May 11-12, 2019Istanbul Gonen Hotel, Istanbul Turkey

Innovation and EconomicsMarketing Management, Leadership,

TFCR 2nd International Conference on

MMLE-2019

With many thanks to our Sponsors and Partners

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TABLE OF CONTENTS

SCIENTIFIC COMMITTEE 5

ORGANIZING COMMITTEE 6

CONFERENCE TRACKS 7

CONFERENCE CHAIR MESSAGE 8

CONFERENCE SCHEDULE 9

Conference Day 02 (May 12, 2019) 11

TRACK A 12

BUSINESS, ECONOMICS AND SOCIAL SCIENCES 12

Audit Committee as a Monitoring Mechanism, Does it Recover Negative Effect of Family Ownership onValue of Thai Firms? 13

Development and Validation of Self-Regulation Process to Increase Heart Rate Variability Coherence 14

The Syaria Economic Manifestation In The Samin Tribes Perspective 15

The Village Financial Management System, A Policy Towards Independent Villages 16

Place Branding: An Alternative Model for Empowering Small and Medium Enterprises (SMEs) 17

Impact of Existence of Religious Tourism to The Development Community Economy in MojokertoRegency 18

Local Wisdom-Based Creative Economy Model To Increase the Global Competitiveness 19

The Effect of Audit Opinion, Public Accounting Firm Size, Financial Distress, Audit Committee onAuditor Switching in Indonesia 20

UP COMING EVENTS 21

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Book of Abstracts Proceedings

All rights reserved. Without the consent of the publisher in written, no individual or entity is allowed to repro-duce, store or transmit any part of this publication through any means or in any possible form. For obtaining writtenpermission of the copyright holder for reproducing any part of the publication, applications need to be submitted tothe publisher.

DisclaimerAuthors have ensured sincerely that all the information given in this book is accurate, true, comprehensive, and correctright from the time it has been brought in writing. However, the publishers, the editors, and the authors are not tobe held responsible for any kind of omission or error that might appear later on, or for any injury, damage, loss, orfinancial concerns that might arise as consequences of using the book. The views of the contributors stated might servea different perspective than that of the TFCR.

Istanbul, Turkey | May 11-12, 2019ISBN: 978-602-74135-3-0

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SCIENTIFIC COMMITTEESocial Sciences and Humanities

Dr. Mohamed Hamdoun Sicong ZhuDepartment of Management, Dhofar University Beijing Jiaotong University, ChinaEugene Jud Dr. Retno AstutiCalifornia Polytechnic State University, San Luis Obispo,USA

Technology of Agricultural Industry, University of Braw-ijaya, Indonesia

Prof. Dr. Uur YAH Prof. Dr. Nilhan KAYAMAN APOHANMarmara University Marmara UniversityDo.Dr. Glhanm NSAL Prof. Dr. Sevil SARGINMarmara University Marmara UniversityDo. Dr. Ouz Ko Yrd. Do. Dr. Muhsin ztrkstanbul Esenyurt University, Turkey stanbul Esenyurt University, TurkeyProf. Dr. Turul Bayazt KATOLU Asst. Prof. Dr. Hamide TACRKadir Has University Kadir Has UniversityProf. Dr. Volkan . EDGER Assoc. Prof. Dr. Habib ENOLKadir Has University Kadir Has UniversityAssoc. Prof. Dr. Habib ENOL Prof. Dr. Hasan ERMANKadir Has University Kadir Has UniversityMakine Mhendislii Blm Jeoloji Mhendislii BlmEskiehir Osmangazi University Eskiehir Osmangazi University

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ORGANIZING COMMITTEE

Mehmet BilenConference ChairEmail: Mehmet.bilen@turfcr.com

Dilek EnverConference SupervisorEmail: dilek.Enver@turfcr.com

Sevda SancakConference ChairEmail:sevda.sancak@turfcr.com

Erol BasakConference SupervisorEmail:erol.basak@turfcr.com

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CONFERENCE TRACKS

• Social and Community Studies• Arts• Humanities• Civic and Political Studies• Cultural & Global Studies• Environmental Studies• Organizational Studies• Educational and Communication Studies• Economics, Finance & Accounting• Business and Management Studies• Computer and Software Engineering• Mechanical & Metallurgical Engineering• Electrical & Electronics Engineering• Civil Engineering• Bio-Technology & Food Technology• Chemistry & Chemical Engineering• Physical, Applied and Life Sciences• Interdisciplinary• Medical and Health Sciences• Paramedical Sciences• Medicine Sciences• Biological and Life sciences• Veterinary Medicine and Sciences• Food Science & Nutrition• Agricultural sciences• Interdisciplinary

