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All Journal Jurnal Ekonomi & Studi Pembangunan International Journal of Economics, Business and Accounting Research (IJEBAR) E-Jurnal Ekonomi Pembangunan
Chendry, Efan James William
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Economics, Econometrics & Finance

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TRANSFORMATION OF BUMDES HUMAN RESOURCES: FROM LOCAL MANAGERS TO RURAL ENTREPRENEURS IN THE AGE OF DISRUPTION Jumardi; Utomo, Jason Agustinus Priyogo; Chendry, Efan James William; Monalisa; Firman, Afrizal
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 9 No 4 (2025): IJEBAR, VOL. 09 ISSUE 04, DECEMBER 2025
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v9i4.18569

Abstract

A Village-Owned Enterprises (BUMDes) play a strategic role in rural economic development by managing local resources. However, the ongoing digital disruption, characterized by technological shifts, market volatility, and intensified competition, demands a fundamental transformation of the human capital within BUMDes. This study aims to analyze the capacity of BUMDes human resources in facing disruptive challenges, identify key enabling and inhibiting factors in their transformation from local managers to rural entrepreneurs, and formulate relevant and sustainable strategies for their development. Employing a quantitative approach, data were collected through structured questionnaires distributed to 40 BUMDes administrators across multiple regions. The analysis utilized Partial Least Squares Structural Equation Modeling (PLS-SEM) to assess the interrelationship between variables. The results revealed that digital skills significantly influence the readiness for role transformation, while managerial knowledge and innovation motivation did not show statistically significant effects. The study contributes theoretically by expanding the human capital framework in the context of rural development and offers practical insights for policy design related to structured digital training and mentoring programs. It alsoadvocates for a collaborative ecosystem involving local governments and development actors to support inclusive and sustainable rural entrepreneurship in the face of ongoing disruptions.
The profitability of Indonesian infrastructure companies amid COVID-19: Quantile regression for stability testing Wijaya, Jason; Hartono, Powell Gian; Setiawati, Jacky; Wijaya, Janssen; Sutanto, Reinhard Stenley; Chendry, Efan James William
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 1: April 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i1.24971

Abstract

: The COVID-19 pandemic has significantly impacted the global economy, including Indonesia, adversely affecting financial performance, particularly profitability, in sectors such as infrastructure, which are highly sensitive to macroeconomic conditions. This study aims to examine the profitability of Indonesian infrastructure companies during the COVID-19 crisis period. Using annual GDP growth (GDPG) as a proxy for macroeconomic conditions and return on assets (ROA) as a measure of profitability, the study incorporates control variables in an empirical model. A sample of 41 companies was selected through purposive sampling, and Quantile Regression was employed to test stability across various quantile distributions of the endogenous variable. The findings reveal that infrastructure companies experienced a decline in profitability during the crisis years of 2020 and 2021 compared to the pre-crisis period, with profitability improving in 2022 as GDP growth rebounded. Robustness checks confirm consistent results across quantiles 0.1 to 0.7, indicating stability in low (τ = 0.1–0.3) and medium (τ = 0.4–0.6) profitability levels. However, the relationship was unstable at higher quantiles (τ = 0.7–0.9), with significant effects observed only at τ = 0.7. These empirical findings suggest managerial implications for corporate executives and financial decision-makers within Indonesian infrastructure companies, emphasizing the need for operational strategy adaptations, including cash flow efficiency, revenue diversification, and risk mitigation, to navigate macroeconomic dynamics and capitalize on economic recovery opportunities.
EFFECTS OF GDP PER CAPITA, FDI, AND EXPORTS ON LIFE EXPECTANCY: A PANEL REGRESSION ANALYSIS Maichal, Maichal; Juan Witera, Yale; Putra Chananta, Joshua; Chendry, Efan James William
E-Jurnal Ekonomi Pembangunan Vol. 14 No. 3 (2025): Vol. 14, No. 3, MARET 2025 (pp.185-255)
Publisher : Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EEP.2025.v14.i03.p05

Abstract

Angka harapan hidup adalah indikator fundamental kesehatan masyarakat dan kesejahteraan ekonomi yang mencerminkan kualitas hidup suatu negara secara keseluruhan. Seiring dengan perkembangan suatu negara, pertumbuhan ekonomi biasanya meningkatkan layanan kesehatan, gizi, pendidikan, dan standar hidup, sehingga meningkatkan angka harapan hidup. Penelitian ini menguji pengaruh PDB per kapita, Penanaman Modal Asing (PMA), dan Ekspor terhadap angka harapan hidup dengan menggunakan regresi data panel di beberapa negara. Analisis ini menggunakan Random Effects Model (REM) dengan kesalahan standar yang kuat untuk memperhitungkan heterogenitas dan memastikan kesimpulan yang dapat diandalkan. Temuan kami menunjukkan bahwa PDB per kapita yang lebih tinggi dan peningkatan aktivitas ekspor sangat terkait dengan peningkatan angka harapan hidup, yang menunjukkan bahwa sumber daya ekonomi yang lebih besar dan integrasi pasar meningkatkan akses terhadap layanan kesehatan yang berkualitas. Sebaliknya, FDI menunjukkan efek yang beragam terhadap angka harapan hidup, menyiratkan bahwa manfaat modal asing bergantung pada faktor-faktor spesifik negara. Secara keseluruhan, hasil-hasil ini menyoroti pentingnya kebijakan ekonomi dalam meningkatkan kesehatan masyarakat dan pembangunan.
Co-Authors Firman, Afrizal Juan Witera, Yale JUMARDI Maichal Maichal Monalisa Powell Gian Hartono Putra Chananta, Joshua Setiawati, Jacky Sutanto, Reinhard Stenley Utomo, Jason Agustinus Priyogo Wijaya, Janssen Wijaya, Jason