Pub Date : 2022-07-16DOI: 10.30595/medek.v21i2.10738
Benedicta Victoria, Vanessa Starsha, Michael Wildon Chai
Tujuan dari penelitian ini adalah untuk menganalisis adanya anomali January Effect yang berkontribusi terhadap kinerja harga saham. Sampel yang digunakan dalam penelitian ini dipilih dengan metode purposive sampling yang meliputi 23 saham dari perusahaan yang termasuk dalam subsektor perbankan antara tahun 2016-2020, dengan kriteria tertentu. Penelitian ini merupakan penelitian event study yang meliputi pengamatan reaksi pasar terhadap harga harian saham sebelum, selama, dan setelah January Effect terjadi. Periode yang digunakan adalah H-5 (5 hari sebelum Januari) sampai H+5 (5 hari setelah Januari) tahun terpilih. Penelitian ini merupakan penelitian kuantitatif dengan menggunakan data sekunder yang berasal dari sumber atau pihak yang terpercaya yang kemudian akan diolah lebih lanjut. Data dianalisis dengan uji t sampel berpasangan. Hasilnya menunjukkan bahwa terdapat perbedaan signifikan return harian perusahaan perbankan di bulan Januari sedangkan dalam volume perdagangan dan abnormal return tidak terdapat perbedaan yang signifikan di bulan Januari
{"title":"Analisis Keberadaan Anomali January Effect Terhadap Kinerja Saham Di Industri Sub-Sektor Perbankan Tahun 2016-2020","authors":"Benedicta Victoria, Vanessa Starsha, Michael Wildon Chai","doi":"10.30595/medek.v21i2.10738","DOIUrl":"https://doi.org/10.30595/medek.v21i2.10738","url":null,"abstract":"Tujuan dari penelitian ini adalah untuk menganalisis adanya anomali January Effect yang berkontribusi terhadap kinerja harga saham. Sampel yang digunakan dalam penelitian ini dipilih dengan metode purposive sampling yang meliputi 23 saham dari perusahaan yang termasuk dalam subsektor perbankan antara tahun 2016-2020, dengan kriteria tertentu. Penelitian ini merupakan penelitian event study yang meliputi pengamatan reaksi pasar terhadap harga harian saham sebelum, selama, dan setelah January Effect terjadi. Periode yang digunakan adalah H-5 (5 hari sebelum Januari) sampai H+5 (5 hari setelah Januari) tahun terpilih. Penelitian ini merupakan penelitian kuantitatif dengan menggunakan data sekunder yang berasal dari sumber atau pihak yang terpercaya yang kemudian akan diolah lebih lanjut. Data dianalisis dengan uji t sampel berpasangan. Hasilnya menunjukkan bahwa terdapat perbedaan signifikan return harian perusahaan perbankan di bulan Januari sedangkan dalam volume perdagangan dan abnormal return tidak terdapat perbedaan yang signifikan di bulan Januari","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":"72 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90877891","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}
Pub Date : 2022-07-16DOI: 10.30595/medek.v21i2.11070
K. Komariah, Baroswi Basrowi
Tujuan dilaksanakannya penelitian ini adalah untuk a) dampak pandemic Covid-19 bagi driver ojek online di tengan persaingan dengan ojek online lainnya, b) motivasi driver ojek online. Metode yang diunakan pada penelitian ini adalah metode kualitatif deskriptif. Informan dalam penelitian ini dipilih secara random di Wilayah Kota Serang Banten. Penelitian dilakukan pada bulan Juni 2021 yang melibatkan 15 informan driver ojek online dari berbagai aplikasi ojek online. Proses pemilihan informan kunci dan informan lainnya menggelinding seperti bola salju (snowball) Agar validitas data meningkat, peneliti melakukan cek, recek dan crosscek serta memperlama waktu wawancara dengan informan. Metode penambilan data menggunakan pengamatan partisipatif, wawancara secara mendalam, observasi dan dokumentasi. Data yang diperoleh dianalisis dengan menggunakan langkah penelitian kualitatif antara lain pengumpulan data, klasifikasi data sesuai dengan tema, penyaringan data dan penarikan kesimpulan. Berdasarkan hasil analisis data diperoleh kesimpulan; a) Driver ojek online di Kota Serang, Banten merasakan dampak buruk dari pandemic Covid-19 ini dengan menurunnya pendapatannya; b) Penurunan pendapatan ojek di kota Serang pada masa pandemic Covid-19 ini dipengaruhi oleh beberapa factor antara lain; jam kerja, bonus insentif, area hotspots, kebijakan pemerintah dan persaingan dengan ojek online dari perusahaan lain; c) motivasi kerja ojek online karena kebutuhan keluarga yang semakin tinggi.
