Financial Companies Research Articles

Job satisfaction’s effects on fraud intentions on employees of financial companies in Semarang City

Today's business economic competition encourages companies to maximize the potential of human resources. Ideally, human resources have the capacity, capability, and integrity to maintain resilience in the business world, especially financial companies. However, the reality is that in Semarang City there are still fraud intentions in the form of corruption in employees of one of the banks, which has the potential to reduce company resilience. Job satisfaction is a reflection of workers' attitudes in responding to the work environment, this is related to the level of fraud intentions. This study aims to analyze the effect of job satisfaction on fraud intentions in employees of financial companies in Semarang City. The method used is quantitative-based with data collection techniques in the form of distributing questionnaires to 30 samples. The research data were tested using tests of validity, reliability, normality, linearity, and homoscedasticity. A simple linear regression analysis was performed for the impact of job satisfaction on fraud intensity. The results of this study show that there is a positive influence between job satisfaction and fraud intentions. The suggestion for future research is to extend the research period and take samples from all industries registered in Indonesia in various cities so that the research results can be used as generalizations.

The Effects of Blockchain Technology Adoption on Business Ethics and Social Sustainability: Evidence from Chinese FinTech Companies

Background and Aim: Blockchain is a disruptive technology that significantly improves transactions through enhanced transparency, security, traceability, and smart contracts. Although the technology consumes significant energy to produce, it has positively impacted social sustainability. This study examined the effects of blockchain technology adoption on business ethics and social sustainability. Materials and Methods: Data was obtained from 247 CEOs and managers of fintech and financial companies. Out of the 300 electronic questionnaires that were sent to the CEOs, a total of 247 were completed and returned. The obtained P-value (<0.05) showed that the hypotheses were accepted at a 95% confidence level. Results: The results showed that blockchain adoption positively impacts business ethics and social sustainability. The results also showed that business ethics has positive effects on social sustainability. Key managerial implications include policy formulations to enhance blockchain adoption and stakeholder onboarding. Conclusion: The results indicate that blockchain adoption enhances transparency, security, traceability, and smart contracts in business or financial transactions. The study encourages businesses to adopt blockchain technologies to prevent fraud in financial transactions. Blockchain technology enables businesses to build trust through data sharing and transparency.

Application of SLP and SW in an Alternative Financial Service Company: A Case Study

Application of SLP and SW in an Alternative Financial Service Company: A Case Study

Drivers and consequences of borrowers' voluntary privacy information disclosure—Evidence from a Chinese online consumer financing platform

AbstractThis study explores the drivers and consequences of consumers' voluntary information disclosure in the context of online consumer financing. Using unique secondary data from a Chinese online consumer financing company, we uncover a non‐linear relationship between borrowers' credit ratings and the quantity of voluntary information disclosure, and an inverted U‐shaped relationship between the amount of information disclosure and loan default. Specifically, low‐credit borrowers who opt for more voluntary information disclosure manifest a higher likelihood of default than those who disclose less, suggesting a strategic inclination toward information disclosure. Finally, we identify that disclosing high‐cost information reduces loan default, whereas disclosing low‐cost information increases default. Our findings enrich the existing literature on consumer information disclosure by providing insights into the underlying motivation and highlighting the applicability of signaling theory and privacy calculus theory. This has practical implications for lenders, borrowers, and regulators in overcoming barriers in online lending.

ADVERTISING MESSAGES FOR A FINANCIAL SERVICE PROVIDER: CREATION AND ANALYSIS OF THE EFFECTIVENESS

The paper presents the process of creating and testing three advertising messages in order to select the most effective way to promote a non-banking financial company on a new targeted market represented by online retailers. As a result of a brainstorming session, three concepts were identified for the advertising message: satisfied entrepreneur, future concept, and the playful entrepreneur. Using each concept, three printed advertising messages were created. To test the advertising messages, research was conducted in two steps. The first step involved testing the messages through a quantitative survey based on a questionnaire administered to a sample of 28 employees of the company. This survey evaluated five dimensions of the prints: identification, relevance, capturing attention, intelligibility, and creativity. The second step aimed to test the efficiency of the prints using the Facebook Ads platform, measuring two metrics: CPM (cost per 1,000 impressions) and CTR (link click-through rate). The results of this research indicate that the advertising message based on the concept of the satisfied entrepreneur registered the best response in both testing methods.