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CONFERENCE CHAIR MESSAGE

Sevda Sancak“International Conference of Turkish Forum for Collaborative Research (TFCR) ” is a platform that thrives to supportthe worldwide scholarly community to analyze the role played by the multidisciplinary innovations for the bettermentof human societies. It also encourages academicians, practitioners, scientists, and scholars from various disciplinesto come together and share their ideas about how they can make all the disciplines interact in an innovative way andto sort out the way to minimize the effect of challenges faced by the society. All the research work presented in thisconference is truly exceptional, promising, and effective. These researches are designed to target the challenges thatare faced by various sub-domains of the social sciences, business and economics, applied sciences, engineering andtechnology, health and medical sciences.I would like to thank our honorable scientific and review committee for giving their precious time to the review processcovering the papers presented in this conference. I am also highly obliged to the participants for being a part of ourefforts to promote knowledge sharing and learning. We as scholars make an integral part of the leading educated classof the society that is responsible for benefitting the society with their knowledge. Let’s get over all sorts of discrim-ination and take a look at the wider picture. Let’s work together for the welfare of humanity for making the world aharmonious place to live and making it flourish in every aspect. Stay blessed.

Thank you.Sevda SancakConference ChairEmail: sevda.sancak@turfcr.com

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CONFERENCE SCHEDULE

TFCR-2019

Venue: Istanbul Gonen Hotel, Istanbul Turkey

Time: Registration & Kit Distribution (09:00 - 09:10 am)Day: Saturday

Date: May 11, 2019

Venue: Room 1

09:10 am - 09:20 am Introduction of Participants09:20 - 09:30 Inauguration and Opening address09:30 - 09:40 Grand Networking Session

Tea/Coffee Break (09:40 - 10:-00 am)

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DAY 01 Saturday (May 11, 2019)First Presentation Session (10:00 am - 01:00 pm)

Venue: Room 1Session Chair: Sevda Sancak

Presenter Name Manuscript Title Paper IDTrack A: Business, Economics and Social Sciences

Asst. Prof. Dr. Wonlop Buachoom Audit Committee as a Monitoring Mechanism, does it RecoverNegative Effect of Family Ownership on Value of Thai Firms?

MMLE-MAY19-06

Fariburz Irani Development and validation of self-regulation process to in-crease Heart Rate Variability Coherence

MMLE-MAY19-07

Puji Handayati The Syaria Economic Manifestation In The Samin Tribes Per-spective

MMLE-MAY19-04

Sulis Rochayatun The Village Financial Management System, A Policy TowardsIndependent Villages

MMLE-MAY19-08

Mrs. Sudarmiatin Place Branding: An Alternative Model For Empowering SmallAnd Medium Enterprises (Smes)

MMLE-MAY19-01

Humam Elagha Key It Considerations For Internal Audit: Effective it Gover-nance Processes - A Case Of Bahrain

MMLE-MAY19-02

Ludi Wishnu Wardana Impact Of Existence of Religious Tourism to the DevelopmentCommunity Economy In Mojokerto Regency

MMLE-MAY19-09

Ana Sopanah Local Wisdom-Based Creative Economy Model to Increase theGlobal Competitiveness

MMLE-MAY19-10

Retna Safriliana The Effect of Audit Opinion, Public Accounting Firm Size, Fi-nancial Distress, Audit Committee on Auditor Switching In In-donesia

MMLE-MAY19-11

Lunch & Ending Note: (01:00 - 02:00 pm)

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Conference Day 02 (May 12, 2019)

Second day of conference will be specified for touristy. Relevant expenses are borne by Individual him/herself.

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TRACK A

BUSINESS, ECONOMICS AND SOCIAL SCIENCES

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Audit Committee as a Monitoring Mechanism, Does it Recover NegativeEffect of Family Ownership on Value of Thai Firms?

*Asst. Prof. Dr. Wonlop BuachoomFaculty of Accountancy, Rangsit University, Pathumthani, Thailand

Corresponding Email: wonlop.b@rsu.ac.th

Keywords: Corporate Governance, Audit Committee, Family Ownership, Thailand

An audit committee plays its crucial roles in corporate governance system, so it helps to balance the rightsand benefits among related stakeholders. When the evidence of negative effect of family ownership on firm valuehave been found, this study questions that whether good characteristics of an audit committee have moderate effecton family ownership and firm value relationship. To find out the research question, using the three-level hierarchicalregression, the 10-year data from 2008 to 2017 of the companies in the SET100 in the Thai stock market are collectedand tested. The evidence confirms the negative effect of family ownership on firm value, but an audit committee withhigher independence and with more frequent of meeting can perform effectively in preventing the negative effect ofthe family members as controlling shareholders.

