This study aims to first analyze the inhibiting factors for cross-border asset recovery and, second, analyze the solutions to any barriers to cross-border asset recovery.
Abstract
Purpose
This study aims to first analyze the inhibiting factors for cross-border asset recovery and, second, analyze the solutions to any barriers to cross-border asset recovery.
Design/methodology/approach
This study was normative legal research with legal materials collected by document studies and literature studies. This study used a statute approach and a conceptual approach
Findings
First, the inhibiting factors for cross-border asset recovery are regulation-related issues, lack of mutual legal assistance and extradition treaties, differences in legal systems and the interests of the country, where the assets are placed. Second, the solutions to the barriers to cross-border asset recovery are regulatory reforms and diplomacy strengthening.
Research limitations/implications
This study found some barriers and solutions to cross-border asset recovery. These can provide inspirations for subsequent studies to be reviewed in more depth.
Practical implications
This study will be very useful for the Indonesian Government to formulate effective and efficient policies related to cross-border asset recovery.
Social implications
With effective and efficient policies related to cross-border asset recovery, it can prevent criminals from hiding their criminal assets abroad.
Originality/value
To the best of the author’s knowledge, until now, there has been no study that comprehensively discloses the barriers and solutions related to the failure of the Indonesian Government to conduct cross-border asset recovery. Therefore, it is expected that this study will be very useful for the Indonesian Government and other researchers to conduct further studies on this issue.
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Muhammad Fazlurrahman Syarif and Ahmet Faruk Aysan
This study aims to understand the practices and rules of Sharia crowdfunding policies in Indonesia given the rapid growth of financial technology and the increasing importance of…
Abstract
Purpose
This study aims to understand the practices and rules of Sharia crowdfunding policies in Indonesia given the rapid growth of financial technology and the increasing importance of crowdfunding as a funding alternative for micro, small, and medium enterprises (MSMEs).
Design/methodology/approach
This study used qualitative methods, exploratory methods and literature studies for data collection. The focus is on understanding the regulatory environment and institutional framework that support Sharia crowdfunding in Indonesia.
Findings
Despite a specific law regulating Sharia crowdfunding, several authoritative institutions in Indonesia offer FinTech, crowdfunding and Sharia crowdfunding services. Some regulations have been issued, such as Bank Indonesia Regulation Number 19/12/PBI/2017 and Financial Services Authority (OJK) Regulation Number 37/POJK.04/2018, which was later amended to Number 57/POJK.04/2020. This study emphasizes the crucial role of OJK in providing security guarantees for implementing FinTech, including crowdfunding. At the same time, Sharia crowdfunding also follows fatwas issued by DSN-MUI.
Research limitations/implications
This study describes Sharia crowdfunding policies in Indonesia and indicates that further research could delve deeper into specific cases and examine the impact of these policies on the growth and sustainability of Sharia crowdfunding.
Practical implications
This study underlines the need to enhance Sharia crowdfunding standards and to create rules that explicitly address this issue. This has implications for regulatory authorities, FinTech companies and MSMEs seeking to leverage Sharia crowdfunding.
Social implications
This study suggests potential social implications, including a more inclusive financial system that complies with Islamic principles and supports MSMEs' growth.
Originality/value
This study is unique in its focus on Sharia crowdfunding policies in Indonesia, providing a comprehensive view of the regulatory landscape and existing institutional framework.
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Grace Wibowo and Brian H. Kleiner
This article deals with what a Chief Executive Officer (CEO) actually does in the company. The purpose is to describe CEOs, illustrate the CEOs’ duties, and provide a conclusion…
Abstract
This article deals with what a Chief Executive Officer (CEO) actually does in the company. The purpose is to describe CEOs, illustrate the CEOs’ duties, and provide a conclusion. This article was made by gathering information from books and articles about CEOs and their duties. The scope of this article is demonstrated in three sections. First, this article gives a description about CEOs in terms of definition and who can be classified as CEOs, nature of the work in terms of a CEOs’ responsibilities, working conditions in terms of at the office, at work, and the job’s consequences categories, employment, qualifications and advancement, job outlook, and earnings in terms of a CEOs’ annual earnings and compensation. Second, this article explains the duties of CEOs. There are four duties a CEO has: setting strategy and vision, building culture, building good teamwork, and allocating capital. This article also provides the measurement for CEOs’ duties so the CEO can measure his or her performance on each duty in order to do his or her job better in the future. Finally, the conclusion is made based on the explanation in the previous major subjects: the description and the duties of a CEO.
