Calculating and Measuring the Sinking Performance of Small-scale Purse Seine Gear in Java, Indonesia, to Improve the Gear

Widagdo, Aris,Lee, Chun-Woo,Lee, Jihoon The Korean Society of Fisheries and Aquatic Scienc 2015 Fisheries and Aquatic Sciences Vol.18 No.2

We analyzed the small-scale purse-seine gear that is used along the North Coast of Java, Indonesia, using computer-aided tools to modify the gear. Data from the middle position of the leadline showed that the maximum depth reached by the net was 30 m. A similar result was also calculated. According to the calculated result, the mean sinking speed of the current gear at the middle position of the leadline was 0.13 m/s, and the maximum tension during pursing was 1,794 kgf. The best sinking performance was found in modified gear that used a 30.3 mm mesh knotless polyester net. The maximum depth reached by the net was 38 m, and mean sinking speed was 0.16 m/s at the middle position of the leadline. The maximum tension during pursing was 1,044 kgf. Independent sample t-test results show that the mean sinking depth and sinking speed in the simulated and measured results did not differ (P > 0.05). These results are expected to improve the efficiency and selectivity of small-scale purse seine gear.

Financial Ratio, Macro Economy, and Investment Risk on Sharia Stock Return

WIDAGDO, Bambang,JIHADI, M.,BACHITAR, Yanuar,SAFITRI, Oky Ervina,SINGH, Sanju Kumar Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.12

The purpose of this study is to analyze and test the effect of financial ratios and macroeconomics on Islamic stock returns listed in Jakarta Islamic Index (JII) other than to assess whether investment risk can be an intervening variable in this study. The type of research is explanatory in nature with a quantitative descriptive approach. The data used is based on secondary sources with a sample group of 29 companies listed on JII for a 5-year period ending 31 December 2018. The data obtained were analyzed by using SEM (Structural Equation Model) with AMOS (Analysis Moment of Structural) 21 program. The results of the study show that only financial ratios affect sharia stock returns and investment risk, while the mediation test found that investment risk does not act as a mediating variable between financial ratios and macroeconomics and Islamic stock return. These findings indicate that the role of the company's financial health is very important. Besides affecting the rate of return obtained, the company's financial health can also reflect the level of risk that investors will accept in the future. By improving financial performance properly, a company will have a positive impact on various interested parties and minimize the level of investor losses.

Original Article : Calculating and Measuring the Sinking Performance of Small-scale Purse Seine Gear in Java, Indonesia, to Improve the Gear

( Aris Widagdo ),( Chun Woo Lee ),( Jihoon Lee ) 한국수산과학회(구 한국수산학회) 2015 Fisheries and Aquatic Sciences Vol.18 No.2

We analyzed the small-scale purse-seine gear that is used along the North Coast of Java, Indonesia, using computer-aided tools to modify the gear. Data from the middle position of the leadline showed that the maximum depth reached by the net was 30 m. A similar result was also calculated. According to the calculated result, the mean sinking speed of the current gear at the middle position of the leadline was 0.13 m/s, and the maximum tension during pursing was 1,794 kgf. The best sinking performance was found in modified gear that used a 30.3 mm mesh knotless polyester net. The maximum depth reached by the net was 38 m, and mean sinking speed was 0.16 m/s at the middle position of the leadline. The maximum tension during pursing was 1,044 kgf. Independent sample t-test results show that the mean sinking depth and sinking speed in the simulated and measured results did not differ (P > 0.05). These results are expected to improve the efficiency and selectivity of small-scale purse seine gear.

Hedonic Shopping Motivation and Impulse Buying: The Effect of Website Quality on Customer Satisfaction

Bambang WIDAGDO,Kenny ROZ 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.1

The sophistication of technology information has led to a series of innovative activities in the economy, particularly in buying and selling products and services both conventionally and online. Currently online activities provide opportunities for customers to get the desired needs. The purpose of this research is to examine the effect of website quality, hedonic shopping motivation, and impulse buying on customers’ satisfaction of online shopping in Indonesia. Eight online marketplaces are the focus of this research. This study uses a quantitative approach. This is a structural equation research with data obtained from 177 students through an online questionnaire using a five-point Likert scale; the selection criteria is having shopped online from various universities in Indonesia. The statistical testing tool used is SPSS 26.0, with the effect between variables determined using Partial Least Square (SmartPLS 3.0). The findings of this study indicate that the nine proposed hypotheses are accepted, positively and significantly, directly or indirectly, which are supported by previous research to reinforce the findings that have been found. The interesting attributes associated with this study are hedonic shopping motivation and impulse buying that mediate the relationship between website quality and customer satisfaction of online shopping in Indonesia’s marketplace.

