SENTRALISASI
entralisasi (Journal of Economic Science/Jurnal Ilmu-Ilmu Ekonomi)is scientific peer-reviewed journal published by faculty of Economic, Universitas Muhammadiyah Sorong, Indonesia. Since estabilished in 2012, Sentralisasi is intended to provide a medium for dissemination of original and quality research on various topic in look the Focus and Scope and other related fields to be published two times a year (January and June). Sentralisasi issue consist Economic, Development Economic, Bussines, Social Economic, Acounting, Islamic Economic, Management, Human Resource Management and Entrepreneurship.
Articles
234 Documents
<![CDATA[Determinant Analysis of Corporate Social Responsibility Disclosure in Food and Beverages Company ]]>
<![CDATA[Cahyono, Dwi]]>;
<![CDATA[Nuraeni, Intan Sarifa]]>
<![CDATA[ SENTRALISASI Vol 10, No 1 (2021): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v10i1.1135
<![CDATA[The environmental sustainability has a big and important role in the success of a company. Organizational benchmarks can be seen from the company's financial performance which is allocated for Corporate Social Responsibility (CSR) disclosure. Corporate Social Responsibility (CSR) Disclosure is the company's concern for its surrounding environment, which will affect the sustainability of the company. Good companies regularly disclose their Corporate Social Responsibility (CSR). Many studies have been conducted by examining the determinants in Corporate Social Responsibility (CS ) disclosure. However, several things do not show that the research have a big effect on Corporate Social Responsibility (CSR ) disclosure. This decision making is based on existing theory. ]]>
<![CDATA[Analysis Comparative Method Shari’a Compliant Asset Pricing Model ]]>
<![CDATA[Lestari, Bekti Wiji]]>;
<![CDATA[Setiawati, Erma]]>;
<![CDATA[Sasongko, Noer]]>
<![CDATA[ SENTRALISASI Vol 10, No 2 (2021): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v10i2.1283
<![CDATA[The researcher's view of the CAPM model is not in accordance with the Islamic economy because there is an Rf element as an instrument that contains an interest element, so a modified model of CAPM based on sharia is introduced, namely SCAPM. This study aims to analyze the differences in the SCAPM method according to Tomkins & Karim (1987) SCAPM non Rf, Ashker (1987) SCAPMZ, Shaikh (2010) SCAPM NGDP, and Hanif (2011) SCAPMI. The sampling technique used was purposive sampling and obtained 19 samples. Data analysis used is the calculation of Mean Absolute Deviation (MAD), Mean Square Error (MSE), and the coefficient of determination. The results of the calculation of Mean Absolute Deviation (MAD) and Mean Square Error (MSE) explain that there are differences from the SCAPM models without risk free rate, SCAPMZ, SCAPM NGDP, and SCAPMI. Meanwhile, SCAPMI has the best explanatory power than the other four SCAPM models. It is recommended that Islamic and conventional investors use SCAPMZ modeling in predicting stock returns.]]>
<![CDATA[The Influence Of Brand Ambasador And Instagram Advertising On Zoya Cosemtic Product Purchase Decisions (Case Study On Follower Instagram @Zoyacosmetics) ]]>
<![CDATA[Dyatmika, Sutama Wisnu]]>;
<![CDATA[Viviani, Mertha]]>;
<![CDATA[Alam, Wira Yudha]]>
<![CDATA[ SENTRALISASI Vol 10, No 2 (2021): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v10i2.1322
<![CDATA[A brand is an inanimate object so that a living being is needed to represent it, on the basis of this, the brand is associated in the form of a brand ambassador (BA). BA is often massively published on the social media platform Instagram and the majority of brands use paid partnerships with Instagram. This pattern of influence will be interesting if it is associated with product purchase decisions with zoya cosmetic objects.This study aims to analyze the influence of Brand Ambassador and Instagram Ads on purchasing decisions for Zoya cosmetic products (Case study on @zoyacosmetics Instagram follower). This study uses quantitative methods, and uses a sample of 115 respondents. To test the results of the questionnaires, the researchers used a validity test with a significance result of 5% or 0.005 and a reliability test with a Cronbach alpha result of 0.968 for brand ambassadors, 0.964 for Instagram ads, and 0.895 for purchasing decisions. belong to this study there are results from hypothesis testing with a significance value of 0.000. From the results that have been obtained, it shows that BA and Instagram ads have a significant and positive effect simultaneously on purchasing decisions for Zoya cosmetic products.]]>
<![CDATA[Optimization of Speed Innovation on the Influence of Customer Orientation on Market Performance ]]>
<![CDATA[Novie, Muhafidhah]]>;
<![CDATA[Usada, Untung]]>;
<![CDATA[Asitah, Nur]]>
<![CDATA[ SENTRALISASI Vol 10, No 2 (2021): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v10i2.1307
