Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi
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.
Articles
221 Documents
<![CDATA[Quality Improvement Efforts of DGT’s Internal Compliance Unit (Study at Yogyakarta Small Tax Office) ]]>
<![CDATA[Mailina, Anika]]>;
<![CDATA[Una, Bachrudin K.]]>;
<![CDATA[Prabowo, Hendi Yogi]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 1 (2024): March ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i1.2024.pp92-106
<![CDATA[The Internal Control System is implemented in the organization as a prevention of fraud risk. The Directorate General of Taxes (DGT) already has an Internal Compliance Unit (hereinafter referred to as UKI) as the vanguard in internal control efforts. However, there are still cases of fraud and Hand-Arrest Operations at the DGT that have questioned the quality of UKI. This study aims to find the constraints experienced by UKI in carrying out internal control monitoring tasks as well as efforts that can be made to improve the quality of UKI. This research method is qualitative with a case study at the Yogyakarta Small Tax Office (STO). The types of data used are primary data and secondary data. Primary data is obtained directly from observations and interviews with informants in the field, while secondary data comes from documents, regulations, and data previously published to data users. The analysis technique was carried out by grouping data, coding, and then presenting a visualization of the results using NVivo 12 plus software. The results of the study found that the ways to improve the quality of UKI at STO are adhering to the Annual Monitoring Plan (RPT) guidelines, increasing the knowledge and soft skills of UKI staff, increasing the use of technology, segregating UKI duties and responsibilities.]]>
<![CDATA[The Comparison of Circular Economy Analysis in Developed and Developing Countries ]]>
<![CDATA[Indriawati, Ratna Malisa]]>;
<![CDATA[Gravitiani, Evi]]>;
<![CDATA[Samara, Pramana Widya]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 1 (2024): March ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i1.2024.pp1-17
<![CDATA[This study seeks to present a better understanding of knowledge about the circular economy by referring to literature studies in developed and developing countries during the observation period from 2006 to 2022. This study provides an overview of the bibliometric approach: time analysis, journal analysis, co-authorship analysis, keyword analysis, citation analysis, country analysis, and agency analysis. The level of research contribution in developed and developing countries tended to be low until 2016, increasing significantly in recent years. Keyword analysis reveals that Circular Economy has the highest contribution in 2019 for developed countries and in 2020 for developing countries. Then, the citation analysis shows that "Towards a National Circular Economy Indicator System in China: An Evaluation and Critical Analysis" has the highest citation. And China became the number one country for its contribution to circular economy publications globally. This study suggests that developed and developing countries collectively have a deeper understanding of the circular economy concept for sustainable green economic growth globally.]]>
<![CDATA[Factors Driving Sustainability of Food and Beverage Industries ]]>
<![CDATA[Isa, Muzakar]]>;
<![CDATA[Praswatia, Aflit Nuryulia]]>;
<![CDATA[Zulaekah, Siti]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 2 (2024): September ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i2.2024.pp162-171
<![CDATA[This study has two objectives, namely compiling and analyzing vulnerability indexes of business unit, and analyzing key success variables for food and beverage industries after the COVID-19 pandemic. The analysis tool used in this study is business vulnerability analysis. The vulnerability analysis is derived from the vulnerability index to the COVID-19 threat, which is collected from all aspect indicator values of MSMEs' vulnerability to the COVID-19 theeat. These values consist of exposure, sensitivity, and adaptive capacity. The results of the study explain that food and beverage MSMEs are categorized into medium vulnerability to the threat of COVID-19, where sensitivity is the highest influence aspect as a determinant of the vulnerability level. Due in part to the high number of MSMEs that are sensitive to the threat of COVID-19 and lack the ability to adjust, there may have been a fall in sales and bankruptcy of food and beverage MSMEs during the COVID-19 pandemic.]]>
<![CDATA[Environmental Factors in Affecting Student Entrepreneurship Decision ]]>
<![CDATA[Sujianto, Agus Eko]]>;
<![CDATA[Mashudi, Mashudi]]>;
<![CDATA[Khansa, Aliya]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 1 (2024): March ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i1.2024.pp59-72
<![CDATA[The aim of this research is to examine the influence of environmental factors on students' entrepreneurial decisions in Indonesia. Based on theoretical mapping and previous research, the results showed that the environmental factors in question are the internal and external environment. The research design used is quantitative, with the population consisting of alumni of the Master of Sharia Economics UIN SATU Tulungagung. Based on the distribution of questionnaires to 158 alumni, 123 respondents or 78% were obtained and the remaining 22% did not fill out the questionnaire. By analyzing data using regression, the results showed that there was a significant positive internal and external environment on entrepreneurial decisions. Respondents were motivated to become entrepreneurs because it has been their dream since birth, government policies are pro-entrepreneurship, open access to obtain financing, entrepreneurship has become a culture, and promises independence for an entrepreneur.]]>
