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DYSFUNCTIONAL INSTITUTIONS IN THE CASE OF LOCAL ELITE BEHAVIOUR IN DECISION-MAKING ABOUT LOCAL GOVERNMENT BUDGETS IN INDONESIA Wihana Kirana Jaya
Journal of Indonesian Economy and Business (JIEB) Vol 20, No 2 (2005): April
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Membangun kelembagaan yang”terpercaya dan terprediksi “adalah langkah yang baik di dalam mendukung sebuah sistem otonomi daerah di Indonesia. Makalah ini mencoba melihat kondisi aturan main yang belum sempurna di dalam proses perencanaan dan implementasi Anggaran Pendapatan Belanja daerah (APBN) di tingkat Kabupaten. Bukti empiris menunjukan bahwa pendelegasian kewenangan dari pemerintah pusat ke pemerintah daerah kabupaten telah mendorong elit lokal untuk menyalahgunakan kekuasaan di dalam proses APBD. Hal ini terjadi karena proses pendelegasian kewenangan itu tidak juga disertai pendelegasian pengawasan, penegakan, akuntabilitas serta lemahnya kontrol masyarakat.

NEW INSTITUTIONAL ECONOMICS OF THE STATE: AN ALTERNATIVE APPROACH TO REGIONAL AUTONOMY IN INDONESIA Wihana Kirana Jaya
Journal of Indonesian Economy and Business (JIEB) Vol 19, No 4 (2004): October
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22146/jieb.6607

Para ahli ekonomi Kelembagaan telah lama sepakat bahwa peranan Negara sangatpenting di dalam proses pembangunan baik di negara berkembang atau negara maju(Alston, 1996, World Development Report, 1997, 2002 and 2003). Teori Neo Klasik tentang Negara dibagi dua yaitu teori kontrak dan predator. Teori kontrak berdasarkan teori pertukaran bahwa peran Negara dapat memaksimalkan kesejahteraan masyarakat, dengan menciptakan aturan main yang efisien yang dapat mendorong pertumbuhan ekonomi. Teori predator mempertimbangkan bahwa Negara dikuasai kelompok kepentingan, sehingga keuntungan maksimal kelompok lebih diutamakan dari pada kesejahteraan masyarakat (North, 1981). Tidak dapat dipungkiri bahwa di dalam teori Ekonomi Kelembagan Baru (NIE), negara merupakan neksus hubungan kontrak antara prinsipal yaitu konstituen dengan agen perwakilan. Di negara demokratis terdapat dua tahap hubungan principal-agen. Tahap pertama adalah hubungan antara pemilih (voter) dengan aktor politik (individu dan organisasi yang resmi terpilih). Tahap kedua adalah hubungan antara politisi yang terpilih sebagai prinsipal dengan dengan birokrasi pemerintah sebagai agen (Burky and Perry, 1998). Namun para ekonom kelembagaan baru juga mengkritik bahwa sedikit sekali para ekonom meneliti teori NIE yang diterapkan di negara berkembang terutama di dalam kasus otonomi daerah. Paper ini akan menyajikan kajian teoritis sejauh mana peran Ekonomi Kelembagaan Baru (NIE) dapat diaplikasikan pada kasus otonomi daerah di Indonesia.Kata kunci: Ekonomi Kelembagaan Baru (NIE), Negara dan Otonomi Daerah.

THE RELATIONSHIP BETWEEN PRODUCT DIVERSITY AND THE PERFORMANCE OF CREDIT UNIONS AND BADAN USAHA KREDIT PEDESAAN IN YOGYAKARTA SPECIAL PROVINCE Stephanus Eri Kusuma; Wihana Kirana Jaya
Journal of Indonesian Economy and Business (JIEB) Vol 30, No 1 (2015): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

This study analyzes the relationship between product diversity and the performance of microfinance institutions (MFIs), especially Credit Unions (CUs) and Badan Usaha Kredit Pedesaan (BUKPs) in Yogyakarta. It employs a binary logistic regression method in its analysis and utilizes annual pooled cross section data from 16 CUs and 34 BUKPs in Yogyakarta from 2011. The result indicated that there was a direct negative relationship between the levels of saving–loan product diversity and the scale of outreach and also between the levels of saving–loan product diversity and depth of outreach. It also suggested an indirect negative relationship between the levels of saving–loan product diversity and staff productivity and also between the levels of saving–loan product diversity and self-sufficiency.Keywords: product diversity, performance, microfinance institutions, CUs, BUKPs

