cover
Contact Name
Novianita Rulandari
Contact Email
journal@idscipub.com
Phone
+6282115151339
Journal Mail Official
journal@idscipub.com
Editorial Address
https://journal.idscipub.com/moneta/about/editorialTeam
Location
Kota adm. jakarta pusat,
Dki jakarta
INDONESIA
Moneta : Journal of Economics and Finance
ISSN : -     EISSN : 30308666     DOI : https://doi.org/10.61978/moneta
Core Subject : Economy,
Moneta : Journal of Economics and Finance with ISSN Number 3030-8666 (Online) published by Indonesian Scientific Publication, published original scholarly papers across the whole spectrum of economics and finance. The journal attempts to assist in the understanding of the present and potential ability of accounting to aid in the recording and interpretation of international economic transactions and taxation practices.
Articles 5 Documents
Search results for , issue "Vol. 3 No. 4 (2025): October 2025" : 5 Documents clear
The Effect of Return on Assets, Current Ratio, Debt to Equity Ratio, and Company Size on Firm Value : A Study on Telecommunications Sub-Sector Companies in Indonesia Kroy, Monica; Desmiza
Moneta : Journal of Economics and Finance Vol. 3 No. 4 (2025): October 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/moneta.v3i4.726

Abstract

This research examines the worth of businesses in Indonesia's telecommunications industry, a crucial area of the economy that has seen considerable expansion. Changes in company value within this field, frequently tied to fluctuating stock prices, prompt inquiries into the key factors at play. The aim of this research is to evaluate how return on assets (ROA), cash-to-assets ratio (CR), debt-to-equity ratio (DER), and company size affect the value of telecommunications firms listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. Employing a descriptive associative quantitative method, this study investigates panel data from 12 telecommunications firms chosen using purposive sampling from a total of 22. Panel data regression analysis was performed utilizing EViews 13 software. The findings reveal that return on assets (ROA) has a meaningful positive effect on company value. In contrast, the debt-to-equity ratio (DER) significantly harms company value. The liquidity ratio (CR) and company size, however, do not exhibit significant partial impacts. Overall, ROA, CR, DER, and company size do affect firm value. This research concludes that ROA and capital structure (DER) are vital elements in influencing the worth of telecommunications companies. It is recommended that these companies enhance ROA through efficient asset use and effectively manage DER to boost investor trust and company value in a competitive environment.
Fiscal Transfers and the Persistence of Regional Inequality: A Critical Review of Indonesia's Intergovernmental Funding System Paulina; Adiawaty, Susi
Moneta : Journal of Economics and Finance Vol. 3 No. 4 (2025): October 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/moneta.v3i4.822

Abstract

This study critically examines the effectiveness of Indonesia’s intergovernmental fiscal transfer mechanisms primarily the General Allocation Fund (DAU) and the Special Allocation Fund (DAK) in addressing persistent regional inequality since the implementation of the post Otonomi Daerah decentralization reforms. The research aims to assess whether these fiscal instruments have fulfilled their redistributive mandate and to identify structural and governance related barriers that limit their impact. Employing a mixed-method approach with secondary data, the study analyzes fiscal gaps, transfer effectiveness, and regional disparities. The analysis combines statistical indices (Gini coefficient, Theil index) with case studies from West Sumatra, East Java, and Eastern Indonesia, complemented by international comparisons and policy evaluations. The findings show that DAU and DAK have expanded fiscal flows to poorer regions but remain constrained by formulaic designs that overlook socio-economic diversity. Administrative inefficiencies, weak planning capacity, and limited accountability reduce fund utilization. Comparative international models suggest alternatives through performance-based and needs-responsive allocation formulas. In conclusion, Indonesia's fiscal transfer framework must evolve from a volume based to an outcome driven model. By incorporating equity sensitive criteria, decentralizing planning autonomy, and strengthening transparency, fiscal transfers can transition from redistributive tools to transformative instruments that narrow regional inequality and foster inclusive national development.
Valuing Urban Agriculture in Indonesia: Cultural Ecosystem Services and Willingness to Pay in Rapidly Urbanizing Cities Puspitasari, Ratih Hesty Utami
Moneta : Journal of Economics and Finance Vol. 3 No. 4 (2025): October 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/moneta.v3i4.827

