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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
PENGUJIAN TINGKAT MOBILITAS MODAL DI INDONESIA DENGAN PENDEKATAN JEFFREY D. SACHS Aliman Aliman
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

The objective of this paper is to test capital mobility in Indonesia for the period of 1970-1998 with Jeffrey D. Sachs’s approach. The tools of analysis are cointegration test, Engle-Granger Error Correction Model (EG-ECM), Insukindro-Error Correction Model (I-ECM) and JM test.  The empirical results using EG-ECM and I-ECM shows that approach of Sachs’s are useful to identify the degree of capital mobility in Indonesia. The empirical result of EG-ECM and I-ECM for the first approach Sachs failed to identify the degree of capital mobility in Indonesia. However, using second approach of Sachs, the empirical result of EG-ECM and I-ECM show that in the short-run capital mobility in Indonesia is closely perfect—from Indonesia to foreign, but in the long-runs is imperfect. Morever, the empirical result of I-ECM shows shock variable in the short-run influences to current account over the period study. Using JM test, it indicates that IECM is superior than EG-ECM for explaining capital mobility in Indonesia.
IMPLIKASI KRISIS EKONOMI TERHADAP DESA IDT DAN DESA BUKAN IDT: STUDI KOMPARATIF DESA PURWOHARJO DAN DESA GERBOSARI, KECAMATAN SAMIGALUH, KABUPATEN KULONPROGO, DIY Eny Sulistyaningrum; Elphiwin Adela
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 (222.737 KB) | DOI: 10.22146/jieb.6797

Abstract

Indonesian economic crisis, emerged since 1997, has been an agony carrier for the entire Indonesian economy. Was that statement correct? A field trip to rural areas of an Indonesian Economy Class at the Faculty of Economics Gadjah Mada University, carried out on 25 October 2000, intended to further discover the truth or the flaw of the statement. The study trip was a direct observation of the life and interview of the people in Purwoharjo and Gerbosari. Major concern was the impact of the monetary crisis, known as “krismon”, to Poor and Non Poor villagers. The filled questionaires analysed by crosstabulation method is presented below. Six hypotheses analyzed. The dependent variable is the impact of the monetary crisis experienced by the respondents. The acceptance of most of the null hypotheses suggests that there is no implication of various independent variables such as income groupings and poverty line to dependent variable, that is the impact of the monetary crisis to the life of the rural population.Keywords: poor and non poor villages, social safety net, poverty, income groupings.
PENGARUH PENGUMUMAN MERGER DAN AKUISISI TERHADAP RETURN SAHAM PERUSAHAAN AKUISITOR DAN NON AKUISITOR DALAM SEKTOR INDUSTRI YANG SAMA DI BURSA EFEK JAKARTA Amin Wibowo; Yulita Milla Pakereng
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

The purposes of this research are: (1) to examine the information content of  merger and acquisition announcement in acquiring and nonacquiring firm in the same industrial sector and (2) to determine whether there is information transfer in the same industrial sector.Using sample firms of manufacturing industry listed in Jakarta Stock Exchange and research period of 1991-1997, the result shows that, in general, there is information content in merger and acquisition announcement for acquiring and nonacquiring firms. The study also indicates that there is information transfer between firms in the manufacturing industry for merger and acquisition announcement case. Another findings is that there is information leakage, i.e. the public knows information about merger and acquisition prior to the announcement.
KEPEMIMPINAN TRANSFORMASIONAL DAN PEMBERDAYAAN Hani Handoko; Fandy Tjiptono
Journal of Indonesian Economy and Business (JIEB) Vol 11, No 1 (1996): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