<![CDATA[The number of Small and Medium Enterprises (SMEs) is a business group that is an important part of national economic development. The number of SMEs continues to grow but is not matched by the increase in the marketing performance of these SMEs. This research was conducted to optimize speed innovation as a mediation between customer orientation and market performance. We used 172 samples based on 302 existing populations using stratified random sampling. The research method used in analyzing the relationship between the three variables is Partial Least Squares - Structural Equation Modeling (PLS-SEM). The results of data processing show that speed innovation can mediate customer orientation in improving the market performance. This study contributes to explaining the determinants of market performance for SMEs. The results of this study show that SMEs depend on customer orientation and innovation speed to improve market performance. Customer orientation is proven to improve market performance. Customer orientation has a positive effect on SMEs performance.]]>
<![CDATA[Macroeconomic Policy Responses to COVID-19: A Case of Indonesia ]]>
<![CDATA[Saputra, Acwin Hendra]]>;
<![CDATA[Ariutama, I Gede Agus]]>
<![CDATA[ SENTRALISASI Vol 10, No 2 (2021): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v10i2.1323
<![CDATA[The health crisis triggered by the COVID-19 virus has spread to a multidimensional crisis and has a domino effect on the socio-economic and financial sectors. The economic crisis as the impact of the COVID-19 pandemic has become increasingly severe because it was accompanied by lockdown and physical distancing policies which resulted in decreasing productivity in the economy. The purpose of this research is to describe the structured efforts taken by the Government of Indonesia in dealing with the impact of the COVID-19 pandemic. The policy combination adopted by the Government of Indonesia is in the form of policies to issue a series of regulations providing legal certainty and flexibility while still highlighting the accountability. Refocusing and budget reallocation are also taken by the government to provide more flexible space for Ministries/Institutions to contribute to managing the impact of COVID-19. Another policy is the issuance of three stimulus packages and the launch of the National Economic Recovery Program (PEN).]]>
<![CDATA[The Effect of Stand Location and Booth Design on Purchase Decisions Through Positive Emotion ]]>
<![CDATA[Muzdalifah, Laily]]>;
<![CDATA[Larassaty, Ayu Lucy]]>;
<![CDATA[Sholichah, Umniyah Mar’atun]]>
<![CDATA[ SENTRALISASI Vol 10, No 2 (2021): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v10i2.1312
<![CDATA[This study is aimed to determine the effect of stand location and booth design on purchasing decisions through positive emotion. This research is a quantitative research using descriptive approach. The research sample is 100 respondents. The research setting is at wedding events that held in Icon Mall Gresik, MOG Malang and CITO Surabaya. The sample was taken by accidental sampling method, while the data collection technique used a questionnaire, documentation and observation. Data analysis technique using Path Analysis. The results shows that; 1) Stand location had an effect on positive emotion, 2) Booth design had an effect on positive emotion, 3) Positive emotion had an effect on purchasing decisions, 4) Stand location had an effect on purchasing decisions, 5) Booth design had an effect on purchasing decisions, 6) Stand location affects the purchasing decisions through positive emotions, 7) Booth design affects purchasing decisions through positive emotions.]]>
<![CDATA[Fiat Money Inconsistency and the Return of Dinar-Dirham as a Medium of Exchange in the Community ]]>
<![CDATA[Burhanuddin, Chairul Iksan]]>;
<![CDATA[Hidayat, M]]>
<![CDATA[ SENTRALISASI Vol 10, No 2 (2021): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v10i2.1326
<![CDATA[Coronavirus ior ireferred ito ias icovid-19 ihas icaused ivarious ikinds iof inegative ieffects, iespecially iin ithe ieconomic ifield. iThe isoaring iunemployment irate, ithe icontraction iin ithe ivalue iof ithe irupiah iand iother icurrencies ihas iresulted iin ian iincreasingly isluggish ieconomic imovement iin irecent itimes iuntil ithe ipanic iof ithe ivalue iof igold icontinues ito irise iin irecent imonths. iThe iqualitative imethod iis iused iby iscientifically idescribing ithe iimpact iof ithe iCovid i19 ivirus icase ion ithe imovement iof icurrency iand igold ivalues. iThe iresults iof ithis istudy iindicate ithat ithe iCovid i19 ivirus ihas ia iquite inegative iimpact ion ithe ieconomic isector, iespecially ion icurrency iand igold ivalue imovements. iThe imovement iin ithe ivalue iof ithe irupiah icontracted ito itouch iRp.14,000 iwhile ithe ivalue iof igold itended ito irise isignificantly. iThe irising igold ivalue ishows ia ipositive itrend itowards ithe ipossible iimplementation iof ithe ilegal iuse iof ithe idinar iand idirham icurrency iin ithe icommunity. iGold iis ino ilonger iseen ias ia iSave iHaven, ibut iits irole ias ian iextension iof imuamalah iactivities i(buying iand iselling) iin ithe icommunity iis iincreasingly ivisible. iThere iis