Optimum: Jurnal Ekonomi dan Pembangunan最新文献

ESG and firm performance: The moderating role of gender diversity 环境、社会和公司治理与公司业绩：性别多样性的调节作用

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.8647

Dewi Khornida Marheni, Sherry Sherry, Yulfiswandi Yulfiswandi

{"title":"ESG and firm performance: The moderating role of gender diversity","authors":"Dewi Khornida Marheni, Sherry Sherry, Yulfiswandi Yulfiswandi","doi":"10.12928/optimum.v14i1.8647","DOIUrl":"https://doi.org/10.12928/optimum.v14i1.8647","url":null,"abstract":"Disclosure of ESG from companies around the world has experienced a drastic increase, this phenomenon is also accompanied by an increase in socially responsible investment. This study investigates the moderating role of gender diversity in the relationship between the individual dimensions of ESG (environmental disclosure, social disclosure, and governance disclosure) and the company’s performance (Tobin's Q) in IDX companies. The research design is causal-explanatory. Based on the theory of previous findings, hypotheses were developed and tested by applying panel data regression to 42 IDX companies in the period of 2017 to 2021. The results found that disclosure of governance had a significant negative effect on company performance as measured by Tobin's Q. Moderation of gender diversity plays a role in weakening the relationship between governance disclosure with company performance. Several managerial implications are proposed based on this research. Managers may consider other ways to address stakeholder concerns about environmental and social performance. Indonesian policymakers can authorize regulations regarding ESG disclosure requirements to boost firm performance and lead to economic stability.","PeriodicalId":282022,"journal":{"name":"Optimum: Jurnal Ekonomi dan Pembangunan","volume":"355 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140757648","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Analysis of exchange rates in the economic uncertainty era 经济不确定时代的汇率分析

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.9750

Tiara Salim, Aris Soelistyo

{"title":"Analysis of exchange rates in the economic uncertainty era","authors":"Tiara Salim, Aris Soelistyo","doi":"10.12928/optimum.v14i1.9750","DOIUrl":"https://doi.org/10.12928/optimum.v14i1.9750","url":null,"abstract":"The exchange rate, an essential macroeconomic indicator, reflects the economy's strength. In 2023, global economic uncertainty poses a risk to the health of a country's economy, particularly impacting the exchange rate, which is crucial for global economic transactions. This study examines how exports, inflation, interest rates, GDP, and a dummy variable for economic uncertainty affect the rupiah's value against the USD. The study employs the Error Correction Model (ECM) and tests based on classical assumptions to conduct this analysis. Understanding the indicators that influence fluctuations in the rupiah exchange rate is critical in planning effective economic policies, so this research is essential to provide in-depth insight into how short-term and long-term influences on the exchange rate are affected by independent variables as well as contributing to the understanding of policy in predict exchange rates. This research concludes that exports, inflation, and GDP are the factors that dominate this research in designing policies to maintain the stability of the Rupiah currency against the USD in facing the threat of economic uncertainty. The implication of the study that government needs to strengthen exports and maintain the stability of price to control inflation.","PeriodicalId":282022,"journal":{"name":"Optimum: Jurnal Ekonomi dan Pembangunan","volume":"852 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140772990","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Long-term stability of money demand and monetary policy in Indonesia 印度尼西亚货币需求和货币政策的长期稳定性

