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Implikasi Penentuan Nilai Tukar Dengan Kesimbangan Portofolio Untuk Jangka Pendek Abijoso, Kristian Coernia; Ekananda, Mahyus
Manajemen Krida Wacana vol. 4 no. 1 Januari 2004
Publisher : Manajemen Krida Wacana

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Abstract

THE DETERMINANTS OF SAVINGS IN INDONESIAN HOUSEHOLDS (USING IFLS DATA) Syofriza Syofyan; Mahjus Ekananda
Media Ekonomi Vol. 29 No. 2 (2021): Oktober
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (446.232 KB) | DOI: 10.25105/me.v29i2.10308

Abstract

The growing concern among researchers and analysts with regard to the decline in savings amounts is not without intention, interest and purpose. As saving is a personal and individual matter, an approach in which people are urged to augment their savings cannot be taken for granted. Yet while everyone has their own unique set of needs, preferences, motives and habits, this research aims to identify the typical factors that determine household saving in Indonesia. The model to test which factors are the most important is saving as a function of income, consumption, demographic status, psychological, institutional, and financial literacy. The respondents were derived from the Indonesian Family Life Survey (IFLS) from  periods 2007 and 2014. Using quantile regression, we found income to be the most significant factor for saving in 2007 followed by education attainment, employment status and past saving experience. In 2014, the most influential factors were income, risk preference, employment status, urban/rural location and disincentives for going to the bank. Access to finance may offer the potential to resolve the whole of the financial issue for both sides, the demanders and suppliers of microfinancing, both individually and institutionally
Dampak Perubahan Tarif Penalti Terhadap Kepatuhan Pajak: Bukti Kuasi Eksperimental Pada Bunga Penagihan Mukhammad Syarifuddin; Mahjus Ekananda
AKSES: Jurnal Ekonomi dan Bisnis Vol 17, No 2 (2022): AKSES: JURNAL EKONOMI DAN BISNIS
Publisher : Universitas Wahid Hasyim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31942/akses.v17i2.7461

Abstract

Penelitian ini menganalisa dampak perubahan tarif bunga penagihan (late payment penalties) yang ditetapkan oleh Menteri Keuangan. Kami memanfaatkan peristiwa perubahan tarif bunga dari tarif sebesar 2 persen per bulan menjadi sekitar 0,50 persen per bulan sejak 2 November 2020, untuk masuk ke dalam desain regresi diskontinuitas dalam waktu (RDiT). Teori ekonomi klasik memprediksi bahwa penalti yang rendah cenderung menimbulkan perilaku tidak patuh. Namun, hasil studi ini justru menunjukkan bahwa penurunan tarif bunga penagihan berpengaruh positif signifikan terhadap respon pembayaran. Hal ini memberi simpulan bahwa kepatuhan sukarela tidak selalu linier dengan tarif penalti yang tinggi, bahkan pada kapasitas deteksi yang cenderung tetap. Perilaku wajib pajak dapat dijelaskan dengan bukti empiris yang kuat. Oleh karena itu, kami menyarankan ekstraksi dan kategorisasi basis data untuk memudahkan identifikasi dan analisis data perilaku. Hal ini akan membantu memprediksi strategi kepatuhan lain misal otomasi pembayaran tunggakan atau tindakan penagihan berdasarkan kategori resiko.  
Threshold Panel Method for Analysis of the Effect of Banking Investment Allocation on Banking Performance, A Cross Country Studies: Some OECD Countries Mahjus Ekananda
Jurnal Ekonomi Kuantitatif Terapan 2022: Vol. 15, No. 2, Agustus 2022 (pp.162-339)
Publisher : Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/JEKT.2022.v15.i02.p02

Abstract

The direction of globalization and the integration of the financial system continues to increase in line with the trend of increasing capital flows which is the focus of discussion in this research. This study applies panel data analysis to analyze banking behavior to improve its performance. The analysis uses a linear model and a threshold model—panel data from 1991 to 2020 in 39 countries. Threshold panel regression is a non-linear model applied in this study to prove a change in the impact of independent variables that affect banking performance in specific regimes. In general, the linear model Coef.icients are as expected according to the theory. Analysis using threshold panel regression will give more profound results and higher intuition. Threshold panel regression has a smaller SSR value than the linear model. This study applies one threshold value to produce two different regimes. Changes in the impact occur at a certain threshold. Conclusively, this study finds threshold values ??for GDP growth, Concentration, Inflation, Leverage, Efficiency, and Credit Allocation. The GDP growth rate as a threshold is the most efficient model. The Coef.icients on the threshold panel regression model generally are in line with theoretical expectations. Still, some differences become the advantages of this non-linear model, revealing different economic conditions.
Panel VAR for Analyzing Business Cycle Influence on the Distribution of Sharia Banking Financing in Indonesian Sharia Banking Mahjus Ekananda; Jhanghiz Syahrivar
Media Ekonomi dan Manajemen Vol 38, No 1 (2023): January 2023
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v38i1.3155