Earnings Management: A Case Study in Indonesia

Ari Kuncara WIDAGDO,Rahmawati RAHMAWATI,Sri MURNI,Ratnaningrum RATNANINGRUM 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.5

This study aims to verify family ownership’s effect on earnings management by using corporate governance as the moderation variable. This study uses data panel regression with the period of 2011–2017. Corporate governance consisted of three dimensions, namely the board of commissioners, share ownership and transparency, and disclosure and auditing. Discretionary accruals measure earnings management with a model that controls company performance. Samples are manufacturing companies listed on Indonesia Stock Exchange. Observations were conducted on 198 firms throughout the year. The results indicated that corporate governance significantly affected earnings management. However, it declined the significance of family ownership toward earnings management. Hence, corporate governance can reduce earnings management. Furthermore, of the three components of corporate governance: the board of commissioners, shareholding, and transparency, the term shareholding precisely encouraged managers to conduct earnings management. Besides, the three core bodies of corporate governance lowered the significance of shareholding toward earnings management. This study’s findings suggest that in family firms in Indonesia, earnings management is becoming more intensive than in non-family firms. Additional tests show that there is an entrenchment effect on family firms in Indonesia. Furthermore, corporate governance leads to earnings management.

Financial Distress of Local Government : A Study on Local Government Characteristics, Infrastructure, and Financial Condition

Jaka Winarna,Ari Kuncara Widagdo,Doddy Setiawan 사람과세계경영학회 2017 Global Business and Finance Review Vol.22 No.2

This study aims to obtain empirical evidence related to the effect of the variables such as local government characteristics, infrastructure, and local government financial condition to the financial distress of local governments in Indonesia. Population of this study is all local government that issue the financial statements audited by the Supreme Audit Agency (Badan Pemeriksa Keuangan Repulik Indonesia-BPK RI) in the period 2007 to 2009. The method of sampling is purposive sampling method producing 152 observations. Method of analysis is binary logistic regression. The results show that size (SZ), total program cost for assets (RPCTA), carrying value (CV), ratio of cash quickly (CQR), performance of government wealth (PERF), return on equity (ROE), profit margin (PM), and current liabilities (CL) significantly associate with probability of financial distress of local government. It implies that information presented in the financial statements of local governments in Indonesia has a predictive value, and, therefore is relevant tobe used in decision making.

The Effect of RGEC and EPS on Stock Prices: Evidence from Commercial Banks in Indonesia

Mu’minatus SHOLICHAH,M,JIHADI,Bambang WIDAGDO,Novita MARDIANI,Dewi NURJANNAH,Yoosita AULIA 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.8

This study aims to examine and analyze the effect of Risk Profile, Good Corporate Governance (GCG), Earnings, Capital (RGEC), and Earnings per Share (EPS) on stock prices with financial distress as an intervening variable. The sampling technique used purposive sampling based on certain criteria and data used was secondary data, that is, annual reports of commercial banks in Indonesia for the period of 2012–2018 with a sample of 23 banks from a total population of 81 banks. This type of research is explanative with a quantitative descriptive approach to describe or explain quantitative data. The data obtained was analyzed using SEM (Structural Equation Model) with the AMOS Program. The results showed that RGEC, EPS, and financial distress affect stock prices. This is based on testing the direct effect as indicated by a p-value that is smaller than 0.05. Based on the mediation test, the results show that financial distress cannot mediate the effect of RGEC and EPS on stock prices as indicated by a p-value greater than 0.05. The implication of this research is very important for investors to analyze stock price changes based on RGEC, EPS, and financial distress to gain profits. In addition, there are various warning signs indicating that a company is experiencing financial distress or it is heading towards such a state. Being aware of these signs can help prevent failure.

The Effects of Profitability and Solvability on Stock Prices: Empirical Evidence from Indonesia

SHOLICHAH, Fatmawati,ASFIAH, Nurul,AMBARWATI, Titiek,WIDAGDO, Bambang,ULFA, Mutia,JIHADI, M. Korea Distribution Science Association 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.3

This study aims to analyze the effect of the ratio of profitability and solvability (leverage) on the variable stock price, which is mediated (intervening) by the variable dividend policy. Using the financial reports of manufacturing companies in the consumer goods sector, we take profitability data (ROA, ROE, GPM, and NPM), solvability data (DAR, LTDER, and DER), dividend policy (DPR), and stock price (closing price) from 24 companies, which were selected as samples, from 2011 to 2018. Data was analyzed using the Structural Equation Modeling (SEM) method. The results show that profitability, solvability, and dividend policy affect changes in stock prices, respectively. On the other hand, profitability and solvability do not affect dividend policy. The indirect relationship (intervening) is assessed using a single test, resulting in a dividend policy that can intervene in the relationship between profitability and stock prices but cannot mediate the relationship between solvability and stock prices. The implication of this research is to provide knowledge to investors about the importance of knowing the company's financial performance. Companies with good financial performance will easily develop because there are sufficient funds for company operations. By analyzing financial ratios, investors can get signals to decide whether to invest in the company they want.