ipanic iand ipsychologically idisturbing ieconomic iand icommunity iactors iin iresponding ito ithis iincident.iCoronavirus ior ireferred ito ias icovid-19 ihas icaused ivarious ikinds iof inegative ieffects, iespecially iin ithe ieconomic ifield. iThe isoaring iunemployment irate, ithe icontraction iin ithe ivalue iof ithe irupiah iand iother icurrencies ihas iresulted iin ian iincreasingly isluggish ieconomic imovement iin irecent itimes iuntil ithe ipanic iof ithe ivalue iof igold icontinues ito irise iin irecent imonths. iThe iqualitative imethod iis iused iby iscientifically idescribing ithe iimpact iof ithe iCovid i19 ivirus icase ion ithe imovement iof icurrency iand igold ivalues. iThe iresults iof ithis istudy iindicate ithat ithe iCovid i19 ivirus ihas ia iquite inegative iimpact ion ithe ieconomic isector, iespecially ion icurrency iand igold ivalue imovements. iThe imovement iin ithe ivalue iof ithe irupiah icontracted ito itouch iRp.14,000 iwhile ithe ivalue iof igold]]>
<![CDATA[Effect of Free Cash Flow, Enterprise Risk Management Disclosure and Sustainability Report on Company Value With Corporate Governance as Moderating Variable ]]>
<![CDATA[Waly, Nur Aeni]]>;
<![CDATA[Sasongko, Noer]]>;
<![CDATA[Achyani, Fatchan]]>
<![CDATA[ SENTRALISASI Vol 10, No 2 (2021): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v10i2.1314
<![CDATA[This study aims to analyze the effect of free cash flow, enterprise risk management disclosure, and sustainability report on the value of companies with good corporate governance as a moderating variable listed on the Jakarta Islamic Index companies during the 2015-2019 periods. The samples used were 57 companies in (JII) period 2015 – 2019. The data analysis method used is multiple regressions with the help of Spss 26 to analyze the moderating effect. The results of this analysis show that free cash flow has no effect on firm value, enterprise risk management disclosure does not affect firm value, sustainability report does not has an effect on firm value, and good corporate governance does not moderate the relationship between free cash flow and firm value, good corporate governance moderates the relationship between enterprise risk management disclosure on firm value, and good corporate governance does not affect firm value. moderation of the relationship between the sustainability report and the value of the company.]]>
<![CDATA[West Sumatra Education is the Leading Sector in Facing the Covid-19 Pandemic ]]>
<![CDATA[Arrazy, Masruqi]]>
<![CDATA[ SENTRALISASI Vol 10, No 2 (2021): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v10i2.1319
<![CDATA[The economy of West Sumatra experienced an economic contraction in 2020 due to the Covid-19 pandemic. However, the education sector experienced better growth compared to national growth. Seeing this, the potential of this sector in West Sumatra needs to be analyzed so that it can be seen whether this sector can be chosen as a priority sector in spurring West Sumatra's economic growth to enter the new normal period. The analysis in this study uses secondary data with the classic Shift Share method. The data in this study are Indonesia's Gross Domestic Product according to Constant Prices and the Gross Regional Domestic Product of West Sumatra according to Constant Prices with the 2019 and 2020 data periods. From the analysis results, it is known that the education sector is growing progressively. This sector in West Sumatra is growing faster than the national one and its competitiveness is better than other sectors in West Sumatra. Another thing according to this research is that the education sector can affect several other sectors during the pandemic. So that this sector is very worthy of being the leading sector in dealing with the new normal situation.]]>
<![CDATA[The Effect of Electronic Word of Mouth on Social Media and The Attraction of Bena Traditional Village Tourism on Tourist Visiting Decisions ]]>
<![CDATA[Jamu, Maria Endang]]>;
<![CDATA[Sari, Santy Permata]]>
<![CDATA[ SENTRALISASI Vol 11, No 1 (2022): Sentralisasi ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Sorong ]]>
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DOI: 10.33506/sl.v11i1.1534
<![CDATA[The purpose of this research is to examine the impact of electronic word of mouth on social media, as well as the impact of tourist attractions in the traditional hamlet of Bena on visitor decision-making. The descriptive and quantitative research methods were applied. The sampling method utilized is purposive sampling, with the informants being visitors who have visited Bena's traditional village. The findings revealed that social media and electronic word of mouth (E-WOM) in tourism destinations influenced tourists' decisions to visit Bena's traditional village. The findings of this study suggest that pleasant experiences of visiting the Bena Traditional Village, which are shared on social media platforms such as Facebook, Instagram, and WhatsApp, have a significant impact on the number of visitors to these attractions by social media users.]]>
