect on the performance. Finally, this study also found that institutional ownership has significant negatively effect on the performance. Similarly, the managerial ownership, showed similar results, namely a significant negative on the performance

Peer review artikel publikasi an. Wisnu Panggah Setiyono

Peer review artikel publikasi an. Wisnu Panggah Setiyon

PENERAPAN GOOD CORPORATE GOVERNANCE DAN MANAJEMEN LABA

Tujuan Penelitian: Penelitian ini bertujuan untuk menguji pengaruh mekanisme good corporate governance yang terdiri dari kepemilikan institusional, dewan komisaris independen, ukuran dewan komisaris dan komite audit terhadap manajemen laba pada perusahaan yang terdaftar di Bursa Efek Indonesia. Metode penelitian: kami menggunakan panel data analisis dengan melakukan pemilihan sample antara time series dan cross section. Metode pemilihan sample pada penelitian ini digunakan metode purposive sampling. Besaran sample yang dihasilkan adalah 48 amatan yang terdiri dari 12 perusahaan untuk periode 2013 sampai 2015. Sampel diambil Jenis penelitian ini adalah penelitian kuantitatif, menggunakan data sekunder berupa laporan keuangan yang disajikan pada periode 2013-2015. Teknik analisis data yang digunakan yaitu analisis regresi linear berganda dengan sebelumnya melakukan uji asumsi klasik. Hasil uji asumsi klasik menunjukkan bahwa data penelitian terbebas dari asumsi normalitas, heteroskedastisitas, autokorelasi dan multikolinearitas. Berdasarkan hasil uji hipotesis penelitian ini membuktikan bahwa (1) kepemilikan institusional tidak berpengaruh signifikan terhadap manajemen laba, (2) dewan komisaris independen tidak berpengaruh signifikan terhadap manajemen laba, (3) ukuran dewan komisaris berpengaruh positif signifikan terhadap manajemen laba, (4) komite audit tidak berpengaruh signifikan terhadap manajemen laba

Risk Management, Working Capital Management and Financial Performance

Research Purposes: Aim of this study was to know the impact of Risk Management and Working Capital Management to The Financial Performance of Companies Listed In Indonesia Stock Exchange (IDX).Variables: This study employed Risk management proxied by Internal Audit. The proxies of working capital management, we used Current Ratio (CR) and Working Capital Turnover (WCTO). The Financial Performance we used Return On Assets (ROA) ratio as a proxy.Research Method: We used multiple linear regression analysis to analyzed whether the Risk management and the working capital management had impact on The Financial Performance. We also performed classical assumption tests including; normality test, multicolinearity, autocorrelation and heteroskesdasticity.Results: The results of this study indicate that simultaneously Internal Audit, CR and WCTO have a significant effect on financial performance. However, the partial effect had various results. The Internal audit and CR have no significant effect on financial performance whereas WCTO has a significant negative effect on financial performance

“Short Video Application is a New Marketing Strategy”: a Mixed-method Study on Indonesia’s MSME: Aplikasi Vidio Pendek adalah Strategi Pemasaran Baru : Studi Mixed-method pada UMKM Indonesia

This study reveals how the role of short videos used in the marketing process carried out by MSMEs in Indonesia in increasing customer engagement and purchase intentions leads to increased sales. This study used a mixed method, namely collecting and analyzing quantitative data then qualitative methods. The data was collected from a digital questionnaire and analyzed by Smart PLS. The result shows that usage of short video applications has a positive relationship with customer engagement and purchase intentions. The qualitative methods used in this process by depth interviews, observation, and documentation. Source triangulation was used to validate the data. The result shows that usage of short video applications has a positive impact on sales that the short video could make awareness and convert to traffic and increase sales. The result of this study is expected to help MSMEs in Indonesia to implement digital marketing, especially with short video applications

Kepemimpinan desa tangguh terhadap kinerja Penyelesaian Covid-19

In Indonesia, we have experienced the coronavirus pandemic or what we call the Covid-19 pandemic. The Covid-19 virus is transmitted through droplets of saliva caused by coughing, sneezing and exhaling. All cities in Indonesia are affected, including Sidoarjo, which is included in the orange zone. Various methods have been carried out by the Sidoarjo regency government, including the socialisation of handwashing, masks and hand sanitisers, and even the formation of a harsh village to respond to Covid-19. This study aims to analyse the application of tough village leadership and its impact on the completion of Covid-19 in the Sidoarjo district. This research was conducted in the Sidoarjo Regency, especially the Sidoarjo district. This research is qualitative research with phenomenology and analysed using the NVivo tool. Data collection methods used are observation, interview (interview), and documentation. This research focuses on the application of resilient villages with research participants, namely policymakers about Covid-19 in Sidoarjo, namely the Health Office, Village Head, Officials and the community. The expected outcome of this research will be able to make a significant contribution to the world of education and health, especially regarding public policy governance, health services and the health of resilient rural communities

Performances of Crypto, Market Indexes, and Gold Before and During the COVID-19 Pandemic: A Comparative Analysis

Research aims: This study aims to investigate empirical evidence of a comparison of investment instruments, including Bitcoin, Indonesia Composite Index (ICI), and gold, before and during the COVID-19 pandemic.Design/Methodology/Approach: Analytical methods employed comparison study using secondary data. The Microsoft Excel program was utilized to calculate formulas for each variable. Then, data were statistically processed using the SPSS application, i.e., independent sample test, testing for differences. The sample used in this study was the closing price of Bitcoin, the price of the ICI, and the price of gold, with monthly data from the beginning of January 2018 to the end of December 2021, to demonstrate a significant difference between the risks of Bitcoin, ICI, and gold before and during the COVID-19 pandemic.Research findings: The hypothesis test results revealed that before the COVID-19 pandemic, the investment risk of ICI and gold was the lowest, with a significance level of 0.000 (0.0000.05) on a different t-test at a 5% significance level. Thus, there was a significant difference in investment risk between ICI and gold. Meanwhile, during the COVID-19 pandemic, the risk of investing between Bitcoin and the ICI was the lowest, with a significance level of risk of was 0.000 (0.000 0.05) on different tests at the significance levels of 5%. In short, there was a big difference in investment risk between Bitcoin and the ICI.Theoretical contribution/Originality: This study provides additional literature on decision-making, especially on risk

Do The Gender Diversity in The Board Structures Have Impact on Managerial Firm Performance?

Corporate governance has been perceived to be the driver of corporate performance especially if we associated the issue with gender diversity. However, literature has rare acknowledged that gender diversity issues on corporate governance have impact on the managerial performance. The purpose of this study is to investigate the impact of gender diversity in the structure and ownership of the boards in relation with the companie’s performance in Indonesian firms. The study employed data sample of companies which the stocks are actively traded on the Indonesia Stock Exchange.By using panel data regression model, we determined the data of cross section and time series on 2013, 2014 and 2015. The sampling was simple random sampling, and the analytical techniques were panel data regression analysis. We also employed several hypothesis testing including Correlation analysis, Normality Test, multicolinearity, heteroscedastisity, and model estimation test.The results of this study, we found that the gender diversity in the boards have not significantly effect. However, the gender diversity in the board structures has negative effect and significant on the company's performance. Furthermore, this study also found that institutional ownership has negative effect on the company's performance. Finally, the managerial ownership showed similar results, namely a significant negative effect on the company’s performance