{"title":"Lika Liku Ojek Online Mendapatkan Point Dan Coin Di Tengah Maraknya Transportasi Digital","authors":"K. Komariah, Baroswi Basrowi","doi":"10.30595/medek.v21i2.11070","DOIUrl":"https://doi.org/10.30595/medek.v21i2.11070","url":null,"abstract":"Tujuan dilaksanakannya penelitian ini adalah untuk a) dampak pandemic Covid-19 bagi driver ojek online di tengan persaingan dengan ojek online lainnya, b) motivasi driver ojek online. Metode yang diunakan pada penelitian ini adalah metode kualitatif deskriptif. Informan dalam penelitian ini dipilih secara random di Wilayah Kota Serang Banten. Penelitian dilakukan pada bulan Juni 2021 yang melibatkan 15 informan driver ojek online dari berbagai aplikasi ojek online. Proses pemilihan informan kunci dan informan lainnya menggelinding seperti bola salju (snowball) Agar validitas data meningkat, peneliti melakukan cek, recek dan crosscek serta memperlama waktu wawancara dengan informan. Metode penambilan data menggunakan pengamatan partisipatif, wawancara secara mendalam, observasi dan dokumentasi. Data yang diperoleh dianalisis dengan menggunakan langkah penelitian kualitatif antara lain pengumpulan data, klasifikasi data sesuai dengan tema, penyaringan data dan penarikan kesimpulan. Berdasarkan hasil analisis data diperoleh kesimpulan; a) Driver ojek online di Kota Serang, Banten merasakan dampak buruk dari pandemic Covid-19 ini dengan menurunnya pendapatannya; b) Penurunan pendapatan ojek di kota Serang pada masa pandemic Covid-19 ini dipengaruhi oleh beberapa factor antara lain; jam kerja, bonus insentif, area hotspots, kebijakan pemerintah dan persaingan dengan ojek online dari perusahaan lain; c) motivasi kerja ojek online karena kebutuhan keluarga yang semakin tinggi. ","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":"137 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78511531","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}
Pub Date : 2022-07-16DOI: 10.30595/medek.v21i2.10904
Nabila Meira Adzraa Hariri, C. Barkah, Tetty Herawaty, Lina Auliana
Penelitian ini dilakukan untuk mengetahui apakah UMKM Hijab Wanderer Scarves sudah menjadi brand top of mind di benak para wanita berhijab di Kota Bandung. Metode yang digunakan dalam penelitian ini adalah metode kuantitatif untuk mendapatkan data melalui survei dengan teknik sampling menggunakan purposive sampling dan metode kualitatif deskriptif untuk mendapatkan data melalui wawancara kepada pihak perusahaan. Analisis dilakukan dengan tahapan melalui internal based resource, framework VRIO, SCA, dan TOWS. Dari analisis tersebut didapatkan strategi untuk mengatasi bisnis isu yaitu dengan cara meningkatkan brand awareness. Peningkatan brand awarenessini dilakukan melalui strategi funneling dengan program, yaitu konten interaktif pada instagram, mengadakan diskon untuk pembelian online, pemasangan iklan di platform youtube, mengikuti event hijab.