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Anne Kathleen Lopes da Rocha, Gustavo Hermínio Salati Marcondes de Moraes and Bruno Fischer
The purpose of this study is to evaluate the microfoundations of student entrepreneurship, a cornerstone of innovation ecosystems. To this end, this paper assesses how perceived…
Abstract
Purpose
The purpose of this study is to evaluate the microfoundations of student entrepreneurship, a cornerstone of innovation ecosystems. To this end, this paper assesses how perceived university support for entrepreneurship influences entrepreneurial characteristics and intentions in students enrolled at Amazonas and São Paulo State Universities.
Design/methodology/approach
A quantitative approach based on multivariate data analysis using confirmatory factor analysis and structural equation modeling was applied to a sample of 420 respondents.
Findings
Results indicate that the university environment positively influences entrepreneurial behavior and intention in students. Nonetheless, further integration between academia and external dimensions of the ecosystems is necessary to drive more intense entrepreneurial activity in students. The educational contexts of Amazonas and São Paulo present significant differences in the relationship between entrepreneurial characteristics and entrepreneurial intention with a stronger influence found for Amazonas. This finding suggests a relative lack of propensity of students from São Paulo to engage in entrepreneurial venturing.
Research limitations/implications
The main limitations involve the use of non-probabilistic sampling procedures and students’ heterogeneity in terms of academic seniority.
Practical implications
This research offers guidance for policies targeting the generation of entrepreneurial activity in universities embedded in developing countries’ innovation ecosystems and facing distinct levels of socioeconomic development.
Originality/value
This research presents a novel analysis of the microfoundations driving student entrepreneurship within different educational contexts in a developing country. Results highlight the necessary conditions for universities to foster entrepreneurial activity and, incidentally, feed innovation ecosystems with entrepreneurial talent.
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Mas Wahyu Wibowo, Dudi Permana, Ali Hanafiah, Fauziah Sh Ahmad and Hiram Ting
The purpose of this paper is to introduce the variable of halal food knowledge (HFK) into the theory of planned behavior framework to investigate Malaysian non-Muslim consumers’…
Abstract
Purpose
The purpose of this paper is to introduce the variable of halal food knowledge (HFK) into the theory of planned behavior framework to investigate Malaysian non-Muslim consumers’ decision-making process in purchasing halal food.
Design/methodology/approach
Data were collected through 350 distributed questionnaires toward non-Muslim consumers on five most visited grocery stores (hypermarket-based) in Kuala Lumpur and Selangor. The collected data was analyzed by using Statistical Package for Social Sciences and SmartPLS.
Findings
Purchasing halal food remain an uneasy task for the non-Muslim consumers, thus rely on their personal evaluation and closest relative’s approval.
Research limitations/implications
This study is focusing only on two halal food credence attributes namely health attribute and animal-friendly attributes.
Practical implications
Both health and animal friendly credence attributes of halal food should be the main message to be conveyed to the non-Muslim consumers. In addition, the inclusion of non-Muslim consumers within the Malaysian halal ecosystem might provide a solution to tackle the resistance of halal food from foreign countries.
Originality/value
The value of this study is the finding of halal food credence attributes of health and animal friendly, which are the dimensions of HFK.
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Suharno Suharno, Fatihul Ihsan, Dwi Aris Himawanto, Nugroho Agung Pambudi and Reza Rizkiana
The study aimed to measure the perception of prospective vocational education (VE) students in Indonesia toward the sustainable development of VE. Additionally, it sought to…
Abstract
Purpose
The study aimed to measure the perception of prospective vocational education (VE) students in Indonesia toward the sustainable development of VE. Additionally, it sought to evaluate the implications of these perceptions for improving the quality of VE and preparing superior human resources to meet future demands.
Design/methodology/approach
This research employed a quantitative approach, utilizing descriptive statistical analysis, Top Two Boxes (T2B) and independent sample t-tests. Data were collected via an online questionnaire distributed through Google Forms to 394 prospective VE students from 23 provinces across Indonesia. The gender distribution of the respondents was 61% male and 39% female.
