Garuda - Garba Rujukan Digital

Article Per Year (5 Year)

All

Journal of Indonesian Economy and Business

Website

Published by Universitas Gadjah Mada

ISSN : 20858272 EISSN : 23385847 DOI : -

Core Subject : Economy,

Economics, Econometrics & Finance

Journal of Indonesian Economy and Business (JIEB) is open access, peer-reviewed journal whose objectives is to publish original research papers related to the Indonesian economy and business issues. This journal is also dedicated to disseminating the published articles freely for international academicians, researchers, practitioners, regulators, and public societies. The journal welcomes author from any institutional backgrounds and accepts rigorous empirical or theoretical research paper with any methods or approach that is relevant to the Indonesian economy and business content, as long as the research fits one of three salient disciplines: economics, business, or accounting.

Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)

Articles 989 Documents

32 33 34 35 36

NOISE AS THE IMPACT OF TRADING MECHANISM AND PERIODIC CLEARING PROCEDURES: SUBSTANTIVE EVIDENCE FROM INDONESIA STOCK EXCHANGE Sumiyana Sumiyana
Journal of Indonesian Economy and Business (JIEB) Vol 24, No 1 (2009): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Sumiyana (2007b) investigates that noises occurred in Indonesia Stock Exchange. Especially, Sumiyanas’ research concludes that noise over trading and nontrading period, along with overnight and lunch break nontrading session, and the first and second trading session, had occurred. However, Sumiyana’s research does not identify who are responsible for the noise. This research used intraday data in Indonesia Stock Exchange. Samples of the data are the firms consecutively listed in LQ 45 indexes for the year of 2004-2006.This research attempts to identify who are responsible for the noise. This research studies effects of trading mechanism and clearing mechanism on the stock return behaviour. Finally, this research is enabling to differentiate the effect of trading mechanism from the effect of clearing mechanism. This research concludes that periodicclearing procedure at the beginning of the trading period is noisy. Therefore, this research suggests that trading mechanism in Indonesia Stock Exchange is inefficient. This research also hopefully recommends shifting from the periodic to continuous trading mechanism.Keywords: Intraday data, trading mechanism, trading and nontrading periods, stock return behaviour, noise, negative autocorrelation, clearing mechanism, periodic clearing procedure.

INTERACTIONS AMONG INSIDER OWNERSHIP, DIVIDEND POLICY, DEBT POLICY, INVESTMENT DECISION, AND BUSINESS RISK Indri Erkaningrum F.
Journal of Indonesian Economy and Business (JIEB) Vol 28, No 1 (2013): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

The study of interaction among insider ownership, dividend policy, debt policy, investment decision, and business risk is still conducted. This research aims at investigating the influencing factors of insider ownership, dividend policy, debt policy, investment decision, business risk, and the interaction among insider ownership, dividend policy, debt policy, investment decision, and business risk. The samples of the research are 137 manufacturing companies listed in the Indonesia Stock Exchange from the year 2006 to 2010. The three stages least square simultaneous equation model is used to analyze the interaction among insider ownership, dividend policy, debt policy, investment decision, and business risk. The analysis result of insider ownership equation shows that investment, business risk, and size have negative influence on insider ownership. Insider ownership, debt and business risk give negative impact to dividend that is shown on equation of dividend. Negative impact of dividend, business risk, and profitability to debt is shown on equation of debt. The analysis result of investment equation shows that insider ownership and business risk have negative influence on investment, whereas profitability and sales growth have positive influence on investment. The analysis result of business risk equation shows that insider ownership, dividend, investment, and size have negative influence on business risk, whereas variability of earnings has positive influence on business risk. The analysis result of the interaction among insider ownership, dividend policy, debt policy, investment decision, and business risk shows that: 1) there are reciprocal interactions among insider ownership, investment, and business risk; 2) there are reciprocal interactions between dividend and debt; 3) there are reciprocal interactions between dividend and business risk; 4) insider ownership influences dividend; 5) business risk influences debt. The empirical evidence of interaction among insider ownership, dividend policy, debt policy, investment decision, and business risk helps the companies to make financial policy minimize agency problem.

