guidelines finance and banking journal 2017 a4

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Journal of Finance and Banking

Jurnal Keuangan dan Perbankan (Jkp)

is a publication of Finance and Banking Program University of Merdeka Malang. The

journal is an article published continuously which is intended not only as a place to

share ideas, study, and analysis but also as an information channel to improve and

develop finance and banking science. This publication consists of scientific writings in

the form of research finding, analysis, and application theory, conceptual idea, new

book review, bibliography, practical writing from experts, academics, and

practitioners. The published writings have been in the process of editing needed by

the publisher without changing the substance as the original script. The writing in each

publication is the personal responsibility of the author and it does not reflect the

publisher’s idea.

JKP (Journal of Finance and Banking) is published four times a year, in

January, April, July and October.

Focus and Scope

Financial Management

(Financial analysis, financial risk analysis,

corporate finance, corporate governance, exchange rate modeling, forecasting

financial markets portfolio and asset management, pricing and risk of financial

instruments, etc.)

Financial Markets

(Developments in the financial markets, financial market regulation, depository and

Non-depository financial institutions, stock valuations and market efficiency, etc.)

Banking

(Banking and portfolio management, monetary and fiscal policy decision-making,

human resources, marketing, banking finance, banking operational, Syaria Bank, etc.)

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Editorial Board

Editor-in-Chief

Dr. Sari Yuniarti, SE.,MM., Department of Finance and Banking Faculty of Economics and Business University of Merdeka Malang, Indonesia

Managing Editor

Sugeng Haryanto, SE., MM., Department of Finance and Banking Faculty of Economics and Business University of Merdeka Malang, Indonesia

Associate Editors

Dr. Andewi Rokhmawati, SE.,M.Si.,M.Ed, Department of Management Faculty of Economics Riau University, Indonesia

Dr. Dra. Diana Zuhroh, M.Si,.Ak,.CA, Department of Accounting Faculty of Economics and Business University of Merdeka Malang, Indonesia

Dr.Eko Yuni Prihantono SE,ME, Department of Finance and Banking Faculty of Economics and Business University of Merdeka Malang

Dr. Erni Susana, S.H, M.M, Department of Finance and Banking Faculty of Economics and Business University of Merdeka Malang, Indonesia

Dr.Sunardi, MM, Department of Finance and Banking Faculty of Economics and Business University of Merdeka Malang, Indonesia

Dr. Yusaq Tomo Ardianto, Department of Finance and Banking Faculty of Economics and Business University of Merdeka Malang, Indonesia

Ardi Gunardi, S.E., M.Si., [SCOPUS Author ID: 57191667735] Department of Management, Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Daniel T H Manurung, SE.,MSA.,Ak., Department of Accounting Faculty of Economics University of Widyatama Bandung, Indonesia

Editorial Advisory Board (The United States)

Prof. Bruno Sergio Sergi

[SCOPUS Author ID: 35369323900)

Davis Center for Russian and Eurasian Studies, Harvard University, Cambridge, United States

Prof. Kartono Liano, Ph.D.

[SCOPUS Author ID: 6603080227]

Department of Finance and Economics Mississippi State University, MS-USA, United States

Editorial Advisory Board (Europe)

Prof. Dr. Mehmet Hüseyin Bilgin, [SCOPUS Author ID: 25421551900]

Faculty of Political Sciences Istanbul Medeniyet University, Turkey

Manuel Castelo Branco, Ph.D.,

Faculty of Economics University of Porto, Portugal

Jacek Kalinowski, Ph.D.,

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Editorial Advisory Board (Asia Pasific)

Prof. Dr. Izah Mohd Tahir

Faculty of Economics & Management Science University Sultan Zainal Abidin-UniSZA, Malaysia), Malaysia

Prof. Susumu Ueno, M.B.A., D.B.A. Management and Accounting Research Institute, Japan

Evan Lau, Ph.D.

Department of Economics University Malaysia Sarawak, Kuching, Malaysia

Harun Harun, Ph.D.

Faculty of Business and Government, University of Canberra, Australia

Hooy Chee Wooi, Ph.D,

School of Management Universiti Sains Malaysia, Malaysia

Editorial Advisory Board (Asia Pasific)

Prof. Ahmad Erani Yustika, M.Sc, Ph.D.

