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Journal : Journal of Economics

ANALISIS EFISIENSI PENERAPAN MANAJEMEN RISIKO TERHADAP KINERJA KEUANGAN PT BANK NEGARA INDONESIA Nugroho, Muchammad Rio; Haq, Muhammad Hadyul; Hakim, Yusril Rahman; Ladi Wajuba Perdini Fisabilillah; Tony Seno Aji
Jurnal Ekonomika : INDEPENDEN Vol 5 No 1 (2025): April 2025
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/independent.v5i1.66076

Abstract

This study aims to analyze the efficiency of risk management implementation on the financial performance of PT Bank Negara Indonesia (Persero) Tbk (BNI) using the Data Envelopment Analysis (DEA) method. The input variables used are Non-Performing Loan (NPL), Loan to Deposit Ratio (LDR), and Operating Expenses to Operating Income (BOPO), while the output variables include Return on Assets (ROA) and Return on Equity (ROE). The research findings indicate that perfect technical efficiency (VRSTE = 1.000) was achieved every year during the study period (2019–2023), while full efficiency (CRSTE = 1.000) was only achieved in 2019, 2022, and 2023. In 2020 and 2021, scale efficiency was low, with an average CRSTE over five years of 0.776, indicating that BNI has not fully achieved optimal efficiency in its risk management. The study concludes by emphasizing the need to improve scale efficiency, particularly in certain years, to achieve more optimal financial performance.
PENGARUH BITCOIN DAN EMAS TERHADAP HARGA SAHAM PERBANKAN YANG TERDAFTAR DI BEI Yusril Rahman Hakim; Muchammad Rio Nugroho; Muhammad Hadyul Haq; Ladi Wajuba Perdini Fisabilillah; Tony Seno Aji
Jurnal Ekonomika : INDEPENDEN Vol 5 No 1 (2025): April 2025
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/independent.v5i1.66077

Abstract

The banking sector plays a crucial role in Indonesia's economy, making it essential to investigate factors influencing banking stock prices. This study aims to analyze the impact of Bitcoin prices, gold prices, and BI Rate on banking stock prices listed on the Indonesia Stock Exchange from January 2022 to November 2024. The research employs a quantitative approach using panel data regression with a Random Effect Model (REM). The data used are secondary data sourced from Investing.com. The results indicate that Bitcoin prices and BI Rate have a positive and significant impact on banking stock prices, while gold prices show no significant effect. This implies that Bitcoin, as an alternative digital asset, increasingly affects financial market dynamics, whereas gold is more of a safe-haven asset with no direct correlation to banking stocks. The rising BI Rate reflects the positive performance of banking firms, thereby attracting investors' interest. This study provides insights into the roles of alternative investment instruments and monetary policy in shaping the dynamics of banking stock markets.
ANALISIS HUBUNGAN KETIDAKPASTIAN KEBIJAKAN MONETER THE FED TERHADAP PDB DEFLATOR INDONESIA : (ANALISIS HUBUNGAN KETIDAKPASTIAN KEBIJAKAN MONETER THE FED TERHADAP PDB DEFLATOR INDONESIA) Sukma Falih, Daffa; Seno Aji, Tony
Jurnal Ekonomika : INDEPENDEN Vol 5 No 1 (2025): April 2025
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/independent.v5i1.66092

Abstract

This research aims to determine the Fed’s monetary policy relationship as measured using the Monetary Policy Uncertainty (MPU) index, Consumer Price Index, Commodity Exports, and Exchange Rates on GDP on its Causality to Indonesia’s GDP Deflator. This research uses a quantitative approach with quarterly time series data from 2000 to 2023. The data is secondary from the Federal Reserve Economic Data (FRED). In addition, Granger Causality analysis was used to analyze the causality between variables. The results show that there is no bidirectional causality between variables. However, there is only unidirectional causality especially the MPU Index to the GDP Deflator and Export Commodity to the GDP Deflator.
Pengaruh Inflasi, JUB, BI Rate, dan Ekspor Terhadap Nilai Tukar di Indonesia Berliana, Eva; Tony Seno Aji
Jurnal Ekonomika : INDEPENDEN Vol 5 No 2 (2025): Agustus 2025
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/independent.v5i2.72308

Abstract

Salah satu faktor makroekonomi yang paling signifikan adalah nilai tukar karena perubahannya berpotensi mempengaruhi aktivitas dan stabilitas ekonomi, terutama dalam hal perdagangan dan investasi dalam skala global. Ketidakstabilannya dapat berdampak pada arus modal perdagangan. Semua data yang digunakan dalam penelitian ini menggunakan data sekunder yang diperoleh dari situs web one trade data, Badan Pusat Statistik dan Bank Indonesia. Penelitian ini menggunakan pendekatan analisis deskriptif kuantitatif dengan metode analisis regresi linier berganda untuk mengetahui sejauh mana variabel independen mempengaruhi variabel dependen menggunakan SPSS 2023. Secara simultan variabel Tingkat Inflasi, Jumlah Uang Beredar, BI Rate, dan Ekspor mempengaruhi variabel Nilai Tukar (KURS). Secara parsial, variabel inflasi, JUB, dan Ekspor mempengaruhi Nilai Tukar sedangkan variabel BI Rate tidak berpengaruh.
Pengaruh PDRB, Upah Minimum, Investasi Terhadap Penyerapan Tenaga Kerja di Provinsi Jawa Timur Rahmatuz Zainiya Salsabilla; Tony Seno Aji
Jurnal Ekonomika : INDEPENDEN Vol 5 No 2 (2025): Agustus 2025
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/independent.v5i2.72567

