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l-ACULn'ov
PROCEEDINGS The 2nd International Conference
on Finance, Management and Business
"Disseminating Ideas for Development
in The Field of Finance, Management, and Business"
SEMARANG, INDONESIA
AUGUST 1,2018
Professor Hemant Merchant (Kate Tiedemann College of Business
University South of Florida St. Petersburg, USA)
Professor Othman Yong (Universiti Kcbangsaan Malaysia)
i f m a
Proceedings
The 2nd International Conference on Finance, Management and Business (ICFMB2018)
"Disseminating Ideas for Development in The Field of Finance, Management and Business'
Department of Management Faculty of Economics and Business Universitas Diponegoro
Proceedings The 2nd International Conference on Finance, Management and Business ( ICFMB 2018) "Disseminating Ideas for Development in The Field of Finance, Management and Business"
Editor: Erman Denny Arfianto Layout: Thomas.Sugeng Hariyoto Design Cover: Erman Danny Arfianto
Prof. Hemant Merchant (University of South Florida in St. Petersburg) Prof Claudio Morana (Milan State University) Prof. Joseph Cherian (NUS) Prof Sugato Bhattacharyya (University of Michigan) Prof. Mathijs van Dijk (Erasmus University) Prof. Sugeng Wahyudi (Universitas Diponegoro) Prof. Armanu Thoyib (Universitas Brawijaya) Chotibak (Pab) Jotikasthira, PhD
Reviewers: (Southern Methodist University) Johan Sulaeman, PhD (National University of Singapore) Wing Wah Tham, Phd (UNSW) Dr. Mohd Norfian AHfiah (Universiti Teknologi Malaysia) Dr. Suhamomo (Universitas Diponegoro) Dr. Ahyar Yuniawan (Universitas Diponegoro) Agung Buchdadi, PhD (Universitas Negeri Jakarta) Dr. Suherman (Universitas Negeri Jakarta)
Conference Chair:
Dr. Harjum Muharam (Department of Management FEB Universitas Diponegoro) Conference Co-Chair:
Dr. Susiio Toto Raharjo (Magister Manajemen FEB Universitas Diponegoro) Organizing Committee:
Erman Denny (Universitas Diponegoro) Rizal Hari Magnadi (Universitas Diponegoro)
Published by:
Department of Management Faculty of Economics and Business Universitas Diponegoro Jl. Prof Soedarto SH, Tembalang, Kota Semarang, Jawa Tengah 50275 Email: [email protected] Telp (024) 76486851, 76486853 Fax:(024)76486852
This publication is in copyright, subject to statutory exception and to the provisions of relevant collective hcensing agreements. No reproduction of any part may take place without the written permission of Department of Management FEB Universitas Diponegoro
First published in 2018
Distributed by: Department of Management Facuhy of Economics and Business Universitas Diponegoro Jl. Prof. Soedarto SH, Tembalang, Kota Semarang, Jawa Tengah 50275 Email: [email protected] Telp (024) 76486851, 76486853 Fax : (024) 76486852
ii
The 2" International Conference on Finance, Management and Business Semarang, August I , 2018
FOREWORDS
Salaam,
I am delighted to welcome you to Semarang, hidonesia. The purpose of International Conference on Finance, Management and Business is to bring together researchers and practitioners all over the world to share new ideas and present latest developments in the theorical and practical areas of fmance, management and business.
I am honored to have the keynote speakers in the conference; Professor Hemant Merchant from University of South Florida in St. Petersburg, USA and Professor Othman Yong from Universiti Kebangsaan Malaysia.
I am hoping that all participants of the conference to take time not only for paper presentation, but also to actively engage one another and to take this opportunity to further develop your professional links.
The conference will not be possible to be organized without the dedicated efforts of many individuals who have contributed to the various process that make up this event. For their dedication, I sincerely convey my appreciation. My sincere gratitude also goes to our institution partners and journal partners that provide their support in this conference.
Last but not least, Semarang with its exotic and unique atmosphere is very interesting to be explored. So, enjoy your stay in Semarang.
