Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2304742
S. Hasnawati
The purpose of the paper is to examine the relationship between dividend policy of the company and the life cycle theory. According to the life cycle theory, the company will pay dividend in the third stage, namely the maturity stage. In the early stage, the company has investment opportunities with high profit potential so that it requires large funds. As a result, dividend payments will be delayed. However, dividend payments remain a matter of debate today because dividend payments will be associated with company value. The theory of dividend policy states that paying dividends will increase firm value, but several research results show that dividend payments are not related to firm value.
{"title":"Life Cycle Theory of Dividend: A Review Literature","authors":"S. Hasnawati","doi":"10.4108/eai.1-10-2020.2304742","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2304742","url":null,"abstract":"The purpose of the paper is to examine the relationship between dividend policy of the company and the life cycle theory. According to the life cycle theory, the company will pay dividend in the third stage, namely the maturity stage. In the early stage, the company has investment opportunities with high profit potential so that it requires large funds. As a result, dividend payments will be delayed. However, dividend payments remain a matter of debate today because dividend payments will be associated with company value. The theory of dividend policy states that paying dividends will increase firm value, but several research results show that dividend payments are not related to firm value.","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127634405","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2304738
Yuniarti Fihartini, R. Helmi, Meydia Hassan, Y. Oesman
Ethical violations are more likely to occur in online transactions compared to face-to-face transactions, and have been trigging negative perception regarding online retail ethic and negative experience of customer. Those are identified as the major problems causing consumers’ hesitance toward taking decision for shopping online. This study is to investigate the effect of consumer perception of online retail ethic on repurchase intention with the affective experience as a mediation variable. An online survey conducted toward customer between 17–40 age and have experience in purchasing product online in Indonesia. The results show that consumer perception of online retail ethic effects affective experience and affective experience effects repurchase intention. Consumer perception of online retail ethic also has direct effects on repurchase intention. Thus, the affective experience partially mediates the effect of consumer perception regarding online retail ethic and repurchase intention.
{"title":"The Mediating Role of Affective Experience to The Effect of Online Retail Ethic on Repurchase Intention: Indonesian Y and Z Generation Perspective","authors":"Yuniarti Fihartini, R. Helmi, Meydia Hassan, Y. Oesman","doi":"10.4108/eai.1-10-2020.2304738","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2304738","url":null,"abstract":"Ethical violations are more likely to occur in online transactions compared to face-to-face transactions, and have been trigging negative perception regarding online retail ethic and negative experience of customer. Those are identified as the major problems causing consumers’ hesitance toward taking decision for shopping online. This study is to investigate the effect of consumer perception of online retail ethic on repurchase intention with the affective experience as a mediation variable. An online survey conducted toward customer between 17–40 age and have experience in purchasing product online in Indonesia. The results show that consumer perception of online retail ethic effects affective experience and affective experience effects repurchase intention. Consumer perception of online retail ethic also has direct effects on repurchase intention. Thus, the affective experience partially mediates the effect of consumer perception regarding online retail ethic and repurchase intention.","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"358 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122736359","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2304707
S. Suyanto, Y. Sugiarti, Olivia Tanaya
. This study examines the technical inefficiency of Indonesian food and beverage firms. It also analyzes the impact of four pivotal determinants on technical inefficiency. The one-step technical efficiency model is applied to calculate the inefficiency scores of a set of unique 1,874 firms. The novelty of this study is on the homogeneity of firms under study and the additional of trade variables in the model. The findings show that the average score of technical inefficiency of Indonesian food and beverage firms is 1.52 percent. The estimation results on the key factors contributing to the inefficiency show that export, import, foreign ownership, and location are important factors in reducing the inefficiency score of firms, respectively.
