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Daerah istimewa yogyakarta
INDONESIA
JURNAL ECONOMIA
Published by Universitas Negeri Yogyakarta
ISSN : 18582648     EISSN : 24601152     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Jurnal Economia (JECO) is published by Faculty of Economics, Yogyakarta State University. It publishes theoretical or research manuscripts related to 1. Economics 2. Accounting 3. Management 4. Business 5. Entrepreneurship, and 6. Finance
Arjuna Subject : -
Articles 10 Documents
 1 
Search results for , issue "Vol. 21 No. 2 (2025): June 2025" : 10 Documents clear
Entrepreneurial Intentions of Women as Students at Universities in Indonesia: Entrepreneurial Knowledge and Self-Efficacy Efendi, Riyanto; Tantri, Prisilia Angel
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.62859

Abstract

Women contribute significantly to a country's economy through entrepreneurship, while women in entrepreneurship are influenced by knowledge and self-efficacy. The purpose of this study was to determine how self-efficacy, through which female students' intentions to pursue entrepreneurship are mediated, interacts with entrepreneurial knowledge. The research method is Explanatory Survey which is analyzed using path analysis techniques. Respondents in this study were female students who had taken entrepreneurship courses totaling 315 female students who were taken using the Proportional Random Sampling method. The results of the study show the important role of entrepreneurial knowledge and self-efficacy in increasing female students' entrepreneurial intentions. First, entrepreneurial knowledge has a positive relationship with female students' entrepreneurial intentions. Second, entrepreneurial knowledge has a positive relationship with female students' self-efficacy. Third, self-efficacy is significantly related to female students' entrepreneurial intentions. Fourth, strong self-efficacy mediates the effect of entrepreneurial knowledge on female students' entrepreneurial intentions.
Strategic Management of Education Based on Local Excellence in Indonesia Herlina, Herlina; Anwar, Ade
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.63796

Abstract

The purpose of this study was to determine and examine the activities carried out in planning, implementation, evaluation, supporting factors, and obstacles in strategic management in schools based on local excellence. The lack of management capabilities indicates that the strategic management implemented in implementing local excellence-based education and how it is reflected in improving the quality of education that produces competent students with graduates who can be absorbed by the workforce. The method used in this study is a descriptive qualitative approach. The results of this study indicate that the efforts of the principal through program makers by referring to the school's vision, mission, and goals, the implementation of strategic management of Local Excellence-Based Learning such as increasing competence, empowering resources, fulfilling facilities and infrastructure, and establishing relationships with stakeholders, program evaluation, and supporting and inhibiting factors both from internal and external schools have shown good results, although not optimally.
Analysis of Capital Structure Theory on Company's Funding Decisions Wagisuwari, Kadek Saptaria; Sitorus, Palti M.T.
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.67029

Abstract

This study is meant to identify variables that should be considered while making funding decisions and identify the theory of the capital structure that is relevant in funding decisions. The study is conducted in property and real estate company listed in Indonesia Stock Exchange. This study is descriptive quantitative research using purposive sampling method and able to gather 70 observation data that would be processed by panel data regression analysis on Eviews. The results in trade-off theory show that debt tax shield and firm age perspective have positive impact on company's funding decision. In pecking order theory model, it is found that financial deficit has a positive effect while business risk is the opposite. Positive effect is also found on the proportion of independent commissioners, but growth opportunity variable is considered to be neutral and doesn't have effect on capital structure in agency theory.
Driving Digital Adoption within Small Business: A Study Case of Indonesia Micro-Small-Medium Enterprises Dwiputri, Inayati Nuraini; Permana, Yudistira Hendra; Prastiwi, Lustina Fajar
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.67494

Abstract

The urgency of going digital increases due to mobility restrictions in many areas to retain market share, hence surviving the COVID-19 pandemic. The digital adoption process is not easy because it requires high cost and long-term commitment, so larger firms may lead in this case. Therefore, this study wants to identify what variables can affect the digital adoption process by MSMEs. We survey 2,169 MSMEs across Indonesia using clustered convenience sampling and investigate the determinants of digital adoption by MSMEs. Using the fixed effect model for estimation, we find that the severity of COVID-19 cases and the number of laborers have a significant positive correlation to the digital adoption process by MSMEs. We find that MSME in urban areas leads to the use of digital technology, and the service-based MSME has more urgency to do so. These results can help MSMEs, and the government makes policies related to digital adoption by MSMEs.
Driving SME Success: The Impact of Knowledge Sharing and Effective Knowledge Management Sutrisno, Sutrisno
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.69417

Abstract

In today's globalized world and heightened business competition, SMEs play an essential role in economic growth. To thrive, they must leverage their key asset: knowledge. This study explores the impact of knowledge sharing and knowledge management on worker performance within SMEs. Drawing upon the theories of knowledge sharing, knowledge management, and individual performance, this qualitative study analyzes relevant studies to understand these relationships. The study involves the collection and synthesis of prior studies on knowledge sharing and management practices in SMEs, examining their effects on worker performance. The findings demonstrate that knowledge-sharing fosters a collaborative work culture boosts operational efficiency, promotes continuous learning, and stimulates innovation. Knowledge management, on the other hand, ensures effective organization and accessibility of critical information, thereby reducing the risk of knowledge loss. Together, these practices enhance worker performance, adaptability, and business growth, creating a dynamic environment that supports SME resilience in a competitive market.
Tourist Loyalty Model in Bukit Lawang: Hedonism, Susceptibility, and Brand Love Nasib; Salqaura, Siti Alhamra
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.71392

