guidelines finance and banking journal 2017 a4
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Jkp)
is a publication of Finance and Banking Program University of Merdeka Malang. The
journal is an article published continuously which is intended not only as a place to
share ideas, study, and analysis but also as an information channel to improve and
develop finance and banking science. This publication consists of scientific writings in
the form of research finding, analysis, and application theory, conceptual idea, new
book review, bibliography, practical writing from experts, academics, and
practitioners. The published writings have been in the process of editing needed by
the publisher without changing the substance as the original script. The writing in each
publication is the personal responsibility of the author and it does not reflect the
publisher’s idea.
JKP (Journal of Finance and Banking) is published four times a year, in
January, April, July and October.
Focus and Scope
Financial Management
(Financial analysis, financial risk analysis,
corporate finance, corporate governance, exchange rate modeling, forecasting
financial markets portfolio and asset management, pricing and risk of financial
instruments, etc.)
Financial Markets
(Developments in the financial markets, financial market regulation, depository and
Non-depository financial institutions, stock valuations and market efficiency, etc.)
Banking
(Banking and portfolio management, monetary and fiscal policy decision-making,
human resources, marketing, banking finance, banking operational, Syaria Bank, etc.)
Editor receives relevant writing in improving the science of finance and banking. The writing must
be the original (not plagiarism) thing of thought, research result, ideas with references like
scientific writing, and it has not been published by another publisher. The writing which is not
published in two editions at a stretch is considered that it does not fulfill the requirements and it
is not returned.
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Editorial Board
Editor-in-Chief
Dr. Sari Yuniarti, SE.,MM., Department of Finance and Banking Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Managing Editor
Sugeng Haryanto, SE., MM., Department of Finance and Banking Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Associate Editors
Dr. Andewi Rokhmawati, SE.,M.Si.,M.Ed, Department of Management Faculty of
Economics Riau University, Indonesia
Dr. Dra. Diana Zuhroh, M.Si,.Ak,.CA, Department of Accounting Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Dr.Eko Yuni Prihantono SE,ME, Department of Finance and Banking Faculty of Economics
and Business University of Merdeka Malang
Dr. Erni Susana, S.H, M.M, Department of Finance and Banking Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Dr.Sunardi, MM, Department of Finance and Banking Faculty of Economics and Business
University of Merdeka Malang, Indonesia
Dr. Yusaq Tomo Ardianto, Department of Finance and Banking Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Ardi Gunardi, S.E., M.Si., [SCOPUS Author ID: 57191667735] Department of Management,
Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia
Daniel T H Manurung, SE.,MSA.,Ak., Department of Accounting Faculty of Economics
University of Widyatama Bandung, Indonesia
Editorial Advisory Board (The United States)
Prof. Bruno Sergio Sergi
[SCOPUS Author ID: 35369323900)
Prof. Kartono Liano, Ph.D.
[SCOPUS Author ID: 6603080227]
Davis Center for Russian and Eurasian Studies, Harvard
University, Cambridge, United States
Department of Finance and Economics Mississippi State
University, MS-USA, United States
Editorial Advisory Board (Europe)
Prof. Dr. Mehmet Hüseyin Bilgin,
[SCOPUS Author ID: 25421551900]
Manuel Castelo Branco, Ph.D.,
[SCOPUS Author ID: 57194672796]
Jacek Kalinowski, Ph.D.,
[SCOPUS Author ID: 57195082430]
Faculty of Political Sciences Istanbul Medeniyet University,
Turkey
Faculty of Economics University of Porto, Portugal
Department of Accounting Faculty of Management
University of Lodz, Poland
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Editorial Advisory Board (Asia Pasific)
Prof. Dr. Izah Mohd Tahir
[SCOPUS Author ID: 35099372000]
Prof. Susumu Ueno, M.B.A., D.B.A.
Evan Lau, Ph.D.
[SCOPUS Author ID: 7103086036]
Harun Harun, Ph.D.
[SCOPUS Author ID: 55361217000]
Hooy Chee Wooi, Ph.D,
[SCOPUS Author ID: 16837759700]
Faculty of Economics & Management Science University
Sultan Zainal Abidin-UniSZA, Malaysia), Malaysia
Management and Accounting Research Institute, Japan
Department of Economics University Malaysia Sarawak,
Kuching, Malaysia
Faculty of Business and Government, University of
Canberra, Australia
School of Management Universiti Sains Malaysia, Malaysia
Editorial Advisory Board (Asia Pasific)
Prof. Ahmad Erani Yustika, M.Sc, Ph.D.
[SCOPUS Author ID: 56070159600]
1. Prof. Djoko Wintoro,Ph.D.
Prof. Dr. Izah Mohd Tahir.
Prof. Dr. H Imam Ghozali, M.Com., Ak.
[SCOPUS Author ID: 55875276500]
Prof. Kartono Liano, Ph.D.
[SCOPUS Author ID: 6603080227]
Prof. Dr. Sugeng Wahyudi, MM.
[SCOPUS Author ID: 57189356898]
Prof. Supramono MBA.,DBA.
Prof. Susumu Ueno, M.B.A., D.B.A.
Prof. Dr. R.Wilopo M.Si, Akt.
Drs.Ec. Abdul Mongid, MA, Ph.D.
[SCOPUS Author ID: 55496014900]
Apriani Dorkas Rambu Atahau,
SE.,MCom.,Ph.D.
[SCOPUS Author ID: 56410852000]
Dezie Leonarda Warganegara, Ph.D.
[SCOPUS Author ID: 8675265200]
Dr. Eka Handriani,SE.,MM.
[SCOPUS Author ID: 57190022037]
Dr. Endri, SE.,ME.
Dr. Harmono SE.,M.Si.
Irwan Trinugroho, SE.,M.Sc.,Ph.D.
[SCOPUS Author ID: 56178586300]
Dr. Robiyanto, SE.,MM.