{"title":"Inefficiency of Indonesian Food and Beverage Firms","authors":"S. Suyanto, Y. Sugiarti, Olivia Tanaya","doi":"10.4108/eai.1-10-2020.2304707","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2304707","url":null,"abstract":". This study examines the technical inefficiency of Indonesian food and beverage firms. It also analyzes the impact of four pivotal determinants on technical inefficiency. The one-step technical efficiency model is applied to calculate the inefficiency scores of a set of unique 1,874 firms. The novelty of this study is on the homogeneity of firms under study and the additional of trade variables in the model. The findings show that the average score of technical inefficiency of Indonesian food and beverage firms is 1.52 percent. The estimation results on the key factors contributing to the inefficiency show that export, import, foreign ownership, and location are important factors in reducing the inefficiency score of firms, respectively.","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133786557","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2304918
M. Indarti, F. Faisal, E. Yuyetta, J. Widiatmoko
. This paper discusses how the corporate governance mechanism determines the opportunistic behavior of management in the form of earnings management practices with real activities manipulation. This study provides benefits to the development of literature by examining the effect of corporate governance mechanisms on real earnings management practices in the manufacturing sector listed on the Indonesia Stock Exchange (IDX) 2016-2018. Using purposive sampling method, 224 data were obtained. Multiple regression analysis use to test hypothesis, and the results showed that the existence of independent commissioner is able to reduce the level of real earnings management. Instead, the existence of audit committee cannot reduce the opportunistic behavior of management. This finding proved the need to strengthen the mechanism of corporate governance through the existence of independent commissioners. Regarding the ownership structure, this study was unable to prove the role of share ownership by institutions and management in reducing real earnings management practices. Stock Exchange. The results showed that the independent commissioner variable had a negative effect on real earnings management. Independent commissioners are able to carry out their functions effectively in ensuring adequate control over management. The three corporate
{"title":"Corporate Governance Mechanisms and Real Earnings Management: Evidence from Indonesia","authors":"M. Indarti, F. Faisal, E. Yuyetta, J. Widiatmoko","doi":"10.4108/eai.1-10-2020.2304918","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2304918","url":null,"abstract":". This paper discusses how the corporate governance mechanism determines the opportunistic behavior of management in the form of earnings management practices with real activities manipulation. This study provides benefits to the development of literature by examining the effect of corporate governance mechanisms on real earnings management practices in the manufacturing sector listed on the Indonesia Stock Exchange (IDX) 2016-2018. Using purposive sampling method, 224 data were obtained. Multiple regression analysis use to test hypothesis, and the results showed that the existence of independent commissioner is able to reduce the level of real earnings management. Instead, the existence of audit committee cannot reduce the opportunistic behavior of management. This finding proved the need to strengthen the mechanism of corporate governance through the existence of independent commissioners. Regarding the ownership structure, this study was unable to prove the role of share ownership by institutions and management in reducing real earnings management practices. Stock Exchange. The results showed that the independent commissioner variable had a negative effect on real earnings management. Independent commissioners are able to carry out their functions effectively in ensuring adequate control over management. The three corporate","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127208370","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2305564
E. Heniwati
Considering that in general stock returns display time-varying volatility, researchers focus on how abnormal returns are calculated because it impacts on how it will be interpreted. This study uses a market model for the GARCH effect to obtain a more efficient estimation result. Using the sample of bank stocks, we empirically investigate how this adjustment impacts the magnitude of the abnormal return associated with the COVID-19 event. The results show that the calculation of abnormal returns taking into account the GARCH effect results in a more widespread than OLS. It suggests that the traditional market model should be sharpened for conditional heteroscedasticity when calculating abnormal returns during the COVID-19 outbreaks.
{"title":"GARCH Effect and Abnormal Returns during COVID-19 Pandemic","authors":"E. Heniwati","doi":"10.4108/eai.1-10-2020.2305564","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2305564","url":null,"abstract":"Considering that in general stock returns display time-varying volatility, researchers focus on how abnormal returns are calculated because it impacts on how it will be interpreted. This study uses a market model for the GARCH effect to obtain a more efficient estimation result. Using the sample of bank stocks, we empirically investigate how this adjustment impacts the magnitude of the abnormal return associated with the COVID-19 event. The results show that the calculation of abnormal returns taking into account the GARCH effect results in a more widespread than OLS. It suggests that the traditional market model should be sharpened for conditional heteroscedasticity when calculating abnormal returns during the COVID-19 outbreaks.","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"112 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123534784","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2305575
Heru Wahyudi, T. Nirmala
: Alloh has threatened to destroy everything related to usury, "Allah Ta'ala destroys usury and fertilizes alms. And Allah Ta'ala does not like everyone who remains in disbelief, and always sins." (QS Al Baqarah: 276). Riba from usury transactions is commonplace in Indonesia. `The research wants to find out the moral message of sharia economics regarding usury and the outbreak of the corona 19 disaster. It is a naturalist research in the form of literary studies of classical interpretations from 7 classical hadith books. The result is that all classical hadiths reveal the connection between usury and various dangers in the form of threats and risks to the world and the hereafter. Riba is a major sin, usury brings the curse of Allah Ta'ala and His Messenger including the Corona Plague, Riba made business sluggish and discourages direct investment. His recommendation is time to eliminate usury.
