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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 2,391 Documents
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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.
THE IMPACT OF THE FINANCIAL PERFORMANCE RATIO AND SHARES PRICES ON THE INDONESIAN STOCK EXCHANGE IN THE LQ45 INDEX Hengky Leon
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

The aim of this research is to analyze ratios which include Current Ratio (CR), Debt Equity Ratio (DER), Return on Equity (ROE), and Financial Performance which includes Earning per Share (EPS), have an impact on IDX stock prices. Companies included in the 2015-2016 LQ45 index will be studied further in this study. Purposive sampling was used to select the sample for this study, with 56 companies selected based on the sample obtained in this study. (1). The current ratio has a beneficial effect on stock value, according to the findings. (2). Share prices are not affected by the debt to equity ratio. (3). Stock prices are not affected by Return on Equity. (4). Earnings per share have a beneficial impact on the stock market.
THE INFLUENCE OF ENTREPRENEURIAL EDUCATION ON ENTREPRENEURIAL INTENTIONS BY THE MEDIATION OF SELF EFFICACY: STUDY OF A VOCATIONAL SCHOOL Jurry Hatammimi; Devi Rosniawati
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

Despite the low ratio between the total population and the number of businesses, Indonesia has a huge possibility to develop entrepreneurs in the digital age. Implementing the Vocational School 4.0 competency curriculum, which focuses on fostering the entrepreneurial aim of vocational students, is one method to improve this situation. However, this program hasn't yet been able to yield any notable outcomes. With self-efficacy serving as the mediating variable, this study aims to evaluate the impact of entrepreneurship education on the entrepreneurial intention of students majoring in online business and marketing at a state vocational school. The study employs a quantitative methodology, and the eleventh and twelfth grades were given online questionnaires to complete. In the meanwhile, a structural equation model and partial least squares are used to analyze the data. The findings of this study show that entrepreneurship education positively and significantly affects entrepreneurial intention and entrepreneurial self-efficacy, entrepreneurial self-efficacy positively and significantly affects entrepreneurial intention, and entrepreneurial self-efficacy mediates entrepreneurship education and entrepreneurial intention. It is advised to undertake a qualitative analysis to identify the most important aspects of entrepreneurial education, entrepreneurial intention, and entrepreneurial self-efficacy for further research.
THE ROLE OF SPIRITUALITY AWARENESS IN THE PROCESS OF DESIGNING AND IMPLEMENTING CSR PROGRAMS AT PT. Y Kevin Arie Wianto
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 researcher is hoped to provide additional knowledge and insight for business actors or businesses in Indonesia so that they can consider the application of environmentally friendly production concepts. In this study, researchers will use the qualitative research paradigm of constructivism which aims to understand and give meaning and social construction to plastic waste treatment company PT. Y which is the object of this study. Overall, it can be seen that the plastic waste treatment company PT. Y with the scale of a small and medium company size can carry out sustainable CSR activities so that it can take a role in achieving the goals of the SDGs in 2030 without harming the company itself. From this study, itwas concluded that the plastic waste treatment company PT. Y has implemented sustainable CSR activities, which have an impact on operational activities to be good and smooth, and from the financial side the company is also healthy or good.
LEGAL PROTECTION IN BANKS FOR DISCLOSING BANK CONFIDENTIALITY RELATED TO THE CRIME OF MONEY LAUNDERING Tjoeng Sinta Pertiwi Sandjaja; Siti Marwiyah; Subekti Subekti
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

Bank runs business with fiduciary principle, prudential, know your customer and bank secrecy. The money laundering criminal can use bank to save fund. Bank as a financial institute must implements prudential and must keep customer personal information has polemic and must open bank secrecy if money laundering occurred. That’s matter become problem is regulation and impelementation of regulation about bank secrecy and law protection for banking and customer because open customer personal information because of money laundering. This riset use normative law riset with statue approach use law material source. Statue approach use with study all regulation. The type of data used is in the form of data obtained from laws and regulations, books, journals, library materials and other written sources related to the problem to be studied. To analyze the data collected from literature search, this research uses qualitative analysis techniques.
FACTORS WHICH FORM COSTS IN CONSTRUCTION COMPANIES IN SURABAYA Benediktus Derry Galista; David Sukardi Kodrat
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

The goal is to recognize and examine the factors that shape costs in construction companies in Surabaya. The sample of this research used employees at construction companies in Surabaya. The sample group is equivalent to the full population, namely 103 respondents. Research variables used in the study are: Product Quality Improvement (x1); Increased Worker Productivity (x2); Reducing Unnecessary Costs (x3); Material Order Timeliness (x4); Material Delivery Timeliness (x5); Materials and Tools Inventory (x6); Rework; (x7) Company overhead (x8); Cost of Materials/Materials (x9); Project duration (x10); Performance optimization (x11); Ensure inventory and tool performance (x12); Company performance control (x13); Rework (x14); Reduced rework (x15); Management of the financial performance of the firm (x16); Improving the financial performance of the firm (x17); Material cost control (x18); Optimizing material costs (x19); Control the time working on the project (x20); and Optimizing project execution time (x21). The approach employed in this study is quantitative exploratory. The analytical approach utilized is exploratory factor analysis. The findings indicated that from 19 tested indicators, 6 factors formed the cost of construction companies. The six factors that shape costs in construction companies are: timeliness of orders, contractor costs, quality control, optimization of project work, on time delivery and inventory performance, and financial control.
THE EFFECT OF DISCLOSURE OF SUSTAINABILITY REPORTS AND CORPORATE GOVERNANCE ON THE FINANCIAL PERFORMANCE OF COMPANIES IN THE ASEAN REGION Indra Faisal Rizki Mufid; Bandi Bandi
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

