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SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS
Published by Universitas Sriwijaya
ISSN : 25812904     EISSN : 25812912     DOI : -
Core Subject : Economy,
The SIJDEB invites manuscripts in the various topics include, but not limited to functional areas of Financial Management, Marketing Management, Human Resource Management, Entrepreneurship, Strategic Management, Public Economics, Monetary Economics, Industrial Economics, Human Resource Economics, Development Economics, Economics Planning, Agricultural Economics, Islamic Economy, Islamic Finance, Public Sector Accounting, Taxation, Accounting Information System, Financial Accounting, Auditing and Business Ethics and Suistainable.
Arjuna Subject : -
Articles 269 Documents
Agglomeration without Growth? A Comprehensive Assessment towards Palembang’s Industrial Agglomeration Policies Muhammad Raka Hadiyan; Andi Rahmansyah
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 9, No. 4, December 2025
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v9i4.373-390

Abstract

This study undertakes a comprehensive assessment of Palembang’s industrial agglomeration performance while also map policy interventions required to strengthen future outcomes. Using a mixed-method approach, we construct a five-dimensional Industrial Agglomeration Index: Capital Access (CAP), Infrastructure (INF), Local Market Conditions (LOM), Labor Availability (LAB), and Living Quality (HDI), to later examine its relationship with Palembang’s Balassa Index over 2015–2024. Despite Palembang’s poor performance when being compared nationwide, quantitative findings instead reveal a positive transformation within the city’s manufactures, with the Index rising from -0.133 to 0.609 under a 10-year observation span. However, when being deepened from each dimension, progress remains uneven; LOM, INF, and LAB exhibit persistent volatility. Regression analysis uncovers a significant one-to two-year temporal lag between agglomeration conditions and realized industrial performance. Qualitative insights from stakeholder interviews identify three priority interventions: sustained infrastructure investment, local market development, and labor market stabilization. The findings demonstrate that effective agglomeration policy requires coordinated, multi-dimensional attention and a medium-term evaluation horizon to deliver inclusive growth. Those requirement becomes really urgent for a city like Palembang to increase their manufacturing power and achieve stable economic growth. 
Geopolitical Effect: Investor Sentiment And Stock Returns Admist Israeli-Palestinian Conflict Muhammad Cholil; Ari Prasetyo; Mohd Syakir Bin Mohd Rosdi; Hesti Eka Setianingsih; Nurul Fauziyah; Fuad Hasyim
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 9, No. 4, December 2025
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v9i4.413-432

Abstract

The Israeli–Palestinian conflict represents a major geopolitical event that can trigger uncertainty and volatility in global financial markets. This study investigates the impact of the conflict on investor sentiment and stock returns by comparing the stability of sharia and conventional stock markets in five Southeast Asian countries (Indonesia, Malaysia, Singapore, Thailand, and the Philippines). Using an event study approach with a 101-day event window surrounding October 7, 2023, this study examines abnormal returns before and after the conflict escalation. The findings reveal that conventional stock markets exhibit more frequent significant abnormal returns, indicating higher sensitivity to geopolitical shocks, whereas sharia stock markets demonstrate greater stability with fewer significant reactions. Furthermore, while no significant difference in abnormal returns is found in conventional markets before and after the event, sharia markets show a significant difference, suggesting a more controlled but responsive reaction to new information. These results extend the risk-as-feelings theory by showing that emotional responses to geopolitical uncertainty are more contained within sharia-compliant investment frameworks. The study contributes to the literature by providing comparative evidence from Southeast Asia and offers practical insights for investors seeking more resilient investment strategies during periods of geopolitical instability. 
Public Acceptance and Institutional Trust in Nuclear Energy Transition Policies in Indonesia Muhammad Faisal Akbar; Suhaidar; Nur Ahmad Ricky Rudianto; Rulyanti Susi Wardhani
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 10, No. 1, March 2026
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v10i1.1-20

