Proceedings of The International Joint Seminar and Visit To Clean Authority of Tokyo (Shin-Koto Incineration Plant) Tokyo Metropolitan Government, 15 – 19 May 2017

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ISBN No: 978-602-60017-3-3

Proceedings of

The International Joint Seminar and

Visit To Clean Authority of Tokyo

(Shin-Koto Incineration Plant)

Tokyo Metropolitan Government

Humanizing Collaboration between Indonesia & Japan

Held by

Faculty of

International Studies

Master of Management Program

Faculty of Economics & Business

UNIVERSITAS PADJADJARAN

15 – 19 May 2017

Tokyo, Japan

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ii

Proceedings of The International Joint Seminar And Visit To

Clean Authority of Tokyo, Tokyo Metropolitan Government

“Humanizing Collaboration between Indonesia & Japan”

Editor

:

Popy Rufaidah, SE., MBA., Ph.D

ISBN

:

978-602-60017-3-3

Layout Editor

:

Joniar Fani Widodo, ST

Technical Editor

:

Intan Siti Amaliyah, S.Si

Publisher

:

Magister Manajemen Fakultas Ekonomi

dan Bisnis Universitas Padjadjaran

Contact:

Jl. Dipati Ukur No. 46 Bandung 40132

Phone: +62-22-2509585

Fax: 022-2509585

Email: informasi@mm.fe.unpad.ac.id

Online version can be accessed at:

http://mm.fe.unpad.ac.id/en/proceedings

All right reserved. No part of this publication may be

reproduced, stored in a retrieval system, or transmitted in any

form or by any means, electronic, mechanical, photocopying,

recording or otherwise, without either the prior written

permission of the publisher.

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Descriptions Page

Table of Contents i

Welcome Speeches 1

Participant List 7

Abstract 16

Full Paper

1. Business Practices Amongst SMEs: The Case of Fashion Creative Industry

Popy Rufaidah and Sutisna

2. The Effects Of Socio-Economic Factors On Housing Price In Indonesia

Fery Agustianto and Muhammad Andriyadi

3. Analysis Of Value-Added Intellectual Capital Influence On Corporate Financial Performance: Study Of Public-Listing Companies On The Indonesia Stock Exchange

Dahlia Mulyasanti

4. Potential Determination Of The Property Tax Through Analysis Assessment Of The Agricultural Land In The District Of Blora

Mokhamad Surianto

5. The Analysis Of Asset Management To The Quality Of Financial Statements Of The Government A Case Study Of Tual, Maluku

Taufik Irawan and Temmy Pratama

119

6. The Influence Of Intangible Asset In The Form Of Intellectual Capital To The Value Of Company

Affandi Subekti and Harry Anugerah Pradana

133

7. The Challenges Of Municipal Asset Management In Developing Country: A Case Study Of Bandung

Marga Gumelar and Nur Alam

151

8. The Influence Of Asset Management To Local Revenue Optimization: Case Study In Bekasi City Government

Muhammad Irvan Widya

165

9. The Implementation Of Bandung And Surabaya E-Government And Their Key Success Factors

Hanif Rahmatullah and Silvia Herera

177

10. Mobile-VCT As A Social Marketing Engine To Reduce High-Risk Sexual Behavior (The Project For HIV/AIDS Prevention For Sex Workers In Cilegon City – Indonesia)

Verza Mulya Sugema and Sarimin

190

11. The Use Of Information In Commitment Module Of The State Treasury And Budget System (Span-Sistem Perbendaharaan Dan Anggaran Negara) To Optimize The Absorption Of The State Budget (APBN)

Jarir Al Amjad and Utomo Wicaksono

203

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iv

Improvement (A Case Study At Finance And Development Supervisory Agency Representative Of West Java)

Dwita Ayu Rahmadanti and Diyan Rasyieqa Khaeruddin

13. The Effect Of Monitoring And Evaluation On The Effectiveness Of Local Asset Management (Empirical Study In The Government Of Malang, East Java, Indonesia)

Ahmad Faozan Suryanto and Rendra Kurnia Wardana

233

14. The Evaluation Of Green Economy Principles In Government Assets Management (Case Study At Central Bureau Of Statistic Central Kalimantan Province)

Rephy Ekawatie and Norhina Kurniawaty

255

15. Implementation Of Risk Based Asset Management To Increase Performance of Local Water Company (PDAM) In Aceh

Monita Mardika Fajar

274

16. The Impact Of Intellectual Capital To Bumd’s Performance (A Study On Local Water Company (PDAM) In Indonesia)

Khulifa Ahdizia

287

17. Board Characteristics, CEO Succession, And Intellectual Capital Performance: Managing A Competitive Advantage

Afifa Zuhria

300

18. Understanding The Problems Of Policy Implementation Concerning Retribution On The Use Of Regional Assets: A Case Study In The District Government Of Central Maluku

Sut Mutiah and Dina Anggraeni

Past Events Photos in 2015: The International Joint Seminar – Takushoku University & MM FEB Unpad, 9 January 2015

331

Itinerary 334

Session Chairs of the International Joint Seminar 335

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2 Welcome Speech

Prof. Dr. dr.med. Tri Hanggoro.

Email: rektor@unpad.ac.id

Rector of Universitas Padjadjaran

Takushoku University is one of our great partner universities

in Japan. We are very honored to be part of the

internationalization process within MM FEB Unpad with

Takushoku University. Looking forward to having great

cooperation in the future.

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Welcome Speech

Prof. Koji Fujimoto

Dean of the International Cooperation Studies,

Takushoku University

Email : kfujimot@ner.takushoku-u.ac.jp

Website:

http://researchmap.jp/read0128066/?lang=english

Seeking new possibilities for international cooperation

through two universities partnership is very exiting. The

partnership with the MM FEB Unpad is enhancing our

international relations. Welcome the delegates of MM FEB

Unpad to Takushoku University.

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4 Welcome Speech

Dr. Nury Effendi, SE., MA

Email: nury.effendi@fe.unpad.ac.id

Dean, Faculty of Economics & Business, Universitas

Padjadjaran

MM FEB Unpad is one of the schools within the Faculty of

Economics and Business, Universitas Padjadjaran. Its mission

is to increase the international coverage amongst students by

holding the Joint seminar held between MM FEB Unpad and

Takushoku University. We confidence that students and

faculty members take various advantages from this

international experience.

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Welcome Speech

Popy Rufaidah, SE., MBA., Ph.D

Email: popy.rufaidah@fe.unpad.ac.id

Head, Master of Management Program, Faculty of Economics

& Business, Universitas Padjadjaran

It’s very honor for MM FEB Unpad to collaborate with

Takushoku University in organizing the International Joint

Seminar. The challenges for graduates from business schools

are increased very rapidly. Students need practical knowledge

and international exposure to align with their capabilities and

competencies. We would like to thank for all support

contributed by Takushoku University.

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6 PERSON IN CHARGED

TAKUSHOKU UNIVERSITY

Prof. Koji Fujimoto

Dean of International Cooperation Studies

Takushoku University

Email : kfujimoto@ner.takushoku-u.ac.jp

Prof. Ayako Sendo

Senior Professor, Faculty of Commerce

Takushoku University

Email:

asendoh@ner.takushoku-u.ac.jp

Prof. Fumio Yoshino

fyoshino@ner.takushoku-u.ac.jp

Senior Professor, International Cooperation Studies

Takushoku University

Professor of Institute of World Studies, Takushoku University

Dr. Kajiwara Hirokazu

Director of Graduate Program of International Cooperation Studies

Takushoku University

Email : hkajiwa@ner.takushoku-u.ac.jp

UNIVERSITAS PADJADJARAN

Popy Rufaidah, Ph.D.

popy.rufaidah@fe.unpad.ac.id

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PARTICIPANT LIST

Master of Management Program

Faculty of Economics and Business

Universitas Padjadjaran

Popy Rufaidah, Ph.D.