Dalam dekade terakhir, lingkungan bisnis mengalami perubahan yang sangat dramatis. Globalisas, liberalisasi, perdagangan, deregulasi, dan kemajuan teknologi informasi menciptakan realitas baru persaingan yang kian ketat. Tekanan-tekanan persaingan ini telah "memaksa" banyak organisasi untuk melakukan rightsizing, downsizing, delayering dan restructuring. Menghadapi berbagai perubahan tersebut, para pemimnpin perlu memikirkan kembali secara radikal cara mengelola sumber daya manusia dan institusinya (Kuhnert dalam Bass, 1994). Dengan jumlah karyawan lebih sedikit untuk menangani beban kerja yang semakin banyak, para pemimpin harus terus-menerus berupaya mengembangkan kapasitas dan kemampuan sumber daya manusianya, sejalan dengan berbagai perubahan aturan main (rules of the game) dalam industri dan persaingan yang terjadi secara cepat.Implikasinya, muncul kebutuhan konsep kepemimpinan "baru" untuk menghadapi perubahan lingkungan yang terus berlangsung, dan untuk mengkapitalisasi aset perusahaan paling penting 3/4 sumber daya manusia. Para pemimpin akan semakin dituntut untuk mempunyai kemampuan mengembangkan secara berkesinambungan sumber daya manusia perusahaan sampai mencapai tingkat potensi tertinggi mereka.Sayangnya, studi kepemimpinan selama ini diwarnai dua perangkap. Perangkap pertama menyangkut asumsi dimensionalitas, suatu pandangan sempit yang tidak ealistis dan terlalu menyederhanakan (over-simplified) fenomena kepemimpinan. Banyak penelitian yang terpaku pada pola penggunaan dua dimensi dominan variabel kepemimpinan: dimensi manusia/karya-wan dan. dimensi tugas (Karmel, 1978; Chemers dalam Wren, 1995). Berbagai contoh konsep kepemimpinan yang menerapkan asumsi dimensionalitas adalah teori X dan teori Y dari Douglas McGregor, empat sistem manajemen Rensis Likert yang menggunakan dimensi orientasi pada tugas dan orientasi pada karyawan, kisi-kisi manajerial dari Blake dan Mouton (dimensi perhatian terhadap produksi dan perhatian terhadap karyawan), studi Ohio State University (dimensi konsiderasi dan struktur pemrakarsaan), teori empat faktor Bowers dan Seashore (dimensi fasilitasi pekerjaan dan penekanan pada sasaran, serta dimensi dukungan dan fasilitasi interaksi), path-goal theory (ekspektasi dan valensi), dan model kontingensi Fiedler (orientasi pada tugas dan orientasi pada hubungan/orang). Meskipun berbagai konsep kepemimpinan tersebut cukup bervariasi, pada prinsipnya ada kemiripan dalam hal ketergantungan pada kedua dimensi tersebut, dan mengenyampingkan dimensi-dimensi lainnya, seperti tingkat aktivitas, karakteristik atribusi, dan derajat kepentingan (Karmel, 1978).Sementara itu, perangkap kedua yang tak kalah dominannya adalah isu mengenai gaya kepemimpinan terbaik untuk diterapkan dalam suatu organisasi. Pencarian gaya 'terbaik' untuk segala situasi seringkali menemui jalan buntu. Bahkan gaya manajemen partisipatif atau demokratif pun tidak selalu merupakan solusi terbaik. Gaya seperti ini belum tentu dapat berjalan dengan baik dalam situasi-situasi tertentu. Ini banyak dipengaruhi oleh sifat kepemimpinan itu sendiri yang 'dua arah', artinya melibatkan dua pihak: pemimpin dan pengikut (yang dipimpin) 3/4 serta faktor-faktor situasional.Dalam lingkungan bisnis yang semakin kom-pleks dan selalu berubah seperti saat ini, studi kepemimpinan tidak bisa lagi sesederhana penggunaan dua dimensi tersebut. Demikian pula upaya pencarian gaya kepemimpinan terbaik yang berlaku sepanjang masa akan sia-sia. Ada kebutuhan untuk menemukan model kepemimpinan yang lebih relevan dengan situasi kompleks seperti sekarang ini. Kepemimpinan transformasional merupakan salah satu konsep "terobosan" yang berhasil menghidupkan kembali gairah studi kepemimpinan yang hampir mati selama dekade terakhir ini. Menurut konsep ini, tugas seorang pemimpin adalah berupaya memotivasi bawahannya agar dapat berprestasi melampaui harapan dan perkiraan sebelumnya. Esensi kepemimpinan adalah memfasilitasi pengembangan individu untuk merealisasi potensi dirinya.Tulisan ini mernbahas kepemimpinan transformasional dan pemberdayaan karyawan. Pembahasan diawali dengan menelusuri secara sekilas berbagai teori kepemimpinan; kemudian, dilanjutkan dengan telaah terhadap mitos gaya kepe mimpinan "terbaik". Selanjutnya ulasan difokuskan pada berbagai karakteristik kepemimpinar transformasional yang merupakan trend kepemimpinan di masa datang. Akhirnya, tulisan ini mengupas pandangan mengenai pentingnya dimensi pemberdayaan (empowerment) dalam kepemimpinan manajerial, terutama untuk menyongsong era transformasi akibat perubaha lingkungan yang terjadi secara dramatik.
TINJAUAN TEORITIS MENGENAI MODEL PEMGEMBANGAN LIKUIDITAS PEREKONOMIAN DAERAH Insukindro Insukindro
Journal of Indonesian Economy and Business (JIEB) Vol 10, No 1 (1995): September
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (972.54 KB) | DOI: 10.22146/jieb.39946