Wassalaamualaikum
Best wishes. Dr. Harjum Muharam Conference Chair Head of Management Department F E B Universitas Diponegoro
The T'' International Conference on Finance, Management and Business Semarang, August 1, 2018
PATRONS
Keynote Speakers:
Professor Hemant Merchant (University of South Florida in St. Petersburg, U S A ) Professor Othman Yong (Universiti Kebangsaan Malaysia)
Organizer:
Department of Management F E B Universitas Diponegoro
Co-organizers:
Tunghai University, Taiwan
Asosiasi Ilmuwan Manajemen Indonesia Indonesian Financial Management Association
Conference Chair:
Dr. Harjum Muharam (Department of Management F E B Universitas Diponegoro)
Conference Co-Chair:
Dr. Susiio Raharjo (Magister Manajemen F E B Universitas Diponegoro)
Scientific Committee:
Prof Hemant Merchant (University of South Florida in St. Petersburg) Prof Claudio Morana (Milan State University) Prof. Joseph Cherian (NUS) Prof Sugato Bhattacharyya (University of Michigan) Prof Mathijs van Dijk (Erasmus University) Prof Sugeng Wahyudi (Universitas Diponegoro) Prof Armanu Thoyib (Universitas Brawijaya) Chotibak (Pab) Jotikasthira, PhD (Southem Methodist University) Johan Sulaeman, PhD (National University of Singapore) Wing Wah Tham, Phd (UNSW) Dr. Mohd Norfian Alifiah (Universiti Teknologi Malaysia) Dr. Suhamomo (Universitas Diponegoro) Dr. Ahyar Yuniawan (Universitas Diponegoro) Agung Buchdadi, PhD (Universitas Negeri Jakarta) Organizing Committee:
Erman Denny Arfianto (Universitas Diponegoro) Rizal Hari Magnadi (Universitas Diponegoro)
iv
The 2" International Conference on Finance, Management and Business Semarang, August I , 2018
CONFERENCE PROGRAM
Hour Program Location
07.30- 14.00 Registration 4th floor, C Building
08.00- 10.00 Concurrent session 1 Room 1-5, 3th floor, C Building
10.00-10.15 Coffee break 4th floor, C Building
10.15-10.25 Opening speech Main hall, 4th floor, C Building
10.25-12.00 Keynote speeches by Prof Hemant Merchant and Prof Othman Yong
Main hall, 4th floor, C Building
12.00-13.15 Lunch 4th floor, C Building
13.15-14.45 Seminars by Prof Hemant Merchant and Prof Othman Yong
Main hall, 4th floor, C Building
14.45-15.00 Coffee break 4lh floor, C Building
15.00-17.00 Concurrent session 2 Room 1-5, 3th floor, C Building
17.00-17.30 Closing ceremony and best paper awards Main hall, 4th floor, C Building
iii
The
2"
Inte
rnatio
nal
Confe
rence
on F
inance
, M
an
ag
em
en
t and B
usi
ness
S
em
ara
ng,
August
I, 2
018
PRESENTATION
SCHEDULE
CONCURRENT
SESSION I (Hour: 08.00- IQ.QO)
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ROOM 2
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ROOM 4
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The
Inte
rnatio
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Confe
rence
on F
inance
, M
an
ag
em
en
t and B
usi
ness
S
em
ara
ng,
August
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2018
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li S
uh
