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Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi
Published by Universitas Muhammadiyah Ponorogo
ISSN : 1858165X     EISSN : 25287672     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
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 203 Documents
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Social Media Networking and Knowledge Sharing in Increasing Innovation and MSME’s Growth: Based on the Theory of Communication Visibility Lyna Latifah; Nurdian Susilowati; Muhammad Noor Ardiansah; Tusyanah Tusyanah; Muhammad Syukri Abdullah
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 17 No 2 (2022): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v17i2.2022.pp122-138

Abstract

The purpose of this study is to examine the direct effect of social media networking, knowledge sharing, and innovation on MSME's growth. This study also examines the role of knowledge sharing and innovation in mediating the influence of social media networking on the MSME’s growth. This research is survey research. Respondents are MSMEs from young entrepreneurs assisted by universities. Respondents who participated in this study were 467 people, but only 421 could be used. Data analysis techniques in this study using PLS-SEM. The results show that social media networking, knowledge sharing, and innovation affect MSME's growth. Knowledge sharing and innovation play a part in mediating the influence of social media networking on MSME’s growth. This study examines the role of knowledge sharing and innovation in mediating social media networking on MSME’s growth.
Stakeholders Approach in Halal Tourism Development Strategy: A Case Study in Ponorogo District Muhammad Ridlo Zarkasyi; Dhika Amalia Kurniawan; Fajar Surya Ari Anggara
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 17 No 2 (2022): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v17i2.2022.pp171-181

Abstract

The contribution of Muslim-friendly tourist sector, or halal tourism, towards the growth of economy have been significantly increasing for the past five years. Indonesia occupies the top five of outbound Muslim Travel Countries. This country has natural resources and cultures that are related to Islamic world thus it is ready to turn into halal tourism destination. However, there is still a gap in understanding of halal tourism that some parties deny to carry halal tourism theme in various province nor areas in Indonesia. Hence, there is no good awareness of halal tourism in Indonesian society. Therefore, a strategy to develop halal tourism in Indonesia is enormously needed. This study aims to arrange a strategy in halal tourism development using stakeholder approach. This was a descriptive qualitative study that the data collection technique used primary data through focus group discussion with 30 speakers consisting of stakeholders; government, Department of Tourism and Culture, academicians, media, tourism business sector, and the societies. The results showed that Governments need to have clear concepts, indicators, and rule related to halal tourism. They also needed to build awareness to the relevant stakeholders of halal tourism concept. It was then followed by the tourism business sector that needed to get empowerment in a sustainable program to inform them about halal tourism concept. To academician, they could participate in researches about various strategies to develop halal tourism and collaborate in training, mentoring, and monitoring the implementation of halal tourism by tourism business sector and other stakeholders. The tourists also required to get education related to the importance of halal tourism thus they could promote, give testimonial experience about halal travel, appreciate the halal tourism, and went viral for it. Moreover, the societies needed to be empowered in increasing the tourism potentials around them, as well as given opportunities to collaborate with tourism business sector, and synergize with the other stakeholders. As for the media or press, they needed to be more active in promoting, giving information related to the existence of halal tourism in Ponorogo district since the help of the media brought positive impacts to gain the attentions of not only local travelers but also overseas tourists to visit Ponorogo tourism objects.
Sustainable Business Development Via Applying an Online Business Model for Gaining Benefit in Economics, Education, and Social Network Rochmat Aldy Purnomo; Oksana Malynka; Adi Prananto
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.pp1-10

Abstract

Regional  development  includes  infrastructure  and  information technology.  Infrastructure,  Information  and  Communication Technology  (ICT)  is  worse  in  rural  areas  and  small  towns  in Indonesia. One of such areas is the village of Menowo located in Magelang, Central Java Province, Indonesia. The purpose of this research is to study a contemporary phenomenon of  the Blogger Village within its real-life content. In this research, a case study is described: a young man who was born in the village has started an “online  business  community”.  Now,  people  call  the  Village Menowo “The Blogger Village”. Since 2014, more than 50 people in  the  Blogger  Village  have  got  their  own  revenue  accounts  for hundreds  of  thousands  of  U.S.  dollars  per  month.  The  Blogger Community  has  contributed  to  reducing  unemployment  in  the village.  The  study  has  found  that  the  Blogger  Community  can provide  additional  income  for  Magelang  SMEs.  Magelang  SMEs can use the profit margin of their businesses to update hardware and  software  including  Internet  information  sources  from anywhere.  The  study  provides  new  information  related  to  the regional  development,  local  development,  and  complement economic  empirical  studies  of  a  research  that  has  been  done before.  The  applied  research  is  beneficial  for  the  Government  of Magelang  to  determine  and  develop  policies  of  the  regional economic development of Magelang and to establish appropriate programs  and  activities  for  developing  the  economy  of  the  area. The  research  will  also  help  eliminate  the  overlap  among  the existing  rules  both  at  central  and  local  levels,  as  well  as  among sectors and agencies. 
The Role of Stakeholders in Sustainable Tourism using Mactor Analysis: Evidence from Kragilan's Top Selfie, Magelang, Indonesia Evi Gravitiani; Ika Alicia Sasanti; Rebbeca Cindy Sartika; Malik Cahyadin
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 17 No 2 (2022): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v17i2.2022.pp102-109

