Showing papers in "KnE Social Sciences in 2018"

The Influence of Financial Attitude, Financial Socialization, and Financial Experience to Financial Management Behavior with Financial Literacy as the Mediation Variable

Abstract: The purpose of this research is to know whether there is influence of financial attitude, financial socialization, and financial experience to financial management behavior either directly or through financial literacy as mediation variable. The population of this research is the students of Faculty of Economics, State University of Semarang in the year 2015 amounted to 910 students and sampling of 278 students based on Slovin’s formula. The sample technique using incidental sampling. This study uses a quantitative approach. Method of collecting data by using questioner. Data analysis techniques using path analysis. The results of this study indicate (1) there is a positive influence of financial attitude toward financial management behavior (2) there is positive influence of financial socialization to financial management behavior (3) there is positive influence of financial experience to financial management behavior (4) there is positive influence financial literacy to financial management behavior (5) there is positive influence of financial attitude toward financial literacy (6) there is positive influence of financial socialization to financial literacy (7) there is positive influence of financial experience to financial literacy (8) there is positive influence of financial attitude toward financial management behavior through financial literacy (9) there is positive influence of financial socialization to financial management behavior through financial literacy (10) there is positive influence of financial experience to financial management behavior through financial literacy. Keywords: Financial Attitude, Financial Socialization, Financial Experience, Financial Management Behavior, Financial Literacy

Constructivist Learning Theory: The Contribution to Foreign Language Learning and Teaching

Abstract: This study deals with John Dewey’s constructivism. Dewey’s theory in Jia (2010) is the main idea or theory of conducting this study. The idea of using constructivism theory is not a new theory in educational teaching and learning in Indonesia. The Dewey’s theory states that constructivism can build individual and social knowledge and it is then the result of this study. The essence contained in constructivism theory is the meaning of a learning process. Dewey in Jia (2010) claims that knowledge is uncertain. Knowledge must be applied because it is an interpretation of reality. Case study is the approach used in this study to ensure the validity of the research result (Kothari. 2004). Thus, the purposes of this study are: (1) to shed the light on the schools of constructivism, and (2) to clarify the principles of constructivism in general and language teaching in particular as its contributions in the classroom activities. The result shows that constructivism contribute positive impact on educational progress as to improve students ability because constructivism opens the learner’s curiosity about something new. Students can also build their knowledge to create, and design something related to their needs. Keywords: constructivism, language learning, language teaching, constructivism principles

Halal Certification and Its Impact on Tourism in Southeast Asia: A Case Study Halal Tourism in Thailand

Abstract: Halal is a concept that originally comes from Arabic language which means something permissible or unbounded. This term then become a foundation in Islamic Law. Countries in Southeast Asia region are heterogenic country with rich diversity of culture, religion and custom. Majority population in Southeast Asia is Muslim, thus affect policy making within the region. One of the keys that move the economy is not only trade, but also the tourism sector. In this sector of each country to favor its tourist regions respectively in order to attract tourists to visit the country. The tourism sector could also support the development of a country and also one of the strategic factors in order to increase foreign exchange and also incomes. Halal products is a major requirement for Muslim consumers. There have been many countries although not a majority Muslim population began to encourage halal certification to get a positive response on Muslim travelers and has become a new policy by the government of the ASEAN countries in promoting tourism sector. This article will look at how far the policy of ’Halal’ is run in Thailand, and how it impacts on the tourism sector. Keywords: Economic policy, Halal tourism, Muslim traveller, National income, Travel and tourism

Discrimination Behind Nest and Nnest Dichotomy in ELT Pofesionalism

Abstract: This paper argues that the dichotomy between native English-speaking teachers (NESTs) and non-native English-speaking teachers (NNESTs) has resulted in discriminatory practices in English language teaching (ELT) professionalism. Reviewing four studies investigating discrimination in ELT industry in some Asian countries, this literature review reveals that most English as a foreign/second language (EFL/ESL) institutions give preferential treatment to NESTs based on some factors. Nativeness and nationality are among the top factors of discrimination in English teaching positions. Discrepancy in required academic qualification and income also prove that NNESTs have always been discriminated and marginalized in ELT employment. Furthermore, it is also found that racist policy applied by some institutions recruiting White English teachers solely because of their race and privilege. Finally, it can be concluded that some governments and institutions’ policies in recruiting English teachers have played a big role in perpetuating this discrimination against NNESTs by maintaining the ideology of NESTs as superior teachers in theories and practices of ELT. Keywords: Discrimination, native speakerism, ELT professionalism

