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ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PENYALURAN KREDIT BANK UMUM MILIK NEGARA PERIODE TAHUN 2004 - 2012 Renaldo Prima Sutikno; Hermanto Siregar; Muhammad Firdaus
Jurnal Manajemen Vol. 19 No. 3 (2015): October 2015
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jm.v19i3.40

Abstract

Krisis keuangan global yang terjadi menjelang akhir tahun 2008 berdampak terhadap industri perbankan di Indonesia. Krisis keuangan ikut berperan dalam melambatnya pertumbuhan aktivitas penyaluran kredit perbankan. Tujuan dari penelitian ini adalah untuk mengetahui faktor-faktor yang dominan dalam mempengaruhi aktivitas penyaluran kredit pada bank-bank BUMN dan merumuskan strategi untuk meningkatkan penyaluran kredit bagi setiap bank-bank BUMN. Metode yang digunakan dalam penelitian ini adalah Vector Error Correction Model (VECM). Variabel mikro keuangan yang diteliti dalam penelitian ini adalah Dana Pihak Ketiga (DPK), Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), dan Loan to Deposit Ratio (LDR). Variabel makroekonomi yang diteliti dalam penelitian ini adalah BI Rate, Nilai Tukar, dan Produk Domestik Bruto (PDB). Hasil penelitian ini menunjukkan bahwa hanya beberapa variabel yang memiliki kontribusi yang signifikan dari masing-masing bank dalam jangka panjang, yaitu DPK pada Bank Mandiri, NPL pada Bank BRI dan Bank BTN, dan PDB pada Bank BNI dan Bank BCA. Setelah mengetahui faktor-faktor dominan tersebut, maka masing-masing bank dapat memilih strategi untuk memberikan hadiah promosi dan cash back dalam periode tertentu, melakukan verifikasi data kredit dengan menggunakan four eyes principles, dan melakukan ekspansi pasar pada daerah potensial.The global financial crisis that occurred towards the end of 2008 have many impact on the banking industry in Indonesia. Financial crisis also had a role in slowing the growth of credit lending activity. The purpose of this study was to describe the most dominant factors that affect lending activity at the government banks and to formulate strategies to increase lending activity by each government bank. The methods used in this research were Vector Error Correction Model (VECM). Micro-financial variables examined in this study were Third Party Fund (DPK), Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), and Loan to Deposit Ratio (LDR). The macroeconomic variables examined in this study were BI Rate, Exchange Rate, and Gross Domestic Product (PDB). The result of this research indicated that only a few variables that have a significant contribution of each bank in the long run are DPK on Bank Mandiri, NPL on Bank BRI and Bank BTN, and PDB on Bank BNI and Bank BCA. After knowing that dominant factors, each bank can raise capital by giving promotional gifts and cash back in certain periods, verifying credit data by using four eyes principles, doing market expansion in the potential region.
Kompetisi Dan Stabilitasperbankan Di Indonesia Suatu Pendekatan Analisis Panel Vector Autoregression Intan Apriadi; Roy Sembel; Perdana Wahyu Santosa; Muhammad Firdaus
Jurnal Manajemen Vol. 21 No. 1 (2017): February 2017
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jm.v21i1.146

Abstract

Bankingfragilityphenomenon in the world as well as in Indonesia whip outsome interesting issues to be investigated. The objective of this study is to investigate thedynamic causality relationship between competitionandstabilityof bankin Indonesia.The relationship between competition and stability of bank has long been a controversybefore some crises takes place in the world either in theoretical or in empirical sphere.The crucial questionsuch aswill competitionincrease stability of banking industry orthe other way around will competition create instability in banking system inIndonesiaaregoing tobe investigated in this study.Stability will be analyzed by z-score,and competition will be measuredby HHI. Testing the relationship between competitionand stability will be conducted by Panel Vector Autoregression, a relatively newapproach in econometrics.Empiricalresult indicates thatcompetitiondecreasedstabilityof banking industry,whereas stability has aninsignificant effect to competition.
Analisis Cost Benefit Pemupukan Berimbang Dalam Rangka Pemenuhan Unsur Hara Optimal: Pendekatan RIA: Institut Pertanian Bogor Widyastutik; Muhammad Firdaus; Mimin Aminah; Dian Verawati Panjaitan
JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN Vol 11 No 1 (2022): Jurnal Ekonomi dan Kebijakan Pembangunan
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jekp.11.1.2022.35-55

