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Studi Ekonomi dan Kebijakan Publik
Published by Goodwood Publishing
ISSN : -     EISSN : 2963394X     DOI : 10.35912/sekp
Core Subject : Economy, Education, Social,
Economics, Econometrics & Finance Education Social Sciences
Studi Ekonomi dan Kebijakan Publik adalah jurnal ilmiah yang mempublikasikan artikel ilmiah yang mengangkat topik ekonomi dan kebijakan publik serta topik-topik terkait. Naskah yang dikirimkan ke Studi Ekonomi dan Kebijakan Publik akan direview dengan metode double-blind peer review oleh mitra bestari pilihan kami. Studi Ekonomi dan Kebijakan Publik bertujuan untuk menjawab berbagai isu serta memediasi penyebarluasan perkembangan teoritis dan praktis di bidang ekonomi dan kebijakan publik melalui publikasi ilmiah.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 35 Documents
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Analisis Kebijakan Investasi, Kebijakan Hutang, Kebijakan Dividen dan Nilai Perusahaan Sektor Energi Febriana, Silfani Ajeng; Koesoemasari, Dian S.P.; Nirmala, Nirmala
Studi Ekonomi dan Kebijakan Publik Vol. 3 No. 1 (2024): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v3i1.3382

Abstract

Purpose: This research aims to partially analyze the influence of investment policy, debt policy and dividend policy on firm value in energy sector companies listed on the IDX for the 2018-2022 period. Methodology: This research uses quantitative methods. The population in this research was 75 companies. The sample was obtained using a purposive sampling technique of 14 companies. The data used in this research is secondary data from energy sector companies listed on the Indonesian Stock Exchange in 2018-2022, the amount of data is 70. The analytical tool used in this research is panel data regression with the help of E-views 12 software. Results: The results of this study show that investment policy and dividend policy have a positive significant effect on firm value, while debt policy does not have a significant effect on firm value. Limitations: The limitation of this research is that the value of the coefficient of determination (R²) is only 62.05%, which is still relatively low because it is below 80%. Besides that, there is one hypothesis that can not be proven, namely the debt policy variable. Contribution: This research can be used as consideration for investors before investing because the three company policies, namely investment policy, debt policy and dividend policy can provide an overview of the firm's condition.
Identifikasi Modal Sosial dan Kekuasaan dalam Underground Economy Pasar Maling, Kota Malang Purnami, Ni Made Rina; Kusumawardani, Alisya Dewi; Kusumawardani, Amrita Puteri Wijaya; Yuniar, Privo Divanya; Saptarini, Ni Putu Ayu Finansya; Prestianawati, Silvi Asna
Studi Ekonomi dan Kebijakan Publik Vol. 3 No. 1 (2024): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v3i1.2591

Abstract

Purpose: This study aims to reveal the role of social capital and power structures in the underground economy of Pasar Maling, Malang City. Methodology: This study used a phenomenological qualitative method. To obtain data, unstructured interviews and observations were conducted with triangulation of sources and Nvivo14 was used to process the data. Results: The research reveals the role of social capital in strengthening the existence of the underground economy through four main aspects: trust, networks, information, and norms. The power structure that can provide rules or contracts at Pasar Maling Malang City is in the form of informal contracts and is dominated by the non-government community, namely the Madurese ethnic community. This market is similar to a perfect competition market, but in the ongoing economy market, Pasar Maling Malang City has restrictions on entering the market or barriers to entry. Only people of the same ethnicity can participate in and conduct trading activities in Pasar Maling Malang City. Limitations: This research only focuses on the market's internal perspective, including sellers and the surrounding community in Pasar Maling. Contribution: This research may provide additional knowledge for readers and serve as a reference for further research on underground economy.
Pencapaian Sustainibilitas Organisasi Melalui Kualitas Kehidupan Kerja Zumaroh, Zumaroh; Kusumawati, Diah Ayu
Studi Ekonomi dan Kebijakan Publik Vol. 3 No. 1 (2024): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v3i1.4330