Abstract

Dalam satu dasa warsa terakhir ini, likuiditas perekonomian Indonesia telah mengalami perkembangan yang sangat pesat. Fenomena ini nampaknya selaras dengan perkembangan konsep uang dan lembaga keuangan bank di Indonesia. Namun demikian perkembangan besaran tersebut tidak merata antardaerah, bahkan tidak mudah pula mengukurnya. Tulisan ini mencoba mengetengahkan suatu pendekatan guna menaksir besarnya uang kartal yang beredar di daerah. Pendekatan yang diuraikan diharapkan dapat menjadi titik awal dari suatu usaha untuk mengukur likuiditas perekonomian daerah.
ATRIBUT PROYEK DAN MUDHARIB DALAM PEMBIAYAAN MUDHARABAH PADA BANK SYARI’AH DI INDONESIA Muhammad Muhammad
Journal of Indonesian Economy and Business (JIEB) Vol 21, No 3 (2006): July
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

The research is concerned with the project and mudharibs’ attributes in the mudharabah financing in the Sharia Banks, Indonesia. The Study has been focused to search (1) the projects attributes might be considered by the banks in dealing with mudharabah financing; and (2) the mudharib’s attributes which will be financed by the banks. The study is basically explorative in nature. The study was conducted to 84 out of 89 Islamic or Sharia Rural Bank in Indonesia. 64 of respondents (76.19 percent) have returned the questionnaires. Certain numbers of banks’ managers were also interviewed deeply. The returned questionnaires were adequate to be examined statistically. The quantitative method is then applied to examine the factors considered statistically. The study has found that there are six attributes considered from the mudharabah projects point of view, which include the prospect of project, availability of collateral, healthiness of project, project’s financial statement, clarity of contract conditions, and conformity of time period. In regrad to mudharib attributes, the study has also concluded five characteristics which are considered important. They include the business capacity, (personal) collateral, mudharibs’ reputation and family background, and their business commitments.
KEBIJAKAN PENANGGULANGAN INFLASI DI INDONESIA NOPIRIN NOPIRIN
Journal of Indonesian Economy and Business (JIEB) Vol 12, No 1 (1997): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

This paper begins with a theoretical discussion on the causes of inflation.Inflation can occur as a result of rising aggregate demand (demands pull inflation) and upward shifting aggregate (costs push inflation). Aggregate demand consist of household expenses, government expenses andnet export, whereby those components are transformed as a result of monetary and finance policies, and balance of payment Inflation occurs when rising aggregate demands are not followed by rigidities in aggregate supplies. Budget deficits that are paid by printing of currencies without equal response from production will increase pressure for inflation. Deficit of balance of payment will lead to depreciation of domestic currency, which in the case of high volume of import industry will lead to rising pressure for inflation. Inflation pressure can also be caused by the increasing in aggregate supplies, as a result of rising production costs.Indonesia's experience in overcoming inflation began with the phenomenon of uncontrolled inflation in the Old Order, where national budget deficit was financed by loans from Bank Indonesia. During the New Order, high inflation is overcome by the initiation of balanced budget programs and by encouraging production. The government stimulates foreign and domestic investment, as shown by the formulation ofUUPMA and UUPMDS in 1968. Besides monetary policies to counter inflation, the government also revives aggregate supplies by deregulating the production sector.
THE EFFECT OF ASYMMETRICAL INFORMATION AND RISK ATTITUDE ON INCENTIVE SCHEMES: A CONTINGENCY APPROAC JOGIYANTO HARTONO; BAMBANG RIYANTO LS
Journal of Indonesian Economy and Business (JIEB) Vol 12, No 1 (1997): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

