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AFEBI Economic and Finance Review
ISSN : 25485261     EISSN : 2548527X     DOI : -
Core Subject : Economy,
AFEBI Economic and Finance Review (AEFR) is an academic journal which is published twice a year (June and December) by The Association of The Faculty of Economics and Business Indonesia. AEFR is aimed as an outlet for theoretical and empirical research in the field of economics and to disseminate the information of the economics research was conducted by members of AFEBI in particular and researchers in general to the academics, practitioners, students, and others who interested in economics research.
Arjuna Subject : -
Articles 172 Documents
The influence of brand image, Brand Personality and Brand Experience on Brand Love and Their Impact on Brand Loyalty of Cellular Card Users gusti noorlitaria achmad, gusti noorlitaria achmad; syarifah Hudayah, syarifah Hudayah; Saida Zainurossalamia ZA, Saida Zainurossalamia ZA; shibghati Mutia Hasanah, shibghati Mutia Hasanah
AFEBI Economic and Finance Review Vol. 5 No. 1 (2020): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v5i1.680

Abstract

Abstract The purpose of this research is to know: (1) influence of brand image to brand love (2) influence of brand personality to brand love, (3) influence of brand experience to brand love (4) influence of brand image to brand loyalty (5) influence of brandexperience to brand loyalty, (6) the influence of brand love on brand loyalty. This research was conducted using a sample of 131 people and data are taken by giving respondents structural questionaires. In terms of data analysis, this research used Partial Least Square (PLS)
The Leader’s Role on Civil Service Reform in Asean Countries Tjiptoherijanto, Prijono
AFEBI Economic and Finance Review Vol. 2 No. 1 (2017): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v2i1.681

Abstract

In many Asian Countries, public administration is in the process of considerable change and reform. Citizens in these countries have demanded faster, better, and cheaper public service. They have also demanded more efficient goverment. In order to meet these demands, the nation has to change its public services into more democratic, efficient, and citizen-oriented goverment. Experiences gathered from Malaysia, Thailand, and the Philippines, in comparison to the situation in Indonesia, which the another lived are discussed. JEL Classification: A10, H10, H19Keywords: Civil Service Reform, Leadership Values, Trust Deficit
Day-of-The-Week Anomaly on Different Stock Capitalization: Evidence from Indonesian Stock Market Juniarwoko, Dadang Wahyu; Irawan, Tony; Anggraeni, Lukytawati
AFEBI Economic and Finance Review Vol. 2 No. 1 (2017): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v2i1.682

Abstract

The aim of this study is to determine whether the “Day-of-The-Week Anomaly” (DOWA) exists on different stock capitalization in Indonesian stock market. A total of 58 stocks listed in both LQ45 index and Pefindo25 index used to represent large cap stocks and small and medium cap stocks respectively. The Ordinary Least Squares (OLS) method and ARCH/GARCH model were employed to capture the DOWA and the daily volatility behavior for the period between January 2010 and December 2015. The result reveals that DOWA exist for a significant proportion of individual stocks in both LQ45 and Pefindo25. Monday was found to have the lowest mean returns while Wednesday has the highest mean return. The differences between Monday’s return and return of the other days ranged from 0.15 to 0.41 percent. LQ45 stocks also found to have slightly higher Wednesday’s volatility than of Pefindo25 stocks. It indicates that the higher return of the LQ45 is naturally accompanied by a higher risk. JEL Classification: G02, G10, G17Keywords: Day-of-The-Week Anomaly, Indonesia, LQ45, Pefindo25, Stock Market
The Role of Tourism in The DevelopmeAnt of Regional Economy: Case Study of The Special Capital Region of Jakarta Province Remi, Sutyastie Soemitro; Dwi Waluyo, SettingsSihono; Muljarijadi, Bagdja
AFEBI Economic and Finance Review Vol. 2 No. 1 (2017): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v2i1.683