Department of Economic Development Faculty of Economics and Business University of Brawijaya Malang, Indonesia

1. Prof. Djoko Wintoro,Ph.D. School of Business and Economics University of Prasetiya Mulya Jakarta, Indonesia

Prof. Dr. Izah Mohd Tahir. Faculty of Economics & Management Science University Sultan Zainal Abidin – UniSZA, Malaysia

Prof. Dr. H Imam Ghozali, M.Com., Ak.

Department of Accounting Faculty of Economics and Business University of Diponegoro Semarang, Indonesia

Prof. Kartono Liano, Ph.D.

Department of Finance and Economics Mississippi State University, MS-USA, United States

Prof. Dr. Sugeng Wahyudi, MM.

Department of Management Faculty of Economics and Business University of Diponegoro Semarang, Indonesia

Prof. Supramono MBA.,DBA. Department of Management Faculty of Economics and Business Satya Wacana Christian University Salatiga, Indonesia

Prof. Susumu Ueno, M.B.A., D.B.A. Asia-Pasific Management Accounting Association, Japan

Prof. Dr. R.Wilopo M.Si, Akt. Department of Accounting STIE Perbanas Surabaya, Indonesia

Drs.Ec. Abdul Mongid, MA, Ph.D.

Department of Accounting STIE Perbanas Surabaya, Indonesia

Apriani Dorkas Rambu Atahau, SE.,MCom.,Ph.D.

Department of Management, Faculty of Economics and Business, Satya Wacana Christian University, Salatiga, Indonesia

Dezie Leonarda Warganegara, Ph.D.

Department of Finance Faculty of Economics &

Communications BINUS University Jakarta, Indonesia

Dr. Eka Handriani,SE.,MM.

Faculty of Economics and Business University of Darul Ulum Islamic Centre Sudirman, Semarang, Indonesia

Dr. Endri, SE.,ME. Magister Management Program University of Mercu Buana Jakarta, Indonesia

Dr. Harmono SE.,M.Si. Department of Management Faculty of Economics and Business University of Merdeka Malang, Indonesia

Irwan Trinugroho, SE.,M.Sc.,Ph.D.

Department of Management Faculty of Economics and Business Universitas Sebelas Maret, Indonesia

Dr. Robiyanto, SE.,MM.

[SCOPUS ID: 56968203800]

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Yanthi Hutagaol, Ph.D Department of Finance Faculty of Economics &

Communications BINUS University Jakarta, Indonesia

Zaäfri A. Husodo, Ph.D.

Faculty of Economics and Business Graduate School of Management Universitas Indonesia, Indonesia

Ardi Gunardi, S.E., M.Si

Department of Management, Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Daniel T.H Manurung, SE.,MSA.,Ak. Department of Accounting Faculty of Economics University of Widyatama Bandung, Indonesia

Rif’at Pasha,SE. Department of Economic and Monetary Policy Bank Indonesia

Taufik Saleh, SE., M.Si. Department of Monetary Management Bank Indonesia

Assistant Editor

Abdul Kadir

Agus Santoso

Agus Tukiyan

Nurzulma Mardina, SH.

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Author Guidelines

Manuscript Submission

The manuscript submitted in form of softcopy by using OJS (

Open Journal System

)

through

http://jurnal.unmer.ac.id/index.php/jkdp/index

. Manuscript submission

also attached with the complete curriculum vitae of author and manuscript form refers

to following instruction below:

Writing Instruction

The manuscript should be double spaced minimum of 10 pages and maximum of 20

pages is already included abstract and bibliography/reference, paper size A4, font

Book Antiqua 12 pts

except for illustration (table, chart, figure, etc) font size 10 pts. For

editing, all the manuscript (including table, figure, and equation) should write in a

form that can be edited by editor (

Word Document).

General Writing Style

The manuscript for publication of Finance and Banking could be study and application

of theory, research, conceptual ideas, literature reviews, reviews of new books,

bibliographic, and practical writing related to finance and banking science. The

manuscript can be write in Bahasa Indonesia or English in form of essai, include the

subchapter tittle (heading) in each part, except: introduction which shown without

subchapter tittle. Ranked of subchapter expressed with different typeface and without

subchapter tittle. The writing style is narrative, with minimize of using table, figure,

and equation.

