Financial Agency Research Articles

THE INFLUENCE OF MOTIVATION, DISCIPLINE AND WORK EXPERIENCE ON EMPLOYEE PERFORMANCE WITH WORK ENVIRONMENT AS A MODERATION VARIABLE (A Case Study of Asn in Yogyakarta Province)

The aim of this study is analyzed the factors which influence the performance of the state civil servants (ASN / PNS) who work in the Regional Asset and Financial Management Agency in the Special Region of Yogyakarta. The object of this study are ASN because their performance was assumed not clearly detected. In this study their performance will be linked to work environment, motivation, discipline and work experience. The ASN who have long work experience, high motivation and high discipline resulted good performance. The study uses a moderation variable testing model. The Work Environment as a moderating variable that moderates the effect of the independent variable (motivation, discipline and work experience) on the dependent variable (performance). Work Environment is a working condition and facility faced by ASN. If the work environment is comfortable, ASN will be motivated to work well, so that performance is also high. Experienced ASNs tend to learn a lot from their experience so that their performance is higher. If the ASN is experienced and in a comfortable work environment, the performance will be higher. Likewise, if the ASN has a high level of motivation and discipline and is in a comfortable work environment, the performance will be even higher. The study was conducted by distributing questionnaires to ASN in the area of the Regional Financial and Asset Management Agency in all districts and cities of Wilayah DIY. Data obtained using multiple regression. The results of the data analysis show that the work environment has an effect on ASN performance. The work environment variable also moderates the relationship between work experience and performance.

ANALYSIS OF THE HEAD OF NAVAL ACCOUNTING PROSPECTIVE ASSESSMENT SYSTEM OF THE INDONESIAN NAVY BASED ON COMPETENCE BY ANALYTIC NETWORK PROCESS (ANP)

In the Navy's Posture Draft at 2005 to 2024, the readiness of Navy organization is determined by the component of Indonesian Navy's force consisting of personel, Alat Utama Sistem Persenjataan (defense system) and the method system it self. The Navy's Financial Accounting Unit as a Level IV Financial Agency is a unit that’s asked to assist the Commander / Head of the Unit to managing the management and administration of state finances. The selection or participation process is not only based on job descriptions, but must involve gentle and difficult factors. This study focuses on system analysis with several criteria in the position selection of Head of the accounting unit including soft and hard competencies and using the ANP method. This study aims to develop models and relevant criteria for selection of candidates for the Head of the Accounting Unit and provide alternative selection methods that can help the methods that have been used previously to get potential buyers who able to perform special tasks of the Navy. Furthermore, to process data, a literature study was conducted on the concept of MCDM, the Analytic Network Process (ANP). The Head of Account prospective scoring system application using Hypertext Preprocessor (PHP). The results of the study, obtained 5 criteria in the acquisition of Prospective Head of Accounts, these are Education, Competence, Health, Physical condition and performance. Then it produced a Candidate Account system in the form of software.
 Keyword : head of the accountant unit, soft and hard competencies, analytic network process (ANP),hypertext preprocessor (PHP)

The reproduction of capital through financial education

Financial education initiatives for children and teenagers in Germany advance a specific kind of financial agency. It identifies independence with dependence on money circuits, and adulthood with responsible use of contractual rights and obligations. Financial education naturalizes this agency by anchoring it in personality and household while disembedding it from society. I demonstrate this ethnographically to argue that such agency encourages a judicious management of payments that would minimize claims on the public purse and maximize the potential profitability of household resources. Its goal is to facilitate the reproduction of capital in support of finance-led accumulation.

Profitability Determinants of Manufacturing Firms in Indonesia

Purpose: The purpose of this study is to explore the most significant profitability determinants of the manufacturing companies in Indonesia. Design/Methodology/Approach: Several independent variables examined for their influence on profitability were working capital, firm size, firm growth, capital structure, and non-debt tax shields. The sample of this study were manufacturing firms listed on the Indonesia Stock Exchange from 2010 to 2017. The number of samples were 350 manufacturing companies. Findings: The results of this study indicate that working capital, firm size and firm growth were positively related to profitability. Meanwhile, capital structure and non-debt tax shield did not affect profitability. The findings of this study were consistent with the pecking order theory and the financial agency theory. Practical implications: This study implies that managers need to adjust their investment needs with the profitability that has been achieved and the total assets of the company, and to maximize the value of the company by managing current assets so that the rate of the return on marginal investment is equal to or greater than the cost of capital used to finance the current assets. Furthermore, financial managers must be able to determine essential investment objectives by maximizing the use of assets and fixed assets which are expected to make the company to enjoy the sales growth in the future. Originality/Value: Although this study organically builds upon recent studies about the firms’ profitability, it conducted in the new administrative setting in Indonesia, which is the Widodo’s administration. Widodo’s administration supports the manufacturing industry to be able to compete globally.

