Vol. 21 No. 1 March 2020 Economic, Business, Management, and Information System Journal WINNERSThe Journal P-ISSN: 1412-1212 E-ISSN: 2541-2388 Editor in Chief Arta Moro Sundjaja Bina Nusantara University, Indonesia Managing Editors Nico Surantha Bina Nusantara University, Indonesia Christian Harito Bina Nusantara University, Indonesia National Editor Board Dr Dhiresh Kulshrestha University Rajkot -Gujarat (India), India Halimin Herjanto Marist College, United States Martin Thomas Falk University of South-Eastern Norway, Norway Prof. Sangeeta Sahney Indian Institute of Technology Kharagpur, India Sivadass Thiruchelvam Universiti Tenaga Nasional Putrajaya, Malaysia Yudi Fernando Universiti Malaysia Pahang, Malaysia Elia Ardyan Surakarta Economics College, Indonesia Hendry Hartono Bina Nusantara University, Indonesia Sevenpri Candra Bina Nusantara University, Indonesia Language and Layout Editor Shavira Sarashita Bina Nusantara University, Indonesia Dina Nurfitria Bina Nusantara University, Indonesia Eka Yanti Pangputri Bina Nusantara University, Indonesia Atmawati Bina Nusantara University, Indonesia Holil Bina Nusantara University, Indonesia Secretariat Dewi Novianti Bina Nusantara University, Indonesia Description The Winners is a semiannual journal, published in March and September. The Winner focuses on various issues spanning in economics, business, management, and information system through this scientific journal. The Winners has been acredited by DIKTI under the decree number 34/E/KPT/2018 (SINTA 3) and indexed by Academic Research Index (Research BIB), Microsoft Academic Search, Garda Rujukan Digital (Garuda); Bielefeld Academic Search Engine (BASE), World Catalogue (WorldCat) and Google Scholar, and Indonesian Research Repository (Neliti). Research and Technology Transfer Office, Bina Nusantara University, Anggrek Campus, Jl. Kebon Jeruk Raya 27, Kebon Jeruk, Jakarta Barat 11530, Tel. +621-5350660 ext. 1705/1708, Fax.+621-5300244, E-mail: asundjaja@binus.edu, dnovianti@binus.edu, thewinners@binus.edu, https://journal.binus.ac.id/index.php/winners CONTENTS Bernadeta Susilo Martanti; Dessy Astuti Hermanto; Elin Noviyanti; Windy Rizkika Andriany Integrated Reporting and Investment: How are They Related? .......................................................... 1-6 Ni Made Adelia Clarita; Shannon Baladewa Zimbalist; Rini Setiowati Factors Impacting Customer Attitude toward Buying Halal Cosmetics in Jabodetabek .............................. 7-13 William Vincent Setiawan; Vernawati Eva Fitrisna; Fairuz Michellianouva; Celly Septine Mayliza Cyberbullying Phenomenon of High School Students: An Exploratory Study in West Kalimantan, Indonesia ..... 15-20 Pauline Henriette Pattyranie Tan Trade Integration Indonesia-ASEAN4 in AEC Era: A Case of Wood-based Products ................................... 21-26 Meilina Pudjiani; Yusman Syaukat; Tony Irawan Optimum Portfolio Analysis of Black-Litterman Model in The Indonesian Stock Exchange on Consumer Goods Industrial Sector ........................................................................................... 27-33 Surono; Tulus Suryanto; Erike Anggraini Comparing Cost Leadership Strategy with Differentiation Strategy towards Firm Performance on Jakarta Islamic Index....................................................................................................... 35-41 Agustinus Winoto; Yosman Bustaman Impact of Liquidity, Ownership, Global Financial Crisis and Capital Adequacy Ratio on Indonesian Banking Profitability Period 2007-2016 ........................................................................ 43-48 Erin Wijayanti; Indah Yuliana Risk Profile, Secure Bond, and Bond Rating in Banking Industry ........................................................ 49-57 Levyda; Tri Nur Ismi Effective Advertising Location in the Commuter Line: Study Cases in Jakarta and Surrounded Cities in Indonesia .............................................................. 59-66 Paulina Tjandrawibawa The Effect of Using Instagram Influencers in Building Conseva’s Brand Awareness................................... 67-73 P-ISSN: 1412-1212 E-ISSN: 2541-2388 Vol. 21 No. 1 March 2020 Economic, Business, Management, and Information System Journal WINNERSThe Journal