The problem of this study is whether there is the influence of inflation, interest rates, exchange rates and gross domestic product on the value of the company in the textile and garment sub-sector manufacturing companies listed on the Indonesia Stock Exchange. The results of the study concluded, first, inflation has a negative effect, it states that inflation is inversely related to the value of the company with inflation. Second, interest rates, exchange rates and gross domestic product have a positive influence on the value of the company. The third is an increase in the value of the company, so there is also an increase in interest rates, exchange rates and gross domestic product, and vice versa. Third, inflation, interest rates, exchange rates, and gross domestic product partially influence the value of the company in the textile and garment sub-sector manufacturing companies listed on the Indonesia Stock Exchange for the period 2012-2017 simultaneously and have a positive and significant effect on the value of companies in manufacturing companies. Textiles and Garments Registered on the Indonesia Stock Exchange. Fourth, inflation, interest rates, exchange rates, and gross domestic product jointly affect the value of the company in the Textile Subsector and Garment Manufacturing Companies Listed on the Indonesia Stock Exchange.

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Чи може внутрішній контроль запобігти шахрайству в управлінні сільськими фондами? * Лестарі Вінда (LESTARI Winda), студент кафедри бухгалтерського обліку, факультет економіки, Університет Шривіджая, Палембанг, Індонезія. ** Азварді Азварді (AZWARDI Azwardi), викладач кафедри економічної науки, факультет економіки, Університет Шривіджая, Палембанг, Індонезія.

This study aims to determine the differences in the implementation of good university governance at state universities in South Sumatra and Bangka Belitung. The state universities were Bangka Belitung University, Sriwijaya University, Sriwijaya State Polytechnic, and Bangka Belitung Manufacturing Polytechnic. The principles of good university governance in this study include governance structure, autonomy, accountability, leadership, and transparency. The respondents of the study were structural officials. Research data were collected using a questionnaire. The analysis used Friedman different test because the groups comprised new and long-established state universities. The results of the analysis indicate that accountability and transparency in the implementation of good university governance in Bangka Belitung University are different from those in Sriwijaya University. Meanwhile, the implementation of good university governance in Sriwijaya Polytechnic is similar to that in Bangka Belitung Manufacturing Polytechnic.

The purpose of this study was to examine the simultaneous and partial effects of budgeting participation and internal control on good university governance at Bangka Belitung University and State Manufacturing Polytechnic of Bangka Belitung Islands, Indonesia. Data collection used a saturated sampling method of 485 consisting of all employees and lecturers at the two colleges. Estimation models were built based on previous research studies and the Agency Theory. Data analysis techniques used multiple regression analysis along with testing classical assumptions using a Likert scale on primary data. The results of the study showed that budgetary participation and internal control have a positive and significant effect on good university governance both simultaneously and partially, where internal control is the dominant variable influencing good university governance. This illustrates the alignment of findings with the Agency Theory. The implications for the future are that the Bangka Belitung University and the State Manufacturing Polytechnic continue to pay attention to internal control to create a resonance of good university governance towards the internationalization of higher education. In this study only two variables were used that affect good university governance. Other influences also play a role in the improvement including audit committees, organizational culture, and organizational communication climate that can be addressed by future researchers. Keywords: good university governance, budgeting participation, internal control