Abstract

The government prepares recommendations for optimal fertilization according to plant needs, optimum for increasing production, increasing fertilization efficiency, soil fertility, and avoiding environmental pollution. However, the condition of agricultural land in Indonesia shows an excess of P and K nutrients from NPK 15-15-15. As a result, the soil becomes saturated, wasteful, and import costs are high in the long term. For this reason, the government reformulated from NPK 15-15-15 to 15 10 12. So the purpose of this research is to find out the benefits and costs of changing this formulation using the RIA (Regulatory Impact Assessment) method with three scenarios. Based on calculating the benefits and costs of the NPK fertilizer formulation that provides the most benefits, scenario 3 uses the NPK 15 10 12 formula with straw immersion innovation and soil and plant test equipment. The total benefit obtained is Rp. 323,988,364.65. Straw as a source of Potassium (K), Silica (Si), and microelements and a source of energy for soil microorganisms are recommended to be returned to paddy fields to increase fertilization efficiency soil fertility, improve, and maintain soil health and environmental quality. The effectiveness of the reformulation policy of NPK 15 15 15 to NPK 15 10 12 needs to be supported by advocacy to farmers regarding the benefits that will be obtained when implementing balanced fertilizers to get optimal crop yields. Lessons from farmers who successfully buried straw that impact rice production and productivity must be disseminated to other farmers.
Volatility and Stability of ESG Equity in Indonesia toward Internal and External Shocks Indra Gunawan; Muhammad Firdaus; Hermanto Siregar; Mulya E. Siregar
International Journal of Islamic Economics and Finance (IJIEF) Vol 5, No 2 (2022): IJIEF Vol 5 (2), July 2022
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v5i2.12693

Abstract

The Environmental, Social and Governance (ESG) index is rising in popularity globally especially in Indonesia. This study attempts to prove that ESG equity is less volatile than non-ESG equity, since specific components of ESG are essentially parts of the Shariah values. Using data from 2009 through 2020, the Vector Error Correction Model (VECM) method was utilized to further investigate the link between ESG and other endogenous variables such as the DJIM (Dow Jones Islamic Market), Fed rate, JCI (Jakarta Composite Index) index, exchange rate, and BI rate. The results show that all internal and external variables significantly influence ESG equity in very low magnitude, except for DJIM negatively and Fed rate positively. However, the IRF findings reveal what transpired to the ESG equity, which was able to endure shocks from both internal and external simultaneously, and to stabilize more swiftly. Moreover, the FEVD results shows that all internal and external variables have little impact to ESG equity totaling less than 9 per cent. Meanwhile, the impact of the same variables to non-ESG equity, i.e., JCI and DJIM, are higher at 38 per cent and 13 per cent, respectively. In addition, ESG equity tends to have a dominant influence on other non-ESG equity. Therefore, the Indonesian stock market will be more stable if ethical investing norms, such as ESG equity, are followed, which will be more judicious in order to achieve long-term growth.
Impact of economic growth on regional development in Jambi Province Muhammad Iqbal; Muhammad Firdaus; Bambang Juanda; Dedi Budiman Hakim
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 4 (2020): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (917.331 KB) | DOI: 10.22437/ppd.v7i4.8275

Abstract

This research work aims to, firstly, analyze the structure of economic growth based on regency/city typology in Jambi Province in 2008-2007, and secondly, to analyze regional development inequality in Jambi Province in 2008-2017. The analytical methods used are cluster analysis and Williamson Index. In this study, regions are grouped based on similar characteristics of economic growth in Regency/City in Jambi Province using cluster analysis in the period 2008 to 2007. The results of the cluster analysis generated three regional groups with different economic characteristics each year. Through Williamson Index it is found that the average value of development inequality in Jambi Province in 2008-2017 is 0.389, indicating that Jambi Province’s inequality index is in the intermediate level. The results of panel data regression analysis show that HDI and Expenditure on Goods and Services have a significant effect on economic growth.
Kesediaan Membayar serta Faktor-faktor yang Memengaruhi Pendapatan Petani Padi dan Jagung dalam Penggunaan Benih Unggul di Kecamatan Raman Utara: Institut Pertanian Bogor Ares Gusti Nugraha; Muhammad Firdaus
JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN Vol. 11 No. 2 (2022): Jurnal Ekonomi dan Kebijakan Pembangunan
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jekp.11.2.2022.161-174

