Articles

Assessing an Indonesian Credit Union’s Internal Control Using COSO ERM Framework: A Case Study at Credit Union Kridha Rahardja

/in /by

COSO ERM framework has been widely used for assessing the quality of internal control in many forprofit companies. However, there is still limited application of COSO ERM Framework for non-profit organizations and social enterprises with dual objectives like credit unions. This research evaluates how effective and comprehensive the implementation of internal controls is within a Credit Union in Indonesia, a member-based social enterprise offering financial services to middle-low-income groups. This is a collaborative case study of the researcher and the practitioners of the credit union. Participants shared their perspectives through questionnaire feedback, interviews, and focus group discussions, to examine the control activities within the organization and identify risks that may impact the organization’s goals. The findings suggest a critical demand for forming an operational manual with detailed structures and policies. Furthermore, the sense of loyalty is the key to enhancing members’ participation in various activities within the organization.

Analysis of Electric Vehicle Purchase Intentions in Indonesia Using the Extension C-TAM-TPB Model

/in /by

The success of electric vehicles is influenced by how they are accepted and adopted by society. Identifying driving factors can help stakeholders take appropriate steps to drive Electric Vehicle Purchase Intentions. This study examined the driving variables of EV Purchase Intention using the C-TAM-TPB model approach and six extension variables in an emerging market context. This research is quantitative research. Data were collected from a questionnaire distributed to 385 people using a purposive sampling technique. PLS is used in the data analysis technique. Based on the research results, Perceived Usefulness and Perceived Ease of Use significantly and positively affects Attitudes Toward EV. Furthermore, Attitude Toward EVs, Price Value, and Cognitive Status significantly and positively affect EV Purchase Intention. Meanwhile, the Infrastructure Barrier significantly and negatively affect EV Purchase Intention. Meanwhile, Incentive Policy Perception, Functional Value, and Perceived Risk have no significant effect on EV Purchase Intention.

Factors Influencing the Participation of Mothers with Toddlers Aged 2-12 Months in the Pneumococcal Conjugate Vaccine Program in Metro, Lampung, Indonesia

/in /by

Pneumonia (pneumonitis) is an infectious disease that often attacks children under five. One way to prevent and control pneumonia cases is through the Pneumococcal Conjugate Vaccine (PCV) immunization program targeting toddlers aged two months to 12 months. However, the achievement of Universal Child Immunization (UCI) in Metro Lampung, Indonesia, is below the target. This research aims to determine the factors that influence the participation of mothers of toddlers aged 2-12 months in the PCV immunization program. This cross-sectional study was conducted on 208 patients with mothers of toddlers aged 2-12 months in the PCV immunization program in Metro Lampung, Indonesia, from July to October 2023. Variable measurements were carried out using a questionnaire. The chi-square test and logistic regression were used for data analysis. The research results show that factors that have a significant influence on the participation of mothers of toddlers aged 2-12 months in the PCV program are knowledge (OR= 7.32; 95% CI= 3.38-18.85), family support OR=6, 71; 95% CI=3.09-14.57) and exposure to information media (OR=4.28; 95% CI=1.94-9.42). Mothers with toddlers aged 2-12 months should participate in the PCV program to prevent pneumonia in children.

Factors Related To the Incidence of Pulmonary TB in Rural Communities in South Lampung, Indonesia: A Case-Control Study

/in /by

Indonesia is ranked second in the world with the highest number of TB cases after India. The trend in the case detection rate of tuberculosis cases for all types per 100,000 population in Lampung Province, Indonesia, during 2016-2020 tends to increase. This research aims to analyze factors related to the incidence of pulmonary TB. This case-control study with a sample of 58 respondents (29 in the case group and 29 in the control group) was conducted in the work area of one of the public health centers in South Lampung Regency, starting September-October 2023, using purposive sampling. The research instrument consists of a questionnaire sheet. Data analysis used Chi-square and logistic regression tests. The results of the study showed that the factors associated with the incidence of pulmonary TB in this study area were age (OR= 3.90; 95% CI = 2.28-6.65), nutritional status (OR= 3.72; 95% CI = 1, 23-11, 16), economic status (OR= 4, 22; 95% CI = 1, 40-12, 65), home hygiene (OR= 6, 89; 95% CI = 2, 17- 21.80), smoking habits (OR: 4.71, 95% CI = 1.48-15.03), and the history of pulmonary TB in the immediate family (OR: 3.57, 95% CI = 1.12-11 .37). The dominant factors associated with the incidence of pulmonary TB in this area are economic status (OR= 34.31; 95% CI= 1.56-753.26) and history of pulmonary TB in the immediate family (OR= 37.67; 95% CI = 1.75-809.26). It is necessary to provide education on risk factors for the incidence of tuberculosis, especially about reducing close contact between TB patients and family members, for example, by wearing masks and not throwing away TB patient waste.