Abstract

Purpose: This study aimed to analyze the factors of organizational desire through achieving quality of work life and job satisfaction in optimizing human resource performance at PT. Kawasan Industri Wijayakusuma Semarang. Methodology/approach: This study used a qualitative method with data acquisition through questionnaires and census sampling to determine the number of respondents. Data management used SPSS 25 software with simple and multiple linear regression analysis methods, t-test, coefficient of determination, and Sobel test. Results/findings: The results of this study indicate that quality of work life and job satisfaction affect employee performance. Furthermore, job satisfaction plays an important role as a mediator in the relationship between quality of work life and employee performance. Conclusion: Quality of work life significantly improves employee performance, both directly and indirectly, through job satisfaction as a mediating variable at PT Kawasan Industri Wijayakusuma. Limitations: This study has limitations, namely, using only one sample of companies/organizations and two factors as variables to measure human resource performance in achieving business desires. Contribution: This study has a contribution, namely it can be useful for organizations in emitting quality of work life, job satisfaction, and how to improve human resource performance to achieve business desires.
Analisis Teori Keagenan, Peran Tata Kelola, Dan Peran Tata Kelola Bisnis Untuk Mengatasi Konflik Kepentingan Okta, Agatha Danar Kristia; Nursanita, Nursanita
Studi Ekonomi dan Kebijakan Publik Vol. 3 No. 2 (2025): Januari
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v3i2.4980

Abstract

Purpose: The aim of this study is to analyze the application of agency theory and the role of corporate and business governance in addressing conflicts of interest, using a case study of fraud committed by insurance agent Swita Glorite Supit from Sinarmas MSIG Life. Methodology: This study uses a descriptive qualitative approach. The research focuses on a real-life case involving Sinarmas MSIG Life, specifically examining governance practices and agent misconduct. No software was used, but the study is based on literature review, document analysis, and interpretation of agency theory principles in the context of a fraud case. Result: The findings reveal that information asymmetry and weak internal control systems are the root causes of agency-related issues. The analysis also highlights the importance of implementing good governance principles including transparency, accountability, and risk management to protect policyholders and uphold the reputation of the insurance industry Conclusions: The case of Swita Glorite Supit reflects a systemic failure in corporate and agency governance. The misconduct stems not only from individual actions but also from weak oversight, ineffective code of ethics implementation, and the lack of a strong ethical culture to prevent and detect fraud. Limitations: A limitation of the study is that it focuses on a single case and does not include quantitative data or perspectives from a broader range of agents or companies, which may affect generalizability. Contribution: This study contributes to the understanding of agency theory application in the financial services sector, particularly in insurance. It is useful for corporate governance practitioners, policymakers, insurance companies, and researchers in the fields of business ethics, governance, and risk management.
Measuring the achievements of smart economics in the smart village program in Lampung Province 2020-2024 Endriyon, Endriyon; Gunarto, Toto; Murwiati, Asih
Studi Ekonomi dan Kebijakan Publik Vol. 3 No. 1 (2024): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v3i1.5260

Abstract

Purpose: This study aims to measure the impact of Smart Village dimensions on rural community welfare in Lampung Province (2020–2024), with a particular focus on the Smart Economy pillar and its integration with digital transformation and technosociopreneurship. Research/methodology: A quantitative approach was employed using multiple linear regression (Ordinary Least Squares) on data collected from 70 Smart Village locations across four districts in Lampung. The independent variables included six Smart Village dimensions: Smart People, Smart Governance, Smart Mobility, Smart Environment, Smart Living, and Smart Economy. The dependent variable was community welfare. Instrument testing and classical assumption tests (normality, multicollinearity, heteroscedasticity, and autocorrelation) were conducted to validate the model. Results: All six Smart Village dimensions showed a significant positive influence on community welfare. The Smart People dimension had the strongest effect (coefficient = 0.8489). The regression model demonstrated high explanatory power (R² = 0.9535) and satisfied all classical assumptions. Notably, Smart Economy initiatives—such as MSME digitalization, inclusive market access, and technology-based entrepreneurship—directly contributed to increased income, employment opportunities, and local economic growth. Conclusions: The application of Smart Village principles, particularly in economic transformation, significantly enhances rural welfare. Digital innovation, governance quality, and community capacity-building are critical drivers of inclusive development and service improvement. Limitations: The study is limited to Lampung Province and lacks comparative data from other regions. It also does not assess long-term or behavioral impacts. Contribution: This research provides empirical support for Smart Village policies, guiding investments in digital infrastructure, entrepreneurship training, and multi-stakeholder collaboration for rural development.
Analysis of the Basic Sector and the Contribution of Economic Sectors to Economic Growth in the City of Jayapura Tame, Yusuf Serang; Marlissa, Elsyan R; Ngutra, Risky Novan
Studi Ekonomi dan Kebijakan Publik Vol. 3 No. 1 (2024): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v3i1.5261

