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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,
Economics, Econometrics & Finance Social Sciences
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.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 115 Documents
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PENGARUH BRAND IMAGE, TRUST DAN SALES PROMOTION TERHADAP KEPUASAN PELANGGAN DI KLINIK KECANTIKAN ATHENA SURABAYA Rachmawati, Ainur; Mulyati, Awin; Nasution, Ute Chairuz 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.v1i3.28

Abstract

Kepuasan pelanggan sangat penting bagi perusahaan karena berkontribusi langsung pada retensi pelanggan, peningkatan penjualan, dan reputasi yang baik. Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh brand image, trust dan sales promotion terhadap kepuasan pelanggan di Klinik Kecantikan Athena Surabaya. Penulis tertarik memilih judul ini karena adanya fenomena yang terjadi, yaitu adanya peningkatan kesadaran masyarakat akan pentingnya perawatan kulit yang membuat persaingan bisnis di industri perawatan kulit semakin meningkat. Hal itu menjadikan semakin banyak Perusahaan yang bergerak di industri perawatan kulit tumbuh di kota Surabaya. Penulis memilih Klinik Kecantikan Athena sebagai tempat yang di teliti karena Klinik Kecantikan Athena adalah salah satu klinik kecantikan yang didirikan oleh seorang dokter yang juga kerap mengedukasi masyarakat perihal perawatan kulit, cream abal abal didalam content nya. Metode yang digunakan dalam penelitian ini adalah kuantitatif dengan pengumpulan data melalui kuesioner yang dibagikan kepada pelanggan klinik. Sampel yang digunakan dalam penelitian ini berjumlah 100 responden yang dipilih dengan cara mengandalkan pertimbangan peneliti atau faktor-faktor tertentu dalam pemilihannya. Data yang terkumpul kemudian dianalisis menggunakan analisis regresi berganda untuk menguji hipotesis yang diajukan Pengujian hipotesis ini dibuktikan melalui uji t (parsial) bahwa Brand Image tidak berpengaruh terhadap kepuasan pelanggan, Trust berpengaruh terhadap kepuasan pelanggan, juga Sales Promotion berpengaruh terhadap kepuasan pelanggan. Serta uji F (Simultan) dengan F hitung lebih besar dari F table. Dengan perolehan nilai determinasi (R2) sebesar atau 23,3 %, sedangkan sisanya 76,8% lainnya dijelaskan oleh variabel lain yang tidak diteliti oleh penulis seperti variabel kualitas layanan, harga, word of mouth dan lain-lain
THE INFLUENCE WAREHOUSE LOCATION, TRANSPORTATION, AND INVENTORY ON DISTRIBUTION PERFORMANCE LOGISTICS IN PERUM BULOG BRANCH OFFICE MADIUN Rahmawati, Nurul
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.v1i4.29

Abstract

Objective: This study examines the influence of warehouse location, transportation, and inventory on logistics distribution performance at Perum BULOG Madiun Branch, focusing on identifying key factors impacting operational efficiency in rice distribution. Methods: A quantitative approach was employed using a survey method. Data were collected via an online questionnaire distributed to 30 employees at the Perum BULOG Madiun Branch. The responses were analyzed using statistical techniques with SPSS Version 26 software to assess the individual and combined effects of the variables on logistics distribution performance. Results: The findings reveal that, individually, warehouse location and transportation have no significant effect on logistics distribution performance, while inventory has a significant positive influence. Simultaneously, all three variables—warehouse location, transportation, and inventory—contribute positively to logistics distribution performance, explaining 87% of the variation. The remaining 13% is attributed to other factors not included in the study. Novelty: This research provides critical insights into the specific factors affecting logistics distribution within a state-owned enterprise. By highlighting the dominant role of inventory management, the study offers actionable recommendations for improving operational efficiency and bridging the supply-demand gap in rice distribution. This research enhances the understanding of logistics performance determinants in public-sector organizations.
THE INFLUENCE OF SELF EFFICACY AND EMPLOYEE ENGAGEMENT ON EMPLOYEE PERFORMANCE PNS IN TEMANGGUNG Ermayasari, Inas Zaviroh Putri
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.v1i3.31

Abstract

The study aimed to determine the influence of self efficacy and employee engagement on the employee performance civil cervants in Temanggung. This research used a quantitative descriptive methods. The method used in probability sampling with 100 respondents. Primary data collected by questionnaire and had been tested for validity and reliability. This research was processed using data analysis of the SPSS version 24 program. The results of the research show that self efficacy and employee engagement affect employee performance of civil servants in Temanggung.
REVEALING OPTIMAL FINANCIAL EFFICIENCY AND EFFECTIVENESS IN INDONESIAN VILLAGE GOVERNANCE Purwanti, Dewi; Nurdini , Puji Nadiya; Suherman , Acep
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.v1i3.32

Abstract

General Background: Effective financial management at the village level is crucial for achieving development goals and ensuring the optimal use of allocated resources. Specific Background: This study investigates the financial performance of Waringinsari Village, located in Takokak District, Cianjur Regency, West Java, through the lens of Value for Money (VFM) for the period 2021-2023. Knowledge Gap: Previous research lacks a comprehensive analysis of village financial performance using VFM indicators, particularly in the context of rural Indonesian governance. Aims: The primary objective of this research is to evaluate Waringinsari Village’s financial performance in terms of economy, efficiency, and effectiveness, and to provide recommendations for improving financial management practices. Results: The analysis reveals that Waringinsari Village performs "Quite Economically," is "Efficient," and is "Very Effective" in its financial management. Despite this, 0.92% of the budget was unutilized in 2023. Novelty: This study offers a detailed examination of budget realization using VFM indicators in a rural Indonesian village setting, highlighting the village’s strong financial performance and the minor issue of underutilized funds. Implications: The findings suggest that Waringinsari Village should enhance its planning and budgeting processes, improve financial management discipline, and explore new income sources. Community participation, especially by the younger generation through social media, is recommended to ensure accountability and improve budget implementation. These insights can guide other villages in similar contexts towards better financial practices and development outcomes.
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

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