APPLICATION FOR TERMINATION OF EMPLOYMENT BY WORKERS / LABORERS BECAUSE THEY ARE LAID OFF WITHOUT WAGES MORE FROM MOON

Government in November 2020 passed Law Number 11 of 2020 concerning Job Creation, then in February 2021 the Government stipulated implementing regulations from Law Number 11 of 2020, namely Government Regulation Number 35 of 2021 concerning Certain Time Work Agreements, Outsourcing, Working Time, and Rest Time, and Termination of Employment. On March 11, 2020, the world health organization World Health Organization (WHO) declared COVID-19 as a Global Pandemic, and on April 13, 2020, the Government of Indonesia issued a Presidential Decree of the Republic of Indonesia Number 12 of 2020 concerning the Determination of Non-Natural Disasters for the Spread of Corona Virus Disease 2019 (COVID-19) as National Disasters. People infected with the Covid-19 outbreak every day continue to increase, as well as the number of deaths due to the Covid-19 outbreak continues to grow. The Central Government and the Dareah Government issued policies to prevent and overcome the spread of the COVID-19 outbreak, namely by implementing Large-Scale Social Restrictions (PSBB) and the Implementation of Community Activity Restrictions (PPKM). With the existence of PSBB and PPKM by the Government, several sectors, especially the accommodation provision sector, tourism business, food and beverage business, real estate, and construction, have experienced a direct impact as a result of the Covid-19 pandemic and the existence of PSBB and PPKM. The tourism sector, especially hotels, has experienced a decrease in income due to the lack of guests staying, forcing employers to lay off their workers/workers without providing wages to reduce expenses and save company finances. This thesis research analyzes the impact arising from workers/workers being laid off without being given wages and legal considerations on the decision of the Industrial Relations Court at the Central Jakarta District Court with case number: 398 / Pdt. Sus PHI / 2021 / PN. JKT. PST. The purpose of this decision analysis is to find out the Request for Termination of Employment (PHK) by Workers / Workers because they were laid off for more than three months without wages based on Law Number 11 of 2020 concerning Job Creation.

VARIABLES THAT INFLUENCE TAX AVOIDANCE OF FINANCIAL SECTOR COMPANIES LISTED ON THE IDX

Tax revenue has increased every year, so the government must encourage tax compliance activities so that community welfare and development can be realized. The government must ensure that there are no tax avoidance practices carried out by taxpayers given the application of the self-assessment collection system in Indonesia. This study aims to determine how executive character, executive compensation, institutional ownership, independent commissioners, and accounting conservatism have an impact on the tax avoidance of financial sector companies listed on IDX. The technique that was used in this research is purpose sampling with the results of about 25 financial sector companies listed on the IDX. In this research, multiple linear regression analysis testing was carried out using the SPSS IBM Statistics program. The results obtained from this study confirm that executive character has a significant and positive influence on tax avoidance, on the other hand, executive compensation, institutional ownership, independent commissioners, and accounting conservatism do not have a significant effect on tax avoidance. According to this study, companies should show more attractive environmental performance to attract investors.

금융 메타버스 플랫폼의 혁신저항과 수용의도에 관한 연구

Recently, as the metaverse market has grown rapidly, there has been a movement to strategically link metaverse in various fields such as distribution, manufacturing, and finance. The financial sector is actively using the metaverse platform and is conducting executive meetings, opening virtual branches, training new employees, and providing financial education services on the financial metaverse platform. The number of financial companies providing services linked to the metaverse is increasing due to expectations that the financial metaverse platform can improve information delivery of financial products and customer convenience. In particular, because financial consumers can use financial services without visiting a store through metaverse, financial companies are also accelerating the construction of their own metaverse platforms. In this way, the financial metaverse platform goes beyond the limitations of smartphones and is fundamentally changing the work methods, customer needs, and services of the financial industry based on the technical characteristics of online and offline connectivity.
 The purpose of this study is as follows. From the perspective of financial consumers, literature research and metaverse-related expert interview survey methodology were used to derive the benefits gained by accepting the metaverse platform and the sacrifice factors such as investment losses and security risks that occur to acquire value. As a result of the study, the utility factors gained by accepting the financial metaverse platform include perceived relative advantage, perceived suitability, and perceived usability. Cost factors included perceived privacy risk and perceived complexity. In addition, perceived usefulness, perceived enjoyment, and remote presence were presented as benefit factors of the financial metaverse platform service, and technical complexity, perceived cost, and perceived security risk were presented as sacrifice factors.