安拉威胁要摧毁一切与高利贷有关的东西，“安拉摧毁高利贷，使布施肥沃。真主真主不喜欢所有不信教而总是犯罪的人。”(QS Al Baqarah: 276)。高利贷交易的利息在印尼很常见。这项研究希望找出伊斯兰经济学在高利贷和新冠疫情爆发方面的道德信息。这是一种自然主义的研究，以文学研究的形式对7本经典圣训的经典解读进行研究。结果是，所有的经典圣训都揭示了高利贷与各种危险之间的联系，这些危险以对世界和后世的威胁和风险的形式存在。里巴是一种大罪，高利贷带来了阿拉·塔阿拉和他的使者的诅咒，包括冠状瘟疫，里巴使商业不景气，阻碍了直接投资。他的建议是消除高利贷。
{"title":"Riba and the Corona Plague (Sharia Economic Perspective)","authors":"Heru Wahyudi, T. Nirmala","doi":"10.4108/eai.1-10-2020.2305575","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2305575","url":null,"abstract":": Alloh has threatened to destroy everything related to usury, \"Allah Ta'ala destroys usury and fertilizes alms. And Allah Ta'ala does not like everyone who remains in disbelief, and always sins.\" (QS Al Baqarah: 276). Riba from usury transactions is commonplace in Indonesia. `The research wants to find out the moral message of sharia economics regarding usury and the outbreak of the corona 19 disaster. It is a naturalist research in the form of literary studies of classical interpretations from 7 classical hadith books. The result is that all classical hadiths reveal the connection between usury and various dangers in the form of threats and risks to the world and the hereafter. Riba is a major sin, usury brings the curse of Allah Ta'ala and His Messenger including the Corona Plague, Riba made business sluggish and discourages direct investment. His recommendation is time to eliminate usury.","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"63 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129562372","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2305624
Saimul Saimul, A. Darmawan, R. Putri
. The ASEAN Economic Integration guide free flow of services, investment capital, goods, and skilled labor in the region. Highlighting the importance of enhancing intra-regional trade, ASEAN member countries need to diversify several potential sectors within regional offers. Moreover, tax policies among member countries may have contributed to the business cycle and reflect regional integration burdens. This paper ambitions is to address and find a correlation between the intensity of economic/trade integration, tax policies, and business cycle in the form of ASEAN Economic Integration. This paper apply data of real GDP, exchange exports and imports, percentage of tax of GDP, and total trade from five sample ASEAN member countries. The intensity of trade volume with the scheme of economic integration and tax policy changes directly bring impact for business actors. Bringing prosperity and new opportunity for growth engine to the region, the challenge remains to ensure the growth is most-likely inclusive.
{"title":"Explaining Intensity of Trade Integration and Tax Policies Towards ASEAN Economic Integration in an Era of Global Competitiveness","authors":"Saimul Saimul, A. Darmawan, R. Putri","doi":"10.4108/eai.1-10-2020.2305624","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2305624","url":null,"abstract":". The ASEAN Economic Integration guide free flow of services, investment capital, goods, and skilled labor in the region. Highlighting the importance of enhancing intra-regional trade, ASEAN member countries need to diversify several potential sectors within regional offers. Moreover, tax policies among member countries may have contributed to the business cycle and reflect regional integration burdens. This paper ambitions is to address and find a correlation between the intensity of economic/trade integration, tax policies, and business cycle in the form of ASEAN Economic Integration. This paper apply data of real GDP, exchange exports and imports, percentage of tax of GDP, and total trade from five sample ASEAN member countries. The intensity of trade volume with the scheme of economic integration and tax policy changes directly bring impact for business actors. Bringing prosperity and new opportunity for growth engine to the region, the challenge remains to ensure the growth is most-likely inclusive.","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131810930","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2305006
S. Susanto, Prio Utomo, K. Sudiyono
. The use of a digital form mobile application in banking services at PT.ABC, as one of the banking service providers in Indonesia, is not yet popular. In this research, researcher using the TAM-UTAUT models to identify what factors that have a critical influence so that PT. ABC will be able to know what their advantages and disadvantages from digital implementation. Hopefully PT. ABC can optimize services more intensively in their internet banking, so that customers will increasingly believe in the credibility and adaptive ability of banking in this digital era. However, the results obtained also indicate that the technology itself is not a determinant of the successful adoption rate of the use of the digital form mobile application. Thus, it can be concluded that there are other factors outside of technology that affect the acceptance rate of the digital form at PT. ABC itself.
