Pub Date : 2022-03-16DOI: 10.15408/etk.v21i1.19616
Rahmatun Layali, S. Suriani
This study aims to look at how the number of tourists and the exchange rate affects Indonesia's foreign exchange reserves before and after the implementation of halal tourism from 2010 to 2019 (monthly). The Paired t-Test model was used to look at the differences in Indonesia before and after halal tourism. By examining the short and long-term effects of tourist numbers and currency rates on foreign exchange reserves using the Error Correction Model. Halal tourism, according to the research, helps Indonesia's foreign exchange reserves. The exchange rate has a negative impact on foreign exchange reserves in this situation. Meanwhile, the number of international visitors has a favourable impact on both short- and long-term foreign exchange reserves. It demonstrates that the tourism sector, particularly halal tourism, can be one of the supporting sectors in increasing the country's foreign exchange, encouraging the government to implement policies to support its tourism industry.How to Cite:Rahmatun, L., & Suriani. (2022). Halal Tourism and Foreign Exchange Reserves in Indonesia: Erroc Correction Model. Etikonomi, 21(1), 177-192. https://doi.org/10.15408/etk.v21i1.19616.
{"title":"Halal Tourism and Foreign Exchange Reserves in Indonesia: Error Correction Model","authors":"Rahmatun Layali, S. Suriani","doi":"10.15408/etk.v21i1.19616","DOIUrl":"https://doi.org/10.15408/etk.v21i1.19616","url":null,"abstract":"This study aims to look at how the number of tourists and the exchange rate affects Indonesia's foreign exchange reserves before and after the implementation of halal tourism from 2010 to 2019 (monthly). The Paired t-Test model was used to look at the differences in Indonesia before and after halal tourism. By examining the short and long-term effects of tourist numbers and currency rates on foreign exchange reserves using the Error Correction Model. Halal tourism, according to the research, helps Indonesia's foreign exchange reserves. The exchange rate has a negative impact on foreign exchange reserves in this situation. Meanwhile, the number of international visitors has a favourable impact on both short- and long-term foreign exchange reserves. It demonstrates that the tourism sector, particularly halal tourism, can be one of the supporting sectors in increasing the country's foreign exchange, encouraging the government to implement policies to support its tourism industry.How to Cite:Rahmatun, L., & Suriani. (2022). Halal Tourism and Foreign Exchange Reserves in Indonesia: Erroc Correction Model. Etikonomi, 21(1), 177-192. https://doi.org/10.15408/etk.v21i1.19616.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44856239","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 : 2022-03-16DOI: 10.15408/etk.v21i1.16984
A. Kiani, Zubaria Andleeb, Jawaid A. Qureshi
The main objective of this study is to estimate the determinants of drinking water supply on the housing rental value using survey based data for the years 2013-14 in Pakistan. Hedonic pricing model is applied using rental value of the houses per month as dependent variable. Piped-water connection and number of rooms show significant impact on housing prices for both rural and urban. Using marginal implicit pricing method, Marginal willingness to pay (MWTP) is also calculated using the median of the rental values of the houses for both rural-urban regions and owned-rented houses. PKR 1676 and PKR 332 are willing to pay per month for urban and rural areas respectively to have quality of water inside their houses. On the same lines, PKR 1087 and PKR 521 are computed values of WTP for these who have their own houses and living on rent respectively.How to Cite:Kiani, A., Andleeb, Z., & Qureshi, J. A. (2022). Willingness to Pay for Access to Piped Water using Hedonic Pricing Model. Etikonomi, 21(1), 79-88. https://doi.org/10.15408/etk.v21i1.16984.
