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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang&#13;
Effect of CEO Compensation on Corporate Tax Avoidance and Role of Audit Quality as Moderation Variable</text>
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                <text>This research aims to investigate the influence of CEO Compensation on Corporate Tax Avoidance (CTA) and examine the role of Audit Quality (AQ) as a moderating variable that can increase the influence of CEO compensation on CTA. This study employed quantitative research by moderated regression analysis (MRA) with the STATA program, &#13;
and this method used the annual report of firms listed on the Indonesian stock exchange from the 2018-2020 period with a sample of 195 firms. The results showed that CEO compensation influences CTA as measured by DER. That is, the higher CEO &#13;
compensation made the company can improve CTA. The results of this research also show that Audit Quality (AQ) as a moderation variable is proven empirically able to decrease the influence of CEO compensation on CTA. </text>
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                <text>Kadarisman Hidayat</text>
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                <text>DOI: 10.26905/jkdp.v26i4.8705:</text>
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                <text>Sri Wahyuni</text>
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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang</text>
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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang&#13;
The Determinants of Financial Distress in Emerging Country: Empirical Evidence from Indonesia</text>
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                <text>This research strives to foresee corporate financial distress by applying three different perspectives that cover firms’ internal and external conditions namely accounting-based, market-based and macroeconomic models. Financially distressed and non-distressed corporations are analyzed using binomial logistic regression. Seven different models are employed to observe the effects of ten independent variables on financial distress, as well &#13;
as to predict more accurately the possibility of firms defaulting. By exploring 257 public corporations listed on the Indonesia Stock Exchange over 10 years and utilizing 2,570 observations, the main finding suggests that when the accounting, market, and macroeconomic models are combined, it provides a better understanding of corporate &#13;
failure than either model. Moreover, the results also indicate five factors that significantly determine the likelihood of a company’s financial distress: liquidity, profitability, asset productivity, market capitalization, and leverage. Accordingly, companies should keep a close watch on their accounting ratios and market indicators carefully to avoid bankruptcy. This research contributes to the finance and economic literature by paving the way for the development of an alternative perspective for predicting corporate failure in emerging &#13;
markets.</text>
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                <text>Rathria Arrina Rachman</text>
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                <text>DOI : 10.26905/jkdp.v26i4.7891D</text>
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                <text>Sri Wahyuni</text>
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                <text>ISSN: 2443-2687 (Online) ISSN: 1410-8089 (Print)</text>
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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang&#13;
Can Foreign Ownership Moderate the Relationship Corporate Social Responsibility and Financial Performance?</text>
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            <name>Subject</name>
            <description>The topic of the resource</description>
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                <text>corporate social responsibility; financial performance; foreign ownership</text>
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                <text>COVID-19 is a global health pandemic that is currently sweeping the world and had huge impact on the world economy. Currently, all countries, including Indonesia, are paying attention to how the development of this pandemic is, as evidenced by the many media that inform the development of the pandemic and the response given by the government in overcoming it. This study was conducted with the aim of investigating how the influence provided by government information and policies related to COVID-19 on returns and stock volatility in Indonesia. Empirical findings from this study show that information on the COVID-19 pandemic (GSVI Covid), the number of positive cases, death rates, and the government tightening index during the pandemic, seem to have a negative effect on stock returns and vice versa have a positive effect on volatility. Meanwhile, with the information on the COVID-19 vaccine (GSVI Vaksin), fiscal policy in the form of growth in government spending, as well as monetary policy in the form of growth in the money supply is said to &#13;
have a positive influence on stock returns, as well as reduce excessive volatility in the market.</text>
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                <text>Yenni Vera Fibriyanti, Ari Kuncara Widagdo</text>
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                <text>DOI: 10.26905/jkdp/v26i4.8968</text>
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                <text>Sri Wahyuni</text>
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                <text>ISSN: 2443-2687 (Online) ISSN: 1410-8089 (Print)</text>
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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang&#13;
Dynamics Analysis of Credit Transmission on Foreign Bank Penetration in Indonesia</text>
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                <text>foreign bank, monetary policy, credit channel, Pool Mean Group</text>
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                <text>Studies explore mode penetration bank foreign in transmission credit channel in Indonesia. ARDL-PMG is used for analyzing Office Bank branch Foreign (FOB) and Foreign Acquired Banks (FAB) on data panel bank-level, using the BI-7DR Days Reverse-repo rate and JIBR as monetary policy indicators. This study uses data on individual banks classified as FBO and FAB in Indonesia. The use of the ARDL-PMG model as an alternative to solve dynamic heterogeneous panels on credit channel problems in Indonesia. The main finding of this &#13;
study proves that FBO and FAB show different credit channel transmission mechanisms in response to monetary policy. Studies also show that monetary policy contraction significantly impact towards FBO and FAB in Indonesia in the long-run. This studies due to the characteristics of Foreign Bank Branch Offices that are risk averse and have higher liquidity and Foreign Acquired Banks with higher capitalization. This characteristic causes &#13;
the impact of contractionary monetary policy insignificant on FBO credit growth and FAB. The research has implications for financial and banking authorities to improve supervision over credit transmission at FBO and FAB due to differences in credit channel transmission mechanisms in response to monetary policy</text>
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                <text>Mahjus Ekananda</text>
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                <text>DOI: 10.26905/jkp.v26i4.8829</text>
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The Time Horizon Of Corporate Governance Effect On Firm Performance: A Study Of Indonesia Financial Industry Firms</text>
