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Current issue Volume 6, Issue 6 (November 2022)


  • The Role of Research and Development on Sustainable Competitive Advantage
    Original Research Article
    Country Indonesia
  • Pages 01-08
  • Cornelia Regina || Susilo Toto Raharjo
  • Abstract | pdf Pdf
  • Research and Development (R&D) strategy is one of the important factors in supporting the business continuity of the cigarette industry, especially Nojorono because the R&D strategy has an impact on the development of innovative products. Supporting factors of R&D strategy are innovation, internal and external factors which include R&D control management, company size and age, and government regulations. R&D strategy is carried out as a step in achieving a sustainable competitive advantage. This research is a qualitative research with descriptive analysis from in-depth interviews with informants. Objective of the research is to analyze the role of R&D in achieving sustainable competitive advantage. The results of this research indicates that supporting factors of R&D strategy have a significant role to the performance of the R&D business as well as the company.


    • Do Components of ManagementInformation Systems Play a Role in achieving the Quality of Health Services in Bahrain?
      Original Research Article
      Country Bahrain
    • Pages 09-17
    • Mohamed Bader Abdulla Al-Haddad || Marwan Mohamed Abdeldayem || Horiya Mohamed Ahmed Al Deeb || Maryam Abdul Aziz Al-Thawadi
    • Abstract | pdf Pdf
    • The aim of this research is to identify the role of the components of management information systems “MIS” (Hardware, software, personnel and data components) in achieving the quality of the health services at Salmaniya Medical Complex in the kingdom of Bahrain. A straightforward random sample method was used to conduct a survey of 401 employees. The results of the questionnaire survey, which were distributed to a representative sample of employees, serve as the foundation for the analysis.at Salmaniya Medical Complex in the Kingdom of Bahrain. The research hypothesized that there is a positive significant role for the components of management information systems (Hardware, software, personnel and data components) in achieving the quality of health services at Salmaniya Medical Complex in the Kingdom of Bahrain. The findings revealed that there was a positive significant role for the components of management information systems in achieving the quality of health services at the medical complex in questions. Moreover, the results indicated that there were no significant differences relating to the role of the components of management information systems in question in achieving the quality of health services at the medical complex in questions due to the demographics (Gender, age, qualifications, years of experience and position)


    • Competitiveness Analysis and Factors Affecting Indonesian Banana Exports in the Destination Country
      Original Research Article
      Country Indonesia
    • Pages 18-25
    • Felix Nola, Eko Priyanto || Syarif Imam Hidayat
    • Abstract | pdf Pdf
    • Bananas from Indonesia are a top product with export potential for tropical fruits. Banana agriculture in Indonesia is dominated by local market production, whereas professional plantations are on a small scale. Traditional banana farming will result in variable banana quality, less guaranteed quality, and less probable continuity due to the inefficiency of the cultivation system. This research aims to examine the level of competitiveness of Indonesian banana exports in destination countries and the factors that influence Indonesian banana exports in destination nations. This quantitative study employs Revealed Comparative Advantage (RCA), Export Product Dynamic (EPD), and the gravity model. The study concluded that Indonesian bananas are competitive in various countries, including Malaysia, the United Arab Emirates, and Kuwait. In contrast, the competitiveness of Indonesian bananas in several other nations, including China, Singapore, and Japan, remains relatively low. Several factors are known to influence Indonesian banana exports to destination nations, including the low quality of bananas, the discontinuity of exports, and the real GDP per capita of export destination countries.


    • Mediating Financial Performance on Firm Value
      Original Research Article
      Country Indonesia
    • Pages 26-42
    • Diah Widianingsih || Fatchan Achyani || Rina Trisnawati
    • Abstract | pdf Pdf
    • This study examines the mediating effect of financial performance on firm value in manufacturing companies that have been listed on The Indonesian Stock Exchange for the 2015-2018. Financial performance is proxied using capital structure, asset growth, and intangible assets. The population size is 155 companies with a sample size of 49 manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2018 period. The analysis method uses path analysis to determine direct and indirect effects. The results showed that financial performance did not mediate the effect of capital structure on firm value, financial performance mediated the effect of asset growth on firm value, and financial performance mediated the effect of intangible assets on firm value.


