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INDONESIA
Jurnal Ekonomi
Published by SEAN INSTITUTE
ISSN : 23016280     EISSN : 27219879     DOI : https://doi.org/10.54209
Core Subject : Economy,
Economics, Econometrics & Finance
Jurnal Ekonomi [p. ISSN 2301-6280, e. ISSN 2721-9879] is a peer-reviewed journal published Half times a year (June, and December) by SEAN Institute. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts in the various topics include, but not limited to, functional areas of Accountancy, Business management, Capital market, Economic History, Applied Economics, Business and Finance, Environmental Economics and Ecology, Islamic economics, Health Economics, Fiscal Economy Monetary Economics, Political Economy, Economic management, Operational management, Human Resource Management, Financial management, Marketing Management
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 2,401 Documents
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IMPLICATIONS OF BUDGET REFOCUSING POLICIES IN INDONESIA'S PANDEMIC COVID-19 Kumba Digdowiseiso; Zaenal Arifin; Dwi Budi Sulistiyana; Ahmad Nabil Bintang
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

Through the implementation of a budget refocusing policy, budget absorption in the administration of state finances during the COVID-19 epidemic in Indonesia has led to dynamic issues with the public finance system. Using a normative methodology and the aid of government policy tools, this study intends to explain and analyze the execution and effects of budget refocusing policies during the COVID-19 epidemic in Indonesia. Using secondary data from books, journals, articles, internet searches, and papers released by the Ministries of Finance, Home Affairs, and Statistics, the research method employs a qualitative descriptive literature analysis. This study may show that fiscal decentralization was used as a strategic policy to guide the implementation of budget refocusing measures during the COVID-19 pandemic in Indonesia that attempted to hasten the pandemic's handling. It has implications for fostering economic growth from efforts to slow the growth rate of government consumption spending, personnel spending, and the existence of a social safety net program that affects the realization of spending on goods and services both in collective and individual consumption expenditures as a result of the budget refocusing policy related to the state revenue and expenditure budget as well as the regional revenue and expenditure budget.
ANALYSIS OF THE EFFICIENCY AND EFFECTIVENESS OF REGIONAL FINANCIAL MANAGEMENT IN THE CITY OF BIMA Gilang Sakti Pradana; Puja Purnama; Kumba Digdowiseiso
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

This study aims to analyze the level of effectiveness and efficiency of regional finance in the City of Bima. The data used is secondary data, namely the Bima City APBD data for the 2016-2020 budget period. This study aims to calculate the level of effectiveness and efficiency of the regional finances of the City of Bima whether regional revenues and expenditures at the Regional Revenue Service of the City of Bima have been carried out efficiently and effectively. The analysis technique used is to calculate the Regional Financial Efficiency Ratio and Effectiveness Ratio. The results obtained show that overall, the average regional financial effectiveness ratio for the City of Bima for the 2016-2020 period has reached an effective level. It can be concluded that the Bima City government has succeeded in realizing Regional Original Income (PAD) from the estimated target so that the potential of existing PAD can be maximized by the local government to support the development of Bima City. Meanwhile, overall, the average regional financial efficiency ratio for the City of Bima during the 2016-2020 fiscal year was stated to be less efficient because regional expenditures were still high when compared to total regional revenues
IMPLEMENTATION OF THE ACTIVITY REFOCUSING POLICY AND REALLOCATION OF THE REGIONAL GOVERNMENT BUDGET FOR THE SPECIAL CAPITAL CITY OF JAKARTA DURING THE COVID-19 PANDEMIC Muhammad Sabana; Nur Ikawati; Kumba Digdowiseiso
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

The DKI Jakarta Provincial Government during the Covid-19 pandemic tried to overcome economic problems by taking a policy of refocusing activities and reallocating the budget. The DKI Jakarta Provincial Government in this case through instructions from the Ministry of Home Affairs is also required to refocusing activities and reallocating the budget through changes in the REGIONAL BUDGET. In this study, we analyzed and provided solutions for the formulation of policies for refocusing activities and reallocating the budget of the DKI Jakarta Provincial Government during the Covid-19 pandemic. This research uses a narrative descriptive qualitative method with various litertaurs. The results of this study show that there are variations in changes in the APBD in refocusing activities and budget reallocation caused by several things, especially the absence of clear guidelines in refocusing activities and budget reallocation. In dealing with these problems, solutions that can be implemented by the DKI Jakarta Provincial Government Government is to create a kind of Standard Operating Procedure (SOP) that contains limits in the scope of the budget and activities that must be reduced, supplemented, or readjusted.
THE EFFECTS OF SOCIAL MEDIA MARKETING, STORE ENVIRONMENT, AND SALES PROMOTION ON CONSUMER PURCHASE DECISION AT PT MEGAMAS PLAZA BANGUNAN, MEDAN Alfonsius Alfonsius; Micho Christian
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

