cover
Contact Name
Mochamad Nashrullah
Contact Email
Nashrul.id@gmail.com
Phone
+6285745063538
Journal Mail Official
admin@antispublisher.com
Editorial Address
Kavling Banar, Pilang, Sidoarjo, Jawa Timur
Location
Kab. sidoarjo,
Jawa timur
INDONESIA
Journal of Economics and Economic Policy
Published by Antis Publisher
ISSN : -     EISSN : 30474892     DOI : https://doi.org/10.61796/ijecep.v1i3
Core Subject : Economy, Social,
The Journal of Economics and Economic Policy is a monthly publication at the forefront of economic scholarship, offering a diverse and comprehensive exploration of contemporary economic issues. With a commitment to excellence, the journal provides a platform for leading economists, researchers, and academics worldwide to share their innovative insights and cutting-edge research findings. Rigorously peer-reviewed, each issue covers a broad spectrum of economic disciplines, including macroeconomics, microeconomics, econometrics, international economics, and financial economics. The journals global perspective fosters an inclusive dialogue, addressing the interconnected challenges and opportunities facing economies across the world. Emphasizing a timely publication schedule, the International Journal of Economics ensures that readers stay informed about the latest advancements and policy implications, making it an indispensable resource for scholars, policymakers, and practitioners navigating the complexities of the ever-evolving economic landscape.
Articles 186 Documents
THE EFFECT OF CAPITAL STRUCTURE, INVESTMENT DECISION AND SALES GROWTH ON COMPANY VALUE Fitriyah, Nayla Rahmi; Aufa, M
Journal of Economic and Economic Policy Vol. 1 No. 3 (2024): Journal of Economic and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i3.37

Abstract

This study aims to analyze how the influence of capital structure, investment decisions, and sales growth on company value in Consumer Goods Sector Manufacturing Companies Listed on the Indonesia Stock Exchange in 2021-2023. The research approach used in this research is quantitative research with secondary data in the form of financial statement documentation. The technique of collecting funds with purposive sampling and the data analysis technique used in this research is multiple linear regression analysis which is processed using the SPSS version 25 program. The population in this study are Consumer Goods Sector Manufacturing companies listed on the Indonesia Stock Exchange in 2021-2023. This study realizes the need to focus on all aspects of financial reporting before deciding to invest, not only looking at increasing sales, but also at the level of capital management to produce good operational activities. From an investment perspective, investors need to consider aspects such as capital structure, investment decisions, and sales growth before deciding to invest in a company.
COMMODIFICATION OF RELIGION: BETWEEN RELIGION AND MANIPULATION (A LITERATURE REVIEW) Pujianto , Wahyu Eko; Yulianto, Mochamad Rizal; Hidayatulloh, Hidayatulloh
Journal of Economic and Economic Policy Vol. 1 No. 4 (2024): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i4.38

Abstract

Objective: This study investigates the current practices of religious commodification and their effects on religious authenticity, focusing on how commercialization impacts the spiritual integrity of religious values. Method: Employing a literature study approach, the research analyzed 53 articles selected from databases such as Google Scholar, ScienceDirect, ProQuest, JIM, and ResearchGate. These articles were drawn from an initial pool of 30,590 publications related to religious commodification, with 20 articles serving as the analytical framework. Results: The findings reveal that religious commodification is a manipulative practice aimed at material gain, often resulting in the erosion of spiritual values and the reduction of religion to a consumable commodity. This process undermines the sacredness of religious practices, transforming them into tools for societal and economic exploitation. Novelty: The study highlights that religious commodification is not merely a commercial phenomenon but a materialistic intrusion that challenges the foundational beliefs and authenticity of religious practices. This perspective underscores the need to reexamine the balance between spiritual and material elements in religious contexts. Future research should incorporate direct case studies to provide empirical insights into the nuanced practices of religious commodification, offering critical guidance for religious communities and policymakers
MASTERING THE MINERAL WATER MARKET: LE MINERALE SUCCESSFUL STRATEGY IN WINNING CONSUMERS HEARTS Firdaus , Dafa Akbar Anugrah; Febriansah , Rizky Eka; Pebrianggara, Alshaf
Journal of Economic and Economic Policy Vol. 1 No. 3 (2024): Journal of Economic and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i3.39