Findings
The analysis revealed that prospective VE students had a high perception of the sustainable development of VE, with a T2B value of 92.2%. This perception was significantly influenced by the presence of appropriate government regulations. Furthermore, the study noted an increase in the community’s trust in VE, as reflected in the growing ratio of vocational to general education, which shifted from 30%:70% in 2008 to 52%:48% in 2023.
Practical implications
Despite the positive perceptions, challenges persist in recruiting vocational teachers proportionally. Currently, only 5% of vocational teachers are appointed as government employees, which may affect the quality and relevance of vocational school graduates. To address this issue, the government must allocate adequate budgetary resources for recruiting and appointing vocational teachers. This step is essential to ensure sustainable growth and further enhance public trust in VE.
Originality/value
This research provides valuable insights into the perceptions of prospective VE students in Indonesia regarding the sustainable development of VE. By identifying key factors influencing these perceptions, such as government regulations, and highlighting existing challenges, the study contributes to the ongoing discourse on improving VE quality and aligning it with future demands.
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This paper aims to problematize existing conceptualization of corruption by presenting alternative perspectives on corruption in Indonesia through the lens of national/cultural…
Abstract
Purpose
This paper aims to problematize existing conceptualization of corruption by presenting alternative perspectives on corruption in Indonesia through the lens of national/cultural identity, amidst claims of the pervasiveness of corruption in the country. In so doing, the paper also sheds light on the micro-processes of interactions between global and local discourses in postcolonial settings.
Design/methodology/approach
The study applies discourse analysis, involving in-depth interviews with 40 informants from the business sector, government institutions and anti-corruption agencies.
Findings
The findings suggest that corruption helps government function, preserves livelihoods of the marginalized segments of societies and maintains social obligations/relations. These alternative meanings of corruption persist despite often seen as less legitimate due to effects of colonial powers.
Research limitations/implications
The snowballing method of recruiting informants is one of the limitations of this paper, which may decrease the potential diversity and lead to the silencing of different stories (Schwartz-Shea and Yanow, 2013). Researchers need to contextualize corruption and study its varied meanings to reveal its social, historical and political dimensions.
Practical implications
This paper strongly suggests that we need to move beyond rationalist accounts to capture the varied meanings of corruption which may be useful to explain the limited results of existing anti-corruption efforts.
Social implications
This study calls for a greater use of qualitative methods to study broad social change programs such as anti-corruption from the perspective of the insiders.
Originality/value
This paper contributes to the discussion of agency at the interplay between the dominant and alternative discourses in postcolonial settings. Moreover, the alternative meanings of corruption embedded in constructions of national identity and care ethics discussed in this paper offer as a starting point for decolonizing (Westwood, 2006) anti-corruption theory and practice.
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Permana Ari Soejarwo, Fikri Zul Fahmi and Djoko Santoso Abi Suroso
This paper aims to explore the extent to which risk communication has been implemented into spatial planning practice in Indonesia by using the coastal area of Subang Regency as a…
Abstract
Purpose
This paper aims to explore the extent to which risk communication has been implemented into spatial planning practice in Indonesia by using the coastal area of Subang Regency as a case study. Risk communication in risk-based planning (RBP) is the process of exchanging information about risk and hazards between all actors which emphasizes determining the level of risk acceptance of communities to support appropriate decision making in spatial planning. It has been proven effective in developed countries, but it remains unclear in Indonesia.
Design/methodology/approach
The study uses qualitative methods by analyzing documents and interviews with local stakeholders to explain how risk communication is implemented in RBP at the regency level.
Findings
This study reveals that risk communication is not explicitly incorporated into RBP regulations and impacts its practices. The absence of a clear definition and guidelines in regulations is leading to limited understanding at all government levels. The emphasis on community risk acceptance levels as the core of risk communication in RBP has not been conducted, where the existing focus is still majorly on disaster events. This has led to improper spatial planning decisions.
Practical implications
Incorporating risk communication in RBP is important in spatial planning practice in Indonesia. Without effective community engagement, clear definition and guidelines on community’s acceptable risk levels, spatial planning efforts may not align with local needs, leading to social conflicts and hindering appropriate spatial planning. For instance, land use policy for community that is willing to tolerate the risk should be permitted with specified consideration instead of offering relocation options that potentially lead to social unrest by conflicting with their social, economic and cultural. Integrating risk communication into RBP can result in a more adaptive and appropriate spatial planning decisions.