HEAD, MASTER OF MANAGEMENT PROGRAM FACULTY OF ECONOMICS AND BUSINESS UNIVERSITAS PADJADJARAN

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LIST OF PARTICIPANTS The International Joint Seminar

Held By Takushoku University & Master of Management Program, Universitas Padjadjaran

And Visit to Clean Authority of Tokyo, Tokyo Metropolitan Government

Tokyo, Japan 15th – 19th of MAY, 2017

No Photo Identity

Name: Fery Agustianto

Student ID: 120820160028

Phone: 085223256333

Email: feryagustianto@yahoo.co.id

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Ternate, Province of North Maluku

Titled of the paper:

The Effects of Socio-Economic Factors On Housing Price In Indonesia

Name: Muhammad Andriyadi

Student ID: 120820160050

Phone: 085342360816

Email: andriyadi_90@yahoo.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Province of Maluku

Titled of the paper:

The Effects Of Socio-Economic Factors On Housing Price In Indonesia

Name: Dahlia Mulyasanti

Student ID: 120820160048

Phone: +6285237873863

Email: dahlia4869@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Jakarta

Titled of the paper:

Analysis of Value-Added Intellectual Capital Influence on Corporate’s Financial

Performance: Study of Public-Listing Companies at Indonesia Stock Exchange

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No Photo Identity

Name: Mokhamad Surianto

Student ID: 120820160020

Phone: 081276706765

Email: suriantomokhamad22@gmail.com

Occupation: Head of Planning and Finance, at Land National Agency, Riau Islands (Kepulauan Riau), Ministry of Agrarian and Spatial Planning

Titled of the paper:

Potential Determination Of The Property Tax Through Analysis Assessment Of The Agricultural Land In The District Of Blora

Name: Taufik Irawan

Student ID: 120820160017

Phone: 081312201330

Email: pakelnatore@gmail.com

Occupation: Controllerat Finance and Development Supervisory Agency, Republic of Indonesia

(BPKP*), City of Pontianak, Province of West Kalimantan

Titled of the paper:

Asset Management Analysis To Fairness Of The Goverment Financial Statement

Name: Temmy Pratama

Student ID: 120820160046

Phone: 081248783436

Email: temmy.surbakti@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Province of Maluku

Titled of the paper:

The Analysis of Asset Management to the Quality of Financial Statements of the Government: A Case Study of Tual, Maluku

Name: Harry Anugerah Pradana

Student ID: 120820160063

Phone: 081217094451

Email: harrypradana.bpkp@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), City of Manado, Province of North Sulawesi

Titled of the paper:

The Influence of Intangible Asset in the Form of Intellectual Capital to the Value of Company

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No Photo Identity

Name: Affandi Subekti

Student ID: 120820160060

Phone: 081299396025

Email: affandi.subekti@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), City of Ambon, Maluku Province

Titled of the paper:

The Influence of Intangible Asset in the Form of Intellectual Capital to the Value of Company

Name: Muhammad Irvan Widya

Student ID: 120820160011

Phone: 085692114518

Email: irvanwazza@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Aceh Province

Titled of the paper:

The influence of Asset Management to local revenue optimization: Case study in Bekasi City Government

Name: Hanif Rahmatullah

Student ID: 120820160061

Phone: 081284378550

Email: hanifrahmatullah@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), City of Gorontalo, Province of Gorontalo, North Sulawesi

Titled of the paper:

The Implementaton of Bandung and Surabaya E-Government and Their Key Success Factors

Name: Silvia Herera

Student ID: 120820160043

Phone: 081298461447

Email: silvia.herera@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Ternate, North Maluku Province

Titled of the paper:

The Implementaton of Bandung and Surabaya E-Government and Their Key Success Factors

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No Photo Identity

Name: Nur Alam Syah

Student ID: 120820160064

Phone: 08113578843

Email: alam_dana@yahoo.co.id

Occupation: Staff at the Office of Finance and Regional Asset Management Revenue of City Government of Palopo, West Sulawesi

Titled of the paper:

The Challenges of Municipal Asset Management in Developing Country: A Case Study of Bandung

Name: Sarimin

Student ID: 120820160034

Phone: 08561445286

Email: sarimin.cakep@gmail.com

Occupation: Analyst of Account Consolidationat Directorate General of Taxation, Ministry of Finance, Jakarta

Titled of the paper:

Mobile-VCT as a Social Marketing Engine to Reduce High-Risk Sexual Behavior

(The Project for HIV/AIDS Prevention for Sex Workers in Cilegon City – Indonesia)

Name: Verza Mulya Sugema

Student ID: 120820160035

Phone: 081220091979

Email: verzamulya@gmail.com

Occupation: Staff at Public Health Office, Cilegon City Government, Banten Province

Titled of the paper:

Mobile-VCT as a Social Marketing Engine to Reduce High-Risk Sexual Behavior

(The Project for HIV/AIDS Prevention for Sex Workers in Cilegon City – Indonesia)

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No Photo Identity

Name: Jarir Al Amjad

Student ID: 120820160052

Phone: 085217146670

Email: jariralamjad@gmail.com

Occupation: Staff at Directorate Accounting and Financial Reporting Directorate General of Treasury, Ministry of Finance of Republic Indonesia, Jakarta Office

Titled of the paper:

The Use of Information in Commitment Module of the State Treasury and Budget System (SPAN-Sistem Perbendaharaan dan Anggaran Negara) to Optimize the Absorption of the State Budget (APBN)

Name: Utomo Wicaksono

Student ID: 120820160062

Phone: 081317901396

Email: utomo.upkp@gmail.com

Occupation: Staff at State Treasury Office, Jakarta III, Regional Office of Directorate General of State Treasury, Ministry of Finance, Republic of Indonesia, Jakarta Province

Titled of the paper:

The Use of Information in Commitment Module of the State Treasury and Budget System (SPAN-Sistem Perbendaharaan dan Anggaran Negara) to Optimize the Absorption of the State Budget (APBN)

Name: Dwita Ayu Rahmadanti

Student ID: 120820160022

Phone: 082221512424

Email: a.dwita@yahoo.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Province of Bali

Titled of the paper:

Managing Knowledge Assets For Organizational Performance Improvement

(A Case Study At Finance And Development Supervisory Agency Representative Of West Java))

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No Photo Identity

Name: Diyan Rasyieqa Khaeruddin

Student ID: 120820160025

Phone: 085878608986

Email: diyanrasyieqa@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Province of Bali

Titled of the paper:

Managing Knowledge Assets For Organizational Performance Improvement

(A Case Study At Finance And Development Supervisory Agency Representative Of West Java)

Name: Ahmad Faozan Suryanto

Student ID: 120820160056

Phone: 085227463700

Email: ahmadfaozans@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Manokwari City, Papua Province

Titled of the paper:

The Effect of Monitoring And Evaluation On The Effectiveness Of Local Asset Management

(Empirical Study in The Government of Malang, East Java, Indonesia)

Name: Rendra Kurnia Wardana

Student ID: 120820160030

Phone: 081235401632

Email: valerindra230989@gmail.com

Occupation: Staff at Malang City Government, East Java Province

Titled of the paper:

The Influence Of Monitoring And Evaluation On The Effectiveness Of The Local Asset Management

