PENGARUH KARAKTERISTIK CEO TERHADAP PENGUNGKAPAN INFORMASI ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG)

This study intends to examine the effect of CEO characteristics on environmental, social, and governance (ESG) disclosure. We took sample by using pusposive technique in� public listed companies in Indonesia during 2012-2017 periods. A total of 159 firms-years observations were included in the sample. The results indicate that CEO�s tenure and CEO�s age impact ESG disclosure negatively, while educational background impact ESG disclosure positively. Our findings provide new evidence on the role of CEO on companies�s sustainability performance. The findings are expected to be able to ensure the importance of choosing the right CEO�s characteristics in order to enhance ESG disclosure.

PERAN KNOWLEDGE SHARING, LEARNING ORGANIZATION DAN KAPABILITAS INOVASI INDIVIDUAL TERHADAP KINERJA KARYAWAN

The purpose of this study was to determine the effect of Knowledge Sharing, Learning Organization, and Individual Innovation Capability variables on the improvement of Employee Performance. The data used in this study were primary data in the form of questionnaires totaling 50 respondents of functional functional employees in the Center for Agricultural Technology Study in Central Java.The section consists of instructors, researchers, technicians and librarians. The sampling technique used in this study was purposive sampling. Testing of this study used path analysis and to test the effect of intervening variables used the sobel test. The results showed that (1) knowledge sharing has a positive effect on employee performance,(2) knowledge sharing has a positive effect on individual innovation capability,(3)individual innovation capability has a positive effect on employee performance,(4) learning organization has a positive effect on employee performance,(5) learning organization has a positive effect on individual innovation capability,(6) learning organization has a positive effect on knowledge sharing. In this study, of the 4 variables that have the most influence in relation to one another. Namely the Individual Innovation Capability variable with a beta amount of 0.530. This shows that the real employees in their hearts need support to explore themselves. Then get the freedom to express new innovations they find and be given training in new technologies. Digital technology and financial support are very important for the growth of innovation so that it can improve performance.Keywords: Knowledge Sharing, Learning Organization, Individual Innovation Capability, Employee Performance

MENINGKATKAN INNOVATION PERFORMANCE : MELALUI ABSORPTIVE CAPACITY, KNOWLEDGE MANAGEMENT CAPABILITY, DAN GENERATIONAL DIVERSITY

This study aims to analyze the capacity of family micro, small and medium enterprises (MSMEs) to absorb and manage relevant information from their immediate environment, and incorporate it into their innovative activities. This research also seeks to improve our understanding of the role of diversity in the generation of corporate management. This research was conducted on 126 family MSME owners in Central Java Province who are respondents with criteria that have been operating for 2 years or more and are managed by family members. The type of data in this study was obtained from primary data. Primary data obtained directly from the main source by filling out questionnaires in the form of online (google form) distributed through MSME communities and offline (print out sheets) by visiting the location of MSME families. Data analysis method used in this study is Partial Least Square (PLS) with the help of SmartPLS 3.0 software. The results showed that there was a significant positive effect on absorptive capacity on innovation performance and knowledge management capability in family MSMEs, while the role of generational diversity (multi-generation) did not have a moderating effect in strengthening the relationship between absorptive capacity and innovation performance.

PERAN DANA PIHAK KETIGA DALAM MEMEDIASI PENGARUH NET INTEREST MARGIN TERHADAP PERTUMBUHAN KREDIT PADA PERBANKAN YANG GO PUBLIC DI BURSA EFEK INDONESIA

AbstractsThe study found empirical proof the role of third party funds (DPK) mediate the influence of net interest margin (NIM) on bank credit growth listed in Indonesia Stock Exchange on 2015-2018. The study uses data from the bank�s annual financial statements. The Study covers 22 commercial banks resulting in 88 bank-year observations. Research using Smartpls 3.0 statistical tools to process data and path analysis to compute data. The results obtained are third party funds (DPK) that can positively mediate the influence of net interest margin (NIM) on credit growth. The greater DPK create the profitability of bank interest rates increases bank credit growth. Partially Net interest margin (NIM) and third party funds (DPK) can increase bank credit growth. Net interest margin (NIM) also can increase the amount of third party funds (DPK). This study is useful for bank management to make decisions on determining bank margins, obtaining third party funds (DPK) and credit, for the government for study and mapping materials related to bank lending and the amount of bank interest rates, for further research is for reference material related to factors affecting lending.Keywords : Net Interest Margin, Third Party Fund, Credit, IDX

MODEL PEMBENTUKAN BRAND LOYALTY MELALUI REBRANDING DAN RATIONAL APPEALS

In the competitive telecomunication industry, brand loyalty has become an important issue. Strong brand and marketing activity are becoming one of the critical levers for company�s differentiation and successed. The aim of this study is to find the impact of rebranding and rational appeals on brand loyalty development while using brand image as mediator in Indosat Ooredoo. The sample consist of 100 respondent as Indosat Ooredoo consumer who live in Semarang. Through a structured questionnaire data were collected and with the help of SPSS, analysis was made. The results reveal that rational appeals and rebranding has significant effects on brand image. Rebranding has no impact on brand loyalty, while Indosat Ooredoo�s rational appeals and brand image has significant effect on building consumer�s brand loyalty. In the other side, rational appeals has directly impact on brand loyalty, while rebranding has undirect impact on loyalty throuh brand image as mediator.Keywords: rebranding, rational appeals, brand image, brand loyalty

