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Wuri Handayani, Ph.D.
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INDONESIA
Journal of Indonesian Economy and Business
ISSN : 20858272     EISSN : 23385847     DOI : -
Core Subject : Economy,
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.
Articles 989 Documents
PROFIL KINERJA FINANSIAL PERUSAHAAN-PERUSAHAAN YANG GO-PUBLIC DI PASAR MODAL ASEAN Mas'ud Machfoedz
Journal of Indonesian Economy and Business (JIEB) Vol 14, No 3 (1999): July
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

Almost all companies listed in ASEAN country capital markets have droppedtheir financial performance since the accounting year of 1997. In Indonesia, morethan sixty per cent of companies listed in Jakarta Stock Exchange did not or did notdare to publish their mandatory annual financial statements to avoid publishing theirpoor performance. The similar situation has also been felt by other ASEAN countrycapital markets. The question that was relevant to be raised: are the poor financialperformance of companies listed in the ASEAN country capital markets caused by thesudden crisis or by long experience of poor financial performance?This study intents to answer the above question, whether the crisis or longtimeof poor financial performance caused the company financial problems. Samples weretaken from companies listed in four major capital market of ASEAN, namely:Thailand, Singapore, Malaysia, and Indonesia. Pooled time series data consist of 132data included in the sample for three year periods of 1993, 1994, and 1995 for 44companies. The parametric and non-parametric statistic methods q/"t-tests, WilcoxonRanks Sign Test, MANOVA, and Friedman K-Samples were used to test thehypothesis.The results indicate that Thailand has the weakest financial performance,followed by Indonesia, Singapore, and then Malaysia, when they are compared to theempirical standards of financial performance. This study used The standards offinancial performance that were introduced by Beaver (1966 and 1968), Altman(1968), and Zmejewski (1984). Intuitively, this study concluded that the poorfinancial performances have already long been suffered by companies listed inASEAN country capital markets before the monetary crisis. The crisis has just openedthe hidden problems.
MEMAHAMKAN PENGETAHUAN AKUNTANSI DI TINGKAT PENGANTAR Suwardjono Suwardjono
Journal of Indonesian Economy and Business (JIEB) Vol 14, No 1 (1999): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

Introducing a new knowledge to new students is not an easy task. Dysfunctionalbehaviors may result due to inappropriate approach to introducing the newknowledge. Introducing accounting to beginners is no difference. This paperdescribes an alternative strategy to improve introductory accounting learning andteaching in higher education institutions. The author argues that some dysfunctionalbehaviors related to understanding accounting are attributed to the way thisknowledge is introduced to new students. Instructors tend to emphasize heavily on thetechnical aspects of accounting without incorporating the conceptual and theoreticalideas behind the technical process. More importantly, the fact that accounting is abody of knowledge is often left in the introduction so that nonaccounting studentshave the wrong ideas about accounting. Accounting is often viewed as a merelytechnical recording rather than a challenging knowledge that calls for intellectualand scientific inquiries. This paper provides a framework of how theoretical aspectsof accounting are introduced to new students as a basis for explaining the technicalprocess of accounting. These theoretical aspects are summarized in the form ofaccounting structure to help students understand accounting in a broad sense.Institutional and instructional policies regarding the introductory accounting courseare also discussed.
ANALISIS PENGARUH PERUBAHAN SPREAD SUKU BUNGA TERHADAP KINERJA MAKROEKONOMI INDONESIA PERIODE 1993:I – 2005: II Pendekatan Jalur Kredit dan SVAR Banoon Sasmitasiwi; Malik Cahyadin
Journal of Indonesian Economy and Business (JIEB) Vol 21, No 4 (2006): October
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