    • Effect of Corporate Social Responsibility, Independent Commissioner and Profitability on Tax Avoidance
      Original Research Article
      Country Indonesia
    • Pages 43-50
    • Anisa Dila Ismawati || Fauzan
    • Abstract | pdf Pdf
    • This study aims to determine the effect of Corporate Social Responsibility, Capital Intensity, Independent Commissioner, and Profitability on Tax Avoidance. This research is a quantitative research using multiple linear regression analysis with the help of SPSS software. The population in this study are food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2017-2020. The sampling technique in this research is using purposive sampling method, namely determining the sample from the existing population based on the criteria desired by the study. The research sample consists of 37 companies belonging to several criteria, namely food and beverage sub-sector companies that are consistently listed on the Indonesia Stock Exchange for the 2017-2020 period, food and beverage sub-sector companies on the Indonesia Stock Exchange which publish annual financial reports in the rupiah exchange rate consecutively. - successively during the 2017-2020 period, food and beverage sub-sector companies listed on the Indonesia Stock Exchange that have positive profits during the 2017-2020 period, food and beverage sub-sector companies listed on the Indonesia Stock Exchange and have complete variable data required during the 2017-2020 period. period 2017-2020. The results of this study indicate that the Independent Commissioner variable has an effect on Tax Avoidance, while Corporate Social Responsibility, Capital Intencity, and Profitability have no effect on Tax Avoidance.


    • Assess the Effect of Performance-Based Rewards Appraisal Technique on Employee Performance in Public Universities in Kenya
      Original Research Article
      Country Kenya
    • Pages 51-56
    • Joyce Mumbi Nderitu || Dr. Jacqueline Omuya
    • Abstract | pdf Pdf
    • Employees are important assets to organizations and their Performance is paramount. Fair appraisal techniques should be employed to enhance employee Performance. Performance is important for an organization to achieve its objectives and goals. The paper sought to assessthe effect of performance based rewards appraisal technique on employee Performance in public universities in Nakuru county, Kenya. The paperwas anchored on the Expectancy theory which links the requirement for employees to perform as a result of the motivation attained from being rewarded. Thepaperadopted descriptive research design. With a population comprising all the four public universities operating in Nakuru county, Kenya. A total of 1,330 employees were targeted as our respondents. The researcher used Stratified sampling and coefficient of variation Nassiuma formula to get a sample of 201 respondents from the total population. To test validity and reliability of the study, a pilot study was carried out at Kabarak University and Mount Kenya University Nakuru campus. A questionnaire with closed ended questions wasused to collect primary data Questionnaires.The researcher used the Statistical Package for Social Sciences (SPSS) software version 25. The paper established that the performance based rewards appraisal technique was implemented to a larger extent in the universities according to the mean of 3.8 > 3. The employees were found to perform highly according to the majority of the respondents (44.8 %). The inferential statistics resulted to correlation coefficient r (181) = 0.719, p-value = 0.000 < 0.05, coefficient of regression 𝛃 = 0.132, p-value = 0.000 < 0.05 and Pearson Chi-Square of χ2 (16, N = 181) = 62.028, p = 0.000 < 0.05.This implies that there is a strong positive relationship between Performance-Based Rewards Appraisal Technique and Performance of Employees in public universities that is significant at 5% levels of significant. Different stakeholders in the human resource management function such as government and employer organizations such as Federation of Kenya Employers (FKE) need to formulate new policies or amend existing policies and procedures and devise best in class methods of increasing employee Performance from the findings of this study. There is need for the human resource departments to formulate policies on employee rewards since it is a significant influencer of performance.