{"title":"Willingness to Pay for Access to Piped Water using Hedonic Pricing Model","authors":"A. Kiani, Zubaria Andleeb, Jawaid A. Qureshi","doi":"10.15408/etk.v21i1.16984","DOIUrl":"https://doi.org/10.15408/etk.v21i1.16984","url":null,"abstract":"The main objective of this study is to estimate the determinants of drinking water supply on the housing rental value using survey based data for the years 2013-14 in Pakistan. Hedonic pricing model is applied using rental value of the houses per month as dependent variable. Piped-water connection and number of rooms show significant impact on housing prices for both rural and urban. Using marginal implicit pricing method, Marginal willingness to pay (MWTP) is also calculated using the median of the rental values of the houses for both rural-urban regions and owned-rented houses. PKR 1676 and PKR 332 are willing to pay per month for urban and rural areas respectively to have quality of water inside their houses. On the same lines, PKR 1087 and PKR 521 are computed values of WTP for these who have their own houses and living on rent respectively.How to Cite:Kiani, A., Andleeb, Z., & Qureshi, J. A. (2022). Willingness to Pay for Access to Piped Water using Hedonic Pricing Model. Etikonomi, 21(1), 79-88. https://doi.org/10.15408/etk.v21i1.16984.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48013807","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 : 2022-03-16DOI: 10.15408/etk.v21i1.12316
A. Hakim, Z. Dalimunthe
This study aims to identify factors that influence financing sustainability, thereby determining the probability of attaining the subsequent financing from Islamic social funds. Islamic social funds provide funding for micro-firms using a financing scheme that differs from conventional financing terms. For the lower level, Islamic social funds usually offer a limited amount of no-cost financing called qard. In contrast, for more profitable micro-firms, Islamic social funds provide low-cost financing called murabahah. However, most micro-firms need financing in sustainable terms, either using a qard scheme or a murabahah scheme. We assume that only micro-firms showing business growth may generate higher financing using the murabahah scheme. We use data from 1,346 micro-firms. We found several factors that contribute significantly to a micro-firm having a higher chance of generating further funding, such as group-type financing, amount of funding (plafond), time to maturity, and demographic aspects such as age and number of dependents. However, we found that the initial contract scheme (whether qard or murabahah) does not relate to the chance of eligibility for further financing.How to Cite:Hakim, A. & Dalimunthe, Z. (2022). The Probability of Financing Sustainability of Micro firms Financially Supported by Islamic Social Fund. Etikonomi, 21(1), 127-138. https://doi.org/10.15408/etk.v21i1.12316.
{"title":"The Probability of the Financing Sustainability of Micro-firms Supported by Islamic Social Fund","authors":"A. Hakim, Z. Dalimunthe","doi":"10.15408/etk.v21i1.12316","DOIUrl":"https://doi.org/10.15408/etk.v21i1.12316","url":null,"abstract":"This study aims to identify factors that influence financing sustainability, thereby determining the probability of attaining the subsequent financing from Islamic social funds. Islamic social funds provide funding for micro-firms using a financing scheme that differs from conventional financing terms. For the lower level, Islamic social funds usually offer a limited amount of no-cost financing called qard. In contrast, for more profitable micro-firms, Islamic social funds provide low-cost financing called murabahah. However, most micro-firms need financing in sustainable terms, either using a qard scheme or a murabahah scheme. We assume that only micro-firms showing business growth may generate higher financing using the murabahah scheme. We use data from 1,346 micro-firms. We found several factors that contribute significantly to a micro-firm having a higher chance of generating further funding, such as group-type financing, amount of funding (plafond), time to maturity, and demographic aspects such as age and number of dependents. However, we found that the initial contract scheme (whether qard or murabahah) does not relate to the chance of eligibility for further financing.How to Cite:Hakim, A. & Dalimunthe, Z. (2022). The Probability of Financing Sustainability of Micro firms Financially Supported by Islamic Social Fund. Etikonomi, 21(1), 127-138. https://doi.org/10.15408/etk.v21i1.12316.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45409778","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 : 2022-03-16DOI: 10.15408/etk.v21i1.21299
M. S. Abd. Majid, F. Faisal, H. Fahlevi, A. Azhari
This study empirically assesses the co-operatives' productivity across 23 districts/cities in Aceh province, Indonesia, over 2014-2018 using the Malmquist Total Factor of Productivity Index (MTFPI) based on Data Envelopment Analysis (DEA). Unlike previous studies that focused only on selected sectors and industries, this study examines the co-operative productivity of all industries and sectors within one province. Overall, this study recorded a low productivity level of co-operatives. Only co-operatives in Subulussalam City consistently experienced a fully productive using both Constant Return to Scale (CRS) and Variable Return to Scale (VRS) estimations. Meanwhile, based on the VRS estimation, the study found that the co-operatives in Aceh Besar and Aceh Utara's districts had experienced total productivity. Overall, the co-operatives' productivity level has slightly declined, contributed mainly by a decline in technical efficiency. However, the co-operatives' efficiency level has increased, mainly due to their scale efficiency improvement. The findings suggested the importance of implementing sound co-operative governance principles and enhancing technical efficiency by adopting e-marketing and the internet of things in their business activities.How to Cite:Majid, M.S.A., Faisal, F., Fahlevi, H., & Azhari, A. (2022). Measuring and Decomposing Productivity of Co-operatives in Aceh, Indonesia. Etikonomi, 21(1), 55-66. https://doi.org/10.15408/etk.v21i1.21299.
