Funding Activities Research Articles

ARUS KAS ANALISIS LAPORAN ARUS KAS OPERASI, INVESTASI, DAN PENDANAAN STUDI KASUS PERUSAHAAN DI BURSA EFEK INDONESIA

Economic relations between countries are influenced by rapidly developing technology, this also affects the transportation and logistics sector. Current technological advances also affect e-commerce activities, namely buying and selling transactions using electronic media. The transportation and logistics sector has an important role in supporting these activities. The purpose of this study is to analyze the company's cash flow statements at transportation and logistics companies listed on the Indonesia Stock Exchange, and to find out the cash flow patterns during 2016-2019. Cash flows are activities of cash inflows and cash outflows of cash and cash equivalents. Cash flow information is useful for measuring the performance of entities in obtaining cash and cash equivalents as well as for measuring the needs of entities to use cash flows. The analysis technique used in this study is a horizontal analysis technique, namely comparing cash flow statements with previous periods. The sampling method uses purposive sampling, which is a sampling technique by determining certain criteria. There are 20 companies that meet the requirements The results of this study are that there is a decrease and increase in every operating activity, investment activity, and funding activity. The cash flow pattern for the four years has two distinct patterns. In 2016 and 2019 the company used the excess operating cash flow and funding to invest, purchase fixed assets or expand the business. Whereas in 2017 and 2018 excess operating cash flow was used to purchase fixed assets and pay long-term debt to creditors or make prive payments or cash dividends to owners or investors

Optimization of integrated watershed recovery: comparison of management systems in Japan and Indonesia

As a country prone to hydrometeorological disaster and demographic problems, Japan is very concerned about integrated watershed sustainability, as a preventive and sustainable water resource in the future. In contrast to Indonesia, the rapid population growth encourages various activities in the upstream such as encroachment, conversion to agricultural land, settlements, and other economic activities causing land degradation and environmental quality to decline. The critical watershed recovery program has been carried out for a long time, but until now this problem has not been resolved. This study aims to determine the best integrated watershed management system that can be applied to accelerate the recovery of critical watersheds in Indonesia. This study uses a qualitative approach, with a comparative descriptive method to compare watershed management in Japan and Indonesia based on a literature study. It was found that land rehabilitation activities through replanting upstream watershed areas require collaboration in comprehensive and integrated management from upstream to downstream. The practice of inter-regional cooperation and community involvement through cross-subsidized funding and joint restoration activities is a scheme that needs to be considered for accelerating watershed recovery, accompanied by the integrity of the parties and a transparent and accountable monitoring system.

Simulasi Pinjaman Daerah sebagai alternatif pilihan Pembiayaan Pembangunan Infrastruktur di Kabupaten Batang Hari

Regional Loans are one of the alternative sources of financing in the Regional Revenue and Expenditure Budget to fund activities that are initiatives of the Regional Government in the framework of Local Government affairs based on the provisions of laws and regulations. Regional loans can be used to finance infrastructure and/or investment in regional infrastructure and facilities in the framework of public services. In addition, Regional Loans can also be used to cover regional cash flow. This study aims to determine the financial capability of the Batang Hari Regency Government and determine the number of feasible loans if the Batang Hari Regency Government makes regional loans as an alternative to financing infrastructure development. The data used in this study is secondary time series data derived from the Batang Hari Regency Government Budget Realization Report for the 2017-2021 period. The analysis tools used are the ratio of regional financial ability to repay loans with the Debt Service Coverage Ratio (DSCR), the Maximum Loan Limit (BMP) and to determine the amount of loans that can be made by regions in 2017-2021 by calculating regional revenue plans and regional spending plans, which are carried out using the Trend analysis method. Based on the simulation result conducted, the Batang Hari Regency Government has a Debt Service Coverage Ratio (DSCR) value of 4.81 which exceeds the minimum standard set at 2.5. The results of the analysis also show a Maximum Loan Limit of Rp. 740,070,216,978. Based on data obtained in fiscal year 2021. When viewed from the projection results, the loan that can be obtained by the Regional Government of Batang Hari Regency according to the analysis of the BMP Maximum Loan Limit in 2022 is IDR 706,263,200,215. Net funds are obtained from the projected results for 2022 of Rp. 503,718,603,808 and the maximum installments that can be prepared are Rp. 201,487,441,523.

