Wiga : Jurnal Penelitian Ilmu Ekonomi http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga <p style="text-align: justify;">Wiga : Jurnal Penelitian Ilmu Ekonomi or Wiga : Economic Sciences Research Journal was published by Institut Teknologi dan Bisnis Widya Gama Lumajang since March 2011. In 2019, Wiga : Jurnal Penelitian Ilmu Ekonomi collaborated with the Indonesian Accountants Association of Educators Accountant Compartment (IAI-KAPD) to continue to improve its quality. Wiga : Jurnal Penelitian Ilmu Ekonomi publishes scientific articles focusing on issues relating to empirical investigations in the economic field. Wiga : Jurnal Penelitian Ilmu Ekonomi is published twice a year in March and September. WIGA also uses the LOCKSS system to ensure safe and permanent records for journals. The Wiga: Jurnal Penelitian Ilmu Ekonomi, Abstract and Indexing in Google Scholar, SINTA, GARUDA, DOI Crossref.</p> en-US jurnalwiga@gmail.com (Deni Juliasari) hasyimasyarimail@gmail.com (Hasyim Asyari) Thu, 30 Sep 2021 00:00:00 +0700 OJS 3.2.1.4 http://blogs.law.harvard.edu/tech/rss 60 Profitability, Managerial Ownership, And Investment Opportunity Set On Dividend http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/667 <p>Dividend payment is one way to reduce agency costs between the company and shareholders. However, in facts that not all companies listed on the Indonesia Stock Exchange in 2016-2018 distribute dividends continuously. This study aims empirically to examine the effect of profitability, managerial ownership and investment opportunity sets on dividends. The population of this study are all listed companies on the Indonesia Stock Exchange which carry out corporate actions in the distribution of cash dividends at the Indonesian Central Securities Depository (KSEI). The research sample of 18 companies from various industries which carried out corporate actions at KSEI. This research is a quantitative study using the common effect panel data regression . The results showed that profitability had a positive effect on the dividend payout ratio and the investment opportunity set had a negative effect on the dividend payout ratio. This research contributes that the adequacy of internal funding affects the level of dividend distribution. In addition, companies that have high and stable profitability will tend to distribute dividends continuously. Conversely, if the company has many investment projects in the future, the dividend distribution will be smaller as long as the company is still focused on investment projects.</p> Rino Tam Cahyadi, Tarsisius Renald Suganda Copyright (c) 2021 Rino Tam Cahyadi, Tarsisius Renald Suganda http://creativecommons.org/licenses/by-sa/4.0 http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/667 Thu, 30 Sep 2021 00:00:00 +0700 Organizational Commitment Is Not An Important Thing To Employees Performance http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/711 <p>Performance is a job target, this research aim to find the contribution or effect of competence and job satisfaction through organizational commitment to performance with a sample of 83 employees of PDAM Kota Probolinggo, using path analysis with multiple linear regression with the amos application, giving the results that: competence and job satisfaction are not significant effect on organizational commitment, thus organizational commitment is not able to mediate employee competence and job satisfaction on employee performance results, and job satisfaction also does not significantly affect performance, only employee competence has a significant effect on employee performance, Componnents that need attention are motives, systems supervision, system operational procedures, co-workers and satisfaction with salaries</p> Ngatimun Ngatimun, Hermanto Hermanto, Mohammad Syarif H Elmas Copyright (c) 2021 Ngatimun Ngatimun, Hermanto Hermanto, Mohammad Syarif H Elmas http://creativecommons.org/licenses/by-sa/4.0 http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/711 Thu, 30 Sep 2021 00:00:00 +0700 Impact of Government Expenditure on Poverty Rate Reduction in East Java Province http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/606 <p>East Java is a province with a number of poor people, but on the other hand, both nationally and province, there is a reduction in poverty and inequality. This study aims to examine the effect of government expenditures on reducing poverty through economic growth and increasing the Human Development Index (HDI) in East Java Province 2015-2019. This research uses explanatory research type. Research variables include independent variables in the form of government expenditure, intervening variables namely economic growth and HDI or Human Development Index, and the dependent variable, namely poverty. Data analysis was performed using path analysis. The test results show that government Expenditure (GEXP) has no effect on Economic Growth (EG). Government Expenditure (GEXP) has no effect on the Human Development Index (HDI). Government Expenditure (GEXP) has no effect on Poverty (P). Economic Growth (EG) has no effect on poverty (P). The Human Development Index (HDI) has a significant effect on Poverty (P). Based on these results, it can be concluded that poverty alleviation can be achieved if there is an increase in the quality of human resources as reflected in the HDI.