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Purpose – This study aims to describe the effect of diversity of knowledge and financial capabilities on accountability for behavior control and improvement of financial performance. Design/methodology/approach – The population in this study were all branches of the Baitul Maal Wat Tamwil Sharia Savings and Loans Cooperative (KSPPS BMT) in Central Java. The sample used purposive sampling to obtain 146 respondents. Data were analyzed using the Structural Equation Modeling (SEM) analysis technique with the application of Analysis Moment of Structural (AMOS 24). Findings – The results of the study explain the increase in financial performance based on Behavioral Accounting Theory and Human Resource Management Theory. The behavior control accountability model shows that perceived interest and intention in self-confidence to control accountability behavior as indicated by behavioral intention, perceived behavioral control, process and financial accountability can affect financial performance Research limitations/implications – Where the factors of diversity of knowledge and financial capability in shaping accountability for behavior control and impact on financial performance will offer a deeper understanding of the supporting factors for accountability for behavior control and also have an impact on efforts to improve financial performance. Practical implications – A better understanding of the factors influencing improvement efforts should assist accountants in information processing, quality of judgments, accounting problems that arise with accounting users and preparers, and the use of information in accounting decision making. Originality/value – Using and explaining about improving financial performance based on Behavioral Accounting Theory and Human Resource Management Theory. The behavior control accountability model shows that perceived interest and intention in self-confidence to control accountability behavior as indicated by behavioral intention, perceived behavioral control, process and financial accountability can affect financial performance

Purpose – This study aimed to determine the extent to which the model of Hikmah Knowledge Capture Insolvency can be used as a solution in increasing knowledge and understanding good business financial management as a form of financial accountability in realizing better financial performance in addition to fill research gaps from previous research results. Design/Methodology/Approach – Respondents of this study were ATBM Weaving SMEs in Central Java. Researchers took three regencies as research objects, namely Jepara Regency, Pemalang Regency and Klaten Regency. A total of 110 respondents were selected by purposive sampling technique. The data was analyzed by using the Structural Equation Modeling (SEM) analysis technique with the application of Analysis Moment of Structural (AMOS.24). Finding – The results of the study explained that the dimensions of entrepreneurial orientation in this research variable included innovativeness, risk taking and proactivity. These variables supported the realization of financial responsibility and financial performance through understanding the conditions of liquidity difficulties (Hikmah Knowledge Capture Insolvency). Research Limitation/Implication – The measurement of Hikmah Knowledge Capture Insolvency in business financial management is only limited to SMEs weaving specifically ATBM. Practical Implication – The realization of financial responsibility in entrepreneurship orientation through the Hikmah Knowledge Capture Insolvency. Originality/Value – Using the basis of Capital Structure Theory, Knowledge Management through the concept of the Integrated Knowledge Management Cycle, and the values of Hikmah, the framework of this study is directed to address the influence between entrepreneurial orientation to financial performance through realization of Hikmah Knowledge Capture Insolvency and financial responsibility.

SMEs have contributed to labor absorption and the province's budget. However, SMEs face significant obstacles in accessing external funding. They also have a weak understanding of various financial aspects. This study aims to examine the effect of financial literacy and external funding access on the growth of SMEs. The sample population comprised SMEs in the non-agricultural sector in Jepara, Indonesia, Central Java Province. This study employed PLS-SEM statistical tools to prove the hypotheses and answer the research objectives. The study indicated that financial literacy could improve access to external funding sources, enhancing the growth of SMEs. However, financial literacy had no significant positive effect on the development of SMEs. This study also proved complete mediation with external funding as the mediator. This study is expected to be an essential reference and recommendation for reducing the unemployment rate. Additionally, it increases the prosperity and welfare of the people in Central Java Province through the establishment and development of SMEs and government policies to further intensify the program.

Efficient markets could be classified into three forms: weak, semistrong, and strong. Weak-form efficiency suggestedthat security prices reflected all trade-related information, such as historical security price movements andvolume of securities trades, so they did not relate to current price and volume. In other words historical pricemovements was independent or random over time. Thus, test of weak-form efficiency related to random walktheory. This research had two objectives. The first objective was to analyze whether Indonesian capital market wasefficient (weak-form). The second one was to analyze increasing efficient market in two different periods. Thestudy was carried out on the 6 stocks in the Jakarta Islamic Indexs (JII), based on before, while, and after globalfinancial crisis 2008. The first objective was analyzed by using run test. The result showed that most stocks wererandom in three (before, while, and after) different periods. The second one was analyzed by searching number ofstocks that were random in the three periods. The result showed there was decreasing weak-form efficiency intheperiod before and while crisis and increasing in the period before and after global financial crisis 2008.