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No Photo Identity

Name: Norhina Kurniawati

Student ID: 120820160041

Phone: 082117205678

Email: norhina@gmail.com

Occupation: Staff at Secretariat of Election Commission for West Java Province, City of Bandung

Titled of the paper:

The Evaluation Of Green Economy Principles

In Government Assets Management (Case study at Central Bureau of Statistic Central Kalimantan Province)

Name: Rephy Ekawatie

Student ID: 120820160027

Phone: 085248026622

Email: rephy_ekawatie@yahoo.co.id

Occupation: Staff at Central Bureau of Statistic of Kapuas District at Central Kalimantan Province

Titled of the paper:

The Evaluation Of Green Economy Principles

In Government Assets Management (Case study at Central Bureau of Statistic Central Kalimantan Province)

Name: Monita Mardika Fajar

Student ID: 120820160037

Phone: 082174314088

Email: mardikafajarmonita@yahoo.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Aceh Province

Titled of the paper:

Implementation Of Risk Based Asset Management To Increase Performance Of Local Water Company in Aceh Region, Indonesia

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_Photo

Identity

Name: Khulifa Ahdizia

Student ID: 120820160032

Phone: 081316302693

Email: kahdizia@gmail.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), Aceh Province

Titled of the paper:

The Impact of Intellectual Capital to BUMD’s Performance

(A Study on Local Water Company (PDAM) in Indonesia)

Name: Afifa Zuhria

Student ID: 120820160019

Phone: 085330073929

Email: zuhria_afifa@yahoo.com

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), City of Palembang, South Sumatera Province

Titled of the paper:

Board Characteristics, CEO Succession, and Intellectual Capital Performance: Managing Competitive Environment

Name: Dina Anggraeni

Student ID: 120820160031

Phone: 08111985943

Email: dina_august08@yahoo.co.id

Occupation: Internal Auditor at Finance and

Development Supervisory Agency, Republic of Indonesia (BPKP*), City of Bengkulu, Province of Bengkulu

Titled of the paper:

Understanding The Problems Of Policy Implementation Concerning Retribution On The Use Of Regional Assets: A Case Study In The District Government Of Central Maluku

Note: *) BPKP* stands for Badan Pengawasan Keuangan dan

Pembangunan or in English as the Finance and Development Supervisory Agency, Republic of Indonesia. Similar to the Board of Audit of Japan

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BUSINESS PRACTICES AMONGST SMES: THE CASE OF FASHION

CREATIVE INDUSTRY

Popy Rufaidah (popy.rufaidah@fe.unpad.ac.id)1_{, Sutisna (sutisna_mmunpad@yahoo.com)}2

1,2

Lecturers at the Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran popy.rufaidah@fe.unpad.ac.id, sutisna_mmunpad@yahoo.com

ABSTRACT Purpose

The purpose of this paper is to discuss the study about the practices of business amongst the SMEs of fashion creative industry in West Java, regarding the SMEs perceptions related to the main business functions executed by the SMEs .

Design/ methodology/ approach

The research used descriptive research method. Descriptive study aims to present information in structured, factual, and accurate information on objects studied. The samples of the respondents were the SMEs in the fashion creative industry in West Java.

Expected Finding

The expected results of this study is that the SMEs in various sectors and specific sector could enhance their business practices by replicating best practices that had been applied by the business owners of the fashion creative industry in West Java.

Managerial/Practical implication

The results of the study would have managerial implication to business owners of the SMEs in fashion creative industry, particularly in enhancing the indicator of the best practices in the business management. Practical implication are for business owners, i.e., the following issues, could solve such following issues: firstly, the issues in relation to the labor or workforce, how many labor is used in this business, is the current local workforce sufficient in your production activities, where are the sources of labor used in your business, and how much wages are given today. Secondly, the issues in relation to marketing and productions, i.e., are in your area enough raw materials available the business to grow, what are the constraints you face to get raw materials, what is the price of raw materials for 1 times the production process, how to condition raw

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material prices, what is the current selling price of the product, how the production process is done in this business, is the current production site adequate, obstacles location of the current activity, and excellence location of current activity.

Originality/Value

This paper is the only study that is done in the SMEs of fashion creative industry in West Java in investigating the practical issues faced by SMEs.

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THE EFFECTS OF SOCIO-ECONOMIC FACTORS ON HOUSING PRICE IN INDONESIA

Fery Agustianto (feryagustianto@yahoo.co.id)1,3, 1

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), Ternate, Province of North

Maluku

Muhammad Andriyadi (andriyadi_90@yahoo.com)2,3

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), Province of Maluku

Students of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

ABSTRACT Purpose

This research aims to see the effects of socio-economic factors to the housing prices in some areas of major cities in Indonesia.

Design/ methodology/ approach

This research uses econometric analysis approach with panel data that combines time series data and cross section by copying and modifying the model of existing research, for the time series data, the researchers will observe the data in the last 5 years which consider to represents the change of housing prices in seven big cities in Indonesia (Jakarta, Surabaya, Medan, Bandung, Makassar, Balikpapan, Palembang), with the dependent variable house price index and the independent variables Socio-economic factors.

Expected Finding

This research is expected to find extent of socio-economic factors can affect the change in housing prices in seven major cities in Indonesia. This research is also expected to assess the city which has the biggest price changes in the last 5 years.

Practical implication

The results of this research can be used as information for the actors in housing market both consumers as the buyers and developers as the manufacturers, and can be used as a reference for determining investment

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in housing. It also can be used as literature in determining government policy on the provision of houses for the public sector.

Originality/Value

This research investigates socio-economic impact on the changes in housing prices in Indonesia. There have been several studies on the housing prices in Indonesia but the research about impact of socioeconomic on housing prices in Indonesia is very rare.

Keywords: Housing Price, Socio-economic, Panel Data Analysis, Time series

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ANALYSIS OF VALUE-ADDED INTELLECTUAL CAPITAL INFLUENCE ON CORPORATE FINANCIAL PERFORMANCE: STUDY OF PUBLIC-LISTING

COMPANIES ON THE INDONESIA STOCK EXCHANGE

Dahlia Mulyasanti (dahlia4869@gmail.com)1,2

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), Jakarta

Student of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

ABSTRACT Purpose

The purpose of this research is to analyze the influence of value-added intellectual capital on corporate financial performance. This study also attempts to identify the components of intellectual capital that may have partial influence on corporate financial performance. The study will see evidence from the companies on the Indonesia Stock Exchange

Design/Methodology/Approach

This research is designed as a quantitative research. The measurement of intellectual capital will use the VAIC (Value-Added Intellectual Capital) method, as proposed by Pulic (2000). Corporate financial performance is measured by three financial ratios. They are market value, return on assets (ROA), and return on equity (ROE). Multiple linear regression model will be constructed to examine the relationships between intellectual capital and the selected financial performance measurements mentioned above. The scope of this research include the analysis of partial influence of intellectual capital components separately on corporate financial performance and the analysis of influence of intellectual capital itself as a whole on corporate financial performance. This research uses data from all companies listed on the Indonesia Stock Exchange from 2010 to 2015, not including banking sector, mining sector, and state-owned companies. The companies selected as sample are the ones that present the components of intellectual capital on their annual reports.

Expected Findings

The hypothesis developed in this research is that intellectual capital has significant influence to improve corporate financial performance. Therefore, the expected result of this research is that intellectual capital is

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an inseparable part of the company that play an important role to encourage improvement in corporate financial performance.

Practical Implications

This research will expose extensive analysis coverage about the contribution of intellectual capital components to encourage improvement in corporate financial performance. This analysis is expected to help investors in their investment decision making. On the other hand, from companies perspective, this research will serve as a wake up call to encourage them about the importance of intellectual capital existence.

