Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah (The Journal of Perspectives on Financing and Regional Development) is an open-access, peer-reviewed international forum for scientists involved in research to publish high quality and refereed papers. Jurnal Perspektif Pembiayaan focuses on publishing theoretical and empirical papers in all fields of economics, business, and management. The journal accepts a variety of papers using a variety of research methods, including statistical analysis, case studies, and field research, articles examining significant research questions from multiple perspectives. In its sixth year (Volume 6), the Journal of Perspectives on Financing and Regional Development has three fundamental changes. First, this journal was originally published four times a year and now has been published six times a year. Second, the journal has been nationally accredited with a SINTA (Science and Technology Index) score of S4 which is valid from 9 July 2018 – 8 July 2023 based on the Decree of the Director-General of Development and Research Enhancement, Ministry of Research, Technology & Higher Education of the Republic of Indonesia, Number 21/E/KTP/2018 concerning the Ranking of Scientific Journal Accreditation Period I Year 2018. Third, based on the results of re-accreditation, since Volume 6, Issues 2 (September – October 2018), the Journal of Perspectives on Financing and Regional Development has been nationally accredited with SINTA (Science and Technology Index) score of S2, based on the Decree of the Director-General of Development and Research Enhancement, Ministry of Research, Technology & Higher Education of the Republic of Indonesia, Number 10/E/KTP/2019 concerning the Ranking of Scientific Journal.
Articles
433 Documents
Toward a tourism destination brand equity of coastal tourism of Pangandaran Regency
Ibrahim Rashid
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 2 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i2.7483
Indonesia is one of the countries where tourism is the major contributors to the GDP. There are province and districts in Indonesia that mainly focused on the tourism business, Pangandaran is one of them. As a new district, Pangandaran is still trying to develop its brand as a tourist destination. This study aims to provide perceptual maps of Pangandaran as a brand compared to other coastal tourism destination. The study used Multidimensional Scaling (MDS), to inquire about the brand image of various coastal destination in Indonesia among domestic tourist. Two dimensions consisted of performance and value are used to measure the destination brand. More profound questions are also asked to inquire about factors that may influence tourist visitation. The result indicates that the Pangandaran brand as a tourism destination is perceived as a domestic oriented destination. A suggestion based on five steps of brand building is proposed to improve Pangandaran
Comparison of executive compensation practices at Nordic and US markets: a mini-review article based on empirical evidence
Ummeh Habiba Faria Benteh Rahman
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 1 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i1.7533
This paper examines the compensation package of the CEO of both the Nordic and US markets and their roles in the organization. The paper contains the comparison between the compensation package of Nordic and US CEOs along with the harmony of the determinants. The work pattern and compensation are different in these two markets, certainly. It has been a big influence in the organization or working places to provide the most desired efforts on the particular or assigned responsibilities. This study is based on a systematic review of literatures, empirical evidences and surveys extracted from 23 articles of the previous studies on the compensation packages of CEO of both Nordic and US markets. The paper will be discussing about the chief executive body in the organization, the compensation design along with their compensation package system, discussing about the theories and determinants’ differences of their compensation practices and how this package is designed in both the Nordic and US markets. The difference between these two markets will be elaborately discussed and following by the author’s own discussion. The paper will end by providing a valid conclusion about the whole study.
Contribution of leading commodities to the economy of Sarolangun Regency, Jambi Province
Suandi Suandi;
Dedy Hendry;
Ajra Ajra;
Syahrasaddin Syahrasaddin
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 2 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i2.7540
This study aims to analyze the contribution of leading commodities to the economy of Sarolangun Regency, Jambi Province. The data used are time series data from 2013-2017, the 2013-2017 GRDP of Sarolangun Regency, the 2013-2017 GRDP of Jambi Province and the 2013-2017 Sarolangun Regency population data. Data were descriptively analyzed using the Klassen typology approach. There were six prime sectors based on the calculation results through Klassen typology during 2013-2017, namely: (1) mining and excavating; (2) water supply, waste management, waste, and recycling; (3) financial services and insurance; (4) administration of government, defense, and mandatory social security; (5) health services and social activities; and (6) other services, while other sectors were classified as potential sectors, developed sectors, and underdeveloped sectors.
