Pub Date : 2024-04-11DOI: 10.15408/etk.v23i1.37452
Handi Risza
Research Originality: Technological developments have changed human behavior in economic activities, including payment methods that use e-wallets. On the other hand, consumers also need an e-wallet that complies with Sharia principles. The COVID-19 pandemic forced consumers to use digital payment methods. However, the number of studies related to the continued usage of Islamic e-wallets in Indonesia remains limited.Research Objectives: Hence, our study examines the factors influencing a person's intention to use an Islamic e-wallet.Research Method: The theoretical framework used in this study is the Technology Acceptance Model. The analysis technique employed is multiple regression analysis using 371 respondents.Result: Empirical results indicate that the factors influencing a person's intention to use an Islamic e-wallet are usability, ease of use, trustworthiness, and religiosity. However, the risk variable does not significantly affect a person's intention to use an Islamic e-wallet. Implication: These results imply that companies must improve the features and services of Islamic e-wallet applications.JEL Classification: D10, G29How to Cite:Risza, H. (2024). The Intention of Young Muslim Generation Using the Islamic E-wallet Services in Indonesia. Etikonomi, 23(1), 219 – 232. https://doi.org/10.15408/etk.v23i1.37452.
研究独创性：技术发展改变了人类的经济活动行为，包括使用电子钱包的支付方式。另一方面，消费者也需要符合伊斯兰教法原则的电子钱包。COVID-19 的流行迫使消费者使用数字支付方式。然而，与印尼伊斯兰电子钱包的持续使用相关的研究数量仍然有限：因此，我们的研究将探讨影响个人使用伊斯兰电子钱包意向的因素：本研究采用的理论框架是技术接受模型。采用的分析技术是多元回归分析法，受访者为 371 人：实证结果表明，影响个人使用伊斯兰电子钱包意向的因素包括可用性、易用性、可信度和宗教信仰。然而，风险变量对个人使用伊斯兰电子钱包的意向影响不大。意义：这些结果表明，公司必须改进伊斯兰电子钱包应用的功能和服务：D10, G29How to Cite:Risza, H. (2024).印度尼西亚年轻穆斯林一代使用伊斯兰电子钱包服务的意向》。Etikonomi, 23(1), 219 - 232. https://doi.org/10.15408/etk.v23i1.37452.
{"title":"The Intention of Young Muslim Generation to Use the Islamic E-Wallet Services in Indonesia","authors":"Handi Risza","doi":"10.15408/etk.v23i1.37452","DOIUrl":"https://doi.org/10.15408/etk.v23i1.37452","url":null,"abstract":"Research Originality: Technological developments have changed human behavior in economic activities, including payment methods that use e-wallets. On the other hand, consumers also need an e-wallet that complies with Sharia principles. The COVID-19 pandemic forced consumers to use digital payment methods. However, the number of studies related to the continued usage of Islamic e-wallets in Indonesia remains limited.Research Objectives: Hence, our study examines the factors influencing a person's intention to use an Islamic e-wallet.Research Method: The theoretical framework used in this study is the Technology Acceptance Model. The analysis technique employed is multiple regression analysis using 371 respondents.Result: Empirical results indicate that the factors influencing a person's intention to use an Islamic e-wallet are usability, ease of use, trustworthiness, and religiosity. However, the risk variable does not significantly affect a person's intention to use an Islamic e-wallet. Implication: These results imply that companies must improve the features and services of Islamic e-wallet applications.JEL Classification: D10, G29How to Cite:Risza, H. (2024). The Intention of Young Muslim Generation Using the Islamic E-wallet Services in Indonesia. Etikonomi, 23(1), 219 – 232. https://doi.org/10.15408/etk.v23i1.37452.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140714677","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 : 2024-04-11DOI: 10.15408/etk.v23i1.35293
D. Wiranatakusuma, Ecky Imamul Muttaqin
Research Originality: This study contributes to capturing credit cycle movements during the COVID-19 pandemic and compares sizes of credit and business cycles to promote banking stability.Research Objectives: This study attempts to examine banking behavior on amplitude and frequency indicators by focusing on the credit property of Islamic and conventional banks from 2014 to 2020.Research Methods: Ordinary Least Square, frequency base filter and turning point analysis are used.Empirical Results: This study unveiled that the size of an Islamic bank’s amplitude was higher than conventional bank’s amplitude. Meanwhile, the size of the frequency of Islamic banks had a longer frequency than conventional banks, given Islamic banks rely on real sector-based financing which has a longer period of economic expansion.Implications: It is also argued that conventional banks have a riskier leverage indicated by a higher percentage of amplitude. Thus, it is recommended to Indonesian banking sectors to promote the growth of Islamic banks to achieve financial stability. This research is significance in showing the Islamic banking’s contribution on stability given Indonesia is taking serious effort becoming the epicentrum of Islamic finance growth in the world.JEL Classification: E51, G01, G21How to Cite:Wiranatakusuma, D. B., & Muttaqin, E. I. (2024). Measuring Procyclicality Behavior on Islamic and Conventional Banks in Indonesia. Etikonomi, 23(1), 249 – 270. https://doi.org/10.15408/etk.v23i1.35293.
