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Contact Name
Agus Eko Sujianto
Contact Email
garuda@apji.org
Phone
+6285234635471
Journal Mail Official
agusekosujianto@gmail.com
Editorial Address
CV. Cahaya Abadi Publisher Jalan H.O.S Cokroaminoto No. 59A, Pare, Kediri, East Java INDONESIA
Location
Kota kediri,
Jawa timur
INDONESIA
Indonesian Economic Review
Published by CV. Cahaya Abadi
ISSN : -     EISSN : 27748073     DOI : 10.53787
Core Subject : Economy, Science,
Fokus pada karya tulis ilmiah yang berkaitan dengan pembangunan perekonomian Indonesia dan kaitannya dengan perekonomian dunia yang meliputi analisis kritis terhadap isu-isu pembangunan ekonomi, pembangunan ekonomi lokal, pembangunan ekonomi masyarakat, pertumbuhan ekonomi, ekonometrika, kebijakan ekonomi, perdagangan dan keuangan internasional, fiskal dan kebijakan moneter, ekonomi kesejahteraan, ekonomi Islam, ekonomi regional, akuntansi, manajemen, integrasi ekonomi, ekonomi pariwisata dan kebijakan pembangunan mengenai Usaha Kecil dan Menengah.
Articles 107 Documents
The Effect of Leverage, Sales Growth, and Corporate Governance on Financial Distress in Property and Real Estate  Sector Companies Listed on the IDX for the 2020-2024 Period Musdeki Mulya; Khadijah Nurani
Indonesian Economic Review Vol. 6 No. 1 (2026): February : Indonesian Economic Review
Publisher : Cahaya Abadi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v6i1.108

Abstract

This study aims to examine the magnitude of the effect of leverage, sales growth, and corporate governance on financial distress in property and real estate sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. This research employs a quantitative approach using numerical data, starting from data collection to the presentation of research results, derived from secondary data in the form of companies’ financial statements for the 2020–2024 period. The sample consists of nine companies. Data analysis techniques include descriptive statistical analysis, classical assumption tests, panel data regression analysis, model selection tests using the Chow test, Hausman test, and Lagrange Multiplier test, hypothesis testing, and coefficient of determination analysis, conducted using EViews version 13. Based on the model selection results, the Random Effect Model is applied in this study. The findings indicate that, partially, leverage does not have a significant effect on financial distress, with a significance value of 0.7096 and a t-statistic of −0.374990. Sales growth has a significant effect on financial distress, with a significance value of 0.0023 and a t-statistic of 3.245622, indicating that changes in sales growth influence the financial distress condition of companies. Meanwhile, corporate governance does not have a significant effect on financial distress, with a significance value of 0.0924 and a t-statistic of 1.722942. Simultaneously, leverage, sales growth, and corporate governance have a significant effect on financial distress, with a significance value of 0.003637 and an F-statistic of 5.265885.
The Effect of Return on Assets, Current Ratio, and Debt-to-Equity Ratio on Stock Prices: A Case Study of Food and Beverage Sub-Sector Companies Listed on the Indonesia Stock Exchange (2020–2024) Anita Triana; Tartila Devy
Indonesian Economic Review Vol. 6 No. 1 (2026): February : Indonesian Economic Review
Publisher : Cahaya Abadi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v6i1.109

Abstract

This study emphasizes the association between corporate financial conditions and share valuation within the food and beverage processing sector listed on Indonesia’s capital market over the past five years by drawing upon documented data derived from audited annual reports, yielding a total of 115 observational records from twenty-three selected firms; the information was examined through data profiling, model feasibility assessment, and relational modeling supported by statistical software. The findings indicate that the capacity of assets to generate earnings does not exhibit a meaningful linkage with stock movements, suggesting that profit magnitude is not invariably a primary consideration for market participants, whereas excessive short-term fund availability demonstrates an inverse tendency, implying perceived inefficiency due to idle resources lacking productive allocation, while the proportional balance between liabilities and equity likewise fails to reveal a pronounced connection with value shifts. Nevertheless, when these elements are evaluated collectively, a substantive relationship with stock price volatility becomes apparent, accounting for more than half of the variation in market value, with the remainder presumably attributable to other determinants beyond the scope of this discussion.
The Influence of Influencer Marketing on the Interest in Purchasing MSME Products in Southeast Aceh Roezaini Soefi; Nasruddin Nasruddin; Sopira Qori Amalia
Indonesian Economic Review Vol. 6 No. 1 (2026): February : Indonesian Economic Review
Publisher : Cahaya Abadi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v6i1.110

