Claim Missing Document
Check
Articles

Found 14 Documents
Search

Dynamic Analysis of the Stock Price Index and the Exchange Rate Using Vector Autoregression (VAR): An Empirical Study of the Jakarta Stock Exchange, 2001-2004 Novita, Mila; Nachrowi, Nachrowi D.
Economics and Finance in Indonesia Volume 53, Number 3, 2005
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (28.873 KB) | DOI: 10.47291/efi.v53i3.134

Abstract

.
The lmpact of Renewable Energy and GDP per Capita on Carbon Dioxide Emission in the G-20 Countries Zaekhan, Zaekhan; Nachrowi, Nachrowi D.
Economics and Finance in Indonesia Volume 60, Number 2, 2012
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (28.873 KB) | DOI: 10.47291/efi.v60i2.71

Abstract

.
Addressing the Limits of Production Resources Through Partnerships to Improve Technical Efficiency: A Case Study of Micro and Small Industries in Indonesia 2014 Gayatri Waditra Nirwesti; Nachrowi Djalal Nachrowi
Jurnal Perencanaan Pembangunan: The Indonesian Journal of Development Planning Vol. 2 No. 1 (2018): March 2018
Publisher : Ministry of National Development Planning Republic of Indonesia/Bappenas

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (949.811 KB) | DOI: 10.36574/jpp.v2i1.28

Abstract

The objective of the study is to understand the correlation between inter-firm cooperation and firm technical efficiency. It based on the background of the difficulties and limited production resources faced by micro and small industry (MSI) that impede them to move toward production frontier that makes the firm less efficient technically. Therefore, this study will discuss whether cooperation conducted by MSI will bring improved technical efficiency. Estimation is taken by using a maximum likelihood method on firm production function stochastically. Using data from Micro and Small Industry Survey Year 2004 published by the National Bureau of Statistic of Indonesia, inter-firm cooperation is measured through an index with Principal Component Analysis which reflects the degree of the cooperation. As the first study in Indonesia for the topic, result shows a positive correlation between inter-firm cooperation and technical efficiency in the micro industry, otherwise, the correlation is not found in small industry. This indicates that inter-firm cooperation is not “panacea” to attain technical efficiency, yet it is depending on the size of the firm.
Evaluation of the Spinoffs Criteria: A Lesson from The Indonesian Islamic Banking Industry M Nur Rianto Al Arif; Nachrowi D Nachrowi; Mustafa Edwin Nasution; T.M. Zakir Mahmud
IQTISHADIA Vol 11, No 1 (2018): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v11i1.3211

Abstract

Spin-off policy is one of the crucial issues in the Indonesian Islamic Banking Act (The Act of 21/2008). This paper is going to evaluate the spinoffs criteria that are inherent in the Act of 21/2008. The method that has been used in this paper to evaluate the spinoffs criteria is ARIMA and simulation. This ARIMA method is used to forecast that the Islamic banking unit can achieve the fifty percent asset after fifteen years after this act. The object that is used in this paper is four Islamic spin-off's banks, five Islamic banking units, and two Islamic full-fledged banks. The ARIMA result shows that from all of the objects in fifteen years or the year of 2023, there are no Islamic banks either Islamic full-fledged banks or Islamic banking unit can achieve the fifty percent asset. Besides that, based on the simulation it needs high growth asset to achieve the market share asset of its parent’s banks. According to these results, this study suggests the regulator should revise the spinoffs criteria using the strict criteria that based on either nominal assets, capital, financial ratio or the others.
Kebijakan Dividen Perusahaan yang Listing di Bursa Efek Jakarta (BEJ): Besaran, Strategi, dan Stabilitas Dividen AGUNG GALIH SATWIKO; NACHROWI D. NACHROWI; ADLER HAYMANS MANURUNG
The Indonesian Journal of Accounting Research Vol 8, No 1 (2005): JRAI January 2005
Publisher : The Indonesian Journal of Accounting Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33312/ijar.128

