Tourism has adapted rapidly in various worlds, including Indonesia, and created significant harmonization for economic, social, and cultural uses. Since the change in the status of the village forest (HD) in 2014, it is hoped that it will become an opportunity for Merabu Village to increase the productivity of agriculture, livestock, and tourist destinations. The focus of this study is to explore the tourism potential of Merabu Village. We obtained data sets through interviews, FGDs, and field observations of a number of informants who predominantly work as farmers. The trend of tourist visits every year is also increasing and especially rural-tourism is managed by Kerima Puri. Since the beginning of the presence of domestic tourists and foreign tourists, there have been tour boat services that took them to the gate of Nya’deng Lake, homestays, food providers, and various traditional attractions (cultural festivals). As a rural tourism area, HD has a positive impact on local residents to be involved in rural-tourism development. This finding also hopes for a real contribution from relevant parties to advance the rural-tourism of Merabu Village

Pengaruh cash flow, expenditure dan nilai perusahaan terhadap cash holding pada perusahaan sektor pertambangan yang terdaftar di bursa efek indonesia periode Abstrak Penelitian ini bertujuan untuk menganalisis pengaruh arus kas, pengeluaran dan nilai perusahaan terhadap cash holding. Model penelitian ini dianalisis dengan Fixed Effect Methode (FEM). Populasi perusahaan penambangan penelitian ini terdaftar Bursa Efek Indonesia. Penelitian ini menggunakan metode purposive sampling. Sampel dalam penelitian ini adalah 27 perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia dari tahun 2012-2015. Penelitian ini menggunakan data panel, data yang digunakan dalam penelitian ini berasal dari laporan keuangan tahunan dan laporan keberlanjutan perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia untuk periode 2012-2015. Hasilnya menunjukkan bahwa arus kas dan pengeluaran tidak signifikan positif dalam memegang uang tunai, sementara nilai perusahaan secara signifikan negatif pada perusahaan holding tunai. Kata Kunci: arus kas; pengeluaran; nilai perusahaan; perusahaan pertambangan Influence of cash flow, expenditure and value of company to cash holding at mining sector company which listed in Indonesia stock exchange period 2012-2015Abstract This research aim to analyze the influence of cash flow, expenditure and firm value to cash holding. This model research are analyze with Fixed Effect Methode (FEM). Population of this research mining company listed Indonesia Stock Exchange. This research uses purposive sampling method. Samples in this research are 27 mining firms that listed on Indonesia Stock Exchange from 2012-2015. This study use panel data, the data used in this research come from the annual financial statements and sustainability report of mining companies that listed on Indonesia Stock Exchange for the periode 2012-2015. The result show that cash flow and expenditure have insignificant positive on cash holding, while firm value have significantly negative on cash holding company.Pengaruh cash flow, expenditure dan nilai perusahaan terhadap cash holding;

Objectives: The banking sector has been impacted more negatively by the COVID-19 pandemic. At the same time, bank concentration and capitalization stabilize banking systems during times of crisis. This study evaluated the monthly financial reports of all commercial banks in Indonesia to investigate the joint impact of the COVID-19 pandemic and bank concentration on bank stability. Moreover, this study was conducted to determine whether adequate capitalization could enhance the positive effect of the interaction between COVID-19 and bank concentration during the pandemic. Methods/Analysis: Using 108 commercial banks between March 2020 and May 2021, data were analyzed using the fixed-effects estimator with heteroskedasticity and within-panel serial correlations for robust standard errors. Several robustness checks were performed to ensure that the results were accurate and consistent. Findings: Subsequently, the impact of the pandemic and bank concentration was determined to be significant and adverse, though their interplay was strong enough to promote bank stability. This highlights the importance of adequate capitalization in enhancing the beneficial effects of the interaction between COVID-19 and bank concentration on bank stability. Novelty /Improvement: Hence, these findings contribute to the literature on bank stability and have important policy implications for the banking sector during this pandemic.JEL Classifications: E51, G20, G21. Doi: 10.28991/esj-2022-SPER-018 Full Text: PDF

Leadership and organizational culture are essential factors in the sustainability of a business. The two things' strategy becomes a concept that is often used as a foundation by various companies in running their activities. This article aims to discuss the role of leadership and organizational culture in implementing business strategy. Societal, cultural norms influence leader attributes and behaviors. Leader attributes and actions can be affected by the organization's corporate environment, size, and technology. Leader attributes and behaviors can determine the organizational form and organizational culture, and vice versa.

Profits that are calculated to finance unexpected cash need expedite management. This paper investigates the effect of corporate governance on cash holdings with systematic risk as a moderating variable. The population consists of companies from the property and real estate sectors listed on the Indonesia Stock Exchange (IDX) during 2012–2020. Through the purposive sampling technique, the sample obtained 41 companies as the study object. Data analysis is focused on panel data and its interpretation through the Moderated Regression Analysis (MRA). Hypothesis testing uses statistical terms at the 5% probability level. Important findings underline that corporate governance has a positive significant effect on cash holdings, while systematic risk has a negative insignificant effect. On the other hand, the moderation between corporate governance and cash holdings through systematic risk is positive significant. Systematic risk reflects the reliability of a stock; when the risk is higher, it tends to increase in cash flow situations, and investors prefer high-risk investments with the expectation of profit from returns. It is hoped that future contributions will serve as reference material for academics, government, and companies engaged in the financial service sector.