INFANT HEALTH PRODUCTION FUNCTION: ROLE OF PRENATAL CARE Heni Wahyuni
Journal of Indonesian Economy and Business (JIEB) Vol 30, No 1 (2015): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

This article reviews the economic concept of the health production function regarding the determinants of infant health and the results of previous empirical studies on the role of prenatal care in infant health production. The review will include a brief explanation about the health production function, followed by how the concept applies to infant health, explaining the derivation of the infant health production function, and finally the previous empirical studies on the role of prenatal care in infant health production. Grossman’s model on the demand for health and the framework of the infant health production function of Rosenzweig and Schultz explain that the following important factors will influence infant health and the demand for maternal medical care: age, wage/income, education, and knowledge. Furthermore, given that an infant inherits its health capital stock from its mother, there may be biological factors (e.g., a specific health endowment) that may be keys to determining infant health. In terms of the role of prenatal care, the review summaries that there is strong evidence that prenatal care does affect infant health. However, it is difficult to isolate the causal effect between the two without con-trolling for endogeneity, such as via a natural experiment. It is possible that there are unob-served heterogeneous factors of mothers that can affect prenatal care and infant health. Many studies have attempted to estimate the infant health production function, taking into account these selection biases. The merits and critiques of existing methods have also been discussed in the previously mentioned studies, which have mostly been conducted in relation to developed countries and have very rarely been conducted for the developing countries’ context. The find-ings of this review state that studies into this topic should consider many important aspects, such as selectivity bias, the determinants of infant health as stated in theory and previous empirical studies, and the need to use an appropriate measurement of adequate prenatal care, especially for the case of developing countries.Keywords: health production function, infant health production function, Grossman model, prenatal care

DOES LEGAL TRANSPLANTATION WORK? THE CASE OF INDONESIAN CORPORATE GOVERNANCE REFORMS Harijono Harijono; George Tanewski
Journal of Indonesian Economy and Business (JIEB) Vol 27, No 1 (2012): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

This study examines the impact of corporate governance reforms by analysing the relation between firms’ operating performance and key ownership structure and corporategovernance variables on a sample of firms listed on the Jakarta Stock Exchange between the periods 1993 to 2007. Contrary to widespread belief that reforms in Indonesia havefailed, this paper provides empirical evidence in support of the positive impact of corporate governance reforms. While the impact of family control, the firms’ business group affiliation, divergence between cash flow and control rights and political connection are all negatively associated with firms’ operating performance (ROA) for the pre-reformperiod (i.e., 1993-1999), these negative effects disappear during the post-reform period (i.e., 2001-2007), except for family control. More importantly, the relationship betweenfamily control and operating performance is negative only when the family’s control right exceeds their cash flow right. This study provides some empirical evidence and insights toboth regulators and development assistance agencies on the effectiveness of Indonesian corporate governance reforms.Keywords: corporate governance reform, controlling shareholders, firm performance, Indonesia

UNDERLYING FACTORS OF ATTITUDE AND INTENTION TOWARDS KNOWLEDGE SHARING AMONG EMPLOYEES: THE CASE OF THE HOTEL BUSINESS IN AMBON, INDONESIA Join Rachel Luturmas; Nurul Indarti
Journal of Indonesian Economy and Business (JIEB) Vol 31, No 3 (2016): September
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Studies into knowledge sharings’ attitudes and intentions, in the context of the hotel industry, have received relatively little attention. This current study is intended to fill that void and contribute to the existing discussion of knowledge sharing studies of hotel businesses. The main objective of the current study is to examine: 1) the effect of extrinsic motivation, absorptive capacity, channel richness and sense of self-worth on people’s attitude towards knowledge sharing, and 2) the effect of people’s attitudes towards knowledge sharing and the intention to share knowledge. The study mainly uses the Theory of Reasoned Action (TRA) as the point of departure to understand the attitude and intention of knowledge sharing. It also proposes six hypotheses. We conducted a survey among 300 employees from various hotels in the city of Ambon, Indonesia. The data are tested using Structural Equation Modelling (SEM) techniques. The findings substantiate theoretical discussions and previous studies. The extrinsic motivation, absorptive capacity, and in-role behaviour have a positive effect on the attitude towards sharing knowledge. In addition, the attitude to knowledge sharing has a positive influence on the intention to share knowledge. Meanwhile, the effect of channel richness and the sense of self-worth on the attitude to knowledge sharing are not supported. The study also provides suggestions for hotel businesses to offer extrinsic rewards and improve their employees’ skills in order to enhance the employees’ absorptive capacities.