<![CDATA[Inclusive Labor Market and Participation of Person with Disabilities: Case Study in Indonesia, Denmark, France, and Ireland ]]>
<![CDATA[Suwitanty, Ananda Putri Pratama]]>;
<![CDATA[Setyari, Ni Putu Wiwin]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 1 (2024): March ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i1.2024.pp149-161
<![CDATA[An inclusive labor market for persons with disabilities is one of the priority issues discussed in the G20, especially in the Employment Working Group (EWG) field. Typically, the number of individuals with disabilities participating in the labor market is lower than that of their non-disabled counterparts, mainly due to the company’s reluctance to hire disabled workers. This study aims to investigate the impact of disability on participation in the inclusive labor market. This research uses panel data from four countries - Indonesia, Denmark, France, and Ireland - spanning the years 2016 to 2021, sourced from the International Labor Organization (ILO). The variables used to determine the factors that influence the participation of individuals with disabilities in the labor market are their educational level, the number of disabled individuals in rural areas and their average income. By using the Fixed Effect Model, it is known that people with disabilities who have received education and the number of people with disabilities living in urban areas have a positive and significant effect on the participation of people with disabilities in the labor market. Meanwhile, the average income of people with disabilities has a negative and insignificant effect on the participation of people with disabilities in the labor market. Efforts to increase the participation of people with disabilities in the labor market are important as welfare reform, indicators of the success of inclusive development and poverty alleviation among groups of people with disabilities.]]>
<![CDATA[Gender Diversity on Commissioner Board and Decision Making: Evidence Using Capital Raised Through IPOs ]]>
<![CDATA[Soesetio, Yuli]]>;
<![CDATA[Rudiningtyas, Dyah Arini]]>;
<![CDATA[Winarta, Winarta]]>;
<![CDATA[Dhevi, Cattetiana]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 1 (2024): March ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i1.2024.pp122-135
<![CDATA[This study aims to analyze the influence of the presence of women in the board of commissioners’ structure on the funds allocating decisions to finance various company investment opportunities sourced from corporate actions, such as an initial public offering (IPO). Service companies, especially the financial sector became a vast field for a woman, therefore, the financial sector that has conducted IPOs on the Indonesia Stock Exchange (IDX) for the past 21 years was selected as a research sample. The analytical tool used is multiple linear regression with OLS method which examines cross-sectionally the effect of the presence of women in 53 companies. This result shows that the presence of women on the board of commissioners affects the decision-making process on the amount of funding allocation for the company's investment opportunities. Their existence minimizes the allocation of IPO funds to finance various company investment opportunities in the future. Thus, gender studies in IPO corporate actions, especially in developing countries, are still very rarely studied. Women are known to have a short-term problem-solving perspective and are less confident than men, but they are more careful when making decisions. Despite the dominating nature of prudence, women can reduce the potential for financial distress due to risky investment decisions by choosing the decision to hoard funds in the form of cash to strengthen working capital.]]>
<![CDATA[The Role of Performance Political Stability and Macroeconomic Attracting Foreign Direct Investment in ASEAN ]]>
<![CDATA[Maulidiyah, Ivada Nafiah]]>;
<![CDATA[Fuddin, Muhammad Khoirul]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 1 (2024): March ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i1.2024.pp107-121
<![CDATA[Foreign direct investment (FDI) plays a crucial role in developing nations to raise the standard of living for their citizens and strengthen their economies. This research aims to investigate the effects of macroeconomic factors like GDP, inflation, and female employment in the industry on flows of foreign direct investment as well as factor political stability with a research focus on 5 ASEAN countries (Indonesia, Malaysia, Vietnam, Laos, Cambodia) with research 20 years. The research method used panel data regression with secondary data from the World Bank. The Fixed Effect Model is found to be the best model selection. The results showed that political stability variables as well as all macroeconomic fundamental variables as measured by GDP, Inflation, and Employment Females in Industry partially had a significant and positive effect on the inflow of Foreign direct investment in 5 ASEAN countries and simultaneously had a significant positive effect.]]>
<![CDATA[Analyses of Relationship between Economic Growth and Zakat Distribution: Some Comparative Studies between Indonesia and Malaysia ]]>