The objective of investors to invest their money in the stock exchange was to maximize return although theywere subject to constraints, primarily risk. Return was the motivating force in the investment process. It was thereward for undertaking the investment. To overcome and lesson the risk, an investor needed to make diversificationthrough the formation of portfolio. The aim of this research was to know the return and risk from theactive and passive strategy in the stocks of LQ45, for 6 months periods, August 2009 until January 2010. Theactive strategy used the single index model and passive used the LQ45 share itself. The results of this researchindicated that active strategy (single index model): return portfolio was 5.43% and risk was 4.03%. Passivestrategy (following the index): return portfolio was 2% and risk was 3.5% and there was a linear relationshipbetween an asset’s risk and its required rate of return, the bigger the amount of return, the bigger the risk takenby investors or the reverse. The finding showed that between the two strategies, the return and risk of activestrategy as a whole was bigger than that of the passive strategy.

Pemecahan saham bukan masalah yang baru untuk Bursa Efek Indonesia, terbukti sejak periode 2010 hingga saat ini tidak kurang dari 66 emiten telah melakukan pemecahan saham baik stock split (pemecahan saham) ataupun stock reverse (penggabungan saham). Banyak pendapat bahwa stock split hanya kosmetik karena tidak ada perubahan aliran kas yang masuk ke perusahaan serta manfaat dan keunggulan bagi para pemegang saham. Banyak kontroversi hasil penelitian terkait pengaruh aksi korporasi ini terhadap nilai perusahaan dan volume perdagangan saham. Penelitian ini bertujuan menguji pengaruh stock split terhadap harga saham dan volume perdagangan saham. Empat emiten dari perusahaan yang tergabung dalam Index LQ45 Bursa Efek Indonesia dijadikan sampel dan dengan bantuan metode analisis statistic one sample t-tes danp paired Sampel t-test terbukti secara empiris bahwa pasca aksi korporasi pemecahan saham berpengaruh positip terhadap harga saham akan tetapi berpengaruh negatip terhadap volume perdagangan saham. Key Words: stock split, stock reverse, one sample t-tes, paired Sampel t-test

Penelitian ini menyelidiki pengaruh right issue terhadap kinerja keuangan perusahaan yang go public di Bursa Efek Indonesia. Sampel meliputi dua puluh satu perusahaan yang melakukan right issue dari tahun 2003-2006. Variabel penelitian adalah kinerja keuangan yang diukur dengan rasio likuiditas, leverage, profitabilitas, aktivitas, dan rasio pasar. Paired t-test dan uji Wilcoxon digunakan untuk menentukan perbedaan kinerja keuangan sebelum dan sesudah right issue. Dari rasio kinerja likuiditas, leverage, profitabilitas, aktivitas, dan rasio pasar (Rasio Lancar, Hutang Jumlah Untuk Jumlah Aktiva, Net Profit Margin, Asset Turn Over dan Rasio Price Earning) pada dua tahun sebelum dan dua tahun setelah right issue, hanya dua rasio-Harga Earning ratio dan Current Ratio secara signifikan berbeda pada sebelum dan sesudah right issue. Kedua rasio ini meningkat secara signifikan. This study investigated the effect of right issue on the financial performance of companies that go public on the Indonesian Stock Exchange. The sample included twenty-one company that does the right issue from the years 2003-2006. Research variable is financial performance as measured by the liquidity ratio, leverage, profitability, activity, and the ratio of the market. Paired t-test and Wilcoxon test used to determine differences in financial performance before and after the rights issue. From the performance ratios of liquidity, leverage, profitability, activity, and the market ratio (Current Ratio, Total Debt To Total Assets, Net Profit Margin, Asset Turn Over and Price Earning Ratio) at two years before and two years after the right issue, only two ratio--Price Earning Ratio and Current Ratio are significantly different at the before and after the rights issue. Both these ratios increased significantly.

Efficient markets can be classified into three forms: weak, semi-strong, and strong. Weak-form efficiency suggests that security prices reflect all trade-related information, such as historical security price movements and volume of securities trades, so they don’t relate with current price and volume. In other words, historical price movements independent or random over time. Thus, test of weak-form efficiency is ralated with random walk theory. This research has two objectives. The first objective is to analyze whether Indonesian capital market has been efficient (weak-form). The second one is to analyze increasing efficient market in two different periode. The study was carried out on the 10 stock in the LQ-45 index, based on crisis and after crisis during 1998 and 2006 period. The first objective was analyzed by using run and autocorrelation test. The result shows that most stock are random in two different period. The second one was analyzed by searching number stocks that is random in crisis and after crisis period. The result shows there is not increasing weak-form efficiency