Pub Date : 2023-06-30DOI: 10.14421/ekbis.2023.7.1.1649
S. B. Adegboyega, I. Odusanya, J. Ogede, O. E. Atoyebi
The study evaluates the relationship between domestic credit and Nigeria's inflation rate analysing data spanning from 1986 through 2020. The research is ex-post in nature, hence the study employed statistical analysis models to build a predictive assessment for inflation, leveraging on the Autoregressive distributed lag model (ARDL) and the Granger Causality test to ascertain the magnitude of the association and the direction of causation, separately. The study confirms the complexities of Nigeria's relationship between domestic credit and inflation, with economic growth maintaining a positive and insignificant relationship with inflation (INF), while credit to the private sector (CPS) and interest rates have a negative and insignificant relationship with inflation in the long run. Furthermore, in the short run the coefficient of error correction model showed a negative sign, suggesting a short run effect between inflation rate and domestic credit. The findings reaffirm the one-way relationship between inflation and private sector domestic credit. It is advised that funding tools be used efficiently and effectively to fulfil desired investment, competitiveness, and economic growth drives.
{"title":"Domestic Credit and Inflation Rate Shock: A New Empiric Evidence from Nigeria","authors":"S. B. Adegboyega, I. Odusanya, J. Ogede, O. E. Atoyebi","doi":"10.14421/ekbis.2023.7.1.1649","DOIUrl":"https://doi.org/10.14421/ekbis.2023.7.1.1649","url":null,"abstract":"The study evaluates the relationship between domestic credit and Nigeria's inflation rate analysing data spanning from 1986 through 2020. The research is ex-post in nature, hence the study employed statistical analysis models to build a predictive assessment for inflation, leveraging on the Autoregressive distributed lag model (ARDL) and the Granger Causality test to ascertain the magnitude of the association and the direction of causation, separately. The study confirms the complexities of Nigeria's relationship between domestic credit and inflation, with economic growth maintaining a positive and insignificant relationship with inflation (INF), while credit to the private sector (CPS) and interest rates have a negative and insignificant relationship with inflation in the long run. Furthermore, in the short run the coefficient of error correction model showed a negative sign, suggesting a short run effect between inflation rate and domestic credit. The findings reaffirm the one-way relationship between inflation and private sector domestic credit. It is advised that funding tools be used efficiently and effectively to fulfil desired investment, competitiveness, and economic growth drives.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139367155","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 : 2023-06-17DOI: 10.14421/ekbis.2023.7.1.1603
Ima Sartika Dewi, Joko Ade Nursiyono
The global COVID-19 pandemic has infected million people in Indonesia. East Java has experienced Indonesia’s epicentre of positive COVID-19 cases. The economic disruption in East Java due to COVID-19 pandemic has led to increase the number of poor people. This study aims to examine the determinants of poverty during the pandemic outbreak. In this study, we employed multiple linear regression. The results reveals that simultaneously the cumulative number of COVID-19, unemployment rate, Gini Ratio, population density, human development index (HDI), and GRDP per capita affect the risk of poverty in East Java. Partially, the cumulative number of COVID-19, unemployment rate, population density, and HDI shows a significant effect to poverty. While the Gini ratio and GRDP per capita has an insignificant effect. The increase on cumulative number of COVID-19 cases is likely to increase the risk of poverty. Similarly, unemployment has a positive significant affect on poverty. The increase on unemployment rate tends to increase the number of poor people. Contrary, the HDI and population density have a negatively significant effect to poverty. The increase on HDI and population density tends to increase the number of poor people.