{"title":"Measuring Procyclicality Behavior on Islamic and Conventional Banks in Indonesia","authors":"D. Wiranatakusuma, Ecky Imamul Muttaqin","doi":"10.15408/etk.v23i1.35293","DOIUrl":"https://doi.org/10.15408/etk.v23i1.35293","url":null,"abstract":"Research Originality: This study contributes to capturing credit cycle movements during the COVID-19 pandemic and compares sizes of credit and business cycles to promote banking stability.Research Objectives: This study attempts to examine banking behavior on amplitude and frequency indicators by focusing on the credit property of Islamic and conventional banks from 2014 to 2020.Research Methods: Ordinary Least Square, frequency base filter and turning point analysis are used.Empirical Results: This study unveiled that the size of an Islamic bank’s amplitude was higher than conventional bank’s amplitude. Meanwhile, the size of the frequency of Islamic banks had a longer frequency than conventional banks, given Islamic banks rely on real sector-based financing which has a longer period of economic expansion.Implications: It is also argued that conventional banks have a riskier leverage indicated by a higher percentage of amplitude. Thus, it is recommended to Indonesian banking sectors to promote the growth of Islamic banks to achieve financial stability. This research is significance in showing the Islamic banking’s contribution on stability given Indonesia is taking serious effort becoming the epicentrum of Islamic finance growth in the world.JEL Classification: E51, G01, G21How to Cite:Wiranatakusuma, D. B., & Muttaqin, E. I. (2024). Measuring Procyclicality Behavior on Islamic and Conventional Banks in Indonesia. Etikonomi, 23(1), 249 – 270. https://doi.org/10.15408/etk.v23i1.35293.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140715334","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 : 2024-04-11DOI: 10.15408/etk.v23i1.33892
Hariyanto Hariyanto, R. Ratnasari, Sulistya Rusgianto, A. A. Pitchay
Research Originality: Indonesia, the fourth-most populous country after India, China, and the USA, has the largest Muslim population in the world, with a population of 231 million Muslims, or almost 13% worldwide. The number of millennial Muslim generations is around 59.415 million, or 85 percent of the total number of millennials, making it a potential market. This paper contributes to the existing behavioral intention literature by focusing on the integration of Acceptance and Use of Technology 2 (UTAUT2), Diffusion of Innovation (DOI) theory, and Perceived Security (PS) theory towards sharia digital services.Research Objectives: This research examines the antecedents of behavioral intention to adopt sharia digital services in ZISWAF distribution among the millennial Muslim generation in Indonesia.Research Methods: This study used a quantitative approach with the Structural Equation Modeling (SEM) analysis method and involved 350 respondents in Indonesia. By adopting the theories of Theory of Acceptance and Use of Technology 2 (UTAUT2), Diffusion of Innovation (DOI) theory, and Perceived Security (PS).Empirical Results: The study results show that performance expectancy, habit, price value, and compatibility have a positive and significant effect on behavioral intention to adopt sharia digital services in ZISWAF distribution. Furthermore, the price value variable is the strongest predictor of behavioral intention to adopt sharia digital services in ZISWAF distribution.Implications: This research has important meaning for the Indonesian government, ZISWAF institutions, and application providers because it provides valuable insight into considering accelerating ZISWAF distribution among the millennial Muslim generation.JEL Classification: Z12, L31How to Cite:Hariyanto., Ratnasari, R. T., Rusgianto, S., & Pitchay, A. A. (2024). Antecedents of Behavioral Intention to Adopt Sharia Digital Services in ZISWAF Distribution. Etikonomi, 23(1), 109 – 128. https://doi.org/10.15408/etk.v23i1.33892.
