Hasanuddin Economics and Business Review
Hasanuddin Economics and Business Review (HEBR) is an international triannual open access and peer reviewed journal of economics and business. HEBR is published by Faculty of Economics and Business Hasanuddin University. The journal is published in both print and online versions.
Articles
12 Documents
Search results for
, issue
"VOLUME 3 NUMBER 3, 2020"
:
12 Documents
clear
<![CDATA[Achieving Sustainable Future through Indigenous People: The Case of Weaver Community in South Pringgasela, West Nusa Tenggara ]]>
<![CDATA[Marinda Putri, Anggina]]>;
<![CDATA[Kusumastuti, Retno]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (97.546 KB)
|
DOI: 10.26487/hebr.v3i3.2052
<![CDATA[This article discusses weave fabric as one of the potential industrial development areas in East Lombok, West Nusa Tenggara. The discussion is conducted by looking at indigenous people as resources that need to be maintained. Indigenous people are native people of an area or natives who maintain the indigenous knowledge as local wisdom of the area. Lombok has weave fabric as a valuable cultural heritage. In the beginning, many villages in Lombok developed various kinds of weavings. However, due to the development of each of the village’s territory, few were able to survive and some had even become extinct due to the declining number of weavers. This is what had led to the establishment of a group of weavers in South Pringgasela. Although in the beginning the establishment of the weaver community was intended to facilitate the weavers in selling their weaving products, the weaver community eventually became a weaving information center for anyone who wants to learn about weaving. This step will achieve success if the surrounding indigenous community were to actively carry it out. A sustainable result is achieved because it is rooted in the weaver community itself. This study employed mixed methods and collected data by using questionnaires, observations and in-depth interviews. ]]>
<![CDATA[Fundamental Factor Analysis on Stock Returns Based on the Panel Data of LQ'45 Index ]]>
<![CDATA[Sumani, Sumani]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (126.67 KB)
|
DOI: 10.26487/hebr.v3i3.2195
<![CDATA[This study aims to investigate the influence of fundamental factors on stock returns on the companies listed in the LQ’45 index in the Indonesia Stock Exchange. This research uses explanatory research design. The population consists of 45 companies listed in the LQ'45 index. The purposive sampling technique is used and collected a total of 23 companies as the sample. The number of samples was 23 companies because these companies consistently formed the LQ'45 index for the 2014-2018 periods. Those companies are fulfilling the criteria which are continually included in the LQ’45 index throughout the analysis period. Thus, the data panels used in this study were as much as 115 observations. Fundamental factors proxies by TATO, MBV, CR, DER, NPM, and EPS. The multiple linear regression analysis is used and the results showed that TATO has a significant positive effect on stock returns, MBV has a significant negative effect on stock returns, while CR, DER, NPM, and EPS have no significant effects on the stock return of LQ’45 index-listed companies.]]>
<![CDATA[THE STRATEGY OF SME / SMIS DEVELOPMENT IN DKI JAKARTA ]]>
<![CDATA[Mulyantini, Sri]]>;
<![CDATA[Hidayati, Siti]]>;
<![CDATA[Marlina, Marlina]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (163.033 KB)
|
DOI: 10.26487/hebr.v3i2.1847
<![CDATA[This research aims to identify local government strategies in developing MSMEs. A qualitative method with observation techniques, in-depth interviews (depth interviews) and Focus Group Discussion (FGD) was applied to obtain primary data. The result was that IFE analysis with a score of 3.02 shows the internal conditions in a good category (the first rank was the marketing factor followed by production and information system factors). The result of the analysis of strengths, weaknesses, opportunities, and threats shows that the strategy lied in quadrant I. The right strategy in this quadrant is the aggressive strategy which in this case MSME players could take advantage of opportunities that are supported by internal strengths owned, oriented towards growth strategies. The total EFE matrix score is 3.15. which shows the external conditions are in a good category were in the first rank was the government's partisanship, the business world towards MSMEs, the separation of MSMEs and SMISs, and the availability of capital. The disadvantage is the high level of social and security vulnerability. Based on the QSPM and IFE Matrix, 2 cumulative alternative strategies were obtained with the TAS value of the Product Development Strategy of 2.54 and the TAS value of the Market Development Strategy of 2.78, as the main alternative that should be chosen. Based on QSPM and EFE, the TAS value of the Product Development strategy is 2.3 and the TAS value of the Market Development Strategy is 2.82, becoming the main alternative that should be chosen.]]>
<![CDATA[Impact of Governance on Financial Development: evidence from West Africa ]]>
<![CDATA[Abubakar, Yahaya Ibrahim]]>;
<![CDATA[Mustapha, Rafiu Ayobanji]]>;