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.9146

Vinna Agustantira, I. Asngari, Sri Andaiyani

{"title":"Long-term stability of money demand and monetary policy in Indonesia","authors":"Vinna Agustantira, I. Asngari, Sri Andaiyani","doi":"10.12928/optimum.v14i1.9146","DOIUrl":"https://doi.org/10.12928/optimum.v14i1.9146","url":null,"abstract":"The purpose of this study is to determine the long-term and short-term relationship between inflation, interest rates, exchange rates, and economic growth to the demand for money in Indonesia. The method used in this study is Autoregressive Distributed Lag (ARDL). The Data used are money demand, inflation, interest rates, exchange rates, GDP in Indonesia for the period 2015-2021. The results of this study are inflation has a positive relationship and significantly affects the demand for money, interest rates have a negative relationship and does not affect significantly, the exchange rate has a positive relationship, while GDP has a positive relationship in the short term, but in the long term has a negative relationship and does not affect significantly. Policymakers should develop and implement comprehensive long-term economic plans that prioritize sustainable growth. This may include initiatives to diversify the economy, enhance productivity, improve infrastructure, and promote investments to foster a stable economic environment that minimizes adverse effects on the demand for money in the long run. This research can help monetary authorities determine appropriate policies to maintain economic stability, such as collaborating with the government in overcoming market failures with the aim of achieving price stability.","PeriodicalId":282022,"journal":{"name":"Optimum: Jurnal Ekonomi dan Pembangunan","volume":"69 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140785400","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Flypaper effect phenomenon on regional spending: Evidence from Lampung province 地区支出的蝇头小利效应现象：楠榜省的证据

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.9482

S. Suripto, Istanti Istanti, Rai Rake Setyawan, Fina Hajar Aulia

{"title":"Flypaper effect phenomenon on regional spending: Evidence from Lampung province","authors":"S. Suripto, Istanti Istanti, Rai Rake Setyawan, Fina Hajar Aulia","doi":"10.12928/optimum.v14i1.9482","DOIUrl":"https://doi.org/10.12928/optimum.v14i1.9482","url":null,"abstract":"The existence of constitutional changes due to regional autonomy and changes in financial authority as a result of decentralization are expected to make provinces in Indonesia more flexible in using regional financial budgets. However, the use of regional budgets exceeds central government transfers towards more consumptive regions, which impacts the flypaper effect phenomenon. This study aims to identify the government's fiscal influence on regional spending and the influence of flypaper on the effectiveness of regional spending. The aim of this research is also to analyze the possibility of a flypaper effect on regional spending in districts/cities in Lampung province and to see the influence of own sources revenue (PAD), general allocation funds (DAU), special allocation funds (DAK), profit sharing funds (DBH) on regional spending. Research location in Lampung Province (district/city) for the 2016-2020. The number of samples used was 15 districts/cities. The data source from the Central Statistics Agency (BPS) website is secondary data from the annual Regional Financial Statistics report for Lampung Province. The analytical tool used is panel data regression. The research results show that PAD and DAU are significant to regional spending, while DAK and DBH are not significant to regional expenditures. This indicates that with five years of regional spending, Lampung Province has a flypaper effect phenomenon.","PeriodicalId":282022,"journal":{"name":"Optimum: Jurnal Ekonomi dan Pembangunan","volume":"141 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140793471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Relative risk of COVID-19 pandemic and regional inflation convergence in Indonesia: Spatial panel data approach 印度尼西亚 COVID-19 大流行的相对风险与地区通胀趋同：空间面板数据方法

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.8935

Sayifullah Sayifullah, Samsul Arifin

{"title":"Relative risk of COVID-19 pandemic and regional inflation convergence in Indonesia: Spatial panel data approach","authors":"Sayifullah Sayifullah, Samsul Arifin","doi":"10.12928/optimum.v14i1.8935","DOIUrl":"https://doi.org/10.12928/optimum.v14i1.8935","url":null,"abstract":"The purpose of this study is to investigate the relationship between the risk of a COVID-19 pandemic and regional inflation convergence in Indonesia. Because the COVID-19 recession differs from the previous inflation recession, it is important to investigate regional inflation convergences in order to evaluate the inflation rate and the impact of macroeconomic policy on inflation convergence. The spatial panel data used in this study ranges from 2020:M3 to 2021:M12. The dynamic econometric spatial panel data model is used to quantify relative risk without spatial or SIRs to calculate the impact of the COVID-19 pandemic on regional inflation convergence in Indonesia. On the contrary, for calculating the risk relative to spatial elements, the CAR Leroux or BSCL Bayesian Spatial Model is used. Using BSCL, the calculation of the relative risk value for the COVID-19 pandemic concludes that Sumatera Island, Java Island, Kalimantan Island, Sulawesi Island, Maluku Island, and Papua Island have high risks, while Bali Island and Nusa Tenggara Island have low risks. In both static and dynamic models, the influence of currency circulation on inflation convergence is positive, and the relative risk of a COVID-19 pandemic on inflation convergence is negative. Monetary phenomena during the COVID-19 pandemic determined inflation behavior in Indonesia. Studies show that the COVID-19 pandemic is a deterrent to inflation convergence, while the circulation of money drives inflation convergence.","PeriodicalId":282022,"journal":{"name":"Optimum: Jurnal Ekonomi dan Pembangunan","volume":"342 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140763842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does the development of fintech promote debt risk? Evidence from East Java province 金融科技的发展会促进债务风险吗？来自东爪哇省的证据