The Effect of Trust and Brand Image to Repurchase Intention in Online Shopping

Abstract: Online shopping customers are asset that must be maintained by a company because online shopping customers can do repurchase intention in online shopping. In fact, some companies do not put emphasis on maintaining these customers. The aim of the study was analyze effect of e-service quality to customer satisfaction, customer satisfaction to trust and brand image, trust and brand image to repurchase intention in online shopping (Case at Berrybenka online customer in Indonesia). The population was customers who had bought the Berrybenka product, and the number of sample was 130 respondents. The method of analysis was quantitative method with Structural Equation Model (SEM). The results shows that e-service quality had a positive influence on customer satisfaction, customer satisfaction had a positive influence on trust and brand image, trust and brand image had a positive influence on repurchase intention. Keywords: e-service quality, customer satisfaction, trust, brand image and repurchase intention.

What Determinants of Academic Fraud Behavior? From Fraud Triangle to Fraud Pentagon Perspective

Abstract: This study aims to investigate the determinants of academic fraud behavior in the perspective of fraud triangle, fraud diamond, and fraud pentagon. Research method of this study is quantitative study to analyze the determinants of academic fraud behavior. The population of this study is students majoring in economics education of Faculty of Economics Universitas Negeri Semarang (UNNES) who are actively study during the first semester of 2017/2018 academic year. Data is collected using questionnaire. The data is analyzed by descriptive statistic and multiple linear regression. The results show that academic fraud behavior by economics education students of Faculty of Economics (UNNES) is in the low category. Plagiarism and wrong cooperation are the mostly executed of academic fraud behavior than other indicators. This study successfully explains the concepts of fraud triangle, there are pressure, opportunity and rationalization which positively and significantly affect students’ academic fraud behavior. Nevertheless, this study fails to verify the concept of fraud diamond and fraud pentagon. Capability, arrogance and external do not affect students’ academic fraud behavior. This paper use three concept of fraud to investigate the determinants of academic fraud behavior. Keywords: academic fraud, fraud triangle, fraud diamond, fraud pentagon

Inclusive Education in Indonesia: Equality Education Access for Disabilities

Abstract: Based on data from the World Bank, one out of ten poor people around the world is the disabled. Poverty experienced by the disabled is a direct and indirect result of the exclusion and marginalization of people with disabilities because of the stigma and prejudices about disability. One of the stigma and prejudice on people with disabilities arise in the educational setting. The United Nations [UN] report showed that 90 % of all children with disabilities in developing countries still do not attend school, and the literacy rate of adults disabled predicted only 1 % (United Nations). Since Indonesia ratified Salamanca declaration, about equal education access for persons with disabilities, some inclusive schools begin to set in Indonesia. The government started affirming that Children With Special Needs (CWSN) basically has the right to education as normal children, without discriminated, by placed CWSN in special schools that are different from normal children. This article attempts to review various studies regarding the implementation of inclusive schools in Indonesia, to get a picture about the process of eliminating discrimination against students with special needs in Indonesian school. Keywords: Disabled, Equality Education Access, Inclusive Education, Lampung, Metro

Incorporating the Use of Literature as an Innovative Technique for Teaching English

Abstract: This paper aims at discussing an effort to incorporate the use of literature in English language teaching. For the reason, language teachers need to know some important ideas i.e. the types of literature can be used for teaching purpose, the approach to the use of literature in language teaching, underlying reasons for using literature in language teaching and steps to implement the use of literature in language classrooms. The most fundamental idea of this paper is focused on the steps to use literature in English language teaching i.e. making decision about needs analysis to know: the types of literary works that the learners want to learn, the difficulty level of the selected literary works in terms of grammar, lexical items and text patterns, and to ensure that a literary work brings pleasure and enjoyment to the learners, formulating objectives to describe what the learners will be able to do after completing a lesson, and selecting innovative teaching teachnique i.e. Analyzing Technique, Memorizing and Producing Technique, Completing Technique, Constructing Technique, as well as Transforming Technique. The techniques may be used by language teachers for teaching English using literature. Keywords: literature, teaching literature, using literature for teaching English, innovative technique for teaching English