{"title":"Determinants of Poverty in East Java During The COVID-19 Pandemic","authors":"Ima Sartika Dewi, Joko Ade Nursiyono","doi":"10.14421/ekbis.2023.7.1.1603","DOIUrl":"https://doi.org/10.14421/ekbis.2023.7.1.1603","url":null,"abstract":"The global COVID-19 pandemic has infected million people in Indonesia. East Java has experienced Indonesia’s epicentre of positive COVID-19 cases. The economic disruption in East Java due to COVID-19 pandemic has led to increase the number of poor people. This study aims to examine the determinants of poverty during the pandemic outbreak. In this study, we employed multiple linear regression. The results reveals that simultaneously the cumulative number of COVID-19, unemployment rate, Gini Ratio, population density, human development index (HDI), and GRDP per capita affect the risk of poverty in East Java. Partially, the cumulative number of COVID-19, unemployment rate, population density, and HDI shows a significant effect to poverty. While the Gini ratio and GRDP per capita has an insignificant effect. The increase on cumulative number of COVID-19 cases is likely to increase the risk of poverty. Similarly, unemployment has a positive significant affect on poverty. The increase on unemployment rate tends to increase the number of poor people. Contrary, the HDI and population density have a negatively significant effect to poverty. The increase on HDI and population density tends to increase the number of poor people.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139369552","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 : 2023-06-15DOI: 10.14421/ekbis.2023.7.2.1764
Nafachatus Shachariyah, Sulis Rochayatun
Audit quality has become an important issue for accounting professionals. The phenomenon of audit quality criticism from stakeholders such as users of financial statements and the government who shows dissatisfaction with financial statements will pressure auditors to improve audit quality. Auditors do not always apply audit procedures in the audit program. Audit quality behavior is defined as the auditor's actions during the audit process by reducing the effectiveness of existing audit evidence. This study aims to discuss the behavior of audit quality reduction a review of the existing literature related to that issues and then identify empirical evidence from previous research. Data collection techniques through search in national and international journals and selected based on related keywords, audit quality reduction. Based on the results of previous research, it is known that time pressure, work-family conflict, high work stress levels, audit fees, and experience can affect the behavior of decreasing audit quality. In contrast, work-family conflict and experience have no significant effect. The implications of the results of this study are expected to provide an in-depth understanding of the factors that affect the reduction of audit quality so that it can be used as evaluation material to improve audit quality.
{"title":"Audit Quality Reduction Behavior: A Literature Review","authors":"Nafachatus Shachariyah, Sulis Rochayatun","doi":"10.14421/ekbis.2023.7.2.1764","DOIUrl":"https://doi.org/10.14421/ekbis.2023.7.2.1764","url":null,"abstract":"Audit quality has become an important issue for accounting professionals. The phenomenon of audit quality criticism from stakeholders such as users of financial statements and the government who shows dissatisfaction with financial statements will pressure auditors to improve audit quality. Auditors do not always apply audit procedures in the audit program. Audit quality behavior is defined as the auditor's actions during the audit process by reducing the effectiveness of existing audit evidence. This study aims to discuss the behavior of audit quality reduction a review of the existing literature related to that issues and then identify empirical evidence from previous research. Data collection techniques through search in national and international journals and selected based on related keywords, audit quality reduction. Based on the results of previous research, it is known that time pressure, work-family conflict, high work stress levels, audit fees, and experience can affect the behavior of decreasing audit quality. In contrast, work-family conflict and experience have no significant effect. The implications of the results of this study are expected to provide an in-depth understanding of the factors that affect the reduction of audit quality so that it can be used as evaluation material to improve audit quality.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139369926","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 : 2023-06-15DOI: 10.14421/ekbis.2023.7.1.1614
Muhammad Irkham Firdaus, Saipul Nasution, Devid Frastiawan Amir Sup
Profit is the main goal taken by businessmen. The amount of profit earned is used as a measuring tool to evaluate the success of a business, so the profit earned must be higher than the cost of production. Nevertheless, there are business actors who take profits that are too large to be detrimental to consumers, so it is necessary to have a good profit standard, where the profits taken still benefit the businessman and not harm the consumer. So the profit taken must be fair and balanced with the cost of production taken. One of the characteristics of a capitalist economy is to minimize capital and obtain maximum profit. Whereas in Islamic economics the profit taken must be fair according to the capital issued. Islam is not specified, but a good profit does not exceed one -third of the capital. The concept of the goal of falah in Islamic business is problematic, and the ultimate goal is the good of the world and the hereafter. In this paper, we will discuss the law of maximizing business profits in Islamic Economic Law, as well as explain the concept of profit taking in Islam.