Application of Altman Bankruptcy prediction model in Ghana
Alhassan Musah;
Josephine Agyimaa Agyirakwah
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 1 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i1.7558
The study examined the applicability of the Altman Z-score model in predicting bankrupt companies or financially distressed companies on the Ghana Stock Exchange. A sample 10 listed firms were selected and one other company to be used for validation purposes. The validation process involved data for 2016 and 2017 for Aluworks which represented a distressed company and GOIL Ghana Limited which represented non-distressed company. The final analysis was based on a random sample of 10 listed firms using their 2017 financial statement. The results of the initial prediction showed 50 percent of the companies were correctly predicted whiles the others were misclassified. Additional analyses showed that the size of the company influence the probability of bankruptcy whiles the nature of the business does not. The conclusion drawn shows that the Altman Z-score cannot accurately predict financially distressed firms in Ghana but can still be useful in giving signals.
Speed strategy of public administration services in fulfilling the basic rights of citizens in rural areas in Indonesia
Sry Rosita;
Andang Fazri;
Ratih Kusumastuti;
Syahmardi Yacob
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 2 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i2.7574
The main purpose of this research is to examine the speed strategy of public administration services in fulfilling the basic rights of citizens in rural areas in Indonesia. The method in this research is descriptive type with quantitative approach and use explanatory survey. The target of the research was villagers in four districts in Jambi Province. The instrument used to collect the data is by using a structured questionnaire given to the sample respondents. The statistical tool to examine the hypotehsis is by using Partial Least Square (PLS) method with smart-PLS as the software. The study found that the speed strategy of public administration services has a positive and significant influence on fulfilling the basic rights of citizens in rural areas. However, these positive and significant effect towards fulfilling the basic rights of citizens are mediated by public administration services. These suggest that the role of public administration services in rural areas should be transparent, accountable, and it needs to accommodate public participants and public right equally.
Sustainable food crop production in karst area of Parigi, Pangandaran, West Java: preliminary study
Reginawanti Hindersah;
Nia Kurniati;
Dadang Epi Sukarsa;
Rustam Rustam;
Sondi Kuswaryan
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 8 No. 1 (2020): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v8i1.7599
Karst formations in Selasari and Parakanmanggu Village of Parigi District, Pangandaran Regency, West Java includes dolines, subterranean stream, springs, and karst hills are useful for agriculture. The purpose of this study was to 1) identifiy the used of karst area for rice cultivation and local trees in karst area; 2) evaluate the benefit of rice cultivation and local tree for local communities and 3) asses the legal aspect for supporting food crop production. The study was done using qualitative-descriptive method with the primary data obtained from field observations, soil analysis, local tree identification, and interviews. Secondary data was obtained from the Regional Government and the National Geological Agency. The results showed that rice cultivation has been carried out in suitable soil by using simple and rainfed irrigation. Local fruit, herbs, timber and shade-ornamental tree grow naturally on the karst area. Tree logging without significant revegetation caused water supply shortage so that farmers only grow rice once a year. Athough the rice productivity of both villages is lower than average rice productivity of Pangandaran Regency, rice is important to support local inhabitant’s consumption and family income. Land Use Plan year 2018 regulates the general provisions on zoning regulations for agriculture in susceptible area but the regulation does not mention the karst areas. This study suggested that tree conservation is needed to maintain the existence of rice fields. Land use planning for agriculture in the region must be based on integrated considerations of rice cultivation and local tree conservation.
The nexus between tourism development and economic growth in Eastern Indonesia: a panel VECM approach
Amaluddin Amaluddin
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 2 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i2.7626
The empirical nexus between tourism development and economic growth have been widely examined, however, the empirical results generally produce diverse conclusion and often debated. The purpose of this empirical study is, firstly, to investigate and analyze the dynamic relationship between tourism sector development and economic growth both in the short and long run. Secondly, to examine the direction of causality between tourism development and economic growth in Eastern Indonesia over the period 2010-2017. This study employed a panel vector error correction model (PVECM) for the quantitative analysis approach from panel data of 12 provinces in eastern Indonesia. The empirical findings of this study were: 1) In the long run, the relationship between tourism development and economic growth supported the feedback causality hypothesis where changes and expansion in the tourism development affect economic growth and increasing economic growth have an impact on the expansion of the tourism sector (bi-directional causality). 2) The empirical findings corroborated the growth-led tourism hypothesis in the short run which argues that the achievements of economic growth affect the expansion of tourism development. In the short run, this empirical study only found a one-way causality running from economic growth to tourism development.