PERAN SIZE DALAM MEMODERASI PENGARUH PROFITABILITAS, INVESMENT OPPOURTUNITY COST DAN LEVERAGE TERHADAP KEBIJAKAN DEVIDEN

This study aims to determine the effect of profitability, investment opportunity set (IOS), and leverage to dividend policy with moderated size. This study was conducted because there are several previous studies that show that the results of his research there are inconsistencies.The population in this study is a manufacturing company listed on the Indonesia Stock Exchange (BEI). The method of determining the sample is done by purposive sampling method, and based on predetermined criteria, the sample amount is 190 sample of manufacturing company during 2009-2018 period.The analysis technique used is multiple linear regression analysis. To knowthe variable size as a moderate variable or not tested interaction ModeratedReggresion Analysis (MRA).The results show that profitability and leverage are not able to influence thecompany's dividend policy. The dividend policy is influenced by the investment opportunity set (IOS). Size is not able to moderate the effect ofprofitability, investment opportunity set (IOS) and leverage to dividend policy.

Analisis Faktor-Faktor yang Mempengaruhi Keputusan Investasi Pelaku UMKM Di Kudus

The purpose of this study is to examine the factors that influence the investment decisions of SMEs entrepreneurs in Kudus, which consist of financial literacy, demographic factors and risk tolerance. This study uses primary data from a sample of 80 entrepreneurs chosen randomly in Kudus Regency. The research method uses multiple regression analysis with the help of the SPSS 23. The results of this study indicate that financial literacy has a significant positive effect on the investment decisions of SMEs entrepreneurs in Kudus. Meanwhile demographic and risk tolerance factors do not have a significant influence on investment decisions.

ANALISIS INVENTORY TURN OVER DALAM MENINGKATKAN PROFITABILITAS PADA MATAHARI DEPARTMENT STORE TBK

Inventory turnover is an important thing that must be considered for each company, how muchinventory is rotating in one period. Because the more frequent inventory turnover, the moreprofit will be generated. The purpose of this study is to find out the Inventory Turn over analysisin increasing profitability at Matahari Department Store Tbk (LPPF) which is listed on theIndonesia Stock Exchange (IDX) for the period 2013 to 2017. This data uses secondary dataobtained from www.idx.co .id. The results of this study have fluctuations in sales from 2013 to2017. Which shows that inventory turnover at Matahari Department Store Tbk (LPPF) is lessoptimal and unstable so that it influences the ability of profits generated by the company.Keywords: Inventory Turn Over, Profitability

HUBUNGAN MANAGERIAL OVERCONFIDENCE, KEPEMILIKAN PEMERINTAH DAN KEPUTUSAN PEMBIAYAAN PERUSAHAAN

This study examines the effect of managerial overconfidence on corporate financing whichmeasured by leverage ratio. Also it investigates the moderating effect of government ownershipon the relationship between managerial overconfidence and leverage. The managerialoverconfidence is measured by photo profile, degree of education, experience, gender andnetwork. The sample consists of 176 public companies listed on Indonesia Stock Exchange in2017. The results of this study show that managerial overconfidence proxied by photo profile hasa negatively effect on leverage. Other results find that experience and network positively affecton leverage. However, this study failed to show that level of education, gender, governmentownership have significant effect on leverage. In addition, government ownership does not actas a moderating variable that influence the relationship between managerial overconfidence andleverage. The implications of this study suggest that the personal characteristics of managersuch as profile, experience and network should be considered as factors that may influencelevel of corporate financing.Keywords: managerial overconfidence, government ownership, financing, leverage, upperechelon theory

ANALISIS PENILAIAN HARGA WAJAR SAHAM DAN KEPUTUSAN INVESTASI SECARA FUNDAMENTAL DENGAN MENGGUNAKAN METODE PRICE EARNING RATIO (Studi Keuangan Pada Sektor Industri Barang Konsumsi Yang Terdaftar Di BEI)

This study aims to determine the fair price of shares and investment decisions fundamentallyby using the Price Earning Ratio approach seen from the development of the company’sfinancial condition. The fundamental variables used are ROE, EPS, DPS, PER, DPR. The typeof research used is quantitative descriptive. This study analyzed six companies as a sample,namely PT Delta Djakarta Tbk, PT Indofood Sukses Makmur Tbk, PT Kalbe Farma Tbk, PTMulti Bintang Indonesia Tbk, PT Jamu and Pharmaceutical Industry Sido Muncul Tbk and PTTempo Scan Pacific Tbk. The sample was obtained using purposive sampling technique. Theresults of this study indicate that PT. Delta Djakarta Tbk is in an overvalued position so thatthe investment decision that can be taken is by selling the shares. While PT Indofood SuksesMakmur Tbk, PT Kalbe Farma Tbk and PT Jamu and Pharmaceutical Industry Sido Muncul Tbkare in a correctly valued position so that the investment decision that can be taken is by holdingthe shares. While PT Multi Bintang Indonesia Tbk and PT. Tempo Scan Pacific Tbk is in anundervalued position so that the investment decision that can be taken is by buying the shares. Keywords: Stock Valuation, Fundamental Analysis, Price Earning Ratio, Intrinsic Value, Investment Decision