Abstract

This study investigates how socioeconomic characteristics and governance perceptions influence public acceptance of Indonesia’s energy transition, with a particular focus on nuclear energy and institutional trust. As Indonesia moves to reduce fossil-fuel dependence and diversify its energy mix, public support becomes critical to the legitimacy and implementation of transition policies. Using survey data from 189 residents of the Bangka Belitung Islands, this study applies a Probit regression model to estimate the effects of age, education, income, and governance-related perceptions, including regulatory compliance, political influence, and freedom of expression. The results show that age has a statistically significant negative effect on acceptance, indicating that older individuals are less likely to support nuclear energy development. By contrast, respondents who perceive government institutions as more compliant with regulations and more responsive to public concerns are more likely to support the transition. Other socioeconomic variables show limited explanatory power. These findings suggest that institutional trust and governance quality are more influential than socioeconomic status in shaping public acceptance of nuclear energy in Indonesia’s energy transition context.
Transfer Pricing and Tunneling: Moderating Role of Female Directors in Indonesian Perspective Destian Villania Putri; Elva Nuraina; Nur Wahyuning Sulistyowati
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 10, No. 1, March 2026
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v10i1.21-36

Abstract

This study aims to examine the effect of transfer pricing on tunneling practices by considering the role of female directors as a moderating variable. Using a quantitative approach with a sample of 265 observations of non-financial companies listed on the Indonesia Stock Exchange for the 2019–2023 period, this study applies linear regression analysis and Moderated Regression Analysis (MRA). The results show that transfer pricing has no significant effect on tunneling. However, female directors have been shown to significantly moderate the relationship by strengthening oversight mechanisms, therebysuppressing the potential for tunneling. This study's contribution lies in integrating agency theory and gender diversity to explain companies' opportunistic behavior in developing countries. In practice, these findings emphasize the importance of gender diversity in strengthening corporate governance and reducing the risk of financial policy abuse.
Industrial Capacity and Economic Development: The Role of Institutional Quality and Monetary Policy in Nigeria Courage Ose Eburajolo; Ewere F Okungbowa
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 10, No. 1, March 2026
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v10i1.59-76

Abstract

The moderating effect of the two variables, namely institutional quality and monetary policy, in the link between manufacturing sector performance and economic development in Nigeria between the period 2000Q1 and 2024Q4, have been investigated in this study. The results from the use of the ARDL framework to the quarterly time series data indicates that the path dependent growth theories are supported by the findings, since economic development from the past has significant impact on the current economic development. The manufacturing sector has a positive and statistically significant impact on the Human Development Index (HDI). Of particular interest, real interest rates exhibit a stronger effect on economic development via the manufacturing sector channels than broad money supply (M2). The institutional quality variable (regulatory quality) does not have a statistically significant moderating effect, indicating a lack of institutional quality in implementing governance in developing economies. The results support the Rostow's stage theory as these findings quantify the intertemporal spillover effects of development and shed light on monetary policy transmission heterogeneity in the endogenous growth field. There is a special focus on interest rate targeting to stimulate manufacturing investment andinstitutional mechanisms to guarantee developmental continuity in policy recommendations.
Inclusive Islamic Financing for Advancing Sustainable Intensification among Oil Palm Smallholders Fajar Budiman; Hari Candra
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 10, No. 1, March 2026
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v10i1.37-58

