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Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi

ekuilibrium
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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 236 Documents

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Institutional Ownership, Blockholder Ownership, and the Board’s Tenure to Disclosure of Corporate Governance Totok Dewayanto; Rahmawati Rahmawati; Djoko Suhardjanto
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 15, No 1 (2020): March
Publisher : Universitas Muhammadiyah Ponorogo

This research was conducted to determine the effect of institutional ownership, blockholder ownership and the Board’s tenure on disclosure of corporate governance in Indonesia. The population is all publicly listed companies listed on the Indonesia Stock Exchange and samples were taken using purposive sampling techniques to produce a total of 152 companies in the period 2016-2017. Using the multiple linear regression test, the results show that institutional ownership and blockholder ownership have a positive effect on corporate governance disclosure, while there is no effect of the Board’s tenure on corporate governance.

Econometrics Model of Economic Growth in East Java Province with Dynamic Panel Data through Generalized Method of Moment (GMM) Approach Joko Hadi Susilo; Luthfi Ibnu Tsani; Herianto Herianto; M Kholilurrohman
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 15, No 1 (2020): March
Publisher : Universitas Muhammadiyah Ponorogo

Increasing the rate of economic growth is one of the biggest goals for an area, because it affects macroeconomic conditions in the aggregate especially the level of public welfare. Law Number 32 of 2004 becomes empirical evidence that there is a transfer of responsibility from the central government to regional governments in carrying out economic development. This research is conducted to determine the condition of economic growth in East Java Province with a population of 29 districts and 9 cities in the 2014-2018 observation period, the number of samples was 190 samples. The data analysis technique is carried out through the econometrics model with two stages, namely conducting a simultaneous regression analysis of the ordinary least square method, then for the second stage, an Arellano-Bond Generalized Method of Moment (GMM) analysis is carried out on the grounds that many economic variables are dynamic, This means that the value of a variable can be influenced by the value of other variables and is influenced by the value of the variable concerned in the past or previous period,in addition to knowing the short-term and long-term effects of economic growth. The findings of the study reveal that simultaneous economic growth in East Java Province is influenced by agglomeration, fiscal decentralization, poverty rates and human development index. Based on the results of the generalized method of moment arellano-bond analysis, the researchers find that fiscal decentralization have a partial effect on economic growth in the province of East Java with the impact of the elasticity of short-term and long-term economic growth values. In addition, researchers find that economic growth in East Java Province is influenced by the value of the variable itself (economic growth) in the previous period.

Characteristics and Problematics of SMEs in Ponorogo Dwiati Marsiwi; Asis Riat Winanto; Purwanto Purwanto
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 15, No 1 (2020): March
Publisher : Universitas Muhammadiyah Ponorogo

Small and Medium Sized Enterprises (SMEs) currently have good developments, especially in the food and beverage sector. Even though the area of business is small, it does not need to be underestimated that this business also needs funds/finance. Financial management and reporting for small and medium sized enterprises are often considered difficult. On the other hand, the Indonesian Accountants Association has applied Accounting Standards which are easier to implement in small business actors, namely the Financial Accounting Standards for Small and Medium Sized Enterprises (FAS-SMEs), effective in 2018. This research aims to explore further information about the existence and evaluation of financial management by SMEs. This study also aims to develop a design (model) of financial management procedures that are easily implemented by SMEs and is in accordance with FAS- SMEs. This research is qualitative research with an in-depth interview method. The informants chosen were food and beverage SMEs in Ponorogo Regency. Based on data obtained from 5 informants, then an analysis is carried out with rational interpretation. This study also obtained information from the Ponorogo Perdagkum related to how the role of the government plays in the management of SMEs.Food and beverage business people choose this business field because it is considered to have great potential for profit because food and beverages are their basic needs. i. Financial management at food and beverage SMEs is still very simple, in the form of simple records, not yet differentiating personal assets from the business, so that it is difficult to determine profits. This has the effect of not being able to compile the financial statements of food and beverage SMEs in the Ponorogo Regency according to FAS SMEs.