Abstract

General Background: Global warming and environmental damage are critical issues exacerbated by the use of non-environmentally friendly products. Specific Background: Le Minerale, a bottled water brand, is integrating green promotion, product innovation, and brand image to influence consumer behavior, highlighting the importance of studying their impact on purchasing decisions. Knowledge Gap: Despite the growing trend in sustainable marketing, limited research exists on how these specific factors affect consumer purchasing decisions for environmentally friendly products, particularly in the bottled water sector in Indonesia. Aims: This study aims to determine the role of green promotion, product innovation, and brand image on purchasing decisions for Le Minerale products in Sidoarjo, Indonesia. Results: Using a sample of 100 respondents, multiple linear regression analysis revealed that all three variables—green promotion, product innovation, and brand image—significantly and positively influence purchasing decisions. Novelty: The research highlights the direct link between green promotion campaigns and consumer decisions, emphasizing the importance of product innovation, particularly eco-friendly packaging, in enhancing brand image and driving purchase behavior. Implications: These findings suggest that environmentally conscious marketing strategies not only contribute to positive brand perceptions but also influence consumer choices in favor of sustainable products. Future research could expand the geographical scope and explore additional variables, such as price perception and product quality, to further understand purchasing behavior in different contexts.
HUMAN RESOURCE DEVELOPMENT STRATEGY IN ISLAMIC EDUCATIONAL INSTITUTIONS Aminullah, Sahlan Muhammad; Rindaningsih, Ida
Journal of Economic and Economic Policy Vol. 1 No. 3 (2024): Journal of Economic and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i3.40

Abstract

General Background: Human Resources (HR) are vital for the sustainability of educational institutions, serving as a critical factor in achieving educational goals. Specific Background: With the rapid changes in society and values, the need for high-quality HR has become increasingly pronounced, particularly in Islamic education where the teachings of Islam guide human development. Knowledge Gap: Research on effective management practices in education that align with Islamic principles, especially in the continuous development of educators, is limited. Aims: This study aims to explore the significance of effective human resource management in enhancing the quality of education in Islamic institutions, focusing on the development of educators and their adherence to Islamic values. Results: Through qualitative descriptive research involving interviews, observations, and documentation, findings reveal that robust HR management practices significantly improve educators' competencies, which in turn positively influence student outcomes and institutional effectiveness. Novelty: This research contributes new insights into the intersection of HR management and Islamic educational values, emphasizing the necessity for educators to adapt to contemporary challenges while remaining grounded in Islamic teachings. Implications: The findings underscore the importance of ongoing professional development for educators, suggesting that institutions prioritize HR strategies that foster alignment with Islamic principles to ensure sustainable educational success. The study also highlights the need for further exploration into the long-term impacts of these HR initiatives on student performance and the overall educational landscape in various Islamic contexts.
THE IMPACT OF GOOD CORPORATE GOVERNANCE, PROFITABILITY, AND OPERATING EFFICIENCY ON FINANCIAL PERFORMANCE (CASE STUDY ON BANKS LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2022-2023) Al Fauziah , Della; Hariyanto, Wiwit
Journal of Economic and Economic Policy Vol. 1 No. 3 (2024): Journal of Economic and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i3.41

Abstract

Background: This study investigates the interplay between Good Corporate Governance (GCG), profitability, and operational efficiency on the financial performance of banks listed on the Indonesian Stock Exchange (IDX) from 2022 to 2023. Specific Background: With increasing scrutiny on corporate governance and financial metrics in the banking sector, it is imperative to understand how these elements contribute to financial outcomes. Knowledge Gap: Despite existing literature on corporate governance and profitability, limited research addresses their collective impact on the financial performance of Indonesian banks, particularly concerning operational efficiency. Aims: This research aims to analyze the effects of GCG, represented by institutional ownership and board composition, alongside profitability (Return on Equity) and operational efficiency (BOPO ratio) on banks' financial performance (Return on Assets). Results: The findings reveal that institutional ownership and board composition do not significantly impact financial performance; however, profitability has a positive and significant effect, while operational efficiency negatively affects financial performance. Novelty: This study contributes uniquely by highlighting the critical role of profitability in enhancing financial performance, alongside the implications of operational efficiency management. Implications: The results provide essential insights for bank management to strategize for improved financial performance and suggest that regulators should emphasize implementing effective GCG frameworks. By shedding light on the factors influencing bank performance, this study aims to support policymakers in enhancing the stability and efficiency of Indonesia's banking sector.
GOOD CORPORATE GOVERNANCE ON CARBON EMISSION DISCLOSURE AND COMPANY PERFORMANCE Jannah , Etikakhul; Maryanti , Eny
Journal of Economic and Economic Policy Vol. 1 No. 3 (2024): Journal of Economic and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i3.42