Abstract

Sustainable tourism development has to pay attention to social, economic, and environmental factors, which is essential in supporting the Sustainable Development Goals (SDGs). The key actors' involvement in tourism development determines its success. This study aims to analyze the strength and convergence between stakeholders or actors who play a role and are involved in the development of Top-Selfie in Kragilan, Magelang, Indonesia, especially from the strategic issues of Increasing Income, Expanding Employment, Increasing Tourists, Poverty Reduction, and Maintaining Local Wisdom, Infrastructure Development, and Pine Forest Conservation. In-depth interviews were conducted with seven important actors, namely (1) The Youth, Sports, and Tourism Office, and (2) the Mount. Merbabu National Park, (3) the village government, (4) the Tourism Awareness Group, (5) Visitors, (6) Local Communities, and (7) Business Actors. The result is the Youth, Sports, and Tourism Offices, Mount. Merbabu National Park and tourism awareness groups are the main actors in developing sustainable tourism in Kragilan's Top Selfie.
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.
Evaluation of the Success of the Digital Marketing Implementation of the Reyog Ponorogo Equipment with the Wijayanto Information's System Success Model Approach and Millennial Culture as a Moderating Variable Heri Wijayanto; Alip Sugianto; Ekapti Wahjuni Djuwitaningsih
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 17 No 2 (2022): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v17i2.2022.pp149-157

Abstract

This study aims to evaluate the success of the Ponorogo reyog digital marketing system using the Wijayanto Information System success model approach, and the value of millennial culture as a moderating variable. The method used is a quantitative research approach, with a sample of 250 respondents, namely users at start-up reyogku.com and ukmreyog.solution17.com. data analysis using SEM. The results showed that product quality had an effect on use, use had an effect on benefits, and millennial cultural values moderated the quasi, influence of product quality on digital marketing use of Reyog Ponorogo devices. recommendations from the results of this study are the need for digital literacy for reyog Ponorogo craftsmen so that they are able to do marketing through digital marketing, millennial culture in trading products that have historical or cultural values has an important role, so it is necessary to instill cultural values in the millennial generation through digital media.
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.
Optimum Government Size and Economic Growth in Indonesia: ARDL Model Approach Khubbi Abdillah
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.pp37-47

Abstract

This study aims to determine the optimal government spending by analyzing the long-term and short-term relationship between government size and economic growth in Indonesia. The method used in this study is the ARDL model with secondary data from the World Development Indicators in 1966-2021. The results of the analysis show that initially government size has a significant positive effect on economic growth in the short run. But, in the long term, when the government size variable is in the form of a quadratic to determine a non-linear relationship, it shows a negative relationship to economic growth with a safe limit expenditure of 57.9% of national income.  This study is in accordance with the Armey curve hypothesis. The policy recommendation in this study proposes that the government needs to control the amount of the budget so that its expenditure does not exceed the threshold. 
The Contribution of Tourism Sector to Locally Generated Revenue in Indonesia’s Top Priority Tourist Destination Najwa Khairina; Leni Anggraeni
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.pp48-61

Abstract

This research is aimed to analyze the association between tourist expenditure, labor force in accommodation sector and room occupancy rate with locally generated revenue (PAD) in five province of top priority tourist destination in Indonesia (North Sumatera, Central Java, West and East Nusa Tenggara and North Sulawesi). We use data of tourism statistics from Statistics Bureau and Ministry of Creative Economy. By applying random effect panel data analysis, we found that all variables are significantly associated with PAD. Our empirical estimates shows that a one percent increase of labor force in accommodation sector is associated with 0.0075% increase in PAD, one percent increase of room occupancy rate associated with 2.85% increase in PAD while one percent increase of tourist expenditure is associated with 0.257% increase in PAD. The individual effect estimates show higher impact in Central Java and North Sumatera compared to West and East Nusa Tenggara and North Sulawesi and thus further confirming our presumption that there are some disparities between tourism spots in West and Eastern part of Indonesia. 
SMEs Performance and Halal Food Supply Chain Ayuk Setiyawan; Muzakar Isa; M. Farid Wajdi
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.pp62-71

Abstract

The food and beverage business has a strategic role in the economy and food security, where 90% of national food products are provided by SMEs. SMEs also control 99.9% of the industrial market, absorb 97% of the national workforce and contribute 60% to GDP. On the other hand, food and beverage SMEs have the lowest resistance to the COVID-19 pandemic, so efforts need to be made to strengthen organizational resilience to the uncertainty of the business environment. This study aims to describe the food and beverage business supply chain, analyze the level of business efficiency and analyze the key variables of the performance of food and beverage SMEs in Surakarta City after the covid-19 pandemic. This research uses supply chain analysis, efficiency analysis and structural analysis. Supply chain analysis uses descriptive qualitative analysis. Efficiency analysis uses a non-parametric approach whose defeat uses DEAP. Analysis of determining the key variables of SME performance using structural analysis. The study used 20 variables to be processed into key variables for the performance of SMEs. The research involves academia, business, government, and the community (ABGC) in FGDs to obtain a comprehensive study. Data analysis using structural analysis using MICMAC.The results of the study explain that the performance of food and beverage SMEs was influenced by the product supply chain, there are still many food and beverage businesses that have not yet reached the level of efficiency, either in resource allocation or in achieving output. The results also explain 5 key variables out of 20 variables that are used to determine the main variables that have a high influence in supporting business performance, namely achievement-oriented, effective marketing, optimism, market understanding, and risk management. 

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