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ix
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Inte
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Confe
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ag
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t and B
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ness
S
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ng,
August
1, 2
018
BU
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The T*" International Conference on Finance, Management and Business Semarang, August /, 2018
INDEX
FOREWORDS PATRONS PROGRAM PRESENTATION SCHEDULE INDEX
FACTORS INFLUENCING EMPLOYEE ENGAGEMENT TOWARDS THE ORGANIZATION OF KHON KAEN UNIVERSITY PERSONNEL Dusadee Ayuwat, Jongrak Hong-ngam, Wanichcha Narongchai, Supee Samorna, Kriangkrai Pasuta, Krongkaew Kingsawat, Somphot Thinpru, Kwannakorn Sonman, Nattawat Auraiampai 1
PERCEIVED PATIENT-CENTERED BEHAVIOR AND PATIENT ENGAGEMENT ON QUALITY OF CARE WITH PATIENT'S ORIENTATION PREFERENCE AS THE MODERATING VARIABLE Linda Kong, Ying-Chyi Chou^ Ching-Hua Lu 2
THE IMPACT OF NON-INTEREST INCOME ON BANK MARKET PERFORMANCE: THE ROLES OF REGULATIONS, BANK CONCENTRATION, AND CORPORATE GOVERNANCE Hsiao-Jung Chen, I Gusti Agung Musa Budidarma 3
HAPPINESS FROM ECONOMIC STATUS: EVIDENCE FROM THE ELDERLY IN THE NORTHEASTERN REGION OF THAILAND Jongrak Hong-ngam, Dusadee Ayuwat, Kesinee Saranrittichai 4
BEHAVIOURAL AND PSYCHOLOGICAL FACTORS INFLUENCING MALAYSIAN HOUSEHOLDS' FINANCIAL WELL-BEING Nurul Shahnaz Mahdzan, Rozaimah Zainudin, Fauzi Zainir, Mohd Edil Abd Sukor, Wan Marhaini Wan Ahmad «..,„. 5
THE DETERMINANTS OF CREDIT CARD MISUSE AMONG GENERATION Y URBANTFES IN MALAYSIA Rozaimah Zainudin, Nurul Shahnaz Ahmad Mahdzan, Yeap Ming Yee 6
GLOBALIZATION IMPACTED TO SUSTAINABILITY OF VOLCANIC DISASTER MANAGEMENT PERFORMANCES IN MT.SLAMET, INDONESIA Diah Setyawati Dewanti, Dusadee Ayuwat, Sekson Yongvanit 7
ROLE OF MICRO FINANCE INSTITUTIONS IN DEVELOPING THE SMALL SCALE ENTERPRISES OF ETHIOPIA Anubha Srivastava, Preeti Kulshrestha 8
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The International Conference on Finance, Management and Business Semarang, August 1, 2018
CUSTOMER LOYALTY: JUST OVERT BEHAVIOR, WITHOUT ATTITUDINAL COMPONENT Lerbin R. Aritonang R. 9
LOYALTY, IMAGE, SATISFACTION, AND INTENTION: MEDIATED B Y TRUST Lerbin R, Aritonang R 10
IMPROVEMENT OF INVENTORY MANAGEMENT OPERATION AT PT. RED TO INCREASE COMPANY'S REVENUE Grace Listiani 11
K E Y FACTORS THAT INFLUENCE CUSTOMER ADOPTION OF TECHNOLOGY INNOVATION IN THE INDONESL\N SECTOR: A CASE OF HILTI B. Silaban, R.A. Nasution 12
BUILD THE IMAGE EAST JAKARTA INDUSTRIAL PARK (EJIP) Andriasan Sudarso, Lili Suryati 13
THE INFLUENCE OF CAPITAL ADEQUACY RATIO, LOAN EXPOSURE, LOAN TO DEPOSIT RATIO, NET INTEREST MARGIN AND CASH RATIO TO RETURN ON TOTAL ASSET ON BANKING SECTOR LISTED AT INDONESIAN STOCK EXCHANGE PERIOD 2011 - 2016. Astrid Dita Meirina Hakim, Mia Laksmiwati 14