[SCOPUS ID: 56968203800]
Department of Economic Development Faculty of Economics
and Business University of Brawijaya Malang, Indonesia
School of Business and Economics University of Prasetiya
Mulya Jakarta, Indonesia
Faculty of Economics & Management Science University
Sultan Zainal Abidin – UniSZA, Malaysia
Department of Accounting Faculty of Economics and
Business University of Diponegoro Semarang, Indonesia
Department of Finance and Economics Mississippi State
University, MS-USA, United States
Department of Management Faculty of Economics and
Business University of Diponegoro Semarang, Indonesia
Department of Management Faculty of Economics and
Business Satya Wacana Christian University Salatiga,
Indonesia
Asia-Pasific Management Accounting Association, Japan
Department of Accounting STIE Perbanas Surabaya,
Indonesia
Department of Accounting STIE Perbanas Surabaya,
Indonesia
Department of Management, Faculty of Economics and
Business, Satya Wacana Christian University, Salatiga,
Indonesia
Department of Finance Faculty of Economics &
Communications BINUS University Jakarta, Indonesia
Faculty of Economics and Business University of Darul
Ulum Islamic Centre Sudirman, Semarang, Indonesia
Magister Management Program University of Mercu Buana
Jakarta, Indonesia
Department of Management Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Department of Management Faculty of Economics and
Business Universitas Sebelas Maret, Indonesia
Department of Management, Faculty of Economics and
Business, Satya Wacana Christian University, Indonesia
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Yanthi Hutagaol, Ph.D
Zaäfri A. Husodo, Ph.D.
[SCOPUS Author ID: 35268824900]
Ardi Gunardi, S.E., M.Si
[SCOPUS Author ID: 57191667735]
Daniel T.H Manurung, SE.,MSA.,Ak.
Rif’at Pasha,SE.
Taufik Saleh, SE., M.Si.
Department of Finance Faculty of Economics &
Communications BINUS University Jakarta, Indonesia
Faculty of Economics and Business Graduate School of
Management Universitas Indonesia, Indonesia
Department of Management, Faculty of Economics and
Business, Universitas Pasundan, Bandung, Indonesia
Department of Accounting Faculty of Economics University
of Widyatama Bandung, Indonesia
Department of Economic and Monetary Policy Bank
Indonesia
Department of Monetary Management Bank Indonesia
Assistant Editor
Abdul Kadir
Agus Santoso
Agus Tukiyan
Nurzulma Mardina, SH.
Sri Wahyuni,SS.,S.Par.
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Author Guidelines
Manuscript Submission
The manuscript submitted in form of softcopy by using OJS (Open Journal System)
through http://jurnal.unmer.ac.id/index.php/jkdp/index. Manuscript submission
also attached with the complete curriculum vitae of author and manuscript form refers
to following instruction below:
Writing Instruction
The manuscript should be double spaced minimum of 10 pages and maximum of 20
pages is already included abstract and bibliography/reference, paper size A4, font
Book Antiqua 12 pts except for illustration (table, chart, figure, etc) font size 10 pts. For
editing, all the manuscript (including table, figure, and equation) should write in a
form that can be edited by editor (Word Document).
General Writing Style
The manuscript for publication of Finance and Banking could be study and application
of theory, research, conceptual ideas, literature reviews, reviews of new books,
bibliographic, and practical writing related to finance and banking science. The
manuscript can be write in Bahasa Indonesia or English in form of essai, include the
subchapter tittle (heading) in each part, except: introduction which shown without
subchapter tittle. Ranked of subchapter expressed with different typeface and without
subchapter tittle. The writing style is narrative, with minimize of using table, figure,
and equation.
Sistematics of Manuscript
Conseptual Sistematics of manuscript consist of: tittle, authors name (without
academic title), address where the manuscript wrote, address for correspondence
(contact number, faximile, and email), abstract, key words, introduction (without
subchapter), main review (devided into sub headings), conclusion, and bibliography.
Sistematics research manuscript consist of: tittle, outhors name (without academic
title) address where the result of research done, address for correspondence, abstract,
key words, introduction (without subchapter) hypothesis (optional), method, result,
discussion, conclussion, suggestion and bibliography. The following instruction for
each part of manuscript and other way which need to consider to writing of
manuscript.
Tittle
Maximum consist of 14 words
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Author Data
Consist of full name without academic title and abbreviation, name of author
affiliations institution and complete address (including ZIP Code), address for
correspondence (telephone, Faximile, and e-mail).
Abstract
Writing on English with 150-200 words (also include in Bahasa Indonesia for editing),
consist 1 paragraph. Abstract for research manuscript contain: purpose of research,
method, important finding, and conclussion. Abstract for study article/ conceptual
contain: Short summary of the overall content of the full article with idea inferred.
Key Words
Writing on english with 3-6 phrases. Key words contain od word or phrase which often
used for manuscript and considered to represent and or related with the topic. Writing
on alfabet.
JEL Classification
The manuscript should include JEL Classification which is the code to classify the field
of science in line with the research topic. The classification code may refer to this link:
https://www.aeaweb.org/econlit/jelCodes.php
https://www.aeaweb.org/jel/guide/jel.php
Introduction
Introduction contains an introduction to the substance of the articles according to
topics and the purpose, especially the reasons both theoretical and empirical
background of writing the manuscript. Express the theoretical concepts, ideas, as well
as the findings of previous studies, useful as comparison and as well strengthening,
enrichment as well as sharpening the discussion, analysis and interpretations.
Presentation should be coherent chronological order. Connection between the logic of
the first paragraph with the following should be clear.
Method
Method is a theoretical and technical information sufficient for reader can be
reproduce the research well, especially important to put forward about the research
design, population and sample, data (types and source), data collection technique, and
data analysis technique (analysis model).
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Result
The result presented in systemic. Narration in the results contain information extracted
from the data, it’s not as it is. The illustration have to referred in the text, it presented
the data processed not raw data (if necessary data reduction).