{"title":"Antecedents of Behavioral Intention to Adopt Sharia Digital Services in ZISWAF Distribution","authors":"Hariyanto Hariyanto, R. Ratnasari, Sulistya Rusgianto, A. A. Pitchay","doi":"10.15408/etk.v23i1.33892","DOIUrl":"https://doi.org/10.15408/etk.v23i1.33892","url":null,"abstract":"Research Originality: Indonesia, the fourth-most populous country after India, China, and the USA, has the largest Muslim population in the world, with a population of 231 million Muslims, or almost 13% worldwide. The number of millennial Muslim generations is around 59.415 million, or 85 percent of the total number of millennials, making it a potential market. This paper contributes to the existing behavioral intention literature by focusing on the integration of Acceptance and Use of Technology 2 (UTAUT2), Diffusion of Innovation (DOI) theory, and Perceived Security (PS) theory towards sharia digital services.Research Objectives: This research examines the antecedents of behavioral intention to adopt sharia digital services in ZISWAF distribution among the millennial Muslim generation in Indonesia.Research Methods: This study used a quantitative approach with the Structural Equation Modeling (SEM) analysis method and involved 350 respondents in Indonesia. By adopting the theories of Theory of Acceptance and Use of Technology 2 (UTAUT2), Diffusion of Innovation (DOI) theory, and Perceived Security (PS).Empirical Results: The study results show that performance expectancy, habit, price value, and compatibility have a positive and significant effect on behavioral intention to adopt sharia digital services in ZISWAF distribution. Furthermore, the price value variable is the strongest predictor of behavioral intention to adopt sharia digital services in ZISWAF distribution.Implications: This research has important meaning for the Indonesian government, ZISWAF institutions, and application providers because it provides valuable insight into considering accelerating ZISWAF distribution among the millennial Muslim generation.JEL Classification: Z12, L31How to Cite:Hariyanto., Ratnasari, R. T., Rusgianto, S., & Pitchay, A. A. (2024). Antecedents of Behavioral Intention to Adopt Sharia Digital Services in ZISWAF Distribution. Etikonomi, 23(1), 109 – 128. https://doi.org/10.15408/etk.v23i1.33892.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140715824","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}
Research Originality: Considering the originality of the study to have a deeper investigation on the impact of the pandemic on bank’s risk and return.Research Objectives: This study aims to identify the impact of Covid-19 on bank performance and risk levels.Research Methods: This study focuses on Islamic banks in 12 countries with the most developed financial sector during the 4th quarter of 2016 to the 1st quarter of 2022. The data analysis method in this study adopts panel data analysis with a fixed effect model.Empirical Results: The finding of the study shows that the Covid-19 pandemic resulted in a decline in the performance of Islamic banks, as seen from the ratio of return on average asset, return on equity, net profit margin, return on average asset, and return on average equity. However, an interesting finding from this research is that there is no concern about worsening bank risk levels as reflected in the nonperforming financing, Z-Score, and leverage ratio. Meanwhile, the control variables, bank size and inflation rate, also affect the performance and risk of Islamic banks.Implications: The study implies that banking practitioners and financial authority for the banking sector are required to issue some financial strategies in order to achieve and maintain a certain level of financial performance, especially during financial turmoil. JEL Classification: G20, G21, G28 How to Cite:Nugrohowati, R. N. I., & Fakhrunnas, F. (2024). The COVID-19 Matters for Islamic Banking Performance? A Cross-Countries Analysis. Etikonomi, 23(1), 201 – 218. https://doi.org/10.15408/etk.v23i1.31243.