Abstract

This paper is structured to explain the effect of the business cycle on the distribution of Islamic banking financing in Indonesia. Furthermore, this research examined the differences between account receivables financing and profit-sharing financing, as well as different forms of Islamic banking. In this case, Islamic banking financing, account receivables financing, and profit-sharing financing will have the same responses or changes in the face of the business cycle in Indonesia. This research is focused and limited to the response of Islamic banking financing to the business cycle in Indonesia. Second, this research used quarterly data from 2007 to 2020 obtained from financial data of each sharia commercial bank and sharia business unit published through the Financial Services Authority (OJK) and Bank of Indonesia; meanwhile, the macro-level data was taken from data from the Central Agency publication Indonesian Statistics. Third, the estimation method used is the Panel VAR to accommodate the heterogeneity between firms. The results show that capital and liquidity respond positively to changes in banking financing, account receivables financing, and profit-sharing financing. The results also show that performing loans and profitability will decrease if there is a shock to the three types of financing.
Dynamics Analysis of Credit Transmission on Foreign Bank Penetration in Indonesia Mahjus Ekananda
Jurnal Keuangan dan Perbankan Vol 26, No 4 (2022): OCTOBER 2022
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v26i4.8829

Abstract

Studies explore mode penetration bank foreign in transmission credit channel in Indonesia. ARDL-PMG is used for analyzing Office Bank branch Foreign (FOB) and Foreign Acquired Banks (FAB) on data panel bank-level, using the BI-7DR Days Reverse-repo rate and JIBR as monetary policy indicators. This study uses data on individual banks classified as FBO and FAB in Indonesia. The use of the ARDL-PMG model as an alternative to solve dynamic heterogeneous panels on credit channel problems in Indonesia. The main finding of this study proves that FBO and FAB show different credit channel transmission mechanisms in response to monetary policy. Studies also show that monetary policy contraction significantly impact towards FBO and FAB in Indonesia in the long-run. This studies due to the characteristics of Foreign Bank Branch Offices that are risk averse and have higher liquidity and Foreign Acquired Banks with higher capitalization. This characteristic causes the impact of contractionary monetary policy insignificant on FBO credit growth and FAB. The research has implications for financial and banking authorities to improve supervision over credit transmission at FBO and FAB due to differences in credit channel transmission mechanisms in response to monetary policy.
Analisis Peran Peningkatan Pembayaran Nontunai dalam Memengaruhi Pertumbuhan Ekonomi Azis, Abdul; Ekananda, Mahyus
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : CV. Ridwan Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (407.361 KB) | DOI: 10.36418/syntax-literate.v6i12.5033

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Adanya pergeseran dalam pola sistem pembayaran yang beralih dari pembayaran tunai menuju kepada pembayaran nontunai, menyebabkan bank Indonesia sebagai otoritas harus lebih cermat dalam mengendalikan jumlah uang beredar yang terjadi di masyarakat. Penelitian ini mengkaji pengaruh peningkatan pembayaran nontunai dalam mempengaruhi pertumbuhan ekonomi di Indonesia dengan menggunakan data bulanan pada periode 2009-2019. Penelitian ini didasarkan pada teori netralitas uang yang mengatakan bahwa peningkatan jumlah uang yang beredar hanya berpengaruh kepada variabel nominal namun tidak untuk variabel rill. Dalam melakukan pengujian hipotesis dalam penelitian ini, digunakan estimasai menggunakan metode Vektor Error Correction Model (VECM). Dalam hasil estimasi yang diperoleh, alat pembayaran nontunai dalam periode penelitian yang digunakan dengan proksi data alat pembayaran nontunai berupa nilai transaksi Bank Indonesia Real Time Gross Settlement, nilai dan volume transaksi kartu ATM/Debit, nilai dan volume transaksi kartu kredit, nilai transaksi uang elektronik, nilai transaksi cek dan nilai transaksi giro bepengaruh positif dan signifikan dalam mempengaruhi pertumbuhan ekonomi. Pengaruh pembayaran nontunai yang ditimbulkan dalam mempengaruhi pertumbuhan ekonomi berlaku dalam jangka panjang, sedangkan jangka pendek hanya beberapa alat pembayaran nontunai yang memiliki pengaruh dalam pertumbuhan ekonomi
Does Fiscal Policy Matter? A Study on Economic Crises in Indonesia Prasasti, Sri Rejeki; Ekananda, Mahjus
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.37532

