Journal of Management and Business Review
Vol 19, No 2 (2022)

Model Denda Berdasarkan Tingkat Inflasi untuk Mendukung Anggaran Belanja Negara yang Berkelanjutan

Benny Budiawan Tjandrasa (Program Studi Magister Manajemen Fakultas Bisnis Universitas Kristen Maranatha)
Ida Ida (Unknown)
Kayla Abigail Christy (Program Studi Sarjana Manajemen Fakultas Bisnis Universitas Kristen Maranatha)



Article Info

Publish Date
28 Jul 2022

Abstract

The imposition of fines in articles of the Criminal Code aims to provide a deterrent effect and as income for the state to compensate for the losses incurred, but some of the fines in the existing articles are so small that they do not cause a deterrent effect and do not provide significant income for the state. The inflation rate in Indonesia for several decades has made the determination of the value of fines in rupiah values in the prevailing articles no longer relevant for the sustainability of a deterrent effect and compensation for the state. This study proposes a model of fines that can be used sustainably with a value equivalent to the increase in inflation using multivariate regression analysis. The samples used are the prices of gold, silver, and platinum to represent precious metals, and the exchange rates used are USD and JPY. The test results of USD and platinum precious metal have a significant and positive correlation. Considering that the Republic of Indonesia is a sovereign country and does not want to depend on other countries' monetary systems or economic policies, it is advisable to choose the price of the platinum precious metal as the amount of the fine imposed in legal cases.

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Journal Info

Abbrev

jmbr

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Journal of Management and Business Review (JMBR) is a source of scientific information for academia, research institution, government agencies, and industries. We publish research paper on management and business strategy as well as related ...