Originality/Value

This research not only contributes to the knowledge of intellectual capital research, but also adds value to the existing literature of intellectual capital components in relation to corporate financial performance. This research is spesifically done in Indonesia. Therefore, it clearly gives a brief description about intellectual capital progress based on Indonesian corporate point of view. Although the research on intellectual capital performance has been done in many years, this research gives the newest and updated research result from the last five year data.

Keywords: Value-Added Intellectual Capital, Corporate Performance,

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POTENTIAL DETERMINATION OF THE PROPERTY TAX THROUGH ANALYSIS ASSESSMENT OF THE AGRICULTURAL LAND IN THE DISTRICT OF BLORA

Mokhamad Surianto (suriantomokhamad22@gmail.com)1,2

Head of Planning And Finance, at Land National Agency, Riau Islands (Kepulauan Riau), Ministry of Agrarian and Spatial Planning

Student of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

Abstract Purpose

The aim of this study was to determine the factors that affect the agricultural land value in the District of Blora and potential of the property tax that still be able to be collected.

Design / Methodology / Approach

This research method is quantitative method by analysis method that used to determine how much the independent variables (factors that affect the value of agricultural land) affect the dependent variable (the value of agricultural land) is a method of multiple regression analysis. This study examined six (6) variables, namely Accessibility (X1), Productivity Land (X2), The Kind of The Land (X3), the Topography of The Land (X4), the distance of the land from the settlement (X5) and the Availability of Irrigation (X6) as the independent variables on Agricultural Land Values (Y) as the dependent variable. As for determining how much revenue of potential of property tax (PBB) that still be accepted by the Assessment Ratio analysis method, namely by analyzing the ratio between the agricultural land value with a Tax Object Sale Value (NJOP) as determined by the Department of Regional Income.

Expected Findings

Hypothesis testing is to be conducted in this study is to explain the relationship between the independent variables which covers Accessibility (X1), Productivity Land (X2), The Kind of The Land (X3), The Topography of The Land (X4), The distance of the land from the settlement (X5) and The Availability of Irrigation (X6) with the dependent variable, namely the agricultural land Values (Y) and to determine how much revenue of potential of property tax (PBB) that still be accepted by analyzing the ratio

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between the value of agricultural land with a Tax Object Sale Value (NJOP) set by the local Department of Regional Revenue.

Practical Implications

The practical implication of this study is to provide information and feedback on the performance of land assessment in the establishment of NJOP. This study can be used as an evaluation of the determination of the NJOP as well as consideration for the improvement of the determination of the NJOP especially agricultural land di District of Blora for Blora Regency Government.

Originality / Value

This study will present how many factors that affect the agricultural land value through multiple regression analysis. Through multiple regressions analysis will be obtained mathematical formula to be used to calculate the value of agricultural land. Furthermore, by comparing the agricultural land value with a Tax Object Sale Value (NJOP) will be acquired potential revenues of Property Tax (PBB) that still be able to be accepted.

Keywords: NJOP, PBB, Agricultural Land Value, Multiple Regressions,

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THE ANALYSIS OF ASSET MANAGEMENT TO THE QUALITY OF FINANCIAL STATEMENTS OF THE GOVERNMENT A CASE STUDY OF TUAL, MALUKU

Taufik Irawan (pakelnatore@gmail.com)1,3

Controller at the Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), City of Pontianak, Province of

West Kalimantan

Temmy Pratama (temmy.surbakti@gmail.com)2,3

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), Province of Maluku

Students of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

Abstract Purpose

This study aims to analyze how asset management is implicated on the quality of financial statements of the government, especially to provide an understanding of how asset legal audit assessment, asset inventory, asset valuation, asset optimization, asset monitoring and control can improve the quality of financial statements of the local government.

Design/ methodology/ approach

This research will use descriptive and analytic methods, which involve four data collection techniques – interview, document analysis, questionnaire and observation. To collect the data, the authors undertook a case study in the municipal government of Tual, Maluku in Indonesia. Data were acquired from official and publicly available documents and interviews with key figures who involved in administrating and organizing assets and also those who prepared financial statements.

Expected Finding

This study will provide information about a number of problems in implementing asset management in the municipal government and provide the critical success factors for asset management related to asset legal audit assessment, asset inventory, asset valuation, asset monitoring and control which implicate on the quality of financial statements. It will help the local government to improve asset management system and the quality of financial statements.

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Practical Implication

The results of this study will have managerial implication for the local government in managing the quality of asset management that affect the quality of the financial statements. This study will also provide practical implication such as improving legal audit assessment, asset inventory, asset valuation, asset optimization, asset monitoring and control.

Originality/Value

The study that analyzes the influence of asset management on the quality of financial statements of the government in Indonesia is very rare and this study is the only study that will be conducted in the municipal government of Tual, Maluku.

Keyword: Asset management, local government financial statement, legal

audit assessment, asset inventory, asset valuation, asset monitoring and control, municipal government of Tual.

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THE INFLUENCE OF INTANGIBLE ASSET IN THE FORM OF INTELLECTUAL CAPITAL TO THE VALUE OF COMPANY

Affandi Subekti (affandi.subekti@gmail.com)1,3

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), City of Ambon, Maluku

Province

Harry Anugerah Pradana (harrypradana.bpkp@gmail.com)2,

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), City of Manado, Province of

North Sulawesi 3

Students of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

Abstract Purpose

This study analyzes the influence of Intangible Asset in the form of Intellectual Capital to company value through the financial performance as an intervening variable. Intellectual Capital as the independent variables was measured using the Value Added Intellectual Capital (VAIC). The object of this study is the banking companies listed in Indonesia Stock Exchange

(Bursa Efef Indonesia / BEI).

Design/Methodology/Approach

This research is a quantitative descriptive research, which aims to test and attest the influence of intellectual capital on corporate value with the financial performance as an intervening variable. This study will use secondary data obtained from banking companies listed in Indonesia Stock Exchange in 2013-2015. This study will examine three variables, namely the intellectual capital as an independent variable (independent), the financial performance as an intervening variable, and the value of the company as dependent variable (dependent).

Expected Finding

The hypothesis testing to be conducted in this study is to see whether there is the influence of independent variables (Intellectual Capital) on the dependent variable (Company Value) directly and indirectly through the mediating variables/intervening (Financial Performance). So the results of

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this study are expected to explain the relationship between the independent variables (Intellectual Capital) on the dependent variable (Company Value) and the extent to which the Intellectual Capital can affect the value of the company.

Practical Implication

The implications of this study are expected to provide information to the company management in evaluating financial performance and the performance of its intellectual capital that will maximize the value of the company and for users of financial statements, especially investors, this research can be used as a reference in the decision making.

Originality/Value

This study will be conducted at the banking company whose name has been listed on the Indonesia Stock Exchange in 2013-2015, to see how the influence of intangible assets such as Intellectual Capital on corporate value.

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THE CHALLENGES OF MUNICIPAL ASSET MANAGEMENT IN DEVELOPING COUNTRY: A CASE STUDY OF BANDUNG

Marga Gumelar (marga16001@mail.unpad.ac.id)1,3,

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), City of Palangkaraya, Province

of Central Kalimantan

Nur Alam (alam_dana@yahoo.co.id)2,3

Staff at the Office of Finance and Regional Asset Management Revenue of City Government of Palopo, West Sulawesi

Students of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

Abstract

Purpose:

The research is aimed to identify the problems on public asset management of municipality by evaluating the local government asset management system. The asset management include several aspects namely asset inventory, asset protection and asset utilization.