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Development and Validation of Self-Regulation Process to Increase HeartRate Variability Coherence

1*Fariburz Irani, 2Gunjan Trivedi, 3 Dr. Neeta Sinha1,2,3School of Liberal Studies, Pandit Deendayal Petroleum University, Gandhinagar, Gujarat, India

Corresponding Email: iranifari@gmail.com

Keywords: Heart Rate Variability, HRV, Humming, Breathing

This study was aimed at researching the effects of guided breathing and humming on Heart Rate Coherence.Research indicates that HRV (an important autonomic function measure) was significantly associated with regionalcerebral blood flow in ventromedial prefrontal cortex (including anterior cingulate regions) and the amygdala. Slowbreathing and humming both enhance Heart Rate Variability coherence. The purpose was to articulate specific hum-ming activities and identify their relationship with HRV to establish an optimum pattern that is likely to maximizethe HRV. This customized humming pattern was leveraged to measure the effect of the pattern on autonomic nervoussystem parameters and also on cognition. The subjects were asked to breathe in a pattern proven to maximize reso-nance breathing and then they were also asked to practice different forms of humming and it was seen that hummingincreased HRV significantly more than their baseline and also more than breathing. The optimum humming patternwas identified and then relayed to the subjects. One humming pattern for 13s stood out as the best one amongst therest and worked the best for a majority of the people.

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The Syaria Economic Manifestation In The Samin Tribes Perspective1*Puji Handayati, 2Ike Sulaili Sofiyanti

1,2Universitas Negeri MalangCorresponding Email: puji.handayati.fe@um.ac.id

Keywords: Samin, Arisan, Local Wisdom, Syariah Accounting, Ethnomethodology

The purpose of this research is to determine the form of syariah economic in Samins prespective. This re-search uses ethnomethodology approach. The results showed that the local wisdom of the Samin is gotong-royong,honest, patient, trokal (work), and narimo (sincere). The result also indicates that there are 3 types of Arisan in theSamin namely Arisan biasa, Arisan gotong-royong and Arisan lembu. In the context of Arisan tradition, the value oflocal wisdom gotong-royong is internalized in the activity of savings and loan in Arisan gotong-royong and discussionin Arisan lembu. Meanwhile, the value of wisdom honesty is internalized in the accountability of financial recordsof arisan. Implementation of Arisan tradition background of local wisdom of Samin society can actually be classifiedin Islamic economic system where in execution has no system of interest or usury. Arisan system that exist in Samintribe is almost same with mudhorobah principle in syariah accounting system

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The Village Financial Management System, A Policy Towards IndependentVillages

1*Sulis Rochayatun, 2Puji Handayati1,2Universitas Negeri Malang

Corresponding Email: puji.handayati.fe@um.ac.id

Keywords: EuVillage Financial System, Village Financial Management, Independent Village

The ultimate focus of this research is to find out how to improve the capabilities of the Village Apparatusand the preparation of the Guidance Book for IT-based Village Finance Administration towards Good Village Gov-ernance. Then, this research also focuses on mentoring activities in 15 villages in Gempol sub-district. Assistanceresults in 15 villages in Gempol Subdistrict, Pasuruan Regency, show that village financial management software canbe applied properly. Assistance results in 15 villages in Gempol Subdistrict, Pasuruan Regency, show that village fi-nancial management software can be applied properly. Although there are still some difficulties in implementation dueto the lack of skills of the village apparatus due to age and parameter constraints that need to be adjusted. In general,the software still needs to be refined related to the filling and storage stages that are still considered inefficient. On theother hand, a tutorial guide book that has been tested from several aspects is considered very adequate. The usefulnessof the village financial management guide book is very helpful for beginners in applying village financial managementsoftware.

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Place Branding: An Alternative Model for Empowering Small and MediumEnterprises (SMEs)

*Mrs. SudarmiatinEconomics Faculty, Universitas Negeri Malang, Indonesia

Corresponding Email: sudarmiatin09@gmail.com

Keywords: Place Branding, Empowerment of SMEs

In the era of globalization, the growth of SMEs in Indonesia experienced several obstacles including the limitedhuman resources in mastering technology. However, this does not mean that SMEs stop growing, because there arestill other ways to empower SMEs through place branding. Tsai & Wang (2017) and Lee et al. (2015) suggested thatplace branding can elevate local culinary to become famous as a food tourist destination. Malang City is one of thecities in East Java, Indonesia which have many SMEs. One of Malang City’s efforts to empower SMEs is to make aplace branding Tugu tourism market. This study aims to (1) describe the implementation of place branding on Tugutourism market (2) analyzing the effectiveness of SMEs empowerment through Tugu tourism market (3) analyzingthe process of developing place branding becomes a destination branding. Research design is a qualitative case study.The research subjects were SMEs in Tugu tourism market, tourism office and Trade and Industry office. The researchinstrument uses interview guidelines, observation sheets and documentation. Data analysis used the formula Miles,Huberman and Saldana (2014) with stages (1) data condensation (2) display data and (3) conclusion drawing. Theresults showed that (1) Tugu tourism market in the city of Malang was able to accommodate as many as 459 SMEs,which were all based on local wisdom. (2) The effectiveness of place branding can be seen from the increase in SMEsincome to 150%, and its contribution on Regional Original Income reaching IDR 120,000,000 per year (3) The processof the Tugu market from place branding to being a destination branding requires a very long time. Advice for SMEsjoining the Tugu market is not to stop innovating in order to increase competitiveness and attracting tourists’ attention.The implication of this research is the need for clear regulations regarding the location, beauty, comfort and safety ofTugu tourism market.