Analysis of the Application of PSAK No. 45 Financial Reporting of Non-Profit Organizations in Achieving Transparency and Accountability at Yayasan Pemberdayaan Masyarakat Amungme dan Kamoro (YPMAK) in Mimika Regency

This study aims to analyze the application of PSAK No. 45 financial reporting to non-profit organizations in achieving transparency and accountability at Yayasan Pemberdayaan Masyarakat Amungme dan Kamoro (YPMAK) in Mimika Regency. The type of research used is a descriptive-qualitative approach with data collection methods through observation, interviews, and foundation documents. The research results show that YPMAK has implemented PSAK No. 45 concerning the financial reporting of non-profit organizations in terms of format and structure in the preparation of financial reports. However, it does not fully implement PSAK No. 45, where YPMAK does not record funding activities in the cash flow statement and does not explain restrictions on donor resources. Meanwhile, transparency in the use of funds and accountability in YPMAK's financial reports have been transparent and accountable both in the presentation and submission of financial reports, so that the foundation has carried out financial reporting in a transparent and accountable manner according to the principles of professional financial management.

ОСОБЛИВОСТІ ФУНКЦІОНУВАННЯ НЕДЕРЖАВНИХ ПЕНСІЙНИХ ФОНДІВ

The article is devoted to the research of peculiarities of the functioning of non-state pension provision. A theoretical analysis of methodical approaches to the organization of activities of non-state pension funds was carried out. The functional components of their activity have been studied. The structural and logical scheme of relationships between the participants of the non-state pension system is presented. The expediency of using a complex approach in researching the specifics of the activity of non-state pension funds is substantiated. A systematic approach was used to investigate theoretical approaches to determining the role and importance of non-state pension provision. Considerable attention is paid to the analysis of the current state and quantitative dynamics of non-state pension funds and their administrators. With the help of the system analysis method, the pension contracts of legal entities and individuals were assessed using structural division. Restrictions on the implementation of this process in Ukraine are defined. The factors that restrain the active participation of the population in placing their own savings in non-state pension funds as financial intermediaries have been identified. Contradictions in the formation of pension assets by non-state pension funds were investigated and revealed. Based on this, it was concluded that pension funds are able to mobilize significant amounts of long-term financial resources and transform them into an investment resource for the stabilization and development of not only the country's financial market, but also the economy as a whole. Such approaches make it possible to explore possible options for attracting investment resources and to determine ways to increase their quantitative volumes and qualitative investment in various assets. The dynamics of changes in the quality of asset diversification of non-state pension funds are analyzed. This made it possible to confirm the hypothesis that state securities in the form of state bonds continue to be the predominant investment direction of pension assets. Measures to increase the effectiveness of the functioning of non-state pension funds are proposed. The use of a combined approach to the regulation of the investment activities of pension funds, namely: rules of reasonable behavior and quantitative restrictions on investments of NPFs, will allow solving the main problem of their activity - increasing the efficiency of using the investment potential of non-state pension funds.

DEPOSIT OPERATIONS AS THE BASIS OF SUCCESSFUL BANKING: THEORETICAL ASPECT, REALITIES AND PROSPECTS OF DEVELOPMENT IN UKRAINE

The paper considers the peculiarities of Ukraine’s deposit market functioning in 2020–2023 under the influence of force majeure factors. The current state of the respective market was analysed in terms of types of deposits by duration, namely fixed and demand, by types of currencies in which funds are placed on deposits, by ranges of the size of the deposits themselves, etc. Approaches to the interpretation of the “deposit operation” concept were systematized. Having analysed the definitions it is possible to define a “deposit operation” as an operation involving the deposit institution’s attraction of funds (in national or foreign currency, in cash or non-cash form) or bank metals of depositors to deposit bank accounts under the terms of the concluded agreement and following the current legislation of Ukraine. A comprehensive analysis of the dynamics of the deposit portfolio of the banking system was carried out. The dynamics of deposits of individuals in the banking system of Ukraine were analysed. The dynamics of interest rates on deposit deposits in terms of subjects, currencies and duration are highlighted. The increase in deposit rates contributed to the recovery of the growth of fixed deposits of individuals which volume increased for the first time since the beginning of the war. The permission of the National Bank to buy foreign currency to open fixed currency deposits contributed to their growth in dollar equivalent. The peculiarities of the activity of the Deposit Guarantee Fund in Ukraine during the period of martial law were identified, and the impact on the level of public trust in banks was investigated. The obtained results of the conducted research made it possible to determine the main trends in the development of the deposit market of Ukraine and to outline proposals for improving the deposit policy of Ukrainian banks.