Discussion
Discussion is express interpretation of the results, in order to answer the research
objectives and hypotheses (optional). The discussion and data presentation is the same
sequence. There was a development argument by correlating results, theory, and
opinion, including comparative results of previous research. It is important to state the
possibility of contribution result of the research for science development.
Conclusion
Conclusion interpret results and discussion of research for more comprehensive.
Suggestion
Suggestions intended for practical action (company which studies), for development
of new theory, and further research.
Citation
Citation in the text made in the format of name and year, such: Suhardjanto & Miranti
(2009) for begin the sentence, and (Wahyudi, 2010) for end of sentence. If there are
more than two authors used et al. After name of first author, such: Ettredge, et al.
(2010). For more than one references, it based on the chronology of the year or
alphabetical order if there is the same year. For example: (Arisudi & Gapor, 2010;
Herdinata, 2010; Nursyamsi, 2010) or (Yuniarti, 2008, Budianto, 2009, Iriani &
Gunarianto, 2010).
Reference
Reference arrange by following the procedures of the following example and sorted
alphabetically and chronologically.
A book appears as follows:
Skiadas, C. 2009. Asset Pricing Theory. New Edition. Published by Princeton University
Press.
An Article in a journal appears as follows:
Kashyap, A.K. & Zingales, L. 2010. The 2007-8 Financial Crisis: Lessons from Corporate
Finance, Journal of Financial Economics, 97(3): 303-488.
A working paper appears as follows:
Rojas, L. & Suares. 2010. The International Financial Crisis: Eight Lessons for and from Latin
America. Working Paper 02. January. Center for Global Development
A proceeding appears as follows:
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Rachmawati. 2005. Over Reaksi Pasar terhadap Harga Saham. Prosiding, Simposium
Akuntansi Nasional VIII.
A dissertation, thesis, etc is cited as follows:
Choudhury, M.A. 2007. Philosophy of Islamic Financial Engineering: Evaluationary
Equilibrium in Learning Spaces of Unity of Knowledge. International Seminar and
Workshop on Islamic Financial Engineering. (Tidak Dipublikasikan). Post Graduate
Program of Faculty of Economics Islamic University of Indonesia. Yogyakarta.
Nurkhin, A. 2009. Corporate Governance dan Profitabilitas; Pengaruhnya terhadap
Pengungkapan Tanggung Jawab Sosial Perusahaan (Studi Empiris pada
Perusahaan yang Tercatat di Bursa Efek Indonesia). Tesis. (Tidak Dipublikasikan).
Program Studi Magister Akuntansi Program Pascasarjana Fakultas Ekonomi
Universitas Diponegoro.
Another document (Regulation/Constitution):
Peraturan Bank Indonesia Nomor: 11/25/PBI/2009 Tentang Penerapan Manajemen Risiko
bagi Bank Umum.
An article in website appears as follows:
Oorschot, L.V. 2009. Risk Reporting: An Analysis of German Banking Industry.
http://oaithesis.eur.nl. (Download: 30 August 2010).
An Article in newspaper, magazine, etc, is cited as follows:
Hasbullah, Y.2004. Prinsip-prinsip Manajemen Risiko Kredit di Perbankan dalam Rangka
Good Corporate Government. Majalah Usahawan Indonesia, No.12, Th.XXXIII
Desember: 28-31.
Illustration (Table and Figure)
The illustrations in the form of tables and figures (optional) included in accordance
with the needs of the writing and given a sufficient explanation, and typed in a format
that can be edited by the editorial board.
Table. Typed font size 10 pts, form tables are created as the following example:
Table 1. Indicator of General Bank Performance Based on Assesment of CAEL (%)
General bank
Dec
Dec
Dec
Dec
Dec
(%)
2002
2003
2004
2005
2006
CAR
19,90
22,40
19,40
19,40
23,4
ROA
1,50
2,00
2,60
3,50
2,35
BOPO
98,41
94,76
88,10
76,64
81,42
LDR
33,00
38,20
43,50
50,00
62,27
NPL Gross
12,10
8,10
8,20
5,80
7,56
Source: Bank Indonesia (in Investor magazine, 2008) and Infobank June 2008.
Dec
2007
20,48
2,66
71,16
67,46
4,10
Figure. Figure and charts are printed in black and white, so it needs to be made in
different patterns among the data displayed (can use grayscale, pattern, etc.). Figure
made like the following example:
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
5
4
Giro
3
Tabungan
2
Deposito
1
0
Tahun 1 Tahun 2 Tahun 3 Tahun 4
Figure 1. Growth Third Party Fund Bank X Branch of Malang
Copyright
Manuscripts are submitted must be an original, not plagiarized / plagiarism of other
people's work, has not been published, and are not sent at the same time to another
publisher. Journal of Finance and Banking holds the copyright for all materials
included in the form of print, electronic, and other form. authors need to approve
diversion of copyright with fill out and sign a Statement of diversion Copyrights and
then sent back to the address of the editorial accompanied by a curriculum vitae, after
the manuscript can otherwise be published by the editorial board.
Other Requirement
Submit the curriculum vitae consists of: (1) Personal Data: full name with academic
title, name of institution, address and contact number institution, e-mail, home
address, phone number, address for correspondence for journal delivery. (2)
Educational Background. (3) Scientific work produced (published or unpublished).
For authors whose articles have been accepted are required to pay a contribution and
subscribe fee of at least IDR 1,750,000 (one million seven hundred fifty thousand
rupiah) and can be transferred in the account Bank BNI Number 0504291350 on
behalf of Sari Yuniarti.
