This research objective is to observe the influences of good corporate governance, analyst coverage, company life cycle, investment opportunities set, size, and profitability towards the dividend policy. This study employs the corporate data from Indonesian Stock Exchange during 2005-2008 and weighted least square methods. The latest sample is 279 years of observation. The result shows that only life cycle stage of the company and its profitability are influential towards the dividend policy. The findings show that the relationship between the good corporate governance is consistent with the hypothesis but not significant.

This research examines the effect of ownership structure and good corporate governance on firm performance. The research variables used were foreign ownership, institutional ownership, government ownership, size of the board of commissioners, and size of non-financial sector companies on the Indonesia Stock Exchange throughout 2013-2017. This study deployed a quantitative approach through multiple linear regression analysis, with a total sample of 1,650 observations. The research findings were foreign ownership, government ownership; board commissioner size had a significant positive effect on firm performance while institutional ownership and firm size had a significant negative effect on firm performance.

This study aims to analyze the effect of working capital management on the profitability of companies in Indonesia and Philippines. This study uses secondary data from companies listed in Indonesia Stock Exchange and Philippines Stock Exchange in the 2014-2018 period.  The sample used in this study includes manufacturing sector companies listed in Indonesia Stock Exchange and Philippines Stock Exchange in that period. This research uses multiple linear regression method. Working capital is measured using cash conversion cycle, accounts receivable conversion period, inventories conversion period, and accounts payable deferral period. The results of the Indonesian sample show that the cash conversion cycle and its components, namely the accounts receivable conversion period, the inventories conversion period, and the accounts payable deferral period have a significant positive effect on firm profitability. For the Philippine sample, the result of the study show that the cash conversion cycle and its components does not have a significant effect on firm profitability. Keywords: cash conversion cycle, accounts receivable conversion period, inventories conversion period, accounts payable deferral period

This study aims to analyze the effect of corporate governance on transparency as measured by stock return synchronicity. The variables used are board size (commissioner), big4 audit, institutional ownership, market to book, the volatility of firm fundamentals, leverage, and firm size. This study uses a quantitative approach with multiple linear analysis models. This study uses a sample of non-financial business entities listed on the Indonesia Stock Exchange (BEI). The number of samples used in this study was 198 observations. The results showed that the variable board size (commissioner), institutional ownership, and leverage had a positive effect on transparency, and the implied volatility of the firm hurt transparency. Other variables such as big4 audit, market to book ratio, and firm size do not affect transparency.

This study aims to test the Fama & French Five-Factor Model (5FF) and the Three-Factor Model (3FF) on stocks listed in the LQ-45 Index over the 2013-2015 periods. The 5FF model includes factors of market risk premium, size, book-to-market equity, profitability, and investment. This study used a multiple linier regression analysis model in the form of panel data for the entire portfolio and each formed portfolio. The number of observations in this study was 648 consisting of 18 portfolios over the period of January 2013 -December 2015. The research findings were similar to Fama and French research (2014) that is market risk premiere has significant effect on return. Profitability has a positive effect but not significant on return. Size and investment have a significant negative effect on return. The difference in yield lies in the profitability factor, whose effect is not significant on return.

Artikel ini meneliti teori Pecking Order selama periode ketidakpastian tinggi dan ketidakpastian rendah di Indonesia. Hasil menunjukan selama periode ketidakpastian tinggi (dari 1997 sampai 2000), beberapa variabel seperti dividend yield, profitabilitas, sales growth dan total assets growth merupakan faktor penting keputusan pendanaan. Selain variabel diatas, ditemukan bahwa intensitas modal juga berpengaruh terhadap pendanaan selama periode ketidakpastian rendah (dari 2001 sampai 2004). Hasil penelitian mengkonfirmasikan ramalan dari hipotesis Pecking Order

Throughout the year of 2020 and 2021, the country of Indonesia is faced with the economic crisis situation caused by the COVID-19 pandemic. The Indonesian goverment has conducted various new up-to-date regulations throughout time accordingly to the latest conditions of the public health in order to prevent the further spread of COVID-19 pandemic, while trying to keep the national economy balanced. X company is one of private costruction builder sector in Indonesia that is impacted by the COVID-19 pandemic. This research is aimed to explore how the COVID-19 pandemic impacts the private construction builder company on the focal of the crisis nowadays, and how the strategic management and crisis management responds in reality from a private construction builder to face the pandemic crisis. The data on this exploratory qualitative research is obtained through direct interviews in X company head office in Surabaya. Four informants are chosen based on the authorization of the management, also from human resource, planning and estimation, health and safety departments. Analysing this qualitative research is done through open coding, axial coding, and selective coding processes. This research found that private construction builder sector is affected negatively in terms of financial, operational, and employee aspects caused by the COVID-19 pandemic, and the dynamic changes of government regulations. The X company management decided to implement various short term strategies consists of retrenchment, persevering, and innovating methods in order to survive during the pandemic crisis.

The first coronavirus (Covid-19) case was reported in China at the end of 2019. While the Republic of Indonesia's President reported the first Covid-19 case in Indonesia on March 2, 2020March 2, (www.who.int, 2021. The Covid-19 pandemic has the potential to disrupt global economic activities, and in fact, it has disrupted all countries worldwide, including Indonesia. In Q2 and Q3 of 2020, Indonesia experienced negative economic growth of 5.32% and -3.49%, respectively (World Bank, 2020). This condition can affect the investment funds, especially for investments in risky assets such as stock instruments traded on the capital market. However, the impact experienced by individual investors varies according to the investor behavior in taking risks (investor risk-taking behavior).Recent studies in financial behavior show that investor perception can indicate their investment decisions (Hoffmann, Post, & Pennings, 2013). Study in America and Europe in 2008-2009 shows investor's investment decisions during the economic crisis have a different pattern (Hoffmann et al., 2013). Overall, during the economic crisis, investors continue to trade stocks actively and do not reduce the risk of investment portfolios during the crisis because investors use the crisis as an excellent opportunity to enter the stock market.Investor's willingness to accept risk is generally determined by personal characteristics and risk-facing behavior, like decisions taken by an individual throughout his life (Istanbul, Yurttadur, & Ozcelik, 2019). The characteristics of investors in this study include gender, age, family status, education, type and length