ETIKONOMI
Etikonomi is a peer-reviewed journal on Economics, Business and Management by Faculty of Economic and Business State Islamic University (UIN) Syarif Hidayatullah Jakarta.
FOCUS
This journal focused on economics, business, and management studies and present developments through the publication of articles, research reports, and book reviews.
SCOPE
Etikonomi specializes on Economics, Business, and Management, and is intended to communicate original research and current issues on the subject. This journal warmly welcomes contributions from scholars of related disciplines.
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Enterprise Risk Management Implementation Maturity in Non Bank and Financial Companies
Subagio Tjahjono
ETIKONOMI Vol 16, No 2 (2017)
Publisher : Faculty of Economic and Business
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DOI: 10.15408/etk.v16i2.5440
Previous studies of ERM implementation mostly using dummy variable to figure out relation with its determinant. Until today, studies that using risk management maturity as real variable are limited. Therefore, this study intends to determine the maturity level of ERM implementation in non-financial companies listed on Indonesia Stock Exchange during period 2015 and influence of firm’s total assets, total employee, leverage and public ownership to the ERM maturity. The method use are qualitative and multiple regression analysis. The result of data analysis showed that ERM implementation in selected sample during 2015 are still low (majority in initial and repeatable level). In addition, from determinant factors only total asset that have significant influence to the ERM maturity. This result implies that non-financial listed companies are vulnerable to risks. Management should consider future benefit of a mature ERM, not only to comply with regulation.DOI: 10.15408/etk.v16i2.5440
Attitudes of Consumers Towards Islamic and Conventional Credit Cards in Indonesia
Sylva Alif Rusmita;
Shochrul Rohmatul Ajija
ETIKONOMI Vol 16, No 2 (2017)
Publisher : Faculty of Economic and Business
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DOI: 10.15408/etk.v16i2.5519
This study aims to analyze the attitudes of consumers towards Islamic and conventional credit cards. Using online questionnaire survey data from 51 respondents in Surabaya, East Java, the study revealed that most consumers possessed credit cards because of their convenience factor, relationship with their existing bank, and card salesmen. Therefore, the sale is the most powerful way to invite the community to have an Islamic credit card. Many customers do not care whether their credit cards are Islamic based or not, as long as the salesman promoted cards to them and the cards are able to meet their personal needs, especially for sales and purchase transactions online, they will utilize the cards. The large number of Muslims in Surabaya should be a share of the lucrative market for Islamic credit cards. Therefore, the education about the Islamic manner of consumption and the dangers of usury should be promoted in Surabaya.DOI: 10.15408/etk.v16i2.5519
Islamic Banking and Empowerment of Small Medium Enterprise
Femei Purnamasari;
Arif Darmawan
ETIKONOMI Vol 16, No 2 (2017)
Publisher : Faculty of Economic and Business
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DOI: 10.15408/etk.v16i2.5355
This study explores the effectiveness of developing SMEs with role of Islamic Banking in Indonesia. The study also want to prove the role of Islamic banking to help SMEs in Indonesia based on data and research. Data analysis and methods that used in this study is descriptive statistical methods. Descriptive statistics will elaborate with some explanation data and can be figured by frequency distribution and center of distribution data. The result shows that development of SMEs regarding both the number of business units, employment, and financing from Islamic banking indicates a positive direction or increased significantly. In addition, the interaction between SMEs and Islamic banking is quite close relatively but need to be upgraded. The study only gives general overview and description about positive impact from Islamic banking mechanism to stimulate SMEs in Indonesia. The data and result provided still need to be discussed with more comprehensive literature and fact study on the ground.DOI:10.15408/etk.v16i2.5355
Determinant of The Corporate Social Responsibility Disclosure
Uun Sunarsih;
N. Nurhikmah
ETIKONOMI Vol 16, No 2 (2017)
Publisher : Faculty of Economic and Business
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DOI: 10.15408/etk.v16i2.5236
Corporate Social Responsibility (CSR) has a very important role for the company and now become an obligation for every company. The purpose of this study examined the effect of institutional ownership, board of commissioners, profitability and size on CSR disclosure. This research conducted at mining manufacturing companies listed in Indonesia Stock Exchange period 2013-2014 and obtained 76 sample companies. The method used is multiple regression analysis. The result showed only institutional ownership affecting CSR disclosure. This suggests institutional ownership structure can act in monitoring the company. Independent board has not effected on CSR, it failed to monitor the actions of top management. Profitability has not effected on the disclosure of CSR, it enabled the company to have two perspectives on CSR. The most companies view CSR as a deduction from earnings. CSR disclosure has not affect the size of the CSR disclosure area.DOI: 10.15408/etk.v16i2.5236
Starbucks’s Fair Trade in The Edge of Globalization
Saomi Rizqiyanto
ETIKONOMI Vol 16, No 2 (2017)
Publisher : Faculty of Economic and Business
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DOI: 10.15408/etk.v16i2.5546
Starbucks as a global company that reflect American values plays an important role in the trade of coffee industry. In February 2000, Starbucks partially adopted the Fair Trade and in early 2001 Starbucks fully adopt Fair Trade. This research seeks to examine the relationship between Starbucks as a symbol of globalization with Starbucks as a global corporation who adopt Fair Trade. This study also seeks to explain how any practical Starbucks Fair Trade as a whole and uncover the reasons behind Starbucks adopt Fair Trade. The research uses a case study method and using a primary and secondary reference sources in the form of books and journals. As a results, this study indicate that Starbucks has strong reasons that ultimately makes the company adopted the Fair Trade. The adoption of Fair Trade also known as CAFE Practices is apparently not spared from criticism of the observer of Fair Trade.DOI: 10.15408/etk.v16i2.5546
Efficiency of Financing in Sharia Cooperatives
Djaka Badranaya
ETIKONOMI Vol 16, No 2 (2017)
Publisher : Faculty of Economic and Business
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DOI: 10.15408/etk.v16i2.5437
Efficiency is one of the performance’s indicator in sharia cooperatives. This study uses data envelopment analysis (DEA) method to measure the efficiency of financing sharia cooperatives. DEA is one method of measuring efficiency using frontier analysis that has proven its use. Samples to be used are KJKS Kota Bambu Utara (KBU) and Kota Bambu Selatan (KBS). On average, KJKS KBU has a value high enough efficiency reached 98.7%. Meanwhile, KJKS KBS achieve 100% efficiency. This research has an important role in optimizing the efficiency of sharia cooperative, so that its presence can provide great benefits to society.DOI: 10.15408/etk.v16i2.5437
Religiosity and Entrepreneurial Intention
Buddi Wibowo
ETIKONOMI Vol 16, No 2 (2017)
Publisher : Faculty of Economic and Business
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DOI: 10.15408/etk.v16i2.4963
Religion and economic activities relationship is an evolving research topic in economics. Secular world-view usually put a side religiosity as just one of non-economic factors. However, religiosity is an important individual characteristic that has significant influence in shaping daily life decisions. Entrepreneurial intentions among undergraduates students need deeper study in order to reveal entrepreneurial intention formation model, intention determinant variables, how those variables interact each other, and how individual religiosity affect intention formation process and intention strength level. Based on Structural Equation Model, personal attitudes and social norms are the most important variables influencing entrepreneurial intentions, besides perceived behavioral control. These three variables are the most important entrepreneurial intentions determinant variable that direcly are influenced by personal beliefs about these factors. Religiosity plays an important role in entrepreneurial intention. Empirical test show that religious student group has stronger personal attitude towards entrepreneurial activity dan perceived behavior control compared to irreligious group.DOI: 10.15408/etk.v16i2.4963