Indonesian Corporate Research Articles

Determinasi Triple Bottom Line Disclosure Terhadap Nilai Perusahaan dengan Profitabilitas dan Volatilitas Arus Kas Sebagai Pemoderasi dan Ukuran Perusahaan Sebagai Variabel Kontrol

This study aims to examine the effect of The Triple Bottom Line (TBL) on firm value moderated by profitability and cash flow volatility. The two moderaing variables are controlled by firm size as a control variable. The sample was taken using a purposive sampling technique and the sample obtained was 43 companies that won Indonesia Corporate Social Responsibility Awards (ICSRA) 2021. This study used Moderated Regression Analysis (MRA). The result show that The Triple Bottom Line (TBL) and cash flow volatility have no effect on the value of the Indonesia Corporate Social Responsibility Awards (ICSRA) 2021. Meanwhile, profitability has a negative effect on firm value. In term of moderation, its is found that profitability is proven to be able to strengthen the relationship between the Triple Bottom Line (TBL) and firm value. Meanwhile, cash flow volatility was not able to strenghthen the relationship between the Triple Bottom Line (TBL) and firm value.

Determinants of corporate governance compliance: what matters and what does not?

PurposeThe objective of this study is to assess the level of corporate governance (CG) compliance and identify determinants of high compliance in Indonesian publicly listed corporations including family and nonfamily firms. The country uses a voluntary disclosure approach to enforce its regulations; thus, it is important to identify the factors affecting compliance.Design/methodology/approachEmploying a logistic regression model, this paper analyzes the CG index of high-compliance vs. poor-compliance companies and emphasizes factors that contribute to better governance compliance. The CG index of high-compliant firms is almost twice as high as that of low-compliant firms.FindingsThe study explores factors that contribute to high CG in an emerging market like Indonesian corporations. The study's findings indicate that family-owned businesses predominate in the low-compliance group. High-compliance firms are older and larger with higher financial performance, free float and leverage, as well as a positive influence of the founder's great leadership. The results support theoretical arguments that concentrated ownership and excessive majority shareholder control are key factors in determining the likelihood of good governance practices by firms. Hence, the market and regulators should devise effective strategies to encourage and reward high compliance.Research limitations/implicationsThe findings of the research offer several implications for the academic community and policymakers. Improving CG at the firm level is a viable goal, even though the agenda to reform minority investor protection laws and increase judicial quality is challenging and may take a long time to show significant results. Moreover, this study has some limitations that could be addressed in future research. The study focuses on a single-country setting, Indonesia. There are cultural aspects and governance settings that may be unique in the Indonesian context, which may limit the applicability of the findings to other countries with their own cultural settings and institutional legal framework.Originality/valueThe study investigates the factors that influence high governance compliance in specific CG regulations designed for the emerging Indonesian market. The study also discovers evidence that the crisis period has a favorable impact on the firm's decision to comply with governance provisions.

Pengaruh Faktor Internal Bank dan Makroekonomi Terhadap Prediksi Krisis Perbankan Syariah di Indonesia Dengan Menggunakan CD Indeks Periode 2016 – 2020

Abstract The purpose of this study is to analyze the Bank's volatility in the face of the banking crisis in the period 2016-2020. This type of research is a type of quantitative research. Research design using kausal research. The population in this study is Indonesia's corporate banking sector in 2016-2020. A sample of 11 banks has published financial reports in 2016-2020. The data analysis technique used in this study is logistical regression analysis and with Crisis and Default Index measurements. The results of the analysis of the data in this study are that there is a negative impact of capital practised by the Capital Adequacy Ratio on the banking crisis. There is no negative impact of asset quality practised by the Non Performing Fund on the banking crisis. There is no positive impact of Management on the banking crisis. There's a negative effect of Earning being practised with Return On Assets on the banking crisis. There is a positive impact of liquidity that is practised with Loan to Deposit Ratio on the banking crisis. There's a negative impact of Sensitivity to Market Risk on the banking crisis. There is a negative impact of the economic growth of the Rile on the banking crisis. There is a positive impact of inflation on the banking crisis.