Components and Indicator Reviewers Assessment are described in the following table:
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Component and Indicator of Reviewer Board Evaluation
No
Component
Evaluation Indicator of reviewer
1
Title
Effectiveness, Specification and clarity
2
Abstract (in English)
Complete and describe the essence of article
3
Key words
Describing the essential concept of article
4
Introduction (background, Objective or
Up-to-date, originality, relevance of the Topic,
scope, literature Review)
compatibility of the important reason of the research
objective
5
Method
Accuracy, Specification, and clarity
6
Result (Analysis and Synthetic)
Analysis acuteness
7
Discussion (Interpretation)
Up-to-date finding, relevance to the interrelated
researches, and the scientific contribution effect of
finding /idea to the development of science
8
Conclusion
Logical, valid, brief, and clear
9
Suggestion
For practical action, development of new theory, and
next/advanced research
10
Bibliography
Degree of up-to-date and the reference of primary
book sources.
Rules: min. 80% of the journals or the interrelated
scientific researches, above 2007 (year); the number
of book sources, min.10; min.80% in the
text/material of article writing
Address:
Gedung D-III Keuangan dan Perbankan Lt.1
Universitas Merdeka Malang
Jl. Terusan Raya Dieng No.57 Malang 65146, Telp.0341–568 395 (ext.544)
Contact person: Sari Yuniarti (081 2332 1664) ; Sugeng Haryanto (081 2525 7612)
Erni Susana (083 83380 7549)
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Willing to fill the statement below:
AGREEMENT
I the undersigned:
1. Name (complete with title)
2. Occupation
3. Institute
4. Office address
Telephone and Fax
5. Home address
Telephone/mobile phone
:
:
:
:
:
:
:
Hereby make an official statement that:
The article that I send to Journal of Finance and Banking University of Merdeka Malang
is an original writing, not copy/plagiarize someone else, and has not been published.
Willing to obey all the rules about writing article in Journal of Finance and Banking
University of Merdeka Malang.
Willing to revise if it is needed as the evaluation result of Reviewer board and send it
back soon in a certain/decided time.
That is the statement I make without any pressure, deceit and slip.
City, Date/Month/Year
Author,
___________________________
(Complete name and title)
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
CONSENT TO PUBLISH
Title:
Author(s) full name(s):
Corresponding Author’s name, address, affiliation and e-mail:
When the Author is more than one person the expression “Author” as used in this agreement will
apply collectively unless otherwise indicated.
1.
Rights Granted
Author hereby grants and assigns to the exclusive, sole, permanent, world-wide,
transferable, sub-licensable and unlimited right to reproduce, publish, distribute, transmit, make
available or otherwise communicate to the public, translate, publicly perform, archive, store, lease
or lend and sell the Contribution or parts thereof individually or together with other works in any
language, in all revisions and versions (including soft cover, book club and collected editions,
anthologies, advance printing, reprints or print to order, microfilm editions, audiograms and
video grams), in all forms and media of expression including in electronic form (including offline
and online use, push or pull technologies, use in databases and networks for display, print and
storing on any and all stationary or portable end user devices, e.g. text readers, audio, video or
interactive devices, and for use in multimedia or interactive versions as well as for the display or
transmission of the Contribution or parts thereof in data networks or search engines), in whole, in
part or in summarized form, in each case as now known or developed in the future, including the
right to grant further time-limited or permanent rights. For purposes of use in electronic form,
JOURNAL OF FINANCE AND BANKING Editorial Board may adjust the Contribution to the
respective form of use and include links or otherwise combine it with other works. For the
avoidance of doubt, JOURNAL OF FINANCE AND BANKING Editorial Board has the right to permit
others to use individual illustrations and may use the Contribution for advertising purposes.
The copyright of the Contribution will be held in the name of JOURNAL OF FINANCE AND
BANKING Editorial Board may take, either in its own name or in that of copyright holder, any
necessary steps to protect these rights against infringement by third parties. It will have the
copyright notice inserted into all editions of the Contribution according to the provisions of the
Universal Copyright Convention (UCC) and dutifully take care of all formalities in this connection
in the name of the copyright holder.
2.
Rights retained by Author
Author retains, in addition to uses permitted by law, the right to communicate the content
of the Contribution to other scientists, to share the Contribution with them in manuscript form, to
perform or present the Contribution or to use the content for non-commercial internal and
educational purposes provided the JOURNAL OF FINANCE AND BANKING Editorial Board
publication is mentioned as the original source of publication in any printed or electronic
materials.
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Author retains the right to republish the Contribution in any collection consisting solely of
Author’s own works without charge and subject only to notifying JOURNAL OF FINANCE AND
BANKING Editorial Board in writing prior to such publication of the intent to do so and to ensuring
that the publication by JOURNAL OF FINANCE AND BANKING Editorial Board is properly credited
and that the relevant copyright notice is repeated verbatim.
3.
Warranties
Author warrants that the Contribution is original except for such excerpts from
copyrighted works (including illustrations, tables, animations and text quotations) as may be
included with the permission of the copyright holder thereof, in which case(s) Author is required
to obtain written permission to the extent necessary and to indicate the precise source.
Author warrants that Author is entitled to grant the rights in accordance with Clause 1
“Rights Granted”, that Author has not assigned such rights to third parties, that the Contribution
has not heretofore been published in whole or in part, that the Contribution contains no libelous
statements and does not infringe on any copyright, trademark, patent, statutory right or
proprietary right of others, including rights obtained through licenses; and that Author will
indemnify JOURNAL OF FINANCE AND BANKING Editorial Board against any costs, expenses or
damages for which JOURNAL OF FINANCE AND BANKING Editorial Board may become liable as a
result of any breach of this warranty.
4.
Delivery of Contribution and Publication
Author agrees to deliver a manuscript of the Contribution to the responsible Editor on a
date to be agreed upon created according to guidelines provided by JOURNAL OF FINANCE AND
BANKING Editorial Board upon signature.
JOURNAL OF FINANCE AND BANKING Editorial Board will undertake the reproduction and
distribution of the Contribution and Work at its own expense and risk.
Corresponding Author signs for and accepts responsibility for releasing this material on
behalf of any and all Co-Authors.
Signature of Corresponding Author:
………………………………………………
Date:
………………………………………..
