Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
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Determining the buyer-supplier relationships in international market: evidence of Indonesian products
Get PDFThis paper examines how trust and commitment impact repurchase intention and relationship performance in international market from overseas buyers to Indonesian suppliers. To achieve this objective, data were collected through a survey using a structured questionnaire to overseas buyers who have been engaging with Indonesian suppliers. A total respondent of 84 were collected. A confirmatory factor analysis was measured in this study to test the reliability and validity of the measurement model. The Partial Least Square technique also was used to test the conceptual framework of this study. The result shows that trust is significantly influenced commitment in the International buyer-supplier relationship. Commitment also significantly influenced repurchase intention and relationship performance of overseas buyers in buying Indonesian products
Comparison of executive compensation practices at Nordic and US markets: a mini-review article based on empirical evidence
Get PDFThis paper examines the compensation package of the CEO of both the Nordic and US markets and their roles in the organization. The paper contains the comparison between the compensation package of Nordic and US CEOs along with the harmony of the determinants. The work pattern and compensation are different in these two markets, certainly. It has been a big influence in the organization or working places to provide the most desired efforts on the particular or assigned responsibilities. This study is based on a systematic review of literatures, empirical evidences and surveys extracted from 23 articles of the previous studies on the compensation packages of CEO of both Nordic and US markets. The paper will be discussing about the chief executive body in the organization, the compensation design along with their compensation package system, discussing about the theories and determinants’ differences of their compensation practices and how this package is designed in both the Nordic and US markets. The difference between these two markets will be elaborately discussed and following by the author’s own discussion. The paper will end by providing a valid conclusion about the whole study
The nexus between tourism development and economic growth in Eastern Indonesia: a panel VECM approach
Get PDFThe empirical nexus between tourism development and economic growth have been widely examined, however, the empirical results generally produce diverse conclusion and often debated. The purpose of this empirical study is, firstly, to investigate and analyze the dynamic relationship between tourism sector development and economic growth both in the short and long run. Secondly, to examine the direction of causality between tourism development and economic growth in Eastern Indonesia over the period 2010-2017. This study employed a panel vector error correction model (PVECM) for the quantitative analysis approach from panel data of 12 provinces in eastern Indonesia. The empirical findings of this study were: 1) In the long run, the relationship between tourism development and economic growth supported the feedback causality hypothesis where changes and expansion in the tourism development affect economic growth and increasing economic growth have an impact on the expansion of the tourism sector (bi-directional causality). 2) The empirical findings corroborated the growth-led tourism hypothesis in the short run which argues that the achievements of economic growth affect the expansion of tourism development. In the short run, this empirical study only found a one-way causality running from economic growth to tourism development
Exploring the bi-directional relationship of stock return and sustainability performance through the sustainability risk lens (case of Indonesia)
Get PDFSustainability investing has been evolved significantly since the last decade. The inclusion of social, environmental, and economic dimension into the portfolio screening criteria is stated as an essential strategy to increase the firms' financial performance. However, previous empirical evidence has gained a mixed result on this issue (i.e. positive, negative, and insignificant). This study contributes to the discussion by offering result on the heterogeneous effect of sustainability performance to the stock return, specifically through the sustainability risk lens. Sustainability risk is related to firm sustainability concern of not being able to perform in a "sustainable manner", thus related directly to the inefficiency within the firms, as well as the firms' idiosyncratic risk. Uniqueness contribution of this study is by offering the analysis in a disaggregated ways (i.e. separately examines the relationship between each sustainability performance dimensions and stock return), within portfolio level. Using large size of cross-sectional data (more than 400 companies over two years span of time) covered all non-financial sectors listed in the Indonesia Stock Exchange (IDX), we are able to confirm the notion of heterogenous sustainability performance within Indonesian firms. We also found evidence on the positive direction of an increase of social and economic performance to stock return. Meanwhile, environmental sustainability performance shows the contrast direction
Household behavior to manage electricity consumption after the tariff increase
Get PDFThe event of price electricity increases in Indonesia since 2017 is expected to encourage households to take planned actions on electricity consumption. Hence, this study is intended to reveal the behavior of households to support electricity consumption saving program of the household consumers. By using the Theory of Planned Behavior approach, it is known that: 1) the respondents realize the importance of saving electricity consumption through their behavior; varied regulating electricity equipment, providing household appliances, the use of electricity saving devices. 2) However, households are hindered by psychological constraints about their uncertainty rewards. 3) There is no evidence that households take planned actions in order to use electricity more economically. Thus, it is recommended that PLN (State Owned Electricity Corporation) continue to carry out integrated communication over household consumer about practices to save electricity. It could be conducted by introducing values established, including rewards that can be adopted by households as part of education to the households
