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Bank Credit Development: A Study of Macro-Prudential Effect Sebastiana Viphindrartin; Silvi Asna Prestianawati; Ayman Nazzal
Jurnal Ekonomi dan Studi Pembangunan Vol 11, No 2 (2019)
Publisher : Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17977/um002v11i22019p177

Abstract

Macroprudential policy is a policy that leads to the analysis of the financials systems as whole as  of financials individuals including banking. This research want to show the effect of macroprudential policy on the development of banking credit in Indonesia by using monthly time series data from January 2010 until June 2017. This research uses several variables namely credits, exchange rates, Return on Assets (ROA), Loan to Deposits Ratio (LDR), Capitals Adequacy Ratio (CAR) and interest rates. The method used in this research is using Autoregressive (VAR). The result of this study indicate that macroprudential policy has an effect on the development of bank credit in Indonesia. Macroprudential policy that is Loan to Deposits Ratio (LDR) have an influence in improving credit development in Indonesia. In addition, the change in interest rate from the BI Rate to BI 7 Day Repo Rate affect the development of credit in Indonesia. Profit earned and capital owned by banks also affects the development of credit in Indonesia. These results are supported by Impulse Response Function (IRF) and Variance Decompotition (VD) tests where macroprudential policy appears stable in response to credit shocks.
The influence of social media marketing, brand image, and perceived value on consumer purchase intention Margaretha Ardhanari; Sebastiana Viphindrartin
Journal of Innovation in Business and Economics Vol. 10 No. 01 (2026): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v10i01.42385

Abstract

This study examines the influence of social media marketing on purchase intention, with brand image and perceived value as mediating variables. Grounded in Uses and Gratifications Theory and Signaling Theory, the research adopts a quantitative approach using PLS-SEM on data collected from 150 Indonesian social media users. The results show that social media marketing significantly affects brand image and purchase intention, both directly and indirectly through perceived value. Perceived value emerges as the strongest predictor of purchase intention, followed by brand image. These findings highlight the strategic role of social media engagement in building reputational capital and enhancing consumer value perception. The study provides managerial implications for optimizing digital marketing strategies through trust-building, influencer engagement, and value creation in emerging markets.
Integrating Green Economy and Islamic Finance in The Development of Halal Tourism in Lombok Abdul Muttalib; Sebastiana Viphindrartin
Journal of Economics and Management Vol. 3 No. 3 (2025): Journal of Economics and Management, December 2025
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v3i3.501

Abstract

The purpose of this research is to formulate an integrative framework that connects Islamic financial instruments with green economy strategies to strengthen the sustainability and inclusiveness of halal tourism development. The study employs a qualitative-descriptive approach through literature review, field observation, and semi-structured interviews with key stakeholders, including local government authorities, Islamic financial institutions, and community leaders in Lombok’s tourism sector. Data were analyzed using thematic analysis to identify patterns of synergy between green economy initiatives and Islamic finance mechanisms such as green sukuk, productive waqf, and environmental-based zakat. The findings indicate that Islamic financial instruments hold significant potential for financing sustainable tourism projects, particularly in environmental conservation, waste management, and community-based ecotourism development. The integration of green financing principles and Islamic ethical values has proven effective in enhancing environmental awareness while simultaneously strengthening the socio-economic empowerment of local communities. This study recommends the adoption of an Islamic Green Financing Model as a strategic policy framework to foster sustainable, inclusive, and resilient halal tourism. The proposed model can serve as a practical guide for policymakers, Islamic banks, and tourism stakeholders in aligning financial practices with the Maqasid al-Shariah and the Sustainable Development Goals (SDGs). Moreover, this research contributes a novel conceptual model that bridges Islamic finance and green economy perspectives within the context of halal tourism an area that remains underexplored in the existing literature. The model represents an initial contribution toward integrating Shariah-based financing with environmental and social sustainability in Muslim-majority tourism regions.
Comparison and Simulation of Riba-free Investment with Riba-based Investment on Real Sector Productivity in Indonesia Sebastiana Viphindrartin; Eny Lestari Widarni; Aulia Pamasa Setiyantono
Asia Pacific Journal of Management and Education (APJME) Vol 5, No 2 (2022): July 2022
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/apjme.v5i2.1552

Abstract

This study tries to simulate economic growth by using the interest rate as the calculated variable and without the interest rate as the calculated variable. In this study, two calculations were carried out where the first calculation was carried out by regression of Gross Domestic Real Gross as the dependent variable. Investment, consumption, and interest rates as independent variables. The second calculation is the same as the first calculation but omitted the interest rate. From the results of comparing the forecasting results from the threshold autoregressive, indicated that the interest that is used as the cost of capital has an impact on the instability of the real sector.
Analysis of the Influence of Democracy Index, Human Development Index, Foreign Investment, Government Expenditure, and Labor on Indonesian Economic Growth Muhammad Ivan Fadillah; Zainuri; Sebastiana Viphindrartin
International Journal of Health, Economics, and Social Sciences (IJHESS) Vol. 6 No. 3: July 2024 - International Journal of Health, Economics, and Social Sciences (IJHESS)
Publisher : Universitas Muhammadiyah Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56338/ijhess.v6i3.5837

Abstract

Economic growth is one of the main indicators of the economic progress of a region or country. The economic performance of a country is determined by the economic policies implemented by the government, the environment in which the economy operates, and the political economic system it implements. Many non-economic factors ultimately affect the economic activities of a country. This study aims to determine whether the Indonesian Democracy Index, Human Development Index, Foreign Investment, Government Expenditure, and Labor partially affect Indonesia's economic growth. The analysis method used is multiple linear regression using Eviews10. The results of the study indicate that the Democracy Index and Human Development Index do not have a significant effect on Economic Growth. While Foreign Investment, Government Expenditure and Labor have a significant effect on Economic Growth.
Pelatihan Manajemen Dana Sosial Berbasis Ta’awuniyah Sebagai Upaya Penguatan SDG’S Pada Majelis Nurul Jalil Bondowoso Robby Reza Zulfikri; Sebastiana Viphindrartin; Akhmad Munir; Moehammad Fathorrazi; Sjafruddin Sjafruddin
Jurnal Solusi Masyarakat (JSM) Vol. 4 No. 2 (2026)
Publisher : Universitas Malikussaleh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29103/jsm.v4i2.29845

Abstract

Majelis Sholawat Nariyah 4444 Nurul Jalil in Jambesari Village, Bondowoso Regency, plays a strategic role in strengthening socio-religious values and collecting community social funds. However, the management of these social funds is still carried out in a simple, manual, and unstructured manner, making it susceptible to commingling funds and lacking transparency. This community service activity aims to enhance the management's understanding and skills in managing social funds transparently, accountably, and sustainably based on ta’awuniyah values while supporting the achievement of Sustainable Development Goals (SDGs). The execution method utilized a community empowerment approach consisting of problem identification, formulation of the Ta'awuniyah Module, social fund management training, practical assistance in financial recording, and evaluation. The results showed an increase in the management's capacity to understand the importance of segregating three types of funds (member savings, assembly cash, and community social funds) and implementing SOPs for fund collection and distribution. Furthermore, the creation of the Ta'awuniyah Module along with simple cash book formats and fund position reports serves as a practical instrument to boost pilgrims' trust. Strengthening social fund governance acts as a foundational step toward encouraging the assembly's economic independence and pioneering the establishment of a cooperative-based Islamic Financial Institution/BMT in the future.