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The Effect of COVID-19, Commodity Prices, and Exchange Rate on Indonesian Stock Market</text>
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                <text>This research was motivated by the growth of the Indonesian stock market even though the number of COVID-19 cases continued to increase significantly as well as the movement of other factors that might affect the performance of the stock market. The purpose of this study is to examine the impact of the pandemic on stock market performance, focusing on Arbitrage Pricing Theory (APT), Signaling Theory and the behavioral influence of sentiment due to COVID-19. Using a data set of 35 issuers in LQ45 during the period &#13;
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                <text>Sri Wahyuni</text>
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Does CSR increase cost stickiness?</text>
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                <text>The purpose of this study is to provide evidence of corporate social responsibility (CSR) commitment and cost stickiness. Cost stickiness is an asymmetric cost behavior in which the rate of increase in cost with increasing activity tends to be greater than the rate of decrease in cost with decreasing activity. The pattern of cost change depends not only on the scale of activity, but also on the direction of change. The research hypothesis states that CSR efforts require long-term commitment to corporate value-adding activities, and that constrained resources are difficult to curb immediately. The survey uses employee benefits and donations as a proxy for her CSR. The survey sampled is Indonesian manufacturing companies with observation years from 2017 to 2020. Research has shown that there is cost containment in selling, general and administrative expenses, and that adding CSR costs to his research model increases the level of cost containment. The results also confirm that changes in activity levels and changes in costs are not necessarily the same. These results provide new evidence for understanding how CSR affects cost containment for manufacturing. </text>
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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang&#13;
Exchange Rate, Stock Return, and Bond Return in Indonesia: An ARDL Approach </text>
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                <text>ARDL method; Bond Return; Exchange rate; Stock return; Indonesia</text>
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                <text>The purpose of this research is to investigate the relationship between the Indonesian exchange rate, stock return, and bond return. This study uses time series data in monthly frequencies from sources Thomson &amp; Reuters and Bank Indonesia during the period January 2010 to December 2020. This paper uses quantitative research by employing the Autoregression Distribution Lage (ARDL) approach to analyze the causal relationship between variables in this study. According to the results of the ARDL estimation, changes in exchange rates were inversely related to stock returns. Various findings were also found, demonstrating that changes in exchange rates were positively related to bond returns. Stock and bond returns, on the other hand, were inversely related. According to this study, when there is uncertainty in the stock market, investors would rebalance their portfolios. When investors move their money to safer places or safe havens, this is known as the "flight to &#13;
quality" phenomena. </text>
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                <text>Sawitri, Ghazali Syamni, Rizal Ansari, Rasyimah, Husaini</text>
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                <text>DOI: 10.26905/jkdp/v26i4.8398&#13;
</text>
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                <text>Universitas Merdeka Malang</text>
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                <text>Sri Wahyuni</text>
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                <text>ISSN: 2443-2687 (Online) ISSN: 1410-8089 (Print)</text>
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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang</text>
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        <name>ARDL method; Bond Return</name>
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        <name>Exchange rate</name>
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        <name>JURNAL NASIONAL AKUNTANSI</name>
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                  <text>Vol. 26 No. 4 (2022) October 2022</text>
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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang&#13;
Corporate governance and leverage on firm value: Evidence of Indonesian large firms </text>
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          <element elementId="49">
            <name>Subject</name>
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                <text>corporate governance; commissioner; audit; ownership; firm age; leverage &#13;
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                <text>This paper aims at the nexus of corporate governance, leverage, and firm value of selected Indonesian large firms in the 2014-2019 period. Specifically, the study is concerned about the effect of independent commissioner board size, institutional ownership, and audit committee size as proxies of corporate governance on firm value. The controlling variables are leverage and firm age. Panel regression analyzed secondary data collected from the LQ�45 index at Indonesia Stock Exchange firms as the large firms. The findings show that &#13;
institutional ownership positively impacted firm value. However, the independent commissioner and audit committee exerted insignificant influence. The study results further showed that firm age and leverage significantly negatively impact firm value, &#13;
respectively. Decisively, findings from this paper reflect that corporate governance positively influences firm value significantly. The study recommended that corporate governance dynamics in firms be empowered and re-examined, especially the audit committee's effectiveness. Both firm age and leverage do not affect productivity and firm &#13;
value. The audit committee's role is more than optimal in carrying out the supervisory and control functions of the corporate management so that the responsibility of the management is considered transparent and results in an increase in hareholder trust. It is also recommended that the increase in firm age and excessive leverage be balanced with &#13;
the creation of innovation and productivity of large firms. </text>
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                <text>Perdana Wahyu Santosa, Any Setianingrum, Chandra Yusuf</text>
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            <description>A related resource from which the described resource is derived</description>
            <elementTextContainer>
              <elementText elementTextId="52166">
                <text>DOI: 10.26905/jkdp.v26i4.7764 </text>
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            <name>Publisher</name>
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              <elementText elementTextId="52167">
                <text>Universitas Merdeka Malang</text>
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              <elementText elementTextId="52168">
                <text>October 2022</text>
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              <elementText elementTextId="52169">
                <text>Sri Wahyuni</text>
              </elementText>