INADEQUATE MANAGEMENT ACCOUNTING INFORMATION IS THE CAUSE OF THE DECLn>IING PERFORMANCE OF MANAGERLAL OF INDONESIAN T E X T I L E INDUSTRY Rima Rachmawati 15
UNDERSTANDING THE INDONESIAN ENVIRONMENT TO OVERCOME THE CHALLENGES OF TAKAFUL INDUSTRY MARKET DEVELOPMENT Peni Nugraheui 16
SOCIAL ENTREPRENEURSHIP: INNOVATION OF EMPLOYMENT OPPORTUNITIES IN RURAL (CASE STUDY OF MUSHROOM BUSINESS IN MAJALENGKA REGENCY) Mulyaningrum, Ellen Rusliati 17
FINANCIAL L ITERACY FOR ENTREPRENEUR: A SYSTEMATIC L ITERATURE REVIEW Astrie Krisnawati, Jurry Hatammimi 18
IMPLICATIONS OF INTANGIBLE ASSETS IDENTIFICATION WTTH DEMPE IN THE INDONESL\'S TRANSFER PRICING TAX REGULATIONS Leonard Saputra, Christine Tjen 19
INTELLECTUAL CAPITAL DISCLOSURE: EVIDENCE FROM UNIVERSITIES IN SOUTHEAST ASLV Sigit Hermawan, Sriyono, Wiwit Hariyanto, Niko Fediyanto 20
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The 2"'' International Conference on Finance, Management and Business Semarang, August I , 2018
THE DETERMINANTS OF GROWTH AND FIRM VALUE Abid Djazuli, Ervita Savitri, Dinarossi Utami 21
MODEL OF SMALL MEDIUM ENTERPRISES PERFORMANCE BASED ON GREEN ECONOMY THROUGH STRENGTHENING INSTITUTIONAL AND PRODUCTION Sriyono Sriyono, Sigit Hermawan, Sarwendah Biduri 22
NEW MODEL OF ENTEPRENEUR CREATION FROM PROFESSIONAL WORKER Masruhan Kholil, Sony Heru Priyanto, Roos Kities Andadari, Sri Sulandjari 23
THE EFFECT OF FIRM SIZE, EARNING VOLATILITY, AND INTEREST RATES ON THE STOCK RETURN AND FINANCIAL PERFORMANCE AS MEDIATION Tonny Maringka 24
LOCAL CULINARY MSME DEVELOPMENT ON INDONESIA TOURISM Asep Mulyana, Rita Komaladewi, Dika Jatnika, Deru Andika 25
EVALUATION OF TIME BASED MAINTENANCE (TBM) TO REDUCE MAINTENANCE COST Nisa Isrofi, Moses Laksono Singgih 26
THE DIFFERENCE IN EFFECTIVENESS BETWEEN NIKAH OR S2 VERSION AND GOYANG BERSIH JINGLE VERSION OF FAIR & LOVELY TELEVISION ADVERTISEMENTS IN PALEMBA>JG CITY Siska Futri, Sri Rahayu, Ervita Safitri 27
THE INFLUENCE OF BRAND AWARENESS, PERCEIVED QUALITY, PRICE, AND ADVERTISING ON CONSUMERS' PURCHASING DECISION ON THE PRIVATE-BRANDED PRODUCTS OF ALFAMART DEPOK INDONESIA Waseso Segoro, Bella Linda Yuniar 28
INCREASE REPURCHASE INTENTION THROUGH SATISFACTION AND TRUST AT ZALORA.CO.ID, INDONESL\ Mudiantono, Marko Tatang 29
CUSTOMER L O Y A L T Y WITH CUSTOMER SATISFACTION AS INTERVENING VARL^£LE ON LIONAIR CUSTOMER IN INDONESLV Avianto Dimas Praditya, Sri Rahayu Tr i Astuti 30
THE EFFECT OF FINANCLM. INCLUSION TO MICRO SMALL AND MEDIUM ENTERPRISES CREDIT IN INDONESL\ Linati Haida Alimi, Astiwi Indriani 31
INDIVIDUAL CHARACTERISTICS, FINANCL\ L ITERACY AND A B I L I T Y IN DETECTING INVESTMENT SCAMS Anis Chariri, Wibowati Sektiyani, Nurlina, Richa Wahyu Wulandari 32
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The 2"'' International Conference on Finance, Management and Business Semarang, August I , 2018