TAX PLANNING AND DEFERRED TAX EXPENSE ON THE VALUE OF MULTINATIONAL COMPANIES IN INDONESIA

For many parties, particularly the enterprise's stakeholders, the proportion of enterprise value plays a crucial role in their decision-making process. Naturally, every business works hard to raise value in order to maintain its top spot from prior years. An enterprise's ability to increase its value is aided by many things. This study looks at how tax planning and deferred taxation affect the value of multinational enterprises in Indonesia. 24 multinational manufacturing enterprises listed on the Indonesian Stock Exchange throughout the observation years 2020–2022 make up the sample for this study. This study combines an analysis of multiple linear regression with Eviews 12 and a quantitative method with stratified random sampling. The secondary data that was used came from an Indonesian multinational enterprise's financial reports that were posted on the idx.co.id website. The findings of the study indicate that tax planning and deferred tax burden have an impact on the value of multinational corporations in Indonesia.

Systematic Literature Review and Research Agenda of Corporate Governance in Indonesia

This study aims to provide a comprehensive overview from various studies in the scope of corporate governance in the Indonesian market using systematic literature review method. This study provide insights about Indonesian corporate governance studies phases, identify gaps, and suggest outlines for future agenda research. There are 37 studies include in this systematic literature review study. The study used after doing an assessment of the quality, based on predetermined criteria. Furthermore, the studies used will be extracted to collect the methodology, theories, characteristics, and results of the research. From this study, we can conclude that in general, Indonesian good corporate governance led companies to improve its financial performance positively. Even the corporate governance code also encourages companies to produce voluntary disclosures in various fields. From this review, a conclusion can be drawn from the research which mentions the results that contradict with the theories and the general results of the research. The gaps in the results are caused by the differences in methodologies, sample, and study period. Further, this condition can be explained by the presence of moderating variables in the form of Indonesia's political and economic conditions.

Star intrapreneurs:characteristics of Indonesian corporate entrepreneurs

Global competition has been driving many companies globally, including in Indonesia, to develop intrapreneurship within their organizations. The current study offers the concept of star intrapreneurs to examine the intrapreneur character scale which operates at the individual level within the cultural context of Indonesia. The concept of intrapreneurship in this study consisted of two dimensions: the person and the interaction. The dimension of person has three sub-dimensions: pattern of constructive thinking, pattern of positive attitude, and pattern of productive action. Meanwhile, the dimension of interaction also consisted of three subdimensions: friend in thinking, interlocutor, and partner in action. Visually, the six sub-dimensions are depicted in the form of a star with six corner points. Confirmatory factors analysis was used. This study has proven that the two dimensions and the six sub-dimensions of star intrapreneurs are acceptable and correlate with individual work performance as an external validator.

The Phenomenon oOf Internal Audit Supervision in Fighting Corruption and Creating an Anti-Fraud Culture in Corporations in Indonesia

Indonesia was shocked by the disclosure of a scandal in a corruption case involving a prominent company engaged in aviation services. This is closely related to the public’s question regarding how and to what extent the internal audit function within a company can fight against corruption and create an anti-fraud culture within the company itself. In fact, the phenomenon of internal auditors in eradicating corruption and creating an anti-fraud culture in a corporation can create two sides of a knife with common interests. These interests are supported by one side of the internal auditor and another in terms of culture and regulations that are less supportive of creating anti-fraud and anti-corruption. Two main factors that weaken the internal auditors the lack of integrity due to conflicts of interest between internal auditors and company employees, and the lack of individual capabilities in the technological era. Various ways can be done by the Government and stakeholders, as regulators, to optimize the role of internal auditors in eradicating corruption and creating an anti-fraud culture.