{"title":"Menjadikan Brand Top Of Mind Melalui Penggunaan Strategi Funneling (Studi Kasus Pada UMKM Wanderer Scarves)","authors":"Nabila Meira Adzraa Hariri, C. Barkah, Tetty Herawaty, Lina Auliana","doi":"10.30595/medek.v21i2.10904","DOIUrl":"https://doi.org/10.30595/medek.v21i2.10904","url":null,"abstract":"Penelitian ini dilakukan untuk mengetahui apakah UMKM Hijab Wanderer Scarves sudah menjadi brand top of mind di benak para wanita berhijab di Kota Bandung. Metode yang digunakan dalam penelitian ini adalah metode kuantitatif untuk mendapatkan data melalui survei dengan teknik sampling menggunakan purposive sampling dan metode kualitatif deskriptif untuk mendapatkan data melalui wawancara kepada pihak perusahaan. Analisis dilakukan dengan tahapan melalui internal based resource, framework VRIO, SCA, dan TOWS. Dari analisis tersebut didapatkan strategi untuk mengatasi bisnis isu yaitu dengan cara meningkatkan brand awareness. Peningkatan brand awarenessini dilakukan melalui strategi funneling dengan program, yaitu konten interaktif pada instagram, mengadakan diskon untuk pembelian online, pemasangan iklan di platform youtube, mengikuti event hijab.","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":"304 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79935117","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}
Naufal Dwinanda Narra Putra, R. Robiyanto, Hans Hananto Andreas
This study was conducted to analyze the performance of the portfolio formed with different asset classes. The instrument used is the consumption sector index with 5 cryptocurrencies. Does the formed portfolio have a better performance than the portfolio that is only formed from the consumption sector index. The type of data in this study uses secondary data in the form of a daily frequency time series with a research period from January 2019 to January 2021. The data in this study used quantitative data. Portfolio performance measurement in this study was measured using the ratio of Sharpe, Treynor, Jensen, Sortino, and Omega. Based on the results of the study, it shows that the performance of the consumption sector index portfolio that is hedged with cryptocurrency produces a higher rate of return in the period during the pandemic than in the period before the pandemic. However, there is 1 crypto that produces negative values in each ratio and research period, namely Tether. Overall, the results of this study can be concluded that adding cryptocurrency to the formation of a portfolio will get a better portfolio performance.
{"title":"Formulating Cryptocurrencies Dynamic Portfolio with Consumption Sectors’ Stocks","authors":"Naufal Dwinanda Narra Putra, R. Robiyanto, Hans Hananto Andreas","doi":"10.24856/mem.v37i2.2882","DOIUrl":"https://doi.org/10.24856/mem.v37i2.2882","url":null,"abstract":"This study was conducted to analyze the performance of the portfolio formed with different asset classes. The instrument used is the consumption sector index with 5 cryptocurrencies. Does the formed portfolio have a better performance than the portfolio that is only formed from the consumption sector index. The type of data in this study uses secondary data in the form of a daily frequency time series with a research period from January 2019 to January 2021. The data in this study used quantitative data. Portfolio performance measurement in this study was measured using the ratio of Sharpe, Treynor, Jensen, Sortino, and Omega. Based on the results of the study, it shows that the performance of the consumption sector index portfolio that is hedged with cryptocurrency produces a higher rate of return in the period during the pandemic than in the period before the pandemic. However, there is 1 crypto that produces negative values in each ratio and research period, namely Tether. Overall, the results of this study can be concluded that adding cryptocurrency to the formation of a portfolio will get a better portfolio performance.","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47230615","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}
Various online website marketplaces attract consumers to experience a good and visually pleasing shopping experience, especially for the young age group in generation Y or millennials. This study was made to explore the effect of online shopping experience in terms of aesthetics on customer satisfaction and impulse buying with eWOM as moderation. Through this study, there is a goal to contribute in explaining the importance of website aesthetics in the consumer shopping experience by adding eWOM for the millennial group which can affect customer satisfaction and impulse buying. The research was conducted by collecting data through a survey using a questionnaire distributed online. Data were analyzed using Structural Equation Model- Partial Least Square (SEM-PLS). The findings in this study are first, good aesthetics can directly increase customer satisfaction, and second, aesthetics influence impulse buying. The research implication, so that companies can set up the eWOM area as an active and positive means for customers to exchange and share their own opinions about the online shopping experience.
