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Bincar Nasution
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+6285360415005
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INDONESIA
International Journal of Economics (IJEC)
ISSN : -     EISSN : 2961712X     DOI : https://doi.org/10.55299/ijec
Core Subject : Economy,
International Journal of Economics (IJEC) E-ISSN. 2961-712X is a refereed publication that comes to address the Economic and Administration challenges that economic units of various nature face in today’s rapidly changing international economic environment. It is designed to publish original and high quality research work that will cast light in contemporary issues and will pave the way for the application of mould-braking solutions. IJEC’s general scope is to stimulate, promote and disseminate contemporary research that will have a significant impact on the theory and practice of Businesses, Public Organizations and other Institutions. IJEC’s aims to bridge the gap between theoretical developments and applied, policy-oriented research, becoming the ideal vehicle of advancing innovative ideas in the framework of entities’ economic management and general administration. In this context, the International Journal of Economics (IJEC) is bound to have a distinctive interdisciplinary profile, destined to cover a wide variety of topics spanning from Business Economics to Management, Finance, Accounting, Insurance, Risk Management, Auditing, Banking, International Economics, and Social Science. The ultimate mission of the International Journal of Economics (IJEC) is to constitute a valuable resource of scientific knowledge and applied research results for academics, practitioners and policy-makers becoming an indispensable ally in tackling modern economy’s challenges.
Articles 657 Documents
The Influence of Leadership, Work Motivation, and Compensation on Employee Performance through Job Satisfaction as an Intervening Variable at Bank Syariah Indonesia KC Gatot Subroto Jambi Fitria, Savira; Mubyarto, Novi; Nengsih, Titin Agustin; Anita, Efni; Rahma, Sri; Munsarida
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.875

Abstract

This study examines the direct and indirect effects of the variables of Leadership, Work Motivation, and Compensation on Employee Performance through Job Satisfaction as an intervening variable. This research is a quantitative study using the Total Sampling method with 45 respondents. Data analysis is conducted using the Structural Equation Modeling (SEM) analysis with Smart-PLS computer program. The results of this study are as follows: 1) Leadership has a positive and significant effect on Job Satisfaction 2) Work Motivation does not have a significant effect on Job Satisfaction 3) Compensation has a positive and significant effect on Job Satisfaction 4) Leadership has a positive and significant effect on Employee Performance 5) Work Motivation has a positive and significant effect on Employee Performance 6) Compensation does not have a significant effect on Job Satisfaction 7) Job Satisfaction has a positive and significant effect on Employee Performance 8) Job Satisfaction is able to influence the relationship between Leadership and Employee Performance 9) Job Satisfaction is not able to influence the relationship between Work Motivation and Employee Performance 10) Job Satisfaction is able to influence the relationship between Compensation and Employee Performance.
The Moderating Role by Locus of Control Bridging Financial Knowledge of Financial Management Behaviour Heryandya, Dinandara Aliya Rahma; Muhadjir Anwar
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.877

Abstract

The ease of access to needs and desires has led to the emergence of wasteful behaviour in society in this modern era. Therefore, financial knowledge is crucial in making daily financial decisions or managing businesses. Financialknowledge can potentially enhance the quality of life through improved decision-making. This study aims to explore how locus of control affects the connection between financial knowledge and financial management behaviour as a moderating variable using a quantitative research method with primary data. The research population consists of TikTok Shop customers in Surabaya City. Data Analysis utilises Partial Least Square (PLS) with tests on the outer model, inner model, and hypothesis. Outputs of this search imply that financial knowledge and locus of control significantly as well as positively influence financial management behaviour. Still, locus of control variable doesn’t possess capacity to moderate the correlation among financial knowledge and financial management behaviour.
Analysis of Factors Affecting Indonesian Natural Rubber Exports Zayani, Avivatul; M. Taufiq
International Journal of Economics (IJEC) Vol. 3 No. 2 (2024): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i2.879

Abstract

The aim of this research is to determine and analyze the short-term and long-term influence of Indonesian natural rubber production variables, international consumption, and international natural rubber prices on Indonesian natural rubber exports. This research was carried out using Time series data for the period 1989-2022 using numerical calculations of research variables using the Error Correction Model (ECM) analysis method assisted by EViews12 software. The population used in this research is information on Indonesian Natural Rubber Exports for 1989-2022. As a result of the analysis and discussion that has been carried out, it can be concluded that: Indonesian Natural Rubber Production has a positive influence in both the long and short term on Indonesian Natural Rubber Exports. International Natural Rubber Consumption in the long term has an insignificant influence with a negative correlation on the volume of Indonesian Natural Rubber Exports. International Natural Rubber Prices in both the long and short term have an insignificant influence with a positive correlation on Indonesian Natural Rubber Exports.
Analysis of the Impact of Export Duty Policy, Total Production of Cocoa Beans, and Imports of Cocoa Beans on Cocoa Butter Exports in Indonesia Rheavanya, Sabrina Izzah; M. Taufiq; Utami, Anisa Fitria
International Journal of Economics (IJEC) Vol. 3 No. 2 (2024): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i2.880