Design/methodology/approach:

A case study in the city government of Bandung – West Java, Indonesia – is used as an approach to achieve the research objective. The study involved three data collection techniques: document analysis, questionnaire and interview. It applies likert scale analysis tool to measure attitude, opinion and perception of government officers about municipal asset management.

Expected findings:

The findings will provide information about the problems appear in the implementation of the municipal asset management that include asset inventory, asset protection and asset utilization. It will help local government to improve the asset management system so that the municipal assets can be organized and well managed and it would be able to contribute to the economy.

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Practical implication:

The research will define the problems in the asset management system within the local government and it will answer each of these challenges with practical suggestions. The result is expected to provide a guidance for local authority to cut out the circles of asset management issues which have become a classical problem for years.

Originality/value:

The paper will offer information for further research on considering the environment and activities of local government asset management system.

Keywords: asset management system, public asset management,

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THE INFLUENCE OF ASSET MANAGEMENT TO LOCAL REVENUE OPTIMIZATION: CASE STUDY IN BEKASI CITY GOVERNMENT

Muhammad Irvan Widya (irvanwazza@gmail.com)1,2

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), Aceh Province

Student of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

Abstract

Purpose:

This study aims to analyze the influence of asset inventory, asset legal audit, asset valuation, and asset monitoring and control to Bekasi City Government’s local revenue optimization.

Design / methodology / approach:

This research is a correlational study with its aims to present the influences of asset inventory, asset legal audit, asset valuation, and asset monitoring and control to Bekasi City Government’s local revenue optimization. The sample research is taken by purposive sampling method. Research population includes the people who directly charged and involved in Bekasi City Government asset management and local revenue services.

Expected findings:

The hypothesis developed in this study include: asset inventory positively influences local revenue optimization, asset legal audit positively influences local revenue optimization, asset valuation positively influences local revenue optimization, and asset monitoring and control positively influences local revenue optimization.

Practical implication:

The result is expected to be useful as a reference for Bekasi City Government in making decision on asset management, and as a literature on asset inventory, asset valuation and legality for realizing good asset management in local government.

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Research on the influence of asset management to Bekasi City’s Government Local revenue Optimization has never done before, so this study acts to explain the problems on the asset management or local revenue optimization.

Keywords: Asset management, asset inventory, asset legal audit, asset

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THE IMPLEMENTATON OF BANDUNG AND SURABAYA E-GOVERNMENT AND THEIR KEY SUCCESS FACTORS

Hanif Rahmatullah (hanifrahmatullah@gmail.com)1,2,

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), City of Gorontalo

Silvia Herera (silvia.herera)1,2 1

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), Ternate, North Maluku

Province 2

Students of Master of Management Program, Faculty Of Economics and Business, Universitas Padjadjaran

Abstract Purpose

This study aims to evaluate the e-government’s implementation in both cities based on indicators that have been set by Liu (2010) using variable contents, functions and construction indexes and determines five keys success factors developed by khalil et al (2001). The First section will describe the background problems, followed by a discussion of the government in Indonesia, refers to Bandung and Surabaya at the second section. The Third section explains the local government itself and the model of e-government implementation at the fourth section. Research questions will be at the fifth section and the remaining section will discuss findings and conclusion of the study.

Design/ methodology/ approach

The comparison of two cities will be based on framework of e government evaluation using web content analysis method. Meanwhile, the determination of their keys success factors will use the five elements by Khalil et al (2002).

Expected Finding

This study are expected to create deeper understanding of the e government implementation level both in Bandung and Surabaya and how (the way ) they achive that success.

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Practical Implication

The findings of this study not only can be used to develop the existing e-government system both in Bandung and Surabaya but also can be used for consideration of the other municipal/ city government to adopt and implement the best practice.

Originality/ Value

This study refers to the key success factor of e-government implementation on both local governments which can be a benchmark to other local governments in Indonesia while the previous research discusses the implementation of e-government on the city in certain countries..

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MOBILE-VCT AS A SOCIAL MARKETING ENGINE TO REDUCE HIGH-RISK SEXUAL BEHAVIOR (THE PROJECT FOR HIV/AIDS PREVENTION FOR SEX

WORKERS IN CILEGON CITY – INDONESIA)

Verza Mulya Sugema (verzamulya@gmail.com)1,3,

Staff at Public Health Office, Cilegon City Government, Banten Province

Sarimin (sarimin.cakep@gmail.com)2,3

Analyst of Account Consolidation at Directorate General of Taxation, Ministry of Finance, Republic of Indonesia, Jakarta

Students of Master of Management Program, Faculty Of Economics and Business, Universitas Padjadjaran

Abstract Purpose

This study aims to determine the role of Mobile-VCT (Voluntary Counselling and Testing) as a social marketing tool in minimizing the high risk of contracting HIV/AIDS from sexual behavior for the population of Cilegon City. The exchange of information in the counseling process provides an alternative perception in determining the attitude of people, while social marketing in health known as health promotion has contributed greatly to influence people to live a healthy lifestyle. Mobile-VCT as an integrated interactive service aims to offer multiple benefits for its clients.

Design/Methodology/Approach

This study uses a quantitative method by using primary and secondary data sourced from information and questionnaires distributed to the population at risk of contracting HIV/AIDS through sexual behavior, in this case the population are participants/clients in the Mobile-VCT held in Cilegon City. In the questionnaires distributed, there are questions associated with the Mobile-VCT and its influence on changes in sexual behavior of the population at risk for clients classified as WPSTL (Indirect Female Sex Workers). Measurements are performed using statistical analysis to determine the influence of Mobile-VCT service in reducing high-risk sexual behavior.

Expected Finding

The hypothesis developed in this study is that Mobile-VCT service as a tool of social marketing has an important role in changing high-risk sexual

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behavior in the population that are at high risk of contracting HIV/AIDS. This study involved WPSTL as samples with the hope of improving the quality of healthcare for them in particular and the public in general.

Practical Implication

This study will determine to what extent the Mobile-VCT as a social marketing tool influences the changing of risk sexual behavior in high-risk populations in relation to reducing the number of cases of HIV/AIDS in Cilegon City. The aspect of information is important in behavior change project. Information is obtained from the counseling process in both directions between the counselors and the clients as well as the status of HIV screening test results obtained by the clients.

Originality/Value

This study provides valuable information, in particular for the populations that are directly at risk, where the use of VCT service can be utilized by the public from all walks of life, intended in general and not limited to any risk populations. The population at risk is a key population, and certainly the right parties in extracting information in the implementation of this study, which is of course the results of this study contribute positively to the development of health in Cilegon City.

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THE USE OF INFORMATION IN COMMITMENT MODULE OF THE STATE

TREASURY AND BUDGET SYSTEM (SPAN-SISTEM PERBENDAHARAAN DAN

ANGGARAN NEGARA) TO OPTIMIZE THE ABSORPTION OF THE STATE

BUDGET (APBN)

Jarir Al Amjad (jariralamjad@gmail.com)1,3_, 1

Staff on Directorate Accounting and Financial Reporting at Directorate General of Treasury, Ministry of Finance, Republic Indonesia, Jakarta Office

Utomo Wicaksono (utomo.upkp@gmail.com)2,3

Staff at State Treasury Office, Jakarta III, Regional Office of Directorate General of State Treasury, Ministry of Finance, Republic of Indonesia, Jakarta Province

Students of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

Abstract Purpose

The purpose of this study is to examine the effectiveness, accountability, and timeliness of process of state expenditure through the use of information in commitment management of the State Treasury and Budget System (SPAN).

