Publisher: Universitas Muhammadiyah Surakarta   (Total: 33 journals)   [Sort alphabetically]

Showing 1 - 33 of 33 Journals sorted by number of followers
JRAMathEdu : J. of Research and Advances in Mathematics Education     Open Access   (Followers: 5)
J. of Community Services and Engagement     Open Access   (Followers: 2)
Pharmacon : Jurnal Farmasi Indonesia     Open Access  
Emitor : Jurnal Teknik Elektro     Open Access  
Media Mesin : Majalah Teknik Mesin     Open Access  
Sinektika : Jurnal Arsitektur     Open Access  
Iseedu : J. of Islamic Educational Thoughts and Practices     Open Access  
J. of Nutraceuticals and Herbal Medicine     Open Access  
Profetika Jurnal Studi Islam     Open Access  
Komuniti : Jurnal Komunikasi dan Teknologi Informasi     Open Access  
J. of Islamic Economic Laws     Open Access  
Indonesian J. on Learning and Advanced Education     Open Access  
Kajian Linguistik dan Sastra     Open Access  
Law and Justice     Open Access  
Suhuf     Open Access  
Jurnal Varidika     Open Access  
Benefit : Jurnal Manajemen dan Bisnis     Open Access  
Jurnal Kesehatan     Open Access  
Jurnal Jurisprudence     Open Access  
Jurnal Manajemen Dayasaing     Open Access  
Biomedika     Open Access  
Manajemen Pendidikan     Open Access  
Indigenous : Jurnal Ilmiah Psikologi     Open Access  
Riset Akuntansi dan Keuangan Indonesia     Open Access  
Forum Geografi     Open Access  
Tajdida : Jurnal Pemikiran dan Gerakan Muhammadiyah     Open Access  
Jurnal Pendidikan Ilmu Sosial     Open Access  
Warta LPM     Open Access  
Bioeksperimen : Jurnal Penelitian Biologi     Open Access  
Profesi Pendidikan Dasar     Open Access  
Khazanah Informatika     Open Access  
Jurnal Ekonomi Pembangunan : Kajian Masalah Ekonomi dan Pembangunan     Open Access  
Jurnal Ilmiah Teknik Industri     Open Access  
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Riset Akuntansi dan Keuangan Indonesia
Number of Followers: 0  

  This is an Open Access Journal Open Access journal
ISSN (Print) 1411-6510 - ISSN (Online) 2541-6111
Published by Universitas Muhammadiyah Surakarta Homepage  [33 journals]
  • The Determination of Fair Selling Price: an Ethnomethodology Study in PT.
           Panderman Property Syariah

    • Authors: Wiwid Sukamto, Iwan Triyuwono, Unti Ludigdo
      Pages: 1 - 15
      Abstract: This study aims to reveal the practice of setting the price of sharia property without banks. This study uses an interpretive paradigm with a religious ethnomethodological approach to find ways or methods of setting the price that are believed in a social environment based on justice value in Islam. The data in this study were obtained from observations in the field, documentation and in-depth interviews with people who are related to setting the price at PT Panderman Properti Syariah. Data analysis was performed using equitable indexicality and equitable reflexivity. The results of the study show that there are four ways to determine the selling price, such as; implementing sharia provisions, determining the pricing objectives, calculating costs and determining fair profit, and bidding and contract arrangement mechanisms. Fair selling price is determined by paying attention to the rights of stakeholders, both those that are related to and those not directly related to the company's operations. Each stakeholder is fulfilled their rights in a balanced manner.
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.14209
      Issue No: Vol. 7, No. 1 (2022)
  • The Effect of Corporate Life Cycle on Corporate Restructuring

    • Authors: Nur Afiqoh Sari
      Pages: 16 - 25
      Abstract: This study aims to determine the effect of corporate life cycle on restructuring decisions with governance and financial distress as moderating variables in manufacturing companies listed on the Indonesia Stock Exchange in five years (2013-2017) and there are 480 data for the sample. The hypotheses tested using logistic regression. The results of this study indicate that life cycle has an effect on restructuring decisions. Financial distress strengthen the influence of the "birth" and "mature" stages to carry out managerial restructuring, and strengthen the "growth" stage to carry out operational restructuring and financial restructuring. However, financial distress does not moderate the influence of the life cycle on asset restructuring. Governance weakens the influence of the “birth” stage in managerial restructuring and also weakens the influence of the “birth” and “mature” stages in financial restructuring strategies. GCG does not moderate the effect of the life cycle on operational restructuring and asset restructuring.
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.15373
      Issue No: Vol. 7, No. 1 (2022)
  • Female Family Echelon and Capital Structure Decisions in Family Firm