A Review of Fintech and Waqf Intersections in Academic Debates

<p><em>In 2022, Indonesia was ranked 3rd in the utilization of Islamic fintech on a global scale. Despite this accomplishment, waqf institutions continue to face challenges in embracing fintech. Therefore, this research aimed to investigate the extent of fintech-related research on waqf and its implications for the institutions in effectively harnessing fintech in their activities. It adopted a qualitative research approach, relying on Scopus-indexed documents as the primary source of data. Subsequently, the data were analyzed using the Publish or Perish (PoP) tool, following the Systematic Literature Review with PRISMA procedure, and supplemented with content analysis. The results showed noteworthy insights, where Ascarya, A emerged as the most influential author, while Hudaefi, F.A. claimed the highest number of citations. The publication with the greatest influence was the International Publication of Islamic and Middle Eastern Finance and Management, while the most influential affiliations were Universitas Airlangga and Universiti Brunei Darussalam. Indonesia was the most influential country in generating fintech on the waqf subject of the document. Among the 19 relevant papers examined, only 5 (26.32%) focused on the discussion of fintech's impact on waqf. This statistic highlighted the potential for further development of fintech by waqf institutions. Several opportunities for such development emerge, including the creation of waqf applications, the adoption of crowdfunding fintech, the exploration of waqf blockchain, the implementation of WaqfCoin, and the establishment of online platforms for public reporting of waqf fund activities.<strong></strong></em></p>

Strategy of transition to a new world economic order and noosociety: industrial aspect

Contemporary transformation of the economic and social system requires changes in approach to its analysis and in management of its development. At the same time, in the author’s opinion, there is no need to keep the traditional approach based on the neoliberal theory and methodology. For Russia, the Chinese experience is more suitable, based on the dosed and proportional combination of elements of market-based and planned models of economy management. It is precisely this approach that delivers sustainable technological, economic and social development, in process of which the tasks of qualitative renewal of all fields of public life are solved. And in addition, the central focus is made in the development of high-tech industries, which are becoming a core of an economic and social system being renewed. This requires top-priority development of fundamental science, culture and education, as well as the return of the state into capitalist process, to the direct public administration of a number of development spheres, active support of state and public-private high-tech corporations. The basis of the development is technological advance. It also changes in new conditions. A new quality of industrialized production is observed. It is knowledge-intensive production, for which not only a speed-up is typical, but also a speed-up of speed-up of technological development. Today, Russia solves tasks not only in industrialization or reindustrialization: such tasks will be mostly solved anytime soon; but also is facing the task of creating the basis of the new industrial society of the second generation (NIS.2), a society where knowledge takes the leading role. The latter means the priority of knowledge-intense production united with science and education. Hence, a necessity arises to integrate those three spheres within the frame of united reproduction contour on all levels: mirco-, meso- and macroeconomics. To solve this task, an active industrial policy and strategic planning are essential, together with the activity of private funds and orientation to social interests of public sector. Author has explored and elaborately describes in details a toolset necessary for that in the article.

DANA PUNIA WUJUD INTEGRASI SOSIAL UMAT HINDU

Social integration is something that society aspires to, especially a pluralistic society. However, it is also possible that social integration is important for communities who share the same beliefs and culture. In social life there has been a lot of friction or conflict between people who have the same belief or different beliefs, this is one of the implications of the existence of different points of view from each individual. The role of religion in this case still needs to be strengthened to foster harmony in society. Hinduism has taught many values of togetherness with the aim that society is well integrated. One of the teachings that can be implemented in relation to developing social integration is dana punia. Dana punia fund activity is a person's concern for others. Apart from that, dana punia activities can also be carried out by donating to repair holy places as a form of devotion to Ida Sang Hyang Widhi Wasa. Keywords: Hinduism, Punia, Social

Pursuing Research Justice Through Community-Academic Partnership to Address Racial Disparities in Preterm Birth.

The California Preterm Birth Initiative is a community-engaged research effort focused on addressing racial disparities in birth outcomes. To highlight three community-academic partnership strategies and identify partners' lessons learned and recommendations. We conducted interviews (n = 38), four focus groups (n = 23), a document review (n = 174), and meeting/event observations (n = 36). We performed content analysis and structural and emerging coding of the data, which involved extracting and sorting information into themes. Five themes emerged across the strategies as essential for successful partnerships addressing racial disparities: 1) incorporate a racial equity approach; 2) value community knowledge; 3) ensure accountability to community priorities; 4) build relationships and trust; and 5) address structural barriers to community-academic partnerships. Community-academic partnerships addressing racial health disparities should confront internal and structural power dynamics early on and support affected communities to lead the efforts, including committing to funding and capacity-building activities to ensure research justice.