Board structure and risk-taking behavior: evidence from the financial sector of Pakistan

PurposeThe board structure (BS) is pivotal in modern corporate governance (CG). This study aims to investigate BS variables (BSIZE, BIND and chief executive officer [CEO] duality) and their correlation with risk-taking behavior indicators, enriching the understanding of how CG shapes financial institutions’ (FIs) decision-making in Pakistan.Design/methodology/approachBy scrutinizing data from 67 financial entities listed on the Stock Exchange of Pakistan spanning from 2011 to 2022 through panel data regression techniques, the research emphasizes that BS holds a substantial influence over the risk tendencies exhibited by these firms.FindingsKey findings suggest that board size has a positive influence, aligned with previous CG research. Smaller boards perform better and avoid excessive risk-taking, contrasting some negative relationship claims. More independent directors are recommended to curtail risk and financial disruption. Holding both CEO and chair roles reduces risk exposure, resonating with reputational and employment risk theory. It is essential to recognize that BS’s impact on risk-taking is nuanced and context-dependent.Practical implicationsPolicymakers, scholars, practitioners and investors working in the market for financial companies might greatly benefit from the empirical findings of this study. Imposing mandates on FIs to uphold adequate capital reserves functions as a safeguard against unforeseen losses, thereby diminishing the probability of unwarranted risk-taking.Originality/valuePrior studies in this domain predominantly focus on nonfinancial sectors. In addition, existing research often explores the relationship between BS and firm risk-taking solely within the banking sector, overlooking other FIs. This study contributes by using a comprehensive data set encompassing all types of FIs, thus extending the existing literature.

Analysis of fraud hexagon theory in detecting fraudulent financial statements: The role of Big 4

<p>This study aims to analyze the application of the Fraud Hexagon Theory in detecting fraud in financial statements by considering the role of the Big 4 Public Accounting Firm. This study focuses on research on financial sector companies and banks in Indonesia. The background of this problem begins with the frequent occurrence of financial statement fraud cases, which in turn can harm shareholders and reduce public confidence in the integrity of financial statements. This trend raises the most important question regarding the effectiveness of the Big 4 (<em>Kantor Akuntan Publik-KAP</em>) audits. The research method used is quantitative research, using a secondary data analysis approach based on the company's financial statements. The research sample was selected based on the purposive sampling technique, and the data analysis testing tool used panel data regression analysis with E-Views application to test the hypothesis using various tests needed to form a good regression model. The results of this study indicate that the average fraud on financial statements in the sample taken is relatively low. The findings show that rationalization, ability, and collusion can be used to detect financial statement fraud, while KAP Big 4 can moderate the fraud risk. This study provides new insights into the dynamics of financial statement fraud in Indonesia, especially in the financial and banking sectors, and suggests the need for tighter supervision and improved audit quality to reduce the potential for financial statement fraud.</p>

Evaluation of sustainable finance implementation in emerging markets

This paper provides a comprehensive review of the initiative and commitment of an emerging market, Indonesia, in implementing sustainable finance to achieve a low-carbon economy and sustainable development goals (SDGs). It explores trajectories, challenges, and opportunities of sustainable finance as well as recommendations for related stakeholders for the development of sustainable finance in Indonesia. Many believed that implementation of sustainable finance, which considered multiple aspects of economic, social, and environmental risks and returns, would enable finance companies to maximize their role as a catalyst for the creation of environmentally friendly investment and a fair economic social system to achieve sustainable development goals (SDGs) more effectively. Specifically, green finance implementation as an important element of sustainable finance would create acceleration in financing for environmental preservation and climate change adaptation. Data used for evaluation is derived from selected ten financial services companies’ members of the Indonesia Sustainable Finance Initiative (ISFI) in the 2019–2022 period. It shows that despite the continuous growth in the amount of loan allocated to sustainable and green business activities, considering their loan capacity, the Indonesian financial services sector has done too little in sustainable finance, which in fact is dominated by microfinance, and very little in green finance. Regulators urgently need to formulate proper policies and incentives as well as to develop a favourable ecosystem together with related stakeholders to expedite the establishment of a well-developed and sophisticated sustainable and green finance system in Indonesia.

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PERINGKAT OBLIGASI PERUSAHAAN NON- KEUANGAN DI PT PEFINDO

This research aims to determine: [1] the influence of profitability, [2] the influence of likuidity, [3] the influence of leverage [4] the influence of size firm, on bond level. This type of research is quantitative research. The population in this study were all non- financial companies registered with PT PEFINDO. The sampling method in this study used a purposive sampling technique of 48 companies. Data collection techniques in this study using a complete financial documentation for 2020-2022 period via the official BEI website anda documentation of companybond rating from the official PT PEFINDO website. The data analysis technique uses descriptive statistical analysis, panel data testing, classical assumption test, hypothesis test, coefficient of determination (R test), simultaneous test (F test), partial test (T test)) processed with Eviews 12. The research results show that profitability, size firm, have a positive and significant effect on bond level, while likuidity and leverage have no effect on bond level.