Abstract

Urban agriculture (UA) is increasingly recognized as a vital strategy for enhancing urban resilience, social equity, and ecological sustainability, particularly in rapidly urbanizing regions such as Indonesia. This study aims to evaluate the willingness to pay (WTP) for urban ecosystem services, with a particular focus on cultural and provisioning services delivered by UA in Indonesian cities. Using the Contingent Valuation Method (CVM), a structured survey was administered to assess public preferences and economic valuation of UA benefits. Logistic regression analysis was employed to identify the socio economic predictors of WTP. In addition, qualitative literature and comparative case studies were integrated to contextualize valuation findings within broader socio political and environmental frameworks. The results reveal strong public support for UA, with higher WTP values associated with cultural ecosystem services, particularly those linked to heritage, aesthetics, and community identity. Key predictors of WTP include income, education, environmental concern, and prior exposure to UA. Furthermore, regional differences highlight the role of cultural and policy contexts in shaping valuation outcomes. Discussion emphasizes the methodological limitations of CVM in capturing intangible values and advocates for mixed methods approaches that incorporate ethnographic and participatory tools. International case studies from cities such as Medellín, Bangkok, and Shanghai provide policy insights for effective UA integration, highlighting the importance of inclusive planning, cross sector collaboration, and legal recognition of UA practices. In conclusion, UA offers a multidimensional solution to urban challenges in Indonesia, providing environmental, cultural, and social co benefits. The study recommends embedding UA into participatory urban planning and leveraging valuation data to support equitable policy design.
Financial Inclusion, Stability, and Governance in the Era of Digital Currencies Satoto, Eko Budi; Qomariah, Nurul; Yandari, Aprilya Dwi
Moneta : Journal of Economics and Finance Vol. 3 No. 4 (2025): October 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/moneta.v3i4.929

Abstract

Digital currencies, including Central Bank Digital Currencies (CBDCs), cryptocurrencies, and stablecoins, are reshaping global financial systems, raising questions about efficiency, inclusion, stability, and regulation. This study aims to provide a narrative review of the opportunities and regulatory impacts of digital currencies within both advanced and emerging economies. Relevant literature was collected from major databases, including Scopus, Web of Science, Google Scholar, IEEE Xplore, and PLOS ONE. Selection emphasized relevance, quality, and contribution to technological, economic, and policy discussions. The results show that CBDCs offer opportunities to enhance financial inclusion and reduce transaction costs, while also strengthening monetary policy effectiveness. Cryptocurrencies and blockchain-based systems have demonstrated efficiency in cross-border transactions but also exhibit volatility and speculative behavior that challenge traditional financial theories. Regulatory frameworks and governance emerge as central issues, with evidence that clear, harmonized, and innovation-friendly regulations accelerate adoption, whereas restrictive policies hinder development. Global comparisons reveal that advanced economies emphasize monetary policy and stability, while developing economies prioritize inclusion. Systemic factors such as infrastructure, literacy, and governance strongly influence adoption outcomes. The findings underscore the urgency of adaptive regulation, international cooperation, and public education as strategies to maximize benefits while mitigating risks. Future research should explore sociopolitical and behavioral aspects, long-term systemic impacts, and regional variations to advance a comprehensive understanding of digital currencies. These insights provide critical guidance for policymakers and financial institutions navigating the digital transformation of money.
Inflation, Monetary Policy, and Systemic Risks: Global Insights from the Post-Crisis Era Setiadi
Moneta : Journal of Economics and Finance Vol. 3 No. 4 (2025): October 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/moneta.v3i4.930

Abstract

The dynamics of inflation and monetary policy between 2008 and 2025 have been shaped by unprecedented global crises, including the financial crisis, the COVID-19 pandemic, and recurrent energy and commodity shocks. This study aims to synthesize global lessons on how inflation evolves under these conditions and how central banks have responded with both conventional and unconventional policies. The methodology employed a structured narrative review, drawing from Scopus, Google Scholar, Web of Science, JSTOR, and complementary databases. Keywords such as “inflation dynamics,” “monetary policy,” “COVID-19,” “supply shock,” and “economic recovery” guided the search. Inclusion criteria focused on peer-reviewed studies addressing the intersection of inflation and policy during the designated period. The results highlight four key themes. First, external shocks such as energy and food price volatility strongly influence inflation, with greater vulnerability observed in open economies. Second, monetary policy effectiveness varies: advanced economies relied on interest rate adjustments and unconventional tools, while developing economies faced structural limits in transmission. Third, fiscal-monetary coordination enhanced stability, whereas uncoordinated responses fueled uncertainty and inflationary persistence. Finally, public attention and expectations significantly shaped inflation outcomes, limiting the scope of communication strategies. The discussion situates these findings within broader systemic factors including globalization, market structures, and geopolitical risks, underscoring the need for adaptive and credible policy frameworks. This study concludes that future resilience requires strengthening central bank independence, improving coordination, and integrating global risk analysis. Such measures are critical for sustaining price stability in an era of persistent global volatility.

Page 1 of 1 | Total Record : 5