COMPANY RESOURCE ANALYSIS IN DEVELOPING DYNAMIC CAPABILITY MATRIX: A CASE STUDY IN UNDERSTANDING THE SOURCE OF SUSTAINABILITY OF COMPANY'S EXCELLENCE PERFORMANCE OF INDONESIA LISTED NON-BANK FINANCIAL INSTITUTIONS Randy Hadipoespito, Hardijanto Saroso 33
THE MEDIATING ROLE OF PSYCHOLOGICAL CAPITAL ON THE LINKAGES BETWEEN RELIGIOSITY ORIENTATION AND JOB STRESS Dwi Marlina Wijayanti, Niluh Putu Dian Rosalina H . N 34
INFLUENCE OF BOARD COMMISSIONERS SIZE, MANAGERIAL OWNERSHIP, AND PROFITABILITY TOWARD ENVIRONMENTAL DISCLOSURE ON WEBSITE Risna Dwi Kartika, isnalita 35
THE INFLUENCE OF SERVICE QUALITY, BRAND IMAGE AND PRICE ON CUSTOMER L O Y A L T Y THROUGH CUSTOMER SATISFACTION (A CASE STUDY ON X Y Z INSURANCE COMPANY) Rianto Nurcahyo, Sambudi Hamali, Darwin, Gelbert Gunawan 36
INTELLECTUAL CAPITAL DISCLOSURE AND THE UNDERPRICING OF INDONESIAN INITIAL PUBLIC OFFERINGS Elok Sri Utami, Nurul llli^'yin, Tatang Ary Gumanti 37
THE EFFECTS OF TAX AVOIDANCE AND AUDIT QUALITY ON TAX AMNESTY Ni Kadek Rahayu Nadi, Dwi Martani 38
FINANCL\ PERFORMANCE ANALYSIS SURROUNDING INITL\ PUBLIC OFFERINGS Marmono Singgih, Selfi Dewi Qomariyah, Tatang Ary Gumanti 39
HOW DOES SAMSUNG A B L E TO MANAGE SUSTAINABLE CORPORATE BRAND THROUGH CONSUMER LOYALITY? (THE CUSTOMER'S PERCEIVED STUDY OF SAMSUNG CORPORATE BRAND) Ira Murweni, Mokh. Adib Sultan 40
DETERMINANTS OF INTELLECTUAL CAPITAL DISCLOSURE IN INITIAL PUBLIC OFFERINGS Tatang Ary Gumanti, Ira Puspita Sari, Elok Sri Utami 41
PUBLIC SERVANTS CHARACTERISICS AND THEIR PERCEPTION ON MOTIVATION AND PERFORMANCE A.T. Hendrawijaya, N. Imsiyah, D.T. Indrianti, T.A. Gumanti 42
SYSTEMATIC REVIEW: THE DEVELOPMENT OF BURNOUT OVER 37 YEARS Astri Dias Maharani, Ayu Desnalita, Mirwan Surya Perdhana 43
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The 2"'' International Conference on Finance, Management and Business Semarang, August I , 2018
A STUDY ONTHE BRIGHT SIDE AND THE DARK SIDE OF CHANNEL RELATIONSHIPS ACROSS FURNITURE SMALL-MEDIUM-ENTERPRISES: WHICH ONE DOMINATE MOST? I Made Sukresna, Mahfudz, August>' Tae Ferdinand 44
THE IMPACT OF POLITICAL RISK ON EQUITY MARKET Paulina Yuritha Amtiran 45
HOW DOES THE T Y P E OF PRODUCT MODERATE CONSUMERS' BUYING INTENTIONS TOWARDS TRADITIONAL FOODS ? (STUDY OF CONSUMER BEHAVIOR IN INDONESIA) Budhi Haryanto, Djoko Purwanto, Amina Sukma Dewi, Edi Cahyono 46
EVALUATION OF LECTURERS' COMPETENCE IN IMPROVING TEACHING AND LEARNING ACTIVITIES TO FACE THE ASEAN ECONOMIC COMMUNITY (MEA) AT THE FACULTY OF ECONOMICS, UNIVERSITY OF WIJAYA KUSUMA SURABAYA Siti Asiah Murni, James Tumewu, Rica S. Wuryaningrum 47
PEOPLE MANAGEMENT AS A TOOL FOR SUSTAINABLE HUMAN RESOURCE MANAGEMENT Alfa Santoso Budiwidjojo Putra, Christantius Dwiatmadja, Gatot Sasongko, Lieli Suharti 48
BUILDING ACCELERATION OF ECONOMIC GROWTH MODEL THROUGH EDUCATION AND HEALTH BUDGET ALLOCATION CASES IN INDONESIA Hasyim, Rina Anindita, Baharuddin, Gunawan 49