Perlakuan Akuntansi untuk Aset Bersejarah pada Situs Bung Karno Kabupaten Ende

This research aims to determine the accounting treatment for historical assets on the site of the PSAP of the Bung Karno Ende reviewed from 2010 (in terms of recognition, measurement, presentation and historical asset disclosure) this research is a Qualitative research using a case study approach to the Financial Management Agency and the regional assets of Ende Regency. Data collection is done using observation methods, interviews and documentation. Data analysis techniques used are qualitative descriptive.
 The results of this study showed that the regional Asset Finance Management Agency (BPKAD) Ende Regency, has not implemented the accounting treatment of historical assets of the site of Bung Karno in accordance with PSAP No. 07 year 2010. It can be seen as follows, BPKAD recognizes the site of Bung Karno is a historical asset is not a obligation because it has historical value and it is difficult to estimate the period of its benefits, but in terms of historical asset measurement of the site of Bung Karno judged only Buildings and buildings but the historical values have not been presented with zero value and are not disclosed in the records of the financial statements.

ANALISIS SURVIVAL DALAM MEMPREDIKSI KONDISI FINANCIAL DISTRESS

Companies are required to be able to maintain the survival of the company so that the company's goals can be achieved properly. Financial distress is one of the factors that causes companies to not be able to maintain their survival so that the company's goals are not achieved. Factors that cause the company is in a state of distress are internal and external factors. This study uses internal factors such as financial ratios, size, agency costs and external factor is inflation. This research method is a quantitative method using time series data. The regression model used is the cox proportional hazard regression model. Determination of the sample using purposive sampling so that 81 samples were used in this study. Based on the results of partial tests, leverage, liquidity, activity, company size, managerial agency costs do not have a significant effect on financial distress. Only inflation has a significant positive effect on financial distress.

Overview of Soil Water Tax Collection in Bandung Regional Financial Agency

Overview of Soil Water Tax Collection in Bandung Regional Financial Agency

Pengaruh Rasio Keuangan, Ukuran Perusahaan Dan Biaya Agensi Terhadap Financial Distress

This study discusses financial comparisons, company size and agency costs to financial difficulties. The sample used in this study is a retail company listed on the Stock Exchange in 2016-2018 with a sampling method that is purposive sampling, so a sample of 19 companies is obtained. This study uses logistic regression data analysis techniques. The results showed that profitability, liquidity had a significant negative effect and leverage had a significant positive effect on financial distress, while company size and agency costs had no significant effect on financial distress.

The Competency of Administrative Court in Adjudicating State Financial Losses Report Dispute in Indonesia

The debate on the absolute competency of the State Administrative Court in Indonesia to set the dispute over the State Financial Losses Report (LHPKKN) is proved to have caused dissenting opinion. The judgments between one administrative court to other court in Indonesia cause main problem of achieving justice and legal certainty. This research examines the issue of absolute competence of the Administrative Court in adjudicating disputes on the State Financial Losses Report published by the Financial and Development Monitoring Agency (BPKP). This article uses normative legal research and implement the statute approach, conceptual approach, and case approach. These approaches are used to discern and analyze several related legal materials or documents scientifically. The aims and objectives of this research are to find a legal solution on how this classic issue has to be approached and solved. As a result, it is found through this article that the Administrative Court has absolute competence in deciding disputes on the Report on the Calculation of State Financial Losses issued by the Financial and Development Monitoring Agency, which is supported by several fundamental reasons.