{"title":"Measuring and Decomposing Productivity of Co-operatives in Aceh, Indonesia","authors":"M. S. Abd. Majid, F. Faisal, H. Fahlevi, A. Azhari","doi":"10.15408/etk.v21i1.21299","DOIUrl":"https://doi.org/10.15408/etk.v21i1.21299","url":null,"abstract":"This study empirically assesses the co-operatives' productivity across 23 districts/cities in Aceh province, Indonesia, over 2014-2018 using the Malmquist Total Factor of Productivity Index (MTFPI) based on Data Envelopment Analysis (DEA). Unlike previous studies that focused only on selected sectors and industries, this study examines the co-operative productivity of all industries and sectors within one province. Overall, this study recorded a low productivity level of co-operatives. Only co-operatives in Subulussalam City consistently experienced a fully productive using both Constant Return to Scale (CRS) and Variable Return to Scale (VRS) estimations. Meanwhile, based on the VRS estimation, the study found that the co-operatives in Aceh Besar and Aceh Utara's districts had experienced total productivity. Overall, the co-operatives' productivity level has slightly declined, contributed mainly by a decline in technical efficiency. However, the co-operatives' efficiency level has increased, mainly due to their scale efficiency improvement. The findings suggested the importance of implementing sound co-operative governance principles and enhancing technical efficiency by adopting e-marketing and the internet of things in their business activities.How to Cite:Majid, M.S.A., Faisal, F., Fahlevi, H., & Azhari, A. (2022). Measuring and Decomposing Productivity of Co-operatives in Aceh, Indonesia. Etikonomi, 21(1), 55-66. https://doi.org/10.15408/etk.v21i1.21299.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48958601","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 : 2022-03-16DOI: 10.15408/etk.v21i1.16524
Rani Safitri, Rika Lidyah, Rachmania Rachmania
This study aims to determine the relationship between profitability, good corporate governance, dividend policy, and firm value from 2016-2018 in manufacturing companies at ISSI. This study uses classical assumption tests and path analysis. The results show that the board of commissioners has a significant negative effect on profitability and has no impact on firm value. The audit committee and dividend policy do not affect profitability and firm value. Profitability has a significant positive effect on firm value. Profitability mediates the impact of the board of commissioners and dividend policy but does not mediate the audit committee on firm value. This finding shows a relationship between variables that impact firm value. The implication of this research is to suggest that investors need to look at the company's prospects by paying attention to the company's value and analyzing the company's performance by considering the influencing factors. How to Cite:Safitri, R., Lidyah, R., & Rachmania. (2022). Profitability, Good Corporate Governance, Dividend Policy, and Firm Value at ISSI. Etikonomi, 21(1), 139-152. https://doi.org/10.15408/etk.v20i1.16524.
{"title":"Profitability, Good Corporate Governance, Dividend Policy, and Firm Value at ISSI","authors":"Rani Safitri, Rika Lidyah, Rachmania Rachmania","doi":"10.15408/etk.v21i1.16524","DOIUrl":"https://doi.org/10.15408/etk.v21i1.16524","url":null,"abstract":"This study aims to determine the relationship between profitability, good corporate governance, dividend policy, and firm value from 2016-2018 in manufacturing companies at ISSI. This study uses classical assumption tests and path analysis. The results show that the board of commissioners has a significant negative effect on profitability and has no impact on firm value. The audit committee and dividend policy do not affect profitability and firm value. Profitability has a significant positive effect on firm value. Profitability mediates the impact of the board of commissioners and dividend policy but does not mediate the audit committee on firm value. This finding shows a relationship between variables that impact firm value. The implication of this research is to suggest that investors need to look at the company's prospects by paying attention to the company's value and analyzing the company's performance by considering the influencing factors. How to Cite:Safitri, R., Lidyah, R., & Rachmania. (2022). Profitability, Good Corporate Governance, Dividend Policy, and Firm Value at ISSI. Etikonomi, 21(1), 139-152. https://doi.org/10.15408/etk.v20i1.16524.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46151524","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 : 2021-11-02DOI: 10.15408/etk.v20i2.20339
Kavita Chavali, Hazem Al Samman, Syed Jamil
The paper aims to evaluate the reaction of stock markets in BRICS countries (Brazil, Russia, India, China, and South Africa) to the outbreak of the COVID-19 pandemic. The study uses ARCH and GARCH models that use daily stock prices from January 1, 2020, to September 2, 2020. The financial market response was analyzed in two phases. The first phase analyses the financial markets' response within 30 to 60 days from the first day of confirmed cases of COVID-19. The second phase analyses the financial market response post 30 to 60 days of initial confirmed cases. The study results conclude that the share prices decreased, but in the second phase, the markets responded positively. Our results conclude that governmental support played an important role in mitigating the repercussions of the COVID-19 outbreak on stock markets in BRICS countries.JEL Classification: E44, G15, G10How to Cite:Chavali, K., Al Samman, H., & Jamil, S. A. (2021). How Did The Financial Markets Respond to The Covid-19 Pandemic? Empirical Evidence from BRICS Countries. Etikonomi, 20(2), xx– xx. https://doi.org/10.15408/etk.v20i2.20339.