{"title":"Website Aesthetic in Millenial’s Customer Experience on Satisfaction and Impulse Buying: EWOM as Moderator","authors":"R. Anindita, Dbora Putri Perdana","doi":"10.24856/mem.v37i2.2829","DOIUrl":"https://doi.org/10.24856/mem.v37i2.2829","url":null,"abstract":"Various online website marketplaces attract consumers to experience a good and visually pleasing shopping experience, especially for the young age group in generation Y or millennials. This study was made to explore the effect of online shopping experience in terms of aesthetics on customer satisfaction and impulse buying with eWOM as moderation. Through this study, there is a goal to contribute in explaining the importance of website aesthetics in the consumer shopping experience by adding eWOM for the millennial group which can affect customer satisfaction and impulse buying. The research was conducted by collecting data through a survey using a questionnaire distributed online. Data were analyzed using Structural Equation Model- Partial Least Square (SEM-PLS). The findings in this study are first, good aesthetics can directly increase customer satisfaction, and second, aesthetics influence impulse buying. The research implication, so that companies can set up the eWOM area as an active and positive means for customers to exchange and share their own opinions about the online shopping experience.","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46659417","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}
AbstractThe use of a theory-driven perspective is very common, especially in economics research, and even becomes an inevitable approach. Problems arise when data, as a form of reality, does not synergize with theory. The resulting conclusion is very likely to be different from the theoretical statement. One method that refers to data-driven is the Vector Auto-Regressive (VAR) model, which puts all the variables involved in a position as endogenous variables. This study seeks to identify a statistically more accurate relationship in the relationship between variables, stock prices, consumer price index, Jakarta Inter-Bank Over rate, exchange rate, and Net Balance Trade. Observations were made from January 2016 to December 2020. This study found evidence that there is a recursive relationship between stock price variables and macroeconomic variables. The VAR model identifies the Net Balance Trade variable as an endogenous variable in 3 types of sectoral stocks and only manufacturing sector stocks that resemble it. These results have two theoretical consequences: first, setting stock prices without differentiating sectors carries the risk of generalization errors. Second, setting stock prices as the endogenous variable means assuming that the market is perfect, and efficient and market participants have rational behavior.
{"title":"Data Driven Perspective on Stock Price - Macroeconomic Variables: Indonesia Economy 2016-2020","authors":"Agung Nusantara, Sri Nawatmi, A. Santosa","doi":"10.24856/mem.v37i2.2818","DOIUrl":"https://doi.org/10.24856/mem.v37i2.2818","url":null,"abstract":"AbstractThe use of a theory-driven perspective is very common, especially in economics research, and even becomes an inevitable approach. Problems arise when data, as a form of reality, does not synergize with theory. The resulting conclusion is very likely to be different from the theoretical statement. One method that refers to data-driven is the Vector Auto-Regressive (VAR) model, which puts all the variables involved in a position as endogenous variables. This study seeks to identify a statistically more accurate relationship in the relationship between variables, stock prices, consumer price index, Jakarta Inter-Bank Over rate, exchange rate, and Net Balance Trade. Observations were made from January 2016 to December 2020. This study found evidence that there is a recursive relationship between stock price variables and macroeconomic variables. The VAR model identifies the Net Balance Trade variable as an endogenous variable in 3 types of sectoral stocks and only manufacturing sector stocks that resemble it. These results have two theoretical consequences: first, setting stock prices without differentiating sectors carries the risk of generalization errors. Second, setting stock prices as the endogenous variable means assuming that the market is perfect, and efficient and market participants have rational behavior.","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48133128","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}
The unique business environment and inconclusive findings make it interesting to conduct investigations related to corporate governance and performance in Indonesia. The investigation is carried out on all firms on the Indonesia Stock Exchange, which The Indonesian Institute for Corporate Governance has surveyed for almost two decades (2001 to 2019). The test results find a significant relationship between corporate governance and firm performance. This study underscores the importance of stakeholders in making a collective contribution to the firm. A series of tests have been carried out to validate these findings, and the results remain robust. This finding has important contributions and implications for regulators and firms, especially in developing countries.