ENTERPRISE RESOURCE PLANNING (ERP), USER COMPETENCY AND ORGANIZATION COMMITMENT TO QUALITY OF ACCOUNTING INFORMATION AND ACCOUNTING INFORMATION SYSTEM ON QUALITY OF ACCOUNTING INFORMATION (EMPIRICAL STUDY OF MAJOR SECTOR COMPANIES OF PLANTATION SUB-SECTOR Y E A R 2017) Sugeng Riyadi, Anita Wahyu Indrasti, Prita Andini 50
THE EFFECT OF STORE ATMOSPHERE, SERVICE QUALITY, PRICE, AND L I F E S T Y L E TO REPURCHASE INTENTION DM SALATIGA CAFE Terra Imelta Ole, Yusepaldo Pasharibu 51
THE RELATIONSHIP OF JOB SATISFACTION, ORGANIZATIONAL CHANGE DIMENSIONS, AND ORGANIZATIONAL CYNICISM Heni Kusumawati, Wisnu Prajoga, Nikodemus Hans Setiadi Wijaya 52
THE EFFECT OF PRICE AND PRODUCT QUALFTY TOWARDS CUSTOMER SATISFACTION AND CUSTOMER L O Y A L T Y ON MADURA BATIK Pribanus Wantara, Muhammad Tambrin »»»...53
TOWARD A NEW MODEL OF INNOVATION BEHAVIOR FOR FEMALE ENTREPRENEURS IN BATIK INDUSTRY Nur Laily, Triyonowati, Wahidawati 54
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The 2"'' Internationa! Conference on Finance, Management and Business Semarang, August 1, 2018
THE RELATIONSHIP BETWEEN COMPANY CHARACTERISTICS AND INTELLECTUAL CAPITAL IN INDONESIAN INITIAL PUBLIC OFFERINGS Nurhayati, Tika Maningarta, Tatang Ar\ Gumanti 55
ETHICS AND TAX EVASION: IS IT ETHICAL NOT PAYING TAXES IN A CORRUPT COUNTRY? Nurhidayati, Dyah Purwanti 56
INTERCONNECTEDNESS ANALYSIS INTERBANK MONEY MARKET (PUAB) ON BANKING AS ONE OF THE FINANCE SYSTEM VULNERABILITY INDICATORS IN THE CONTEXT OF SYSTEMIC RISK MITIGATION Luthfl Ardian, Ruslan Prijadi 57
HOW DO THE PERCEPTION OF TAX PROFESSIONALS ON TAX COMPLEXITY AND ITS CONSEQUENT ON TAX NONCOMPLIANCE BEHAVIOR? Dyah Purwanti, Benny Setiawan 58
AN EMPIRICAL INVESTIGATION ON THE IMPACT OF X B R L ADOPTION ON INFORMATION ASYMMETRY WITH CORPORATE GOVERNANCE AS MODERATING ROLE: EVIDENCE FROM INDONESL\ Rina Dharmawati, Siti Nurwahyuningsih Harahap 59
ANALYSIS ON THE EFFECT OF FINANCIAL PERFORMANCE, INVESTATION DECISIONS, AND FUNDING DECISIONS TOWARDS CASH HOLDINGS: THE ROLE OF DIVIDEND POLICY AS A MODERATING V A R L \ B L E Woen Cliff Wibowo, Sugeng Wahyudi 60
CONTENT ANALYSIS : MENTORING POLICY AND AUDITOR TURNOVER BEHAVIOR AT PUBLIC ACCOUNTING FIRM Nur Diana, Maslichah, M. ChoUd Mawardi 61
ACHIEVING BUSINESS PERFORMANCE THROUGH SUPPLY CHAIN AGIL ITY , STRATEGIC AND MANUFACTURING FLEXIBIL IT IES: EMPIRICAL STUDY ON SMES IN THE FASHION INDUSTRY IN BOGOR, INDONESL\ Amie Kusumawardhani, Nadhila Hakim .........62
THE ROLE OF SUPPLY CHAIN MANAGEMENT ON COMPETITIVE ADVANTAGE AND BUSINESS PERFORMANCE: AN EMPIRICAL STUDY AT THE CENTER OF TOFU CRAFTSMEN IN MAGELANG, INDONESL\ Amie Kusumawardhani, Sinta Putri Karunia, Cahyaningratri 63
A NON-MAINSTREAM PERSPECTIVE OF "TIME VALUE OF MONEY" ON MURABAHAH Virginia Nur Rahmanti, Dian Agustia 64
OWNERSHIP STRUCTURE AND AVOIDANCE OF TAXES Eny Suprapti .... 65
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The 2"*' International Conference on Finance, Management and Business Semarang, August I , 2018