Abstract

Fiscal policy is one of the instruments used by the government in dealing with economic crises. The recent COVID-19 pandemic crisis has different characteristics from the previous ones in  Indonesia. Hence, the fiscal policy needed is also different. Therefore, this study aims to know the role of fiscal policy shocks in affecting some macroeconomic indicators, including GDP, inflation, and interest rate, in Indonesia and investigate its differences within two periods: Period I (1993Q1-2018Q4), which includes the Asian Financial Crisis and the Global Financial Crisis, and Period II (2019M1-2021M12), which include the COVID-19 Pandemic crisis. This study employs the Structural Vector Autoregression (SVAR) model, using institutional information of the government budget system as restrictions. This study concludes that: 1) shocks in fiscal policies significantly affect GDP in both periods; 2) the dynamic movement of GDP is more influenced by government spending than government revenue; 3) fiscal policy, especially revenue, has greater influences on inflation during the COVID-19 Pandemic; 4) fiscal policy has a minor role in affecting the interest rate.
Analisis Efektivitas dan Kontribusi Pajak Hotel dan Restoran terhadap Pendapatan Asli Daerah Kabupaten Natuna Syuparman Syuparman; Mahyus Ekananda; Etty Puji Lestari
Bahtera Inovasi Vol 6 No 2 (2023): Jurnal Bahtera Inovasi
Publisher : Program Studi Manajemen FEBM UMRAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31629/bi.v6i2.5554

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Original Local Government Revenue is an important indicator in determining the level of regional government independence in the fiscal sector. The higher  Original Local Government Revenue, more independent the region is in managing the existing potential. This study aims to determine how much the level of effectiveness of hotel taxes and restaurant taxes in Kabupaten Natuna and how big their contribution is to the Original Local Government Revenue of  Kabupaten Natuna. The hypothesis put forward in this study that hotel taxes and restaurant taxes have a significant effect on Original Local Government Revenue of  Kabupaten Natuna. The test results from this study the level of effectiveness of hotel and restaurant tax revenue in Kabupaten Natuna  from 2013 to 2020 is categorized as very effective with an achievement rate of more than 100%. The contribution of hotel tax and restaurant tax the Original Local Government Revenue to Kabupaten Natuna  for 2013 to 2020 is very small, with the highest achievement of only 0.84 percent with total revenue of Rp. 3,272,124,202, Partially the hotel tax has a positive effect on Original Local Government Revenue of Kabupaten Natuna, as well as the restaurant tax which has a positive effect on Original Local Government Revenue of Kabupaten Natuna for 2013 to 2020. Simultaneously hotel taxes and restaurant taxes have a positive effect on Original Local Government Revenue of Kabupaten Natuna for 2013 to 2020
Asymmetric Price Transmission of Some Basic Commodities in Indonesia Mahjus Ekananda
Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v38i2.3924

Abstract

The prices of these international goods, world oil prices, exchange rates, and government policies, always influence developments in the current global era that drive domestic commodity prices. This study aims to analyze the effect of asymmetric price transmission on several Indonesian domestic commodities. Asymmetric price transmission occurs if the speed of price adjustment above or below the price trend is not the same. Positive or negative price changes occur if the price is above or below the price trend. Under dynamic conditions, each price will adjust to the long-term price level. This study applies the error correction model (ECM) method to capture the speed of adjustment of each commodity following the long-term price level. This study involves asymmetric price transmission to see price adjustments. Econometric testing through the error correction model is used to determine how much the domestic price adjustments are when there is an increase or decrease in international prices for essential commodities. The results showed an adjustment in domestic prices when global prices increased or decreased for wheat flour, granulated sugar, soybeans, beef, and broiler meat. Based on the coefficient and significance level, there was no domestic price adjustment for rice and broiler chicken eggs. Policy implications include providing input for policymakers in determining prices so that market prices are stable and in line with people's purchasing power.