Abstract

This study develops an Islamic financing model designed for the independent oil palm smallholders in West Pasaman, Indonesia that supports sustainable intensification. Using the Research and Development (R&D) approach of design science, combining survey and interview data from 187 farmers and 15 expert informants respectively. The findings demonstrate that the economically viable sustainable intensification of oil palm smallholders in West Pasaman is challenged by a lack of adequate planting material, poor financing, and limited technical capabilities coupled with fragmented institutional coordination. However, there is considerable potential in the region for oil palm-cattle integration and for intercropping. The study proposes a financing model that integrates Islamic commercial and social finance with technical support andinstitutional collaboration. This study contributes to existing financing literature by asserting that Islamic finance is a source of capital collaboration mechanism for oil palm smallholders to shift toward more sustainable in farming intensification systems.
The Influence of Visionary Leadership, Motivation, and Organizational Culture on Employee Performance at the Regional Financial Agency of Pagar Alam City Dhinda Putri Savina; Azwardi; Yomeini Margareth
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 10, No. 1, March 2026
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v10i1.77-88

Abstract

This study aims to determine the influence of visionary leadership, motivation, and organizational culture on employee performance at the Regional Finance Agency of Pagar Alam City. The research sample amounted to 70 employees of the Regional Finance Agency of Pagar Alam City. The data collection method was carried out through the distribution of questionnaires to respondents. The type of research used is quantitative research with multiple linear regression analysis to test the influence of independent variables on dependent variables. The results of the study show that visionary leadership, work motivation, and organizational culture have a positive and significant effect on employee performance. These findings show that the improvement in the performance of employees of the Pagar Alam City Regional Finance Agency is influenced by the clarity of the vision communicated by the leader, the work motivation that encourages employees to carry out their duties, and the existing organizational culture. This study recommends the importance of strengthening the role of visionary leadership, efforts to increase motivation, and organizational culture in order to support the effectiveness of organizational performance. 
Energy Consumption, Exports, Foreign Direct Investment, and Economic Growth in ASEAN-5: The Mediating Role of Greenhouse Gas Emissions Bahrul Ulum Rusydi; Baso Iwang; Radiatul Adwia
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 10, No. 1, March 2026
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v10i1.89-102

Abstract

This study examines how greenhouse gas (GHG) emissions mediate the relationships between per capita energy consumption, exports, foreign direct investment (FDI), and economic growth in the ASEAN-5 economies. A panel of Indonesia, Malaysia, the Philippines, Singapore, and Thailand from 1991 to 2023 is estimated using two linked panel-regression equations. Estimator selection follows the Chow and Hausman tests, and indirect effects are evaluated using the Sobel product-of-coefficients test. The results show that per capita energy consumption and FDI significantly increase GHG emissions, whereas exports reduce them. In the growth equation, energy consumption and exports have negative direct associations at the 10 percent level, FDI has a positive association at the 5 percent level, and GHG emissions have a negative association at the 5 percent level. All three indirect effects are statistically significant, the emission channel reinforces the negative relationship between energy and growth, offsets part of the negative relationship between exports and growth, and reduces the positive contribution of FDI to growth. The study's main contribution is to demonstrate that a common environmental mediator operates differently across major growth drivers. The findings support ASEAN strategies centered on energy productivity, low-carbon export upgrading, green-FDI screening, and interoperable regional carbon-management frameworks.
Investor Herding Behaviour in a Frontier Market: Evidence from Dar es Salaam Stock Exchange Abraham Charles Nathanael; Karoli Calist Chami
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 10, No. 2, June 2026
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v10i2.103-130

Abstract

This paper examines how investors behave in the Dar es Salaam Stock Exchange (DSE), with a focus on their tendency to follow others when making investment decisions. Based on survey data from 356 investors, the study uses Partial Least Squares Structural Equation Modeling (PLS-SEM) to explore how psychological, demographic, and informational factors shape herding behaviour. The results reveal that psychological traits including risk aversion, overconfidence, and trust in peers together with the market information environment, have a strong and significant effect on herding. In contrast, demographic factors such as age, education, and income show only weak influence. In the presence of limited information and uncertainty, psychological biases have more significance, hence making the investors base their decision on the actions of other people instead of their independent analysis. Such collective behaviour creates mispricing in the market, leading to inefficiency and poor investment performance. According to the findings of the paper, information transparency and better awareness of the investors would be effective in preventing herding behaviour.