The paradigm of good company performance can be measured based on the entity's ability to generate profits or profits in financial statements. This study uses secondary data, namely data obtained indirectly from the object of study sourced from the ASEAN regional company's financial report data base available at the ASEAN Capital Markets Forum (ACMF) data center. The results of this study also show that there is a positive influence between financial performance and sustainability reporting. This is indicated by a significance value of 0. 015 < 0.05, as well as a coefficient value of 0.579 which means that there is a positive influence. Based on the results of the test and discussion, it was concluded that the financial performance of entities in the ASEAN region has differences as well as good corporate governance.
EMPLOYEE TRAINING AND DEVELOPMENT, WORK ENVIRONMENT AND LEADERSHIP ON EMPLOYEE COMPETENCE AND PERFORMANCE IN GOVERNMENT OF BAUBAU CITY, SULAWESI TENGGARA Sulhan Manaf
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Organizations aspire to succeed through differentiated programs, services, capabilities and products. However, these elements need to be envisioned, developed, implemented and maintained by well-trained individuals. The purpose of this research is to see how the training and development of employees. Work environment and leadership affect employee competence and performance. This study uses descriptive qualitative research. Interview techniques are used in the data collection process to collect information about how employee training and development, work environment and leadership factors affect employee competence and performance. The results of the research analysis show that the training and development of employee performance in the Baubau city government of the Southeast Sulawesi Province is through formal courses and programs, assessments. The work environment has an influence on employee competence and performance by dividing it into 2 indicators, namely by looking at the physical environment and non-physical environment. leadership carried out. Leadership in improving employee competence and performance is by consistently providing training programs to fill skill gaps that employees do not have. the results of interviews conducted with informants showed that every employee must always be given direction in every procedure, job description, and workload. Employees will understand what will be done and have the initiative to generate fresh new ideas to improve their performance.
IMPACT OF DEBT TO EQUITY RATIO AND NET PROFIT MARGIN ON THE PRICE EARNINGS RATIO OF PT INDOFOOD SUKSES MAKMUR, TBK Meiliani Luckieta
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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Abstract

Food and beverage companies in Indonesia are one of the business sectors that continue to experience growth and are also one of the categories of the industrial sector on the Indonesia Stock Exchange (IDX) which has opportunities to grow and develop so that competition between food and beverage companies is getting tighter, this is in line with the increasing population growth in Indonesia. The purpose of this study is to determine the overview and analysis of Debt to Equity Ratio, Net Profit Margin and Price Earnings Ratio at PT Indofood Sukses Makmur, Tbk for the period 2008-2017. The research methods used are descriptive methods and verifiable methods using the Multiple Linear Regression statistical test. The results showed that the Debt to Equity Ratio of PT Indofood Sukses Makmur, Tbk was not included in the Good category in that period. Meanwhile, Net Profit Margin and Price Earnings Ratio are included in the Good category. Then in testing the influence between variables, the results were obtained that the Debt to Equity Ratio and Net Profit Margin did not affect the Price Earnings Ratio either partially or simultaneously. The results of this study are expected to be useful for investors as an illustration of the condition of PT Indofood Sukses Makmur, Tbk as one of the companies listed in the LQ45 food and beverage sub-sector in Indonesia.
THE EFFECTIVENESS OF THE ENTREPRENEURSHIP PROGRAM (ENTREPRENEUR SHIP) TO INCREASE STUDENT MOTIVATION THROUGH EDUCATIONAL TOURS AT SMK ISLAM TERPADU FITRAH HANNIAH BEKASI Nia Karnia
Jurnal Ekonomi Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023
Publisher : SEAN Institute

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This study aims: Obtaining empirical evidence regarding the effect of motivation on Entrepreneurship of Students of the Integrated Islamic Vocational School Fitrah Hanniah Class XII. This study uses a quantitative approach because the focus of this research is to measure the extent to which the effectiveness of the entrepreneurship program to increase motivation through educational tourism activities will be more in line with the quantitative approach, using numbers and statistical formulas to measure results, so as to obtain results that are valid. Simultaneously the motivational factor, Educational Tourism, has a positive and significant influence of 29.6% on Student Entrepreneurship at the Integrated Islamic Vocational School Fitrah Hanniah Class XII, while the remaining 70.4% is determined by other variables not mentioned in this model. Partially, the Entrepreneurship variable has a positive and significant influence on Student Motivation in Class XII Integrated Islamic Vocational Schools Fitrah Hanniah, namely 0.344 or 34.4% with a significance value of Sig 0.006 <0.05. Partially the Educational Tourism variable has a positive and significant influence on the Entrepreneurship of Students of the Class XII Integrated Islamic Vocational School Fitrah Hanniah, namely 0.315 or 31.5% with a significance value of Sig 0.011 <0.05. Planning Entrepreneurship is a stage to clearly define what is expected and what will be obtained by students through a strong commitment, because without this commitment it will be difficult to get help from available sources to achieve the expected results.

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