</p> Dya Ayu Fitaloka Candra Kartika, Sebastiana Viphindrartin, Herman Cahyo Diartho Copyright (c) 2021 Dya Ayu Fitaloka Candra Kartika, Sebastiana Viphindrartin, Herman Cahyo Diartho https://creativecommons.org/licenses/by-nc/4.0 http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/606 Thu, 18 Nov 2021 00:00:00 +0700 Formation of Optimal Portfolio Using Single Index Model in Investment Decisions http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/712 <p>The objective to be achieved in this study is to analyze the extent to which the return and risk of the optimal portfolio that is formed provides better performance than the return and risk of individual stocks. While the data needed to support this analysis are in the form of stock price data, the Composite Stock Price Index, and Bank Indonesia Certificates. The samples selected in this study were 34 companies based on sampling techniques, namely using sampling techniques purposive, means choosing a sample from a set of populations based on certain considerations or criteria set by the researcher. The data analysis method used is to compare the return and risk of the optimal portfolio with the return and risk of individual stocks to show that diversification through the formation of an optimal portfolio using a single index model can minimize investment risk. The results show that portfolio returns tend to be greater than individual stock returns. And portfolio risk is lower than the risk of individual stocks. So that the return and risk from the optimal portfolio that is formed give better performance than the return and risk of individual stocks.</p> Joni Hendra, Khusnik Hudzafidah, Siti Chamdanah Copyright (c) 2021 Joni Hendra, Khusnik Hudzafidah, Siti Chamdanah http://creativecommons.org/licenses/by-sa/4.0 http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/712 Thu, 30 Sep 2021 00:00:00 +0700 Determinant of Audit Fee http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/608 <p>The credibility of financial reports is very important to increase the trust of parties outside the company. Several studies identified audit costing as providing credible evidence that a client's financial condition at risk demands more rigorous audit procedures. This study aims to identify whether Corporate Social Responsibility (CSR) and Good Corporate Governance (GCG) have an impact on audit costs. The research data are companies that have been registered in the Corporate Governance Perception Index (CGPI) for the period 2016 to 2018. The study population was 50 companies, while the research sample was 33 companies using a purposive sampling technique. The results of the regression analysis show that CSR does no effect on audit costs, the CSR program carried out and disclosed by the company is not included in the audit of the client's business by the auditor. Thus, the size of the CSR disclosure cannot affect audit costs. Meanwhile, GCG has a positive effect on audit costs. Companies with a good CGPI score can pay more audit fees because they have higher financial standards, so they choose the big four KAP which are more integrated and qualified.</p> Retno Cahyaningati, Muhammad Miqdad, Alwan Sri Kustono Copyright (c) 2021 Retno Cahyaningati, Muhammad Miqdad, Alwan Sri Kustono http://creativecommons.org/licenses/by-sa/4.0 http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/608 Thu, 30 Sep 2021 00:00:00 +0700 Determinants of Consumer Purchase Decisions with Price and Personal Factors as Control Variables http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/771 <p>Research on the factors that influence consumer decisions to buy goods at Indomaret campus area, Jember. The purpose of this study is to analyze the effect of store layout and interior display on purchasing decisions. The number of samples used in this study was 50 people with purposive sampling and quota sampling techniques. The data collection method used in this study used a questionnaire. The analysis used includes data instrument test (validity test and reliability test), multiple linear regression analysis. From the results of data analysis, it can be seen that store layout has a positive effect on consumer decisions to make purchases at Indomaret. Meanwhile, the Interior display has no effect on consumer purchasing decisions at Indomaret. This shows that consumers do not pay much attention to the things contained in the interior display, such as store design according to the day of celebration, provision of baskets, and advertisements in the store. After entering the control variables, namely price variables, and personal factors, the test results both show that store layout and interior display have no effect on consumer decisions to make purchases at Indomaret.</p> Imam Abrori, Reiga Ritomiea Ariescy Copyright (c) 2021 Imam Abrori, Reiga Ritomiea Ariescy http://creativecommons.org/licenses/by-sa/4.0 http://ejournal.stiewidyagamalumajang.ac.id/index.php/wiga/article/view/771 Thu, 30 Sep 2021 00:00:00 +0700