    • Authors: Hadi Sumarsono
      Pages: 26 - 38
      Abstract: This research aims to examine how female family echelons (the presence female family on commisioner or director) effect on leverage. Sample  use in research are 1374 firms years observation from nonbank and nonfinancial sector actived trade on Indonesia Stock Exchange over 2011 to 2015. Using regression of fixed effect model, this finding suggest that family firm are less leverage than nonfamily firm. Proportion of family ownership, family commisioner and family director insignificant affect on leverage, however, relationship between family ownership and leverage are significantly nonlinear (U-shape). Female family echelons effect on leverage. Family firms more risk averse than nonfamily firm due to involvement women on family echelons.
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.15440
      Issue No: Vol. 7, No. 1 (2022)
  • Book Building vs Fixed Price Revisited: The Case of Indonesia

    • Authors: Tri Utami, Arief Surya Irawan
      Pages: 39 - 49
      Abstract: We revisited the evidence on how IPO methods affect return (opening, close and initial return) and why does return affects the volatility in Indonesia. As one of the emerging countries, Indonesia had a changing regulation regarding the IPO method from the fixed price to the book building method since October 2000. Using a clustering regression analysis method, we find that the opening price and initial price in the book building period are significantly higher than that in the fixed price period. Furthermore, there is no effect of the opening return on the volatility. In contrast, closing return affects the volatility positively, while the relationship between initial return and volatility shows somewhat mixed results.
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.17112
      Issue No: Vol. 7, No. 1 (2022)
  • Audit Quality of The Engagement Partner and Audit Firm

    • Authors: Elfina Astrella Sambuaga, Antonius Herusetya
      Pages: 50 - 62
      Abstract: This study examines the effect of the number of clients and complexity on audit quality at the audit engagement partner (AEP) and public accounting firm (PAF) levels. We use discretionary accrual and real activities manipulation models to assess the audit quality at the AEP and PAF levels. Our study examines 506 firm-year observations as our sample for the companies in the industrial sector listed on the Indonesian Stock Exchange. Using multiple linear regressions and controlling for year and industry fixed effects, our study discovered that the client complexity handled by AEPs is associated with the declining audit quality of AEPs using discretionary accruals. However, our study discovered no relationship between the number of clients at the AEP and PAF levels, and client complexity at the PAF level that influences the audit quality. Thus, the findings of our study suggest to standard setters, capital market participants, and other stakeholders that audit quality at the AEP level remains a significant concern.
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.17388
      Issue No: Vol. 7, No. 1 (2022)
  • Transfer Pricing Aggressiveness, Thin Capitalization, Political
           Connection, Tax Avoidance: Does Corporate Governance Have A Role in

    • Authors: Eta Fasita, Amrie Firmansyah, Ferry Irawan
      Pages: 63 - 93
      Abstract: This study investigates the association of transfer pricing aggressiveness, thin capitalization, and political connection with tax avoidance and the corporate governance's role in moderating these associations. The secondary data of this study are data and information obtained from financial reports and annual reports sourced from and The analysis is conducted on 61 non-financial multinational companies listed on Indonesia Stock Exchange over the 2016-2019 period, chosen by the purposive sampling method resulting in 244 firm-year. Hypothesis testing employs regression analysis with a data panel.  The result suggests that transfer pricing aggressiveness and political connection are negatively associated with tax avoidance. In contrast, thin capitalization is positively associated with tax avoidance. However, corporate governance can weaken each of these associations. This study indicates that the Indonesian Tax Authority should consider multinational companies with large interest debt structures on the list of priorities in tax inspection policy. Also, this study shows Indonesian firms are less likely to use political connection and transfer pricing to avoid tax.
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.17313
      Issue No: Vol. 7, No. 1 (2022)
  • The Influence of Majority Ownership, Profitability, Size of the Board of
           Directors, and Frequency of Board of Commissioners Meetings on
           Sustainability Report Disclosure

