Claim Missing Document
Check
Articles

Found 5 Documents
Search

An Empirical Investigation of Outsourcing Implementation In The Indonesian Manufacturing Industry Siti Aisyah Tri Rahayu; Lukman Hakim; Malik Cahyadin
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 18, No 2 (2017): JEP 2017
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v18i2.4671

Abstract

This study aims to identify regulations and analyze the determinants of outsourcing implementation in the Indonesian manufacturing industry using an analyctic hierarchy process (AHP). We examines both the Indonesian Labor Law–Act No. 13/2003 and the Regulation of Minister of Manpower and Transmigration No. 19/2012 on Conditions for Outsourcing the Implementation of Work to Other Companies. The results suggest that business efficiency, human resource development plan, types of outsourcing, wage level and worker incentive, recruitment and training cost, skilled  worker and productivity, recruitment process, and government regulation are the priority factors to implement outsourcing in Indonesian manufacturing industries.
KETERHUBUNGAN PERTUMBUHAN EKONOMI DAN KUALITAS TENAGA KERJA Fernaldi Anggadha Ratno; Malik Cahyadin; Tamat Sarmidi
Jurnal Litbang Sukowati : Media Penelitian dan Pengembangan Vol 9 No 2 (2025): Vol. 9 No. 2, November 2025
Publisher : Badan Perencanaan Pembangunan, Riset dan Inovasi Daerah Kabupaten Sragen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32630/sukowati.v9i2.2016

Abstract

Economic growth can influence the quality of the workforce through the Solow economic model, the higher the quality of the workforce has implications for economic growth. Therefore, this research aims to estimate the relationship between workforce quality and economic growth in 7 Surakarta jurisdictions during 2019-2023. The research method uses panel data regression with a total of 6 districts and 1 city in Surakarta Residency including education, namely registered job seekers according to the highest level of education completed and human gender (Jiwa) at undergraduate level, labor force participation rate (TPAK), development index (HDI) and economic growth. Research findings show that education has a significant effect on economic growth. The labor force participation rate has a negative effect on economic growth. The human development index has a significant effect on economic growth. Education, labor force participation rate, human development index simultaneously have a significant effect on economic growth in Surakarta Residency. Policy implications based on the findings, it is recommended that the Regency/Municipal Government emphasize strategies for improving the quality of education and HDI.
Modeling Risk-Based Stock Portfolio: Evidence from Long Time Series Malik Cahyadin; Luthfi Aradhana Riesendra; Tamat Sarmidi
EQUITY Vol 28 No 2 (2025): EQUITY
Publisher : Department of Accounting, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34209/equ.v28i2.11110

Abstract

The judicious selection of a stock portfolio necessitates a meticulous and precise analysis of risk and return levels. Therefore, this study employs a simulation model to generate a practical and optimally diversified stock portfolio by considering risk level. Secondary data were employed on 952 Indonesian stocks and 4 global ETFs across four stages cover historical data, liquidity, risk-return performance, and fundamental indicators during 1st March 2007– 1st March 2025. Sharpe Ratio Maximization (SR Max) and Risk Parity (RP) methods were utilized. The findings reveal that during all daily data SR Max exhibited a Compound Annual Growth Rate (CAGR) of 16.15%, a volatility of 17.39%, and a drawdown of -39.11%. Meanwhile, RP recorded CAGR of 12.81%, a volatility of 13.24%, and a drawdown of -32.98%. By considering risk analysis, SR Max is appropriate for investors who accept high levels of risk in pursuit of significant growth opportunities. Conversely, RP is better suited to investors who prioritise stability and are willing to accept lower returns. Furthermore, the implication stimulates investors able to formulate a more rational and sustainable asset allocation strategies. In addition, the financial authority should pay more attention on the financial market stability. Keywords: Stock Portfolio; Risk Parity; Sharpe Ratio; Investor Decision Making.
Investigating Kaldor’s Theory in ASEAN-5 Countries Phany Ineke Putri; Malik Cahyadin; Basem Ertimi
Efficient: Indonesian Journal of Development Economics Vol. 7 No. 3 (2024)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v7i3.14921

Abstract

Manufacturing is a strategic key sector in driving a country's productivity, which will increase per capita income. However, manufacturing has lost its relative role in both developed and developing countries. Five countries in the Southeast Asia region, namely Malaysia, Thailand, Indonesia, the Philippines, and Vietnam are five countries in the middle-income category that have the largest Gross Domestic Product (GDP) in the Southeast Asia region. Based on World Bank data 2023 states that GNI per capita in 2023, namely Indonesia is ranked 112th, Thailand is ranked 80th, Malaysia is ranked 60th, the Philippines is ranked 113th, and Vietnam is ranked 131st. This study aims to analyze the influence of the variables Manufacturing, Foreign Direct Investment, Liner Shipping Connectivity Index, Mobile-cellular Telephone Subscriptions, and Education Index on Gross National Income per capita in five Southeast Asia countries from 2013 to 2022. Using panel data analysis, it is explained that the panel data regression estimation model Fixed Effect Model (FEM) shows an adjusted R2 value of 0.9833. The variables in this study have a significant effect on GNI per capita, namely the variables Manufacturing, Foreign Direct Investment, Liner Shipping Connectivity Index, Mobile-cellular Telephone Subscriptions, Education Index.
Assessing Public Service Level: Evidence from Ngawi Regency In 2024 Malik Cahyadin; Izza Mafruhah; Dewi Ismoyowati; Nurul Hasana; Nurul Istiqomah
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.20118

Abstract

Public service measurement constitutes a follow-up to the Regulation of the Minister of State Apparatus Empowerment and Bureaucratic Reform of the Republic of Indonesia Number 14 of 2017, serving as a metric for evaluating public performance and the governance thereof. The present study employs a multifaceted approach to assess the quality of public services in Ngawi Regency during the year 2024, utilising a combination of index and analytic hierarchy process methodologies. The respondent was set using purposive sampling method covers 500 individuals and 13 local apparatuses of Ngawi Regency. The findings reveal that the indexes of public service in public service malls at the regency and sub-district levels were 83.33 and 82.59 respectively. The priority factor values that constitute public service in sequence are as follows: reliability (0.206), tangibility (0.179), empathy (0.165), assurance (0.154), responsiveness (0.152), and general (0.144). Consequently, the Ngawi Regency Government can leverage online services to enhance public services and prioritise the factors contributing to the public service index.