Design / methodology / approach

Commitment management as a tool intended to improve effectiveness and timeliness will be investigated. This paper will compare information which is found in the commitment management and the implementation of budget absorption in Indonesia, through State Treasury and Budget System (SPAN).

Expected Findings

The main expected finding is commitment management has a positive impact on effectiveness, accountability, and timeliness of the process of public expenditure. Some evidence will provide that there is consistency between the engagement process in commitment module and the realization of the State expenditure in payment module.

Practical Implications

Managers will take notice to information in commitment management as a benchmark of consistency and optimization the process of State

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expenditure to achieve the effectiveness, accountability, and timeliness of public expenditure implementation.

Originality / Value

The information in this paper would broaden that the usefull timely information will improve the performance of public finance management.

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MANAGING KNOWLEDGE ASSETS FOR ORGANIZATIONAL PERFORMANCE IMPROVEMENT (A CASE STUDY AT FINANCE AND DEVELOPMENT

SUPERVISORY AGENCY REPRESENTATIVE OF WEST JAVA)

Dwita Ayu Rahmadanti (a.dwita@yahoo.com)1,3,

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), Province of Bali

Diyan Rasyieqa Khaeruddin (diyanrasyieqa@gmail.com)2,3

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), Aceh Province

Students of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

ABSTRACT Purpose:

This research aims to identify the knowledge asset management owned by Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan) (BPKP) and analyze the role of knowledge asset in the process of employee performance improvement that encourages organizational performance improvement at BPKP.

Design/methodology/approach:

This research uses descriptive method and quantitative data analysis. The data used in this research consist of primary data and secondary data. Primary data are obtained from the result of questionnaires. Secondary data are obtained through literature study, such as books, journals, and other supporting data. The sampling technique used in this research is judgement sampling method and data analysis technique uses Structural Equation Model (SEM) and Partial Least Square (PLS) as an alternative development.

Expected findings:

The result is expected to provide an overview of distribution of knowledge assets, including what is the most knowledge asset, and what knowledge assets that still needs to be improved as well as how the condition of knowledge creation process. In addition, this research is also expected to provide information about the effect of knowledge assets management on

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organizational performance improvement and see the variable that has the greatest contribution in organizational performance improvement at BPKP.

Practical implication:

The result of this research is expected to become a means to understand how a knowledge asset management affects organizational performance at BPKP and can provide information to management as the basis for evaluating performance. Such information can be used as an important contribution for the organization to improve the competence of employees, maintain the availability of knowledge, innovation and product development in ensuring the success and the existence in the future.

Originality/value:

This research particularly aims to explore knowledge assets management on the employees of BPKP with the position of functional auditor and their role in organizational performance improvement at BPKP in implementing their supervisory function.

Keywords: intangible assets, knowledge, knowledge asset, knowledge management, organizational performance

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THE EFFECT OF MONITORING AND EVALUATION ON THE EFFECTIVENESS OF LOCAL ASSET MANAGEMENT (EMPIRICAL STUDY IN THE

GOVERNMENT OF MALANG, EAST JAVA, INDONESIA)

Ahmad Faozan Suryanto (ahmadfaozans@gmail.com)1,3,

Internal auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia, Manokwari City, Papua Province

Rendra Kurnia Wardana (valerindra230989@gmail.com)2,3

Staff at Malang City Government, East Java Province 3

Students of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

Abstract Purpose

This study discusses the proposal of research to study the influence of monitoring and evaluation conducted by internal management or external parties on the effectiveness of local asset management particularly in the Government of Malang.

Design/Methodology/Approach

The methods used in this research are descriptive and verification methods. Descriptive study is conducted to know and be able to explain how the monitoring and evaluation variable can affect the effectiveness of local asset management practice in the Government of Malang. The method of verification analysis is used to examine the relationship between independent variables, namely monitoring (x1) and evaluation (x2), and dependent variable, that is the effectiveness of local asset management.

Expected Finding

Hypothesis testing that is developed in the research is that the better the improvement and adherence to monitoring and evaluation, the more effective the local asset management implementation. So, the results of this research are expected to define the significant positive effect of monitoring and evaluation on the effectiveness of local asset management.

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Practical Implication

The practical implication of this research is expected to provide information about the importance of monitoring and evaluation activities in order to achieve effectiveness in local asset management. It is emphasized that monitoring and evaluation play an important role in the effectiveness of local asset management.

Originality/Value

The research on local asset management, especially in the Government of Malang are still very rare. This paper will examine about how monitoring and evaluation activities can affect the effectiveness of local asset management in 45 departments in the Government of Malang. This paper is expected to contribute to the local government on the importance of monitoring and evaluation activities in order to achieve effectiveness in asset management.

KEYWORDS: effect of monitoring and evaluation, local asset management effectivenes

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THE EVALUATION OF GREEN ECONOMY PRINCIPLES IN GOVERNMENT ASSETS MANAGEMENT (CASE STUDY AT CENTRAL BUREAU OF STATISTIC

CENTRAL KALIMANTAN PROVINCE)

Rephy Ekawatie (rephy_ekawatie@yahoo.co.id)1,3

Staff administration at Central Bureau of Statistic, Kapuas District, Central Kalimantan Province

Norhina Kurniawaty (norhina@gmail.com)2,3

Staff at Secretariat of Election Commission for West Java Province, City of Bandung 3

Students of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

ABSTRACT Purpose

The aim of this research is to evaluate the principles of green economy in the management of government assets related to adaptive reuse of idle assets to optimize idle assets (buildings and constructions).

Design / methodology / approach

Green economy becomes perspective in which to view the problem of idle assets (building and construction) in the Central Bureau of Statistics Central Kalimantan province. The method used in this study is a combination of quantitative and qualitative methods (mix methods). Model of concurrent method with concurrent triangulation strategy became the model of mix methods used in this study. Quantitative method was used to know the statistical relationship between the adaptive reuse of idle assets (building and construction) with optimazation government asset management. Qualitative method was used to describe the relationship shown by the test results of Spearman Rank Order Correlation nonparametric statistics on quantitative method.

Expected finding

The expected outcome of this study is the relationship between the adaptive reuse of idle assets (building and construction) with the Government asset management optimization as the compliance with the principles of green economy in the management of government assets.

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Practical implication

This study helps to find solutions and formulate policies based on the principles of green economy related to the management of idle assets (building and construction) in the Central Bureau of Statistics Central Kalimantan province.

Originality/ value

This study aims to look at the relationship of the principles of green economy in the management of government assets associated with adaptive reuse of idle assets (building and construction) for optimizing the management of government assets in the Central Bureau of Statistics Central Kalimantan province.

Limitation of study

This study evaluated the principles of green economy in the management of government assets in the Central Bureau of Statistics Central Kalimantan province confined to the adaptive reuse of idle assets (building and construction).

Keyword: green economic principles, adaptive reuse of idle assets (building

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IMPLEMENTATION OF RISK BASED ASSET MANAGEMENT TO INCREASE PERFORMANCE OF LOCAL WATER COMPANY (PDAM) IN ACEH

Abstract

Monita Mardika Fajar (mardikafajarmonita@yahoo.com)

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia (BPKP*), Aceh Province

Student of Master of Management Program, Faculty of Economics And Business, Universitas Padjadjaran Purpose

The purpose of this research is to study implementation of risk based asset management to increase performance of local water company in Aceh Province, Indonesia, well-known as Perusahaan Daerah Air Minum (PDAM), regarding perceptions related to risk based asset management with the intention to increase its performance.