Please send this form to FINANCE AND BANKING JOURNAL Committee via email
jkpunmermlg@yahoo.com
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Jkp)
is a publication of Finance and Banking Program University of Merdeka Malang. The
journal is an article published continuously which is intended not only as a place to
share ideas, study, and analysis but also as an information channel to improve and
develop finance and banking science. This publication consists of scientific writings in
the form of research finding, analysis, and application theory, conceptual idea, new
book review, bibliography, practical writing from experts, academics, and
practitioners. The published writings have been in the process of editing needed by
the publisher without changing the substance as the original script. The writing in each
publication is the personal responsibility of the author and it does not reflect the
publisher’s idea.
JKP (Journal of Finance and Banking) is published four times a year, in
January, April, July and October.
Focus and Scope
Financial Management
(Financial analysis, financial risk analysis,
corporate finance, corporate governance, exchange rate modeling, forecasting
financial markets portfolio and asset management, pricing and risk of financial
instruments, etc.)
Financial Markets
(Developments in the financial markets, financial market regulation, depository and
Non-depository financial institutions, stock valuations and market efficiency, etc.)
Banking
(Banking and portfolio management, monetary and fiscal policy decision-making,
human resources, marketing, banking finance, banking operational, Syaria Bank, etc.)
Editor receives relevant writing in improving the science of finance and banking. The writing must
be the original (not plagiarism) thing of thought, research result, ideas with references like
scientific writing, and it has not been published by another publisher. The writing which is not
published in two editions at a stretch is considered that it does not fulfill the requirements and it
is not returned.
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Editorial Board
Editor-in-Chief
Dr. Sari Yuniarti, SE.,MM., Department of Finance and Banking Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Managing Editor
Sugeng Haryanto, SE., MM., Department of Finance and Banking Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Associate Editors
Dr. Andewi Rokhmawati, SE.,M.Si.,M.Ed, Department of Management Faculty of
Economics Riau University, Indonesia
Dr. Dra. Diana Zuhroh, M.Si,.Ak,.CA, Department of Accounting Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Dr.Eko Yuni Prihantono SE,ME, Department of Finance and Banking Faculty of Economics
and Business University of Merdeka Malang
Dr. Erni Susana, S.H, M.M, Department of Finance and Banking Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Dr.Sunardi, MM, Department of Finance and Banking Faculty of Economics and Business
University of Merdeka Malang, Indonesia
Dr. Yusaq Tomo Ardianto, Department of Finance and Banking Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Ardi Gunardi, S.E., M.Si., [SCOPUS Author ID: 57191667735] Department of Management,
Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia
Daniel T H Manurung, SE.,MSA.,Ak., Department of Accounting Faculty of Economics
University of Widyatama Bandung, Indonesia
Editorial Advisory Board (The United States)
Prof. Bruno Sergio Sergi
[SCOPUS Author ID: 35369323900)
Prof. Kartono Liano, Ph.D.
[SCOPUS Author ID: 6603080227]
Davis Center for Russian and Eurasian Studies, Harvard
University, Cambridge, United States
Department of Finance and Economics Mississippi State
University, MS-USA, United States
Editorial Advisory Board (Europe)
Prof. Dr. Mehmet Hüseyin Bilgin,
[SCOPUS Author ID: 25421551900]
Manuel Castelo Branco, Ph.D.,
[SCOPUS Author ID: 57194672796]
Jacek Kalinowski, Ph.D.,
[SCOPUS Author ID: 57195082430]
Faculty of Political Sciences Istanbul Medeniyet University,
Turkey
Faculty of Economics University of Porto, Portugal
Department of Accounting Faculty of Management
University of Lodz, Poland
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Editorial Advisory Board (Asia Pasific)
Prof. Dr. Izah Mohd Tahir
[SCOPUS Author ID: 35099372000]
Prof. Susumu Ueno, M.B.A., D.B.A.
Evan Lau, Ph.D.
[SCOPUS Author ID: 7103086036]
Harun Harun, Ph.D.
[SCOPUS Author ID: 55361217000]
Hooy Chee Wooi, Ph.D,
[SCOPUS Author ID: 16837759700]
Faculty of Economics & Management Science University
Sultan Zainal Abidin-UniSZA, Malaysia), Malaysia
Management and Accounting Research Institute, Japan
Department of Economics University Malaysia Sarawak,
Kuching, Malaysia
Faculty of Business and Government, University of
Canberra, Australia
School of Management Universiti Sains Malaysia, Malaysia
Editorial Advisory Board (Asia Pasific)
Prof. Ahmad Erani Yustika, M.Sc, Ph.D.
[SCOPUS Author ID: 56070159600]
1. Prof. Djoko Wintoro,Ph.D.
Prof. Dr. Izah Mohd Tahir.
Prof. Dr. H Imam Ghozali, M.Com., Ak.
[SCOPUS Author ID: 55875276500]
Prof. Kartono Liano, Ph.D.
[SCOPUS Author ID: 6603080227]
Prof. Dr. Sugeng Wahyudi, MM.
[SCOPUS Author ID: 57189356898]
Prof. Supramono MBA.,DBA.
Prof. Susumu Ueno, M.B.A., D.B.A.
Prof. Dr. R.Wilopo M.Si, Akt.
Drs.Ec. Abdul Mongid, MA, Ph.D.
[SCOPUS Author ID: 55496014900]
Apriani Dorkas Rambu Atahau,
SE.,MCom.,Ph.D.
[SCOPUS Author ID: 56410852000]
Dezie Leonarda Warganegara, Ph.D.
[SCOPUS Author ID: 8675265200]
Dr. Eka Handriani,SE.,MM.
[SCOPUS Author ID: 57190022037]
Dr. Endri, SE.,ME.
Dr. Harmono SE.,M.Si.
Irwan Trinugroho, SE.,M.Sc.,Ph.D.
[SCOPUS Author ID: 56178586300]
Dr. Robiyanto, SE.,MM.