Originality/value
This study offers a novel exploration of risk communication which is important to be integrated into the RBP in a locality in Indonesia, focusing on both regulatory factors and practices to support appropriate decision making in spatial planning. This paper is important because study on risk communication in RBP in Indonesia is still scarce.
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Rahmat Aris Pratomo, Zumrotul Islamiah and Bimario Eka Bhaskara
The potential for massive economic growth exists in Samarinda City due to the intensification of activities in built-up areas. This suggests the potential for increased urban…
Abstract
Purpose
The potential for massive economic growth exists in Samarinda City due to the intensification of activities in built-up areas. This suggests the potential for increased urban disease in the relocation of Indonesia’s new capital city to a location adjacent to Samarinda. One of the most striking impacts is the urban heat island (UHI). The increase in this phenomenon can be addressed effectively and efficiently through the provision and arrangement of appropriate vegetation-based actions. Therefore, this study aims to identify priority areas of green open space (GOS) based on UHI levels. In addition, this study also aims to present alternative mitigation measures to reduce the risk of disasters due to UHI.
Design/methodology/approach
A mixed-method approach was used in this research, involving an initial land surface temperature analysis to identify the UHI class. This analysis was complemented by quantitative spatial analyses, such as scoring, overlay and intersect methods, to determine the priority level class and the typology of GOS priority. A qualitative analysis was also conducted through data triangulation or comparison methods, such as examining existing land use, GOS priority maps and spatial plan policies.
Findings
The findings show that the total UHI area in Samarinda City was 6,936.4 ha in 2019 and is divided into three classifications. In Class 1, the UHI area is very dominant, reaching 87% of the total area. Meanwhile, the main results identified two priority classes of GOS in Samarinda, namely, the medium and high categories with an area of 960.43 ha and 113.57 ha, respectively. The results also showed that there were 17 typologies associated with five alternative mitigation measures: green industry, greening parking lots, improving urban green infrastructure and buildings, urban greening and mining restoration.
Research limitations/implications
Specific to assessing UHI, image data were available only in medium spatial resolution, leading to a consequence of detailed accuracy. In addition, since the determination of mitigation considered local policies, the method should be used in other locations requiring adjustments to existing regulations, specifically those related to spatial planning.
Originality/value
This study makes a significant contribution to the understanding of the UHI phenomenon in Indonesia, especially in the urban areas of Kalimantan Island. In addition, the study presents new insights into alternative mitigation actions to reduce the risk of UHI. Innovatively, this study introduces a typology of regions associated with appropriate alternative mitigation actions, making it an important achievement for the first time in the context of this study.
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Jiho Kim, Youngjun Jang, Wongyeom Seo and Hongchul Lee
Information filtering systems serve as robust tools in the ongoing difficulties associated with overwhelming volumes of data. With constant generation and accumulation of reviews…
Abstract
Purpose
Information filtering systems serve as robust tools in the ongoing difficulties associated with overwhelming volumes of data. With constant generation and accumulation of reviews in online communities, the ability to distill and provide valuable insights to assist customers in their search for relevant information is of considerable significance. This study devised an effective review filtering system for a popular online physical experience review site.
Design/methodology/approach
This study entailed an investigation of a hybrid approach for a review filtering system augmented with various text mining-based operational variables to extract the linguistic signals of online reviews. Moreover, we devised three ensemble models based on multiple machine learning and deep learning algorithms to build a high-performance review filtering system.
Findings
The main findings confirm the effectiveness of using the derived operational variables when reviewing filtering systems. We found that the reviewer’s tendency and history macros, as well as the readability and sentiment of the reviews, contribute significantly to the filtering performance. Furthermore, the proposed three ensemble frameworks demonstrated good efficiency with an average accuracy of 89.39%.
Originality/value
This study provides a methodological blueprint for operationalizing variables in online reviews, covering both structured and unstructured datasets. Incorporating different variables enhances the efficiency of the algorithm and provides a more comprehensive understanding of user-generated content. Furthermore, the study affords a strategic perspective and integrated guidelines for developers seeking to create advanced review filtering systems.