Abstract

Purpose: Economic development is a structured effort to manage resources in order to improve community welfare. This study aims to: (1) analyze the contribution trends of each economic sector to Jayapura City's GRDP from 2019 to 2023; (2) identify the sector with the highest contribution during this period; and (3) determine which sectors serve as base (leading) sectors using Location Quotient (LQ) analysis. Research methodology: The study applies descriptive analysis and the LQ method by comparing the share of each economic sector in Jayapura City to that in Papua Province. Secondary data from 2019 to 2023 was analyzed to assess sectoral performance and identify strategic sectors for regional development. Results: The findings show that the top contributing sectors are Construction (24.39%), Wholesale and Retail Trade including Motor Vehicle and Motorcycle Repair (17.97%), and Government Administration, Defense, and Mandatory Social Security (10.87%). These three sectors together contribute more than 50% to Jayapura’s total GRDP. Sectors with LQ > 1—such as Construction, Financial Services, and Information and Communication—are considered base sectors, indicating they produce beyond local needs and drive economic growth. Conclusion: Jayapura City’s economic structure is dominated by a few key sectors that play a central role in development planning and economic resilience. Limitation: This research is limited to Jayapura City and does not analyze comparative or qualitative dimensions, such as employment quality or policy impact. Contribution: The study supports regional planning by providing an empirical foundation to prioritize investments and policy in high-performing and base sectors.
Analysis of work life balance, job satisfaction and its effect on the performance of employees of the General Bureau of the Regional Secretariat of the Riau Islands Province Ngaliman, Ngaliman; Catrayasa, I Wayan; Khairil, Khairil
Studi Ekonomi dan Kebijakan Publik Vol. 3 No. 2 (2025): Januari
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v3i2.5278

Abstract

Purpose: This study analyzes the influence of work-life balance, work environment, and workload on performance through job satisfaction as a mediating variable on employees of the General Bureau of the Regional Secretariat of the Riau Islands Province. Methodology/approach: A quantitative method was used with SEM-PLS analysis on data collected from 120 employees of the General Bureau, Riau Islands Provincial Secretariat. Results: Using primary data from 120 employees, this study found that work-life balance and workload have a significant influence on performance through the results of the path coefficient, meaning that the job satisfaction variable can mediate the influence of endogenous variables of work-life balance and workload on the performance variable. This can be explained by the fact that with the mediation of job satisfaction, when there is an increase in work-life balance and workload, employee performance will increase. Conclusions: Improving job satisfaction enhances performance, especially when managing workload and work-life balance. Limitations: The study is limited to one public institution and excludes factors such as leadership and compensation. Contribution: This study highlights the importance of job satisfaction as a mediator to improve employee performance in the public sector.
Analisis Potensi Pendapatan Jasa Giro atas Belanja Modal DKI Jakarta Puspaningtyas, Caecilia; Raymondra, Lukas Surya; Ramadhani, Amira Putri; Ardhani, Naila Fidelya; Siregar, Hilda Octavana
Studi Ekonomi dan Kebijakan Publik Vol. 4 No. 1 (2025): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v4i1.4976