A Critical Review of the Literature and Practice of Competency Modelling

Abstract: Competency models are commonly practiced today in many organizations as they lead to significant human resource development that provides organizations with a competitive edge. Because of their immense importance, measurement and modelling of competencies has become an important research field. However, despite the extensive research, there are large research gaps regarding the empirical knowledge and applicability of competency models. This article presents a critical review of competency modelling literature and practice from the major perspectives (including applied, academic, and professional) in an attempt to shed additional light on the advantages and practices of competency modelling, as well as outlining current challenges in such a vibrant domain. The intention, in this article, was to build a coherent argument with an objective of illustrating the effective use, as well as deficiencies in this domain based on aggregated experiences of many authors across many years and settings. The author explicitly acknowledges that the approach for this critical review has many limitations, since it is experience-based rather than empirically based. Yet, it is believed that this article may provide a framework that can lead to a solid investigation of competency modelling with more rigor than they have been afforded to date. Keywords: Competency Modelling, Behavioural Paradigm, Job Analysis, Performance, NVivo

Debating Halal Tourism Between Values and Branding: A Case Study of Lombok, Indonesia

Abstract: This paper discusses the debate concerning the concept of “Halal” tourism by exploring the case of Lombok, Indonesia as a Halal tourist destination. Halal tourism has become a new trend in global tourism motivated by the growing number of Muslim travelers. This condition potentially brings substantial foreign earnings from tourism sector. Indonesia, as a country with the largest Muslim population in the world is also interested to follow the trend. In 2015, Lombok participated in the World Halal Tourism Summit held in Dubai and was awarded the “World Best Halal Tourist Destination” and the “World Best Halal Honeymoon Tourism.” This has motivated the local government to develop Halal tourism seriously. However, there is no concrete concept concerning the kind of Halal tourism to be developed. In the condition of “Halal tourism in the making” in Lombok, this research explores the available concept of Halal tourism in the literature, and tries to match the ideas with the practices of Halal tourism that is being developed in Lombok. This paper argues that Lombok tends to develop branding-based Halal tourism than value-based Halal tourism. Findings from the fieldwork research show that the success of Lombok to be acknowledged as Halal tourist destination is not yet followed by the development of tourism institutions and infrastructures, which are fully oriented toward Halal tourism according to Islamic values. Keywords: Branding, Halal Tourism, Indonesia, Lombok, Values

Factors Influencing Turnover Intention in a Malaysian Manufacturing Company

Abstract: Turnover intention is defined as a process of employee to leave the current job or his willingness to separate from the organization. Truthfully, the talent of one employee cannot be inherited or be same by others new employee, thus, the need to retain the employee talents are crucial for employers and organizations to face the challenges in today’s intense global competition. Employee turnover has become most important issues to most organizations, hence, this issue still need a special attention since it can affect organizational performance. However, in retaining employees, organization cannot escape from exposing their workforce to higher level of work stress in order to achieve high demands and targets. Thus, the main objective of this paper is to examine the relationship between job stress, work engagement, job satisfaction and organizational commitment and employee turnover intention among manufacturing employees in Malaysia. A total of 170 employees were surveyed through a self-administered questionnaire. Statistical Package for Social Science (SPSS) version 20 was employed to perform data analysis of the study. Descriptive, Correlations and Regressions Analyses were performed and the findings revealed that there is significant relationship between work engagement, job satisfaction and organizational commitment and turnover intention. While no significant relationship was found between job stress and turnover intention. Keywords: turnover intention, job stress, work engagement, job satisfaction and organizational commitment.

User Intention towards a Music Streaming Service: A Thailand Case Study

Abstract: This paper presents a novel acceptance model for an online music streaming scenario of Thailand. The music streaming industry has been gaining in popularity in the recent times. This research has been conducted in order to measure the user attitude towards the use of this relatively new service using a modified version of the popular Technology Acceptance Model. We try to identify the most popular music-streaming service of Thailand and also the factors that affect the use of such a service. Data has been collected in the form of an online questionnaire survey from more than 300 participants for the purpose of model building and validation. A subsequent regression analysis carried out on the proposed model explains more than 60 percent of the variance of the dependent variable i.e. Behavioral Intention in our case to the predictor variables Perceived Usefulness, Perceived Ease of Use, Perceived Enjoyment and Perceived Satisfaction Level. The results show that Perceived Enjoyment and Perceived satisfaction are the two strongest predictors for Behavioral Intention which is quite different from that of the utilitarian type of information systems. Keywords : Music streaming, TAM, hedonic information systems, regression