Abstract

General Background: Climate change and carbon emissions have become pressing global concerns, requiring companies to adopt transparent carbon emission disclosure practices. Specific Background: In Indonesia, the impact of such disclosures on corporate financial performance, particularly in the manufacturing sector, is of growing interest. Corporate governance mechanisms, such as institutional ownership, independent boards of commissioners, and nationality diversity, may influence carbon emission disclosure practices. Knowledge Gap: Limited research has explored the combined influence of these governance variables on both carbon emissions disclosure and financial performance in Indonesia's food and beverage manufacturing sector. Aims: This study aims to analyze the effects of institutional ownership, independent boards of commissioners, and nationality diversity on carbon emissions disclosure and financial performance. Results: The results show that while institutional ownership has no significant effect on carbon emission disclosure or financial performance, both independent boards of commissioners and nationality diversity have a positive influence on carbon emission disclosure. Additionally, independent boards positively affect financial performance, while nationality diversity does not. Novelty: This study highlights the pivotal role of board independence and nationality diversity in promoting environmental transparency, revealing that institutional ownership does not play as crucial a role as expected in either carbon emission disclosure or financial performance. Implications: The findings suggest that enhancing board diversity and independence may improve corporate environmental practices, but more strategic oversight is needed to translate these practices into financial performance improvements.
THE INFLUENCE OF GOOD CORPORATE GOVERNANCE, FINANSIAL PERFORMANCE AND PROFITABILITY ON FIRM VALUE OF FOOD AND BEVERAGE SECTOR COMPANIES LISTED ON THE BEI 2020-2023 Rahmawati , Fadilla; Hariyanto, Wiwit
Journal of Economic and Economic Policy Vol. 1 No. 3 (2024): Journal of Economic and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i3.43

Abstract

General Background: The role of Good Corporate Governance (GCG), financial performance, and profitability is increasingly recognized in determining firm value, particularly in sectors with substantial consumer impact, such as food and beverage. Specific Background: This study evaluates managerial ownership, financial performance using DAR, profitability using ROA, and firm value using PBV. Knowledge Gap: Despite existing literature linking these variables, there remains a limited understanding of their combined effects on firm value within the Indonesian food and beverage sector. Aims: This research aims to analyze the influence of GCG, financial performance, and profitability on the firm value of food and beverage companies listed on the Indonesia Stock Exchange (BEI) from 2020 to 2023. Results: Utilizing a purposive sampling technique, 64 companies were analyzed using multiple linear regression. The findings indicate that GCG, financial performance, and profitability all positively and significantly influence firm value, underscoring the interconnectedness of these factors. Novelty: This study contributes to the literature by providing empirical evidence within the specific context of Indonesian food and beverage firms, filling a notable gap regarding the relationships between GCG, financial performance, profitability, and firm value. Implications: The results suggest that improving GCG practices, enhancing financial performance, and maximizing profitability are critical for increasing firm value. This study offers valuable insights for investors and company management, emphasizing the importance of robust corporate governance and effective financial management to foster long-term firm value growth. Further research is recommended to explore additional variables and broader contexts.
INTELLECTUAL CAPITAL RESEARCH TRENDS IN NON-PROFIT ORGANISATIONS: BIBLIOMETRIC ANALYSIS BASED ON SCOPUS DATA Faiza , Nur Hidayatul; Hermawan , Sigit
Journal of Economic and Economic Policy Vol. 1 No. 3 (2024): Journal of Economic and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i3.44