HYPOTHESIS TESTS ON HALL PERMANENT INCOME (HPI): THE CASE OF INDONESIA R. Maryatmo
Journal of Indonesian Economy and Business (JIEB) Vol 25, No 3 (2010): September
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

This paper is focused on the test of Hall Permanent Hypothesis. Hall hypothesizes that economic agents have perfect information on their life time income. Since economic agents have perfect information on their life time income, they tend to hold their inter-temporal consumption to be equal. There are three ways to test the Hall hypothesis. The three ways are Dickey Fuller, Augmented Dickey Fuller, Cambell and Mankiw tests. The results are inconsistent each others. The finding tends to support that the interest rate transmission mechanism for inter-temporal consumption is not working in Indonesia. The interest rate in Indonesia tends to be higher than of the neighboring countries. The interest rate in Indonesia tends to be high because of the high inflation rate, and inefficient banking practice. It is interesting to plan further research on staggering high inflation and inefficient banking practice in Indonesia.Keywords: Hall income permanent hypothesis, inflation, Indonesia.

THE EFFECT OF SOCIAL CAPITAL ON WELFARE IN INDONESIA Jumirah Jumirah; Heni Wahyuni
Journal of Indonesian Economy and Business (JIEB) Vol 33, No 1 (2018): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Studies into the impact of social capital on welfare are currently growing. However, studies for the case of the developing countries, including Indonesia, are still very rare. Therefore, this paper aims to analyze the impact of social capital on welfare in Indonesia. In this study, social capital is measured by three indicators, namely, trust, cooperativeness and the social network (a person’s participation in community activities).Welfare is measured by household expenditure for food and non-food items. The data are acquired from the Indonesian Family Life Surveys for the years 2007 (IFLS4) and 2014 (IFLS5). This research uses instrumental variables to address the endogeneity issue on social networking (participation in community activities), which is a potential two-way causal relationship. It means that individuals with higher welfare (income) have a higher possibility of participating in community activities, since their participation in community activities is a leisure activity and the utilization of leisure is higher for higher-income people.Using the Instrumental Variables (IV) method and marital status as an instrument, the study found that social capital has a significant impact on welfare. An increased participation in community activities will improve ones welfare by 11.7 percent. Moreover, an increase of cooperativeness by one percent, would increase the welfare by 0.2 percent. On the other hand, trust has a negative relationship with welfare. It means that an increase in trust among individuals by one percent will cause household expenditure on food and non-food items to drop by 0.3 percent.It may imply that higher trust will cause lower transaction costs, which will reduce the expense of individuals buying food and non-food items. Since the coefficient of IV is larger than the coefficient in the OLS estimation, it indicates the absence of reversed causality. The results of this study have an implication for policy decision making which suggests that the policy decision makers should consider the impact of social capital on welfare and support the increase of individuals’ participating in community activities.

THE IMPORTANCE OF PRECAUTIONARY SAVING MOTIVE AMONG INDONESIAN HOUSEHOLDS Ahmad Zafarullah Abdul Jalil
Journal of Indonesian Economy and Business (JIEB) Vol 24, No 2 (2009): May
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

In the developing world, the population is frequently faced with numerous natural, economic, institutional and market risks. Because of these uncertainties, many individualsand households experience difficult periods of unexpected reduction in income. Using panel data from the Indonesian Family Life Survey (IFLS), this paper tests the existence ofprecautionary saving associated with income risk in Indonesia. The results of the estimation show that the uncertainty variable is not significantly related to the growth of consumption which signifies that Indonesian households do not constitute precautionary saving to smooth their consumption. The finding may be explained by the fact thatIndonesian households have in their possession other type of support mechanisms based particularly on inter-generational and -communal solidarity.Keywords: uncertainty, income risks, precautionary savings, consumption smoothing.