本文旨在评估金砖国家(巴西、俄罗斯、印度、中国和南非)股票市场对COVID-19大流行爆发的反应。该研究使用ARCH和GARCH模型，使用2020年1月1日至2020年9月2日的每日股票价格。金融市场的反应分为两个阶段。第一阶段分析新冠肺炎确诊病例出现后30天至60天内金融市场的反应。第二阶段分析首次确诊病例出现后30至60天的金融市场反应。研究结果表明，股价下跌，但在第二阶段，市场反应积极。我们的研究结果表明，政府支持在缓解新冠肺炎疫情对金砖国家股市的影响方面发挥了重要作用。JEL分类:E44, G15, g10如何引用:Chavali, K.， Al Samman, H.， & Jamil, S. A.(2021)。金融市场如何应对Covid-19大流行?来自金砖国家的经验证据。生物工程学报，20(2)，xx - xx。https://doi.org/10.15408/etk.v20i2.20339。
{"title":"How Did The Financial Markets Respond to The COVID-19 Pandemic? Empirical Evidence from BRICS Countries","authors":"Kavita Chavali, Hazem Al Samman, Syed Jamil","doi":"10.15408/etk.v20i2.20339","DOIUrl":"https://doi.org/10.15408/etk.v20i2.20339","url":null,"abstract":"The paper aims to evaluate the reaction of stock markets in BRICS countries (Brazil, Russia, India, China, and South Africa) to the outbreak of the COVID-19 pandemic. The study uses ARCH and GARCH models that use daily stock prices from January 1, 2020, to September 2, 2020. The financial market response was analyzed in two phases. The first phase analyses the financial markets' response within 30 to 60 days from the first day of confirmed cases of COVID-19. The second phase analyses the financial market response post 30 to 60 days of initial confirmed cases. The study results conclude that the share prices decreased, but in the second phase, the markets responded positively. Our results conclude that governmental support played an important role in mitigating the repercussions of the COVID-19 outbreak on stock markets in BRICS countries.JEL Classification: E44, G15, G10How to Cite:Chavali, K., Al Samman, H., & Jamil, S. A. (2021). How Did The Financial Markets Respond to The Covid-19 Pandemic? Empirical Evidence from BRICS Countries. Etikonomi, 20(2), xx– xx. https://doi.org/10.15408/etk.v20i2.20339.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45463169","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 : 2021-11-02DOI: 10.15408/etk.v20i2.22013
I. Petrunenko, R. Lavrov, V. Kuybida, Maksym Slatvinskyi, A. Zelenskyi, S. Oneshko
In order to achieve the purpose outlined, this research uses the following methods: analysis and synthesis; economic and statistical analysis and comparison; economic and mathematical; generalization. The result shows that Poland's fiscal policy aims at developing economic infrastructure and building an economic model of the state based on the manufacture of products with a high share of value-added. However, the fiscal policy of Ukraine does not have significant effects on economic development due to the use of such instruments as public debt and capital expenditures. However, the external debt dependence of the state is relatively high. Nevertheless, it proves that the fiscal policy of Ukraine does not increase the level of economic complexity and development of the processing industry through the implementation of tax benefits. It proposes to increase the efficiency of tax authorities in Ukraine in terms of combating the shadow economy, boost the share of capital expenditures and raise the level of conversion of public debt into economic growth.JEL Classification: E62, F63, H21How to Cite:Petrunenko, I., Lavrov, R., Kuybida, V., Slatvinskyi, M., & Zelenskyi, A. (2021). Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland. Etikonomi, 20(2), xx– xx. https://doi.org/10.15408/etk.v20i2.22013.