This paper discusses several incentive models. Some models are only appropriate for risk neutral agents, but not for risk averse agents. For certain circumstances, a quadratic model is needed to replace a linear model The choice of which model is the appropriate one is the question addressed by this paper. Risk attitude and several aspects of asymmetric information will be discussed.
PENYUSUNAN TOLOK UKUR EVALUASI KINERJA BUMN BERDASAR ALTERNATIF PENGELOMPOKANNYA Faried Wijaya Mansoer; Sri Maemunah Soeharto
Journal of Indonesian Economy and Business (JIEB) Vol 11, No 1 (1996): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

Public enterprise has two dimensions. As a business enterprice, it has to be profitable and grows. As a public organization, it has to be public oriented. Those two different interests could be in conflict with each other, however, it has to be kept in a balance, although it is difficult to be realizedThis paper tries to group the public enterprises that can be used in the formulation of the performance criteria. By grouping them, it will simpler without reducing its uniqueness because of the differences in almost 200 public enterprises in Indonesia. The performance criteria is stressed on the evaluation of management effectiveness. The paper also tries to Identify the attitude of their executives on the objectives and the weight of the criteria by grouping them and to test how for similarity of their perceptions among them and the government official as focal point.Public enterprises could be grouped based on their product and consumer approach into 4 categories Groups I consists of public enterprises which goal has In distribution, Group II concentrate on infrastructure, Group III has the task to accelerate economic development, and Group IV is acting more as a source of government revenue to finance economic development and improving the balance of payment. Referring to the executives responsibility on performance, our public enterprises can be grouped according to two approaches, namely the responsibility center and relative balance approach in relation to their public and business dimensions. Responsibility center approach consists of profit center group, expenditur center, social responsibility center, and standart cost center group. Meanwhile, relative balance approach regarding public and business dimensions, which resulting a group that tends to be more public regulated by government and group that tends to be more business oriented market mechanism. Using statistical inference, it can be concluded that there is no srgnificant difference in objectves and priority among the public groups with difference goals. There is no correlationn between objectives priority and the weight of criteria on group that has goal of distribution and infrastucture. However, whitin the group that has goal of accelerating economic development and source of government revenue, there is a clear correlation between objective priority and weight of criteria. Our study suggests that there is no significant difference in perception between the public enterprise executive and government official in determining ojectves priority and the weight of criteria. This lack of difference may be caused by the fact that all are governed by the same regulation and all executive are evaluated on the same criteria.Formulating performance criteria by using strategic business unit approach has resulted an illation formula for management effectiveness that can be used to evaluate all activities of each iliac enterprise taking into account commercial and non commercial performance and different ornament policy caused by the different market structure and supply condition.
SPESIFIKASI DINAMIS, MODEL INVESTASI JANGKA PANJANG: SEBUAH STUDI KASUS DI DAERAH MALUKU Alia Radiant
Journal of Indonesian Economy and Business (JIEB) Vol 10, No 1 (1995): September
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (466.076 KB) | DOI: 10.22146/jieb.39942

Abstract

Selama dua dasa warsa terakhir ini, berbagai studi tentang model dinamis telah banyak mendapat perhatian di Indonesia. Perkembangan dalam analisis kuantitatif, khususnya ekonometrika, dapat membantu peneliti dalam membentuk dan menaksir suatu model ekonomi yang diharapkan mampu mencerminkan keadaan yang sebenarnya terjadi dalam suatu pengamatan. Makalah ini bertujuan untuk menyelidiki pengaruh PDRB riil, suku bunga danangkatan kerja terhadap investasi swasta di Maluku. Untuk maksud tersebutdigunakan pendekatan penyesualan parsial (Partial Adjustment Approach).

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