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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 115 Documents
OPERATING CASH FLOW DRIVES PROFIT STABILITY IN INDONESIAN MANUFACTURING Umam, Rifki Khairul; Tumirin, Tumirin
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.v1i3.33

Abstract

General Background: Profit persistence, reflecting a company’s ability to maintain consistent profits over time, is a crucial indicator of financial stability and long-term performance. Specific Background: In the context of manufacturing companies in the basic materials sector listed on the Indonesia Stock Exchange (IDX) for the period 2022-2023, various financial metrics, such as operating cash flow, company size, and leverage, potentially influence profit persistence. Knowledge Gap: Prior studies have not thoroughly explored the individual and combined effects of these financial variables on profit persistence within this specific sector and timeframe. Aims: This study aims to analyze the influence of operating cash flow, company size, and leverage on profit persistence in manufacturing firms within the basic materials sector listed on the IDX. Results: Utilizing a quantitative approach and multiple linear regression analysis through SPSS 25.0, the study finds that operating cash flow significantly affects profit persistence. In contrast, company size and leverage do not exhibit a significant individual impact on profit persistence. However, collectively, operating cash flow, company size, and leverage do influence profit persistence. Novelty: The study contributes to the existing literature by providing a detailed analysis of how specific financial metrics interact to affect profit persistence, with a focus on a narrowly defined sector and a relatively short observation period. Implications: The findings suggest that while operating cash flow is a critical factor in ensuring profit stability, company size and leverage may not independently influence profit persistence. Future research is recommended to extend the study period and include a broader range of sectors to enhance generalizability and explore additional variables that may impact profit persistence.
HOW INSTITUTIONAL OWNERSHIP DRIVES FINANCIAL PERFORMANCE WHILE LARGER FIRMS STRUGGLE Wulandari , Fischa Aditiyah; Suwarno, Suwarno
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.v1i3.34

Abstract

General Background: Financial performance is a critical aspect of company evaluation, influenced by various internal and external factors. In the context of emerging markets, such as Indonesia, understanding the determinants of financial performance is crucial for both investors and policymakers. Specific Background: This study investigates the impact of institutional ownership, leverage, and company size on the financial performance of manufacturing technology sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2022-2023. Knowledge Gap: Although previous research has explored individual factors affecting financial performance, limited studies have concurrently examined institutional ownership, leverage, and company size within a specific sector in the Indonesian market. Aims: This research aims to elucidate the causal relationships between institutional ownership, leverage, and company size on financial performance, measured by Return On Assets (ROA), using a quantitative approach and multiple linear regression analysis. Results: The study finds that institutional ownership significantly positively impacts financial performance, suggesting that higher institutional supervision enhances management effectiveness and investor confidence. Conversely, leverage exhibits a negative but statistically insignificant effect, indicating it is not a major determinant of financial performance. Company size is found to have a significant negative effect, implying that larger firms may experience decreased financial performance due to potential inefficiencies in asset management. Novelty: This research provides a nuanced understanding of how institutional ownership, leverage, and company size interactively influence financial performance within the technology manufacturing sector in Indonesia, contributing new insights into sector-specific financial dynamics. Implications: The findings highlight the importance of institutional investors in enhancing company performance and suggest that larger firms may need to focus on improving asset management practices. Future research should explore additional variables and other sectors to enhance generalizability and provide broader insights into financial performance determinants.
FRACTALS REVOLUTIONIZE RADAR BY UNVEILING SUPERIOR SIGNAL PROCESSING TECHNIQUES kizi, Durdona Maxmudova Isomiddin
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.v1i3.35

Abstract

General Background: Fractal radiophysics and fractal radio electronics represent advanced fields focusing on the creation and development of innovative radio systems. Specific Background: The integration of fractals, textures, fractional operators, and nonlinear dynamics into radiophysics and radiolocation is an emerging area of study with substantial potential. Knowledge Gap: Despite significant advancements, there remain critical gaps in understanding the application of these elements to improve radiophysics and radar signal processing. Aims: This study aims to bridge these gaps by employing long-term natural experiments, statistical analyses, and new information technologies to enhance the identification and classification of land covers and to develop advanced radar maps. Results: The findings demonstrate the effectiveness of fractal methods in improving the accuracy of radar signal processing and land cover classification, with fractal-based approaches outperforming traditional methods. The study also introduces novel textural techniques for identifying objects in optical and radar images, even under low signal-to-background conditions. Additionally, the feasibility of generating synthetic optical and radar images through stochastic autoregressive synthesis has been theoretically justified and experimentally validated, achieving a physical accuracy of 90%. Novelty: This research is the first to explore the combined textural and spatial spectral-correlation features of optical and radar images for land cover classification, highlighting the superiority of fractal-based approaches. Implications: The results provide a robust theoretical foundation for the practical application of fractal radiolocation and radio electronics, offering new directions for the development of advanced radar technologies and information processing methods, thus contributing to the evolution of modern radiophysics and electronic systems.
CONCEPT OF DETERMINING PRICES FOR ORGANIC VEGETABLES IN IMPROVING FARMERS WELFARE Nurohmah, Lisda; Sugiartiningsih; Noor, Qur'ani; Suarsa, Abin; Bagianto, Agus
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.v1i3.36

Abstract

The aim of the research is to determine the mechanism and implications of pricing organic vegetables implemented by PT Bionic Farm on the welfare of CV Karunia Abadi Farm farmers. The research method uses a quantitative approach in the form of vegetable sales reports and a qualitative approach to analyze farmer welfare. The calculation results show that the mechanism for setting prices for organic vegetables is determined by the distributor, namely PT Bionic Farm, so that the role of farmers is only limited to price takers. The impact in terms of farmers' income is seen to receive quite a large margin as evidenced by the wages for organic vegetable care services received by farmers above the Regional Minimum Wage (UMR). Meanwhile, farmers have to bear large expenditures for capital and labor in producing organic vegetables such as asparagus. The solution is that farmers must be given socialization on determining the Cost of Goods Sold (HPP) for organic vegetables through Community Service (PkM) activities in order to encourage farmers to increase their productivity in real terms, thereby improving Indonesia's economic welfare.
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 Maryanti , Eny; Jannah , Etikakhul
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.

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