[SCOPUS ID: 56968203800]
Department of Economic Development Faculty of Economics
and Business University of Brawijaya Malang, Indonesia
School of Business and Economics University of Prasetiya
Mulya Jakarta, Indonesia
Faculty of Economics & Management Science University
Sultan Zainal Abidin – UniSZA, Malaysia
Department of Accounting Faculty of Economics and
Business University of Diponegoro Semarang, Indonesia
Department of Finance and Economics Mississippi State
University, MS-USA, United States
Department of Management Faculty of Economics and
Business University of Diponegoro Semarang, Indonesia
Department of Management Faculty of Economics and
Business Satya Wacana Christian University Salatiga,
Indonesia
Asia-Pasific Management Accounting Association, Japan
Department of Accounting STIE Perbanas Surabaya,
Indonesia
Department of Accounting STIE Perbanas Surabaya,
Indonesia
Department of Management, Faculty of Economics and
Business, Satya Wacana Christian University, Salatiga,
Indonesia
Department of Finance Faculty of Economics &
Communications BINUS University Jakarta, Indonesia
Faculty of Economics and Business University of Darul
Ulum Islamic Centre Sudirman, Semarang, Indonesia
Magister Management Program University of Mercu Buana
Jakarta, Indonesia
Department of Management Faculty of Economics and
Business University of Merdeka Malang, Indonesia
Department of Management Faculty of Economics and
Business Universitas Sebelas Maret, Indonesia
Department of Management, Faculty of Economics and
Business, Satya Wacana Christian University, Indonesia
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Yanthi Hutagaol, Ph.D
Zaäfri A. Husodo, Ph.D.
[SCOPUS Author ID: 35268824900]
Ardi Gunardi, S.E., M.Si
[SCOPUS Author ID: 57191667735]
Daniel T.H Manurung, SE.,MSA.,Ak.
Rif’at Pasha,SE.
Taufik Saleh, SE., M.Si.
Department of Finance Faculty of Economics &
Communications BINUS University Jakarta, Indonesia
Faculty of Economics and Business Graduate School of
Management Universitas Indonesia, Indonesia
Department of Management, Faculty of Economics and
Business, Universitas Pasundan, Bandung, Indonesia
Department of Accounting Faculty of Economics University
of Widyatama Bandung, Indonesia
Department of Economic and Monetary Policy Bank
Indonesia
Department of Monetary Management Bank Indonesia
Assistant Editor
Abdul Kadir
Agus Santoso
Agus Tukiyan
Nurzulma Mardina, SH.
Sri Wahyuni,SS.,S.Par.
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Author Guidelines
Manuscript Submission
The manuscript submitted in form of softcopy by using OJS (Open Journal System)
through http://jurnal.unmer.ac.id/index.php/jkdp/index. Manuscript submission
also attached with the complete curriculum vitae of author and manuscript form refers
to following instruction below:
Writing Instruction
The manuscript should be double spaced minimum of 10 pages and maximum of 20
pages is already included abstract and bibliography/reference, paper size A4, font
Book Antiqua 12 pts except for illustration (table, chart, figure, etc) font size 10 pts. For
editing, all the manuscript (including table, figure, and equation) should write in a
form that can be edited by editor (Word Document).
General Writing Style
The manuscript for publication of Finance and Banking could be study and application
of theory, research, conceptual ideas, literature reviews, reviews of new books,
bibliographic, and practical writing related to finance and banking science. The
manuscript can be write in Bahasa Indonesia or English in form of essai, include the
subchapter tittle (heading) in each part, except: introduction which shown without
subchapter tittle. Ranked of subchapter expressed with different typeface and without
subchapter tittle. The writing style is narrative, with minimize of using table, figure,
and equation.
Sistematics of Manuscript
Conseptual Sistematics of manuscript consist of: tittle, authors name (without
academic title), address where the manuscript wrote, address for correspondence
(contact number, faximile, and email), abstract, key words, introduction (without
subchapter), main review (devided into sub headings), conclusion, and bibliography.
Sistematics research manuscript consist of: tittle, outhors name (without academic
title) address where the result of research done, address for correspondence, abstract,
key words, introduction (without subchapter) hypothesis (optional), method, result,
discussion, conclussion, suggestion and bibliography. The following instruction for
each part of manuscript and other way which need to consider to writing of
manuscript.
Tittle
Maximum consist of 14 words
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Author Data
Consist of full name without academic title and abbreviation, name of author
affiliations institution and complete address (including ZIP Code), address for
correspondence (telephone, Faximile, and e-mail).
Abstract
Writing on English with 150-200 words (also include in Bahasa Indonesia for editing),
consist 1 paragraph. Abstract for research manuscript contain: purpose of research,
method, important finding, and conclussion. Abstract for study article/ conceptual
contain: Short summary of the overall content of the full article with idea inferred.
Key Words
Writing on english with 3-6 phrases. Key words contain od word or phrase which often
used for manuscript and considered to represent and or related with the topic. Writing
on alfabet.
JEL Classification
The manuscript should include JEL Classification which is the code to classify the field
of science in line with the research topic. The classification code may refer to this link:
https://www.aeaweb.org/econlit/jelCodes.php
https://www.aeaweb.org/jel/guide/jel.php
Introduction
Introduction contains an introduction to the substance of the articles according to
topics and the purpose, especially the reasons both theoretical and empirical
background of writing the manuscript. Express the theoretical concepts, ideas, as well
as the findings of previous studies, useful as comparison and as well strengthening,
enrichment as well as sharpening the discussion, analysis and interpretations.
Presentation should be coherent chronological order. Connection between the logic of
the first paragraph with the following should be clear.
Method
Method is a theoretical and technical information sufficient for reader can be
reproduce the research well, especially important to put forward about the research
design, population and sample, data (types and source), data collection technique, and
data analysis technique (analysis model).
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Result
The result presented in systemic. Narration in the results contain information extracted
from the data, it’s not as it is. The illustration have to referred in the text, it presented
the data processed not raw data (if necessary data reduction).
