Journal of Economics, Business, and Government Challenges

The Role of Microinsurance in Helping Industrial Enterprises (MSME) in Indonesia

2024-11-16T13:12:02+00:00

This journal discusses a number of key aspects regarding the role of microinsurance in driving industry development. First, microinsurance provides financial protection to micro and small businesses, which are often the backbone of the industrial sector in Indonesia. This protection helps reduce the risks associated with business failures and losses due to disasters or other unforeseen events. Second, microinsurance encourages investment and innovation in industrial sectors by providing a sense of security to entrepreneurs. This can accelerate the growth and diversification of domestic industries, which in turn can create jobs and increase productivity.Overall, this journal concludes that microinsurance has a significant role in supporting industrial development in Indonesia. By providing protection and financial support to micro and small businesses, microinsurance has the potential to become a driver of sustainable and inclusive economic growth in the country. However, collaborative efforts from the government, financial institutions and the private sector are still urgently needed to maximize the benefits of microinsurance for the development of Indonesian industry.

Exploring The Role of Tax Sanctions, Tax Awareness and Tax Knowledge in Shaping Taxpayer’s Compliance

2024-11-16T20:49:33+00:00

This study aims to investigate the influence of tax sanctions, tax awareness, and tax knowledge on tax compliance in the Surabaya area. Employing a quantitative research approach, data was collected through questionnaires from a sample of 134 taxpayers in Surabaya, selected using the purposive sampling method. The data was analyzed using Structural Equation Modelling (SEM). The findings reveal that tax sanctions and tax awareness do not significantly impact taxpayer compliance. This indicates that the implementation of tax sanctions and the current level of taxpayer awareness alone are insufficient to drive compliance with tax obligations. Conversely, tax knowledge was found to have a significant influence on taxpayer compliance, suggesting that the more knowledgeable taxpayers are about tax regulations and obligations, the more likely they are to comply. These results highlight the need for policymakers to focus on improving tax education and outreach programs, as enhancing taxpayers' understanding of tax regulations could be a more effective strategy to increase compliance than merely enforcing sanctions or raising awareness.

Social Construction and Communication Pattern of Fishermen Community in South Java Sea Coast

2024-11-16T13:38:26+00:00

By considering the structure of environmental economic resources, which is the foundation for survival and as a social unit, a fishing community's sociocultural existence may be based on its reliance on the exploitation of marine and coastal resources. Having a very strong patron-client relationship structure, using optimal self-ability and adaptation, being competitive and achievement-oriented, appreciating skills and life success, being open and expressive, having a high level of social solidarity, having a system of division of labor, and engaging in consumptive behavior are the traits that make up the communication pattern of the fishing community. The purpose of this study is to identify and analyze social constructions and communication patterns in fishing communities living on the southern coast of Java. This study uses a qualitative approach with a literature study method. In Javanese society, sociologically, tradition has an important role in social action to identify its function and role at the same time in the group. The study's findings indicate that the social capital of the fishing communities along Java's southern coast, which includes social relations, social norms, respect, and trust, has an impact on the welfare and productivity of these communities. These communities are the center of organizing and preserving human capital with the fishermen's communication pattern, which is a process of exchanging ideas and meanings between individuals who communicate with each other.

Comparative Analysis of State-Owned Property Insurance Policies: A Study Between Indonesia and Other Countries

2024-10-30T04:24:26+00:00

This study aims to analyze the implementation of public asset insurance policies in the Philippines, New Zealand, and Australia and to evaluate how these policies can be adapted or applied in Indonesia. The research methods employed include literature review, interviews, and documentation. The results indicate that each country adopts different approaches tailored to their specific contexts and needs. The Philippines has the National Indemnity Insurance Program (NIIP) that provides comprehensive insurance protection for key government assets, New Zealand has the Local Authority Protection Programme (LAPP) designed to protect local government infrastructure, and Australia has Comcover, which offers insurance and risk management services for Australian government entities. The insurance policies in these three countries reflect national priorities and risk mitigation strategies, yet all aim to enhance the resilience and protection of public assets. The study finds that several elements of public asset insurance policies from the Philippines, New Zealand, and Australia can be adopted in Indonesia to improve the protection of state assets. For instance, the Philippines' flexibility in accessing the reinsurance market and adjusting insurance coverage, New Zealand's joint insurance program to protect national infrastructure, and Australia's efficiency in claims and comprehensive government equity protection. Adapting these elements in Indonesia is expected to enhance efficiency, coverage, and financial stability when facing various risks.

Application of Auditor Professionalism Attitudes in the Audit of Assets and Cash KAP Rudiana Fibriani

2024-11-16T20:52:27+00:00

The aim of this study is to evaluate the effectiveness of the audit process in ensuring the accuracy and completeness of financial statements and to identify the auditor's role in enhancing corporate transparency and credibility. The research method used is descriptive with an exploratory approach. The audit process involves four main stages: planning and designing the audit approach, testing controls and transactions, performing analytical procedures and detailed testing of balances, and completing the audit and issuing an audit report. The results of this study indicate that a systematic and competent audit process can effectively identify errors and irregularities in financial statements, thereby enhancing the quality of information provided to users. Auditor professionalism—encompassing competence, independence, and adherence to ethical standards—plays a crucial role in ensuring the quality of audits. Auditors from KAP Rudiana Febriani demonstrate their effectiveness in evaluating internal controls, conducting physical verification of fixed assets, and ensuring the validity of asset ownership documentation. The audit process is essential for improving accountability and transparency in corporate financial management. This study underscores the importance of continuous auditor training and professional development to maintain proficiency and address challenges in the audit process. Furthermore, the article contributes by offering practical insights into audit practices that promote transparency and advancing academic discussions on the role of professionalism in enhancing the reliability of financial reporting.