Institutional Analysis of Shadow Economy (Study on ASEAN 7 Developing Countries) Wibowo, Ana Rahmawati; Indrayanti, Wiwin
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 15, No 1 (2020): March
Publisher : Universitas Muhammadiyah Ponorogo

This study aims to analyze the institutional variables of governance in ASEAN 7 developing countries. The independent variables consist of Voice and Accountability, Political Stability and Absence of Violence, Government Effectiveness, Regulatory Quality, Rule of Law and Control of Corruption, while shadow economy is dependent variable. The data used in this study are quantitative data and secondary data by using program Stata 14, the analysis technique used is multiple linear regression panel data. The results show that Voice and accountability has a negative and significant effect on the shadow economy as well as Political stability, Government effectiveness and Control of corruption on the other side. Regulatory quality has a positive and significant effect on the amount of shadow economy. Meanwhile, Rule of law no significant effect on the shadow economy. Underlying the results, the study arranges some policy to reduce negative effect of shadow economy.

Finding the Characteristics of Creative People in Developing Villages for the Foundation of Creative Industry Herlina Herlina; Budi Teguh Harianto
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 16, No 1 (2021): March
Publisher : Universitas Muhammadiyah Ponorogo

Every element of the community in the village should participate to optimize the potency that the village has. The village in Kuala Betara sub-district have marine resources, agriculture and plantation. Even with all of that benefit, if there is no support from creative human resources, it must be difficult for the village to create creative industry. Small and medium industry entrepreneurs have been utilizing the natural wealth of the village as the raw material of their production but they face obstacles in managing it due to their limited skills that are acquired self-taught and passed on from generation to generation, limited capital, unsophisticated production and packaging tools, limited market access due to limited production and the market is conventional only, including being not optimal in involving youth who are better in information technology. Meanwhile, the information about creative products can be easily obtained through internet. In addition, the youth also have not optimized the usage of internet as the media to collect creative ideas that will be useful in developing products of small and medium industry in the village. Besides, this industry can be a platform for youth to increase the quality through creativity. The method used in this research is survey with descriptive analysis. The result shows that the creativity of small and medium industry entrepreneurs and youth is in average level. Started from the main characteristics of creative people, possible characteristic of creative people, and side characteristic of creative people. . Even so, it is found that there are three entrepreneurs of small and medium industry and 42 youth who are belong to high level of creative people. These kind of people are the main and valuable assets to collaborate and becoming the foundation of creative industry in village.

Stakeholders Management Strategy Model as an Effort to Develop Partnerships Ima Rahmawati Sushanti; Eko Budi Santoso
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 15, No 2 (2020): September
Publisher : Universitas Muhammadiyah Ponorogo

To achieve a sustainable urban economic life, optimal support from the economic potential in urban areas is needed, especially the presence and support of stakeholders. The Industry, Cooperatives, Small and Medium Enterprises Office of Mataram City in West Nusa Tenggara Province, Indonesia is the main actor of the most dominant influential government agencies in the pearl gold and silver industrial cluster network which is one of the household-based business settlement areas that are still not optimal in its achievements, as a selected case study. This study was conducted to determine the achievement of agencies in the development of the pearl gold and silver industry cluster and determine the appropriate stakeholder management strategy model based on their interests and influence. The method used is descriptive qualitative and case studies using analysis of the level of influence and interest. The results of study show that the Industry, Cooperatives, Small and Medium Enterprises Office needs to intensively collaborate with the most influential and high-interest stakeholders to develop the industry cluster, namely stakeholders who are key stakeholders and context setters, namely Trading Office of Mataram City, Trading and Industry Office of West Nusa Tenggara Province, Tourism Office of Mataram City, Development Planning Agency at Sub-National Level of Mataram City, Ministry of Industry and Trading, National Development Planning Agency, the private sector, and financial institutions. Stakeholder management strategy model uses the Penta helix partnership model, which involves (1) the community, (2) the government, (3) private and financial institutions, (4) academics and associations also (5) media.