研究的原创性：研究目的：本研究旨在确定 Covid-19 对银行业绩和风险水平的影响：本研究旨在确定 Covid-19 对银行业绩和风险水平的影响：本研究主要针对 2016 年第四季度至 2022 年第一季度金融业最发达的 12 个国家的伊斯兰银行。本研究的数据分析方法采用固定效应模型的面板数据分析：研究结果表明，从平均资产收益率、股本收益率、净利润率、平均资产收益率和平均股本收益率的比率来看，"科维德-19 "大流行导致伊斯兰银行业绩下降。然而，这项研究的一个有趣发现是，从不良融资、Z-Score 和杠杆比率中可以看出，人们并不担心银行风险水平会恶化。同时，银行规模和通货膨胀率等控制变量也会影响伊斯兰银行的业绩和风险：该研究表明，银行从业人员和银行业金融管理部门需要发布一些金融战略，以实现并保持一定的金融绩效水平，尤其是在金融动荡时期。JEL 分类：G20, G21, G28 如何引用：Nugrohowati, R. N. I., & Fakhrunnas, F. (2024).COVID-19对伊斯兰银行业绩效的影响？跨国分析。Etikonomi, 23(1), 201 - 218. https://doi.org/10.15408/etk.v23i1.31243.
{"title":"Is the COVID-19 Matters for Islamic Banking Performance? A Cross-Countries Analysis","authors":"Rindang Nuri Isnaini Nugrohowati, Faaza Fakhrunnas","doi":"10.15408/etk.v23i1.31243","DOIUrl":"https://doi.org/10.15408/etk.v23i1.31243","url":null,"abstract":"Research Originality: Considering the originality of the study to have a deeper investigation on the impact of the pandemic on bank’s risk and return.Research Objectives: This study aims to identify the impact of Covid-19 on bank performance and risk levels.Research Methods: This study focuses on Islamic banks in 12 countries with the most developed financial sector during the 4th quarter of 2016 to the 1st quarter of 2022. The data analysis method in this study adopts panel data analysis with a fixed effect model.Empirical Results: The finding of the study shows that the Covid-19 pandemic resulted in a decline in the performance of Islamic banks, as seen from the ratio of return on average asset, return on equity, net profit margin, return on average asset, and return on average equity. However, an interesting finding from this research is that there is no concern about worsening bank risk levels as reflected in the nonperforming financing, Z-Score, and leverage ratio. Meanwhile, the control variables, bank size and inflation rate, also affect the performance and risk of Islamic banks.Implications: The study implies that banking practitioners and financial authority for the banking sector are required to issue some financial strategies in order to achieve and maintain a certain level of financial performance, especially during financial turmoil. JEL Classification: G20, G21, G28 How to Cite:Nugrohowati, R. N. I., & Fakhrunnas, F. (2024). The COVID-19 Matters for Islamic Banking Performance? A Cross-Countries Analysis. Etikonomi, 23(1), 201 – 218. https://doi.org/10.15408/etk.v23i1.31243.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140715561","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 : 2024-04-11DOI: 10.15408/etk.v23i1.32703
Etikah Karyani, Agusman Agusman
Research Originality: To the best of our knowledge, this study is the first to investigate the impact of home country parent bank risks on destination country subsidiaries in an ASEAN setting. Moreover, this study adds to the previous literature by using the post-global financial crisis period in ASEAN countries, various types of risks, and dynamic panel data.Research Objectives: This study aims to examine the association between parent and foreign subsidiary