The two faces of R&D investments: push and pull factors

Prior research has examined how financial constraints and agency costs affect the allocation of investment in research and development (R&D). However, we still know little about the effect of both factors simultaneously. It is important to investigate this to determine whether the pull or push effect dominates in R&D investment allocation and to determine the causes and extent of R&D investment inefficiency further. While the pull effect reduces investment, the push effect encourages firms to invest more in R&D. The two-tier frontier model was used to examine data from Chinese listed firms from 2009 to 2014. The results indicate that agency costs (the push effect) are the predominant cause of R&D investment inefficiency. The push effect causes 87.97% of Chinese firms to overinvest and leads to an average overinvestment of 41.33% above the optimal level. Moreover, this R&D investment inefficiency is heterogeneous in terms of state ownership structures. A higher percentage of state-owned firms suffer from severe overinvestment. We also found that agency costs result from the principal-principal (PP) and not principal-agent (PA) conflicts in China.

Role played by FMC in the Indian Economy and Merger of Forward Market Commission in SEBI

Foreign exchange market in India started three decades ago when in 1978 the government allowed banks to trade foreign exchange with one another. Today over 70% of the trading in foreign exchange continues to take place in the inter-bank market. The market consists of over 90 Authorized Dealers (mostly banks) who transact currency among themselves and come out “square” or without exposure at the end of the trading day. Trading is regulated by the Foreign Exchange Dealers Association of India (FEDAI), a self-regulatory association of dealers. Since 2001, clearing and settlement functions in the foreign exchange market are largely carried out by the Clearing Corporation of India Limited (CCIL) that handles transactions of approximately 3.5 billion US dollars a day, about 80% of the total transactions. This paper is divided in to four sections section one deals with the introduction of the study along with the exchange rate systems, section two tries to explain the trends in the Indian foreign exchange market whereas section three explains the features of the different components of the foreign exchange markets, section four assess and analyse the regulations and the role played by the forward market commission in Indi till its merger. The Financial Sector Legislative Reforms Commission (FSLRC) had earlier stressed on the need to move away from sector-wise regulation. It proposed a system in which RBI would regulate the banking and payments system, and a Unified Financial Agency (UFA) would subsume all other financial sector regulators such as SEBI, IRDA, PFRDA and FMC, to regulate the rest of the financial markets, which results in the merger of the FMC with SEBI. Hence section four focuses on the recent merger of this organisation with SEBI.

Prosecutor's Authority in Conducting Auditing of State Losses Based on Law No. 16 of 2004 Concerning Prosecutors

There are still various problems related to law enforcement in the field of state finance, one of which is related to overlapping legal principles, especially in the context of solving the problem of state losses in corruption. The purpose of this research is to analyze the legal consequences that should have been on the results of state loss audits by the Prosecutor's Office, based on case studies of the decision of the Central Jakarta District Court No.25/PID.SUS/TPK/2014/PN.JKT.PST. This research is normative legal research with a statutory approach, a case approach, and a conceptual approach. The legal material analysis technique is done by the method of interpretation. The results show that in the authority to calculate state losses, prosecutors should be guided by the fact that the Financial and Development Supervisory Agency (BPKP) is authorized to do so. Decision of the Constitutional Court No.31/PUU-X/2012. The Constitutional Court's decision was not made by the Prosecutor in No.25/PID.SUS/TPK/2014/PN.JKT.SUS. shows the prosecutor's inconsistency. Because before the prosecutor ignored the decision of the Constitutional Court No. 21/PUU-XII/2014 regarding the determination of the suspect as a pretrial object. The prosecutor considered that the decision was not legally binding because it surpassed the Constitutional Court's decision. Keywords : state loss, corruption, audit, prosecutor. DOI : 10.7176/JLPG/92-24 Publication date: December 31 st 2019

Lease Certificates (Sukuk) As A New Finacial Instrument In Bond Market: A Case Study Of Turkish Capital Market

The Islamic finance, whose first modern applications based on 40 years before time, is defined as application of the principles and rules of Islam on the financial operations. The Islamic finance sector that comprises of Islamic banking, insurance and capital market, has recorded an important development with a 10-15% rate of growing and has started to be seen as an alternative financial agency model. Even though this model cannot be accepted as completed and matured together with its all components, especially the studies that are being carried on by many countries are giving us idea about that growing on the Islamic finance sector will continue at the forward years and will be more competitive. Islamic finance sector, even though has appeared because of the religious reasons, it has also been able to take the attention of the investors out of the members of Islam religion. Sukuk, with no doubt, has been the one that has taken the biggest share from this interest. “Sukuk” that can be deemed as today’s basic instrument of the Islamic financial system is a securities that shows owning to an entity and right of benefiting from that. At this study, primarily, development of the Islamic Finance all ever the world will be handled and then types of the sukuk operations as an Islamic Finance application and its applications at Turkey will be investigated.