Abstract

The purpose of this research is to analyze the influence of export duty policies, the amount of cocoa bean production and imports of cocoa beans on the volume of cocoa butter exports in the short and long term. This research uses a descriptive approach with quantitative methods, the focus is testing theories using number-based analysis and statistical analysis. The data used is a time series from 1993 to 2022. In this research, the model used is the Error Correction Model (ECM). The ECM method aims to identify the influence of independent variables on the dependent variable in both the short and long term by focusing on the variables of cocoa butter exports, export duty policies, production quantities and imports of cocoa beans. The analytical tool in this research uses Eviews-12. The conclusion of this research is as follows: Export duty policy (dummy variable) in the long term has a significant positive effect on coca butter exports. The amount of cocoa bean production does not have a significant impact on cocoa butter exports, both in the long and short term. The volume of cocoa bean imports has a significant impact on cocoa butter exports, both in the long and short term.
Strategic Management: Analysis of the Influence of Influence Factors on Company Performance Mendrofa, Syah Abadi; Sihite, Toga Sehat; Asrijal, Andi; Zainurossalamia, Saida; Asnawati
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.886

Abstract

This study aims to investigate the impact of implementing strategic management on the performance of PT XYZ, an important provider of electricity services in the industry. Intense competition, dynamic changes in the business environment, and customer needs demand the adoption of effective strategies. This research employs qualitative methods and a case study approach at PT XYZ. Data were gathered through in-depth interviews with company management and analysis of internal documents, as well as direct observation of operational activities. The findings of this study demonstrate that the implementation of efficacious strategic management exerts a positive influence on the efficacy of PT XYZ. By adopting a lucid and well-defined strategy, the company is capable of optimising the utilisation of its resources, augmenting its competitive edge, and fortifying its client relationships. Furthermore, strategic management enables companies to identify and address the risks inherent to their operational activities.
Operations Management: Roles and Duties of Suppliers and Shippers in Supply Chain Management Liow, Festus Evly R.I.; Indrawati, Raden Ajeng; Latuconsina, Zainuddin; Hasnawati; Faozi, Muhamad Ilham
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.887

Abstract

In order to enhance competitiveness, companies must prioritize product customization, high quality, cost reduction, and distribution speed. To achieve these goals, it is essential to focus on supply chain management. Supply chain management is defined as the integrated process of obtaining materials and services, transforming them into intermediate and final products, and delivering them to customers. This involves activities such as purchasing and outsourcing, in addition to other functions that are crucial for the relationship between suppliers and distributors. The primary objectives of supply chain management (SCM) are the timely delivery of products to consumers, cost reduction, and the improvement of outcomes across the entire supply chain (as opposed to a single company). Additionally, SCM facilitates the reduction of time, the centralization of planning and distribution activities, and the optimization of resources. Given the current circumstances, the application of SCM is particularly advantageous, as it enables the management of the flow of goods or products in a supply chain.
Comparative Analysis of the Financial Performance of Islamic Banking in Indonesia and Malaysia During the Covid-19 Pandemic Safitri, Ika; Pramono, Sigid Eko; Zaenal, Muhammad Hasbi
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.900

Abstract

Financial performance as a measuring tool to determine the process of implementing financial resources owned by the company. The Covid-19 pandemic has had a significant impact on Islamic banking. where Malaysia and Indonesia are the leading countries in the development of the Sharia economy, of course they are affected by the Covid 19 Pandemic. The purpose of this study is to compare the financial performance of Islamic banking in Indonesia and Malaysia before and during the Covid 19 pandemic. The data analysis technique used is the independent sample t test. The variables being compared are NPF, FDR, ROA, ROE, CAR, and BOPO. The sample used in this study is in the form of sharia banking performance reports issued by financial services authorities from each country before and during the Covid-19 pandemic, namely from 2018-2021. The results show that in Islamic banking in Indonesia there are significant differences only in the CAR variable, while for NPF, FDR, ROA, ROE, and BOPO there are no significant differences between before and during COVID-19. Meanwhile, in Islamic banking in Malaysia, there are significant differences only in the BOPO variable, while for NPF, FDR, ROA, ROE, and CAR there are no significant differences between before and during COVID-19. And for the comparison of performance between Indonesian and Malaysian Islamic Banking, there is a significant difference in the performance of the two countries except for the NPF variable, there is no significant difference between the NPF of Indonesian Islamic Banks and Malaysian Islamic Banks during the 2018-2021 period
Performance Evaluation of Sharia Rural Banks: Maqashid Shariah Index Approach (Case Study: Sharia Rural Banks In West Java, Indonesia) Tarmizi, Erwandi; Rachmad, Dedy; Ali, Zulkarnain Muhammad; Maulida, Syahdatul
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.916