Abstract

This study aims to analyze the influence of influencer marketing on the purchase intention of MSME products in Southeast Aceh Regency. Amidst the aggressive internet penetration in Aceh Province, reaching 90%, local MSME actors still face challenges in transforming conventional promotional strategies into digital platforms. Using a quantitative approach, data were collected through questionnaires from 100 respondents selected via purposive sampling. Data analysis was conducted using simple linear regression through SPSS software. The results show that influencer marketing has a positive and significant effect on purchase intention (p < 0.05), with a coefficient of determination (R 2 ) of 0.526. This indicates that 52.6% of the variability in consumer purchase intention in Southeast Aceh is triggered by the credibility and attractiveness of public figures on social media. These findings confirm that collaboration with local influencers who understand regional authenticity values is a crucial strategy to expand MSME market access in buffer zones. The practical implications suggest that local governments and business actors strengthen the digital marketing ecosystem through community-based branding training.
Analysis of the Influence of Competence and Motivation on Employee Performance through Work Discipline as an Intervening Variable Resi Zelfi Evany; Djatmiko Noviantoro; Sari Sakarina
Indonesian Economic Review Vol. 6 No. 1 (2026): February : Indonesian Economic Review
Publisher : Cahaya Abadi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v6i1.111

Abstract

This study aims to analyze the influence of competence and work motivation on employee performance with work discipline as an intervening variable. The study used a quantitative approach with a survey method by distributing questionnaires to employees. The study population was all 135 employees with a census sampling technique. Data were analyzed using path analysis to determine the direct and indirect effects between research variables. The variables studied included competence, work motivation, work discipline, and employee performance. The results showed that competence and work motivation had a significant effect on work discipline. Work motivation and work discipline were also proven to have a significant effect on employee performance, while competence had a relatively weak effect on performance. In addition, work discipline was proven to be able to mediate the influence of competence and work motivation on employee performance. The findings of this study indicate that increasing competence and work motivation will be more effective in improving employee performance if supported by a good level of work discipline. This study provides an empirical contribution to the development of human resource management studies, particularly regarding the role of work discipline as an intervening variable in the relationship between competence, work motivation, and employee performance.
Model of the Influence of Training and Discipline on Karate Athletes' Achievement with Motivation as an Intervening Variable Agustus Agustus; Edizal Edizal; Sari Sakarina
Indonesian Economic Review Vol. 6 No. 1 (2026): February : Indonesian Economic Review
Publisher : Cahaya Abadi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v6i1.112

Abstract

This study aims to analyze the effect of training and discipline on motivation and its implications for the athletic performance of karate athletes at the Banyuasin Regency Youth, Sports, and Tourism Office. The study uses a quantitative approach with a causality design. The study population consisted of 52 karate athletes, and the entire population was sampled using a census method. Data collection was conducted through a questionnaire with a five-point Likert scale that measures the variables of training, discipline, motivation, and athlete performance. Data analysis used the Partial Least Square (PLS) method with the help of the SmartPLS application through outer model and inner model testing. The results showed that training and discipline had a positive and significant effect on athlete motivation. In addition, training and discipline also have a positive and significant effect on the athletes' performance. Motivation was found to have a positive and significant effect on the athletes' performance and was able to mediate the effect of training and discipline on the karate athletes' performance. The findings of this study emphasize the importance of improving the quality of training programs, implementing consistent discipline, and strengthening the athletes' motivation to optimize their athletic performance.
From Social Assistance to Disaster Insurance Schemes: The Evolution of Financing Policy Disaster Risk from the Perspective of Narrative Literature Review Pristiwanto Bani
Indonesian Economic Review Vol. 6 No. 1 (2026): February : Indonesian Economic Review
Publisher : Cahaya Abadi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v6i1.113

Abstract

Natural disasters are a significant source of fiscal risk for developing countries, including Indonesia, which has a high level of disaster vulnerability. So far, disaster financing in Indonesia remains dominated by a post-disaster social assistance approach that is reactive and depends on the State Revenue and Expenditure Budget (APBN). This approach has limitations: it can increase fiscal pressures and does not provide a long-term risk-management mechanism. This study aims to analyze the evolution of disaster risk financing policies from a social assistance approach to a disaster insurance scheme, and to formulate an integrative model of disaster risk financing relevant to Indonesia. The research uses the Narrative Literature Review (NLR) method by examining academic literature, international policy reports, and regulations related to disaster risk financing for the period 2016–2025. The results of the study show that the evolution of disaster financing policies comprises three main phases: the social assistance approach, the hybrid approach based on risk layering, and the development of disaster insurance schemes, including parametric insurance. The risk-layering approach enables more efficient risk sharing through risk retention, risk transfer, and risk-sharing mechanisms. This study proposes an integrative model of disaster risk financing consisting of government reserve funds, compulsory property insurance in high-risk areas, national and international reinsurance, and the use of capital market instruments such as catastrophe bonds to strengthen fiscal resilience and post-disaster financing stability.
The Effect of Interest Rates, Non-Performing Loans (NPL), and Company Size on The Financial Performance (ROA) of PT Bank Rakyat Indonesia (Persero) Tbk for The Period 2014-2024 Dominika Dora Soge; Iman Lubis
Indonesian Economic Review Vol. 6 No. 1 (2026): February : Indonesian Economic Review
Publisher : Cahaya Abadi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v6i1.98