{"title":"Maximizing Business Profit: A Perspective from Islamic Economic Law","authors":"Muhammad Irkham Firdaus, Saipul Nasution, Devid Frastiawan Amir Sup","doi":"10.14421/ekbis.2023.7.1.1614","DOIUrl":"https://doi.org/10.14421/ekbis.2023.7.1.1614","url":null,"abstract":"Profit is the main goal taken by businessmen. The amount of profit earned is used as a measuring tool to evaluate the success of a business, so the profit earned must be higher than the cost of production. Nevertheless, there are business actors who take profits that are too large to be detrimental to consumers, so it is necessary to have a good profit standard, where the profits taken still benefit the businessman and not harm the consumer. So the profit taken must be fair and balanced with the cost of production taken. One of the characteristics of a capitalist economy is to minimize capital and obtain maximum profit. Whereas in Islamic economics the profit taken must be fair according to the capital issued. Islam is not specified, but a good profit does not exceed one -third of the capital. The concept of the goal of falah in Islamic business is problematic, and the ultimate goal is the good of the world and the hereafter. In this paper, we will discuss the law of maximizing business profits in Islamic Economic Law, as well as explain the concept of profit taking in Islam.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139369889","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 : 2023-06-15DOI: 10.14421/ekbis.2023.7.2.1763
Henny Dwijayani, Moh Idris Marzuki, Linda Ratna Sari, Muchtar, Aslichah
This study uses financial ratio analysis to investigate the company's stock returns. This study aims to determine the dominant influence of several financial ratios on stock returns. Financial ratios are helpful in evaluating relied returns. The quantitative research approach is used to analyze how financial ratios affect stock returns. The population of this study is companies in the food and beverage sector listed on the Indonesia Stock Exchange. The analysis was carried out from 2017 to 2020 using secondary data sources. Purposive sampling is used in this study, with the sample chosen based on predetermined standards and subjected to multiple linear regression analysis. The analysis' findings demonstrate that DER and TATO have no significant effect on stock returns, while CR, ROA, and ROE have a significant effect on stock returns. optimal corporate profitability is not always achieved by having too many current assets. Additionally, unproductive management of surplus and unused funds will impact declining stock returns. The results of this study indicate that idle current assets cannot generate company profitability because the current ratio is too high indicating an excess of current assets relative to fixed assets.
{"title":"Financial Ratios and Stock Return in the Food and Beverage Company","authors":"Henny Dwijayani, Moh Idris Marzuki, Linda Ratna Sari, Muchtar, Aslichah","doi":"10.14421/ekbis.2023.7.2.1763","DOIUrl":"https://doi.org/10.14421/ekbis.2023.7.2.1763","url":null,"abstract":"This study uses financial ratio analysis to investigate the company's stock returns. This study aims to determine the dominant influence of several financial ratios on stock returns. Financial ratios are helpful in evaluating relied returns. The quantitative research approach is used to analyze how financial ratios affect stock returns. The population of this study is companies in the food and beverage sector listed on the Indonesia Stock Exchange. The analysis was carried out from 2017 to 2020 using secondary data sources. Purposive sampling is used in this study, with the sample chosen based on predetermined standards and subjected to multiple linear regression analysis. The analysis' findings demonstrate that DER and TATO have no significant effect on stock returns, while CR, ROA, and ROE have a significant effect on stock returns. optimal corporate profitability is not always achieved by having too many current assets. Additionally, unproductive management of surplus and unused funds will impact declining stock returns. The results of this study indicate that idle current assets cannot generate company profitability because the current ratio is too high indicating an excess of current assets relative to fixed assets.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139369745","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 : 2022-07-07DOI: 10.14421/ekbis.2022.6.1.1558
Arya Aji Aditya, Andi Rahmat Kaswar
The purpose of this study is to examine two relationships: (1) innovation capital and firm value; and (2) innovation capital and firm risk. The population of this study was all companies listed on the Indonesia Stock Exchange from 2016-2020, and the required research sample was drawn using a purposive sampling technique. Data analysis technique used multiple linear regression. The result revealed that innovation capital had a positive and statistically significant effect on firm value, but innovation capital had a negative and insignificant relationship on firm risk. Based on the analysis, it can be concluded that innovation capital has a potential factor to increase company's value, only if companies have a competitive advantage by disclosing the R&D costs and investments in their financial statements. Because of each company is unique, innovation capital is not always related to a systematic risk measurement.