The Effect of the Intellectual Capital Measurement, the Corporate Social Responsibility Disclosure and the Firm’s Capital Structure on the Financial Performance

Abstract: This study is aimed to examine the effect of intellectual capital, CSR disclosure and capital structure proxied with debt equity ratio (DER) on financial performance proxied with return on asset (ROA) This research was a quantitative study The type of data used was secondary data obtained from wwwidxcoid and the company website The analysis method used was multiple linear regression analysis using SPSS version 22 software The population in this research was basic industry and chemical companies listed in Indonesia Stock Exchange during the period of 2013–2016 While the samples of this study were determined by using purposive sampling method in order to obtain a total of 100 data that could be processed, the result of this study indicated that intellectual capital had a positive effect and capital structure negatively affected the financial performance of the company Meanwhile, the disclosure of CSR had no significant effect on the financial performance of the company Keywords: intellectual capital, corporate social responsibility disclosure, capital structure, debt equity ratio, return on assets

The Effect of Current Ratio, Debt to Equity Ratio and Return on Asset on Dividend Payout Ratio in Sub-sector Automotive and Component Listed in Indonesia Stock Exchange in Period 2012–2016

Abstract: The aim of this research was to find the effect of current ratio, debt to equity ratio, and return on asset on dividend payout ratio in subsector automotive and component-listed Indonesia Stock Exchange in the period 2012–2016. The sample selection in this research is done using purposive sampling method and six companies that matched the criteria were chosen. The research data is obtained from Indonesia Stock Exchange. The method used in this research is panel data regression analysis, and it was found that the more appropriate model to be used is a random effect. From the result of research got a value of adjusted R-Square equal to 68.69%. The result shows that debt to equity ratio and return on asset have a significant effect on dividend payout ratio with a regression coefficient equal to –0.065189 and 0.679691. However, the result of current ratio has no significant effect on the dividend payout ratio with a regression coefficient of 0.037200. Keywords: dividend payout ratio, current ratio, debt to equity ratio, return on asset, automotive industry

Online Gaming: Impact on the Academic Performance and Social Behavior of the Students in Polytechnic University of the Philippines Laboratory High School

Abstract: This study was conducted to assess and find out the impact of on-line gaming on the academic performance and social behavior of the students in the Polytechnic University of the Philippines-Laboratory High School. Furthermore, this study sought answers on the significant relationship between playing on-line games and academic performance and to social behavior of the students. The study revealed that boys are more of a player compared to girls who often play games that require three or more players like League of Legends, Clash of Clans, Crossfire and many more to mention. It is also stated that those who play online games are around 14-15 years old who are believed to be in the Grade 8 level. These students who often play games have an average weekly allowance of 101 pesos to 500 pesos. Playing online games do not affect their grades badly for they know how to limit themselves. They know that they need to control themselves in order to function well in their class that is why they only play games during vacation and weekends with a lot of time compared when they have classes. Even though they play online games; they know how to socialize well and they can perform very well when it comes to academic performance. However, it is inevitable not to play even for half an hour especially when they are accustomed to it. Therefore, it is just a matter of discipline. Keywords: On-line Gaming, Social Behavior, Curriculum, Academic Performance.

Good Governance in Strengthening the Performance of Zakat Institutions in Indonesia

Abstract: Good governance is a crucial issue in strengthening the performance of zakat institutions. This research aims at elaborating good governance from the perspective of Islam and analyzing factors contributing to good corporate governance in a number of zakat institutions in Indonesia. Confirmatory Factor Analysis (CFA) is applied to measure the contribution of each indicator to five principles of Good Governance in Zakat institutions; namely, transparency, accountability, responsibility, independence and fairness. With the assistance of Partial Least Square (PLS), version 3, it is shown that the principle of transparency contributes 60.4 percent; the principle of accountability 4.82 percent; the principle of responsibility 6.41 percent; and the principle of independence 53.3 percent. Therefore, it can be concluded that good governance in zakat institutions has been well implemented in some aspects, but have not yet been implemented comprehensively. This research is significant in that it contributes guidelines on zakat management, it provides teaching materials for higher education and a reference for formulating policies and regulations related to the standardization of good governance in zakat institutions. Keywords: good governance, zakat institutions, performance, Confirmatory Factor Analysis (CFA)