Determinants of smallholder teff farmer’s chemical fertilizer technology adoption in Southern Ethiopia, in case of Gena District in Dawro Zone (Heckman Two-Stage Model)
Get PDFIncreasing technology adoption among smallholder farmers has a big potential to uplift living standards of poor through increasing production and consumption pattern. The objective of this study was analyzing determinant of smallholder teff farmer’s chemical fertilizer technology adoption and its intensification in Southern Ethiopia, in case of Gena district in Dawro Zone. The study used data from 180 respondents from four selected teff dominant kebeles of Gena districts in Dawro Zone, through structured questioner. The descriptive statistics and Heckman two stage econometric methods were employed to analyze data collected from sampled household. The significance of coefficient of inverse Mill’s ratio ( ) indicates the presence of selection bias and the effectiveness of applying Heckman two stage model. In the 1st stage of probit regression results of study show that the adoption decision of chemical fertilizer use were driven by factors such as farm size, size of family, family labor, education, access to credit; access to information, distance to near market place. In the second stage, the intensification of chemical fertilizer application was influenced by membership to cooperative, availability of extension service, access to credit, size of farm land, size of family member, family labor, educational status, sex of head. The policies which expand the accessibility of credit service, dissemination of productive agricultural technology information, and creating opportunity of education for farm house hold has potential to increase the chance of chemical fertilizer adoption decision and strengthen the level of adoption among smallholder farmers
Fiscal decentralization and its impact on industrial development in Jambi Province
Get PDFThis study aims to analyze: 1) factors influencing the degree of fiscal decentralization in Jambi Province; 2) the influence of the degree of fiscal decentralization on the industrial sector in Jambi Province. The analysis model is the panel data regression. The results showed that, first, the economic level, the amount of regional spending, and the investment level significantly influence the degree of fiscal decentralization in Jambi Province. Second, there is a significant impact of the degree of fiscal decentralization on the development of the industrial sector in Jambi Province. This study recommends increasing local own-source revenue in order to improve the degree of fiscal decentralization. Furthermore, the allocation of regional expenditure must be directed towards direct expenditure, especially capital expenditure, which is related to industrial development in Jambi Province
Potential analysis of small and medium industries (SMIs) in Lima Puluh Kota Regency, West Sumatra
Get PDFSmall and Medium Industries (SMIs) play an important role in the industrial sector of the Lima Puluh Kota Regency, even though the growth rate has fluctuated in the last six years. The purpose of this study is to identify the potential of Small and Medium Industries (SMIs) Lima Puluh Kota Regency that have comparative and competitive advantages. The analytical methods are location quotient (LQ) and shift-share analysis. Using a variable value of industrial production based on Indonesian Standard Business Classification in five digits of industrial commodity was found, the basic organic chemical industry for raw materials for dyes and pigments, embroidery industry, wood container industry, garment industry of leather, industrial stone goods for home use stairs and displays, the gypsum industry, the components and equipment industry of two- and three-wheeled motorcycles, the soft drink industry and the coconut oil industry are industries that have a comparative as well as a competitive advantage. These industries are suggested to be lead industries in the development of Small and Medium Industries (SMIs) in Lima Puluh Kota Regency
Determinant of the quality of the national financial audit report: study at National Auditor Board Jambi Province
Get PDFThis study aimed to examine the effect of training, experiences, gender, age and educational background possessed by the auditor on the quality of State Financial Audit results. This research used secondary data provided by Audit Board of the Republic of Indonesia Representative of Jambi Province in the form of 2016 and 2017 staffing data and Audit Reports. Multiple linear regression analysis was used for the analysis method. The study results found that the quality of the state financial audit was affected by experiences. However, the study failed to find the influences of age, education, and gender on the quality of state financial audit results. It provides empirical evidence that the auditor's ability to find and reveal findings has been influenced by experiences of the audito
Contribution of leading commodities to the economy of Sarolangun Regency, Jambi Province
Get PDFThis study aims to analyze the contribution of leading commodities to the economy of Sarolangun Regency, Jambi Province. The data used are time series data from 2013-2017, the 2013-2017 GRDP of Sarolangun Regency, the 2013-2017 GRDP of Jambi Province and the 2013-2017 Sarolangun Regency population data. Data were descriptively analyzed using the Klassen typology approach. There were six prime sectors based on the calculation results through Klassen typology during 2013-2017, namely: (1) mining and excavating; (2) water supply, waste management, waste, and recycling; (3) financial services and insurance; (4) administration of government, defense, and mandatory social security; (5) health services and social activities; and (6) other services, while other sectors were classified as potential sectors, developed sectors, and underdeveloped sectors