Abstract

The objective of this research is to study the dividend policy in the Jakarta Stock Exchange (JSX) in lights of its magnitudes, strategy and stability. The magnitudes will be measured using simple descriptive statistic over 11 years (1992 – 2002) for each sector therein. Meanwhile a dividend payment strategy in conjunction with company’s earnings will be measured using multinomial logistic model. Finally the stability will be measured using Lintner Model (1956), utilizing panel data techniques. The result shows that over the observation periods, sector that pays dividend most out of its earnings is Consumption Goods Industry. On the other hand, sector that pays dividend less out of its earnings is Property and Real Estate. On the strategy side, the result on multinomial logistic model shows that when there is an increase in earnings, decrease in earnings, and negative earnings, most of the firms in JSX will follow the strategy of increasing, decreasing, and omitting dividends, respectively. Finally, using panel data on Lintner Model, firms in JSX generally follow unstable dividend policy, meaning that when there is a change in earnings, it will be immediately followed by a change in dividend payment. This results confirmed previous studies which conclude that firms in developing countries tend to follow an unstable dividend policy, while those in a well developed countries choose a stable dividend policy.
Analisis Determinasi Kinerja Reksa Dana Pendapatan Tetap di Indonesia Periode 1999-2003 (Penggunaan Model Jensen dan Model Gudikunst) Jerry Dennis P; Adler H. Manurung; Nachrowi D. Nachrowi
The Indonesian Journal of Accounting Research Vol 7, No 2 (2004): JRAI May 2004
Publisher : The Indonesian Journal of Accounting Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33312/ijar.119

Abstract

The objective of this research is to evaluate Bond Mutual Fund Performance in Indonesia and determine some variables that can affect Mutual Fund Performance. Mutual Fund Performance can be measured by using Jensen Model (1968) and Gudikunst Model (1992). The information about bond selection and market timing ability can be measured by using Henriksson - Merton Model (1981). Using Philpot Model (1998), this research examine Mutual Fund attributes that can determine Mutual Fund Performance. Finally, the results show that Bond Mutual Fund have been unable to outperform the market index on a risk-adjusted return basis. The market excess return shows surprising strength relationship to the portfolio excess return.  Generally the sample of Bond Mutual Fund in this research show that portfolio manager has arbitrage opportunity to increase portfolio excess return due to wide range in yield spread, manage in large total asset size and conduct with passive strategy in their portfolio management. This underperform of Bond Mutual Fund Performance can be happened because portfolio managers do not have superiority skills in market timing and bond selection and also the differences of each Bond Mutual Fund attributes.
Pengaruh Kerawanan Pangan, Bantuan Pangan dan Jaminan Kesehatan terhadap Keluhan Kesehatan Sari, Ofi Ana; Nachrowi, Nachrowi Djalal
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 22, No. 1
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The health condition of the Indonesian from life expectancy at birth tends to increase, but not all years are in a healthy. The health conditions can be influenced by food insecurity, food aid and health insurance. This study aims to study the effects of food insecurity, food assistance and health insurance on health complaints. Indonesian Socio-Economic Survey (Susenas) data were analyzed using multinomial logistic regression. The results show that food insecure individu are risky health complaints and are disrupted more than twice than food secure individu. BPJS PBI has a lower risk of health complaints than for paid BPJS. Food assistant and BPJS PBI/Jamkesda reducing probability of health complaints. Government’s intervention focusing on food insecure individu, elderly, and living in rural areas.
Analisis Raskin dan Ketahanan Pangan Rumah Tangga di Indonesia (Analisis Data Susenas 2011) Sundari, Irma; Nachrowi, Nachrowi Djalal
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 15, No. 2
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the food security determinant of households by household characteristics in Indonesia using descriptive and multinomial logit analyses, and determine the characteristics of households that need intervention of Raskin in Indonesia. Descriptive and multinomial logit analyses found that households more food secure if the education of household head is higher, number of household members is smaller, the household head work in non-agriculture, income per capita is larger, and the area where household live in urban areas. Generally, Raskin relatively on target. Raskin should be prioritized on women-headed households with low education, and work in agriculture/non-agriculture.
Pengaruh Larangan Ekspor Bahan Baku terhadap Kinerja Perusahaan Rotan Indonesia Damayati, Ashintya; Nachrowi, Nachrowi D.
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 14, No. 1
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research analyzes the impacts of raw material export restriction on firm performance: value-added, labor, and productivity growth, as well as firm survival ability in the rattan-based final good industry in the 1995-2004 period, which are distinguished based on firm size. This study uses probit method for the survival model, and the Ordinary Least Square (OLS) for the growth model. Data obtained from Medium and Large Scale Industries Statistics (ISIC 33131 and 33212). The result shows that export restriction can improve survival ability of the medium and large-sized firm, and have a positive impact on value-added and labor growth of the medium-sized firm.
Pembangunan Indeks Kinerja Industri Setiawati, Dewi; Nachrowi, Nachrowi D.
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 13, No. 1
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research develops Industrial Performance Index and shows annual performance index among industries through all and each indicator from 2004 to 2007. There are three criteria and 19 indicators, (1) output (value added, wage, firm), (2) production factor (labor, capital, and technological progress), (3) production cost (labor and capital productivity, material and energy efficiency). The result shows the best performance industry, (1) in 2007 is transportation industry excluded four or more wheel vehicle, (2) in 2006 is recycling industry, (3) in 2005 is machinery and office equipment industry, (4) in 2004 is food and beverage industry.