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Rochmat Aldy Purnomo
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ekuilibrium@umpo.ac.id
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INDONESIA
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi
ISSN : 1858165X     EISSN : 25287672     DOI : -
Core Subject : Economy,
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi is a journal published by the Economic Faculty, Universitas Muhammadiyah Ponorogo (Unmuh Ponorogo) in collaboration with Universitas Muhammadiyah Ponorogo Research and Community Service. Published twice a year (March and September), contains six to ten articles and receive articles in the field of economic and business review studies with research methodologies that meet the standards set for publication. Manuscript articles can come from researchers, academics, practitioners, and other economic observers who are interested in research in the field of economics.
Arjuna Subject : -
Articles 221 Documents
Personal Role in the Mediation of Entrepreneurship Education on Interest in Entrepreneurship Rismawati Rismawati; Nurhaedah Nurhaedah; Syed Norris
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 1 (2023): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i1.2023.pp11-21

Abstract

This study has a purpose to analyze (1) To find out and explain the influence  of  Entrepreneurship  Education  on  Personal Management Students S1 at Stiesia Surabaya, (2) To find out and explain the Personal Influence on Interest in Entrepreneurship, (3) To  find  out  and  explain  the  influence  of  Entrepreneurship Education  on  Entrepreneurial  Interests  of  Management  S1 Students  at  Stiesia  Surabaya,  (4)  To  find  out  and  explain  the influence  of  Personal  roles  in  mediating  Entrepreneurship Education  on  Entrepreneurial  Interests  of  Undergraduate Management Students at Stiesia Surabaya. This research belongs to  the  type  of  research  in  the  category  of  explanatory  research, which  is  to  explain  a  relationship  between  variables  through hypothesis testing. The research sample amounted to 125 people. The  sample  in  this  study  using  the  census  method.  In  order  to analyze  the  data  the  author  uses  the  statistical  technique  Partial Least Square (PLS). The results of the research from the results of data  analysis  using  the  statistical  partial  least  square  (PLS) technique  which  can  be  seen  from  the  results  of  data  analysis which states that Entrepreneurship Education has a positive and significant influence on Personal, Personal can have a positive and significant  influence  on  Entrepreneurial  Interest.  positive  and significant  influence  on  Entrepreneurial  Interest  and Entrepreneurship  Education  indirectly  (through  the  Personality variable) significantly influence the Entrepreneurial Interest of S1 Management Students at Stiesia Surabaya.
Reviewing the Role of Investment in the West Kalimantan Border Dian Anggraeny Rahim
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 1 (2023): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i1.2023.pp83-93

Abstract

The development of border areas that is rampantly carried out by the government, in addition to reducing regional disparities, also improves regional economic performance as one of the efforts made by the government is through PMA (foreign direct investment) and PMDN (domestic investment). Furthermore, the role of this investment is evaluated to see the extent of its success in the area's economic performance. The study had two objectives; first, to know what variables affect the reduction of the poverty rate and increase in GDP per capita in the border area of West Kalimantan covering five districts, namely Sambas, Bengkayang, Sanggau, Sintang, and Kapuas Hulu. The independent variables used in this study are the realization of PMA and PMDN investment, the number of industries, and the absorption of labor in the industrial sector. Using secondary data for 2019-2021 and Panel Data Regression analysis, it can be seen that only employment in the industrial sector influences increasing GDP per capita and decreasing poverty rates. Meanwhile, the realization of PMA and PMDN investment, as well as the number of industries, did not significantly influence. The second objective of this study is to determine which investment is better based on the Forecasting Method. The Naive Method shows that PMDN investments have a smaller MSE value and a lower MAPE value than PMA investments. It means that PMDN investment is more feasible to be used as an option for future funding development in border areas.
The Role of Dividend Policy in Explaining Corporate Governance and Profitability on Firm Value Yenny Dwi Handayani; Ewing Yuvisa Ibrani
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 1 (2023): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i1.2023.pp22-36

Abstract

This study aims to determine the effect of corporate governance and profitability on dividend policy based on substitution theory and/or outcome theory in the banking sector in Indonesia. Theoretically, this study contributes which theory is more dominant between substitution theory and outcome theory by linking the influence of corporate governance with dividend policy and providing information about the impact of the application of the theory on firm value and build awareness to be careful of investors. Investors in making investment decisions, especially in the banking industry in Indonesia. In addition, this study also examines the role of dividend policy in explaining the relationship between corporate governance and profitability on the value of banking firms. A sample of 135 observational data comes from 27 banking companies during 2016-2020. This research found that corporate governance has a negative and significant influence on dividend policy. In addition, the CG index is one of the factors that can explain the company's market value. Profitability is empirically proven to influence dividend policy. Dividend policy is proven to play a role in mediating the relationship between profitability and firm value. However, it is empirically proven that dividend policy cannot mediate the relationship between corporate governance and firm value.
Determinants of the Successful Digital Campaigns on Zakat: an Analysis Based on Islamic Marketing Perspective Juliana Nasution
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 1 (2023): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i1.2023.pp94-109