ANALISIS EVALUASI PENATAUSAHAAN BARANG MILIK DAERAH

The objectives of this study were to evaluate the management of Government Fixed Assets inPegunungan Bintang Regency. The analysis technique used in this study was descriptive analysis.The paper described the Analysis of Regional Property Administration Evaluation in thePegunungan Bintang District Government. The data was shown in tables with numbers andpercentages to be analyzed further with descriptive analysis. In analyzing research data the authoruses qualitative descriptive analysis, also known as content analysis.The results of the study showed that the administration of regional fixed assets in terms of recordingthe assets, The Financial and Asset Management Agency (BPKAD) in Pegunungan BintangRegency has carried out the bookkeeping. This comprises of process of recording regional fixedassets in lists of its users, the inventory cards, and in the database of regional’s fixed assets. Beforerecording the assets, at first, Asset have been identified into its classification based on the type andcodes of regional fixed assets. Thus, in general, it can be concluded that the implementation ofaccounting in the administration of fixed assets in The Financial and Asset Management Agency ofPegunungan Bintang Regency has been well implemented. Evaluation of administration of regionalfixed assets to the inventory on The Financial and Asset Management Agency in PegununganBintang Regency has been carried out in accordance with mandated regulations. This can be seenfrom the evidence of inventory execution such as the existence of recording documents, theDatabase of Inventory, and documented in Inventories Books. In addition, there are reportingdocuments such as List of Inventory Recapitulation and List of inventory Mutations. Evaluation ofadministration of regional fixed assets in terms of reporting to The Financial and AssetManagement Agency in Pegunungan Bintang Regency is carried out in stages based on informationcontained in the list of assets keepers and a list of the authority of its users and keepers. Authoritiesof fixed assets users have to submit assets User Reports every semester, yearly, and 5 years toassets keepers.

The Influence of Organizational Culture to Employee in The Financial and Asset Management Agency

In supporting the progress and development of an organization, it is very necessary to be carried out seriously and continuously in all fields and all aspects of life. The availability of quality human resources and have a high work ethic is the main capital of an organization to be aligned with other organizations. Without the individuals of each individual to try to progress without the need to be forced, an organization does not mean anything. In the financial and Asset Management Agency Regions Ulu Ogan Ogan, it has not been implemented organizational culture so well that Akunta Sector Employee Morale nAnd reporting is not optimal. The problem faced is how the influence of organizational culture on employee morale in the field of accounting and reporting in the Regional Financial and Asset Management Agency of Ogan Komering Ulu. The purpose of this study was to determine the influence of organizational culture on Morale Employees Sector Akunta n si and Reporting on Financial Management Board and Asset Ogan Ogan Ulu and useful as a reference for further research on organizational culture and Morale Employees Sector Akunta n si Dan Reporting. Hypothesis, positive effect on the organizational culture Employee Morale Affairs Akunta n si and Reporting on Financial Management Board and AssetOgan Komering Ulu. Data collection and management using literature study and field studies using observation, questionnaires, interviews and documentation. From the results of the discussion obtained by the correlation between organizational culture in an effort to improve the Employee Morale in the Field of Accounting and Reporting at the Financial Management Agency and the Ogan Komering Ulu Regional Assets obtained r value of 0.57. After consultation with conservative standards, it is located between 0,400-0,599 which is included in the medium relations. So that it can be said that there is a moderate influence between organizational culture on employee morale in the field of Accounting and Reporting at the Ogan Komering Ulu Regional Financial and Asset Agency.

The Effect of Motivation, Competence and Work Environment to the Management of Goods as a Regional Asset Manager in Padang City

This study aims to determine the effect of motivation, competence and work environment on improving the performance of goods administrators as employees of regional asset management in Padang City. The object of this research is the Management of Goods within the Padang City Government with studies conducted at the Regional Financial and Asset Management Agency. The total population is 481 people who manage goods, samples taken as many as 120 people randomly. Instrument testing is done by validity test and reliability test. Data analysis using multiple linear regression analysis and hypothesis testing. The results of this study found that motivation, competence and work environment had a significant effect on the performance of goods administrators as employees of asset management in the Padang City Government environment.