    • The Effect of Leverage, Profitability and Firm Size on Tax Avoidance in Mining Companies Listed on the Indonesia Stock Exchange
      Original Research Article
      Country Indonesia
    • Pages 57-65
    • Reni Maulina || Wahyono
    • Abstract | pdf Pdf
    • This study aims to analyze the effect of leverage, profitability, and firm size on tax avoidance in mining companies listed on the Indonesia Stock Exchange. The population of this study is mining companies listed on the Indonesia Stock Exchange in the 2018-2021 period. The sample selection in this study used a purposive sampling technique. The sample used is 17 mining companies that meet the criteria with 61 data used as research samples. The source of data in this study was obtained from the IDX website. Types of quantitative research. The analytical tool used is SPSS Version 21 with multiple linear regression testing. The variable of tax avoidance is proxied by the Cash Effective Tax Rate (CETR). The results of the research analysis show that leverage and profitability have an effect on tax avoidance, while firm size has no effect on tax avoidance.


    • Analysis of Hybrid Diversification Strategy on Organizations’ Performance of Cement Firms in Kenya
      Original Research Article
      Country Kenya
    • Pages 66-73
    • Daniel Kanchori || Dr. Erastus Thoronjo || Dr. Jacqueline Omuya
    • Abstract | pdf Pdf
    • Cement manufacturing firms in Kenya have experienced decline in performance. The firms have turned to innovative products diversification such as pre-cast concrete paving blocks and precast molded products. This research purposed to analyse hybrid diversification strategy effect on organizations’ performance of Kenyan cement firms and to ascertain effect of firms` characteristics as a moderator between diversification strategy and organizations’ performance of Kenyan cement firms. The study was backed up by resource-based review theory, the agency theory and the market view theory. The study was done in cement industrial sector in Kenya and all cement manufacturing firms were studied. The study used descriptive cross-sectional research design in collecting data relating to the research objective. Target population of research was all the marketing, finance, production managers and the assistant managers from the same departments who were used as important informants. The study had a total of 108 managers and supervisors as its target population. This being a census study, all the marketing, finance, production managers and their assistants were used in this study. In piloting of study tool, respondents were nominated from Savannah cement and were having the same noticeable features as those of main study. The scholar used questionnaire as a tool to collect data from the key informants. Quantitative technique was used to analyse data where descriptive and inferential statistics were used. Hybrid diversification strategy has a significant influence on organizations’ performance of Kenyan cement firms. The firms combine low product costs and product differentiation to enhance survival and to gain ground in new markets hence increasing profit margins. The firms should adopt all possible hybrid strategies to enter into new markets while using quality control measures to ensure that the production is up to the required standards.


    • Supply and Demand in Microeconomics
      Original Research Article
      Country Indonesia
    • Pages 74-84
    • Hasni Dyah Kurniawati
    • Abstract | pdf Pdf
    • In everyday life, there will be supply and demand in the fulfillment in a human’s needs. The interaction of demand by consumers and supply by producers occurs in a market. In a market, a consumer makes a demand to meet their daily needs. The demand made by consumers is their way to obtain utility where consumers indeed have to spend according to their income. A producer on the other hand will sell their goods and/or services in a certain quantity and price so that the producer will gain a profit that they hope for. Based on the interaction of demand by consumers and supply by producers, a price agreement can finally be determined so that market prices and the number of products traded are formed.


    • The Effect of Profitability, Firm Size, CSR Disclosure, Leverage, On Firm Value
      Original Research Article
      Country Indonesia
    • Pages 85-94
    • Rosalinda Dian Permatasari || Noer Sasongko
    • Abstract | pdf Pdf
    • The study aims to determine the effect of profitability, firm size, disclosure of csr, and leverage on corporate value. This research is a quantitative research ussing multiple linear regresion analysis with the help of SPSS software. The population in this study manufacturing companies listed on the Indonesia Stock Exchange (BEI) 2018-2020. Selection of sample research using purposive sampling and known the number of samples used as many as 204 manufacturing companies listed on the Indonesia Stock Exchange in 2018-2020. The ressults showed that: (1) profitability variables affect to firm value; (2) firm size variables affect to firm value; (3) CSR disclosure variables have no effect on company value; and (4) leverage variables have no effect on company value.