banks. The study also examines how bank regulation, national governance, and financial deepening in host countries affect the association.Research Methods: This study uses dynamic panel data of 43 foreign banks operating in ASEAN emerging countries during the period 2010-2018.Empirical Results: The findings indicate a significantly positive association between parent and subsidiary bank risk, particularly for credit and liquidity risks. National governance and bank regulation mitigate the risk transmission. In contrast, financial deepening amplifies the transmission of risks between parent and subsidiary banks.Implications: This finding has important implications, in terms of policy interventions and regulatory mechanisms that national governments can deploy to lower risk exposure of subsidiary banks, while at the same time encouraging foreign investments into the financial services sectors in ASEAN countries.JEL Classification: F30, G21, G32How to Cite:Karyani, E., & Agusman. (2024). Risk Transmission of Foreign Subsidiary: Evidence from ASEAN Emerging Countries. Etikonomi, 23(1), 129 – 146. https://doi.org/10.15408/etk.v23i1.32703.
研究的独创性：据我们所知，本研究首次在东盟背景下调查母国母银行风险对目的国子公司的影响。此外，本研究通过使用东盟国家后全球金融危机时期、各种类型的风险和动态面板数据，对以往的文献进行了补充：本研究旨在探讨母公司银行与外国子公司银行之间的关联。研究方法：本研究使用 2010-2018 年期间在东盟新兴国家运营的 43 家外资银行的动态面板数据：研究结果表明，母公司和子公司银行风险之间存在明显的正相关关系，尤其是信用风险和流动性风险。国家治理和银行监管缓解了风险传导。与此相反，金融深化扩大了母子银行之间的风险传递：这一发现对于各国政府采取政策干预和监管机制以降低附属银行的风险敞口，同时鼓励外国投资进入东盟国家的金融服务领域具有重要意义：F30、G21、G32How to Cite:Karyani, E., & Agusman.(2024).Risk Transmission of Foreign Subsidiary：东盟新兴国家的证据。Etikonomi, 23(1), 129 - 146. https://doi.org/10.15408/etk.v23i1.32703.
{"title":"Risk Transmission of Foreign Subsidiary in ASEAN Emerging Countries","authors":"Etikah Karyani, Agusman Agusman","doi":"10.15408/etk.v23i1.32703","DOIUrl":"https://doi.org/10.15408/etk.v23i1.32703","url":null,"abstract":"Research Originality: To the best of our knowledge, this study is the first to investigate the impact of home country parent bank risks on destination country subsidiaries in an ASEAN setting. Moreover, this study adds to the previous literature by using the post-global financial crisis period in ASEAN countries, various types of risks, and dynamic panel data.Research Objectives: This study aims to examine the association between parent and foreign subsidiary banks. The study also examines how bank regulation, national governance, and financial deepening in host countries affect the association.Research Methods: This study uses dynamic panel data of 43 foreign banks operating in ASEAN emerging countries during the period 2010-2018.Empirical Results: The findings indicate a significantly positive association between parent and subsidiary bank risk, particularly for credit and liquidity risks. National governance and bank regulation mitigate the risk transmission. In contrast, financial deepening amplifies the transmission of risks between parent and subsidiary banks.Implications: This finding has important implications, in terms of policy interventions and regulatory mechanisms that national governments can deploy to lower risk exposure of subsidiary banks, while at the same time encouraging foreign investments into the financial services sectors in ASEAN countries.JEL Classification: F30, G21, G32How to Cite:Karyani, E., & Agusman. (2024). Risk Transmission of Foreign Subsidiary: Evidence from ASEAN Emerging Countries. Etikonomi, 23(1), 129 – 146. https://doi.org/10.15408/etk.v23i1.32703.