PENDEKATAN PENILAIAN PROPERTI UNTUK ESTIMASI NILAI SEWA TANAH DAN BANGUNAN PT. KA (PERSERO) DAOP VI GUNA PENINGKATAN PENDAPATAN ASLI DAERAH (PAD) PEMERINTAH DAERAH ISTIMEWA YOGYAKARTA R. Edi Rianto; Wihana Kirana Jaya
Journal of Indonesian Economy and Business (JIEB) Vol 15, No 3 (2000): July
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (212.862 KB)

BPPN (Badan Penyehatan Perbankan Nasional) akhir-akhir ini banyak mendapat sorotan karena ternyata penilaiannya terhadap aset-aset bank terlikuidasi tidak sesuai dengan penilaian aset oleh bank-bank itu sendiri (pihak bank banyak yang telah me-mark-up asetnya). Sebenarnya bagaimanakah cara penilaian aset-aset tersebut dilakukan? Secara teori ada tiga pendekatan dalam penilaian properti yaitu: pendekatan perbandingan data pasar (market data comparison approach), pendekatan biaya (cost approach) dan pendekatan pendapatan (income capitalization approach). Ketiga pendekatan tersebut akan dicoba untuk diterapkan dalam praktek penilaian properti, yakni pada suatu penelitian untuk menilai aset-aset PT. KA (Persero) Daop VI Yogyakarta. Penilaian tersebut adalah untuk estimasi nilai sewa yang harus dibayarkan ke Pemda DIY karena aset (tanah dan bangunan) PT. KA (Persero) Daop VI tersebut statusnya adalah milik Pemda DIY. Meskipun penuh dengan keterbatasan, tetapi makalah ini cukup memberikan gambaran bagaimana penilaian suatu aset dilakukan.

SELEKSI MODEL PERMINTAAN UANG DI INDONESIA 1973-1987 Wihana Kirana Jaya
Journal of Indonesian Economy and Business (JIEB) Vol 5, No 2 (1990): September
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (62.061 KB)

Perkembangan empirik teori permintaan uang di Indonesia selama duadasawarsa telah didominasi oleh penggunaan Model Penyesuaian Parsial (PartialAdjustment Model = PAM) seperti yang pernah dilakukan oleh Aghevli (1977),Boediono (1985), Nasution (1985) dan Parikh et al (1985). Adapun perkembanganteori permintaan uang dewasa ini yaitu penggunaan Model Penyesuaian Parsial telahbanyak dikritik oleh para ahli ekonomi (Cuthbertson, 1988), seperti kasusovershooting di dalam perubahan tingkat bunga dan pendapatan riil. Demikian jugaadanya masalah autokorelasi serta intepretasi koefisien variabel yang dijelaskanselang (Goodfriend, 1985).Sejalan dengan perkembangan teori permintaan uang dan model dinamik, paraahli ekonomi dan ekonometri telah mengembangkan salah satu Model KoreksiKesalahan (Error-Correction Model = ECM) seperti yang pernah dilakukan olehHendry et al. (1984), Domowitz and Elbadawi (1987), Gupta and Moazzami (1988)dan Colomoris and Domowitz (1989) dan sudah diterapkan pada kasus di negarasedang berkembahg (lihat Insukindro, 1990), sedang para ahli ekonomi lain sepertiLaidler (1987), Goodhart (1984), dan Cuthbertson (1986, 1988) telah mengangkatkembali teori permintaan uang untuk Model Cadangan Penyangga (Buffer Stock) atauModel Penyerap Syok (Shock-Absorber Model = SAM) dan ini sangat relevan jikapasar uang berada dalam ketidakseimbangan.

Fenomena Overheating Perekonomian Indonesia Wihana Kirana Jaya
Unisia No 31 Tahun 1996
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/unisia.v0i31.5870

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Exploring Job Satisfaction Behavior as an Antecedent and Moderating Variable of Work Engagement In the Public Sector Fitriani, Arbania; Wihana Kirana Jaya; Sumaryono, Sumaryono; Rosari, Reni
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.699

This study investigates the role of multifaceted job satisfaction as an antecedent variable and moderating factor influencing work engagement in the public sector. Drawing upon Bakker and Demerouti's (2007) model, the research adapts Spector's (1997) job satisfaction measurement constructs and tests them on a sample of 1484 employees. Employing a mixed-methods approach with a cross-sectional design, the study focuses on identifying key drivers of work engagement in the aftermath of the COVID-19 pandemic. All dimensions are constructed based on qualitative exploration through Focus Group Discussions (FGD) involving 122 respondents, and item formulation is guided by the mapping of dimensions using In-Vivo software. The study employs bootstrapping techniques, revealing a Structural Equation Modeling (SEM) result with a Standardized Root Mean Residual (SRMR) value of 0.054 (<0.08), indicating a perfect fit for the model. All path coefficient indices exhibit a P-Value of 0.000 (<0.05), signifying the acceptance of all proposed relationships in the study. The findings contribute to understanding the intricate interplay between job satisfaction, personal factors, organizational factors, and work engagement, providing valuable insights for practitioners and policymakers in the public sector post-COVID-19.