Abstract

This study aims to examine a tourist behavior model by investigating the effects of hedonism, perceived susceptibility, and brand love on tourist loyalty at the Bukit Lawang tourism destination. A quantitative approach was employed, utilizing a survey method with a total of 387 respondent. The collected data were analyzed using path analysis. The findings reveal that hedonism has a significant direct effect on both brand love and tourist loyalty. Perceived susceptibility significantly influences brand love but has no direct effect on loyalty. Brand love is shown to have a direct positive impact on loyalty. Furthermore, hedonism indirectly influences tourist loyalty through the mediating role of brand love. In contrast, perceived susceptibility does not exhibit a significant indirect effect on loyalty via brand love. These findings highlight the mediating role of emotional attachment (brand love) in translating hedonic experiences into tourist loyalty, particularly in nature-based tourism settings like Bukit Lawang.
The Role of Arisan in Alleviating Household Asset Poverty in Indonesia Hawari, Muhammad Irsyad; Donna, Duddy Roesmara; Saleh, Samsubar
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.72707

Abstract

This study explored the impact of participation in Rotating Savings and Credit Associations (ROSCAs) on household asset poverty in Indonesia. It used secondary data from the Indonesia Family Life Survey (IFLS) waves 4 and 5. Asset poverty was measured using indicators from the Socioeconomic Data Collection; households were considered asset poor if they failed to meet nine out of 14 indicators. The analysis applied panel logistic regression with a fixed effects model. The results showed that ROSCA participation significantly reduced the likelihood of asset poverty. These findings supported previous studies that emphasized the positive effect of ROSCAs in reducing expenditure poverty. The study provided empirical evidence of ROSCAs’ role in improving household economic resilience. It suggested that government and related institutions could support and encourage ROSCAs as part of broader poverty reduction and financial security strategies.
Women Worker Pay Gaps: 'Sticky Floors' And 'Glass Ceilings', in Indonesia Wahyuni, Sri; Ranita, Sylvia Vianty; Maidalena, Maidalena; Bachtiar, Nasri; Hasni, Khairul
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.72720

Abstract

The study tested wage disparities across Indonesian wage distribution the peak of women's careers. Using data from the fifth wave of the Indonesian Family Life Survey (IFLS-5), the study employed logistic regression analysis. The results show that the influence of work types and health insurance on women's wage disparities has a significant and negative impact on the Glass Ceiling (GC) phenomenon, especially on private female workers, farm women workers, and unpaid female labourers. The main results of this study show that the type of work that female workers do in Indonesia is still classified the Sticky Floor (SF). The study emphasizes the need for interventions to address gender inequality in the Indonesian workforce, including gender-inclusive policies, audits, equal pay, mentorship programs, workshops, and training sessions, to create a more equitable workforce.
Society 5.0—Unlocking Entrepreneurial Competencies in Farmer Scope Achmad, Gusti Noorlitaria; Fitriansyah, Fitriansyah; Darma, Dio Caisar; Syachrani, Syaparliddin; Kurniadin, Nia
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.76792

Abstract

This study was designed to investigate the relationship between Society 5.0 and the development of entrepreneurial competencies. The research employed a questionnaire-based interview involving 159 dragon fruit farmers in the Indonesian Capital City/Ibu Kota Nusantara (IKN). The collected questionnaire data were analyzed using moderated regression techniques. The results indicate a correlation between the proposed hypotheses and the findings, demonstrating that digital skills, understanding of information technology (IT), and relevant education significantly influence adaptive attitudes and mental readiness. Furthermore, both adaptive attitudes and mental readiness have a substantial effect on entrepreneurial competence. Digital skills, understanding of IT, and relevant education, when moderated by adaptive attitudes, can enhance entrepreneurial competence. However, mental readiness does not serve as a moderating factor. These findings contribute valuable insights to both academic discourse and practical policies aimed at enhancing farmers' entrepreneurial competencies within the framework of a sustainable Society 5.0.
Board Gender Diversity’s Moderating Effect on Capital Structure–ESG Relationship in Ghanaian Non-financial Firms Ampomah, Philipina; Andriana, Denny; Nugraha, Nugraha; Sari, Maya
Jurnal Economia Vol. 21 No. 2 (2025): June 2025
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v21i2.83080

Abstract

The study examines the relationship between capital structure and ESG (Environmental, Social, and Governance) performance of listed non-financial Ghanaian firms, emphasizing the moderating role of board gender diversity. Using panel data from 16 firms enlisted on the Ghana Stock Exchange from 2015 to 2022, the research adopts a fixed-effects model. Findings reveal that debt and equity negatively impact ESG performance, challenging traditional financial theories like Modigliani and Miller's capital structure irrelevance. Surprisingly, board gender diversity does not significantly moderate the capital structure–ESG performance link. The study underscores the need for cautious capital structure decisions to mitigate informational asymmetry costs and suggests revisiting female representation on corporate boards, given its limited influence in this context. This research advances sustainability discourse by exploring unique capital market dynamics in developing countries; in Sub-Saharan Africa and providing new insights into ESG impacts of capital structure and gender diversity in Ghanaian firms.

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