Wiga : Jurnal Penelitian Ilmu Ekonomi

The Effects of Profitability, Liquidity, Leverage, and the Pandemic on Financial Distress

Ditio Adi Surya Wijaya Hadi, Muhammad Miqdad, Siti Maria Wardayati — Wed, 01 Mar 2023 00:00:00 +0700

This study was conducted to obtain empirical evidence on the effect of profitability, liquidity, leverage, and the COVID-19 pandemic on financial distress. This study refers to the object of research in the form of cyclical consumer sector companies listed on the Indonesian stock exchange from 2018 to 2020. The sample used in this study amounted to 35 companies with predetermined sample criteria. The analytical method used in this study is multiple linear regression analysis using the SPSS version 25 application. In this study, it was found that profitability and pandemic have an effect on financial distress, while liquidity and leverage have no effect on financial distress conditions. The results of this study are expected to be useful for interested parties to find out things that have an impact on financial distress.

HR Capability of Village Government Devices in Improving Public Services

Mimin Yatminiwati, Marsuhin, Emmy Ermawati — Wed, 01 Mar 2023 00:00:00 +0700

The purpose of this study was to determine the ability of the village government apparatus to mobilize human resources for public services in Jatisari village, Tempeh sub-district, and Lumajang district. The problem of this research is how the human resources of the village government are capable of providing public services in Jatisari village, Tempeh sub-district, and Lumajang district. This research method is descriptive and qualitative, looking for data related to the results of the performance of village government officials through direct interviews with the community in Jatisari village, Tempeh sub-district, and Lumajang district. In addition, researchers also collected data from print and electronic media related to the analysis of the human resource capabilities of village government officials in Jatisari village, Tempeh sub-district, and Lumajang district. The results of the study show that the technical skills of the Jatisari village government apparatus carry out their duties using techniques and supporting tools and procedures that are in accordance with the capabilities of a village government apparatus through the Internet. Human skills (human abilities) of the Jatisari village government apparatus motivate each other in carrying out tasks between devices that are carried out fairly and without regard for social status.Improving the ability of the Jatisari village government apparatus to carry out village government administration tasks includes: a) fostering employee discipline; b) education and training; c) work motivation; and d) career development.

Organizational Culture As A Moderation Of Influence Of Professional Commitment And Moral Reasoning On Independent Auditors' Ethical Decisions

Gede Mandirta Tama, Gerianta Wirawan Yasa, I Wayan Ramantha, Ni Ketut Rasmini — Wed, 01 Mar 2023 00:00:00 +0700

This study aims to provide empirical evidence regarding the effect of professional commitment and moral reasoning on ethical decisions and the ability of organizational culture to moderate the effect of professional attention and moral reasoning on ethical decisions. The population of this study was independent auditors of the capital market at KAPs in the East Java and West Java Regions who were actively registered with the OJK. The sampling method used the total sampling technique and obtained a sample of 59 people. The data analysis technique used is the PLS model. The results showed that professional attention has a positive effect on ethical decisions, moral reasoning has a positive effect on ethical decisions, organizational culture strengthens the effect of positive professional attention on ethical decisions, and organizational culture strengthens the effect of positive moral reasoning on ethical decisions.

Effect of Profitability, Capital Intensity, Leverage, Sales Growth, and Company Size on Tax Avoidance

Endah Fitri Ana Rahayu, Siti Nurlaela, Sari Kurniati — Wed, 01 Mar 2023 00:00:00 +0700

This research was conducted to test and analyze the effect of profitability, capital intensity, leverage, sales growth, and company size on tax avoidance. The data source used is secondary data obtained from the financial reports of mining companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2021 period. The population of this study is mining companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2021 period. Sampling using purposive sampling method and obtained samples used in this study amounted to 18 companies. The data analysis technique used multiple linear regression analysis which was processed with SPSS version 25. The results showed that leverage and sales growth had an effect on tax avoidance. While profitability, capital intensity, and firm size have no effect on tax avoidance.

Evaluation of World University Rankings of Southeast Asia HEIs Image

Muhammad Izharuddin, Faizal Susilo Hadi, Meirza Cahya Lestyorini — Wed, 01 Mar 2023 00:00:00 +0700

Today's world university rankings have gained prominence in tandem with internationalization endeavors. However, the impact of empirical rankings on the HEI brand image has yet to be thoroughly explored. This research aims to assess the impact of university rankings, based on universal standards and comparable metrics, on brand image at local, national, regional, and international levels. Using data from SciVal and QS World University, we analyzed 47 HEIs in Southeast Asia over ten years through panel data regression. The results shows that HEI rankings affect the brand image of the international media, regional media, national media, and local media. Awards received and mass media in general also got impacted by HEI global ranking. It expands the literature on higher education, providing ranking readings on multi-level reputation articulations. World university rankings can be used as a strategy to increase regional reputation in Southeast Asia as well as internationally. Future research could broaden the scope of regional data and use various types of world university rankings. In addition, other impacts, such as international students, inbound and outbound faculty, joint research, and other international indicators, can be further investigated.