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140714630","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 : 2024-04-11DOI: 10.15408/etk.v23i1.34368
Saizal Pinjaman, S. Taasim, Wo Yun, Jain Yassin
AbstractResearch Originality: This research is an initial attempt to unveil the structure of the dynamic relationship between commodity prices and the economic growth of Malaysia at various frequencies and moments in time.Research Objectives: This paper investigates the co-movement and lead-lag relationship between commodity prices and the economic growth of Malaysia at different frequencies and moments in time. Research Methods: The relationship between the variables is studied based on monthly data from 2015 to 2022 using the time-frequency analysis of Continuous Wavelet Transformation model. This method analyses the direction and lead-lag relationship between two time series to determine which variables are leading and the direction of their co-movement. Empirical Result: The relationships between commodity prices and economic growth are varied depending on frequency and moments in time. In the short run, most commodity prices exhibit an inverse relationship led by economic growth. Meanwhile, a positive co-movement with economic growth is indicated for most commodity prices in the medium run. These variables mostly move in unison, except for rubber and palm oil, which led the relationship. Nevertheless, the co-movement of commodity prices and economic growth showed a diminishing magnitude in the long run.Implications: Malaysia's policy frameworks should consider the economic dynamic responses towards commodity prices in facilitating its economic growth. In addition, efforts should be made to diversify economic activities, reducing the level of dependence on commodities in the country’s trade basket.JEL Classification: Q32, O44, O11How to Cite:Pinjaman, S., Taasim, S.I., Yun, W.S., & Yassin, J. (202x). The Co-Movement Between Commodity Prices and the Economic Growth of Malaysia. Etikonomi, 23(1), 11 – 26. https://doi.org/10.15408/etk.v23i1.34368.
摘要 研究独创性：本研究初步尝试揭示商品价格与马来西亚经济增长之间在不同频率和时间时刻的动态关系结构：本文研究了马来西亚商品价格与经济增长在不同频率和时刻的共动和滞后关系。研究方法：基于2015年至2022年的月度数据，采用连续小波变换模型的时频分析方法研究变量之间的关系。这种方法分析两个时间序列之间的方向和领先-滞后关系，以确定哪些变量是领先的，以及它们共同运动的方向。实证结果：商品价格与经济增长之间的关系因频率和时间时刻的不同而各异。在短期内，大多数商品价格在经济增长的引导下呈现反向关系。同时，从中期来看，大多数商品价格与经济增长呈正相关关系。除了橡胶和棕榈油的走势领先于经济增长之外，其他变量的走势大多是一致的。然而，从长期来看，商品价格与经济增长的共同变动幅度越来越小：马来西亚的政策框架应考虑经济对商品价格的动态反应，以促进其经济增长。此外，应努力实现经济活动的多样化，降低该国贸易篮子对商品的依赖程度：Q32、O44、O11How to Cite:Pinjaman, S.、Taasim, S.I.、Yun, W.S. & Yassin, J. (202x)。商品价格与马来西亚经济增长之间的共同变动。Etikonomi, 23(1), 11 - 26. https://doi.org/10.15408/etk.v23i1.34368.