Abstract

This study aims to measure the performance of Sharia Rural Banks in West Java using the maqashid sharia approach by Abdul Majid Najjar. The sample used in this study consists of 9 rural banks spread across West Java. The research data employed are secondary data in the form of financial reports for the year 2023 sourced from the Indonesia Financial Services Authority (OJK) website and governance reports for the year 2023 sourced from the official websites of each Sharia Rural Banks. The results of the study indicate that BPRS Al Salaam Amal Salman achieved the highest maqashid sharia score, followed by BPRS PNM Mentari and BPRS Almadinah Tasikmalaya Perseroda as the top three Sharia Rural Banks in West Java with the highest maqashid sharia index scores. Further analysis at the consequence level reveals that "Self" is the consequence with the highest average score compared to other consequences. Meanwhile, the consequence "Intellect" shows the lowest maqashid performance score. This study is expected to serve as a foundation for sharia banks to enhance the implementation of sharia values in their operational practices. Additionally, this study can contribute to a deeper understanding of the compliance of sharia financial institutions with the principles of maqashid sharia at the regional level.
Generation Y and Z's Preferences on Intentions to Use Halal Products for Daily Dental and Oral Care Permasari Sabaniah; Indra; Achmad Firdaus
International Journal of Economics (IJEC) Vol. 3 No. 2 (2024): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i2.930

Abstract

Background: Even if global economic growth is modest, Indonesia's halal business presents a tremendous chance to help the country's development. In general, the worldwide market, including the pharmaceutical and cosmetics industries, must address the need for halal products. Objective: This study intends to determine whether attitudes, subjective norms, behavioral control, and religion influence the intention to use halal oral health care items on a daily basis on Y and Z generation. These products are widely used but the study is still limited. Behavioral control, religion, and subjective norms were found to influence the intention or intent to use, as determined by this study. On the other side, there is no substantial relationship between attitude and intent to use. Research Method: Methods of data analysis in this research using Structural Equation Modelling (SEM). Sample of research used in this study is 146 respondent. The data used in this research is primary data sourced from generation Y and Z in IndonesiFindings: This research will help halal industry participants, particularly the pharmaceutical and cosmetic sub-sectors, develop strategies to boost public product knowledge and consumption. In addition, this research will serve as a reference for regulators working to improve the halal industry environment, including regulation and infrastructure.
Analysis of Macroeconomic Factors and Financial Performance on the Phenomenon of Sharia Bank Market Share Stagnancy Wibawa, Aditya Setiaji; Mujib, Abdul
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.931

Abstract

The Sharia banking market share is still stuck at the level of 7% of total national banking assets until the February 2024 period. Several strategic policies have been implemented by both regulators and Sharia banking players, but this has not yet increased the Sharia banking market share. Several other relevant studies inform that internal factors in the form of financial performance and macroeconomic conditions are one of the causes of the stagnant increase in the market share of sharia banking in Indonesia, so it is necessary to re-examine/analyze these factors. Furthermore, this research aims to analyze the influence of macroeconomic conditions as proxied by the inflation rate and BI rate as well as the financial performance of Sharia banks as proxied by the CAR and FDR ratios on the Market Share of Sharia Banks in Indonesia. The sample in this study was a total of sharia commercial banks and sharia business units with data regression analysis using the help of the Eviews version 12 program. The results of this research show that simultaneously the independent variables (inflation, BI rate, CAR and FDR) in this research have a significant influence on Market Share with a significance level of 5%. Overall, the results obtained show that the variables inflation, BI rate, CAR and FDR influence the Sharia banking Market Share with a significance level of 5%. Partially, inflation and FDR have no effect on the market share of sharia banking, but the BI rate and CAR have a significant effect on sharia banking in Indonesia.