Poverty Reduction through Local Financial Performance: Case Study in East Nusa Tenggara Province, Indonesia Endang Mahpudin
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 15, No 2 (2020): September
Publisher : Universitas Muhammadiyah Ponorogo

The high level of poverty in East Nusa Tenggara Province, Indonesia, requires effort to be alleviated. For instance, there is a need to enhance the financial management performance of the locals. Therefore this study analyzes the contribution of local financial performance to the poverty rate. It uses panel data regression analysis involving 22 regencies and municipalities from 2015 to 2018. The results of the study showed that the local financial independency ratio in various regencies and municipalities has fewer contributions to the poverty rate. Local governments need to increase regional fiscal capacity integrated with efforts to improve regional macroeconomic performance. Moreover, they should increase alignments toward poverty alleviation programs as well as the capacity of regional apparatus.

Foreign Direct Investment Spillovers and Economic Growth: Evidence from Asian Emerging Countries Lodi Bagus Rismawan; Tri Haryanto; Rossanto Dwi Handoyo
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 16, No 1 (2021): March
Publisher : Universitas Muhammadiyah Ponorogo

Research on FDI in promoting economic growth has been the focus of recent decades, especially in developing countries. Foreign direct investment can be one of the main objectives in increasing economic growth. FDI is assumed to indirectly contribute to economic growth through a spillover effect on the absorption capacity of a country by increasing the stock of human capital and the quality of institutions. This study aims to analyze the spillover effect of FDI on economic growth in Asian emerging markets. The data were analyzed using dynamic panel regression (GMM) during 2008-2017 period with STATA 14 software.The results in this study strongly indicate that the spillovers of FDI is proven to be able to drive economic growth through human capital and institutions in Asian emerging markets.

Measurement of Return on Asset (ROA) based on Comprehensive Income and its Ability to Predict Investment Returns: an Empirical Evidence on Go Public Companies in Indonesia before and during the Covid-19 Pandemic Marhaendra Kusuma
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 16, No 1 (2021): March
Publisher : Universitas Muhammadiyah Ponorogo

Purpose - The concept of recognizing all inclusive income, which is used by IFRS and Indonesian SAK, is the basis for presenting other comprehensive income in the income statement. This change in format became the idea of developing a financial performance measurement.Methodology - Testing the effect of attributable comprehensive income ROA and attributable ROA net income on future cash flows and net income, as a proxy for the ability to provide future returns, and applying them in measuring performance before and during the Covid-19 pandemic.Findings - ROA net income is better able to predict future investment returns. ROA comprehensive income has more relevance value, when only other items of comprehensive income that have the potential to be realized are included. In assessing performance, users are advised to keep using the ROA of the net income version, and when using the ROA of the comprehensive income version, it is advisable to include only OCI which will be reclassified. The financial performance of companies in many industrial sectors experienced a decline during the Covid 19 pandemic using two ROA measures.Novelty - Development of ROA formulation by including other comprehensive income and profit attribution, so far ROA is only based on net income.

The Effect of Control Corruption, Political Stability, Macroeconomic Variables on Asian Economic Growth Khubbi Abdillah; Rossanto Dwi Handoyo; Wasiaturrahma Wasiaturrahma
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 15, No 2 (2020): September
Publisher : Universitas Muhammadiyah Ponorogo

This study aims to analyze the correlation between control corruption and political stability, macro variables on economic growth in Asia. Study population consist of 47 countries, employing secondary data from Worldwide Governance Indicators, World Development Indicators, and United Nations Development Programme. The data were analyzed using dynamic panel regression (GMM) during 2002-2018 period with Stata 14 software. The result of the analysis shows control corruption and political stability positively affect economic growth. Macroeconomic variables consist of foreign direct investment and human capital positively affects economic growth. While government size has no significant effect on economic growth. The findings of this study confirms that economic growth can be increased through reducing levels of corruption, strong political stability, increase capital inflow, optimally government consumption especially increasing portion of the education budget and creating jobs widely.

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Home Page

OAI Link

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Contact Name
Rochmat Aldy Purnomo

Contact Email
purnomo@umpo.ac.id

Phone
-

Journal Mail Official
ekuilibrium@umpo.ac.id

Editorial Address
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Location
Kab. ponorogo,

Jawa timur

INDONESIA