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Fiscal transfer policies and road infrastructure are essential in reducing inequality in Indonesia. However, previous research examining the effect of fiscal transfer policies and road infrastructure still came up with inconclusive findings, thus making it necessary to conduct further research on rural, urban, and sub-national areas in Indonesia. This study examines the impact of fiscal transfer policies and road infrastructure on reducing income inequality in rural, urban, and sub-national areas. The authors utilized time-series data from 2012 to 2021 and 34 provinces. The fixed effect GLS model showed that Kuznets' hypothesis existed at rural, urban, and sub-national levels. The results also showed that the special allocations fund significantly reduced income inequality in rural, urban, and sub-national areas. However, road infrastructure was significant only in urban areas. The findings suggest that the special allocation fund policy can be expanded in scope and increased in number to accelerate the reduction in income inequality.JEL Classification: O15, L92, O18, O23
{"title":"Fiscal Transfer Policies and Road Infrastructure Reduce Income Inequality in Rural-Urban Areas","authors":"Khusaini Khusaini, Bambang Mardisentosa, Tetuko Rawidyo Putro","doi":"10.15408/etk.v22i2.28618","DOIUrl":"https://doi.org/10.15408/etk.v22i2.28618","url":null,"abstract":"Fiscal transfer policies and road infrastructure are essential in reducing inequality in Indonesia. However, previous research examining the effect of fiscal transfer policies and road infrastructure still came up with inconclusive findings, thus making it necessary to conduct further research on rural, urban, and sub-national areas in Indonesia. This study examines the impact of fiscal transfer policies and road infrastructure on reducing income inequality in rural, urban, and sub-national areas. The authors utilized time-series data from 2012 to 2021 and 34 provinces. The fixed effect GLS model showed that Kuznets' hypothesis existed at rural, urban, and sub-national levels. The results also showed that the special allocations fund significantly reduced income inequality in rural, urban, and sub-national areas. However, road infrastructure was significant only in urban areas. The findings suggest that the special allocation fund policy can be expanded in scope and increased in number to accelerate the reduction in income inequality.JEL Classification: O15, L92, O18, O23","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135788801","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 : 2023-10-03DOI: 10.15408/etk.v22i2.26563
Andi Amri, Tri Widyastuti, Syamsul Bahri, Zulmi Ramdani
Only a few studies have examined the use of comprehensive variables in determining financial management behavior, though the model involves many other variables. Therefore, this study aimed to examine the locus of control as a mediator variable in the effect of financial attitude and knowledge, income, and spiritual intelligence on financial management behavior. It used a quantitative descriptive method and involved 391 respondents determined through convenience sampling. The results showed that financial attitude and spiritual intelligence significantly impact financial management behavior through locus of control. Whereas in the other two variables, namely financial knowledge, and income, the role of the mediator does not function effectively, so it does not have an indirect effect. These findings have implications for individuals to practice financial readiness in daily financial life. The information obtained also strengthens the role of self-control in financial management.JEL Classification: G40, G41
{"title":"Effect of Individual Attributes toward Financial Management Behavior through Locus of Control","authors":"Andi Amri, Tri Widyastuti, Syamsul Bahri, Zulmi Ramdani","doi":"10.15408/etk.v22i2.26563","DOIUrl":"https://doi.org/10.15408/etk.v22i2.26563","url":null,"abstract":"Only a few studies have examined the use of comprehensive variables in determining financial management behavior, though the model involves many other variables. Therefore, this study aimed to examine the locus of control as a mediator variable in the effect of financial attitude and knowledge, income, and spiritual intelligence on financial management behavior. It used a quantitative descriptive method and involved 391 respondents determined through convenience sampling. The results showed that financial attitude and spiritual intelligence significantly impact financial management behavior through locus of control. Whereas in the other two variables, namely financial knowledge, and income, the role of the mediator does not function effectively, so it does not have an indirect effect. These findings have implications for individuals to practice financial readiness in daily financial life. The information obtained also strengthens the role of self-control in financial management.JEL Classification: G40, G41","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135788802","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 : 2023-10-03DOI: 10.15408/etk.v22i2.31003
Mahjus Ekananda