            </elementTextContainer>
          </element>
          <element elementId="47">
            <name>Rights</name>
            <description>Information about rights held in and over the resource</description>
            <elementTextContainer>
              <elementText elementTextId="52170">
                <text>ISSN: 2443-2687 (Online) ISSN: 1410-8089 (Print)</text>
              </elementText>
            </elementTextContainer>
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            <name>Format</name>
            <description>The file format, physical medium, or dimensions of the resource</description>
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              <elementText elementTextId="52171">
                <text>PDF</text>
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            <name>Language</name>
            <description>A language of the resource</description>
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              <elementText elementTextId="52172">
                <text>English</text>
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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang</text>
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            </elementTextContainer>
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        <name>commissioner; audit</name>
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        <name>Corporate governance</name>
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        <name>JURNAL NASIONAL AKUNTANSI</name>
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        <name>ownership; firm age; leverage</name>
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            <element elementId="50">
              <name>Title</name>
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              <elementTextContainer>
                <elementText elementTextId="52070">
                  <text>Vol. 26 No. 4 (2022) October 2022</text>
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              </elementTextContainer>
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      <name>Text</name>
      <description>A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text.</description>
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    <elementSetContainer>
      <elementSet elementSetId="1">
        <name>Dublin Core</name>
        <description>The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/.</description>
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            <elementTextContainer>
              <elementText elementTextId="52149">
                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang&#13;
The Influence of Government Information and Response Related to COVID-19 in Indonesia Stock Market </text>
              </elementText>
            </elementTextContainer>
          </element>
          <element elementId="49">
            <name>Subject</name>
            <description>The topic of the resource</description>
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                <text>COVID-19; GSVI; Return; Volatility; Government; Policy</text>
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          <element elementId="41">
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            <description>An account of the resource</description>
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                <text>COVID-19 is a global health pandemic that is currently sweeping the world and had huge impact on the world economy. Currently, all countries, including Indonesia, are paying attention to how the development of this pandemic is, as evidenced by the many media that inform the development of the pandemic and the response given by the government in overcoming it. This study was conducted with the aim of investigating how the &#13;
influence provided by government information and policies related to COVID-19 on returns and stock volatility in Indonesia. Empirical findings from this study show that information on the COVID-19 pandemic (GSVI Covid), the number of positive cases, death rates, and the government tightening index during the pandemic, seem to have a negative effect on stock returns and vice versa have a positive effect on volatility. Meanwhile, with the information on the COVID-19 vaccine (GSVI Vaksin), fiscal policy in the form of growth in government spending, as well as monetary policy in the form of growth in the money supply is said to have a positive influence on stock returns, as well &#13;
as reduce excessive volatility in the market. </text>
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            <name>Creator</name>
            <description>An entity primarily responsible for making the resource</description>
            <elementTextContainer>
              <elementText elementTextId="52152">
                <text>Agus Diemas Prayoga, Sung Suk Kim</text>
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            <name>Source</name>
            <description>A related resource from which the described resource is derived</description>
            <elementTextContainer>
              <elementText elementTextId="52153">
                <text>DOI: 10.26905/jkdp.v26i4.8173</text>
              </elementText>
            </elementTextContainer>
          </element>
          <element elementId="45">
            <name>Publisher</name>
            <description>An entity responsible for making the resource available</description>
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              <elementText elementTextId="52154">
                <text>Universitas Merdeka Malang</text>
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            <description>A point or period of time associated with an event in the lifecycle of the resource</description>
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                <text>October 2022</text>
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          <element elementId="37">
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            <elementTextContainer>
              <elementText elementTextId="52156">
                <text>Sri Wahyuni</text>
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            </elementTextContainer>
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          <element elementId="47">
            <name>Rights</name>
            <description>Information about rights held in and over the resource</description>
            <elementTextContainer>
              <elementText elementTextId="52157">
                <text>ISSN: 2443-2687 (Online) ISSN: 1410-8089 (Print)</text>
              </elementText>
            </elementTextContainer>
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            <name>Format</name>
            <description>The file format, physical medium, or dimensions of the resource</description>
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              <elementText elementTextId="52158">
                <text>PDF</text>
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            <name>Language</name>
            <description>A language of the resource</description>
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                <text>English</text>
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                <text>Jurnal Keuangan dan Perbankan Universitas Merdeka Malang</text>
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        <name>COVID-19; GSVI</name>
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        <name>JURNAL NASIONAL AKUNTANSI</name>
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        <name>Return; Volatility</name>
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        <name>Volatility; Government; Policy</name>
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