The Impact of Organization Communication on Employee Performance Through Employee’s Work Motivation at Pt. Putri Panda Unit Ii Tulungagung, East Jawa, Indonesia

Abstract: The purpose of this study is to determine: (1) the description condition of the organizational communication, employees motivation and performance in PT Putri Panda Unit II Tulungagung; (2) the effect of organizational communication directly or indirectly on the employee’s performance through employees motivation at PT Putri Panda Unit II Tulungagung. This study uses a questionnaire that covered the instrument, interview, and observation. The population in this study is the employee of PT Putri Panda Unit II Tulungagung. The sample in this study is saturated samples are all employees of PT Putri Panda Unit II Tulungagung (72 respondents). Analysis of the data in this study using path analysis. Based on the analysis of PT Putri Panda Unit II Tulungagung found that: (1) Condition organizational communication in the category of obvious, employee motivation in the high category, and employee performance in the high cathegory; (2) There is a positive effect of organizational communication directly or indirectly to the performance of employees through employee motivation at PT Putri Panda Unit II Tulungagung. Based on the results of the study, researchers suggest: (1) Increase or improve organizational communication by organizing joint activities outside working hours, ie by holding recreational and outbound.; (2) The employees of PT Putri Panda Unit II Tulungagung expected willingly to improve feedback when communicating with the leaders. Keywords: Organizational Communication, Employee Motivation, Employee Performance

Internal Control and Accountability of Local Government Performance in Indonesia

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Determinant of Carbon Emission Disclosure at Mining Companies Listed in Indonesia Stock Exchange

Abstract: This study aims to examine and obtain empirical evidence on determinants of carbon emissions disclosure at mining companies listed in Indonesia Stock Exchange. Several factors involved in this study, there are leverage, profitability, firm size, and institutional ownership. In addition, population of this study is 41 mining companies listed in Indonesia Stock Exchange. Meanwhile, sample is selected using purposive sampling technique which produced 56 unit of analysis. This study also uses content analysis techniques on annual reports and/or sustainability reports in 4 years to measure carbon emission disclosure. Data collection is conducted by documentation technique. Moreover, multiple rank regression with SPSS version 23 applications is executed to analyze the data. Results indicate that leverage, profitability, firm size, and institutional ownership have significant and negative effect on carbon emission disclosure. Therefore, it can be concluded that the higher leverage, profitability, firm size, and institutional ownership of the company, carbon emission disclosure which is reported by mining companies in Indonesia will be lower. Keywords: Carbon Emission Disclosure; Firm’s Size; Institutional Ownership; Leverage; Profitability

Digitalization: The Way to Tourism Destination’s Competitive Advantage (Case Study of Indonesia Marine Tourism)

Abstract: This article is a conceptual paper that proposes the importance of digitalization in marine tourism destination in order to significantly improve its competitive advantage. The digitalization should become a new capability as it supports the activities of value co-creation amongst the stakeholders including the customers. Digitalization will create resource integration, value platform and information-sharing models, while the pre-requisites for the success of its implementation are developing digital strategy, leadership and culture. National tourism digitalization movement, appoint seaports as leader in digital transformation, encourage collaboration intra- and inter-destination, and conduct intensive digital socialization and training. Keywords: digitalization, digital capability, value co-creation, digital transformation

Carbon Emission Disclosure and Profitability – Evidence from Manufacture Companies in Indonesia

Abstract: This research aims to prove empirically the effect of size, leverage, and composition of the board of commissioners to carbon emission disclosure (CED) and the effect of CED on future profitability. The population of this study are a manufacturing companies listed on the Indonesia Stock Exchange (BEI). Samples were determined by purposive sampling and 107 units of analysis were obtained. Data analysis using path analysis method. The results shows that size has a positive effect on CED. Leverage and ratio of independent board commissioners have no impact on CED. Leverage has a negative effect on profitability. Size and ratio of independent commissioners have no effect on profitability. Companies that has high CED have not affect to future profitability. Furthermore, CED variables is not as mediate variable between size, leverage, independent board ratio on profitability. The implications of the result study are that CEDs that are still voluntary have not had a beneficial impact on the company. Suggestions for regulators to increase awareness of corporate, and community to use CED indicators as main indicator in deciding investment and other business policies. Keywords: Carbon Emission Disclosure (CED), Profitability, Size, Leverage, and Board Independent.