This research is purposed to test and analyze the effects of social media marketing, store environment, and sales promotion on consumer purchase decision at PT Megamas Plaza Bangunan (Home Smart), Medan. The result shows that the Adjusted R Square value is 0.631 which means that 63.1% of consumer purchase decision is jointly influenced by the variables described in the model, while the rest is influenced by factors outside the model. Partially, each independent variable, which is social media marketing, store environment, and sales promotion, has positive significant effect.
HEALTH STOCK REACTION TO COVID 19 : INDONESIA CASE Adrianna Syariefur Rakhmat; Mohammad Hatta Fahamsyah
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

At the beginning of 2020, the world was shocked by the emergence of a new disease which had evolved into the Covid 19 Pandemic for its rapid spread and relatively high death rate. The Covid-19 pandemic created an uncertaitny. This uncertainty can affect negatively on stock, that is, increasing uncertainty will reduce the stock price, volume and return. This research is a quantitative study that measures the response of the health stock sector to the COVID-19 pandemic. The health sector stocks that were sampled were health service providers, especially hospitals. The amount of data observed was 60 days before the announcement of covid and 60 days after the announcement of covid. Meanwhile the analysis technique that will be used is the Paired Sample T Test. The result of this research conclude that the stock price shows a significant difference between before and after the announcement of covid-19 in Indonesia, while the stock returns show insignificant differences, and the stock volume showed mixed results .
THE IMPACT OF TRAINING AND WORK MOTIVATION ON EMPLOYEE PERFORMANCE Ema Yudiani; Indra Rustiawan; Rabiyatul Jasiyah
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

The purpose of this research is to determine the impact of training and work motivation on employee performance at the Perum Damri Bandung Branch Office. The Statistical Package for the Social Sciences (SPSS) program is used in this type of research. Data collection methods such as questionnaires and interviews. The sample consisted of 47 Perum Damri Bandung Branch Office employees. Validity tests, reliability tests, multiple linear regression analysis, and statistical tests are used. According to the findings of statistical tests, training and work motivation have a positive impact on the performance of employees at the Perum Damri Bandung Branch Office.
MARKET REACTION TO EARNINGS MANAGEMENT AND THE ROLE OF AUDIT QUALITY: EVIDENCE FROM INDONESIA Ratnaningrum Ratnaningrum; Indrian Supheni; Risma Nurhapsari
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/ekonomi.v12i02.1615

Abstract

This study aims to determine whether the earnings management influences market reaction and whether audit quality moderates the relationship between earnings management and market reactions. The research sample has 115 manufacturing companies that go public in Indonesia Stock Exchange listed in 2013 – 2015 so that the number of samples (n) = 345 observations. Discretionary accruals are used to gauge the earnings management.. This study uses boostrap test to examine the hypothesis. The result shows that earnings management affects the market reaction positively. So it indicates if the market still gives a positive reaction to the report that generates earnings even though it contains earnings management. The interaction between book value equity and audit quality has a significant positive effect on the relationship between earnings management and market reaction.
THE EFFECT OF PRICE, PRODUCT QUALITY AND HEDONISM LIFESTYLE ON DIAMOND SHOPS PURCHASING DECISIONS MEDIATED BY PERCEIVED VALUE AT DIAMOND SHOPS IN MEDAN CITY Satria Tirtayasa; Febry Ramadhani
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