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.9036

Angga Restu Wardhana, Diyan Indriyani

引用次数: 0

Effect of trade liberalization on ASEAN-China exports: A gravity model approach 贸易自由化对东盟-中国出口的影响：引力模型方法

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.6713

Nurul Azizah Az-zakiyah, Lestari Sukarniati, Maria Isabel Coutinho Vieira

{"title":"Effect of trade liberalization on ASEAN-China exports: A gravity model approach","authors":"Nurul Azizah Az-zakiyah, Lestari Sukarniati, Maria Isabel Coutinho Vieira","doi":"10.12928/optimum.v14i1.6713","DOIUrl":"https://doi.org/10.12928/optimum.v14i1.6713","url":null,"abstract":"This study aimed to analyze the impact of trade liberalization between ASEAN and China on ASEAN and China export using the gravity models approach. The liberalization of trade openness is measured by the ratio of the total exports of ASEAN countries and China. The data used are annual panel data consisting of the ten ASEAN member countries and US states from 2010 to 2021. The difference with previous research is the object of research which analyzes specifically related to the free trade agreement carried out between ASEAN member countries and China which is analyzed using the Gravity model. The results of the estimation ASEAN models is the variable openness ASEAN countries against the China positive influence on ASEAN exports. China openness toward ASEAN variables did not significantly affect ASEAN exports. Results of the estimation China model shows the openness variable ASEAN against US no effect on China exports. Variable China openness toward ASEAN positive effect on China exports. Of the two models of the estimated proved that trade liberalization ASEAN - China influence on ASEAN exports and China exports. The implication of the study in free trade agreement that ASEAN countries is more focused on the sector of agriculture product, food, textile and some extractive industries.\u0000\u0000\u0000\u0000\u0000The results of the estimation ASEAN models is the variable openness ASEAN countries against the China positive influence on ASEAN exports. China openness toward ASEAN variables did not significantly affect ASEAN exports. Results of the estimation China model shows the openness variable ASEAN against US no effect on China exports. Variable China openness toward ASEAN positive effect on China exports. Of the two models of the estimated proved that trade liberalization ASEAN - China influence on ASEAN exports and China exports\u0000\u0000\u0000\u0000","PeriodicalId":282022,"journal":{"name":"Optimum: Jurnal Ekonomi dan Pembangunan","volume":"448 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140782169","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Effect of minimum wages on labor, welfare and economic growth: Evidence from East Java province 最低工资对劳动力、福利和经济增长的影响：东爪哇省的证据

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.8139

Mohammad Rizal, Arini Fitria Mustapita

{"title":"Effect of minimum wages on labor, welfare and economic growth: Evidence from East Java province","authors":"Mohammad Rizal, Arini Fitria Mustapita","doi":"10.12928/optimum.v14i1.8139","DOIUrl":"https://doi.org/10.12928/optimum.v14i1.8139","url":null,"abstract":"Wage issues are still a major concern, especially in Indonesia. The fact that wages constitute the most significant part of a person's income makes it an important indicator that reflects the level of welfare of a country. The minimum wage policy also serves as a protective tool for companies to maintain labor productivity. This research analyze the relationship between minimum wages and the number of labor, welfare, and economic growth in East Java. East Java has a significant role in the number of labor, prosperity, and economic growth, making a major contribution to the national economy with a substantial workforce. This research uses a quantitative approach. The data analysis technique uses canonical correlation statistical techniques. The data used taken from the annual reports of each city/district for 2018-2022, totaling 38 regions. The number of labor, welfare, and economic growth can be predicted through the city/district minimum wage. Meanwhile, individually, the minimum wage has the relationship with the number of labor because wages are the primary motivation of workers. In addition, the minimum wage is related to the welfare of workers in East Java, and the minimum wage is related to economic growth.","PeriodicalId":282022,"journal":{"name":"Optimum: Jurnal Ekonomi dan Pembangunan","volume":"825 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140782012","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Ethical predicaments of gig economy: Bibliometric approach 打工经济的伦理困境：文献计量学方法