A Structural Move Analysis of Abstracts in Undergraduate Theses: A Case Study at Universitas Kristen Indonesia

Abstract: Writing the abstract of a final project or undergraduate thesis can be difficult for undergraduate students due to the lack of awareness of writing in academic genres, particularly the moving structure of each section of a research work. To overcome this issue, the writer attempts to analyze the rhetorical structure of undergraduate students’ research papers in the abstract section. The aim of the research is to find out the rhetorical moves in the abstract section and whether or not this study was similar to the study by Bhatia [1]. To analyze the data, the writer followed Bhatia’s move analysis [1]. The results found that the majority of English as a Foreign Language (EFL) students’ abstracts confirmed Bhatia’s findings. It is highly recommended that faculties and/or teachers should provide fixed structural move guidelines to assist students in writing their final project. Keywords: rhetorical steps or moves, undergraduate theses

Exploring Uniting Factor for Multiculturalism Policy: Portrait of Hadrami, Arab Community in Indonesia

Abstract: In the 2nd International Symposium of Anthropology held by FISIP-UI in 2002 in Padang, a participant questioned: ”As Pancasila no longer has the power as a uniting factor for ethnic diversity in Indonesia, what factor then has the same power as Pancasila for multiculturalism policy in this country.” (This paper is not intended to discuss Pancasila, but to explore the unifying factor, instead)

The Effects of Process Writing Approach on Performance of an Overcrowded EFL Writing Class at a University in Thailand

Abstract: This quasi-experimental study was carried out based on a pretest-posttest one group design with two purposes: (1) to investigate the effect of the process writing approach (PWA) on the essay writing performance of students of English in an overly large class at a Thai university, and (2) to explore the participants’ opinions towards the PWA. The participants were 55 third-year students of English purposively selected for the study. The experimental procedures for the investigation lasted 10 weeks. The data with regard to the dimension of writing performance were obtained via evaluation by two experts based on Jacobs et al.’s (1981) ESL Composition Profile of academic essays generated by the students at the beginning and end of the treatment. Data pertaining to the participants’ opinions were collected through the Process Writing Approach (PWA) questionnaire. The pre-and post-test scores were computed for mean score differences using a paired sample t-test, and descriptive statistics were used to analyze the questionnaire data. The results showed that the process writing approach had a significant effect (p<.05) on the writing performance of the students in an overly large class, and the students expressed very positive opinions towards the PWA. Implications for the use of process writing approach in an overcrowded EFL writing class and recommendations for further written expression studies were offered. Keywords: Large classes, Process Writing Approach, EFL writing

Towards Knowledge Economy: A Comparative Study of Indonesian and South Korean Internationalization of Higher Education

Abstract: Rapid development of information and technology in this globalization era has driven the transition of world economy, from previously labor and market economy to knowledge economy Nation-states’ global competitiveness is measured partly by the number of highly educated people within its society By becoming “world-class”, universities are believed to play an important role to boost a country’s competitiveness level This paper discusses the internationalization of higher education as one of important instruments in achieving the goal to create knowledge-based economy This study identifies the internationalization initiatives of the Indonesian and South Korean governments from national level, and universities from institutional level The objective of taking South Korea as comparison to Indonesia is because both countries are middle power and non-English speaking Asian countries, which started their internationalization in early 2000s with the same aspirations: higher education reform towards knowledge economy The results show that both Indonesia and South Korea have a state-led internationalization, with more advance development and achievement in South Korean case In the case of Indonesia, Indonesia still faces challenges such as the competitive regional arrangement in ASEAN; the dilemma between quantitative targets and quality assurance of internationalization initiatives such as international publication, patents, and international students; also the challenge to create more detail programs and strategies other than just financial supports from government to widen up the other aspects of internationalization efforts However, with the internationalization agenda rising in many countries, Indonesia has the opportunity to take a lesson from other countries’ experiences, including from South Korea Keywords: internationalization, higher education, knowledge economy, Indonesia, South Korea

From Theory to Practice of Signaling Theory: Sustainability Reporting Strategy Impact on Stock Price Crash Risk with Sustainability Reporting Quality as Mediating Variable