{"title":"Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland","authors":"I. Petrunenko, R. Lavrov, V. Kuybida, Maksym Slatvinskyi, A. Zelenskyi, S. Oneshko","doi":"10.15408/etk.v20i2.22013","DOIUrl":"https://doi.org/10.15408/etk.v20i2.22013","url":null,"abstract":"In order to achieve the purpose outlined, this research uses the following methods: analysis and synthesis; economic and statistical analysis and comparison; economic and mathematical; generalization. The result shows that Poland's fiscal policy aims at developing economic infrastructure and building an economic model of the state based on the manufacture of products with a high share of value-added. However, the fiscal policy of Ukraine does not have significant effects on economic development due to the use of such instruments as public debt and capital expenditures. However, the external debt dependence of the state is relatively high. Nevertheless, it proves that the fiscal policy of Ukraine does not increase the level of economic complexity and development of the processing industry through the implementation of tax benefits. It proposes to increase the efficiency of tax authorities in Ukraine in terms of combating the shadow economy, boost the share of capital expenditures and raise the level of conversion of public debt into economic growth.JEL Classification: E62, F63, H21How to Cite:Petrunenko, I., Lavrov, R., Kuybida, V., Slatvinskyi, M., & Zelenskyi, A. (2021). Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland. Etikonomi, 20(2), xx– xx. https://doi.org/10.15408/etk.v20i2.22013.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45762547","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 : 2021-11-02DOI: 10.15408/etk.v20i2.20172
Faisol Faisol, Puji Astuti, Sigit Puji Winarko
This study examines technology in mediating human capital, customer capital, and organizational capital on SMEs' performance during Covid-19. To test the hypothesis, the PLS-SEM method was applied. Data collection was conducted by sharing questionnaiers to 150 owners of small industrial cluster in East Java, Indonesia.The empirical results show that human capital and technology usage directly affect significantly on SMEs' performance. Furthermore, technology usage has a significant influence in mediating human capital on firms' performance. We provide implications for using technology for practice and using a socio-technical approach by SMEs to face challenges related to their work organization in response to COVID-19 while maintaining their activities. We hope that our reflection will be a source of thought for scholars and practitioners to explore further using technology for SMEs to secure business continuity during COVID-19.JEL Classification: O2, O34, M21How to Cite:Faisol, Astuti, P., Winarko, S. P. (2021). The Role of Technology Usage in Mediating Intellectual Capital on SMEs Performance During the Covid-19 Era. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.20172.
{"title":"The Role of Technology Usage in Mediating Intellectual Capital on SMEs Performance During the Covid-19 Era","authors":"Faisol Faisol, Puji Astuti, Sigit Puji Winarko","doi":"10.15408/etk.v20i2.20172","DOIUrl":"https://doi.org/10.15408/etk.v20i2.20172","url":null,"abstract":"This study examines technology in mediating human capital, customer capital, and organizational capital on SMEs' performance during Covid-19. To test the hypothesis, the PLS-SEM method was applied. Data collection was conducted by sharing questionnaiers to 150 owners of small industrial cluster in East Java, Indonesia.The empirical results show that human capital and technology usage directly affect significantly on SMEs' performance. Furthermore, technology usage has a significant influence in mediating human capital on firms' performance. We provide implications for using technology for practice and using a socio-technical approach by SMEs to face challenges related to their work organization in response to COVID-19 while maintaining their activities. We hope that our reflection will be a source of thought for scholars and practitioners to explore further using technology for SMEs to secure business continuity during COVID-19.JEL Classification: O2, O34, M21How to Cite:Faisol, Astuti, P., Winarko, S. P. (2021). The Role of Technology Usage in Mediating Intellectual Capital on SMEs Performance During the Covid-19 Era. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.20172.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42441057","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 : 2021-11-02DOI: 10.15408/etk.v20i2.18053
Muhammad Zarunnaim HAJI WAHAB, A. Naim
The present study aims to explore SRIs practices based on Maqasid Shariah and Maslahah's points of view. A qualitative method via content analysis document was advocated to address the link between all concepts. The analysis revealed that SRIs, Maqasid Shariah and Maslahah share similar aims and goals to promote better environmental practices and social and governance issues. Thus, the paper concludes that the concept of SRIs does not contradict Maqasid Shariah and Maslahah in Islamic perspectives. However, a few criteria in the Environmental, Social and Governance (ESG) concept that govern the SRIs practices like promoting human rights, freedom of expression, and censorship need further clarification to align with Shariah principles. The paper can enlighten the reader, especially in terms of the capabilities of SRIs practices (which is from West philosophy) to suit Maqasid Shariah and Maslahah in Islamic perspectives.JEL Classification: G2, G4, I13, N2How to Cite:Wahab, M. Z. H., & Naim, A. M. (2021). The Reviews on Sustainable and Responsible Investment (SRIs) Practices According to Maqasid Shariah and Maslahah Perspectives. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.18053.