Abstract

Zakat campaigns have taken place from time to time in various phases of muslim history. The zakat campaign has been said to be effective, but evidence in Indonesia shows that the zakat literacy of muslim communities is not yet high, they also tend to choose to distribute zakat directly, and there is a wide gap between the potential and reality of zakat collection. This study aims to examine the determinants that influence the success of a digital zakat campaign, consisting of content or messages in the zakat campaign, amil or zakat campaigners, campaign target digital literacy, social media as a campaign platform, and campaign methods. This research is a quantitative research, with respondents consisting of 100 muzakki (zakat donator) at LAZ Dompet Dhuafa Waspada North Sumatra, Indonesia. Data analysis techniques using descriptive statistics and SEM-PLS using SmartPLS 4.0 software. The results of the study show that content and social media have an effect but not significant on the success of the zakat digital campaign. Meanwhile, the amil factor and campaign method have a significant effect on the success of the zakat digital campaign. Meanwhile, digital literacy has a negative and insignificant effect on digital zakat campaigns. The results of this study indicate the importance of amil positioning in the success of the zakat campaign. This study proposes that zakat institutions cadre their own amil celebrities.
Analysis of Government Funding Performance on Economic Growth and Human Development Index in Indonesia Prince Charles Heston Runtunuwu; Norsaidatul Akmar Mazelan; Jay Rajasekera
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp136-148

Abstract

Economic growth shows the extent to which economic activity will generate additional public income in a certain period, that is, an economy is said to experience growth if the real income of the community in a certain year is greater than the real income of the community in the previous year. Economic growth is the most important factor in development that determines the success of the development of a region/region which is measured based on the high or low levels of economic growth achieved. This study aims to analyze the effect of General Allocation Funds (DAU), Special Allocation Funds (DAK) and Revenue Sharing Funds (DBH) on Economic Growth and Human Development Index (IPM). The object of research was carried out in South Halmahera Regency in 2012-2021 using the multiple linear regression analysis testing method. The results show that the influence of the General Allocation Fund, the Special Allocation Fund and the Profit Sharing Fund simultaneously influence Economic Growth with the Human Development Index in South Halmahera Regency. While the results of partial testing, the influence of General Allocation Funds, Special Allocation Funds and Profit Sharing Funds also affect Economic Growth with the Human Development Index in South Halmahera Regency. This indicates that the greater the regional potential revenue, it will be able to increase the achievement of Economic Growth and the Human Development Index.
The Influence of Sleman City Hall on Housing Price: A Case Study using OLX Data Muhammad Naurul Muna; Romi Bhakti Hartarto; Ibnu Hajar
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp149-155

Abstract

The Special Region of Yogyakarta (DIY) is one of the provinces in Indonesia with rapid development. This is indicated by the increasing number of shopping centers and the development of tourism and educational activities. Sleman Regency is a business center in DIY Province because it has the largest number of shopping centers in DIY Province compared to other districts. This study aims to determine whether the house adjacent to Sleman City Hall, the largest shopping center in Sleman Regency, has a higher selling price. While similar studies use primary data collected in the field through questionnaires, this study contributes to the property economics literature by utilizing secondary data from the OLX dataset to estimate the selling price of the house. A total of 229 data obtained through the OLX website related to selling prices, proximity to Sleman City Hall, and property characteristics were processed using multiple regression analysis with the ordinary least squares (OLS) technique. The finding of this study is that the distance from Sleman City Hall has a negative and significant effect on the selling price of the house. Another finding from this study is that the building area and land area have a positive and significant effect on the selling price of the house. On the other hand, the distance to the asphalt road has nothing to do with the selling price of the house.
Ability Locus of Control in Mediating Islamic Attitude and Knowledge on Financial Behavior Solihatun Nisak; Rahmat Agus Santoso
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp120-135