Discussion
Discussion is express interpretation of the results, in order to answer the research
objectives and hypotheses (optional). The discussion and data presentation is the same
sequence. There was a development argument by correlating results, theory, and
opinion, including comparative results of previous research. It is important to state the
possibility of contribution result of the research for science development.
Conclusion
Conclusion interpret results and discussion of research for more comprehensive.
Suggestion
Suggestions intended for practical action (company which studies), for development
of new theory, and further research.
Citation
Citation in the text made in the format of name and year, such: Suhardjanto & Miranti
(2009) for begin the sentence, and (Wahyudi, 2010) for end of sentence. If there are
more than two authors used et al. After name of first author, such: Ettredge, et al.
(2010). For more than one references, it based on the chronology of the year or
alphabetical order if there is the same year. For example: (Arisudi & Gapor, 2010;
Herdinata, 2010; Nursyamsi, 2010) or (Yuniarti, 2008, Budianto, 2009, Iriani &
Gunarianto, 2010).
Reference
Reference arrange by following the procedures of the following example and sorted
alphabetically and chronologically.
A book appears as follows:
Skiadas, C. 2009. Asset Pricing Theory. New Edition. Published by Princeton University
Press.
An Article in a journal appears as follows:
Kashyap, A.K. & Zingales, L. 2010. The 2007-8 Financial Crisis: Lessons from Corporate
Finance, Journal of Financial Economics, 97(3): 303-488.
A working paper appears as follows:
Rojas, L. & Suares. 2010. The International Financial Crisis: Eight Lessons for and from Latin
America. Working Paper 02. January. Center for Global Development
A proceeding appears as follows:
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Rachmawati. 2005. Over Reaksi Pasar terhadap Harga Saham. Prosiding, Simposium
Akuntansi Nasional VIII.
A dissertation, thesis, etc is cited as follows:
Choudhury, M.A. 2007. Philosophy of Islamic Financial Engineering: Evaluationary
Equilibrium in Learning Spaces of Unity of Knowledge. International Seminar and
Workshop on Islamic Financial Engineering. (Tidak Dipublikasikan). Post Graduate
Program of Faculty of Economics Islamic University of Indonesia. Yogyakarta.
Nurkhin, A. 2009. Corporate Governance dan Profitabilitas; Pengaruhnya terhadap
Pengungkapan Tanggung Jawab Sosial Perusahaan (Studi Empiris pada
Perusahaan yang Tercatat di Bursa Efek Indonesia). Tesis. (Tidak Dipublikasikan).
Program Studi Magister Akuntansi Program Pascasarjana Fakultas Ekonomi
Universitas Diponegoro.
Another document (Regulation/Constitution):
Peraturan Bank Indonesia Nomor: 11/25/PBI/2009 Tentang Penerapan Manajemen Risiko
bagi Bank Umum.
An article in website appears as follows:
Oorschot, L.V. 2009. Risk Reporting: An Analysis of German Banking Industry.
http://oaithesis.eur.nl. (Download: 30 August 2010).
An Article in newspaper, magazine, etc, is cited as follows:
Hasbullah, Y.2004. Prinsip-prinsip Manajemen Risiko Kredit di Perbankan dalam Rangka
Good Corporate Government. Majalah Usahawan Indonesia, No.12, Th.XXXIII
Desember: 28-31.
Illustration (Table and Figure)
The illustrations in the form of tables and figures (optional) included in accordance
with the needs of the writing and given a sufficient explanation, and typed in a format
that can be edited by the editorial board.
Table. Typed font size 10 pts, form tables are created as the following example:
Table 1. Indicator of General Bank Performance Based on Assesment of CAEL (%)
General bank
Dec
Dec
Dec
Dec
Dec
(%)
2002
2003
2004
2005
2006
CAR
19,90
22,40
19,40
19,40
23,4
ROA
1,50
2,00
2,60
3,50
2,35
BOPO
98,41
94,76
88,10
76,64
81,42
LDR
33,00
38,20
43,50
50,00
62,27
NPL Gross
12,10
8,10
8,20
5,80
7,56
Source: Bank Indonesia (in Investor magazine, 2008) and Infobank June 2008.
Dec
2007
20,48
2,66
71,16
67,46
4,10
Figure. Figure and charts are printed in black and white, so it needs to be made in
different patterns among the data displayed (can use grayscale, pattern, etc.). Figure
made like the following example:
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
5
4
Giro
3
Tabungan
2
Deposito
1
0
Tahun 1 Tahun 2 Tahun 3 Tahun 4
Figure 1. Growth Third Party Fund Bank X Branch of Malang
Copyright
Manuscripts are submitted must be an original, not plagiarized / plagiarism of other
people's work, has not been published, and are not sent at the same time to another
publisher. Journal of Finance and Banking holds the copyright for all materials
included in the form of print, electronic, and other form. authors need to approve
diversion of copyright with fill out and sign a Statement of diversion Copyrights and
then sent back to the address of the editorial accompanied by a curriculum vitae, after
the manuscript can otherwise be published by the editorial board.
Other Requirement
Submit the curriculum vitae consists of: (1) Personal Data: full name with academic
title, name of institution, address and contact number institution, e-mail, home
address, phone number, address for correspondence for journal delivery. (2)
Educational Background. (3) Scientific work produced (published or unpublished).
For authors whose articles have been accepted are required to pay a contribution and
subscribe fee of at least IDR 1,750,000 (one million seven hundred fifty thousand
rupiah) and can be transferred in the account Bank BNI Number 0504291350 on
behalf of Sari Yuniarti.