Institutional development of farmers through agricultural area-based corporations in Indonesia

Institutional development of farmers through corporations in agricultural areas in Indonesia faces basic problems with both formal organization and weak organizational capacity, thus partly causing institutional strengthening programs for farmers rather hard to achieve. This study aims to identify and formulate policy recommendations regarding the institutional development and its integration as necessary partners of agricultural area-based corporations. The analysis used is descriptive qualitative through interviews with key informants (key informants). The research itself was conducted at the Ministry of Agriculture in 2022. The results show that the integration of farmer institutions is carried out in a regional approach, providing a regional development management by building farmer corporations which process is carried out in Kostratani units. Meanwhile, the concept of a farmer corporation itself is only implicitly contained in Law No. 19 of 2013 concerning the Protection and Empowerment of Farmers, which is called the Farmer Economic Institution. Explicitly the concept of “farmer corporations” is stated in the Minister of Agriculture Number 18 of 2018 concerning Guidelines for the Development of Farmers’ Corporation-Based Agricultural Areas. Ensuring the development of corporate institutions can run well, it is necessary that the present farmer institutions in the form of Poktan and Gapoktan which are not that legally official as corporation entities, must be integrated with legal entities, namely cooperatives or companies.

Reconstruction of Liability for Corruption Involving Corporations Based on the Justice Value

The formulation of the problem in this study is what are the weaknesses of the accountability for criminal acts of corruption involving corporations in Indonesia Currently and How is the reconstruction of the accountability for criminal acts of corruption involving corporations in Indonesia based on the justice value in a Sociological-Juridical Type of Research where the researcher's primary data refers to data or facts and legal cases that are obtained directly through research in the field, including information from respondents related to the object of research and practices that can be seen and related to the object of research. Secondary data is done by means of literature study. Secondary data in this study include: Primary legal materials, which consist of: 1945 Constitution of the Republic of Indonesia, Law No. 2 of 2011 concerning Amendments to Law No. 2 of 2008 concerning Political Parties. The results of the study shows that the weakness of accountability for criminal acts of corruption involving corporations is from the aspect of legal substance, that the purpose of punishment in the Criminal Code has not been properly implemented in corporations. Weaknesses from the aspect of legal structure, that there is no synergy between law enforcers so that they are no longer fragmented, and weaknesses from aspects of legal culture, including the low loyalty of the law enforcement officers in carrying out and carrying out state duties, behavior patterns and professionalism. Apparatus is one of the main problems that must be studied for reform and become a solution in the enforcement of integral corporate criminal responsibility. Therefore the Reconstruction of accountability for criminal acts of corruption involving corporations based on the value of justice is in Article 15 and Article 20 paragraph 8 of Law Number 20 of 2001.

Factors that Encourage the Implementation of Alternative Dispute Resolution Between Indigenous Peoples and Corporations in Indonesia

In essence, customary law prioritizes the existence of deliberation and consensus, both in the family, kinship, neighborliness starting a job or in ending the work between one and the other, preferably the way of settlement in harmony and peace with deliberation and consensus, by forgiving each other without having to rush the relationship directly brought or delivered to the state court. However, it is necessary to evaluate in-depth the implementation of alternative effectiveness of environmental dispute resolution to comply with local wisdom to realize social justice. Therefore, the authors examined the factors that influence the implementation of alternative environmental solutions with the type of socio-legal research and enforcement of legal sociology.

Pengaruh CAR, FDR, BOPO dan PDRB terhadap Non-Performing Financing pada Bank Umum Syariah BUMD di Indonesia

The purpose of this study was to determine the influence of Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), Operational Expenses on Operational Financing (BOPO) and Gross Regional Domestic Product (GRDP) partially on Non-Performing Financing (NPF) in Sharia Bank of Municipally-Owned Corporations in Indonesia The data analysis technique used is path analysis. This study selected a sample with a purposive sampling method and selected three Islamic Commercial Banks to be used. The data used is secondary data sourced from the financial reports of Islamic Commercial Banks and the Central Statistics Agency which have been published and collected using documentation techniques or direct quotations. The results of this study indicate that CAR, FDR, and GRDP have no effect on NPF meanwhile BOPO has an effect on NPF.