In the era of the global economy, increasing banking competition will encourage an increase in banking transactions and activities. Banking transactions and activities will affect a country's financial stability. The purpose is to obtain the nonlinear effect of banking competition on financial stability at a specific regime. Previous research assumed that this impact applies to every economic regime. The impact of banking competition on financial stability can change at certain regime levels. Nonlinear impact occurs according to the regime. The method is based on a nonlinear threshold regression model. The researchers obtained the data from five ASEAN countries. The findings of this research are in-depth information about the financial system stability model. Analysis of the effect of variance supports the inconsistency of the effects found by several previous researchers. Practical implications are aimed at policymakers to make different decisions at the GDP level, CAR and Liquidity. The economic regime in each country is different, so this analysis is constructive for policymakers to see the conditions of banking competition and financial system stability at a certain regime level. The originality article systematically offers an analysis that assumes the effect can change at a certain regime level.JEL Classification: E5, G15, G01, G32, C24
{"title":"The Impact of Banking Competition on Bank Financial Stability: Evidence from ASEAN 5 Countries","authors":"Mahjus Ekananda","doi":"10.15408/etk.v22i2.31003","DOIUrl":"https://doi.org/10.15408/etk.v22i2.31003","url":null,"abstract":"In the era of the global economy, increasing banking competition will encourage an increase in banking transactions and activities. Banking transactions and activities will affect a country's financial stability. The purpose is to obtain the nonlinear effect of banking competition on financial stability at a specific regime. Previous research assumed that this impact applies to every economic regime. The impact of banking competition on financial stability can change at certain regime levels. Nonlinear impact occurs according to the regime. The method is based on a nonlinear threshold regression model. The researchers obtained the data from five ASEAN countries. The findings of this research are in-depth information about the financial system stability model. Analysis of the effect of variance supports the inconsistency of the effects found by several previous researchers. Practical implications are aimed at policymakers to make different decisions at the GDP level, CAR and Liquidity. The economic regime in each country is different, so this analysis is constructive for policymakers to see the conditions of banking competition and financial system stability at a certain regime level. The originality article systematically offers an analysis that assumes the effect can change at a certain regime level.JEL Classification: E5, G15, G01, G32, C24","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789042","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 : 2023-10-03DOI: 10.15408/etk.v22i2.34281
Mohamad Soleh Nurzaman, Elvira Herdiani
Religiosity is expected to be a positive driving factor of consumption demand for environmentally friendly fashion products. However, few studies have been found that focus on consumer behavior in purchasing sustainable fashion, and none use religiosity as an explanatory variable. This study, therefore, is the first to analyze the effect of religiosity on the intention to consume sustainable fashion products. This study used a quantitative approach with the Structural Equation Modelling (SEM) analysis method and involved 522 respondents in Indonesia. By adopting the theory of planned behavior model, the study results show that religiosity significantly positively affects purchase intentions of sustainable fashion products through the variables' attitude towards behavior and perceived behavioral control. At the same time, the green thinking variable also has a positive impact, but altruism is irrelevant to sustainable fashion consumption. These results indicate that if the consumer is religious, this can lead to a better environmentally friendly attitude and result in a tendency to consume sustainable fashion products.JEL Classification: D12, D90, Z12
{"title":"Intentions to Consume Sustainable Fashion Products in Indonesia: Does Religiosity Affect ?","authors":"Mohamad Soleh Nurzaman, Elvira Herdiani","doi":"10.15408/etk.v22i2.34281","DOIUrl":"https://doi.org/10.15408/etk.v22i2.34281","url":null,"abstract":"Religiosity is expected to be a positive driving factor of consumption demand for environmentally friendly fashion products. However, few studies have been found that focus on consumer behavior in purchasing sustainable fashion, and none use religiosity as an explanatory variable. This study, therefore, is the first to analyze the effect of religiosity on the intention to consume sustainable fashion products. This study used a quantitative approach with the Structural Equation Modelling (SEM) analysis method and involved 522 respondents in Indonesia. By adopting the theory of planned behavior model, the study results show that religiosity significantly positively affects purchase intentions of sustainable fashion products through the variables' attitude towards behavior and perceived behavioral control. At the same time, the green thinking variable also has a positive impact, but altruism is irrelevant to sustainable fashion consumption. These results indicate that if the consumer is religious, this can lead to a better environmentally friendly attitude and result in a tendency to consume sustainable fashion products.JEL Classification: D12, D90, Z12","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789040","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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