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The Volatility of Stock Market in Indonesia During Covid-19 Crisis : Evidence from Consumer Goods Industry Alghifary, Muhammad Syauqy; Ekawaty, Marlina; Sumantri, Vietha Devia Sagita
Journal of International Conference Proceedings Vol 6, No 1 (2023): 2023 ICPM Malang Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i1.2306

Abstract

This study aims to measure the volatility of stock in consumer goods industry. The analysis in this study utilize index value of consumer goods sectoral stock in 260 days. Using the paired t-test, it was discovered that stock index of consumer goods has significant change after the announcement of Covid-19 first case in Indonesia. The volatility of stock index was raised during the pandemic as measured from its standard deviation. Furthermore, the estimation of GARCH model revealed that consumer goods stock experienced a great volatility during Covid-19 crisis. The value of volatility persistence is 0,917 or close to 1, it means that the volatility was long-lasting as long as the economic crisis. The result of study could give the information for stock investor to be careful with their investment fund during the crisis. Meanwhile, the consumer goods companies can observe this result as consideration in determining the effective strategy in managing the company’s finances in the midst of an economic crisis.
Earmarking policy: how it affects the Indonesian health and education sector Fadli, Faishal; Sumantri, Vietha Devia Sagita
International Journal of Public Health Science (IJPHS) Vol 12, No 3: September 2023
Publisher : Intelektual Pustaka Media Utama

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11591/ijphs.v12i3.22529

Abstract

This research analyses the implementation of earmarking policies in Indonesia that allocate 20% of expenditure for the education sector and 5% for the health sector by using the difference in difference method in the before and after the pandemic period. This research uses life expectancy at birth, number of maternal deaths, and the budget allocation for health as a representation of the health sector. To represent the education sector, this research uses primary education pupils, the primary school pupils-teacher ratio, and the budget allocation for education. This research also using propensity score matching and chow breakpoint test for robustness checks. The results of this research show the health and education sectors improved during the implementation of earmarking policy.
Assessing The Effects of Intergovernmental Fiscal Transfers on Public Service Delivery in Education and Health: A Case Study of Indonesia Ariestiningtyas, Dewanti Rahma; Ananda, Candra Fajri; Sumantri, Vietha Devia Sagita
International Journal of Social Science and Business Vol. 8 No. 4 (2024): November
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/ijssb.v8i4.86332

Abstract

Indonesia still faces high inequality in both social and economic indicators. A component of fiscal transfers from the central government to the regions that focus on reducing inequality is the General Allocation Fund. One of the General Allocation Fund's objectives is to reduce inter-regional public service inequality. This study is critical because it aims to analyze the relationship between the General Allocation Fund and the provision of public services, especially in the education and health sectors. Using a dynamic panel data approach, this study finds that the General Allocation Fund positively affects the provision of public services in education and health, both in the short term and the long term. This is supported by developments in education and health that continue to improve, especially in terms of facilities, infrastructures, and human resources. However, despite this improvement, many records of inequality still occur in Indonesia, especially the disparities in Eastern Indonesia. Therefore, the government needs to focus its fiscal decentralization policy on increasing allocations based on the specific needs of each region. Continuous monitoring and evaluation should be implemented to ensure the effectiveness of the General Allocation Fund's utilization.
Determinants of ShopeePay Usage Intention Among Generation Z in Malang: A TAM-Based Analysis Pinem, Nia Rifani; Sumantri, Vietha Devia Sagita
KINERJA Vol. 29 No. 2 (2025): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v29i2.9762

Abstract

E-wallets are a transaction tool that is most in demand by the people of Indonesia. One of the e-wallets that has a high number of enthusiasts in Indonesia is ShopeePay. This study aims to determine the factors influencing interest in using the ShopeePay e-wallet as a transaction tool for Generation Z in Malang. This study uses the TAM (Technology Acceptance Model) model with independent variables of perceived usefulness, perceived ease of use, perceived risk, perceived security, trust, and the dependent variable, namely interest in use. This research is quantitative. This research uses a purposive sampling method with data analysis using Partial Least Squares (PLS). The criteria in this study are members of Generation Z, born between 1997 and 2007, who use the ShopeePay e-wallet. The total number of respondents is 100 individuals. The results showed that perceived usefulness, perceived ease of use, and trust affect the interest in using the ShopeePay e-wallet. Meanwhile, perceived risk and perceived security do not affect interest in using the ShopeePay e-wallet.
The Volatility of Stock Market in Indonesia During Covid-19 Crisis : Evidence from Consumer Goods Industry Alghifary, Muhammad Syauqy; Ekawaty, Marlina; Sumantri, Vietha Devia Sagita
Journal of International Conference Proceedings Vol 6, No 1 (2023): 2023 ICPM Malang Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i1.2306

Abstract

This study aims to measure the volatility of stock in consumer goods industry. The analysis in this study utilize index value of consumer goods sectoral stock in 260 days. Using the paired t-test, it was discovered that stock index of consumer goods has significant change after the announcement of Covid-19 first case in Indonesia. The volatility of stock index was raised during the pandemic as measured from its standard deviation. Furthermore, the estimation of GARCH model revealed that consumer goods stock experienced a great volatility during Covid-19 crisis. The value of volatility persistence is 0,917 or close to 1, it means that the volatility was long-lasting as long as the economic crisis. The result of study could give the information for stock investor to be careful with their investment fund during the crisis. Meanwhile, the consumer goods companies can observe this result as consideration in determining the effective strategy in managing the company’s finances in the midst of an economic crisis.