Abstract

East Java Province as one of the regions with the highest economic growth in Indonesia has great potential in employment. This study aims to determine the effect of GRDP, Minimum Wage and Investment on employment in 38 cities / regencies in East Java Province in 2017-2023. The method used in this study is quantitative correlation with panel data regression with the Fixed Effect Model (FEM) approach. The results of this study indicate that GRDP, Minimum Wage and Investment simultaneously affect employment in East Java Province. Partially, GRDP and Minimum Wage have a positive and significant effect on employment in East Java Province, while the Investment variable has a negative and insignificant effect on employment in East Java Province.
Co-Authors Abu Zainuddin Achmad Kautsar Afifah, Choirul Anna Nur Ah. Syahril Qisthi Ahmad Ajib Ridlwan Aisyaturrahmah, Auliya Hanifah Akbar, Aldi Maulana Akbar, Mochammad Fahd Albrian Fiky Prakoso Alful Alful laili Ali Fahruddin Aminudin Ma'ruf Anang Kistyanto Andre Dwijanto Witjaksono Anggraini, Ella Zuli Anila Qoni'ah Anindya Rahardian Nugraeni Aprilia Hidayah Arinta Fitriana Arisetyawan, Kukuh Asep Kurniawan Ashra Faishal Mabani, Moh Awary, Nadiah A’rasy Fahrullah Bambang Suratman Berliana, Eva Budiarti, Erika Mei Budiono Budiono CHOIRUL ANNA NUR AFIFAH Clarashinta Canggih Daffa Sukma Falih Della Sukma Pitaloka dewi susanti Dimas Galih Saputra Dita Dismalasari Dewi Dwi Maulidia Anggraeni Dzulkiflih Dzulkiflih Eko Wahyudi Ella Zuli Anggraini Ella Zuli Anggraini Erli Diah Ayu Ratnasari Eva Alfiatus Sholikhah Eviana Hutabarat, Ruth Fanani, Ahmad Faizal Farhan Taufiqurrahman Faris, Moh. Faruq, Ahmad Fatih, Muhammad Al Fatmasari, Dwi Ferina, Abellia Fitria, Norma Fitriana, Arinta Frida Ulfah Ermawati Ghozali, Achmad Ainul Hakim, Yusril Rahman Hanifa, Nurul Haq, Muhammad Hadyul Hendry Cahyono Heny Musfidah Hutabarat , Ruth Eviana I Made Hegar Danendra Nararya Intan Rulisa Islami Irawati, Winaika Irnawati Irnawati Islami, Trinah Asi Juliana Juliana Jun Surjanti Kharisma, Safa Kukuh Arisetyawan Ladi Wajuba Perdini Fisabilillah Laili, Nur Zayyinatul LUCKY RACHMAWATI M. Dzulkifli Wakit Maulitiana, Ajeng Nurin Ma‘ruf, Aminudin Ma’ruf, Aminudin Muchammad Rio Nugroho Muhammad Afdha Alif Almughni Muhammad Akhmal Alamsyah Darmawan Muhammad Hadyul Haq Muhammad Handy Rakhmawan Muhammad Iftitahu Khoiron Muhammad Jihan Mukhammad, Wildhan Mumuh Muhammad Mustafidah, A’imatul Nico Irawan Nilasari, Aprillia Noho, Muhammad Dzikirullah Norida Candra Sakti Nugroho, Muchammad Rio Nur Haqiqi, Firda Nurazizah, Eva Nurul Hanifa Pasaribu, Gymnastiar Eka Aurillina Perdini Fisabilillah, Ladi Wajuba Prabowo, Prayudi Setiawan Putra, Moh. Rizqy Eka Rachma Indrarini Rahmatuz Zainiya Salsabilla Raja Zuraidah Rasi Ratnaningsih, Ayu Rida Rosida Risqi Noor Hidayati Putri Rusmini Rusmini Rusmini Rusmini Saifulloh Wisnu Romadhon Sanaji Saputra, Dimas Galih Sari, Wiwid Widya Setya Chendra Shafinar Ismail Sri Abidah Suryaningsih Srisuk, Prattana Sukma Falih, Daffa Suryani, Frischa Dwi Suwandi Valentina, Dila Wajuba Perdini Fisabilillah, Ladi Wajuba Perdini Fisabilillah, Lady Wasil, Mohammad Wenny Restikasari Wenny Restikasari Wildhan Mukhammad Yulianah Yusril Rahman Hakim Yuyun Isbanah Zainur Rahman