Abstract

This study explores the publication trends and impact of intellectual capital research within nonprofit organizations over the decade from 2014 to 2023. General Background: As the significance of intellectual capital in enhancing organizational performance becomes increasingly recognized, a deeper understanding of its application in nonprofit sectors is essential. Specific Background: Using bibliometric analysis, the research investigates 240 published articles from the Scopus database, focusing on the subjects of business management, economics, and social sciences. Knowledge Gap: While existing literature highlights the importance of intellectual capital, limited studies specifically address its implications in nonprofit contexts. Aims: The primary aim of this research is to identify trends, prominent authors, influential countries, and the overall landscape of intellectual capital publications in nonprofit organizations. Results: Findings indicate a significant increase in publications, with 87 articles published, predominantly by authors from the United States and Italy. Bontis emerged as the leading author with 115 citations in the Journal of Intellectual Capital. Novelty: This research employs VOSviewer software for bibliometric mapping, visualizing publication data and co-citation networks, thereby providing new insights into the research landscape. Implications: The outcomes of this study not only inform scholars about the trajectory of intellectual capital research in nonprofit organizations but also highlight potential areas for future inquiry, suggesting the need for exploration beyond the Scopus database to encompass broader perspectives from platforms like Web of Science and Google Scholar. This study ultimately contributes to the literature by underscoring the importance of intellectual capital in enhancing nonprofit organizational efficacy and encourages further investigation into this critical area.
RISK AND PROFIT ANALYSIS IN INVESTMENT DECISIONS ON AGGRESSIVE INVESTORS IN JAVA ISLAND IN 2020 AN EMPIRICAL STUDY ON THE INDONESIAN CAPITAL MARKET Wahbi, Abdul Azim; Syahrudi, Syahrudi; Sahrudin, Sahrudin
Journal of Economic and Economic Policy Vol. 1 No. 4 (2024): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i4.45

Abstract

Objective: This study examines the relationship between investment decisions, high-risk profiles, and medium-risk profiles with emotional anxiety among aggressive investors in Java during 2020, addressing the underexplored psychological dimensions of investor behavior. Method: Adopting a quantitative observational research design, the study utilized panel data comprising 20 observations from 7 cross-sections over the 2020–2022 period. Panel regression analysis was conducted to assess the impact of the variables on emotional anxiety, with data sourced from credible institutions to ensure reliability. Results: The findings indicate that investment decisions, high-risk profiles, and medium-risk profiles do not significantly influence the emotional anxiety of aggressive investors. A low R-squared value suggests that these variables account for only a small proportion of the observed variation in emotional anxiety. Novelty: This study provides fresh insights by highlighting the limited explanatory power of traditional financial and risk-related factors on emotional anxiety, suggesting the need to explore broader psychological and behavioral elements. These findings emphasize the importance of integrating emotional factors into risk management strategies, enabling policymakers and practitioners to better address investor resilience amidst market volatility. By focusing on the intersection of financial and psychological aspects, this research contributes to a nuanced understanding of aggressive investor behavior in the Indonesian capital market.
INVESTING IN INFORMATION TECHNOLOGY AND ITS IMPACT ON FINANCIAL PERFORMANCE Lafta, Salam Tariq; Al-Azma, Shadi
Journal of Economic and Economic Policy Vol. 1 No. 4 (2024): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i4.46

Abstract

Objective: This study investigates the impact of investment in information technology (IT) on the financial performance of private sector banks in Mosul, addressing the strategic importance of IT in organizational development. Method: Employing a descriptive-analytical approach, data were collected through an electronic questionnaire distributed to employees in three private banks, covering the period from August 1 to October 18, 2024. The study relied on statistical analysis, including correlation and regression techniques, to test the hypothesized relationships between IT investment and financial performance. Results: The findings reveal a statistically significant impact of IT investment on financial performance, with a computed F-value of 8.648 exceeding the tabular value of 4.089 at a significance level of 0.05. The correlation coefficient (0.431) indicates a strong positive relationship between IT adoption and financial outcomes, emphasizing IT’s critical role in enhancing bank performance. Novelty: This research contributes to the ongoing discourse on IT and productivity by providing empirical evidence from a developing economy, specifically in the banking sector. It underscores the necessity of creating robust IT infrastructure and optimizing IT resources to improve financial performance, offering valuable insights for both practitioners and policymakers in leveraging technology for competitive advantage in dynamic financial environments.