{"title":"The Relationship between Innovation Capital, Firm Value, and Firm Risk","authors":"Arya Aji Aditya, Andi Rahmat Kaswar","doi":"10.14421/ekbis.2022.6.1.1558","DOIUrl":"https://doi.org/10.14421/ekbis.2022.6.1.1558","url":null,"abstract":"The purpose of this study is to examine two relationships: (1) innovation capital and firm value; and (2) innovation capital and firm risk. The population of this study was all companies listed on the Indonesia Stock Exchange from 2016-2020, and the required research sample was drawn using a purposive sampling technique. Data analysis technique used multiple linear regression. The result revealed that innovation capital had a positive and statistically significant effect on firm value, but innovation capital had a negative and insignificant relationship on firm risk. Based on the analysis, it can be concluded that innovation capital has a potential factor to increase company's value, only if companies have a competitive advantage by disclosing the R&D costs and investments in their financial statements. Because of each company is unique, innovation capital is not always related to a systematic risk measurement.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115698031","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 : 2022-07-07DOI: 10.14421/ekbis.2022.6.1.1505
Darti Busni, Doli Witro, Raid Alghani, I. Setiawan, Nana Herdiana Abdurrahman
This article discusses the implementation of the concept of hybrid contracts in the product of ijarah al muntahiya bit tamlik (IMBT) and leasing at Indonesia Islamic Financial Institutions. This article aimed to find out the implementation of hybrid contract concept in IMBT and leasing products at Indonesia Islamic Financial Institutions. This article was conducted using qualitative research method. The data in this study were obtained from library materials such as books, journals, articles, etc. Data analysis techniques used were data condensation, data presentation, and drawing conclusions. The analysis results showed that the development of contracts in Islamic financial institutions was inevitable due to the implementation of multi-contracts. The merging of two contracts is also known as (hybrid contract or al-'uqudal-murakkabah) such as ijarah al mutahiya bit tamlik (IMBT). IMBT is a combination of two inter-ijarah contracts (lease) and the sale and purchase or grant is made at the end of the lease term. The implementation and merging of two contracts (hybrid contracts) in IMBT may use several contracts, including ijarah contract, ba'i contract, wakalah contract, and hibah contract.
本文讨论了印度尼西亚伊斯兰金融机构在IMBT和租赁产品中实施混合合同概念的情况。本文旨在了解印尼伊斯兰金融机构在IMBT和租赁产品中混合契约理念的实施情况。本文采用定性研究方法进行。本研究数据来源于图书、期刊、文章等图书馆资料。使用的数据分析技术包括数据浓缩、数据表示和得出结论。分析结果表明，由于实行多重合同，伊斯兰金融机构中合同的发展是必然的。两个合同的合并也被称为(混合合同或al-'uqudal-murakkabah)，如ijarah al mutahiya bit tamlik (IMBT)。IMBT是两个邦间合同(租赁)的组合，在租赁期限结束时进行买卖或授予。在IMBT中实现和合并两个合同(混合合同)可能使用多个合同，包括ijarah合同、ba'i合同、wakalah合同和hibah合同。
{"title":"Hybrid Contracts in Leasing and Ijarah Muntahiya Bit Tamlik in Indonesia Sharia Financial Institutions","authors":"Darti Busni, Doli Witro, Raid Alghani, I. Setiawan, Nana Herdiana Abdurrahman","doi":"10.14421/ekbis.2022.6.1.1505","DOIUrl":"https://doi.org/10.14421/ekbis.2022.6.1.1505","url":null,"abstract":"This article discusses the implementation of the concept of hybrid contracts in the product of ijarah al muntahiya bit tamlik (IMBT) and leasing at Indonesia Islamic Financial Institutions. This article aimed to find out the implementation of hybrid contract concept in IMBT and leasing products at Indonesia Islamic Financial Institutions. This article was conducted using qualitative research method. The data in this study were obtained from library materials such as books, journals, articles, etc. Data analysis techniques used were data condensation, data presentation, and drawing conclusions. The analysis results showed that the development of contracts in Islamic financial institutions was inevitable due to the implementation of multi-contracts. The merging of two contracts is also known as (hybrid contract or al-'uqudal-murakkabah) such as ijarah al mutahiya bit tamlik (IMBT). IMBT is a combination of two inter-ijarah contracts (lease) and the sale and purchase or grant is made at the end of the lease term. The implementation and merging of two contracts (hybrid contracts) in IMBT may use several contracts, including ijarah contract, ba'i contract, wakalah contract, and hibah contract.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128247400","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 : 2022-07-02DOI: 10.14421/ekbis.2022.6.1.1484
Fachmi Pachlevi Yandra, D. Wijayanti
This research aimed to predict social and psychological factors affecting individual investment decision in the Islamic capital market. Furthermore, the Theory of Planned Behavior Model (TPB) was used to explain irrational investor decisions affected by cognitive biases. We attempted to correct the pessimistic view of investors on the Islamic capital market using social & psychological perspectives. This study used a self-administered survey and obtained 82 investors and non-investors as respondents. The main criteria of individuals selected as respondents of the study were those who knew about the stock market and have heard the term Islamic capital market. This paper provided empirical insights on how the TPB model successfully explains the variance of change in investment intention. The results indicated that all predictors had a significant positive effect on individual investment intention. Individuals tend to exhibit a cognitive bias that lead to irrational decisions because individual’s attitude and PBC shape false perception of the usefulness of the Sharia capital market.