Abstract

This study aims to assess the economic role of tourism to the economy of the Province of the Special Capital Region (DKI) of Jakarta. The research model used is the input-output model. The results showed that the tourism economy of Jakarta contributed significantly to the economy of Jakarta. The restaurant sector in the core sectors of tourism (hotel, restaurant, travel agency services and entertainment services, transportation) have the highest backward linkages and forward linkages as well as power distribution and a high level of sensitivity. In the tourist expenditure structure, the expenditure for sectors that are directly related to tourism highway transportation, hotel and restaurant occupy the highest role. Sectors that have an impact on the resulting output of the largest tourist expenditure is directly related to the sectors of tourism, namely the hotel sector, followed by the air transport sector, banks, insurance and business services, restaurant and travel agency services. While that get impacted gross value added is the largest hotel, air transport; banks, insurance and business services; restaurant and travel agency services. Which have an impact on wages / salaries is the largest hotel sector, air transport, restaurant and travel agency services. The impact of the tax, which obtained the largest sector was the hotel sector, followed by restaurants, trade and travel agency services. The resulting impact of labor is the hotel sector which obtained the largest share, followed by the restaurant sector, air transport and travel agency services. The results also show the potential for increased tourism to the economic value of Jakarta which can be achieved by: (1) prepare tourism policy related to trade, the bank sector, insurance and business services sector, the food industry, beverages, tobacco and cigarettes; the electricity sector / gas / water, and the construction sector, and (2) developing the core sectors of tourism with hotel sector priorities, the air transport sector, the sector of the restaurant, travel agency services sector, and the road transport sector. JEL Classification: H71, L80, L83Keywords: Input-Output, Labor, Linkages, Multipliers, Taxes, Wages/Salaries
The Financial Performance of Regencies/Cities in South Sumatera Province (2006-2015 Time Period) Rohima, Siti
AFEBI Economic and Finance Review Vol. 2 No. 1 (2017): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v2i1.684

Abstract

This study is for observing the regional financial performance influence of regencies/cities in South Sumatera province. The research is implemented quantitatively by using the data panel double regression of the 2006 – 2015 time period. Regional financial performance covers fiscal decentralization, autonomy, effectiveness and efficiency. Based on a partial count, fiscal decentralization has a regression coefficient as large as 62.73185, which means fiscal decentralization has a positive and significant influence to economic growth. Then regional finance autonomy has a regression coefficient as large as -16.04656 which means that regional autonomy has a negative influence yet significant to economic growth. Observing from regional financial effectiveness which has a regression coefficient as large as -0.074855, which means that effectiveness has a negative influence and not significant to economic growth. Regional financial efficiency has a regression coefficient as large as -0.254122, which means that efficiency has a negative influence and not significant to economic growth. Based on the count as a whole it means that Fiscal Decentralization, Regional Finance Autonomy, Effectiveness, and Efficiency have significant influences to economic growth. This means regional financial performance is very influential to the economic growth of regencies/cities in South Sumatera Province in the 2006-2015 time period. JEL Classification: E02, H70, H77Keywords: Autonomy, Economic Growth, Effectiveness, Efficiency, Regional Financial Performance, Fiscal Decentralization
The Influence of The Interest Rate (BI Rate) and Non Performing Loan (NPL) To The Distribution of Banking Credit in Bengkulu Province in The Years 2013-2015 Damarsiwi, Eska Prima Monique
AFEBI Economic and Finance Review Vol. 2 No. 1 (2017): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v2i1.685

Abstract

Banks collect funds from the public in the form of deposits and are distributed back in the form of credit to companies and individuals. This study is aimed to determine the effect of the BI Rate and Non-Performing Loans (NPL) to the capital loan in Bengkulu province in the years 2013-2015. Before doing the multiple regression analysis, the data should be free from the classical assumption.The empiricalresults of this partial analysis show that the variable BI Rate istcount(2.402) >ttable (2,228),this meansthat the BI Rate has a positive effect on bank lending in the province of Bengkulu. Variable Non perfoming loans (NPL) aretcount (2.531)>ttable (2,228) and sig. (0,037) < alpha (0.05), the variable Non-Performing Loan (NPL) revealed a positive and significant effect on bank lending in the province of Bengkulu. Simultaneously the variable BI Rate and Non-Performing Loans (NPL) have the values of F (11.336)> F table (4.96) with sig (0.003) <α (0.05), it means that the variable BI Rate and Non-Performing Loan (NPL) simultaneously / concurrently affect the dependent variable. The result also shows the ability of a model prediction of65.3% while the remaining34.7% are influenced by other factors outside the model that has not been incluioded in the study. Meanwhile the most dominant variable in the study is the variable BI Rate which has a value of the partial coefficient of 62.5%. JEL Classification: E43, E52, E58Keywords: BI Rate, Capital Loan, Non-Performing Loans
Diversification of Farmer Income in West Java Wardhana, Adhitya; Handayani, Reni Tri; Pamungkas, Eksa
AFEBI Economic and Finance Review Vol. 2 No. 1 (2017): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v2i1.686