Abstract: Stock Price Crash Risk (SPCR) is the risk of stock price collapse. SPCR conditions must be understood by stakeholders, among others: for regulators in order to avoid the devastation of stock prices that have systemic impact on the capital market; for suppliers to sell their products to the company; for company employees to maintain the sustainability of the company so that they can still work; for shareholders to keep the stock of the company from the risk of delisting in the capital market; to the prospective investor as the basis of investment decision in the capital market; and to the Investment Manager in order to master the stock portfolio risk knowledge in the capital market. We examine the relation among implementation of sustainability reporting strategy (SRS) impact on SPCR with sustainability reporting quality (SRQ) as variable intervening. Using signaling theory, we find that a good company will provide signal hints for stakeholders regarding SRS that have a significant effect on the SRQ. This provides legitimacy for the company by gaining stakeholders’ confidence to buy its stocks (shares) so as to minimize SPCR. Keywords: Signaling theory, stock price crash risk (SPCR), sustainability reporting strategy (SRS), sustainability reporting quality (SRQ)

The Effect of Regional Own-source Revenue, Tax Revenue-sharing Fund, General Allocation Fund and Special Allocation Fund to the Human Development Index (Based on the Study of Provincial Government in Indonesia)

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Linguistic Taboos in Karonese Culture

Abstract: This paper investigates the linguistic taboos in the Karonese culture viewed from linguistic anthropology point of view. It concerns with the meaning of taboo based on performance, indexicality, and participation [4]. With this approach, linguistic taboos are explored not only from its lexical or words only, they are viewed from the process of communication totally, included lexical or words, the way to speak, the participants of speaking, and the contexts of communication. The theory used is proposed by Freud (1913/2004: 21), that taboo, on the one hand, is sacred, consecrated, and on the other uncanny, dangerous, forbidden, and unclean. Thus ‘taboo’ has about it a sense of something unapproachable and it is principally expressed in prohibitions and restrictions. Ethnographic method proposed by Spradley (1980) is applied in doing the research. The result shows that the linguistics taboos are classified into taboo in kinship, i.e. between bengkila and permain, turangku and turangku, and mami and kela; context-specific taboos, i.e. words derived from non-taboo words: such as organs of body, animals and supernatural entity, and certain words; and words related to social and physical defects: such as illness, death, and killing; and general taboos, i.e. swearing and unmentionable words. The swearing includes scatology or dirt, sexual organs, sexual acts, mothers or family, ancestors, animals, death, illness, and prostitution. Whereas, unmentionable words include dirty words relating to sex organs, sexual activities, bodily effluvia, micturition and defecation, and naming or addressing family and relatives. Keywords: taboo, kinship, swearing, sexual

Tree-Seed Algorithm for Large-Scale Binary Optimization

Abstract: Population-based swarm or evolutionary computation algorithms in optimization are attracted the interest of the researchers due their simple structure, optimization performance, easy-adaptation. Binary optimization problems can be also solved by using these algorithms. This paper focuses on solving large scale binary optimization problems by using Tree-Seed Algorithm (TSA) proposed for solving continuous optimization problems by imitating relationship between the trees and their seeds in nature. The basic TSA is modified by using xor logic gate for solving binary optimization problems in this study. In order to investigate the performance of the proposed algorithm, the numeric benchmark problems with the different dimensions are considered and obtained results show that the proposed algorithm produces effective and comparable solutions in terms of solution quality. Keywords : binary optimization, tree-seed algorithm, xor-gate, large-scale optimization

The Effect of Intellectual Capital on Business Performance in Micro-, Small-, and Medium Enterprise (MSME) in Medan City

Abstract: The Ministry of Cooperative and SME discloses currently the number of SME is 56.5 million units and 98.9% is micro, one of which is fashion business that is needed by the people (HTTPS://www.antaranews.com). The phenomenon of people’s demand for clothing has become an opportunity for the creative industry community to develop a business in the fashion industry by presenting the fulfillment ground for clothing shopping. The objectives of this research are to analyze the influence of Intellectual Capital on Business Performance and to analyze the influence of Human Capital, Technological Capital, Customer Capital, and Social Capital partially on Business Performance. The sample of this study is 76 MSME in fashion industry that have operated for more than two years and specifically along Universitas Sumatera Utara. Result shows that intellectual capital has a positive and significant effect on business performance. Human capital, technological capital, and social capital partially have positive and significant effect on business performance. While customer capital has insignificant effect on business performance. In general, MSMEs owner and manager should focus in improving intellectual capital strategy in order to improve the business performance. Keywords: intellectual capital, business performance, human capital, technological capital, customer capital, and social capital