Does ESG Performance Affect Financial Performance? Evidence from Indonesia

Azhar Nafis Ihsani, Sulaeman Rahman Nidar, Meinanda Kurniawan — Wed, 01 Mar 2023 00:00:00 +0700

Economic, social, and environmental issues are currently becoming major worldwide issues. Geopolitical, social, and economic power streams have focused on ESG goals, encouraging companies, investors, and governments to apply them to every aspect of business. The current constraint is that Indonesian business stakeholders are still typically focused on short-term profits, which are intended to transform towards long-term sustainability. This study examines the effect of ESG performance on corporate financial performance. The primary analysis tool in this study uses panel data regression analysis with the Random Effect Regression Model. The sample was selected from 23 companies listed on the Indonesia Stock Exchange, with an observation period of 2018–2020. The results of this study indicate that the performance of ESG and its sub-dimensions has a positive effect on the financial performance of accounting-based companies as measured using ROA. However, on a market-based proxy with Tobin's Q, ESG performance and its sub-dimensions have not been able to influence the corporate financial performance. Some important reasons companies are involved in environmental, social, and governance activities are to create competitive advantage, reduce company risk, improve market performance, and enhance the company's sustainable development capabilities.

Indonesia's Economic Impact of the Carbon Tax

Dani Ramdani — Wed, 01 Mar 2023 00:00:00 +0700

What is the impact of the adoption of the carbon tax on climate change, carbon dioxide emissions, and other impacts on the Indonesian economy? is the research question raised in this paper. This study is crucial because although the Indonesian economy hasn't fully recovered, the government has announced plans to impose additional taxes that will burden businesses and industries and may lead to an increase in unemployment as a result of layoffs. This study was inspired by a number of studies on climate change and carbon dioxide emissions that show that, by 2050, the world will become hotter and more people would die from breathing poor air as a result of rising carbon dioxide emissions. The author tries to determine what effect a carbon price might have on Indonesia's economy. Data on the adoption of carbon taxes in 15 countries that have already done so was gathered by the authors between 1990 and 2019. This study adopted a descriptive qualitative methodology. The implementation of carbon taxes in several countries such as Finland and Sweden has proven successful in reducing carbon emissions and does not have a negative impact on their country's economy.

A Study of the Impact of PSAK 71 Implementation on Financial Performance and Capital Adequacy Ratio

Veny Eka Maulidha, R. Wedi Rusmawan Kusumah — Wed, 01 Mar 2023 00:00:00 +0700

This study intends to compare bank financial performance in terms of net income before and after applying PSAK 71 to CKPN in terms of bank credit, capital, and financial performance. This research employs quantitative data in the form of published bank financial statements and the bank's financial ratios to analyze the impact of the new PSAK 71. The results of this study show that PSAK 71 adoption has a favorable effect and that it can provide useful data for financial report users to estimate total, period, and future cash flow uncertainty. However, there are some adverse effects, such as a rise in CKPN and a decrease in KPPM (or Capital Adequacy Ratio). The CKPN will rise by up to 50%, while the KPPM will fall by 5%. Because the decrease of CKPN could have an impact on the Bank performance and there will be more risk to be managed by the Bank, it is crucial for the Bank to make solid preparations from the strategic viewpoint, technical, and operational side.

Entrepreneurship Learning Model Creates New Entrepreneurs “Merdeka Belajar Kampus Merdeka” in the University

Suranto, Siti Nurlaela, Adcharina Pratiwi — Wed, 01 Mar 2023 00:00:00 +0700

This study aims to develop a goodness of fit entrepreneurial learning model and test the found models. The benefit of this research is to develop an entrepreneurial learning model that is able to improve the business mental independence based on their talents. Methods of data collection were carried out through observation, questionnaires and literature study. The research object was UMS Industrial Engineering students. The data analysis method used is validity and reliability test, confirmatory analysis test, student test to see the difference before and after treatment to get entrepreneurial learning model. This development research uses one shot case study experiment with a quantitative approach. The students receive guidance, mentoring, counseling and empowerment in developing entrepreneurial learning models.

Analysis Effect of Human Development Index (HDI), Regency/City Minimum Wage (UMK), Investment and Unemployment Rate on the Number of Poor People in Bali Province in 2012-2021

Apriyanti Kusuma Dewi, Siti Fatimah Nurhayati — Wed, 01 Mar 2023 00:00:00 +0700

This study aims to analyze the effect of the human development index (HDI), regency/city minimum wage (UMK), investment and unemployment rate on the number of poor people in Bali Province in 2012-2021. The analysis tool used is panel data regression. Panel data is a combination of time series and cross sections. Research data in the form of secondary data includes the human development index(HDI), regency/city minimum wage(UMK), investment, unemployment rate and the number of poor people obtained from the Central Statistics Agency (BPS). The results showed that the best model chosen was the fixed effect model (FEM). Based on the analysis of the FEM model, it shows that the human development index, the regency/city minimum wage affects the number of poor people in Bali province in 2012-2021. Meanwhile, investment variables and unemployment rate do not affect the number of poor people in Bali province. The coefficient of determination 0,9429 means that 94,29% of the variable variation in the number of poor people in Bali province can be explained by the variables of human development index (HDI), regency/city minimum wage (UMK), investment and unemployment rate. The remaining 5,71% is explained by other free variables that are not included in the model.

The Effect of Profitability on Social Responsibility (CSR) in Indonesia: Environmental Performance as a Moderator

Khusnik Hudzafidah, Umi Rahma Dhany, Ahmad Iskandar Rahmansyah, M. Saiful Bahri — Wed, 01 Mar 2023 00:00:00 +0700

This article analyzes the effect of return on assets (ROA) and return on equity (ROE) on social responsibility disclosure with environmental performance as a moderating variable in manufacturing sector companies listed on the Indonesia Stock Exchange (IDX). The type of research used is quantitative by using smart PLS as statistical analysis. The sample in this study were issuers in the food and beverage sub-sector for the 2016-2020 period with a total of 11 companies using a purposive sampling method. The results of the study prove that there is a positive relationship between ROA and CSR disclosure, while return on equity has no significant effect on CSR disclosure. The environmental performance variable as a whole does not moderate CSR disclosure but has a positive effect on the dependent variable