This research is intended to analyze the influence of the change of interest rate spread to macroeconomic performance in Indonesia. The interest rate spread includes of Fed rate, Germany rate, and China rate. The realization of banking restructuring, which emphasized on program of credit restructuring as result from presence of currency crisis and banking crisis, is held with considered on condition of Indonesian’s macroeconomic. Finally, this research will effected on activity of real sector. In this research, macroeconomic condition is indicated by real Gross Domestic Product (GDP), real credit behavior, real exchange rate, and also real sector condition itself. The activity of real sector is showed by behavior of manufacturing sector and construction sector. The data employed in the study are secondary time series data from quarterly data for period of 1993:I-2005:II. They constitute observation consisting of 50 series of data of picked from several publication. The method of analysis used in the study are structural vector autoregression model with emphasized on impulse response analysis. The result of structural vector autoregression model, which be showed by impulse response analysis, suggests that Gross Domestic Product (GDP), credit behavior, and real sector give negatively response to positive shocks or Gross Domestic Product (GDP), credit behavior, and real sector decreased. This estimation result offer strong empirical evidence for effectiveness and relevance of a credit channel in Indonesia. Positive shocks are shocks to increases in interest rate spread. In this research, interest rate spread are spread between domestic lending rate and US interest rate, domestic lending rate and German interest rate, and domestic lending rate and China interest rate. Futhermore, the estimation result also show that shocks of an increase in interest rate spread caused real appreciation.
TEORI PERTUMBUHAN BERBASIS EKONOMI (EKSPOR) : POSISI DAN SUMBANGANNYA BAGI PERBENDAHARAAN ALAT-ALAT ANALISIS REGIONAL Prasetyo Soepono
Journal of Indonesian Economy and Business (JIEB) Vol 16, No 1 (2001): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (246.451 KB) | DOI: 10.22146/jieb.6802

Abstract

The determinants of regional growth are demand and supply. Demand as a factor for explaining regional growth inquires where the demand comes from and traces its impact through the regional economic system, where a demand for a regional output gives rise to other regional output by way of backward linkages. The export-based theory of growth claims demand as the determinant of regional growth. It seeks to identify the region’ s export activities, to forecast the growth in the activities, and to evaluate the impact of that additional export activity on the other or non-basic activities of the region. The export-based theory plays the role of identifying which sectors/ industries are basic and which ones are non-basic after those sectors/ industries undergoing a shift-share analysis. The export –based theory offers various techniques of determining what a basic sector industry is and various wyas of calculating economic base multipliers. The export-based theory has some disadvantages: no inter-regional inter-industry interdependence, short-run analysis, etc. However, one thing the export-based theory can contribute is that it is useful for small regions like a district (kecamatan), regency (kabupaten) in determining their ability to export and is the first to apply the macro-economic model of income determination to regions.Keywords: basic & non-basic sectors, location quotient, economic base multiplier
ANALISIS PELAYANAN MUTU TOTAL DAN PENGARUHNYA TERHADAP KINERJA USAHA PERBANKAN DI INDONESIA Tatik Suryani; Sri Lestari Kurniawati; Wiwik Lestari
Journal of Indonesian Economy and Business (JIEB) Vol 16, No 3 (2001): July
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

This research explains the implementation of total quality service (TQS) in the banking industry in Indonesia and examines the differences of the implementation between government banks and private banks and also the influence of TQS variables on business performance. By using 32 samples, the result of regression analysis shows that TQS implementation variables significantly influence all banking performance variables, ie. human resources performance, customer satisfaction, service quality and cost performance except in financial performance variable at 5% level of significance. Further, there is significant difference between government banks and private banks in giving responses to their customers. Private banks give better response compared with those of government banks
RISET KONSUMEN DALAM PENGEMBANGAN TEORI PERILAKU KONSUMEN DAN MAS A DEPANNYA Basu Swastha Dharmmesta
Journal of Indonesian Economy and Business (JIEB) Vol 14, No 1 (1999): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

Artikel ini menyajikan keterkaitan riset konsumen dengan pengembangan teoriperilaku konsumen. Bidang perilaku konsumen yang didukung oleh temuan-temuandalam riset konsumen telah mengalami perkembangan. Dalam pengembangan teoridiambil contoh karya-karya Howard. Karya Howard itu dianggap sebagai contohyang lengkap dalam aplikasi riset konsumen untuk mengembangkan teori perilakukonsumen. Artikel ini juga membahas proses perkembangan teori perilaku konsumendi mana konsumen menjadi fokus dalam pemasaran. Tinjauan sosial-kognitif menjadisangat penting mengingat perkembangan perilaku konsumen sebagai bidang terapansudah mengarah ke tinjauan seperti itu, sehingga pendekatan dengan ilmu psikologikognitif menjadi dominan. Di rnasa depart, perkembangannya masih didominasi olehtinjauan kognitif.
IS PUBLIC DEBT NEUTRAL? EVIDENCES FOR INDONESIA Arti Adji
Journal of Indonesian Economy and Business (JIEB) Vol 10, No 1 (1995): September
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