Abstract

Purpose: This study aims to explore the potential of increasing regional revenue through effective cash management of capital expenditures by withholding cash for value-added tax until the due dates on bank accounts. This analysis also compares the projected potential interest revenue with the actual interest income received by the DKI Jakarta Province to assess its contribution to the local revenue. Methodology/approach: This study used quantitative descriptive methods. The data used in this study are secondary data from DKI Jakarta Province’s Statement of Budget Realization in 2019-2023, especially the Capital Expenditure section. This study also uses the annual interest rate from the Central Bank of Indonesia to calculate the potential of interest revenue. The projection tool used in this study is the Compound Annual Growth rate (CAGR) using Microsoft Excel. Results: The results of this study indicate that revenue generated through cash management of capital expenditure has the potential to increase the local government’s revenue; however, its contribution to the interest income section remains relatively insignificant. Conclusion: Increasing the local government’s capital expenditure increases the potential for earning interest income. Limitations: The limitation of this study lies in its focus, which is restricted to exploring the potential of value-added tax related to capital expenditure.  Contribution: This study may provide stakeholders with the information necessary to manage their cash revenue and increase it with interest income, address the gap in the literature on regional revenue diversification strategies, and contribute to the fields of public policy and financial management.
Analysis of determinants of renewable energy consumption in Indonesia Wijayanti, Desi; Suparta, I Wayan; Marselina, Marselina
Studi Ekonomi dan Kebijakan Publik Vol. 3 No. 2 (2025): Januari
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v3i2.5416

Abstract

Purpose: This study aims to examine the determinants of renewable energy consumption in Indonesia, focusing on Gross Domestic Product (GDP), energy subsidies (SUB), urban population (POPs), and carbon dioxide (CO?) emissions over the period 1990–2023. Research methodology: A quantitative descriptive approach is applied using time series data from 1990 to 2023. The analysis combines the Error Correction Model (ECM) to capture short-term dynamics and long-term equilibrium, and Ordinary Least Squares (OLS) regression for estimating the relationships between variables. Results: In the short term, GDP and urban population exhibit a positive but insignificant effect on renewable energy consumption, while energy subsidies have a negative and significant effect. CO? emissions show a positive and significant effect. In the long term, GDP and CO? emissions maintain a positive and significant impact, energy subsidies remain negative and significant, and urban population continues to have a positive but insignificant influence. Simultaneous testing confirms that GDP, energy subsidies, urban population, and CO? emissions collectively influence renewable energy consumption in Indonesia. Conclusions: The findings highlight the importance of economic growth and environmental pressures in driving renewable energy use, while energy subsidies negatively impact its adoption. Limitations: The study is limited to four independent variables and does not account for technological innovation or policy changes beyond energy subsidies. Contribution: This research provides empirical evidence for policymakers to design strategies promoting renewable energy consumption, emphasizing economic growth, emission control, and subsidy reform.
Peran Balanced Scorecard Terhadap Peningkatan Kinerja Organisasi di Sektor Publik: Studi Literatur Nababan, Rohani Risnauli; Syahidah, Silke; Sudrajat, Sayidati Rahmatut Salitsa; Mirza. BR, Aryan Danil
Studi Ekonomi dan Kebijakan Publik Vol. 4 No. 1 (2025): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v4i1.3345

Abstract

Purpose: This study explores the role of BSC in improving both financial and non-financial organizational performance in public sector organizations. Methodology/approach: This qualitative research employs a literature study method and utilizes secondary data sources from various studies, including articles and books obtained from Google Scholar. Results/findings: The Balanced Scorecard (BSC) plays a very important role because it can help organizations improve their performance and realize better organizational governance. With proper and strategic implementation, the BSC helps organizations align goals and activities at all levels, increase accountability and transparency, and improve stakeholder satisfaction. Therefore, the BSC is not only a performance measurement tool but also a strategic management framework that drives continuous improvement and organizational effectiveness, making it highly relevant for public sector organizations seeking to enhance performance and effectively achieve their goals. Conclusion: The Balanced Scorecard (BSC) is an effective strategic tool for public sector organizations to enhance accountability, transparency, and overall performance. Despite implementation challenges, its benefits outweigh the difficulties, making the BSC a valuable framework for aligning vision, mission, and organizational goals toward more efficient and effective management. Limitations: The research uses a literature study method, so there is a possibility that there is a gap with the world of practice. Contribution: This study contributes to the performance literature, particularly in public sector organizations.

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