Abstract

Salah satu subsektor pertanian adalah tanaman pangan seperti padi dan jagung yang merupakan sumber utama karbohidrat. Faktor produktivitas tanaman pangan tersebut dapat disebabkan oleh penggunaan benih. Raman Utara merupakan wilayah yang berpotensi memiliki produktivitas tinggi pada tanaman tersebut. Namun kualitas benih di daerah ini mengalami masalah sehingga berdampak pada produktivitas padi dan jagung yang rendah. Benih unggul menjadi solusi terbaik untuk meningkatkan produktivitas tetapi harga yang mahal menjadi kendala petani untuk membelinya. Kesediaan petani untuk membayar benih unggul bersertifikat menjadi salah satu persoalan karena pendapatan petani yang rendah. Tujuan dari penelitian ini adalah untuk menganalisis pendapatan dan kesediaan membayar petani terhadap penggunaan benih. Data yang digunakan dalam penelitian ini berasal dari 100 responden dengan 60 petani padi dan 40 petani jagung. Data dikumpulkan menggunakan metode purposive sampling. Analisis yang digunakan yaitu regresi linear berganda (OLS), regresi logistik, dan contingent valuation method. Hasil dari penelitian ini menunjukan bahwa variabel luas lahan berpengaruh negatif dan signifikan serta variabel pupuk berpengaruh positif dan signifikan terhadap pemilihan benih padi hibrida dan inbrida. Hasil lainnya menunjukan variabel penerimaan berpengaruh positif dan signifikan serta variabel pupuk dan tenaga kerja berpengaruh negatif dan signifikan terhadap pendapatan petani jagung. Kesediaan membayar petani untuk benih padi dan jagung lebih besar dibandingkan dengan harga aktual pasaran.
Managing Movement of Returning Rice Straw into Soil (RRIS): A Solution to Land Degradation Mimin Aminah; Muhammad Firdaus; Arief Hartono; Gelar Satya Budhi
Jurnal Sumberdaya Alam dan Lingkungan Vol 9, No 3 (2022)
Publisher : Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jsal.2022.009.03.5

Abstract

Concern on rice production in Indonesia is escalating since the production of rice tends to be levelling off for more than a decade. Soil degradation in lowland is among the main challenges. Soil encounters continuous decreasing organic matter and organic carbon content because the biomass from the rice plants was not returned to the land sufficiently. Most of the biomasses went out of the land or were burned by rice producers since there was not enough time to decompose the biomass before returning into the soil of lowland or it need additional cost to do so.  Most farmers preferred to return the rice straw after burning, but it will not improve the condition. Otherwise, burning of rice straw caused air pollution since it released at least three kg particulate matter consisting of CO, SO2, CO2, and ash. Using interpretive structural modeling (ISM) this paper is trying to find the important factors with sequential solution. The result shows that encouraging rice producers to return rice straw into soil (RRIS) should start with Provision of Immediate Decomposing Technology and assistance program and Credit and Assistance Program.Keywords : managing soil degradation, organic matter, rice straw, ISM
Analisis Efektivitas Komunikasi Pemangku Kepentingan untuk Keberlanjutan Bisnis UMK di Geopark Pongkor Baban Sarbana; Amiruddin Saleh; Anna Fatchiya; Muhammad Firdaus
Jurnal Penyuluhan Vol. 19 No. 01 (2023): Jurnal Penyuluhan
Publisher : Department of Communication and Community Development Sciences and PAPPI (Perhimpunan Ahli Penyuluhan Pembangunan Indonesia)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25015/19202343488

Abstract

Stakeholder collaboration has an important role in the sustainability of Micro and Small Enterprises (MSEs) businesses. Nature conservation and community welfare underlie geoproduct management in the Pongkor National Geopark Area. Collaborative communication in development communication requires the involvement of stakeholders in the development process from planning, implementation to monitoring and evaluation to realize MSEs business sustainability. The purpose of this research is to analyze the effectiveness of stakeholder communication in realizing MSE business sustainability in Pongkor National Geopark. The research was conducted in August-September 2022 in Bogor Regency. The results showed that collaborative communication between stakeholders was not optimal in MSEs business development programs. Such as the low participation of MSE actors in human resource quality improvement programs, the lack of collaboration between stakeholders through interactive media channels and the suboptimal utilization of government and business program facilitation in improving competitive products.
Financial Performance of Plantation State Owned Enterprise Before and After Holding Establishment Gemanta Furi Bangun; Muhammad Firdaus; Trias Andati
Business Review and Case Studies Vol. 4 No. 1 (2023): BRCS, Vol 4 No 1, April 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.1.12

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Restructuration of State Owned Enterprise (SOE) through holding company establishment is aimed to transform the company to be more professional, independent and competitive in the global market. Thus far, the Ministry of SOE has established several holding companies, one of which is a plantation holding company. In the course of 5 years after the establishment, the plantation holding company has not shown proper financial performance. The objectives of this research are to analyze the impact of holding company formation towards company’s performance and the required strategy to be implemented related to the company’s capital structure. This research uses primary and secondary data to analyze IFE (Matrix Internal Factor Evaluation), EFE (Eksternal Factor Evaluation), and Internal-External (IE) matrices and compare them to the SWOT (strengths, weaknesses, opportunities, and threats) analysis. The research results show that the size and tangibility variables have increased while the other variables have decreased. Besides that, based on the results of financial performance research that have a significant effect on capital structure are profitability, size, growth, activity, lag leverage. Based on strategic analysis through IE matrix, the company is on the 5th quadrant which requires the company to implement market penetration strategy or doing product development. The SWOT analysis obtained several alternative strategies related to capital structure improvement. Keywords: plantation holding, holding company, company’s performance, financial performance, capital structure
Role and Determinants of Domestic Tourism Demand in Indonesia Inda Dwi Setiawati; Widyastutik Widyastutik; Muhammad Firdaus
Economics Development Analysis Journal Vol 12 No 3 (2023): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v12i3.68495