    • Authors: Rina Trisnawati, Safari Dwi Wardati, Eskasari Putri
      Pages: 94 - 104
      Abstract: Purpose – This study aims to determine the effect of majority ownership, profitability, the size of the directors board, and frequency of board of commissioners meetings on sustainability report disclosure.Design/methodology/approach– The data were tested using multiple linear regression method. The population used are LQ45 companies listed in Indonesian Stock Exchange (IDX) during the years 2017-2020. This study uses purposive sampling method and obtained 80 LQ45 companies for four years of observation.Findings– The results of this study indicated that the size of the directors board has a significant effect on sustainability report disclosure. While majority ownership, profitability, and frequency of board of commissioners meetings have no effect on sustainability report disclosure.Research limitations/implications– The board of directors is the highest element of management that has responsibility for gaining legitimacy. Companies that have a low number of boards of directors will disclose a higher sustainability report. A small board of directors will result in the effectiveness of coordination, communication and control of the CEO and result in participation that has a positive impact on monitoring information disclosure.Practical implications – Companies are expected to pay attention to sustainability reports disclosure because more high demands from stakeholders for non-financial information of each company.Originality/value – This study uses the majority ownership variable where this variable is very rarely used and uses the LQ45 company because previous research has focused on each industrial sector.
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.17783
      Issue No: Vol. 7, No. 1 (2022)
  • The Presence and Capabilities of Women on Board and Corporate Financial
           Performance: a Study on Female vs Male-dominated Industry

    • Authors: Widowati Dian Permatasari, Yuli Tri Cahyono, Atwal Arifin
      Pages: 105 - 116
      Abstract: The purpose of this study is to determine the effect of the women presence and their capabilities on the companies’ financial performance in company listed on the Indonesia Stock Exchange. This study splits the sample into two industry categories based on gender domination which are female and male-dominated industry. Using agency theory, resourced based theory and human capital theory, this study find that  the presence of a women on board has a significant positive impact on the company's financial performance as measured on market basis. In addition, their capability - such as education background in economics/business/finance and relevant work experience - have significant positive impact on the company's accounting performance. These results are seen mainly in the entire sample group and the male-dominated sample group.
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.17949
      Issue No: Vol. 7, No. 1 (2022)
  • The Role of Corporate Governance Mechanism on Disclosure of Enterprise
           Risk Management in Indonesian Banking Industry

    • Authors: Rita Wijayanti, Kurnia Rina Ariani, Suyatmin Suyatmin
      Pages: 117 - 126
      Abstract: This research aims to determine the role of the corporate governance mechanism, which includes the board of commissioners, board of directors, audit committee, institutional ownership, and ownership concentration on enterprise risk management (ERM). The population in this study are banking companies listed on the Indonesia Stock Exchange from 2015 to 2019. Using purposive sampling resulted in 28 companies as the final sample during the 5-year observation period. This study uses multiple linear regression analysis techniques. The results showed that the board of directors, audit committee, institutional ownership, and ownership concentration positively and significantly affected ERM. In contrast, the board of commissioners was not proven. 
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.18061
      Issue No: Vol. 7, No. 1 (2022)
  • Income Analysis of Micro and Small Enterprises (MSEs) During the Covid-19
           Pandemic: Evidence from Indonesia

    • Authors: Mahameru Rosy Rochmatullah, Ade Khurnia Jati, Fauzan Fauzan
      Pages: 127 - 138
      Abstract: Micro and Small Enterprises (MSEs) are one of the economic sectors that have been severely affected by the Covid-19 pandemic. MSE actors experienced decreased income due to declined sales and marketing limitations caused by restrictions on working hours imposed by the government and reduction in workforce done by business owners to reduce spending and incompatible information technology capabilities for MSE buying and selling transactions. This study aims to analyze the capability of MSEs to earn income during the Covid-19 pandemic. To be more specific, this study focused on several factors that influence income, namely working hours, total workforce, education level, information technology, and government capital assistance. By employing multiple linear regression, the study results indicated that capital assistance from the government could explain the income gain of MSE actors. Meanwhile, the other four variables did not have any impact on MSE income. 
      PubDate: 2022-05-17
      DOI: 10.23917/reaksi.v7i1.18050
      Issue No: Vol. 7, No. 1 (2022)
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