Research Paper
Year: 2019 | Month: October | Volume: 6 | Issue: 10 | Pages: 57-66
The Implementation of Indonesian Valuation Standards Based on Work Ethics and Self-Improvement: Case to Improve the Appraiser’s Performance
Elisabet Siahaan1, Khaira Amalia Facruddin1, Rina br Bukit2
1Department of Management, 2Department of Accounting,
Faculty of Economics and Business, Universitas Sumatera Utara, Medan, Indonesia
Corresponding Author: Elisabet Siahaan
ABSTRACT
The presence of appraisers in the nation's economic development is very helpful in estimating the value and feasibility of business. This study aims to evaluate and produce a performance improvement model for appraisers by employing Indonesian Valuers Code of Ethics (KEPI). This research also helped to map the implementation of KEPI for appraiser communities in Medan. The sample of this study was the appraiser community in Medan. A total of 120 Appraisers in Medan City participated in this study. Data were collected using interview methods and distribution of research questionnaires. Data were analyzed descriptively and inferentially with structural equations to evaluate the research model. The results of the study indicate that at present the appraisers in Medan have well upheld the code of ethics contained in KEPI. Inferential analysis indicates that the code of ethics is the key in building the capabilities of the self and performance of the appraiser. The willingness of the appraiser to apply the code of ethics during the assessment process will significantly affect his/her capability. The assessment capability in this study acts as a partial mediator, because without the presence of capability as a mediation variable, ethics still have a significant effect on the performance of the appraiser in Medan. The capability of the appraiser significantly influences the performance of the appraiser. Moreover, self-development will be the key to improve one’s performance as whole.
Key words: Appraiser Performance, Code of Ecthics, Self-Improvement, Capabilities, Assessment
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