Abstract

The primary objective of this study was conducted (1) to test the influence of financial knowledge and locus of control on financial behavior, (2) to find the impact of Islamic financial attitudes toward financial conduct and Locus of Control, (3) to investigate influence the role of locus of control as a mediator between financial knowledge and Islamic finance attitudes in relation to financial behavior. Although the model concept used in this study has been explored previously, the specific indicators for the Islamic financial attitude variable have not been studied before.This research follows an explanatory approach, which involves testing hypotheses to understand the relationships between variables. The study included a sample of 130 Muslim farmers from Tuban Regency, selected through cluster sampling. Data analysis was conducted using SmartPLS3 software, employing Path Analysis as the analytical technique.Based on the data analysis and inquiry results, the study found that Islamic financial attitudes had a positive impact on individuals' financial locus of control and financial behavior. However, financial knowledge did not significantly affect financial locus of control and behavior.Furthermore, the locus of control was identified as a mediator between Islamic financial attitudes and individuals' financial behavior, indicating that it played a role in influencing financial behavior based on their attitudes towards Islamic finance. However, the locus of control was not capable of mediating the impact of financial knowledge on financial behavior.
Research Trends in Talent Management and Career Development: Why is Promotion Important? (Bibliometric Analysis) Putra Satriya Yudha; Rr. Sri Handari Wahyuningsih; Retno Widowati
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp190-202

Abstract

This study looks for connections between global career development and trends in talent management research.  In the context of TM, career development plays an important role. This is because individual careers have significant potential to serve organizational strategic goals. After all, investment in organizational career development is beneficial not only for individuals, but also for organizational performance. For this research, the author processes Scopus index journal data using VOSviewer. This study used VOSviewer to analyze the data and map the most general and well-liked focal topics. 192 research papers in RIS format were used in this study. The Scopus database shows a fluctuation in the amount of research done on talent management and career development over the last few years and a decline in that interest.  The VOSviewer analysis map classifies the most prominent nodes so that the most significant influence is the "talent" node so that it can be. The limitation of this study is that the data source was only compiled from prior studies; thus, more analysis would be beneficial to improve the data source and the reliability of the findings.
Sustainable Business Model in Small and Medium-Sized Enterprises: A Study in Yogyakarta and Magelang Octavia Lhaksmi Pramudyastuti; Chaidir Iswanaji; Supanji Setyawan; Atika Atika; Alex Johanes Simamora
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp213-226

Abstract

This study aims to analyze Yogyakarta and Magelang Small and Medium-Sized Enterprises (hereafter) SMEs based on sustainable business model implementation. This study gives new evidence of Yogyakarta and Magelang SMEs’ businesses based on sustainable business model where Indonesian SMEs’ experience the economic crash of Covid-19. This study uses a qualitative descriptive method. Specifically, uses method of qualitative evaluative where this study evaluates SMEs business process by using sustainable business model. Research sample includes 40 SMEs in Yogyakarta and Magelang. Evaluation of SMEs’ business is based on elements of sustainable business model including key partner, key activity, key resources, value proposition, customer relationship, channels, customer segment, cost structure, revenue stream, cash flow management, pivoting plan, and ecological concern. This study uses a “yes and no” questionaries with 13 questions that refers to the elements of sustainable business. Based on the result, this study finds that most SMEs in Yogyakarta and Magelang, implement the elements of a key partner, key activity, key resources, value proposition, customer relationship, channels, cost structure, pivoting plan, and ecological concern. On the other hand, most SMEs do not implement elements of customer segment, revenue stream, and cash flow management.  Socialization and special training is needed from various parties related to the implementation of sustainable business models for SMEs.
The Influence of Total Quality Management (TQM) and Organizational Culture on Employee Job Satisfaction that Impacts Employee Performance (Case Study on Cooperatives in South Tangerang City) Hamsinah Hamsinah; Denok Sunarsi; Umi Narimawati; Afzal Sayed Munna; Avinash Pawar
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp156-168

Abstract

This study aims to determine the effect of total quality management and organizational culture on employee job satisfaction with employee performance as an intervening variable. This research uses quantitative research, which is based on data that can be calculated to produce a strong quantitative interpretation. The data analysis technique used is PLS version 3.0 (Partial Least Square) software which is a variant-based structural equation analysis (Structural Equation Model) and can perform measurement model testing as well as structural model testing. The population and sample in this study were cooperatives in the South Tangerang area. The technique used in this study was the Simple Random Sampling Technique. And the sample used in this study were 191 employees in the South Tangerang Cooperative. With the results of the study that total quality management has a significant effect on employee job satisfaction because the t-statistic value is 19,056 1,652 while the latent variable on organizational culture has an effect on the contribution to the latent variable on employee job satisfaction with a statistical value of 14,351 1,652. While the latent variable total quality management has no significant effect on employee performance because the value is 1.281 1.652. And the organizational culture variable has an effect on employee performance with a t-statistic value of 4.214 1.652. And for the variable employee job satisfaction has an effect on employee performance with a value of 5.115 1.652.