APLIKASI PELAPORAN PELAKSANAAN KEGIATAN DANA ALOKASI KHUSUS MENGGUNAKAN METODE RAPID APPLICATION DEVELOPMENT (Studi Kasus di Dinas PUPR Kota Payakumbuh)

The Public Works and Spatial Planning Service or known as (PUPR of Payakumbuh is the agency in charge of public works, spatial planning, and building permits in Payakumbuh. So it is necessary to control reports on development implementation, especially in the special allocation fund (DAK) activity section, one of the activities contained in PUPR, namely managing DAK activity report data to manage financial data in the PUPR Office. At the PUPR Service, especially the subdivision of the Program, there is no application system so they still use Microsoft Office Excel, this results in errors regarding funding information in making reports due to large amounts of data and delays in preparing reports. This study aims to create a web-based DAK reporting application. The method used to build the system is Rapid Application Development (RAD), with the stages of Requirement Planning, Workshop Design and Implementation, so that system development is faster and more efficient. Application development uses PHP, in this case Laravel and MySQL. The results of the research show that the application built is easy to use, all functions are running as expected, and user needs can be met.

Faculty Members' Experiences in Internationalization of the Curriculum in Higher Education Institutions: A Case Study of the Zambian Open University

The purpose of this study is to explore faculty members’ experiences in internationalisation of the curriculum in higher education institutions at Zambia Open University (ZAOU). The study took a mixed method approach. The paradigm adopted for this study was pragmatism which embraces a mixed method approach. The study found that faculty members at ZAOU acknowledge and appreciate the presence of Internationalisation of the Curriculum (IoC) at the university. Faculty members' experiences in IoC has contributed positively to the development of IoC in the University by developing internationalized programs. Faculty members have contributed to the development of the IoC approaches at ZAOU by developing different approaches to teaching international students. The lecturers included inclusive curricular material and future-oriented viewpoints in their instruction. Still, they lack the skills, resources, and equipment necessary to modify their pedagogical approaches to a global, culturally diverse teaching and learning environment. The formation of a new program design culture supported by the institution with a focus on international and intercultural learning outcomes and assessment processes is thus required by IoC in Zambia. Based on the study findings, the University Administrators should create a strong relationship with foreign universities and provide capacity building workshops for faculty members to internationalise the curriculum effectively. University Administrators should adequately fund internationalisation programs and activities. Researchers should adequately document the experiences of faculty members because faculty members are the key to the full implementation of IoC.

STRATEGIES FOR DEVELOPING COMPETENT YOUTHS IN INTEGRATED AGRICULTURE THROUGH LOCAL WISDOM

Integrated agricultural system is a management system (business) that combines agricultural components, such as plants, animals and fish in a unified whole. In addition to meeting the criteria for sustainable agricultural development, this system has a significant positive impact because it is organically based and developed/directed based on local potential (local resources). Warmadewa University offered a solution to the concept of integrated agricultural conservation starting from livestock and fisheries activities to post-harvest processing and encourage an entrepreneurial spirit in the younger generation. The engineering provided was an efficient technology resulting from research from professional agricultural experts that has been published in various journals. Among them are the development of organic cultivation and diversification using the SNT (System Nutrient Tank) method for exclusive vegetables, super local breed chicken farming in accordance with national poultry standards, fisheries with the concept of aquaponics (hydroponic system and poly culture system) and post-harvest processing of agricultural, livestock and fishery products, with the concept of food processing supporting local wisdom, all of which were integrated and with the concept of zero waste. The method used in this activity were delivering material, training, practice and mentoring to young people who are members of the partner, DUDI Tamiang Bali Mandiri Foundation in the Agro Learning Center (ALC) group. These youth were given integrated agricultural knowledge as well as fisheries and animal husbandry and the processing of agricultural products with the concept of "zero waste" based on Tri Hita Karana (Balinese local wisdom). There were 5 activities in this program. The output of Unwar's Matching Fund activities with the Industrial World was a young generation who are competent and have competency certificates from the Professional Certification Institute through the National Professional Certification Agency (BNSP) for 8 people, and integrated agricultural training certificates for 25 people, so they are ready to be independent or work competent in agriculture. Other outputs were Activity Books and Standard Operation Procedure Books, IPRs, Modules, Product Launches, News in the Bali Post Newspaper, Product Exhibitions, Video activities, each targeted at one achievement target.