{"title":"Corporate Governance Perception Index and Firm Performance in Indonesia","authors":"Arif Budi Satrio","doi":"10.24856/mem.v37i2.2884","DOIUrl":"https://doi.org/10.24856/mem.v37i2.2884","url":null,"abstract":"The unique business environment and inconclusive findings make it interesting to conduct investigations related to corporate governance and performance in Indonesia. The investigation is carried out on all firms on the Indonesia Stock Exchange, which The Indonesian Institute for Corporate Governance has surveyed for almost two decades (2001 to 2019). The test results find a significant relationship between corporate governance and firm performance. This study underscores the importance of stakeholders in making a collective contribution to the firm. A series of tests have been carried out to validate these findings, and the results remain robust. This finding has important contributions and implications for regulators and firms, especially in developing countries.","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68968753","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}
This study aims to examine the mediating role of human capital on the effect of entrepreneurial education and individual value on entrepreneurial intention. This research was conducted on students majoring in business at a university in Bali with a population of 7,246 people. A sample of 379 and data was collected using a questionnaire that returned as much as 279. Testing the research model using PLS-SEM with WarpPLS 7.0. The findings show that entrepreneurial education influence human capital, and individual value has an effect on human capital. Entrepreneurial education can influence entrepreneurial intention. Individuals could an effect on entrepreneurial intention, human capital can influence entrepreneurial intention. This study also found that human capital was able to partially mediate the influence of entrepreneurial education on entrepreneurial intention. Human capital was almost not able to mediate individual value on entrepreneurial intention. This study shows evidence of the importance of entrepreneurship education and individual value for creating competitive human capital in generating entrepreneurial intentions. These findings also provide an understanding of developing entrepreneurial intention models with an entrepreneurial education system and value strategies that shape the competitiveness of human capital.
{"title":"The Examining of Entrepreneurial Intention Among Students with Entrepreneurial Education and Individual Value: Mediation Role of Human Capital","authors":"Ida Ketut Kusumawijaya, P. Astuti","doi":"10.24856/mem.v37i2.3013","DOIUrl":"https://doi.org/10.24856/mem.v37i2.3013","url":null,"abstract":"This study aims to examine the mediating role of human capital on the effect of entrepreneurial education and individual value on entrepreneurial intention. This research was conducted on students majoring in business at a university in Bali with a population of 7,246 people. A sample of 379 and data was collected using a questionnaire that returned as much as 279. Testing the research model using PLS-SEM with WarpPLS 7.0. The findings show that entrepreneurial education influence human capital, and individual value has an effect on human capital. Entrepreneurial education can influence entrepreneurial intention. Individuals could an effect on entrepreneurial intention, human capital can influence entrepreneurial intention. This study also found that human capital was able to partially mediate the influence of entrepreneurial education on entrepreneurial intention. Human capital was almost not able to mediate individual value on entrepreneurial intention. This study shows evidence of the importance of entrepreneurship education and individual value for creating competitive human capital in generating entrepreneurial intentions. These findings also provide an understanding of developing entrepreneurial intention models with an entrepreneurial education system and value strategies that shape the competitiveness of human capital.","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41796897","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}
This study aims to examine how financial literacy affects financial inclusion through social capital mediation. This study uses 150 respondents who have experience, in the investment field in the Indonesian capital market. The independent variable in this study is financial literacy, using four dimensions: skill, behavior, knowledge, and attitude. The mediating variable is social capital using four dimensions (i.e., trust, bonding & bridging, and collective action). At the same time, the dependent variable in this study is financial inclusion, which has four dimensions (i.e., access, quality, usage, and welfare). The result of this research is that social capital has a significant positive effect on financial literacy and financial inclusion, but in this study, social capital has a partial mediating effect. The higher a person's financial literacy, the higher the social capital that person has. The higher a person's financial literacy, the higher the financial inclusion that person has. Our study result states that the higher a person’s financial literacy, the higher the person’s social capital. Besides, the higher a person’s financial literacy, the higher the financial inclusion.