Abstract

This study was conducted to determine the effect of interest rates, non-performing loans (NPLs), and company size on the financial performance of PT Bank Rakyat Indonesia (Persero) Tbk during the period 2014–2024. In this study, financial performance was proxied using return on assets (ROA) as an indicator of a company's ability to utilize its assets to generate profits. The method used is a quantitative approach with an associative research type. The research data consisted of secondary data sourced from the annual financial reports of PT Bank Rakyat Indonesia (Persero) Tbk, Bank Indonesia publications, and various other official sources relevant to the observation period. Data analysis was performed through descriptive statistics, classical assumption testing, and multiple linear regression to assess the effect of independent variables on dependent variables, both partially and simultaneously. This study is expected to provide empirical evidence on the factors that influence banking financial performance, particularly those related to changes in interest rates, credit risk levels, and company size. In addition, the results of this study are expected to be taken into consideration by management in strategic decision-making and to serve as a reference for investors, regulators, and future researchers in the field of financial management and banking.
Nexus Between Monetary Instruments and Bank Credit Distribution: Evidence from ASEAN Countries Rani Septiani; Dwi Wulandari; Bagus Shandy Narmaditya; Putra Hilmi Prayitno
Indonesian Economic Review Vol. 2 No. 1 (2022): February : Indonesian Economic Review
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v2i1.1

Abstract

The aim of this study was to examine the relationship between monetary indicators and bank credit distribution, including inflation, interest rate, and exchange rate in seven ASEAN countries namely Brunei, Indonesia, Philippine, Malaysia, Singapore, Thailand, and Vietnam. This study applied a quantitative approach by engaging multiple regression analysis with panel data using cross-section data from 2012 to 2018. The data in this research was secondary data which gathered from the World Bank website. The findings of this study showed that inflation and interest rate had a negative influence on bank credit distribution, while the exchange rate had a positive effect on bank credit distribution. The study’s result also showed that variable inflation, interest rate, and the exchange rate had a simultaneous effect on bank credit distribution in seven ASEAN countries. These results suggest that for the policy makers in each ASEAN country should be able to consider a lending regulation.
Financial Technology, Transaction Efficiency and Financial Satisfaction: The Mediating Role of Financial Achievement Ariel Lisna Al Syahrani; Agus Eko Sujianto; Nur Aini Latifah; Sulaiman Hasan Sulaiman
Indonesian Economic Review Vol. 2 No. 1 (2022): February : Indonesian Economic Review
Publisher : Cahaya Abadi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v2i1.2

Abstract

Financial technology has emerged as a powerful platform for financial activities and transactions. This study aims to investigate the role of financial technology in explaining financial satisfaction and transaction efficiency. This research also highlights the mediating role of financial achievement in its relation to financial technology, transaction efficiency, and financial satisfaction. This study adopted a quantitative study undergoing a path analysis. The research sample was approximately 250 students, which was determined purposively at the Islamic Economics Department of IAIN Tulungagung. The underlying rationale is that the course provided in the department focused on the micro and macroeconomics and the financial industry today. The findings of this study indicate that financial technology plays a crucial role in affecting transaction efficiency, financial achievement, and financial satisfaction. The study also confirms the act of financial achievement in mediating the relationship between financial technology and financial satisfaction as well as financial technology and transaction efficiency.
Zakah as Intervening Variable in Enhancing Sharia Bank in Indonesia Fitri Andriyani; Muniri Muniri; Dede Nurohman
Indonesian Economic Review Vol. 2 No. 1 (2022): February : Indonesian Economic Review
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v2i1.3

Abstract

The purpose of this study aims to reveal confidence in Islamic financial institutions as an institution that operates based on sharia principles to provide public welfare with four disclosure indicators, namely Islamic corporate social responsibility, Islamic corporate governance, zakah funds, and financial performance. This study elaborated path analysis calculations to gain a deep understanding on the provided issues. The population in this study included data on the publication of annual financial reports on Islamic banks in Indonesia which are registered with the Financial Services Authority (OJK) with a total of 14 Islamic banks, while the samples were selected according to the provisions of the purposive sampling method. The findings of this study indicate that partially Islamic, corporate social responsibility, Islamic corporate governance, and zakah funds have a positive and significant effect on financial performance. Also, Islamic corporate social responsibility and Islamic corporate governance have a positive and significant effect on financial performance through zakah funds.

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