The objective of this study aims to comprehend and portray the management opinions of the three Public Service Board (PSB) universities in Indonesia dealing with the good university income generating governance. Furthermore, this study applies epistemological subjectivism, interpretivism paradigm with multi-site design. The findings were analyzed using agency theory perspective. Therefore, the finding results show that the principles of good university income generating governance is law-abiding, academic oriented, accountable, professional, independent and transparent. The emergence of the principle of law-abiding indicate hierarchical relations agency that is purely between the government and the universities in income generation. The principle of academic orientation, accountability, independence and autonomy suggests that the goal synergy of both principal and the agent are the essence of agency relationship. Meanwhile, the professionalism demonstrated that the agent fully realizes which the principal requires certain tasks to be implemented by the agents because agents have the skills required. Yet, independence gained through wide autonomy both on academic as well as non-academic matters. The principle of transparency demonstrates the importance of the information factor in agency relationship. Agent transparency is necessary for the principal due to the difficulty in obtaining information dealing with the headway of the agent itself.

Penelitian ini bertujuan untuk mengetahui kondisi struktur modal, firm size dan profitabilitas pada perusahaan sektor properti dan real estate yang listing di BEI periode 2012-2014. Serta untuk mengetahui pengaruh struktur modal terhadap profitabilitas yang dimoderasi oleh firm size. Populasi penelitian ini ialah 45 perusahaan sektor properti dan real estate yang listing di BEI 2012-2014. Sampel yang diambil sebanyak 36 perusahaan dengan teknik pengambilan sampel purposive sampling. Teknik analisis yang digunakan dalam penelitian ini adalah regresi linear sederhana dan regresi moderasi menggunakan uji interaksi. Hasil dari penelitian ini menunjukkan bahwa struktur modal berpengaruh positif signifikan terhadap profitabilitas dan firm size tidak memoderasi pengaruh struktur modal terhadap profitabilitas.

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Purpose: The objective of this study is to decide whether the profitability of small banks is shaped by bank-specific and macro economic factors including liquid ratio, loan to deposits ratio, deposit to assets ratio, capital adequacy ratio, firm size, GDP growth, and inflation.Method: The sample selected using purposive sampling technique as many as 77 units of analysis consisting of 42 banks in the BUKU 1 category and 35 banks in the BUKU 2 category registered with OJK since 2014-2019. After eliminated the outlier data, there were 413 observations as panel data. The analytical method used in this study is the regression panel fixed effect model and random effect model.Findings: The results indicate that liquidity and loan to deposit ratio positively affects small banks profitability in Indonesia. Meanwhile, size, deposit to asset ratio, capital adequacy ratio, and GDP growth negatively affects profitability. Nevertheless, inflation does not affect profitability. This study mention that small bank’s managers need to deal with and take notice to the bank operational well i.e liquidity and loan to deposit ratio.Novelty: This research investigates the outcome of bank-specific and macro economic factors on profitability in small banks period 2014-2019. The earlier research only check-out those variables solely and spotlight on distinctive samples and distinctive period. This study has implication for banking sector especially for small bank to pay more attention, strengthen, and maintain the exis- tence of their business through several ways, increasing and optimizing the level of equities owned to make assets increase and the cost of the funding structure becomes optimal.

The sustainability of syariah microfinance institution depends on the organization it professionally, and the strategic implementation comprehensively in positioning BMT (Baitul Maal wa Tamwil) as one of microfinance intermediary institution. The BMT’s existence created positive public image to participate in  developing BMT and improving people wealth broadly. Optimism toward BMT’s prospect is a main capital in developing BMT concept not only  as a development agent, but also as a profit institution who financing of small business enterprise actively. The aim of this research is : 1)to identified and analyst BMT’s model  which can develop the potential of small business enterprise; 2) to describe BMT’s effort to develop potency of small business enterprise.The  result of this research is that BMT development strategy tend to financial viability oriented, institutional soundness oriented and social effect oriented. These strategy must be supported by ability of fiqh and economic analysis and enough resources. Internally, institutional soundness toward financial management  and managerial aspect must be increased by BMT to make small business financing efficiently.

The influence of diversification decisions is still debated in several studies. Some studies highlight the positive impact of diversification on company performance. On the other hand, diversification has also been considered to have a negative impact on companies. The negative impacts from diversification activities are often referred to as the dark side of diversification. This study examines the impact of income diversification, non-interest income diversification, bank size, loan proportion, and non-performing loans on bank performance. Income diversification and non-interest income diversification were tested at the same time. Forty-one Indonesian banks were examined for the period 2012-2017. The period was considered to be challenging for banks in Indonesia because of a fluctuating economic situation. This study found that income diversification, non-interest income diversification, and non-performing loans negatively influenced bank performance. Bank size had a positive effect on bank performance and loan proportions were not proven to have any effect on bank performance.

information content test that aims to see the market reaction to an event only focuses on the presence or the absence of abnormal return. therefore, it is necessary to test the information content based on trading volume as an alternative to the existing method. this research tried to test information content of bonus share announcements in indonesia stock exchange (Bei). the objectives of this study are to describe the abnormal trading volume activity, test the market reaction to the bonus shares announcements, and determine whether there are differences between AtvA before and after the bonus shares announcements. this research used AtvA analysis method. the sample size used in this research was 33 bonus shares announcement events in Bei in 2006-2017. there was a downtrend of bonus share distribution, and this is because the company considered not to distribute bonus shares at a certain time. Market reacted to bonus share announcement as shown by AtvA in t-1 with significance value of 0,048. This reaction indicates a possibility of information leakage regarding bonus share distribution. there is significant difference of ATVA between before and after bonus share announcements with significance value 0,069. There was a decrease in ATVA after the bonus shares announcements. the decrease in AtvA happened due to the investors' strategy to hold their shares until the cumdate period ended.

The purpose of this study is to determine the financial performance of Perum Jasa Tirta I Malang-East Java for the period 2009-2018. This type of research used in this study is a description and the method used to measure financial performance is one of the methods of financial statement analysis. The financial statement analysis method involves several financial ratios namely liquidity ratios, leverage, activity and profitability and is measured based quantitatively data. The results showed that: Information on financial performance is needed in maintaining the company's existence; this is evident from the results Financial performance of Perum Jasa Tirta I, as seen from profitability ratios and leverage ratios, showed excellent performance even though profitability ratios and activity ratios are known to be in poor condition.