Design/ methodology/ approach

The research will use descriptive qualitative analytic method. The descriptive study aims to present information in a structured, factual, and accurate information on the risk based asset management which increase performance of a local water company in Aceh. The population of this study is the local water company in Aceh and surrounding areas who have relation with the company. The population of this study are the PDAM in Aceh that have been conducted operational audits by the Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), well known as Badan Pengawasan Keuangan dan Pembangunan (BPKP). The study involved four data collection techniques – observation, document analysis, questionnaire and interview.

Expected Finding

The finding developed in this study is the asset inventory, asset priority, asset management plan, and action with risk bases. So, the expected results of this study is the asset management plan that calculating risk in the planning and in the implementation. It will help local water company (PDAM) to improve its asset management system so that the company assets can be organized and well-managed, while also can contribute to the company’s performance.

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Practical Implication

This study will find the concept of risk based asset management that can be applied in a local water company in Aceh to increase its performance. The performance indicator of a local water company based on Development Support Agency Water Supply System, well-known as Badan Pendukung Pengembangan Sistem Penyediaan Air Minum (BPPSPAM), consists of financial, service, operational, and human resource aspects. Some indicators in each aspect related to the asset management.

Originality/ Value

The research was conducted on a local water company in Aceh, Indonesia, which studied the concept of risk based asset management with the intention to increase its performance based on BPPSPAM indicators. Only few researchers have done this type of study. It will also provide a basis for further research that focuses on analyzing the context and processes of risk based asset management

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THE IMPACT OF INTELLECTUAL CAPITAL TO BUMD’S PERFORMANCE (A STUDY ON LOCAL WATER COMPANY (PDAM) IN INDONESIA)

Khulifa Ahdizia (kahdizia@gmail.com)

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia, Aceh Province

Student of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

Abstract

Purpose:

The aims of this research are to analyze and to obtain the empirical evidence about the impact of intellectual capital to BUMD’s performance. This research focuses on the Local Water Company (PDAM) in Indonesia.

Design/methodology/approach:

This research will use a quantitative method by utilizing the secondary data. The Development of Support Agency of Water Supply System (BPPSPAM) will provide the secondary data, which was collected from PDAM’s performance evaluation report in the year of 2015. This study applies a structural path model to financial data in analyzing the relationship between four components of Intellectual Capital (IC), which are innovation capital, process capital, human capital, and customer capital, as well as the causal effects of intellectual capital on firm’s financial performance.

Expected findings:

The hypothesis in this study develops a significant relationship between intellectual capital and firm’s financial performance, so the expected result of this study is the intellectual capital affected to firm’s financial performance.

Practical implication:

The results of this study are expected to be used as a source of information and a useful input for the firm. It is also expected to contribute thoughts on the importance of intellectual capital component to improve the performance of the firm, so that it can contribute to increase local income area.

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Originality / value:

This paper studies on PDAM in Indonesia. It analyzes and obtains the empirical evidence about the impact of intellectual capital to PDAM’s financial performance.

Keywords: Intellectual capital, firm’s performance, local government

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Board Characteristics, CEO Succession, and Intellectual Capital Performance: Managing a Competitive Advantage

Afifa Zuhria (zuhria_afifa@yahoo.com)

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia, South Sumatera Province

Student of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

ABSTRACT Purpose

The aim of this paper is to analyze the effect of board characteristic and Chief Executive Officer (CEO) succession in developing intellectual capital performance in Public Listed Indonesia State Owned Enterprises from 2006 to 2015. This study is a modification of several studies.

Design/ methodology/ approach

This study hypothesis was developed based on the upper echelon theory and resource dependency theory. Intellectual capital performance will be measured by the Value Added Intellectual Coefficient-VAIC method which proposed by Pulic (1998). This study uses data that encompasses 20 Indonesian State Owned Enterprises listed on the Indonesian Stock Exchange from year 2005 to 2016. The multiple regression analysis be used to examine this research hypothesis using SPSS software (Statistical Package for Social Science) version 20.0.

Expected Finding

The findings will provide that board characteristics and CEO succession play crucial role to encourage corporate intellectual capital performance improvement. Therefore, there is a prediction of positive, negative, or inconsequential outcomes when it comes to hire new CEO, so this study will reveal the relationship between CEO succession event and intellectual capital performance.

Practical Implication

The information in this study will define several implications in intellectual capital performance research that may apply in firm activities. First, the finding of this study will provide board characteristics which can help companies to overcome skill deficiencies with intellectual capital

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performance improvement related to future earnings. Second, the result is expected to provide guidance for companies to control CEO succession effect with intellectual capital performance improvement.

Originality/ Value

This study findings can be viewed as a new perspective on company succession as a highlights of intangible asset that can increase intellectual capitals performance. There has been a lack of research deal with CEO succession as an alternative way in improving intellectual capital. This paper tries to reveal the important of succession issues in corporate governance to explain the implication on intellectual capital performance.

Keyword: board characteristics, CEO succession, intellectual capital

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UNDERSTANDING THE PROBLEMS OF POLICY IMPLEMENTATION CONCERNING RETRIBUTION ON THE USE OF REGIONAL ASSETS: A CASE

STUDY IN THE DISTRICT GOVERNMENT OF CENTRAL MALUKU

Sut Mutiah (mutiahsangadji@gmail.com)1,2,

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia, Maluku Province

Dina Anggraeni (mutiahsangadji@gmail.com)1,2

Internal Auditor at Finance and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan), Republic of Indonesia, City of Bengkulu, Province of Bengkulu

Students of Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

ABSTRACT

Purpose: The research is aimed to identify the problems of policy

implementation concerning retribution on the use of regional assets in the District Government of Central Maluku. Successful implementation involves organization, interpretation, and application.

Design/methodology/approach: A case study in the District Government

of Central Maluku is used as the approach to achieve the research objective. The study involves three data collection techniques – observation, document analysis, and interview.

Expected Findings: The findings will provide information of problems in

implementing the policy concerning retribution on the use of regional assets in the District Government of Central Maluku that include organization, interpretation, and application. It will help the local government to reformulate the policy and improve the policy

implementation performance so that the use of government’s assets can be well-organized and managed and contribute to the local revenue.

Practical Implication: The research will define the problems in

implementing the policy concerning retribution on the use of regional assets in the local government and it will answer each of these inhibiting factors with practical suggestions. The result is expected to provide guidance for the local government to cut out the circles of asset issues

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which have become a classical problem for years.

Originality/Value: The paper will offer a basis for further research focused

on analyzing the context and implementation of policy concerning retribution on the use of regional assets.

Keywords: implementation, retribution on the use of regional asset policy,

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54 BUSINESS PRACTICES AMONGST SMES: THE CASE OF FASHION

CREATIVE INDUSTRY

Popy Rufaidah (popy.rufaidah@fe.unpad.ac.id)1_{, Sutisna (sutisna_mmunpad@yahoo.com)}2

1,2

Lecturers at the Master of Management Program, Faculty of Economics and Business, Universitas Padjadjaran

ABSTRACT Purpose

Design/ methodology/ approach

Expected Finding

Managerial/Practical implication

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materials for 1 times the production process, how to condition raw material prices, what is the current selling price of the product, how the production process is done in this business, is the current production site adequate, obstacles location of the current activity, and excellence location of current activity.

Originality/Value

This paper is the only study that is done in the SMEs of fashion creative industry in West Java in investigating the practical issues faced by SMEs.