Sistematics of Manuscript

Conseptual Sistematics of manuscript consist of: tittle, authors name (without

academic title), address where the manuscript wrote, address for correspondence

(contact number, faximile, and email),

abstract, key words

, introduction (without

subchapter), main review (devided into sub headings), conclusion, and bibliography.

Sistematics research manuscript consist of: tittle, outhors name (without academic

title) address where the result of research done, address for correspondence, abstract,

key words, introduction (without subchapter) hypothesis (optional), method, result,

discussion, conclussion, suggestion and bibliography. The following instruction for

each part of manuscript and other way which need to consider to writing of

manuscript.

Tittle

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Author Data

Consist of full name without academic title and abbreviation, name of author

affiliations institution and complete address (including ZIP Code), address for

correspondence (telephone, Faximile, and e-mail).

Abstract

Writing on English with 150-200 words (also include in Bahasa Indonesia for editing),

consist 1 paragraph. Abstract for research manuscript contain: purpose of research,

method, important finding, and conclussion. Abstract for study article/ conceptual

contain: Short summary of the overall content of the full article with idea inferred.

Key Words

Writing on english with 3-6 phrases. Key words contain od word or phrase which often

used for manuscript and considered to represent and or related with the topic. Writing

on alfabet.

JEL Classification

The manuscript should include JEL Classification which is the code to classify the field

of science in line with the research topic. The classification code may refer to this link:

https://www.aeaweb.org/econlit/jelCodes.php

https://www.aeaweb.org/jel/guide/jel.php

Introduction

Introduction contains an introduction to the substance of the articles according to

topics and the purpose, especially the reasons both theoretical and empirical

background of writing the manuscript. Express the theoretical concepts, ideas, as well

as the findings of previous studies, useful as comparison and as well strengthening,

enrichment as well as sharpening the discussion, analysis and interpretations.

Presentation should be coherent chronological order. Connection between the logic of

the first paragraph with the following should be clear.

Method

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Result

The result presented in systemic. Narration in the results contain information extracted

from the data, it’s not as it is. The illustration have to referred in the text, it presented

the data processed not raw data (if necessary data reduction).

Discussion

Discussion is express interpretation of the results, in order to answer the research

objectives and hypotheses (optional). The discussion and data presentation is the same

sequence. There was a development argument by correlating results, theory, and

opinion, including comparative results of previous research. It is important to state the

possibility of contribution result of the research for science development.

Conclusion

Conclusion interpret results and discussion of research for more comprehensive.

Suggestion

Suggestions intended for practical action (company which studies), for development

of new theory, and further research.

Citation

Citation in the text made in the format of name and year, such: Suhardjanto & Miranti

(2009) for begin the sentence, and (Wahyudi, 2010) for end of sentence. If there are

more than two authors used

et al.

After name of first author, such: Ettredge, et al.

(2010). For more than one references, it based on the chronology of the year or

alphabetical order if there is the same year. For example: (Arisudi & Gapor, 2010;

Herdinata, 2010; Nursyamsi, 2010) or (Yuniarti, 2008, Budianto, 2009, Iriani &

Gunarianto, 2010).

Reference

Reference arrange by following the procedures of the following example and sorted

alphabetically and chronologically.



A book appears as follows:

Skiadas, C. 2009. Asset Pricing Theory. New Edition. Published by Princeton University Press.



An Article in a journal appears as follows:

Kashyap, A.K. & Zingales, L. 2010. The 2007-8 Financial Crisis: Lessons from Corporate Finance, Journal of Financial Economics, 97(3): 303-488.



A working paper appears as follows:

Rojas, L. & Suares. 2010. The International Financial Crisis: Eight Lessons for and from Latin America. Working Paper 02. January. Center for Global Development

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Rachmawati. 2005. Over Reaksi Pasar terhadap Harga Saham. Prosiding, Simposium Akuntansi Nasional VIII.