Analysis of Accounting and Management Students' Knowledge Regarding Cost Accounting in Jabodetabek

2024-11-21T04:54:51+00:00

The aim of the study is to examine the influence of attitude toward behavior, subjective norms, and behavioral intention on actual behaviour. The research population comprises students enrolled in accounting and management programs at Jabodetabek, with a specific emphasis on cost accounting. The sample had 128 individuals, that includes of accounting and management students from private institutions in Jabodetabek. The data was collected from January to February 2024 over a period of two months, utilizing a questionnaire and employing multiple regression analysis as the approach. The research pertains to a cohort of students enrolled in the accounting and management study program within the Jabodetabek region, who possess a familiarity with technology, particularly in relation to the advancement of cost accounting courses. The study's findings demonstrate that attitudes toward behavior positively influence accounting and management students' understanding of cost accounting in Jabodetabek regarding actual behavior, while subjective norms also positively impact their knowledge of cost accounting in relation to actual behavior. The intention to act has not influenced actual behavior. This research may indicate that cost accounting is a mandatory course for students pursuing accounting and management careers.

The Evolving Role of Sharia Supervisory Boards in a Volatile, Uncertain, Complex, and Ambiguous (VUCA)

2025-01-16T04:18:47+00:00

This paper examines the evolving role of Sharia Supervisory Boards (SSBs) in Islamic finance within a Volatile, Uncertain, Complex, and Ambiguous (VUCA) environment. Employing a systematic literature review (SLR) of 15 peer-reviewed articles published between 2009 and 2024 from reputable databases such as Scopus and SpringerLink, the study identifies key challenges SSBs face, including ensuring Sharia compliance amidst rapid technological advancements and dynamic regulatory landscapes. The findings highlight the importance of adaptability, interdisciplinary expertise, and enhanced collaboration in enabling effective governance. SSBs are urged to transition from traditional compliance-focused roles to adaptive governance frameworks capable of addressing the complexities of contemporary financial systems. The study contributes to the existing literature by offering a comprehensive analysis of SSB adaptability in the VUCA era and providing actionable recommendations for policymakers and financial institutions, such as strengthening SSB autonomy, fostering member proficiency, and encouraging cross-border collaboration to address global uncertainties.

The Role of Firm Attributes in Financial Distress Risk

2025-01-19T15:16:55+00:00

This study explores the role of firm attributes consisting of corporate reputation, firm size, leverage, financial slack, and depreciation on the financial distress risk. The sample includes 1,789 non-financial public companies listed on the Indonesia Stock Exchange (BEI) during the period 2021 to 2023. Multiple regression analysis using STATA application to test the proposed hypotheses. The findings suggest that companies with a good reputation and high liquidity tend to have a lower risk of financial distress. In contrast, companies with larger sizes, higher leverage, and higher depreciation levels are associated with an increased risk of financial distress. This study expands understanding of the factors affecting financial distress risk, focusing on the financial aspects of companies. Furthermore, the findings are expected to provide useful insights for management regarding the importance of firm attributes (such as corporate reputation, firm size, leverage, financial slack, and depreciation) in managing financial distress risk, especially following the economic impact of the COVID-19 pandemic.

Evaluation of Mustahik Welfare Achievement: A Case Study of BAZNAS Mojokerto Regency from the Perspective of Maqashid Sharia

2025-01-16T04:27:21+00:00

This study aims to evaluate the welfare of mustahik through the BAZNAS program in Mojokerto Regency from the perspective of Maqashid Sharia, and to examine the role of BAZNAS Mojokerto Regency in greater depth. The research employs a qualitative approach with a case study method. Observations, interviews, document analysis, annual reports, and literature reviews were conducted to validate the implementation of the BAZNAS program in Mojokerto Regency. The results show that BAZNAS Mojokerto Regency has made significant efforts in distributing zakat funds for the welfare of the community. However, there are several challenges related to the efficiency of fund management and distribution, which affect the optimal achievement of Maqashid Sharia goals. This study provides recommendations for more transparent and efficient zakat management, as well as enhanced coordination among stakeholders to achieve better community welfare outcomes. This research offers a new perspective in evaluating community welfare achievement through the Maqashid Sharia criteria in the BAZNAS Mojokerto Regency program.

Enhancing Higher Education Quality Through Internal Audit Practices

2025-01-16T09:02:56+00:00

To maintain and improve quality and academic services, universities need an internal audit system that covers governance and educational aspects. Internal audit is responsible for monitoring and evaluating the implementation of higher education institutions' work plans. This study examines the role of internal audit in higher education through a literature review of previous studies. The results show that internal audit is important in building and improving the quality of higher education. By ensuring the effectiveness of the organisation's risk management framework, internal audit can help higher education institutions face governance challenges.

Additionally, internal audits support the implementation of the three lines of the defence model, which integrates multiple layers of defence within an organisation to achieve strategic objectives. The role of an internal audit includes not only the oversight of regulatory compliance but also the strengthening of senior management's decision-making processes. Overall, internal audits are a control tool and a strategic partner in improving higher education quality. This conclusion underscores the critical role of a robust internal audit function in ensuring the success of higher education institutions in delivering high-quality academic services.