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INTRODUCTION

The government develops the creative industry through the issuance of Presidential Instruction (Inpres) Number 6 Year 2009 on Creative Economy Development. This Instruction is the basis for all stakeholders in developing 14 sectors of creative economy. The sub-sectors of creative industries included in the scope of development of the Ministry of Industry of the Republic of Indonesia are fashion, craft, computer services, and software. The Indonesian fashion industry is experiencing an uplifting increase as it proves to be escalated to reach the value of USD $ 137.7 million for total exports of 'Non-knitted garments' (BPS 2017).

Currently, the Provincial Government of West Java has a Regional Mid-Term Development Plan (RPJMD) Year 2013-2018. The creative industry has been designated as one of the sectors that receive special attention in the RPJMD which is reflected in the strategy, the direction of development policy, the establishment of missions, objectives and targets and programs. It has even been set development scenario 10 (ten) Common Goals based sectoral thematic, one of which is the development of creative industry. In accordance with RPJMD Jabar 2013-2018, on the Strategy and Direction of Regional Development Policy, stated that one of the missions to be achieved (Second Mission) is "Building a Robust and Fair Economy". One of the derivative programs to achieve the mission is reflected in the strategy of Industry Sector, which is to increase the competitiveness of industry. This is done through: (a) upgrading of small and medium industries and inter-industry partnerships; (B) increasing the production and quality of leading industries (agro industry, creative industries and communication information technology industries). Seen the creative industry became one of the focus of industrial programs to achieve the mission.

The development of creative industry is one of the most important sectors in supporting the increase of local revenue, it is emphasized on the explanation of Scenario of Region Based Development (thematic cantonal). It is stated that from the four Governance and Development Coordination Areas (WKPP), it turns out that WKPP IV (Priangan Territory) is given responsibility for: 1. Developing a Higher Education and Integrated Research Area in Jatinangor, 2. Developing poultry populations, freshwater and capture fisheries, Dairy cattle, beef cattle, Garut sheep and its network and development of animal feed production centers, 3. Developing

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ITINERARY

The International Joint Seminar - Takushoku University & MM FEB Unpad and Visit to Clean Authority of Tokyo (Shin-Koto Incineration Plant)

Tokyo Metropolitan Government

15 – 19

MAY 2017

DAY 1

MONDAY 15 May 2017: Jakarta - Tokyo DAY 2

TUESDAY 16 May 2017 Arrive in Tokyo 07.00 am Cultural Analysis

(Asakusa Kannon Temple, Nakamise Street, Tokyo Sky Tree) DAY 3

WEDNESDAY 17 May 2017

08.00-Departure from Hotel to Tsukiji Fish Outer Market Visit to Shin-Koto Incineration Plant, Clean Authority of Tokyo, Tokyo

Metropolitan Government Visit to Odaiba

DAY 4

THURSDAY 18 May 2017

07.00 Leaving Hotel to Takushoku University

International Joint Seminar, Takushoku University, Bunkyo Campus (Students Papers Presentation)

General View of Tokyo

Pop Culture Analysis (Shibuya, Harajuku) DAY 5

FRIDAY 19 May 2017: Tokyo 08.00 Leaving Hotel for Case Study “Factory Outlet as Tourism Marketing Site”

18:00 Returned to Jakarta

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Session Chairs of the International Joint Seminar Takushoku University – MM FEB Unpad

Thursday, 18 May 2017 FUJIMOTO, Koji

Professor, Dean of the International Cooperation Studies Development Major fields: Finance, Development Cooperation, Infrastructure Development, Development Economics

Academic Backgrounds: B.A. in Economics, University of Nagasaki; M. Phil. in Economics (Public Economics), University of York

Work Experiences: Engineering Consulting Firms Association of Japan, Overseas Economic Cooperation Fund of Japan,

Japan Bank for International Cooperation

tional Studies and Training, Takasaki City University of Economics SENDO, Ayako

Professor, Dean of the Faculty of Commerce, Takushoku University. She received a MSc and a Ph.D in Commerce from Waseda University. Her work on Business and Society focuses on CSR, business ethics and social entrepreneurship.

Work Experiences: Former Director of Business Research Institute, Takushoku University

YOSHINO, Fumio Professor

Major fields in International economics and Asian economy Academic Backgrounds: BA & MA Economics, Waseda University Doctor of Economics, Takushoku University

KAJIWAWRA, Hirokazu Professor

Major Fields: Development Economics, International Economics, Asian Economies

Academic Backgrounds: Ph.D. Tokyo Institute of Technology; Master in International Economics, Takushoku University

Work Experiences: Chiba Keizai University; Special Assistance to the Ambassador (Japanese Embassy in the Philippines)

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ACKNOWLEDGEMENT

We would like to thank for the generous support from: Ministry of National Development Planning, Republic of Indonesia,

Minister Expert Staff for Economic Synergy and Financing Minister Expert Staff for Inter-Institution Relation

Minister Expert Staff for Mapping and Territorial

Clean Authority of Tokyo, Japan

Tokyo Metropolitan Government Management of Shin-Koto Incineration Plant Facilities Management Department Administration

Division Administration Section 102-0072 3-5-1, Iidabashi, Chiyoda-ku, Tokyo Tokyo administration of a ward hall 13th floor

Phone number 03-6238-0704 Fax: 03-6238-0740

Takushoku University (TU), Japan

Professor FUJIMOTO, Koji

Professor, Dean of the International Cooperation Studies Development Professor SENDO, Ayako

Professor, Dean of the Faculty of Commerce, Takushoku University. Professor YOSHINO, Fumio

Professor, Takushoku University KAJIWAWRA, Hirokazu

Director, Graduate School of International Studies, Takushoku University

Mr. KANEKO, Tomohiro Department of Academic Affairs Graduate School of International Studies

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Universitas Padjadjaran (UNPAD), Indonesia

Prof. Dr. med. Tri Hanggono Achmad, dr., Rector

Dr. Arry Bainus, MA

Vice Rector for Learning and Student Affairs Arief Sjamsulaksan Kartasasmita, dr., SpM(K), M.H., PhD

Vice Rector for Planning, Finance and Information System Dr. Keri Lestari, S.Si., M.Si., Apt.

Vice Rector for Research-Community Service, Cooperation, Innovation Dr. Sigid Suseno, SH., M.Hum

Vice Rector for Governance and Resources Dr. Nury Effendi, SE., MA.,

Dean, Faculty of Economics and Business (FEB) Mohammad Fahmi, SE, MT, Ph.D

Vice Dean I for Academic, Student Affairs, Inovation and Cooperation Yudi Azis, SE., S.S., S.Sos., MT., Ph.D.,

Vice Dean II for Planning, Information System, Governance and Resources Prof. Dr. Ernie Tisnawati Sule, SE, MS

Head, Department of Management and Business Popy Rufaidah, SE., MBA., Ph.D., Head, Master of Management Program

Dr. Rina Novianty, SE, MS Secretary for Academic, MM FEB Unpad Professors of MM FEB Unpad, Indonesia

Prof. Surachman Sumawihardja, Prof. Yuyun Wirasasmita,

Prof. Faisal Afiff, Prof. Maman Kusman,

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Prof. Dr. H. Yuyus Suryana Sudarma, SE., MS., Prof. Ernie Tisnawati Sule,

Prof. Armida Alisyahbana,

Prof. Cissy R.S.P. Kartasasmita, Sp.A. (K), M.Sc Prof. Ina Primiana Sagir,

Prof. Nurpilihan All Lecturers of FEB Unpad Academics Staff at FEB Unpad Academics Staff at MM FEB Unpad All students and alumni of the MM FEB Unpad

Editors of the Students’ Papers Popy Rufaidah & Ersa Tri Wahyuni

Layout of the Proceeding Fani Widodo Intan Siti Amaliyah