    • Factors Affecting the Audit Delay of Empirical Study on Banking Companies Listed on The Indonesia Stock Exchange for the Period of 2018 – 2021
      Original Research Article
      Country Indonesia
    • Pages 95-103
    • Indah Nurhayati || Noer Sasongko
    • Abstract | pdf Pdf
    • This study aims to determine the effect of profitability, solvency and size of public accounting firms on audit delay practices in banking companies listed on the Indonesia Stock Exchange in 2018-2021. The sample used was purposive sampling technique, resulting in a sample of 23 banking companies. The analytical technique used is multiple linear regression analysis with SPSS 24 software. The results show that profitability has a negative and significant effect on audit delay. Solvency has no effect on audit delay. KAP size has a negative and significant effect on audit delay.


    • The Moderating Effect of Audit Quality on Fraudulent Financial Statement
      Original Research Article
      Country Indonesia
    • Pages 104-114
    • Shinta Nastitie Komalasari || Triyono Triyono || Erma Setiawati
    • Abstract | pdf Pdf
    • The fraud hexagon theory was used in this study to examine the moderating impact of audit quality on fraudulent financial statements. The sample for this study is made up of property, real estate, and building construction businesses that were listed on the Indonesia Stock Exchange between 2017 and 2020; 64 sample data were gathered using the purposive sampling method and preset criteria. Multiple linear regression analysis and moderated regression analysis (MRA) were used in the tests for this investigation. The results show that the nature of industry and arrogance affect fraudulent financial statement, while financial target, TATA, CEO education, and collusion have no effect on fraudulent financial statement. Then audit quality is able to moderate by weakening the nature of industry, arrogance, and collusion relationships with fraudulent financial statements. Meanwhile, audit quality is not able to moderate the relationship between financial targets, TATA, and CEO education with fraudulent financial statements.


    • Analysis of Financial Statement Fraud: The Vousinas Fraud Hexagon Model Approach and the Audit Committe as Moderating Variable
      Original Research Article
      Country Indonesia
    • Pages 115-125
    • Hesiya May Ghaisani || Triyono || Andy Dwi Bayu Bawono
    • Abstract | pdf Pdf
    • The purpose of this study is to see if the Vousinas Fraud Hexagon Model approach has the potential to fraud financial statements as well as audit committees as moderating factors. The fraud hexagon hypothesis detects factors of the risk of fraud such as stimulation (pressure), capability, opportunity, rationalization, arrogance, and collusion. This is a quantitative method based on secondary data. Property, real estate, and building construction sector companies listed on the Indonesia Stock Exchange (IDX) in 2017-2020 are the population used. The study sample included 64 companies. Multiple liner regression and moderated regression analysis (MRA) are data analysis methods. According to the findings of this study, stimulus proxied by financial stability and rationalization proxied by TATA have an effect on financial statement fraud, whereas capability proxied by director experience, opportunity proxied by family firms, and collusion proxied by audit fees have no effect. The audit committee has the potential to moderate the impact of capability, rationalization, and arrogance on financial statement fraud.


    • Forecasting Philippine Exchange Rate Against US Dollar Using Auto-Regressive Integrated Moving Average (Arima) Model
      Original Research Article
      Country Philippines
    • Pages 126-133
    • Joemarie A. Pono
    • Abstract | pdf Pdf
    • The ARIMA model fit for forecasting was the subject of the study on forecasting the Philippine exchange rate. Several models were used, however, ARIMA is one of the models that several researchers have used to anticipate various time series data due to its benefits. The research used the Box-Jenkins technique, including identification, estimation, diagnosis, and forecasting. By identifying the most significant model, lowest volatility, maximum likelihood estimation, and lowest AIC and BIC, the ARIMA (1,1,1) was the best model. When inflationary (deflationary) pressures occur, policymakers ideally use expansionary (contractionary) fiscal policy and contractionary (expansionary) monetary policy. Based on the findings, policymakers and concerned institutions, such as the Bangko Sentral ng Pilipinas, may use their discretion to impose dirty float in 2021-2023, which were indicated as having a continual fall in the currency rate.