The structure and the leadership: The actualization of good management of Indonesian University
Risanty Risanty;
Sambas Ade Kesuma
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 2 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i2.7653
The objective of this paper is to discuss the concept of good university governance and the structure of university in Indonesia. In particular, the paper focuses on the structure of university in order to improve the good university governance in Indonesia. Good University Governance is basically setting the organizational structure, the process of business, as well as program and activities in the planning procedure. Leaders are different from managers. The leader is chosen and earned the academic leadership and the authority. Academic leaders are mandated to lead and a combination of academic leaders and managers. A university should apply academic leadership in every level. It is necessary to implement the checks and balances of executive authority, which can be performed by the university and faculty academic senate. Avoid conflicts of interest as well as multiple positions in implementing good governance in a university.
Exploring the bi-directional relationship of stock return and sustainability performance through the sustainability risk lens (case of Indonesia)
Sita Deliyana Firmialy;
Sudarso Kaderi Wiryono;
Yunieta Anny Nainggolan
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 2 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i2.7663
Sustainability investing has been evolved significantly since the last decade. The inclusion of social, environmental, and economic dimension into the portfolio screening criteria is stated as an essential strategy to increase the firms' financial performance. However, previous empirical evidence has gained a mixed result on this issue (i.e. positive, negative, and insignificant). This study contributes to the discussion by offering result on the heterogeneous effect of sustainability performance to the stock return, specifically through the sustainability risk lens. Sustainability risk is related to firm sustainability concern of not being able to perform in a "sustainable manner", thus related directly to the inefficiency within the firms, as well as the firms' idiosyncratic risk. Uniqueness contribution of this study is by offering the analysis in a disaggregated ways (i.e. separately examines the relationship between each sustainability performance dimensions and stock return), within portfolio level. Using large size of cross-sectional data (more than 400 companies over two years span of time) covered all non-financial sectors listed in the Indonesia Stock Exchange (IDX), we are able to confirm the notion of heterogenous sustainability performance within Indonesian firms. We also found evidence on the positive direction of an increase of social and economic performance to stock return. Meanwhile, environmental sustainability performance shows the contrast direction.
Quantitative strategy planning matrix in supporting sustainability of pearl millet (Pennisetum glaucum) farming
Ikawati Karim;
Edy Fitriawan Syahadat;
Rahman Basri
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 2 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i2.7686
Pearl millet is not only a potential source of income for farmers but can also support the availability of alternative local food in West Sulawesi. As a potential local food, pearl millet contains good nutrition such us anti-oxidant, bioactive compound and fiber. This research is aim to analyze the internal and external factors, IE matrix and then Quantitative Strategy Planning Matrix (QSPM) in order to figure out the priority strategies of pearl millet (Pennisetum glaucum) farming. This research was conducted in West Sulawesi by investigating pearl millet farmers in the production center. The strategy that could be applied is how to support an aggressive growth-oriented strategy. The priority strategies to be implemented are 1) procurement of farming equipment to increase production and productivity, 2) maximizing land potential through efficient farming input, 3) supporting farmers to keep trying to grow pearl millet in an effort to produce alternative food, 4) the use of environmentally friendly farming equipment and input technologies to support sustainability, 5) training to the pearl millet farmers on processing and diversification of pearl millet into industrial products, 6) building adequate infrastructure to facilitate distribution and marketing, 7) plotting pearl millet as a potential superior local food in West Sulawesi, 8) facilitating to access to capital by activating rural-based microfinance institutions, 9) increasing the capacity of farmers and village stakeholders through institutional strengthening, counseling and training and 10) introducing pearl millet to the market and consumers as a local food that is rich in fiber and high antioxidants.