A dissertation, thesis, etc is cited as follows:

Choudhury, M.A. 2007. Philosophy of Islamic Financial Engineering: Evaluationary Equilibrium in Learning Spaces of Unity of Knowledge. International Seminar and

Workshop on Islamic Financial Engineering. (Tidak Dipublikasikan). Post Graduate

Program of Faculty of Economics Islamic University of Indonesia. Yogyakarta. Nurkhin, A. 2009. Corporate Governance dan Profitabilitas; Pengaruhnya terhadap

Pengungkapan Tanggung Jawab Sosial Perusahaan (Studi Empiris pada Perusahaan yang Tercatat di Bursa Efek Indonesia). Tesis. (Tidak Dipublikasikan). Program Studi Magister Akuntansi Program Pascasarjana Fakultas Ekonomi Universitas Diponegoro.



Another document (Regulation/Constitution):

Peraturan Bank Indonesia Nomor: 11/25/PBI/2009 Tentang Penerapan Manajemen Risiko bagi Bank Umum.



An article in website appears as follows:

Oorschot, L.V. 2009. Risk Reporting: An Analysis of German Banking Industry.

http://oaithesis.eur.nl. (Download: 30 August 2010).



An Article in newspaper, magazine, etc, is cited as follows:

Hasbullah, Y.2004. Prinsip-prinsip Manajemen Risiko Kredit di Perbankan dalam Rangka Good Corporate Government. Majalah Usahawan Indonesia, No.12, Th.XXXIII Desember: 28-31.

Illustration (Table and Figure)

The illustrations in the form of tables and figures (optional) included in accordance

with the needs of the writing and given a sufficient explanation, and typed in a format

that can be edited by the editorial board.

Table.

Typed font size 10 pts, form tables are created as the following example:

Table 1. Indicator of General Bank Performance Based on Assesment of CAEL (%) General bank Source: Bank Indonesia (in Investor magazine, 2008) and Infobank June 2008.

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Figure 1. Growth Third Party Fund Bank X Branch of Malang

Copyright

Manuscripts are submitted must be an original, not plagiarized / plagiarism of other

people's work, has not been published, and are not sent at the same time to another

publisher. Journal of Finance and Banking holds the copyright for all materials

included in the form of print, electronic, and other form. authors need to approve

diversion of copyright with fill out and sign a Statement of diversion Copyrights and

then sent back to the address of the editorial accompanied by a curriculum vitae, after

the manuscript can otherwise be published by the editorial board.

Other Requirement

Submit the curriculum vitae consists of: (1) Personal Data: full name with academic

title, name of institution, address and contact number institution, e-mail, home

address, phone number, address for correspondence for journal delivery. (2)

Educational Background. (3) Scientific work produced (published or unpublished).

For authors whose articles have been accepted are required to pay a contribution and

subscribe fee of at least

IDR 1,750,000

(one million seven hundred fifty thousand

rupiah) and can be transferred in the account

Bank BNI Number 0504291350 on

behalf of Sari Yuniarti.

Components and Indicator Reviewers Assessment are described in the following table:

0

1 2 3 4 5

Tahun 1 Tahun 2 Tahun 3 Tahun 4

Giro

Tabungan

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Component and Indicator of Reviewer Board Evaluation

No

Component

Evaluation Indicator of reviewer

1 Title Effectiveness, Specification and clarity

2 Abstract (in English) Complete and describe the essence of article 3 Key words Describing the essential concept of article 4 Introduction (background, Objective or

scope, literature Review)

Up-to-date, originality, relevance of the Topic, compatibility of the important reason of the research objective

5 Method Accuracy, Specification, and clarity

6 Result (Analysis and Synthetic) Analysis acuteness

7 Discussion (Interpretation) Up-to-date finding, relevance to the interrelated researches, and the scientific contribution effect of finding /idea to the development of science

8 Conclusion Logical, valid, brief, and clear

9 Suggestion For practical action, development of new theory, and next/advanced research

10 Bibliography Degree of up-to-date and the reference of primary

book sources.

Rules: min. 80% of the journals or the interrelated

scientific researches, above 2007 (year); the number

of book sources, min.10; min.80% in the

text/material of article writing

Address

:

Gedung D-III Keuangan dan Perbankan Lt.1 Universitas Merdeka Malang

Jl. Terusan Raya Dieng No.57 Malang 65146, Telp.0341–568 395 (ext.544)

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Willing to fill the statement below:

A G R E E M E N T

I the undersigned:

1. Name (complete with title)

:

2. Occupation

:

3. Institute

:

4. Office address

:

Telephone and Fax

:

5. Home address

:

Telephone/mobile phone

:

Hereby make an official statement that:



The article that I send to Journal of Finance and Banking University of Merdeka Malang

is an original writing, not copy/plagiarize someone else, and has not been published.



