Bhenu Artha
Entrepreneurship Study Program, Faculty of Economics, Widya Mataram University, Yogyakarta, Indonesia

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The Institutional Ownership and Firm Performance: Evidence from The Capital Bank Bhenu Artha; Bahri Bahri; Niken Permata Sari; Utami Tunjung Sari; Ulfa Rani Manurung
Journal of Business and Management Review Vol. 2 No. 7 (2021): (Issue-July)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr27.1742021

Abstract

Governments have increasingly liberalized their policies in recent years to attract foreign investment, as they have witnessed a favorable impact – both direct and indirect – on target country firms and economic development. The effect of multiple large shareholders on firm performance cannot be considered in isolation, however, as the institutional and developmental conditions vary across countries. The objective of this research is to determine the influence of institutional ownership to firm performance especially in The Capital Bank. This research uses quantitative methods and linear regression analysis. The results of the analysis show that there is no effect of institutional ownership on ROA and ROE at The Capital Bank for the period December 2012 – December 2019. There is no effect of institutional ownership on the performance of The Capital Bank because the percentage of institutional ownership less than 50% so the contribution does not have much effect on the company's strategic decisions.
The Effect of Crude Oil Price on Merchandise Trade: Evidence from East Asia and Pacific Bhenu Artha; Bahri; Cahya Purnama Asri; Ardhi Khairi; Fikri Alamsyah
Journal of Business and Management Review Vol. 2 No. 8 (2021): (Issue-August)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr28.1852021

Abstract

One of the most important production inputs is energy, particularly crude oil. The impacts of oil price fluctuations on global trade flows can be understood by the uncertainty channel, fluctuations in oil prices may create uncertainty about the future path of the oil price, causing consumers to postpone irreversible purchases of consumer durable goods, and also causing firms to postpone irreversible investments, and also recent hikes and fluctuations in oil prices since 1999 have attracted attention and invoked concerns about their devastating effects on a variety of economic activities. The objective of this research is to determine the influence of crude oil price to merchandise trade in East Asia and Pacific. This research uses quantitative methods and linear regression analysis. The results of the analysis show that there is negative and significance effect of crude oil price on merchandise trade in East Asia and Pacific for the period 1987 – 2019.
The Influence of Decision-Making Quality on Perceptions of Foreign Grant Accountability Nisfatul Izzah; Bhenu Artha
Journal of Business and Management Review Vol. 2 No. 9 (2021): (Issue-September)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr29.2232021

Abstract

The Indonesian government and other non-profit organizations have received many foreign grants, one of which is the Global Fund AIDS Tuberculosis and Malaria (GFATM) grant. As the recipient of the Sub Recipient TB Care 'Aisyiyah grant, East Java has an absolute obligation to account for the funds received. One of its obligations is to present accountable financial statements. However, achieving accountability is not easy. There is a long process with strict terms and conditions from donors. These terms and conditions make institutions and financial statement providers sometimes feel bored and accountability more difficult to realize. Factors of human resources, tasks, and the environment are the benchmarks for an accountant of foreign grants to have a strong perception of the importance of accountability. This study aims to determine the perception of accountants in assessing the accountability of financial statements as an expense or an asset. A qualitative method was used with an emphasis on interviews. The findings showed that the accountability of the financial statements of foreign grants was assessed as intangible assets because the recipients could benefit from the grants financially and non-financially. The finance staff benefited from the accounting field as well as general knowledge about tuberculosis and extensive networking in various sectors.