Kontrak Kerja Sama Usaha Di Indonesia Dalam Perspektif Hukum Islam

The existence of varied form of corporation contract in Indonesia cannot be separated from the existence of corporation forms regulated in the constitution. The forms of corporation as like companies, firms, commanditer companies, PT, and cooperation which come from the constitution of colonial Netherland are surely influenced by the capitalist of western economic system. Meanwhile, in Islamic law there are mechanism of corporations in every sector, like al-Shirkah, al-Mudharabah, al-Muzaro’ah, and al-Musaqoh. This research discusses various mechanisms of corporation that are regulated in the constitution in Indonesia and in Islamic law, and the comparison between both of them. By using qualitative research design through library research in each law product, analyzing the content and comparative analysis, it can be concluded that the various forms of corporation in Indonesia can be made same with (al-Qiyas al-Musawi) the various forms of corporation in Islamic law. This similarity can be seen from the agreement, the goal, the right, the true effort, the important of the agreement, the authority of the people, and the separation aspect. However, there is exception in the law of obligation. The obligation law in the mechanism of the corporation contract cannot be true (haram) since it is not in line with al-Qur’an and the rules in the various forms of corporation contract in Islamic law.

Pentingnya Transparansi Beneficial Ownership oleh Korporasi

The development of the business world in Indonesia in the current modern era creates a new legal phenomenon that needs attention. This legal phenomenon is the existence of crimes that are hidden within the corporation. Therefore, Indonesia implements beneficial owner transparency for all corporations. Â The purpose of this study is to analyze the application of beneficial owners in Indonesia. The method used in this research is normative juridical using the Theory of Law as a tool of social engineering by Roscoe Pound.Based on the results of the study, it was found that the implementation of BO transparency in Indonesian corporations had not gone well. Only 8.3% percent of companies in Indonesia report BO, even though Indonesia has regulated the obligation to report BO in Presidential Decree No. 13 of 2018. This shows that the laws made have not been able to manipulate and or change people's behavior.

Analysis of Business Communication Strategy for Information Technology Lazada Indonesia

Business strategy is the main thinking base in determining information technology strategy because the strategy states the company's vision and mission as well as performance targets for each function and organizational structure.The purpose of this study was to determine the business communication strategy in the field of information technology in supporting sales at PT Lazada Indonesia. This study uses a qualitative approach and constructivism paradigm. The analysis technique used is data collection, data reduction, data presentation and drawing conclusions and verification. The results of the study state that through the media website, Lazada Indonesia can conduct business communication with consumers. Lazada Logistics Indonesia's Corporate IT in its business communication strategy uses Alibaba's baseline communication, only different cultures. The business communication strategy has been effective, as evidenced by the lack of complaints, as evidenced by user reduce complaints, issues that are handled so that they do not recur. In the face of increasingly fierce competition, Lazada Corporate IT needs to make improvements, make something different from other e-commerce, and carry out IT improve support for other teams to be able to compete. The solution in dealing with obstacles is that each leader has a special way, each is more flexible, makes the team like friends, raises awareness in working according to their respective personalities. Communicating with related teams, treating users when there is an issue down, the IT team always backing up, lips service – performance. Lazada Logistics Indonesia Corporate IT always conducts evaluations, internally weekly meetings, reports and evaluations are carried out. Externally it is always done, there is an “IT-Help Desk” asking users for complaints, identification and action.

Corporate Social Responsibility(CSR) Evaluation & Effectiveness of Disclosure and its Impact on Financial Performance: A Case of Indonesian Corporations by Longitudinal Evidence

Abstract: Purpose: To see if corporate social responsibility (CSR) is linked to financial performance in Indonesian enterprises. Despite the fact that CSR was first revealed in Indonesia. Method:This study, which is based on a longitudinal information study, consists of the two hundred most famous organizations, which were chosen from 672 recorded corporations that lead Bursa Indonesia between 2010 and 2020 by content Analysis. Secondary data analysis of recorded market data from Indonesia was used in this study. The necessary information was retrieved and recorded so that it could be analyzed subsequently. Additionally, SPSS was used to analyze the filtered data from which a generalized linear regression model was adopted. Result: The linearity test reveals a linear link between Corporate Social Responsibility and Firm Performance. Leverage, income per share, firm size, resource turnover, and corporate social responsibility have all been identified as critical indicators of an organization's financial performance in past studies. The present results corroborate this. Limitation: Expanding the specimen estimate, possibly to different agencies not fundamentally recorded; probably to 250 best organizations in Indonesia may consider a preferred measure of the impact that CSR has on the financial performance of Indonesian agencies. Contributions: Through its observations and discussions, this research contributes to theoretical and methodological advancements in the field of business. The report reinforces and advises businesses on the importance of corporate responsibility in their quest to increase financial performance, particularly in Indonesia. If enterprises follow the study's recommendations, they can achieve unprecedented levels of financial enactment. Keywords: 1. CSR 2. Stakeholder 3. organization 4. corporate 5. engagement 6. investor 7. commitment 8. Financial 9. Performance