{"title":"Analysis of Factors that Affecting the Acceptance of the Use of Digital Form Mobile Application At Pt. Abc Using Tam Dan Utaut Theoretical model","authors":"S. Susanto, Prio Utomo, K. Sudiyono","doi":"10.4108/eai.1-10-2020.2305006","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2305006","url":null,"abstract":". The use of a digital form mobile application in banking services at PT.ABC, as one of the banking service providers in Indonesia, is not yet popular. In this research, researcher using the TAM-UTAUT models to identify what factors that have a critical influence so that PT. ABC will be able to know what their advantages and disadvantages from digital implementation. Hopefully PT. ABC can optimize services more intensively in their internet banking, so that customers will increasingly believe in the credibility and adaptive ability of banking in this digital era. However, the results obtained also indicate that the technology itself is not a determinant of the successful adoption rate of the use of the digital form mobile application. Thus, it can be concluded that there are other factors outside of technology that affect the acceptance rate of the digital form at PT. ABC itself.","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"11 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116777846","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2305582
Yuztitya Asmaranti, Lindrianasari Lindrianasari, K. Andi, Alvira Chairunnisa
The purpose of this study is to examine whether financial performance affects environmental investment. Furthermore, this study examines whether foreign ownership moderates the financial performance of the environmental investment. This study tries to contribute to the response of mining companies in Indonesia in preserving the environment by investing in the environment. The method used in this study is multiple linear regression. The number of samples of this study is 195, which are mining companies in Indonesia published in 2014-2018. The results of this study indicate that mining companies in Indonesia have a relatively low response in making environmental investments. However, this study indicates that financial performance affects environmental investment and foreign ownership moderates the financial performance of the environmental investment. The implication of this research is the important role of the government to encourage mining companies in Indonesia to invest in the environment.
{"title":"How Does Financial Performance Effect Environmental Investment and How Do Foreign Ownership Moderate It?","authors":"Yuztitya Asmaranti, Lindrianasari Lindrianasari, K. Andi, Alvira Chairunnisa","doi":"10.4108/eai.1-10-2020.2305582","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2305582","url":null,"abstract":"The purpose of this study is to examine whether financial performance affects environmental investment. Furthermore, this study examines whether foreign ownership moderates the financial performance of the environmental investment. This study tries to contribute to the response of mining companies in Indonesia in preserving the environment by investing in the environment. The method used in this study is multiple linear regression. The number of samples of this study is 195, which are mining companies in Indonesia published in 2014-2018. The results of this study indicate that mining companies in Indonesia have a relatively low response in making environmental investments. However, this study indicates that financial performance affects environmental investment and foreign ownership moderates the financial performance of the environmental investment. The implication of this research is the important role of the government to encourage mining companies in Indonesia to invest in the environment.","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124172643","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4108/eai.1-10-2020.2304709
Olivia Tanaya, S. Suyanto
. In this modern world, collecting information becomes easier and quicker. Google Search dominates the market worldwide as an important source of information. Despite the growing researches that try to utilize it as a tool to observe the behavior of population, researches in the commodity market are still rare. This research applies an autoregressive model and Granger causality to explores the relationship between investor attention (captured by Google Trend) and gold. Indonesia has the largest gold mine in the world and there is a growing trend from people to invest in gold especially through digital platforms. The number of people uses Google Search in Indonesia will support the exploration of investor attention. The result shows that when there is a positive return in gold, it will decrease search queries, vice versa. People treat gain and loss differently. In addition, google trend can be used as an instrument to forecast gold return.
{"title":"Googling Gold in Indonesia","authors":"Olivia Tanaya, S. Suyanto","doi":"10.4108/eai.1-10-2020.2304709","DOIUrl":"https://doi.org/10.4108/eai.1-10-2020.2304709","url":null,"abstract":". In this modern world, collecting information becomes easier and quicker. Google Search dominates the market worldwide as an important source of information. Despite the growing researches that try to utilize it as a tool to observe the behavior of population, researches in the commodity market are still rare. This research applies an autoregressive model and Granger causality to explores the relationship between investor attention (captured by Google Trend) and gold. Indonesia has the largest gold mine in the world and there is a growing trend from people to invest in gold especially through digital platforms. The number of people uses Google Search in Indonesia will support the exploration of investor attention. The result shows that when there is a positive return in gold, it will decrease search queries, vice versa. People treat gain and loss differently. In addition, google trend can be used as an instrument to forecast gold return.","PeriodicalId":309797,"journal":{"name":"Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127777715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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