Abstrak : Penelitian ini merancang dan menilai 4 dimensi dana desa yaitu Pengelolaan Keuangan, Pembangunan Sarana Prasarana, Pemberdayaan Masyarakat, dan Penyelewengan dengant total nilai tertinggi adalah 4. Hasil penelitian menunjukkan bahwa pada dimensi pertama Kabupaten Minahasa memiliki skor tertinggi dengan nilai 2,75, diikuti Kabupaten Minahasa Utara dan Minahasa Selatan dengan skor masing-masing 2,54 dan 2,53. Pada dimensi Pembangunan Sarana Prasarana (Sarpras) Desa, terlihat bahwa Dana Desa cenderung difokuskan untuk pendanaan pembangunan Sarpras Transportasi. Pada dimensi Pemberdayaan Masyarakat, desa-desa yang diteliti kurang mendanai program pemberdayaan masyarakat. Desa-desa di Kabupaten Minahasa Utara hanya mencatatkan skor 1,76, Minahasa Selatan 1,75, dan Minahasa 2,03. Pada Dimensi Penyelewengan tercatat ada 8 desa yang memakai Dana Desa untuk mendanai program yang tidak menjadi prioritas ataupun yang masuk dalam ketentuan yang ada.Kata Kunci :Dana Desa; Dimensi Pengukuran; Pengelolaan dan Penggunaan; Penyelewengan

Many companies in Indonesia compete to improve the financial performance to be listed in LQ45 index. LQ45 index is the house of 45 stocks with high liquidity, big market capitalization and good financial performance. This paper aims to investigate whether the existence status of stocks in LQ45 index in the past affects the current profitability performance of the companies. This study relies on semesterly data from 19 companies dated from 2012 to 2015. Using panel data regression model of Net Profit Margin (NPM), the findings suggests that the existence of stocks in LQ45 index in previous period significantly affect the NPM. The results are robust and consistent across specifications either using fixed effect or random effect approaches. The magnitude ranges from 22,77 to 26,87 percentage points.

The Indonesian government has been serious in alleviating poverty in Indonesia through the implementation of public benefit programs including alterations in energy subsidy program. Generally, the poverty rate has finally reached a single digit. On the other hand, the human development index as one indicator of living standard has not shown improvement as fast as the improvement in the poverty rate. A question remains. After all benefit programs are in effect, are the living standards of people improving? This study relies on a survey covering 315 respondents residing in North Sulawesi Province, Indonesia. Ordinary least square and ordered logistics models are used to analyze the survey data. The findings suggest that spending on electricity reduces the ability to meet daily needs but not necessarily makes lives better or worse. BPJS health insurance holders tend to have a lower rate of better living after benefit programs take place as compared to non-holders. Additionally, being the holder does not statistically affect the ability to meet daily needs. Having good academic ranks in high school is associated with having better lives. In contrast, having these ranks tend to reduce the ability to meet daily needs.

Since 2015 the Indonesian government had started Village Fund (VF) program to increase villagers' purchasing power and welfare, build infrastructure and increase employment. However, there was evidence that the results of the programs were not as expected. Instead, there were many management and accountability problems found in the program. This study investigates the factors that can possibly explain the problems using four dimensions, namely, Financial Management, Village Infra-structure, Society Empowerment, and Misappropriation. Using a survey, we choose the officers from fifteen villages in North Sulawesi Province. Using score indexing, we study changes in behaviors of village officers toward these dimensions due to a treatment that we make. The treatment is to make the officers aware of the regulations required for VF management. We also examine how the change in the VF management leads to change in economic growth rate. The findings suggest that there is an improvement in the VF management after the treatment. Additionally, due to improvement in VF management, the villages can potentially experience economic growth rates of between 3.44% and 3.98% contributed solely by the VF program. Keywords-village fund; measure dimensions; management and usage; misappropriation A. Theoretical Framework and Hypo-ThesesVillage fund program has been a noteworthy topic in urban and public economics fields. Thailand and Indonesia are two countries among others in which VF program becomes a striking program to improve the economy of rural

Cash transfers and energy subsidies are two striking programs of the Indonesian government to improve the welfare of poor people. These programs have been in effect for years and altered over time. However, it is unclear that the alterations end up having utility at least at the same level as prealteration level. Without a good knowledge on the relative importance of the programs, one may find difficulties in assessing the utility level before and after the alteration. To my knowledge this is the first study to describe the relative importance of income and energy spending where the change may be affected by cash transfers and energy subsidies. The relative importance is anchored at the individual's happiness level as the proxy of the utility level. This study relies on a survey covering 345 respondents residing in rural areas of North Sulawesi Province, Indonesia and cross-section regression models. The findings suggest that every rupiah spent on energy has bigger impacts on happiness improvement than every rupiah received as income. Programs that increase energy consumption may be more important than programs that boost income of people living in rural areas where most poor people are located. Therefore, alteration in one program that can create loss in utility must be compensated by another program that can create gain in utility at least at equal amount, otherwise the alteration is not a pro-poor.