Deseret Hospital, Women, and the Perils of Modernization

Deseret Hospital, Women, and the Perils of Modernization

Moderating Role of Funding on the Management Control System and Performance of Public Universities

Purpose: The study examines the moderating effect of funding on the management control system and performance of south-western public universities in Nigeria.
 Design/Methodology/Approach: Research design for the study is cross- survey; this is the most appropriate research design, being a study on perception objectives in nature. The study was carried out in fourteen (14) public universities in the Southwestern region of Nigeria.
 Findings: funding activities does not significantly moderate the relationship between result control and performance of public universities (β = -0.042; t = 0.648; p > 0.259). However, a negative beta of 4.2% indicates every one increment in the present order of finance will lead to a reduction of 4% from the relationship between result control and performance of public universities in south west Nigeria.
 Implications/Originality/Value: The study discovered that present funding scheme moderates the relationship between action and cultural control and does not moderate the relationship between personnel and result control. The study therefore recommends that the government should ensure disbursement of sufficient funds to the university to attain the much need performance.

ETF ownership and informational efficiency of underlying stocks: Evidence from China

This study investigates how exchange-traded fund (ETF) activity affects the informational efficiency of its underlying stocks in the Chinese market, which has several different features from developed markets. We show that increased ETF ownership improves stock liquidity and attracts informed investors, resulting in higher pricing efficiency. By exploiting the heterogeneity of four different types of ETFs in the Chinese market, we show that the informational role of ETFs depends on whether they can be used for intraday trading, which significantly improves underlying securities' liquidity. Our study adds to the ongoing debate on the economic consequences of financial innovations and sheds light on the informational role of ETFs for emerging markets.

Predicting success in entrepreneurial finance research

We study the relationship between buyout and venture capital (VC) funds’ returns, and more typically available proxies—exits via M&A or IPO. We further explore the effects of filters on the selection of M&As and IPOs (to emphasize successes), on the relationship. We show that some of these filters can reduce the count of exits by as much as 80% without significantly improving the correlation between exits and fund returns. We also show that for venture capital funds, counting acquisitions that are at least twice the amount of funding raised results in the best correlation between exits via an acquisition and fund returns. Finally, when the sample comprises young startups – that are perhaps not yet ready for any form of exit – follow-on funding, employment, website ranking, and patent activity can be used as proxies for exits in place of IPOs or acquisitions.

INVESTMENT DECISIONS, FUNDING DECISIONS AND ACTIVITY RATIOS ON FIRM VALUE IN INDONESIA

This study aims to find out how decisions about investment, funding, and activity ratio affect the value of manufacturing companies on the Indonesia Stock Exchange. The population of this study consisted of 179 manufacturing businesses that are listed on the Indonesia Stock Exchange. The study spans the years 2015 to 2019.Thirty manufacturing companies were used as samples, and the purposive sampling method was used for the sampling. The method of analysis employed is multiple linear regression. The results show that firm value is affected simultaneously by funding decisions, investment decisions, and activity ratio decisions. Firm value is unaffected by funding decisions, activity ratios are unaffected by funding decisions, and investment decisions are somewhat affected by funding decisions.

Skin in the Game: An Analysis of Venture Capital Investment in Dermatology from 2002 to 2021

Skin in the Game: An Analysis of Venture Capital Investment in Dermatology from 2002 to 2021

Недержавні пенсійні фонди: сучасний стан і перспективи розвитку в Україні

The aim of the article is to analyze the current state of functioning of non-State pension funds, define their main problems and prospects for development. According to the legislation, Ukraine has a three-tier pension system, the third level of which is the system of non-State pension provision, the basis of which is constituted by non-State pension funds. A non-State pension fund is an institution or organization that collects and invests pension contributions and maintains individual pension accounts for participants in the pension system. Non-State pension funds manage investments, using the accumulated money reserved for retirement to ensure the growth and preservation of participants’ retirement savings. The main goal of their investment activities is to generate sufficient income for future pension payments. The non-State pension funds play an important role in mobilizing financial resources and forming the investment potential of the pension system. The main indicators of activity of non-State pension funds are analyzed, namely: the number of concluded pension contracts, the total number of NSPF participants, the total value of NSPF assets, pension contributions, pension payments, and the amount of investment income. The problems that impede the effective functioning of non-State pension funds are classified as: economic, demographic, legal, investment, and psychological. The most important problem hindering the development of the system of non-State pension provision, including the functioning of non-State pension funds, is the non-perception of it as an alternative to the State-based system. The effective operation of non-State pension funds in the country depends on many factors, including the standard of living of the population, as well as the development of financial market infrastructure. Measures to intensify the activities of non-State pension funds in the financial market of Ukraine in the current economic conditions are substantiated. It is noted that the intensification of the activities of non-State pension funds will help reduce the burden on the Pension Fund of Ukraine and the State budget of our country.