<![CDATA[Ajiboye, Emmanuel Shola]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (143.646 KB)
|
DOI: 10.26487/hebr.v3i3.2055
<![CDATA[The study explores the impacts of governance on financial development in West African countries.Data for the study were obtained from the World Bank Database covering the period from 2006-2017. The variables for governance comprises of the six world governance indicators while financial development was represented by ratio of bank deposit to GDP and domestic credit to private sector. The control variables included in the model are interest rate, inflation, GDP per capita and trade openness. The findings from the study revealed that political stability and absence of violence, and regulatory quality have significant effects on both proxies of financial development. Also, voice and accountability, trade openness and interest rate show significances on the ratio bank deposit to GDP while government effectiveness (negative), rule of law, and control of corruption show significances on domestic credit to private sector. Thus, improving the quality of governance through strengthening legal and institutional frameworks, enforcement of standards and empowering of supervisory agencies, introducing an efficient regulatory environment to facilitate financial inclusion will play significant roles in the pace of financial development in the West Africa region. Keywords: Governance, Financial Development and West Africa]]>
<![CDATA[A Qualitative Study of Employees’ Motivation Factors on Organization : A Case Study from a Company in Indonesia ]]>
<![CDATA[Setiawan, Danu Ade]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (421.962 KB)
|
DOI: 10.26487/hebr.v3i3.1998
<![CDATA[Due to the vital function of employees in the organizations that leads to both financial and non-financial performance, it is necessary for management to increase the motivation of their employees. Plenty of researches were conducted in past decades in the topic of employees motivation with the purpose of finding the factors that affect the employees’ motivation significantly. This paper examined employees’ motivation factors in one of Indonesia’s state owned company. Through qualitative approaches, in-depth interviews were conducted to eight active employees with a focus on four predetermined motivation factors that are salary, growth opportunity, work-life balance, and reward/recognition. The result found that all of the predetermined factors has an influence on the employees’ motivation in order to perform well in the company. Furthermore, the findings also discover some conditions required to be improved regarding specific employees characteristic such as supervisory level position. In the end, this paper is expected to generate some possible recommendations for organization in order to maintain and increase employees’ motivation.]]>
<![CDATA[Financial Statement Ratio Analysis to Predict Bankruptcy nn Company Registered in BEI - Jakarta (Altman Z-Score Method and Zmijewski) ]]>
<![CDATA[Silvan, Andi]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (114.747 KB)
|
DOI: 10.26487/hebr.v3i3.2188
<![CDATA[AbstractThis study takes the topic of predicting corporate bankruptcies. This research dqlam use traditional methods Altman Z-Score and Zmijewski. The purpose of this study was to obtain in-depth information about predicting bankruptcy of companies that are not necessarily directly to bankruptcy, but there is financial distress.Based on the results of research conducted on the four (4) non industrial manufacturing company listed on the Indonesia Stock Exchange (BEI). Obtaining the value z-score represents the average company are in good condition, which means no financial distress. Acquisition value of x-score has a value of less than 0 (zero) which means that the company is in good condition and is predicted not experiencing financial difficulties. This study led to the conclusion that the Altman Z-Score and Zmijewski method can be used to predict corporate bankruptcy. Keywords: Financial Ratios, Bankruptcy, Company.]]>
<![CDATA[THE STRATEGY OF SME / SMIS DEVELOPMENT IN DKI JAKARTA ]]>
<![CDATA[Mulyantini, Sri]]>;
<![CDATA[Hidayati, Siti]]>;
<![CDATA[Marlina, Marlina]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26487/hebr.v3i2.1847
<![CDATA[This research aims to identify local government strategies in developing MSMEs. A qualitative method with observation techniques, in-depth interviews (depth interviews) and Focus Group Discussion (FGD) was applied to obtain primary data. The result was that IFE analysis with a score of 3.02 shows the internal conditions in a good category (the first rank was the marketing factor followed by production and information system factors). The result of the analysis of strengths, weaknesses, opportunities, and threats shows that the strategy lied in quadrant I. The right strategy in this quadrant is the aggressive strategy which in this case MSME players could take advantage of opportunities that are supported by internal strengths owned, oriented towards growth strategies. The total EFE matrix score is 3.15. which shows the external conditions are in a good category were in the first rank was the government's partisanship, the business world towards MSMEs, the separation of MSMEs and SMISs, and the availability of capital. The disadvantage is the high level of social and security vulnerability. Based on the QSPM and IFE Matrix, 2 cumulative alternative strategies were obtained with the TAS value of the Product Development Strategy of 2.54 and the TAS value of the Market Development Strategy of 2.78, as the main alternative that should be chosen. Based on QSPM and EFE, the TAS value of the Product Development strategy is 2.3 and the TAS value of the Market Development Strategy is 2.82, becoming the main alternative that should be chosen.]]>