SELF EMPOWERMENT MODEL OF THE POOR IN IMPROVING SOCIAL WELFARE (Studies in the District of Alang-Alang Lebar Palembang, Indonesia) Siti Rohima; Agus Suman; Asfi Manzilati; Khusnul Ashar
Journal of Indonesian Economy and Business (JIEB) Vol 28, No 2 (2013): May
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Poverty is a very complex problem. So many ways that has been done by the Government but not yet provide optimal results. Any measures taken to overcome poverty often only temporary. There needs to be alternative measures to alleviate poverty through the empowerment one. Self-empowerment for the poor in improving the standard of living and welfare research studies conducted in the District of Alang-Alang Palembang. This study is a qualitative study using interaksionime symbolic approach. In interaksionime symbolic of human behavior and interaction shown by the symbol and meaning, and should be able to translate the meaning and significance of the symbol. This research suggests a model of self-empowerment of the poor through social capital and internal self. In the self-empowerment, poor individuals may act as subjects rather than just the object of poverty reduction. Self-empowerment model in addition supported by a good social capital is also supported by internal self. Internal to include prayer, effort, initiative and tawakal. Self-empowerment is done individually capable of affecting every movement of the poor themselves are to change for improving the living standards and the shackles of poverty, but it can provide motivation to work harder and improve the ethical attitudes and work for productivity increases and is thus able to increase revenue. Empowerment supported by internal social capital and good self will bring individual creativity in doing self-empowerment. This condition can increase income and improve the lives of poor and better than ever before so that poor people more prosperous and achieve the expected welfare.

RELATED PARTIES’ TRANSACTION AND EARNINGS MANAGEMENT: A CASE IN INDONESIA Sumiyana Sumiyana; Rahmat Febrianto
Journal of Indonesian Economy and Business (JIEB) Vol 27, No 2 (2012): May
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

This study investigates the association between related parties’ transactions and earnings management in Indonesia. Firm's executives officers accompanied by board of director members usually engage in related parties’ transactions to expropriate the firm’s resources. Therefore, they have incentives to manage earnings either to increase theirperquisites or possibly to mask such expropriation.This study presents evidence that earnings management is positively associated with certain types of related parties’ transactions. Overall, this study concludes that concernsabout related parties’ transactions as a factor associated with earnings management are warranted, especially for certain related parties’ transactions. There are purchase costs from subsidiary or parent companies and expenses incurred from the firm’s related parties’ transactions.Keywords: related parties’ transactions, perquisite, earnings management.