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Impact of Existence of Religious Tourism to The Development CommunityEconomy in Mojokerto Regency

*MR. Ludi Wishnu WardanaUniversitas Negeri Malang, Indonesia

Corresponding Email: ludi.wishnu.fe@um.ac.id

Keywords: Tourism, Religion, Economic Development

Religious tourism is one type of tourism product that is closely related to trust and beliefs held by someone. Objectsof religious tourism are usually in the form of places of worship, clerical tombs, as well as relics of civilization historyor certain religions. One of the religious tours for Muslims who are quite popular is the pilgrimage to the tombs ofthe holy people or the Wali Sango. Syech Jumadil Kubro is one of the guardians or figures who first spread Islamin Java. He is the ancestor of the saints in Java The research approach used in this study is qualitative. The researchlocation is the scope of the research for the conduct of research. The location of this research was the Syech JumadilKubro’s Tomb area located in Sentonorejo Trowulan Mojokerto East Java. Key informants included business peoplearound the Tomb area The results of the study shown that:1)there are various kinds of business opportunities for thecommunity around religious tourism objects in the tomb area; 2)there is an increase in income of traders in religioustourism objects; 3)there is absorption of labour in religious tourism objects in the tomb area;4)the contribution tourismincludes income from business activities and the development of infrastructure to support economic activities in thetomb area.

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Local Wisdom-Based Creative Economy Model To Increase the GlobalCompetitiveness

*Ana SopanahWidyagama University of Malang,Indonesia

Corresponding Email: anasopanah@widyagama.ac.id

Keywords: Creative Economy, competitiveness, local wisdom, Batik.

Creative Economy is a concept that develops based on the potential of creative assets that generate economicgrowth and progress. It also contributes significantly to the economic growth in the Greater Malang Region. A previousresearch had a contribution in updating data and identifying the characteristics of Creative Economy in Malang. It wasfound that the number of creative economy actors in Malang was 2,191 grouped into 16 creative economy sub-sectors.The crafts, fashion, and culinary were the most potential sub-sectors to be developed in Malang with an averagenumber of workers around 1-4 people. The strategy of Creative Economy in Malang was considered stable by seeinggradual growth based on priority scale. This study was aimed at developing a creative economy model that focuses onlocal wisdom. As a qualitative research, the researchers used Analytical Hierarchy Process (AHP). The results showedthat the creative economy model developed was Batik that was in accordance with local wisdom in Malang.

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The Effect of Audit Opinion, Public Accounting Firm Size, FinancialDistress, Audit Committee on Auditor Switching in Indonesia

1*Retna Safriliana,2Retna Safriliana Siti Muawanah1,2University of Merdeka Malang,Indonesia

Corresponding Email: retnasafriliana@yahoo.com

Keywords: Auditor Switching, Audit Opinion, Public Accountant Firm Size, Audit committee

This study aims to examine the effect of audit opinion, public accounting firm size, financial distress, audit com-mittee on auditor switching. This research is a explanatory research to re-examine some research that has been donepreviously similar research to strengthens research on auditor switching.The sample of this research is 50 companiesselected by sample random sampling at manufacturing company listed in Indonesia stock exchange in year 2011-2016,so the amount of sample in this research 300 company. Analysis of the data used is logistic regression, for auditorswitching variables measured by dummy variables. The results of this study, showed that public accounting firm sizeand audit committee affect the auditor switching, while the audit opinion and financial distress does not affect theauditor switching. The Limitation of this study was the sample only manufacturing company in Indonesia. May be tothe future research, We hope that on sample auditor switching will be extended to several countries.

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UP COMING EVENTS

You can find the details regarding our upcoming events by following below:

http://turfcr.com/2019-june-bmesd-turkey-event/

http://turfcr.com/2019-july-esibm-turkey-event/

http://turfcr.com/2019-october-mbts-turkey-event/

http://turfcr.com/2019-november-mbefs-turkey-event/

http://turfcr.com/2019-december-gcsbe-turkey-event/

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