Abstract

Agricultural land has decreased the impact on farmers in meeting their needs. The transition to agriculture complicates industry in its effort to meet the needs of farmers. Another issue, climate change will disrupt plant crops that will result in inefficient farming. Farming inefficiencies are a reason for farmers to diversify. This study was based on a micro data survey data of agricultural enterprise household income in the Regencies / Cities of West Java on a household level. Limits of household income diversification of farming is when the household has to venture outside the agricultural sector or one of the cores and the sources of income comes from salaries / wages of laborers / employees outside the agricultural sector. The results showed that with the increasing age of the household head the diversity decreases, the higher the education of the head of household the more it encourages the diversification of income, the more the additional land area increases diversification, the easier access to credit for adding revenue diversification, increasing the income of farmers that tend not to diversify, the more houses and stairs in school which support farmers to diversify, the more productive the household income lowers with diversification. JEL Classification: D31, O12, O13Keywords: Climate Change, Diversify, Diversity of Income, Farming, Inefficiency
The Effect of Income, Savings, Education Level, Number of Household Members, and Household Criteria (Smoker and Non-Smoker) on Household Consumption Expenditure in Sungailiat District Nisa, Khoirun; Hidayati, Hidayati; Wahyudin, Nanang
AFEBI Economic and Finance Review Vol. 7 No. 1 (2022): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v7i1.485

Abstract

The purpose of this research is to analyse and determine the effect of income, savings, education level, number of household members, and household criteria (smoker and non smoker) on household consumption expenditure in Sungailiat District. This study relied on primary data from 100 household in Sungailiat District. Data analysis was performed with multiple linier regression. The results demonstrated and partially income, number of household member, and household criteria (smoker and non-smoker) had a positive and significant effect. Savings showed a negative and significant effect. Meanwhile, education level provided a positive and insignificant effect. Simultaneously income, savings, eduation level, number of household member, and household criteria (smoker and non-smoker) affected household consumption expenditure in Sungailiat District. On average, Sungailiat District residents use nearly all of their earnings on consumption. Most consumption expenditures are made to meet food needs. Household with smoker spend more money on consumption than non-smokers.
Determination of Financial Stability Index Between Southeast Asian Countries (ASEAN 6) and Its Intracorrelation Suhartoko, Y.B.; Pratikto, Adji; Selvi Susanti Wira, Luciana
AFEBI Economic and Finance Review Vol. 7 No. 1 (2022): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v7i1.512

Abstract

The Economic crisis has impacted the disruption of the stability of a country's financial system, including ASEAN countries. In Indonesia, there is a Financial System Stability Committee (KSSK) whose duties are to coordinate monitoring and maintaining financial system stability. KSSK has the authority to set the criteria and indicators for assessing financial system stability conditions concerning the financial system's stability. The second authority is to evaluate the condition of financial system stability based on input from each member of the Financial System Stability Committee, along with supporting data and information. As an economic area with history, ASEAN countries certainly have a relationship, either strong or weak. This study conducted calculations of the financial stability index (Aggregate Financial Stability Index) built from the Morris framework (2010) consisting of sub-index Financial Development Index, Financial Vulnerability Index, Financial Soundness Index, World Economic Climate Index. The calculation results showed that in ASEAN 6, there were fluctuations in financial stability, and there were variations in the correlation of financial stability. Therefore, improving the financial stability in Indonesia needs to consider the existence of financial stability in other countries.
Indonesian Coffee Export Analysis to Germany From 1990 to 2019 Winingsih, Titis Rahayu; Septiani, Yustirania
AFEBI Economic and Finance Review Vol. 7 No. 1 (2022): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aefr.v7i1.520

Abstract

Export is the activity of selling goods abroad, one of Indonesia's main export commodities is coffee. Germany is the highest coffee consuming country in the European region, this makes Germany a potential market for Indonesian exports. This study was conducted to determine the factors that affect the volume of Indonesian coffee exports to Germany using quantitative methods and secondary data types in the form of time series from 1990 to 2019. The data sources were obtained from the Directorate General of Plantation (Ditjebun), the Central Statistics Agency ( BPS), World Bank, International Coffee Organization (ICO). Multiple regression model with ECM approach was used to analyze the data. The results of this study indicate that in the long and short term coffee production, German GDP and world coffee prices have an insignificant negative effect on coffee export activities, but in the short term the coffee production variable has a positive and insignificant effect.