The purpose of this study was to determine and analyze the effect of Price, Product Quality and Hedonism Lifestyle on Diamond Shops Purchasing Decisions mediated by Perceived Value at a Diamond Shops in Medan City (Pasar Central). The method used in this research is to use a quantitative approach method. The unknown population then uses the lemeshow formula with a sample size of 100 respondents. Data obtained by online questionnaire via google form. Data collection techniques used in this study using questionnaires/questions and interviews/interviews. Data analysis techniques in this study used associative statistical analysis and data analysis using Partial Least Square (SEM-PLS). Data processing in this study uses the Smart PLS 3 Software program. The results of this study indicate that Price has a positive and significant influence on Purchasing Decisions, Price has a positive and significant influence on Perceived Value, Product Quality has a positive and significant influence on Purchase Decisions, Product Quality has a positive and significant influence on Perceived Value, Hedonism Lifestyle has a positive and significant influence on Purchasing Decisions, Hedonism Lifestyle has a positive and significant influence on Perceived Value, Perceived Value has a positive and significant influence on Purchase Decisions, Price has a positive and insignificant influence significant effect on Purchasing Decisions mediated by Perceived Value, Product Quality has a positive and significant influence on Purchase Decisions mediated by Perceived Value, Hedonism Lifestyle has a positive and significant effect t on Purchasing Decisions mediated by Perceived Value.
THE IMPACT OF ENTREPRENEURSHIP ORIENTATION AND BUSINESS STRATEGY ON COMPETITIVENESS IN IMPROVING BUSINESS PERFORMANCE Bunga Aditi; Pitono Pitono; Alvin Fahlevi; Aulia Arief; Muller Tamba
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

MSMEs have a strategic role in supporting regional economic growth. However, during this pandemic, SMEs are facing obstacles such as reduced sales, limited distribution capital, raw material problems, and reduced production. This research was conducted by analyzing. This research developed a theoretical model based on the Structural Equation Model (SEM) which was tested using Amos 1.8 as an analytical tool. Respondents from this study were 128 consumers of MSME products in Garut Regency. The results of this study indicate that Entrepreneurial Orientation has no effect on competitiveness, Business strategy has an effect on Competitiveness, Entrepreneurial orientation has no effect on business performance, Business strategy has no effect on business performance, Competitiveness has an effect on business performance. The implication of this study is an entrepreneurial orientation in handling doing business in MSMEs. Someone who dares to take risks can be defined as someone who is opportunity-oriented in the context of uncertainty in decision-making. The business strategy carried out has an impact on increasing competitiveness compared to competitors. Business actors are expected to be able to improve their business performance by continuing to build even better products by increasing marketing through digital marketing. Likewise, innovating products can increase profits from the business. The limitations of this study were due to the very short time, the researchers distributed questionnaires so that many respondents could not be interviewed in depth.
MINIMIZING RENOVATION PROJECT DELAYS (Case Study: Fuel Station A) Soraya Khaerunnisa; Akbar Adhiutama
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

PT XYZ is a PT ABC (Persero) subsidiary under Sub-Holding Commercial & Trading, PT KLM. PT XYZ is responsible for operating COCO gas stations owned by PT ABC. As time goes by, PT ABC's competitors are increasingly developing their business and increasing their outlets, which will become a challenge for PT XYZ. As one of the efforts to deal with this competition, PT XYZ is constantly upgrading and improving the appearance of gas station facilities, ensuring that the facilities function correctly so that customers will feel comfortable and always fill their vehicles at COCO gas stations. This is also stated in the company's strategy and listed in the 5R program (Ringkas (Brief), Rapi (Neat), Resik (Clean), Rawat (Caring), Rajin (Diligent)). To accommodate the above strategy, PT XYZ also allocates a capital goods investment to implement repairs/renovations in the existing Fuel Station. In practice, the project’s physical performance gap caused PT XYZ to not achieve the Key Performance Indicator according to the target. The Technical function as the executor function in the implementation of the projects plays a vital role in implementing the project on time, which will undoubtedly affect the project’s performance in PT XYZ. The Key Performance Indicator also cascaded to Technical Function as the Construction Accuracy Performance point. The purpose of this study is to find the root causes of the obstacles faced by PT XYZ in project planning and find solutions to solve these problems so that the project can be completed on time and the KPI for Non-Business Development Capital Goods Investment is achieved. To look for problems, research was conducted at a gas station in the Jabodetabek area with specific criteria. Interview methods will be conducted with stakeholders who play a role in the gas station renovation project. The current reality tree method will analyze problem identification to get the root cause. Case studies and literature reviews will be conducted to find a theory to resolve the root cause. PMBOK, especially in the project schedule management and planning process group sections, and Operation Management theory, especially Lean Production, will be used to analyze the project's performance and find a solution. Several alternative solutions will be identified based on the root cause obtained. Then the best alternative solutions will be selected by using AHP (Analytical Hierarchy Process) with the criteria and rating of the results of interviews with stakeholders. An implementation plan for the best alternative solution will be designed and used as a recommendation for the company.

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