THE EFFECTIVENESS OF FINANCING MODEL TO SUPPORT COMPETITIVE ADVANTAGE IN CERAMIC INDUSTRY

The Micro, Small, and Medium Enterprises (MSME) sector is not an easy sector to obtain credit from Bank/ Financial agent, because too many obstacles to a access Bank credit, such as: collateral, administrative aspect, company stability. The purpose of this study is to implement an effective financing model for ceramic craftsmen, in relating with achieving competitive advantage of pottery Plered craftsmen. By using descriptive method, research result shows The effectiveness of funding model for ceramic craftsmen that consist of 4 elemens, such as: local government of Plered, Ceramic craftsmen, Financial agency, and Deposit insurance agency; which is all elemens shoul be made a well-coordinated. The effectiveness of financing aspects in ceramics industry, encouraging the development of ceramics production and also craftsmen productivities. Company productivity will increase too. It means product sustainability of pottery industry will be achieved and competitive advantages of ceramic Plered will be increased.

Financial Coaching and the Nudge: Examining Local Spaces of Market Agencement

AbstractFinancial coaching is intensive, long‐term counselling intended to foster “financial capability”, defined as a state of heightened self‐efficacy and knowledge that facilitates the exercise of financial agency. Coaching is a behaviourist technology intended to intervene in the cognition and affect of subjects, and that relates to neoliberal imperatives to fashion disciplined market‐oriented subjects. However, it can also be understood as a contested element of envisioned financial agencements used by local organisations to shield vulnerable financial consumers from financial predation. Analysis of policy documents and interviews is used to capture the meanings attached to financial coaching by local actors, and to offer a more textured, affectively complex description of the dilemmas of inclusion confronting financial consumers who experience the terrain of everyday consumer finance as predatory.

ANALISIS KONTRIBUSI DAN EFEKTIVITAS PAJAK HOTEL DAN RESTORAN TERHADAP PENDAPATAN ASLI DAERAH

Regional Original Income is revenue from collection of local taxes, regional retribution, management of separated regional wealth and other income. Hotel tax and restaurant tax are included in local taxes. Hotels and restaurants are potential sectors because their growth from year to year shows a significant increase that can spur the economic development of Surakarta City. The purpose of this study is to determine the contribution and level of effectiveness of hotel tax and restaurant tax on PAD in Surakarta City. The research was conducted at the Surakarta City Financial and Asset Management Revenue Agency. The analytical method used is descriptive method that is analyzing data on hotel tax realization and restaurant tax from 2013-2017. The overall results of hotel tax receipts and restaurant taxes contributed significantly to PAD. Whereas the level of effectiveness of hotel tax receipts and restaurant taxes in Surakarta City from 2013-2017 varied but, almost as a whole, were very effective with levels ranging from more than 100%.

ANALISIS RASIO UNTUK MENILAI KINERJA KEUANGAN DAERAH KABUPATEN GUNUNGKIDUL TAHUN 2013-2017

The results of the study show that the financial performance of Gunungkidul Regency which still needs attention is the regional dependency ratio and regional financial independence ratio which shows that the financial condition of the Gunungkidul Regency Government is still dominated and highly dependent on the Central Government, while on the effectiveness of Regional Original Revenue and income efficiency shows that Gunungkidul Regency has optimal and efficient capability in managing Regional Original Revenue, then the harmony ratio shows that the proportion of operating expenditure budget allocation still dominates compared to the budget for capital expenditure but there have been efforts to increase the proportion of development expenditure. This research was conducted at the Regional Financial and Asset Agency of the Gunungkidul Regency Government. This research approach uses a quantitative descriptive approach by collecting data contained in the Regional Expenditure Budget and in the Gunungkidul District Government Financial Report for the 2013-2017 budget year. The results of the study show that the financial performance of Gunungkidul Regency which still needs attention is the regional dependency ratio and regional financial independence ratio which shows that the financial condition of the Gunungkidul Regency Government is still dominated and highly dependent on the Central Government, while on the effectiveness of Regional Original Revenue and income efficiency shows that Gunungkidul Regency has optimal and efficient capability in managing Regional Original Revenue, then the harmony ratio shows that the proportion of operating expenditure budget allocation still dominates compared to the budget for capital expenditure but there have been efforts to increase the proportion of development expenditure.