Page 34 of 99 | Total Record : 989

32 33 34 35 36

Filter by Year

1986 2021

Filter By Issues

All Issue Vol 36, No 1 (2021): January Vol 35, No 3 (2020): September Vol 35, No 2 (2020): May Vol 35, No 1 (2020): January Vol 34, No 3 (2019): September Vol 34, No 2 (2019): May Vol 34, No 1 (2019): January Vol 33, No 3 (2018): September Vol 33, No 2 (2018): May Vol 33, No 1 (2018): January Vol 32, No 3 (2017): September Vol 32, No 2 (2017): May Vol 32, No 1 (2017): January Vol 31, No 3 (2016): September Vol 31, No 2 (2016): May Vol 31, No 1 (2016): January Vol 30, No 3 (2015): September Vol 30, No 2 (2015): May Vol 30, No 1 (2015): January Vol 30, No 1 (2015): January Vol 29, No 3 (2014): September Vol 29, No 3 (2014): September Vol 29, No 2 (2014): May Vol 29, No 2 (2014): May Vol 29, No 1 (2014) Vol 29, No 1 (2014): January Vol 29, No 1 (2014): January Vol 28, No 3 (2013): September Vol 28, No 3 (2013): September Vol 28, No 2 (2013): May Vol 28, No 2 (2013): May Vol 28, No 1 (2013): January Vol 28, No 1 (2013): January Vol 27, No 3 (2012): September Vol 27, No 3 (2012): September Vol 27, No 2 (2012): May Vol 27, No 2 (2012): May Vol 27, No 1 (2012): January Vol 27, No 1 (2012): January Vol 26, No 3 (2011): September Vol 26, No 3 (2011): September Vol 26, No 2 (2011): May Vol 26, No 2 (2011): May Vol 26, No 1 (2011): January Vol 26, No 1 (2011): January Vol 25, No 3 (2010): September Vol 25, No 3 (2010): September Vol 25, No 2 (2010): May Vol 25, No 2 (2010): May Vol 25, No 1 (2010): January Vol 25, No 1 (2010): January Vol 24, No 3 (2009): September Vol 24, No 3 (2009): September Vol 24, No 2 (2009): May Vol 24, No 2 (2009): May Vol 24, No 1 (2009): January Vol 24, No 1 (2009): January Vol 23, No 4 (2008): October Vol 23, No 4 (2008): October Vol 23, No 3 (2008): July Vol 23, No 3 (2008): July Vol 23, No 2 (2008): April Vol 23, No 2 (2008): April Vol 23, No 1 (2008): January Vol 23, No 1 (2008): January Vol 22, No 4 (2007): October Vol 22, No 4 (2007): October Vol 22, No 3 (2007): July Vol 22, No 3 (2007): July Vol 22, No 2 (2007): April Vol 22, No 2 (2007): April Vol 22, No 1 (2007): January Vol 22, No 1 (2007): January Vol 21, No 4 (2006): October Vol 21, No 4 (2006): October Vol 21, No 3 (2006): July Vol 21, No 3 (2006): July Vol 21, No 2 (2006): April Vol 21, No 2 (2006): April Vol 21, No 1 (2006): January Vol 21, No 1 (2006): January Vol 20, No 4 (2005): October Vol 20, No 4 (2005): October Vol 20, No 3 (2005): July Vol 20, No 3 (2005): July Vol 20, No 2 (2005): April Vol 20, No 2 (2005): April Vol 20, No 1 (2005): January Vol 20, No 1 (2005): January Vol 19, No 4 (2004): October Vol 19, No 4 (2004): October Vol 19, No 3 (2004): July Vol 19, No 3 (2004): July Vol 19, No 2 (2004): April Vol 19, No 2 (2004): April Vol 19, No 1 (2004): January Vol 19, No 1 (2004): January Vol 18, No 4 (2003): October Vol 18, No 4 (2003): October Vol 18, No 3 (2003): July Vol 18, No 3 (2003): July Vol 18, No 2 (2003): April Vol 18, No 2 (2003): April Vol 18, No 1 (2003): January Vol 18, No 1 (2003): January Vol 17, No 4 (2002): October Vol 17, No 4 (2002): October Vol 17, No 3 (2002): July Vol 17, No 3 (2002): July Vol 17, No 2 (2002): April Vol 17, No 2 (2002): April Vol 17, No 1 (2002): January Vol 17, No 1 (2002): January Vol 16, No 4 (2001): October Vol 16, No 3 (2001): July Vol 16, No 2 (2001): April Vol 16, No 1 (2001): January Vol 16, No 1 (2001): January Vol 15, No 4 (2000): October Vol 15, No 3 (2000): July Vol 15, No 2 (2000): April Vol 15, No 1 (2000): January Vol 14, No 4 (1999): October Vol 14, No 3 (1999): July Vol 14, No 2 (1999): April Vol 14, No 1 (1999): January Vol 13, No 4 (1998): October Vol 13, No 3 (1998): July Vol 13, No 2 (1998): April Vol 13, No 1 (1998): January Vol 12, No 3 (1997): July Vol 12, No 2 (1997): April Vol 12, No 1 (1997): January Vol 11, No 1 (1996): January Vol 10, No 1 (1995): September Vol 9, No 1 (1994): May Vol 8, No 1 (1993): September Vol 7, No 1 (1992): September Vol 6, No 1 (1991): September Vol 5, No 2 (1990): September Vol 5, No 1 (1990): April Vol 4, No 1 (1989): April Vol 3, No 1 (1988): September Vol 2, No 1 (1987): September Vol 1, No 1 (1986): September More Issue

Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name
Wuri Handayani, Ph.D.

Contact Email
-

Phone
-

Journal Mail Official
-

Editorial Address
Faculty of Economics and Business, Universitas Gadjah Mada Jalan Sosio Humaniora No. 1, Yogyakarta 55281

Location
Kab. sleman,

Daerah istimewa yogyakarta

INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name Wuri Handayani, Ph.D.

Contact Email -

Phone -

Journal Mail Official -

Editorial Address Faculty of Economics and Business, Universitas Gadjah Mada Jalan Sosio Humaniora No. 1, Yogyakarta 55281

Location Kab. sleman, Daerah istimewa yogyakarta INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Contact Name
Wuri Handayani, Ph.D.

Contact Email
-

Phone
-

Journal Mail Official
-

Editorial Address
Faculty of Economics and Business, Universitas Gadjah Mada Jalan Sosio Humaniora No. 1, Yogyakarta 55281

Location
Kab. sleman,

Daerah istimewa yogyakarta

INDONESIA