{"title":"The Influence of Financial Literacy on Financial Inclusion: Social Capital as Mediating Variable","authors":"Gracia F. Goenadi, W. Murhadi, E. Ernawati","doi":"10.24856/mem.v37i2.2738","DOIUrl":"https://doi.org/10.24856/mem.v37i2.2738","url":null,"abstract":"This study aims to examine how financial literacy affects financial inclusion through social capital mediation. This study uses 150 respondents who have experience, in the investment field in the Indonesian capital market. The independent variable in this study is financial literacy, using four dimensions: skill, behavior, knowledge, and attitude. The mediating variable is social capital using four dimensions (i.e., trust, bonding & bridging, and collective action). At the same time, the dependent variable in this study is financial inclusion, which has four dimensions (i.e., access, quality, usage, and welfare). The result of this research is that social capital has a significant positive effect on financial literacy and financial inclusion, but in this study, social capital has a partial mediating effect. The higher a person's financial literacy, the higher the social capital that person has. The higher a person's financial literacy, the higher the financial inclusion that person has. Our study result states that the higher a person’s financial literacy, the higher the person’s social capital. Besides, the higher a person’s financial literacy, the higher the financial inclusion.","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46912889","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}
Indonesia as a tea exporter in the world has not maximized tea export opportunities as indicated by the decline in the value of tea exports from 2016 to 2020. This study aims to further analyze the competitiveness of Indonesian tea exports to major importing countries and predict the value of exports that will occur until 2025. This study used time series data from 2001-2020 which was analyzed with Revealed Comparative Advantage (RCA) and Autoregressive Integrated Moving Average (ARIMA). The results of the analysis show that the competitiveness of Indonesian tea exports to the main destination countries, namely Russia, Malaysia, China, Taiwan, and the United States, does not have a comparative advantage (RCA<1). However, based on forecasting results, the value of tea exports to Russia, Malaysia, and China is expected to increase until 2025. This increase in tea export value also has an impact in the form of strengthening the competitiveness of Indonesian tea exports in these countries even though the RCA index value is smaller than one. Thus, although the competitiveness of Indonesian tea exports is still weak in destination countries, Indonesia can optimize tea exports to countries that have increased competitiveness, such as Russia, Malaysia, and China.
{"title":"Analysis of Competitiveness and Forecasting of Indonesian Tea Exports to Main Destination Countries","authors":"Fadhlan Zuhdi, K. R. Rambe, Lola Rahmadona","doi":"10.24856/mem.v37i2.2888","DOIUrl":"https://doi.org/10.24856/mem.v37i2.2888","url":null,"abstract":"Indonesia as a tea exporter in the world has not maximized tea export opportunities as indicated by the decline in the value of tea exports from 2016 to 2020. This study aims to further analyze the competitiveness of Indonesian tea exports to major importing countries and predict the value of exports that will occur until 2025. This study used time series data from 2001-2020 which was analyzed with Revealed Comparative Advantage (RCA) and Autoregressive Integrated Moving Average (ARIMA). The results of the analysis show that the competitiveness of Indonesian tea exports to the main destination countries, namely Russia, Malaysia, China, Taiwan, and the United States, does not have a comparative advantage (RCA<1). However, based on forecasting results, the value of tea exports to Russia, Malaysia, and China is expected to increase until 2025. This increase in tea export value also has an impact in the form of strengthening the competitiveness of Indonesian tea exports in these countries even though the RCA index value is smaller than one. Thus, although the competitiveness of Indonesian tea exports is still weak in destination countries, Indonesia can optimize tea exports to countries that have increased competitiveness, such as Russia, Malaysia, and China.","PeriodicalId":31924,"journal":{"name":"Media Ekonomi dan Manajemen","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48824501","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}
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