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.9316

Anthony Andrew Wahyu Kusumo Hadi, A. Pratono

{"title":"Ethical predicaments of gig economy: Bibliometric approach","authors":"Anthony Andrew Wahyu Kusumo Hadi, A. Pratono","doi":"10.12928/optimum.v14i1.9316","DOIUrl":"https://doi.org/10.12928/optimum.v14i1.9316","url":null,"abstract":"This article rigorously examines the landscape of gig economy literature, focusing intently on ethical considerations through a comprehensive bibliometric analysis of 1000 publications spanning from 2015 to 2023. The investigation reveals the emergence of four primary cluster topics—gig economy, flexibility, privacy, and security—unveiling critical dimensions within the ongoing discourse on the evolving nature of gig employment. Significantly, the study identifies intriguing subtopics necessitating further exploration, such as data security, surveillance, worker exploitation, precarity, and legal considerations. This nuanced exploration not only contributes to the existing gig economy literature but also catalyzes essential discussions surrounding pressing ethical concerns in the contemporary world of work. The implications of the findings are profound, emphasizing the imperative for sustained research efforts to deepen our understanding of the evolving challenges within the gig economy, thereby enriching policy debates in the ever-evolving landscape of the labor market. This study not only provides valuable insights but also acts as a roadmap for ongoing discourse, guiding future inquiries into the intricate ethical facets of the gig economy and shaping frameworks and policies aligned with the dynamic nature of contemporary work environments.","PeriodicalId":282022,"journal":{"name":"Optimum: Jurnal Ekonomi dan Pembangunan","volume":"744 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140782384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

MSME lending and its impact on the unemployment rate: Evidence from Indonesia 中小微企业贷款及其对失业率的影响：印度尼西亚的证据

Optimum: Jurnal Ekonomi dan Pembangunan Pub Date : 2024-04-01 DOI: 10.12928/optimum.v14i1.9259

Ummi Khalida Ulya MahaPutri, A. Satrianto

{"title":"MSME lending and its impact on the unemployment rate: Evidence from Indonesia","authors":"Ummi Khalida Ulya MahaPutri, A. Satrianto","doi":"10.12928/optimum.v14i1.9259","DOIUrl":"https://doi.org/10.12928/optimum.v14i1.9259","url":null,"abstract":"Micro, small, and medium enterprises (MSMEs) are business sectors that contribute positively to economic development and their contribution to national income. However, as the number of MSMEs increases but MSME faces several problems. The most prominent issue is the lack of capital owned by the entrepreneurs to develop their businesses. In lending, there are several things that need to be considered by creditors and debtors to maintain the intermediary function of the bank. By providing targeted credit, more workers can be absorbed so that Indonesia's unemployment rate continues to fall. This study using panel data regression. First model using the random effect model (REM) method and second model using the fixed effect model (FEM) method with a cross-section of 33 provinces in Indonesia and time series 2015-2022. The test results show that the DPK variable, the number of branches, and inflation have a positive and significant effect on total MSME lending and the NPL variable has no effect on total MSME credit. Furthermore, the total MSME lending variable and the economic growth rate have a negative significant effect on the unemployment rate. This research provides a deeper understanding of the factors that determine MSME lending and how they relate to the unemployment rate in 33 Indonesian provinces. It can also be used as a basis for formulating more effective policies related to MSME lending with the potential to reduce the unemployment rate.","PeriodicalId":282022,"journal":{"name":"Optimum: Jurnal Ekonomi dan Pembangunan","volume":"669 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140782624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0