The Idea of Implementing a Deferred Prosecution Agreement with the Anti-Bribery Management System in Corruption Crime Management by Corporations in Indonesia

Corporations are entities that have a large role in society, there are many positive roles to life, but not a few negative existences of activities that arise, including corruption. The purpose of this article is to analyze the implementation of the Deferred Prosecution Agreement (DPA) with the Anti-Bribery Management System (ABMS) in dealing with Corruption by Corporations in Indonesia. The method used in this article is normative juridical legal research. This article concludes ways to eradicate corrupt acts carried out remarkably, in turn experiencing obstacles in terms of the functioning of criminal law, even it can be said to be counter-productive. This is a concrete step towards the idea of implementing DPA as a restorative approach in the context of tackling corruption acts committed by corporations. By using the Anti-Bribery Management System (ABMS), it is expected that corrective steps will be obtained from the corporation.

Fulfillment of Human Rights By Transnational Corporations In Indonesia: Perspective of International Norms

Leniency in the implementation of rules on the fulfillment of human rights by the Government to TNC as an entity in Indonesia. This research aims to describe the fulfillment of human rights by transnational corporations in International Norms. This research used normative research methods, focusing on the differences that occur in the field (das sein) namely the policy of the Government of Indonesia in realizing the fulfillment of human rights by TNC, with legal norms that should be implemented (das sollen) namely international norms. The data source used is a primary and secondary data source with a deductive thinkingpattern. The results showed that the State as a duty holder for citizens, is authorized to issue regulations on human rights respect by TNC in order to minimize human rights violations. Domestic regulations are necessary to be the attachment of TNC operating within the territory of the country to be subject to the applicable constitutional rules, so that respect, protection, and rehabilitation of human rights can run optimally.

Boardroom integrity and the crusade against fraud: Navigating corporate governance in Indonesia

This study delves into the intricate landscape of corporate governance within Indonesian corporations, scrutinizing its efficacy in deterring financial statement fraud. By amalgamating insights from a systematic literature review, quantitative analyses of secondary data, and logistic regression methods, the research elucidates the multifaceted interplay between various governance mechanisms and the persistence of fraudulent activities. Central to our findings is the pivotal role of board size in enhancing corporate oversight and mitigating fraud, juxtaposed against the ambiguous impacts of other governance elements such as audit committee effectiveness and board experience. This complexity underscores the paramount importance of ethical leadership and the "tone at the top" in fostering a corporate culture steeped in integrity, which is instrumental in fraud prevention. The paper posits that the dual focus on strengthening structural governance frameworks and nurturing ethical corporate leadership is essential for safeguarding Indonesia's economic integrity and promoting sustainable development. Through this lens, the study not only contributes to the academic discourse on corporate governance but also offers actionable insights for policymakers, corporate leaders, and regulatory bodies striving to combat corporate fraud in Indonesia.

Star Intrapreneurs: Characteristics of Indonesian Corporate Entrepreneurs

Star Intrapreneurs: Characteristics of Indonesian Corporate Entrepreneurs

Influence of Halal Certification on Innovation and Financial Performance

This research is to empirically examine the influence of halal certification on innovation and financial performance by adopting Resource Based View (RBV) theory. The data used were the financial statements of food and beverage corporates listed at Indonesian Stock Exchange of 2015-2018 period. The analysis method employed was multiple linear regression using SPSS. The results show that halal certification significantly and positively affects financial performance. Similarly, innovation also results in positive and significant effect on financial performance, and halal certification positively and significantly affects innovation and financial performance. A number of implications are catered by this research, such as theoretical contribution toward the existing literature related to food corporations in Indonesia. This is expected to be a reference for the study on halal food corporation in Indonesia, as well as to provide knowledge of the improvement of financial performance and innovation through halal certification for food corporate management. performance and innovation through halal certification for food corporate management.