Assessing Financial Performance Of State-Owned Holding Structures In Indonesia’s Mining Sector susilo, florentinus suryo; Jaya, Wihana Kirana; pitoyo, agus joko; Noer Arfani, Riza
The International Journal of Accounting and Business Society Vol. 33 No. 2 (2025): IJABS
Publisher : Accounting Department,

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ijabs.2025.33.2.881

Purpose —State-owned enterprises (SOEs) are crucial in economic development, particularly in strategic sectors. The state-owned holding (SOH) structure has been introduced as a governance model to enhance efficiency, reduce agency conflicts, and improve financial performance. Using financial data from 2017 to 2022, this study focuses on assessing the holding structures on the financial performance effectiveness of mining sector companies in Indonesia. Unlike prior studies that predominantly examine SOH models in advanced economies or through multinational SOEs, this research centres on a developing country context where SOEs play a pivotal role in industrial policy and national economic strategy. Design/methodology/approach —by using a quantitative approach from financial performance data of MIND ID as an Indonesian mining holding SOE, and also financial performance of Indonesian mining industries, this study assesses the holding structure, foreign ownership, and availability of independent directors to the financial performance. Findings—These findings can encourage companies to reflect on their ownership structure and consider changes to improve financial effectiveness, such as increasing the involvement of foreign investors or strengthening governance mechanisms. Practical implications — This study's findings provide practical implications by providing empirical references for investors to understand the risks and opportunities associated with ownership structure in the mining sector. Originality/value —. This paper presents the case of an SOE holding company in Indonesia's mining sector. It differs from some of the previous literature that generally studies more SOEs concerning governance.

Exploring Job Satisfaction Behavior as an Antecedent and Moderating Variable of Work Engagement In the Public Sector Fitriani, Arbania; Wihana Kirana Jaya; Sumaryono, Sumaryono; Rosari, Reni
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.699

This study investigates the role of multifaceted job satisfaction as an antecedent variable and moderating factor influencing work engagement in the public sector. Drawing upon Bakker and Demerouti's (2007) model, the research adapts Spector's (1997) job satisfaction measurement constructs and tests them on a sample of 1484 employees. Employing a mixed-methods approach with a cross-sectional design, the study focuses on identifying key drivers of work engagement in the aftermath of the COVID-19 pandemic. All dimensions are constructed based on qualitative exploration through Focus Group Discussions (FGD) involving 122 respondents, and item formulation is guided by the mapping of dimensions using In-Vivo software. The study employs bootstrapping techniques, revealing a Structural Equation Modeling (SEM) result with a Standardized Root Mean Residual (SRMR) value of 0.054 (<0.08), indicating a perfect fit for the model. All path coefficient indices exhibit a P-Value of 0.000 (<0.05), signifying the acceptance of all proposed relationships in the study. The findings contribute to understanding the intricate interplay between job satisfaction, personal factors, organizational factors, and work engagement, providing valuable insights for practitioners and policymakers in the public sector post-COVID-19.

Development and validation of learning agility instrument Fitriani, Arbania; Pahlawan, Ressa; Sulaimon, Jamiu Temitope; Jaya, Wihana Kirana; Reni Rosari; Sumaryono; Situmorang, Dominikus David Biondi
JURNAL SPIRITS Vol 14 No 1 (2023): November 2023
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/spirits.v14i1.15825

This study aimed to develop a learning agility measuring instrument based on De Meuse's theory (2015) with a sample of Government Employees from the National Police of Indonesian Republik and members of Polda Metro Jaya (Lokal Police). The data was collected using an online questionnaire survey distributed via Jotform. The results of the statistical test using a differential power test where the researcher aborted 35 items in the pilot study, which were initially 95 items so that the items that could be continued to the next test stage in a large sample totaled 60 items, then from the average item reliability value has a value per -item ≥ 0.9, this figure shows consistent numbers using the same measuring instrument (test-retest reliability) when testing on small samples and also large samples. Construct Validity value with item homogeneity technique using Product Moment correlation in all items with a p ≤ 0.05. Moreover, it can also be seen from the Pearson correlation value of all items ≥ 0.279 (r-table) of N=50. So that all items in the second phase of the trial can be said to be valid and feasible to use, it can be seen that there is also a positive correlation between dimensions. The results of the factor loading test show that the Standardization Estimate All numbers for each dimension are ≥ 0.71. these figures indicate that each dimension is a factor of the latent construct.

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