本研究旨在预测影响伊斯兰资本市场个人投资决策的社会及心理因素。在此基础上，利用计划行为模型理论(Theory of Planned Behavior Model, TPB)解释了认知偏差对投资者非理性决策的影响。我们试图用社会和心理学的观点来纠正投资者对伊斯兰资本市场的悲观看法。本研究采用自我调查的方式，选取了82名投资者和非投资者作为调查对象。被选为调查对象的个人的主要标准是那些了解股票市场和听说过伊斯兰资本市场一词的人。本文对TPB模型如何成功解释投资意愿变化的方差进行了实证分析。结果表明，各预测因子对个人投资意愿均有显著的正向影响。个人倾向于表现出认知偏差，导致非理性决策，因为个人的态度和PBC塑造了对伊斯兰资本市场有用性的错误认知。
{"title":"Do Social & Psychological Factors Affect Investment Intention in Islamic Capital Markets?","authors":"Fachmi Pachlevi Yandra, D. Wijayanti","doi":"10.14421/ekbis.2022.6.1.1484","DOIUrl":"https://doi.org/10.14421/ekbis.2022.6.1.1484","url":null,"abstract":"This research aimed to predict social and psychological factors affecting individual investment decision in the Islamic capital market. Furthermore, the Theory of Planned Behavior Model (TPB) was used to explain irrational investor decisions affected by cognitive biases. We attempted to correct the pessimistic view of investors on the Islamic capital market using social & psychological perspectives. This study used a self-administered survey and obtained 82 investors and non-investors as respondents. The main criteria of individuals selected as respondents of the study were those who knew about the stock market and have heard the term Islamic capital market. This paper provided empirical insights on how the TPB model successfully explains the variance of change in investment intention. The results indicated that all predictors had a significant positive effect on individual investment intention. Individuals tend to exhibit a cognitive bias that lead to irrational decisions because individual’s attitude and PBC shape false perception of the usefulness of the Sharia capital market.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125106570","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}
Rural banks in Indonesia have been experiencing a significant growth. Each company has diverse workforce. Excellent employees will contribute significantly to achieve the company's goals. However, some companies disregard any factors that can lead to optimal employee performance. The purpose of this study was to determine the effect of motivation, compensation, and work environment on the employee performance. This was a case study conducted at PT. BPRS Madina Mandiri Sejahtera Yogyakarta. A quantitative technique based on variance Structural Equation Modeling (SEM) and Partial Least Square (PLS) was used to acquire a better understanding of the relationship between variables. Questionnaires were used to collect 28 responses from the company’s employees. The finding revealed that compensation was a deterrent for companies that have not received awards in the previous five years. As a result, the company’s management must pay more attention to work compensation related to more efficient and effective use of human resources. The higher the employees’ salary, the more achievements achieved by the employees. The higher the number of high-performing employees, the lower the cost of non-essential work.