{"title":"The Reviews on Sustainable and Responsible Investment (SRIs) Practices According to Maqasid Shariah and Maslahah Perspectives","authors":"Muhammad Zarunnaim HAJI WAHAB, A. Naim","doi":"10.15408/etk.v20i2.18053","DOIUrl":"https://doi.org/10.15408/etk.v20i2.18053","url":null,"abstract":"The present study aims to explore SRIs practices based on Maqasid Shariah and Maslahah's points of view. A qualitative method via content analysis document was advocated to address the link between all concepts. The analysis revealed that SRIs, Maqasid Shariah and Maslahah share similar aims and goals to promote better environmental practices and social and governance issues. Thus, the paper concludes that the concept of SRIs does not contradict Maqasid Shariah and Maslahah in Islamic perspectives. However, a few criteria in the Environmental, Social and Governance (ESG) concept that govern the SRIs practices like promoting human rights, freedom of expression, and censorship need further clarification to align with Shariah principles. The paper can enlighten the reader, especially in terms of the capabilities of SRIs practices (which is from West philosophy) to suit Maqasid Shariah and Maslahah in Islamic perspectives.JEL Classification: G2, G4, I13, N2How to Cite:Wahab, M. Z. H., & Naim, A. M. (2021). The Reviews on Sustainable and Responsible Investment (SRIs) Practices According to Maqasid Shariah and Maslahah Perspectives. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.18053.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41928105","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 : 2021-11-02DOI: 10.15408/etk.v20i2.20587
Noreen Khalid, Raja Fawad Zafar, Q. Syed, Roni Bhowmik
The purpose of this study is to probe the impact of the novel coronavirus (COVID-19) outbreak on stock market returns and volatility in developed markets. We employ a panel quantile regression model to capture unobserved individual heterogeneity and distributional heterogeneity. The study's findings reveal that there is a heterogeneous impact of COVID-19 on stock market returns and volatility. More specifically, there is a negative impact of COVID-19 on stock returns in the bearish stock market; however, there is an insignificant impact of COVID-19 on stock returns in the bullish stock market. Furthermore, COVID-19 has a positive impact on stock market volatility across all quantiles.JEL Classification: G24, G30, O16How to Cite:Khalid, N., Zafar, R. F., Syed, Q. R., Bhowmik, R., & Jamil, M. (2021). The Heterogeneous Effects of COVID-19 Outbreak on Stock Market Returns and Volatility: Evidence from Panel Quantile Regression Model. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.20587.
{"title":"The Heterogeneous Effects of COVID-19 Outbreak on Stock Market Returns and Volatility: Evidence from Panel Quantile Regression Model","authors":"Noreen Khalid, Raja Fawad Zafar, Q. Syed, Roni Bhowmik","doi":"10.15408/etk.v20i2.20587","DOIUrl":"https://doi.org/10.15408/etk.v20i2.20587","url":null,"abstract":"The purpose of this study is to probe the impact of the novel coronavirus (COVID-19) outbreak on stock market returns and volatility in developed markets. We employ a panel quantile regression model to capture unobserved individual heterogeneity and distributional heterogeneity. The study's findings reveal that there is a heterogeneous impact of COVID-19 on stock market returns and volatility. More specifically, there is a negative impact of COVID-19 on stock returns in the bearish stock market; however, there is an insignificant impact of COVID-19 on stock returns in the bullish stock market. Furthermore, COVID-19 has a positive impact on stock market volatility across all quantiles.JEL Classification: G24, G30, O16How to Cite:Khalid, N., Zafar, R. F., Syed, Q. R., Bhowmik, R., & Jamil, M. (2021). The Heterogeneous Effects of COVID-19 Outbreak on Stock Market Returns and Volatility: Evidence from Panel Quantile Regression Model. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.20587.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44266157","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：