Components and Indicator Reviewers Assessment are described in the following table:
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Component and Indicator of Reviewer Board Evaluation
No
Component
Evaluation Indicator of reviewer
1
Title
Effectiveness, Specification and clarity
2
Abstract (in English)
Complete and describe the essence of article
3
Key words
Describing the essential concept of article
4
Introduction (background, Objective or
Up-to-date, originality, relevance of the Topic,
scope, literature Review)
compatibility of the important reason of the research
objective
5
Method
Accuracy, Specification, and clarity
6
Result (Analysis and Synthetic)
Analysis acuteness
7
Discussion (Interpretation)
Up-to-date finding, relevance to the interrelated
researches, and the scientific contribution effect of
finding /idea to the development of science
8
Conclusion
Logical, valid, brief, and clear
9
Suggestion
For practical action, development of new theory, and
next/advanced research
10
Bibliography
Degree of up-to-date and the reference of primary
book sources.
Rules: min. 80% of the journals or the interrelated
scientific researches, above 2007 (year); the number
of book sources, min.10; min.80% in the
text/material of article writing
Address:
Gedung D-III Keuangan dan Perbankan Lt.1
Universitas Merdeka Malang
Jl. Terusan Raya Dieng No.57 Malang 65146, Telp.0341–568 395 (ext.544)
Contact person: Sari Yuniarti (081 2332 1664) ; Sugeng Haryanto (081 2525 7612)
Erni Susana (083 83380 7549)
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Willing to fill the statement below:
AGREEMENT
I the undersigned:
1. Name (complete with title)
2. Occupation
3. Institute
4. Office address
Telephone and Fax
5. Home address
Telephone/mobile phone
:
:
:
:
:
:
:
Hereby make an official statement that:
The article that I send to Journal of Finance and Banking University of Merdeka Malang
is an original writing, not copy/plagiarize someone else, and has not been published.
Willing to obey all the rules about writing article in Journal of Finance and Banking
University of Merdeka Malang.
Willing to revise if it is needed as the evaluation result of Reviewer board and send it
back soon in a certain/decided time.
That is the statement I make without any pressure, deceit and slip.
City, Date/Month/Year
Author,
___________________________
(Complete name and title)
Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
CONSENT TO PUBLISH
Title:
Author(s) full name(s):
Corresponding Author’s name, address, affiliation and e-mail:
When the Author is more than one person the expression “Author” as used in this agreement will
apply collectively unless otherwise indicated.
1.
Rights Granted
Author hereby grants and assigns to the exclusive, sole, permanent, world-wide,
transferable, sub-licensable and unlimited right to reproduce, publish, distribute, transmit, make
available or otherwise communicate to the public, translate, publicly perform, archive, store, lease
or lend and sell the Contribution or parts thereof individually or together with other works in any
language, in all revisions and versions (including soft cover, book club and collected editions,
anthologies, advance printing, reprints or print to order, microfilm editions, audiograms and
video grams), in all forms and media of expression including in electronic form (including offline
and online use, push or pull technologies, use in databases and networks for display, print and
storing on any and all stationary or portable end user devices, e.g. text readers, audio, video or
interactive devices, and for use in multimedia or interactive versions as well as for the display or
transmission of the Contribution or parts thereof in data networks or search engines), in whole, in
part or in summarized form, in each case as now known or developed in the future, including the
right to grant further time-limited or permanent rights. For purposes of use in electronic form,
JOURNAL OF FINANCE AND BANKING Editorial Board may adjust the Contribution to the
respective form of use and include links or otherwise combine it with other works. For the
avoidance of doubt, JOURNAL OF FINANCE AND BANKING Editorial Board has the right to permit
others to use individual illustrations and may use the Contribution for advertising purposes.
The copyright of the Contribution will be held in the name of JOURNAL OF FINANCE AND
BANKING Editorial Board may take, either in its own name or in that of copyright holder, any
necessary steps to protect these rights against infringement by third parties. It will have the
copyright notice inserted into all editions of the Contribution according to the provisions of the
Universal Copyright Convention (UCC) and dutifully take care of all formalities in this connection
in the name of the copyright holder.
2.
Rights retained by Author
Author retains, in addition to uses permitted by law, the right to communicate the content
of the Contribution to other scientists, to share the Contribution with them in manuscript form, to
perform or present the Contribution or to use the content for non-commercial internal and
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Journal of Finance and Banking
Jurnal Keuangan dan Perbankan (Nationally Accredited SK.NO.040/P/2014)
ISSN (Print): 1410-8089 (Online): 2443-2687
http://jurnal.unmer.ac.id/index.php/jkdp
Author retains the right to republish the Contribution in any collection consisting solely of
Author’s own works without charge and subject only to notifying JOURNAL OF FINANCE AND
BANKING Editorial Board in writing prior to such publication of the intent to do so and to ensuring
that the publication by JOURNAL OF FINANCE AND BANKING Editorial Board is properly credited
and that the relevant copyright notice is repeated verbatim.
3.
Warranties
Author warrants that the Contribution is original except for such excerpts from
copyrighted works (including illustrations, tables, animations and text quotations) as may be
included with the permission of the copyright holder thereof, in which case(s) Author is required
to obtain written permission to the extent necessary and to indicate the precise source.
Author warrants that Author is entitled to grant the rights in accordance with Clause 1
“Rights Granted”, that Author has not assigned such rights to third parties, that the Contribution
has not heretofore been published in whole or in part, that the Contribution contains no libelous
statements and does not infringe on any copyright, trademark, patent, statutory right or
proprietary right of others, including rights obtained through licenses; and that Author will
indemnify JOURNAL OF FINANCE AND BANKING Editorial Board against any costs, expenses or
damages for which JOURNAL OF FINANCE AND BANKING Editorial Board may become liable as a
result of any breach of this warranty.
4.
Delivery of Contribution and Publication
Author agrees to deliver a manuscript of the Contribution to the responsible Editor on a
date to be agreed upon created according to guidelines provided by JOURNAL OF FINANCE AND
BANKING Editorial Board upon signature.
JOURNAL OF FINANCE AND BANKING Editorial Board will undertake the reproduction and
distribution of the Contribution and Work at its own expense and risk.
Corresponding Author signs for and accepts responsibility for releasing this material on
behalf of any and all Co-Authors.
Signature of Corresponding Author:
………………………………………………
Date:
………………………………………..
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