"Jer basuki mawa bea". There is no such thing as a free lunch. Governmentlike other economic agents-has to finance its expenditures, now or later. "Oikosnomos",-Greek words from which the word economics came from is the essence ofgovernment activities in managing its budget. The topic of this paper concerns withthe way the government finances its budget and its effects on economic activity.Specifically, this paper is aimed to test empirically whether the Ricardianequivalence or a public debt neutrality holds in Indonesia. The longrun analysis of anerror correction representation suggests that the timing of taxation does not matter,implying that the government can conduct mix-finance fiscal policy. Furthermore,test for rationality conducted in this paper shows the evidence of rational consumersone of the assumptions underlying the Ricardian hypothesis to hold.
SELF-SELECTION BIAS MODEL: AN APPLICATION OF TWO-STAGE SWITCHING REGRESSION TO SFAS NO. 19. Suwardjono Suwardjono
Journal of Indonesian Economy and Business (JIEB) Vol 16, No 3 (2001): July
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (193.785 KB) | DOI: 10.22146/jieb.39829

Abstract

Banyak penelitian akuntansi yang melibatkan pemisahan sampel menjadi beberapa grup atas dasar metoda akuntansi. Kemudian peneliti membandingkan karakteristik antargrup dan menguji perbedaannya secara statistis dan regresional. Dalam memecah sampel menjadi beberapa grup, pada umumnya diasumsi bahwa dua sampel atau lebih diambil dari populasi yang homogenus dan penempatan observasi ke dalam grup dianngap terjadi secara random. Dengan asumsi tersebut bias seleksi (selection bias) diabaikan sehingga dapat mengakibatkan estimasi lebih (overestimation) koefisien regresi pada salah satu grup sehingga simpulan dapat salah. Makalah ini menginvestigasi eksistensi dan relevansi bias seleksi dalam penelitian yang membandingkan dua grup atas dasar metoda akuntansi untuk kasus industri minyak dan gas bumi. Regresi berganti dua-tahap (two-stage switching regression) digunakan untuk menunjukkan adanya bias seleksi. Hasil penelitian menunjukkan bahwa terdapat bias seleksi dalam penggunaan regresi untuk mengukur pengaruhfaktor-faktor ekonomik terhadap pengeluaran untuk eksplorasi. Pendekatan ordinary least square (OLS) secara konsistem mengestimasi lebih (overestimate) koefisienkoefisien regressi untuk kedua grup terutama perusahaan yang menggunakan metoda kos penuh (full cost).
PEMULIHAN EKONOMI NASIONAL MENUJU DEMOKRASI EKONOMI Mubyarto Mubyarto
Journal of Indonesian Economy and Business (JIEB) Vol 16, No 1 (2001): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (442.092 KB) | DOI: 10.22146/jieb.6798

Abstract

Since the monetary and economic crisis in mid-1997 there has never been agreement, or serious debate, on how to measure economic recovery. Is it when foreign exchange rate can be stabilized or after banking recapitalization and business restructurization can be fully implemented? Even when economic growth has resumed mid-1999 and the beginning of 2000, some economist argued that it is still an artificial growth when investment has not recovered to the pre-crisis level.The article proposes different view: that is, because of the important role the Ekonomi Rakyat (estimated about 50-60% of total Indonesian economy), the economic recovery has taken place, and the ekonomi rakyat has made adjustment to the changing situation relatively easily. The argument has been strengthened by our research findings in the regions (provinces, kabupaten, and villages) which shows much smaller rate of economic contraction in 1998. It is expected that regional autonomy to be implemented in the beginning of 2001 will speed up the process of the development of ekonomi rakyat and the realization of economic democracy in the regions and the country as a whole.Keywords: economic recovery, conglomeration, ekonomi rakyat, and regional autonomy.
PENGEMBANGAN KONSEP JASA PENDIDIKAN TINGGI BERBASIS KEINGINAN KONSUMEN POTENSIAL Andriya Risdwiyanto; Basu Swastha Dharmmesta
Journal of Indonesian Economy and Business (JIEB) Vol 16, No 4 (2001): October
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

This research tests a model of the influence of marketing stimuli to the choice of private colleges in Yogyakarta and Central Java. The study uses confirmatory factor analysis for a model comprising seven marketing stimuli (product, price, place, promotion, people, physical evidence, and process) which influence the choice of private colleges in Yogyakarta and Central Java. Regression analysis model is used to determine the influence of marketing stimuli to the choice of private colleges. Data are gathered through survey to applicants (potential customer) from Yogyakarta and Central Java high schools. This research provides a systematic model to develop a concept of private higher education services in Yogyakarta and Central Java.

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