<![CDATA[Wiranatakusuma, Dimas Bagus]]>;
<![CDATA[Habibullah, Habibullah]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 1 (2024): March ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i1.2024.pp18-41
<![CDATA[Zakat serves as an economic instrument within the framework of Islam and can serve as a substantial source of revenue for the state, contributing to the funding of various expenditures. In contrast to alternative revenue streams, zakat possesses explicit and comprehensive guidelines on its acquisition and allocation. The state bears the task of maximizing the efficiency of zakat institutions to effectively mobilize and allocate zakat monies as a catalyst for economic development. Indonesia utilizes a bottom-up approach for the collection of zakat, whereas Malaysia follows a top-down approach. Therefore, the present investigation focuses aims to examine the impact of zakat distribution on economic development in two selected nations. The examination focused on many variables, including GDP, Gini index, inflation, and zakat distribution. The period for the analysis spanned from 2001 to 2019, and the ARDL approach is being used for the purpose of doing data analysis. The findings suggest that the distribution of zakat did not exert a statistically significant impact on economic development, either in the short-term or long-term, within the contexts of both nations. Therefore, there is a need to promote the professional and efficient management of zakat to enhance its collection and facilitate its effective distribution.]]>
<![CDATA[Halal Awareness, Brand Image, and Viral Marketing: Three Key Factors Influencing Purchasing Decisions for Halal Skin Care and Cosmetics Products in Pontianak ]]>
<![CDATA[Hudzaifah, Yasir]]>;
<![CDATA[Sari, Wulan Purnama]]>;
<![CDATA[Andriyani, Risa]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 1 (2024): March ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i1.2024.pp42-58
<![CDATA[This research aims to determine the influence of halal awareness, brand image, and viral marketing on the purchasing decisions of halal skincare and cosmetic products (a study on Generation Z in  the environment of Muhammadiyah University Pontianak). The research is conducted within the Muhammadiyah University Pontianak environment. The population of this study includes all students of Muhammadiyah University Pontianak born between the years 1995-2010. The sample for this research consists of 200 students from Muhammadiyah University Pontianak. The data collection technique used is a questionnaire employing a Likert scale. The data analysis technique in this research uses Structural Equation Modeling (SEM) PLS with the SmartPLS Version 3.2.9 program. The results of this research show that halal awareness and brand image do not have a significant influence on purchasing decisions, whereas viral marketing has a positive and significant impact on purchasing decisions for halal skincare and cosmetic products among Generation Z in the Muhammadiyah University Pontianak environment. This study contributes theoretically by exploring the influence of halal product awareness, brand image, and viral marketing variables on purchasing decisions among Generation Z in a university setting. The findings enhance insights into academic literature related to halal skincare and cosmetics, even though halal product awareness and brand image are not significant. Practically, these findings provide guidance for industry practitioners to enhance marketing strategies, especially in the context of viral marketing that has proven to have a positive impact on purchasing decisions. The novelty of the research lies in its focus on Generation Z and the use of the Structural Equation Modeling (SEM) PLS analysis method, contributing to theoretical, practical, and methodological understanding in the context of marketing halal skincare and cosmetic products among Generation Z in a university environment.]]>
<![CDATA[Banking Profitability Analysis: Company Cases on the Stock Exchange Indonesian Securities (BEI) ]]>
<![CDATA[Runtunuwu, Prince Charles Heston]]>;
<![CDATA[Hussin, Hanafi]]>
<![CDATA[ EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 1 (2024): March ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Ponorogo ]]>
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DOI: 10.24269/ekuilibrium.v19i1.2024.pp73-91
<![CDATA[This study aims to investigate the impact of Loans to Deposit Ratio (LDR) on Return On Assets (ROA) in the context of banking institutions. LDR is used as an indicator of a bank's ability to meet obligations and credit demands, while ROA reflects the level of bank profitability. The signal theory is also adopted to explain the asymmetry of information between company management and other stakeholders. The data used in this study was obtained from banking institutions with sample consists of 25 banking companies listed on BEI during the 2016-2019 period. The results indicate that LDR has a significant impact on ROA. Higher LDR values indicate a larger amount of third-party funds channeled into credit, which in turn increases profitability through higher interest income. These findings are consistent with previous research indicating a positive relationship between LDR and ROA. The results of this study contribute to the understanding of factors influencing the financial performance of banking institutions. Banking practitioners and investors can use these findings as a basis for making better decisions in managing risks and enhancing profitability.]]>