Islamic Moderate Values in Teaching Classic Islamic Books at Modern Islamic Boarding Schools in Indonesia

/in /by

This study discusses Islamic moderation in learning classic Islamic books at modern Islamic boarding schools in Indonesia. This study aimed to examine the application of Islamic moderation in learning classics and the supporting factors for the successful application of religious moderation in learning classics at the Islamic Boarding School of Modern al-IstiqamahNgatabaru Indonesia. This study used qualitative methods, and data collection techniques were carried out through direct observation, in-depth interviews, and written document analysis. The results of this study indicate that there are three indicators in the application of Islamic moderation in learning the ‘yellow book,’ namely the application of moderation in the learning process, the application of moderation in the form of understanding, and the application of moderation in the form of practice in worship. The supporting factors for Islamic moderation in learning the ‘yellow book’ are, Islamic boarding schools are not tied to one school of thought, ustad provides the broadest possible understanding to students, ustad does not indoctrinate students to follow one school of thought, ustad is not allowed to justify one school and blames on the other hand, students are free to choose the schools they believe in strongly. While the inhibiting factors are the limited practice of santri worship, senior santri are not allowed to influence junior santri, and learning the ‘yellow book’ is still limited. The implications of Islamic moderation in understanding the ‘yellow book’ at the Modern al-IstiqamahNgatabaru Islamic Boarding School are elastic and flexible, tolerant, not categorized, and not confused in making choices. Many alums are in different Islamic mass organizations, and alums join student organizations that are diverse, and active in religious activities in the community.

Implementation of Islamic Education Values in Notary Families in Palu City Indonesia

/in /by

This study discusses the Implementation of the values of Islamic Education in the Palu City Notary family. This study used is a qualitative method with data gathering using field observational, in-depth interviews, and written material analysis. The data was then analyzed using inductive, dedicated and comparative analysis. The results of the study revealed that the Muslim Notary families in Palu City understands and implements of Islamic education values. Muslim notary families apply and practice the values of Islamic education include the values of Aqidah and Morals. Islamic values are implemented in their professional life and in their families. The result of Islamic education and values implementation are reflected in feeling of fear to Allah which means to have feelings in the heart of Allah.  The person who fears Allah the most is the person who knows and realizes himself the most.  Continuous training is needed to increase listening to religious advice originating from the Al-Qur’an and Hadith. Hoping to Allah that all the good deeds that we are about to do will receive the pleasure of Allah and be accepted as a pious child and Allah will forgive sins.  By hoping in Allah, humans are required to try to increase their faith and increase good deeds both to Allah and fellow human beings. 6). Praying too much for forgiveness so that the sins that have already been done will receive forgiveness from Allah SWT.

ESG Integration into Company Valuation: Case Study of PT Surya Energi Indotama

/in /by

The commitment of Indonesia to the Paris Agreement has prompted the government to issue regulations supporting the development of renewable energy in the country. Utilizing Environmental, Social, and Governance (ESG) criteria allows investors to align their values with their investments and effectively evaluate a company’s risk management capabilities. Companies that prioritize ESG principles, particularly those involved in renewable energy production, can seize opportunities arising from this situation. PT Surya Energi Indotama (SEI), a company that has not engaged in equity funding before, aims to capitalize on these opportunities. To assess the value of PT SEI, both absolute valuation and relative valuation methods are employed. Recognizing the potential of ESG factors to enhance company value, the author implements the Value Driven Adjustment approach and incorporates the SASB industry ESG standard. The valuation analysis reveals a potential valuation increase of up to 30%.

Proposed Innovation Strategy for Streetwear MSMEs using TOWS: Asbhoel

/in /by

MSMEs in Indonesia, especially in the fashion sector, have experienced significant growth. One of the fashion lines that continues to grow and is popular among Indonesians is streetwear. As a fashion center, Bandung has one of the leading streetwear founded in 2013, namely Asbhoel. A company ideally has stable sales because it shows that the company has the right strategy to maintain sales levels. At Asbhoel, there is a problem of decreasing turnover from 2019 to 2022 due to changes in consumer behavior after the Covid-19 Pandemic. This research was conducted to provide proposed strategy innovation on the problem limitations of the suitable business strategy in dealing with changes in consumer behavior after the Covid-19 Pandemic, which decreased Asbhoel’s turnover. The research method used is qualitative. Data were obtained by exploring literature studies on the development of the fashion industry, streetwear trends in Indonesia, increase in the number and revenue of fashion MSMEs, the contribution of the fashion industry sector to Indonesia’s GDP, business development, and business strategies to increase sales. The data was also obtained from interviews with owners to get sales data for 2019 to 2022 and other analysis-supporting data. The data brought were then analyzed using PESTEL, Porter’s Five Forces, dan Competitor Analysis as an external analysis method to determine environmental conditions outside the company as well as Resource-Based View and Value Chain Analysis as an internal analysis method to determine environmental conditions within the company, which is then processed using TOWS to formulate strategic innovations for UMKM Asbhoel.

Utilization of Blockchain and the Roles of Banks in Indonesia in Tackling Environmental Challenges: A Qualitative Research

/in /by

This dissertation investigates the readiness of the blockchain technology to be utilized in the upcoming Indonesia’s Emissions Trading Scheme, also the roles of banks and digital banks in the ETS using PESTEL analysis. The study found that Indonesia still lacks the infrastructure to implement the blockchain technology, while banks in Indonesia has huge roles in the scheme including preparing the infrastructure. With a large and growing population, Indonesia has the potential to develop the human resources necessary for blockchain development. However, finding skilled programmers remains difficult. The relationship between blockchain and the environment is also examined, with experts debating its potential benefits and drawbacks. In addition, the thesis analyzes Indonesia’s efforts to mitigate and adapt to climate change, including its participation in international agreements and infrastructure improvements. Finally, the thesis considers the role of financial institutions in promoting emissions trading and the challenges they face in doing so. Overall, the thesis highlights the complex and interconnected factors that influence the adoption and development of blockchain technology in Indonesia.