THE IMPACT OF ORGANIZATIONAL JUSTICE ON JOB PERFORMANCE WITH AFFECTIVE COMMITMENT AS A MEDIATOR STUDY AT A PRIVATE UNIVERSITY IN BENGKULU PROVINCE, INDONESL\ Ansori Fazjerin, Suhamomo 66
ANALYSIS OF PDAM PERFORMANCE IN EAST JAVA BEFORE AND AFTER DEBT RESTRUCTURING Ady Setiawan, Isti Fadah, Elok Sri Utami 67
SYNCHRONIZING ISNC MODEL AND INDONESIA'S V ILLAGE FUND PROGRAM TO STIMULATE RURAL AGRICULTURE-BASED INDUSTRIALIZATION THROUGH RURAL INFRASTRUCTURE DEVELOPMENT Firrean Suprapto, Sukardi Sentono, Rezaldi Alief Pramadha 68
COMPARATIVE ANALYSIS OF ISLAMICITY PERFORMANCE INDEX IN ASEAN ISLAMIC BANKS IN 2011 - 2016 PERIOD (A CASE STUDY ON INDONESIA, MALAYSIA, BRUNEI DARUSSALAM, AND THAILAND) Noer Fauziah Aulia Rahayu, Dina Fitrisia Septiarini 69
THE IMPACT OF BRAND IMAGE, PRODUCT ATTRIBUTES, AND ATTITUDE TOWARD BUNDLING ON CONSUMER SATISFACTION AND REPURCHASE INTENTION Rendi Arfiandi, I Made Sukresna 70
ANALYSIS OF PERCEPTION AND WILLINGNESS TO PAY NEW VIRGIN RED PALM OIL (VRO) "SALMIRA" ON AFRICAN EXPATRIATE IN JAKARTA M. Syaefudin Andrianto, Darmono Taniwiryono 71
STRATEGI PEMASARAN DAN PERMASALAHAN YANG DIHADAPI OLEH PERUSAHAAN SEPATU DAN KERAJINAN PRODUK KULIT Dl DK I JAKARTA Darwin Simanjuntak 72
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The 2'"' International Conference on Finance, Management and Business Semarang. August 1, 2018
INFLUENCE OF BOARD COMMISSIONERS SIZE, MANAGERIAL OWNERSHIP, AND P R O F I T A B I L I T Y TOW ARD ENVIRONMENTAL DISCLOSURE ON W E B S I T E
Risna Dwi Kartika, Isnalita University of Airlangga
Abstract Tiie purpose of this research is to examine the influence of board commissioners size, managerial ownership, and profitability toward environmental disclosure on website. Companies generally disclose CSR activities in annual reports or ongoing reports while this study will empirically lest the investor's response to the CSR information disclosed on the website. This study utilize data of 10! manufacturing companies listed on the Indonesia Stock Exchange for year 2015. Board of commissioners size is measured by the number of board of commissioners in the company, managerial ownership is measured by percentage of management share proportion, profitabilit)' is measured by ROA, and environmental disclosure is measured by Environmental Disclosure Index. The results of this study show that board of commissioners size and profitability significantly influenced environmental disclosure on website while managerial ownership has no influence on environmental disclosure on website. The results of this study can be used by management as a reference when make decicion about company environmental disclosure on website.
Ke>Tvords: board of commissioners size, environmental disclosure, managerial ownerships, profitability, website
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The 2ncl International Conference
j on Finance, IV
Ianagement and B
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Semarang, August 1, 2018
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