<![CDATA[A Qualitative Study of Employees’ Motivation Factors on Organization : A Case Study from a Company in Indonesia ]]>
<![CDATA[Setiawan, Danu Ade]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26487/hebr.v3i3.1998
<![CDATA[Due to the vital function of employees in the organizations that leads to both financial and non-financial performance, it is necessary for management to increase the motivation of their employees. Plenty of researches were conducted in past decades in the topic of employees motivation with the purpose of finding the factors that affect the employees’ motivation significantly. This paper examined employees’ motivation factors in one of Indonesia’s state owned company. Through qualitative approaches, in-depth interviews were conducted to eight active employees with a focus on four predetermined motivation factors that are salary, growth opportunity, work-life balance, and reward/recognition. The result found that all of the predetermined factors has an influence on the employees’ motivation in order to perform well in the company. Furthermore, the findings also discover some conditions required to be improved regarding specific employees characteristic such as supervisory level position. In the end, this paper is expected to generate some possible recommendations for organization in order to maintain and increase employees’ motivation.]]>
<![CDATA[Achieving Sustainable Future through Indigenous People: The Case of Weaver Community in South Pringgasela, West Nusa Tenggara ]]>
<![CDATA[Marinda Putri, Anggina]]>;
<![CDATA[Kusumastuti, Retno]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26487/hebr.v3i3.2052
<![CDATA[This article discusses weave fabric as one of the potential industrial development areas in East Lombok, West Nusa Tenggara. The discussion is conducted by looking at indigenous people as resources that need to be maintained. Indigenous people are native people of an area or natives who maintain the indigenous knowledge as local wisdom of the area. Lombok has weave fabric as a valuable cultural heritage. In the beginning, many villages in Lombok developed various kinds of weavings. However, due to the development of each of the village’s territory, few were able to survive and some had even become extinct due to the declining number of weavers. This is what had led to the establishment of a group of weavers in South Pringgasela. Although in the beginning the establishment of the weaver community was intended to facilitate the weavers in selling their weaving products, the weaver community eventually became a weaving information center for anyone who wants to learn about weaving. This step will achieve success if the surrounding indigenous community were to actively carry it out. A sustainable result is achieved because it is rooted in the weaver community itself. This study employed mixed methods and collected data by using questionnaires, observations and in-depth interviews. ]]>
<![CDATA[Impact of Governance on Financial Development: evidence from West Africa ]]>
<![CDATA[Abubakar, Yahaya Ibrahim]]>;
<![CDATA[Mustapha, Rafiu Ayobanji]]>;
<![CDATA[Ajiboye, Emmanuel Shola]]>
<![CDATA[ Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Hasanuddin University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26487/hebr.v3i3.2055
<![CDATA[The study explores the impacts of governance on financial development in West African countries.Data for the study were obtained from the World Bank Database covering the period from 2006-2017. The variables for governance comprises of the six world governance indicators while financial development was represented by ratio of bank deposit to GDP and domestic credit to private sector. The control variables included in the model are interest rate, inflation, GDP per capita and trade openness. The findings from the study revealed that political stability and absence of violence, and regulatory quality have significant effects on both proxies of financial development. Also, voice and accountability, trade openness and interest rate show significances on the ratio bank deposit to GDP while government effectiveness (negative), rule of law, and control of corruption show significances on domestic credit to private sector. Thus, improving the quality of governance through strengthening legal and institutional frameworks, enforcement of standards and empowering of supervisory agencies, introducing an efficient regulatory environment to facilitate financial inclusion will play significant roles in the pace of financial development in the West Africa region. Keywords: Governance, Financial Development and West Africa]]>