Willing to obey all the rules about writing article in Journal of Finance and Banking

University of Merdeka Malang.



Willing to revise if it is needed as the evaluation result of Reviewer board and send it

back soon in a certain/decided time.

That is the statement I make without any pressure, deceit and slip.

City, Date/Month/Year

Author,

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CONSENT TO PUBLISH

Title:

Author(s) full name(s):

Corresponding Author’s name, address, affiliation and e-mail:

When the Author is more than one person the expression “Author” as used in this agreement will apply collectively unless otherwise indicated.

1.

Rights Granted

Author hereby grants and assigns to the exclusive, sole, permanent, world-wide, transferable, sub-licensable and unlimited right to reproduce, publish, distribute, transmit, make available or otherwise communicate to the public, translate, publicly perform, archive, store, lease or lend and sell the Contribution or parts thereof individually or together with other works in any language, in all revisions and versions (including soft cover, book club and collected editions, anthologies, advance printing, reprints or print to order, microfilm editions, audiograms and video grams), in all forms and media of expression including in electronic form (including offline and online use, push or pull technologies, use in databases and networks for display, print and storing on any and all stationary or portable end user devices, e.g. text readers, audio, video or interactive devices, and for use in multimedia or interactive versions as well as for the display or transmission of the Contribution or parts thereof in data networks or search engines), in whole, in part or in summarized form, in each case as now known or developed in the future, including the right to grant further time-limited or permanent rights. For purposes of use in electronic form,

JOURNAL OF FINANCE AND BANKING

Editorial Board may adjust the Contribution to the respective form of use and include links or otherwise combine it with other works. For the avoidance of doubt,

JOURNAL OF FINANCE AND BANKING

Editorial Board has the right to permit others to use individual illustrations and may use the Contribution for advertising purposes.

The copyright of the Contribution will be held in the name of

JOURNAL OF FINANCE AND

BANKING

Editorial Board may take, either in its own name or in that of copyright holder, any necessary steps to protect these rights against infringement by third parties. It will have the copyright notice inserted into all editions of the Contribution according to the provisions of the Universal Copyright Convention (UCC) and dutifully take care of all formalities in this connection in the name of the copyright holder.

2.

Rights retained by Author

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Author retains the right to republish the Contribution in any collection consisting solely of

Author’s own works without charge and subject only to notifying

JOURNAL OF FINANCE AND

BANKING

Editorial Board in writing prior to such publication of the intent to do so and to ensuring that the publication by

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Editorial Board is properly credited and that the relevant copyright notice is repeated verbatim.

3.

Warranties

Author warrants that the Contribution is original except for such excerpts from copyrighted works (including illustrations, tables, animations and text quotations) as may be included with the permission of the copyright holder thereof, in which case(s) Author is required to obtain written permission to the extent necessary and to indicate the precise source.

Author warrants that Author is entitled to grant the rights in accordance with Clause 1

“Rights Granted”, that Author has not assigned such rights to third parties, that the Contribution

has not heretofore been published in whole or in part, that the Contribution contains no libelous statements and does not infringe on any copyright, trademark, patent, statutory right or proprietary right of others, including rights obtained through licenses; and that Author will indemnify

JOURNAL OF FINANCE AND BANKING

Editorial Board against any costs, expenses or damages for which

JOURNAL OF FINANCE AND BANKING

Editorial Board may become liable as a result of any breach of this warranty.

4.

Delivery of Contribution and Publication

Author agrees to deliver a manuscript of the Contribution to the responsible Editor on a date to be agreed upon created according to guidelines provided by

JOURNAL OF FINANCE AND

BANKING

Editorial Board upon signature.

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Editorial Board will undertake the reproduction and

distribution of the Contribution and Work at its own expense and risk.

Corresponding Author signs for and accepts responsibility for releasing this material on behalf of any and all Co-Authors.

Signature of Corresponding Author: Date:

……… ………..

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FINANCE AND BANKING JOURNAL

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