印度尼西亚的农村银行一直在经历显著的增长。每家公司都有不同的员工队伍。优秀的员工将为实现公司的目标做出重大贡献。然而，一些公司忽视了任何可能导致最佳员工绩效的因素。本研究的目的是确定动机、薪酬和工作环境对员工绩效的影响。这是在PT. BPRS Madina Mandiri Sejahtera Yogyakarta进行的案例研究。采用基于方差结构方程模型(SEM)和偏最小二乘法(PLS)的定量分析方法来更好地理解变量之间的关系。调查问卷收集了公司员工的28份回复。调查结果显示，对于过去5年没有获得奖励的公司来说，薪酬是一种威慑。因此，公司的管理层必须更加重视与人力资源更高效和有效利用有关的工作补偿。员工的工资越高，员工所取得的成就越多。高绩效员工的数量越多，非必要工作的成本就越低。
{"title":"Islamic Rural Bank Employee Performance: Role of Motivation, Compensation, and Work Environment","authors":"Hizbul Khootimah Az-zaakiyyah, Farid Hidayat, Abu Muna Almaududi Ausat, Suherlan Suherlan","doi":"10.14421/ekbis.2022.6.1.1551","DOIUrl":"https://doi.org/10.14421/ekbis.2022.6.1.1551","url":null,"abstract":"Rural banks in Indonesia have been experiencing a significant growth. Each company has diverse workforce. Excellent employees will contribute significantly to achieve the company's goals. However, some companies disregard any factors that can lead to optimal employee performance. The purpose of this study was to determine the effect of motivation, compensation, and work environment on the employee performance. This was a case study conducted at PT. BPRS Madina Mandiri Sejahtera Yogyakarta. A quantitative technique based on variance Structural Equation Modeling (SEM) and Partial Least Square (PLS) was used to acquire a better understanding of the relationship between variables. Questionnaires were used to collect 28 responses from the company’s employees. The finding revealed that compensation was a deterrent for companies that have not received awards in the previous five years. As a result, the company’s management must pay more attention to work compensation related to more efficient and effective use of human resources. The higher the employees’ salary, the more achievements achieved by the employees. The higher the number of high-performing employees, the lower the cost of non-essential work.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132371229","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 : 2022-06-30DOI: 10.14421/ekbis.2022.6.1.1479
F. Lima, Carolina Trinca Paulino, Rodrigo Lanna Franco Silveira, R. C. Gatsios, Alexandre Assaf Neto
In the face of the latest world financial crises, the ratings released by the regulatory agencies have gained distinction in the financial market. This paper proposes models to predict the future ratings of companies and countries. The analysis was carried out using quarterly data from 2010 to 2018 from companies in Brazil, South Africa, Germany, Argentina, Australia, Canada, Chile, China, Colombia, South Korea, the United States, France, Italy, Japan, Mexico, Peru, the United Kingdom, Russia, and India. The sample's number of companies and countries is limited to the availability of rating information and the other model information. We use the panel-ordered logit model for classifying the rating and the other economic and financial variables as an independent. The results show that the financial and economic variables are essential to predict the rating of financial and non-financial companies in Brazil as well as the sovereign rating of the sample countries. The predictive capacity of the models reached values close to 80%, emphasizing the forecasts of large banks with 94% accuracy. For the country sample, the results are close to 80% accuracy. With the results of the research, improvement in the financial and economic indicators and the increase in the predictive capacity of the market agents for the prior determination of future ratings of financial companies are expected.
{"title":"Determining Factors and their Impacts on the Ratings of Companies and Countries","authors":"F. Lima, Carolina Trinca Paulino, Rodrigo Lanna Franco Silveira, R. C. Gatsios, Alexandre Assaf Neto","doi":"10.14421/ekbis.2022.6.1.1479","DOIUrl":"https://doi.org/10.14421/ekbis.2022.6.1.1479","url":null,"abstract":"In the face of the latest world financial crises, the ratings released by the regulatory agencies have gained distinction in the financial market. This paper proposes models to predict the future ratings of companies and countries. The analysis was carried out using quarterly data from 2010 to 2018 from companies in Brazil, South Africa, Germany, Argentina, Australia, Canada, Chile, China, Colombia, South Korea, the United States, France, Italy, Japan, Mexico, Peru, the United Kingdom, Russia, and India. The sample's number of companies and countries is limited to the availability of rating information and the other model information. We use the panel-ordered logit model for classifying the rating and the other economic and financial variables as an independent. The results show that the financial and economic variables are essential to predict the rating of financial and non-financial companies in Brazil as well as the sovereign rating of the sample countries. The predictive capacity of the models reached values close to 80%, emphasizing the forecasts of large banks with 94% accuracy. For the country sample, the results are close to 80% accuracy. With the results of the research, improvement in the financial and economic indicators and the increase in the predictive capacity of the market agents for the prior determination of future ratings of financial companies are expected.","PeriodicalId":375939,"journal":{"name":"EkBis: Jurnal Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127221148","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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