Finance and Banking Journal - Jurnal Keuangan dan ... · PDF filealso attached with the...

Finance and Banking Journal 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

Finance and Banking Journal 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 (Finance and Banking Journal) is published four times a year, in

January, April, July and October.

Focus and Scope Financial Management

(Financial analysis, financial risk analysis,

corporate finance, 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.


Editorial Team

Editor-in-Chief Dr. Sari Yuniarti, SE.,MM., Department of Finance and Banking Faculty of Economics and

Business University of Merdeka Malang, Indonesia

Associate Editor 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 Sugeng Haryanto, SE., MM., Department of Finance and Banking Faculty of Economics and

Business University of Merdeka Malang, Indonesia

Editorial Advisory Prof. Ahmad Erani Yustika, M.Sc, Ph.D. [SCOPUS Author ID: 56070159600]

Department of Economic Development Faculty of Economics and Business University of Brawijaya Malang, Indonesia

1. Prof. Djoko Wintoro,Ph.D. School of Business and Economics University of Prasetiya Mulya Jakarta, Indonesia

Prof. Dr. Izah Mohd Tahir. Faculty of Economics & Management Science University Sultan Zainal Abidin – UniSZA, Malaysia

Prof. Dr. H Imam Ghozali, M.Com., Ak. [SCOPUS Author ID: 55875276500]

Department of Accounting Faculty of Economics and Business University of Diponegoro Semarang, Indonesia

Prof. Kartono Liano, Ph.D. [SCOPUS Author ID: 6603080227]

Department of Finance and Economics Mississippi State University, MS-USA, United States

Prof. Dr. Sugeng Wahyudi, MM. [SCOPUS Author ID: 57189356898]

Department of Management Faculty of Economics and Business University of Diponegoro Semarang, Indonesia

Prof. Supramono MBA.,DBA. Department of Management Faculty of Economics and Business Satya Wacana Christian University Salatiga, Indonesia

Prof. Susumu Ueno, M.B.A., D.B.A. Asia-Pasific Management Accounting Association, Japan

Prof. Dr. R.Wilopo M.Si, Akt. Department of Accounting School of Business Perbanas Surabaya

Drs.Ec. Abdul Mongid, MA, Ph.D. [SCOPUS Author ID: 55496014900]

Department of Accounting School of Business Perbanas Surabaya, Indonesia

Apriani Dorkas Rambu Atahau, SE.,MCom.,Ph.D. [SCOPUS Author ID: 56410852000]

Department of Management, Faculty of Economics and Business, Satya Wacana Christian University, Salatiga, Indonesia

Dezie Leonarda Warganegara, Ph.D. [SCOPUS Author ID: 8675265200]

Department of Finance Faculty of Economics & Communications BINUS University Jakarta, Indonesia


Dr. Eka Handriani,SE.,MM. [SCOPUS Author ID: 57190022037]

Faculty of Economics and Business University of Darul Ulum Islamic Centre Sudirman, Semarang, Indonesia

Dr. Endri, SE.,ME. Magister Management Program University of Mercu Buana Jakarta, Indonesia

Dr. Harmono SE.,M.Si. Department of Management Faculty of Economics and Business University of Merdeka Malang Universitas Merdeka Malang, Indonesia

Dr. Robiyanto Robiyanto, SE.,MM. [SCOPUS ID: 56968203800]

Department of Management, Faculty of Economics and Business, Satya Wacana Christian University, Indonesia

Yanthi Hutagaol, Ph.D Department of Finance Faculty of Economics & Communications BINUS University Jakarta, Indonesia

Zaäfri A. Husodo, Ph.D. [SCOPUS Author ID: 35268824900]

Faculty of Economics and Business Graduate School of Management Universitas Indonesia, 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

Rif’at Pasha,SE. Department of Economic and Monetary Policy Bank Indonesia

Taufik Saleh, SE., M.Si. Department of Monetary Management Bank Indonesia

Administration

Abdul Kadir

Agus Santoso

Agus Tukiyan

Nurzulma Mardina, SH.

Sri Wahyuni,SS.,S.Par.


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


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).


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:

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 team.

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 2002

Dec 2003

Dec 2004

Dec 2005

Dec 2006

Dec 2007

CAR 19,90 22,40 19,40 19,40 23,4 20,48 ROA 1,50 2,00 2,60 3,50 2,35 2,66 BOPO 98,41 94,76 88,10 76,64 81,42 71,16 LDR 33,00 38,20 43,50 50,00 62,27 67,46 NPL Gross 12,10 8,10 8,20 5,80 7,56 4,10

Source: Bank Indonesia (in Investor magazine, 2008) and Infobank June 2008.

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:


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. Finance and Banking Journal 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 team of the Finance and

Banking Journal.

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 (Publication or unpublished).

For authors whose articles have appeared compulsory contribution of at least Rp.

1.000.000 (one million rupiah) and can be transferred in the account of JKP Bank BNI

Number 0504291350 on behalf of Sari Yuniarti. The payment of contributions

carried out before the journal was sent to the address of authors.

For authors is obliged to subscribe to the Journal of Finance and Banking at least 1

year (3rd edition) with a subscription fee: for authors which is located in Java Island

of Rp.500.000,00 (five hundred thousand rupiah), whereas for authors outside of Java

Island Rp.750.000,00 (Seven hundred and fifty thousand rupiah).

Components and Indicator Reviewers Assessment are described in the following

table:

0

1

2

3

4

5

Tahun 1 Tahun 2 Tahun 3 Tahun 4

Giro

Tabungan

Deposito


Component and Indicator of Reviewer Team 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

scope, literature Review)

Up-to-date, originality, relevance of the Topic,

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)


Willing to fill the statement below:

A G R E E M E N T

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 Finance and Banking journal of Merdeka University of

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 Finance and Banking journal of

Merdeka University of Malang.

Willing to revise if it is needed as the evaluation result of Reviewer team 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)


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 videograms), 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, FINANCE AND BANKING JOURNAL Editorial Team 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, FINANCE AND BANKING JOURNAL Editorial Team

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 FINANCE AND BANKING

JOURNAL Editorial Team 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 FINANCE AND BANKING JOURNAL Editorial Team


publication is mentioned as the original source of publication in any printed or electronic

materials.

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 FINANCE AND BANKING

JOURNAL Editorial Team in writing prior to such publication of the intent to do so and to

ensuring that the publication by FINANCE AND BANKING JOURNAL Editorial Team 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 FINANCE AND BANKING JOURNAL Editorial Team against any costs, expenses or

damages for which FINANCE AND BANKING JOURNAL Editorial Team 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 FINANCE AND BANKING

JOURNAL Editorial Team upon signature.

FINANCE AND BANKING JOURNAL Editorial Team 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

[email protected]

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