Cash Processing Administration System In The Indonesian Red Cross Blood Transfusion Unit, Semarang City

The cash processing administration system in a company plays a very important role. One of the problems that often arises in a cash processing administration system is the inaccurate calculation results of cash administration reports. This can result in inaccurate calculations of a company's profits and losses. Besides that, the use of company funds for something is not necessary, because every income and expenditure of company funds can be seen clearly and can be checked at any time. In short, companies will be able to quickly and easily find out the income and expenditure of funds. Information technology which is developing rapidly at this time provides very helpful benefits for the development of a company's information system, especially with the use of computer-based information technology, because by using computer technology in an information system you will be able to process data more quickly with lower error rates. minimal and saves time. The procedures that will be processed consist of the administration section and the finance section. If there is an income or expenditure of money or funds, the data can simultaneously be entered into the computer and will automatically influence or add to the existing data in the company. In this way, the condition of the money or funds in the company can be known with certainty and accuracy.

Relationship between Corporate Governance, Leverage and Firm Value: Empirical Evidence from Indonesia

This research investigates the relationship between corporate governance using measurements of company ownership structure in upholding the values of transparency, accountability, equality, and leverage its influence on firm value, and placing growth as a control variable. The research method uses a quantitative approach, analyzing causal relationships through the formulation of hypotheses. The research sample is 175 manufacturing companies in Indonesia which were observed during 2017-2021 with N of 875 observations. The analysis technique uses ordinary least squares with panel regression. The results of the robustness test analysis of the model, growth as a control variable, robustly show that managerial ownership and institutional ownership represent the upholding of corporate governance values with a significantly positive response by investors. Apart from that, the leverage variable positively influences company value. The novelty of the results of this research, firstly, is the enforcement of manufacturing company governance values in Indonesia, represented by managerial ownership and institutional ownership. Second, the company funding structure policy supports the optimal capital structure theory (Modigliani F. and Miller M., 1963)

What can analyst forecasts tell us about imperfect information?

We used two imperfect information models, taking analyst as representatives of informed investors, quantifying the potential information constraints of the financial market and different companies, and found that China's financial market has more serious information friction than the United States, which means that people update the information set every seven to eight months on average or people's weight on new information is only 0.37. At the same time, we also found evidence consistent with cognitive constraints or rational inattention theory, that the more volatile a company's and industry performance, the slower analysts are to respond to that company's information.

Causality Analysis between ESG Performance and Financing Support

Recent global trends in electric vehicles (EV) triggered Indonesia to participate in battery industry development. Rich in geological resources, the government promotes various capital-intensive industries that process raw mining commodities, particularly limonite nickel ore, to support the EV industry in Indonesia. Inarguably, financial support is needed from various financial institutions and investors. On the contrary, the mining industry is closely related to environmental issues that attract the attention of financial institutions and investors. Therefore, understanding the relationship between “sustainability” and “financing activity” is essential, as it may not only practically guide the business to re-examine their environmental, social, and governance (ESG) initiatives but also extend the literature review on these matters. Therefore, this paper aims to describe the system through the Causal Loop Diagram (CLD) formed by ESG factors related to the financing process in mining companies in Indonesia. The research method used in this paper is developing causal loop diagrams from primary data and literature reviews. The CLD is constructed through a literature review and confirmed by an expert from the mining company. The result explains the causal loop between sustainability and financing. Improving ESG performance will increase financial support from global investors and financial institutions. To support practice and concept sustainability in Indonesia, the government should encourage mining companies to increase local partnerships and CSR Allocation as it will support the company's financing activity and trigger community improvement. Creating a supporting environment to attract global investors to finance the mining company in Indonesia is also necessary. Keywords: Causal Loop Diagram, ESG Performance, Financial Performance, Mining Industry, Sustainability JEL : M14, Q01, G32

Analisis ROI (Return on Social Investment) Program Tanggung Jawab Sosial Lingkungan PT PLN (Persero): Upaya Pemberdayaan Wanita Difable melalui Pelatihan Pembuatan Batik Bekerja Sama dengan Rumah Batik Berkah Jambi