Abstract

Tourism is a potential sector in the country's development strategy. Since the COVID-19 pandemic, Indonesian tourist visits have remained higher and more stable than foreign tourists. Domestic tourism is critical in defining an inward-looking national economic recovery strategy. However, few tourism studies still exist on the relationship between domestic tourism and regional economies. This study analyses the relationship between domestic tourism and Indonesia's regional economic growth and the determinants of Indonesian tourism demand in terms of domestic tourist expenditure. The data types used are secondary data provided by BPS, Kemenparekraf, Kemenkeu and Bank Indonesia. Analytical methods are the Granger causality test, fixed effect model and panel data regression analysis. The results show a one-way relationship between Indonesia's total tourism expenditure and regional economic growth. Based on research, the government's strategic priority is to increase domestic tourism expenditures by increasing per capita income, increasing tourist attraction and providing ATMs. ATMs facilitate the circulation of cash, influencing the increase in tourism expenditures. Stabilization of the consumer price index in tourist destinations should be maintained as it can negatively impact them.
Co-Authors ., Harianto Abdul Munif Achmad Fachruddin Adwirman Adwirman Agung Hendriadi Agus Maulana Ahmad Saifi Athoillah Akhmad Fauzi Alla Asmara Aminah, Mimin Amiruddin Saleh Ana Yuliana Jasuni Andriyono Kilat Adhi Anna Fatchiya Ares Gusti Nugraha Arief Hartono Arief Nur Rakhman Asep Kurnia Hidayat Atang Sutandi Auguar Auguar Baba Barus Baban Sarbana Bambang Juanda Bernhard Brummer Bimoseno Sepfrian Bonar M Sinaga Bonar M. Sinaga Budi Kurniawan Bunasor Sanim Dea Amanda Dede Dirgahayu Dedi Budiman Hakim Dedi Walujadi Deni Achmad Soeboer Denis Muba Pandapotan Simanihuruk Dennis Nugroho Prakoso Dewi Siska Dian Verawati Panjaitan Didit Okta Pribadi Dodik Ridho Nurrochmat Dwi W Idaman Dwi Widodo Primantoro Dwi Yandhi Edi Sukmadirana Eka Rudiana Eko Purwo Santosa Ernan Rustiadi Fajri Ryan Isnandar Fuza Ganjar Priadi Gelar Satya Budhi Gemanta Furi Bangun Gilang F Ramdhan Grace S Saragih Hadiwiyono Hadiwiyono Hakim Miftakhul Huda Hartono, Arif Hastuti Hastuti Hastuti Hendrio Fadly Heny Kuswanti Suwarsinah Heri Rahman Hermanto Siregar Idha Widi Arsanti Idqan Fahmi Iik Yani Hidayati Inda Dwi Setiawati Indra Gunawan Indra Gunawan Insan Kurnia Intan Apriadi Iwan Fathi Fauzan Jan Piter Sinaga Januar Arifin Ruslan Khursatul Munibah Kikin H Mutaqin Kudang Boro Seminar Lani Pujiastuti Leo Cahya Trias Putra Rachman Lukytawati Anggraeni M Parulian Hutagaol M. Parulian Hutagaol Muhamad Ferdian Saputra Muhammad Iqbal Mulya E. Siregar Mulya E. Siregar Naafi Fatimah Harwanti Nasrudin Netti Tinaprilla nFN Kuntjoro nFN Sumedi Pantjar Simatupang Perdana Wahyu Santosa Purwanto, Budi Purwono Nugroho Purwono Purwono Rangga Wisanggara Renaldo Prima Sutikno Ridwan Kun Satria Rika S Dewi Rina Oktaviani Rina Oktaviani Riska Pujiati Rita Yuliana Roy Sembel Ruri Risnawati Said Said Saputra, Muhamad Ferdian Setia Hadi Setia Murningsih Sharah Gita Kalila Lubis Siti Nurkomariyah Sri Hartoyo Sri Mulatsih Suharno Syifa Putri Kusumaningrum Tanti Novianti Tb. Nur Ahmad Maulana Trias Andati Trias Andati Tyas D Djuanda Udi Kusdinar Wawan G Gunawani Widyastutik Yandra Arkeman Yeti Lis Purnamadewi Yusman Syaukat