People who have disabilities, both physical and mental, are an essential component of society. And by providing support or opportunities for them, they can help create social equality and inclusion. People with disabilities are often associated with a physical identity, leading to stereotypes about their abilities, which can lead to discrimination. The Batik training program for people with disabilities is an initiative that can help improve skills, encourage social inclusion, increase empowerment, and provide employment opportunities. Measuring the value of benefits relative to investment costs used in efforts to empower disabled Women through Batik training in collaboration with House of Batik Berkah Jambi. The evaluation recommends using the Social Return on Investment (SROI) method. The return on social investment method can help measure business performance. The social performance of an ongoing SROI is considered appropriate for understanding impact investing (investment activities that aim to create a social impact), such as activities funded from the company's TJSL funds, which are expected to create a social impact on the community, especially the company's local community. The method of implementing the activities used is qualitative research because this activity is exploratory, descriptive research. Sources were selected using a purposive sampling technique. For SROI evaluation, According to the guidelines issued by the SROI Network UK organization, this research must examine six (six) stages of the SROI analysis method. These stages will include the 2023 SROI empowerment analysis disable program results, providing an SROI value of 2.47 with criteria worth pursuing. This means that PT PLN (Persero) UID S2JB generates a profitable social impact and produces a high SROI ratio.

Machine Learning-Based Risk Management of Credit Sales in Small and Midsize Business

Sustaining and expanding the finances of small and midsize companies (SMBs) depends on efficient credit risk management. This study redefines credit risk assessment for SMBs via the use of machine learning (ML), hence introducing a disruptive methodology. The all-inclusive approach includes feature selection, preprocessing, data collecting, and the use of ML models, with an emphasis on behavioral insights integration and real-world applicability. The results imply that Random Forests and other machine learning models are superior at predicting credit risk, which may lead to a sea shift in the way SMBs handle credit risk. Improving the research's practical implications involves applying models to actual credit risk management systems and incorporating insights from behavioral economics. Possible future research directions include studying how models adapt dynamically, using different types of data, enhancing explain ability via XAI, and fostering collaborative efforts to develop industry-specific best practices. By outlining the ins and outs of credit sales, this research helps small and medium-sized companies (SMBs) adjust and remain resilient in the face of changing market conditions.

Examining the Carbon Management Strategies of Diebold Nixdorf

Carbon management is imperative to curb global temperature increases and mitigating climate change impacts. This report explores the carbon management strategies employed by Diebold Nixdorf, a multinational financial and retail technology company. <strong>As </strong>of 2021, the company has not established specific reduction targets and has not committed to achieving net zero emissions. The company employs diverse carbon reduction strategies, such as carbon offsetting, solar energy, and fleet improvements, with notable projects like the "green roof" initiative and a tree planting program contributing to carbon offsetting. Despite a gradual reduction in Scope 1 and Scope 2 emissions since 2015 and notable decreases in energy consumption and natural gas emissions from 2020 to 2021, Diebold Nixdorf falls short in revenue-adjusted emissions compared to competitors. Critical challenges within Diebold Nixdorf's carbon management strategies revolve around controversies related to carbon offsetting and uncertainties regarding the effectiveness of specific initiatives. Although an improved Carbon Disclosure Project (CDP) score and efforts in product sustainability showcase progress, the lack of specific targets remains a notable pitfall. The potential misuse of green labelling, considering significant carbon emissions from products, adds complexity to Diebold Nixdorf's carbon management approach. This report underscores the imperative need for substantial enhancements in the company's carbon management practices, emphasising a realignment of values and a firm commitment to carbon reduction and net-zero goals in response to the severity of the climate crisis.

The Effect of Cash Flow, Tax Avoidance, Growth Opportunity, and Net Working Capital on Cash Holding in the Financial Sector Listed on the Indonesia Stock Exchange (IDX) in 2019-2021

This study aims to examine the partial significance of the effect of cash flow, tax avoidance, growth opportunity, and net working capital on cash holding in financial sector companies listed on the Indonesia Stock Exchange (IDX) in 2019-2021. The population in this study were 99 financial sector companies listed on the Indonesia Stock Exchange (IDX). The sampling technique used purposive sampling and obtained 61 companies. The analytical tool used in this research is panel data regression with the help of Eviews 10 statistics. The results showed that the effect of cash flow and growth opportunity had a positive and significant effect. While tax avoidance and net working capital have a negative and significant effect. The implication of this research is that to increase optimal cash holding, companies must pay attention to cash flow and growth opportunities because the results of the study show that they have a positive and significant effect on cash holding. This research contributes to the development of further research related to cash holding. The limited number of samples with limited research objects as well