| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 346-357 |
| Abstraksi Narasi | : | This study attemps to empirically compare and analyze the role (proportion) of Actual Local Government Genuine Receipts (Pendapatan Asli Daerah or PAD) on Actual Total Local Government Receipts of Local Government Budget (Anggaran Pendapatan dan Belanja Daerah or APBD). It also analyzes the role of the actual local taxes and local retributions -- as the primary sources of PAD -- on the PAD. Using the provincial governments, this study performs the comparison due to ``the fiscal stress`` (i.e., the economic crisis and the launching of new local taxes and retributions in 1997). The 1996/1997 - 1998/1999 local government budgets are used as data before and after the fiscal stress occurred. The results show that the fiscal stress generally does not influence the role. When local taxes and retributions are analyzed based on the fiscal stress, the results show that only local retributions are affected. |
| Nama Pengarang | : | Sri Haryati, Halim, Abdul, Sulistyo, Khomsiyah, Wibowo, Amin, Yulita Milla Pakereng, Basu Swastha Dharmmesta, Andriya Risdwiyanto, Suwardjono, Mubyarto |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 336-345 |
| Abstraksi Narasi | : | Due diligency evaluation by special commitee to commercial banks has classified the banks into three ratings: Rated A for banks with a minimum capital adequacy ratio (CAR) of 4%, rated B for those with CAR between -25% and 4%, and rated C for those with CAR less than-25%. CAR is one of the criteria to assess the financial health of commercial banks. Other aspects of evaluations are capital asset quality, management, earnings, and liquidity (CAMEL). These aspects are interrelated and it is important to evaluate the impact of each aspect on the probability of commercial bank bankruptcy. This study attemps to test whether several important ratios determine the probability of bankruptcy for all classes of commercial banks. ANOVA is used to test whether the categories of banks are statistically different in terms of those ratios. Logistic regression model is also applied to predict the probability of bank bankruptcy. The empirical results show that efficiency and LDR ratios are statistically different for the three categories. Furthermore, those ratios are statistically significant to predict the probability of bankruptcy at 0.05 level of significance with the correct classification of 75.5%. The results imply that bank management should maintain the financial heath of the bank by all measures to improve the ratios when they fall in the lower limit of the criteria. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 246-260 |
| Abstraksi Narasi | : | Indonesian economy has been experiencing 7 year cycle starting the year of independence in 1945. In a larger cycle, the economic and political crises took place every 35 years (5x7 years), hence the crisis of 1931, 1966, and 2001. There are also 3x7 years historical ``repeat`` in the national debate of Indonesian economy i.e., the year of 2001, 1980, and 1959. The year of 1959 was important in Indonesian economic hystory because it was the year when Indonesian decided to return to the 1945 Constitution after the ``konstituante`` (Constitution Making Body) failed to make a new constitution. It is important to note that social justice for the whole Indonesian people is the final goal of national development where equity and justice is observed and poverty is eradicated. Indonesian economy can best be analyzed by moral economy and transdiscriptinary approach rather than strict neoclassical economy theory. That is why many economists were surprised by the coming of Indonesias monetary crises. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 300-317 |
| Abstraksi Narasi | : | Banyak penelitian akuntansi yang melibatkan pemisahan sampel menjadi beberapa grup atas dasar metoda akuntansi. Kemudian peneliti membandingkan karakteristik antar grup dan menguji perbedaannya secara statistis dan regresional. Dalam memecah sampel menjadi beberapa grup, pada umumnya diasumsi bahwa dua sampel atau lebih diambil dari populasi yang homogenus dan penempatan observasi ke dalam grup dianggap terjadi secara random. Dengan asumsi tersebut bias seleksi (selection bias) diabaikan sehingga dapat mengakibatkan estimasi lebih (overestimation) koefisien regresi pada salah satu grup sehingga simpulan dapat salah. Makalah ini menginvestigasi eksistensi dan relevansi bias seleksi dalam penelitian yang membandingkan dua grup atas dasar metoda akuntansi untuk kasus industri minyak dan gas bumi. Regresi berganti dua-tahap (two-stage switching regression) digunakan untuk menunjukkan adanya bias seleksi. Hasil penelitian menunjukkan bahwa terdapat bias seleksi dalam penggunaan regresi untuk mengukur pengaruh faktor-faktor ekonomik terhadap pengeluaran untuk ekplorasi. Pendekatan ordinary least square (OLS) secara konsistem mengestimasi lebih (overestimate) koefisien-koefisien regressi untuk kedua grup terutama perusahaan yang menggunakan metoda kos penuh (full cost). |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 207-221 |
| Abstraksi Narasi | : | The objective of this paper is to test capital mobility in Indonesia for the period of 1970-1998 with Jeffrey D. Sachs`s approach. The tools of analysis are cointegration test, Engle-Granger Error Correction Model (EG-ECM), Insukindro-Error Correction Model (I-ECM) and JM test. The empirical results using EG-ECM and I-ECM shows that approach of Sachs`s are useful to identity the degree of capital mobility in Indonesia. The empirical result of EG-ECM and I-ECM for the first approach Sachs failed to identify the degree of capital mobility in Indonesia. However, using second approach of Sachs, the empirical result of EG-ECM and I-ECM show that in the short-run capital mobility in Indonesia is closely perfect-from Indonesia to foreign, but in the long-runs is imperfect. Morever, the empirical result of I-ECM shows shock variable in the short-run influences to current account over the period study. Using JM test, it indicates that I-ECM is superior than EG-ECM for explaining capital mobility in Indonesia. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 235-245 |
| Abstraksi Narasi | : | Penentuan apakah fungsi permintaan ditulis sebagai kuantitas fungsi dari harga (an ordinary demand) atau harga fungsi dari kuantitas, terbalik (inverse demand), ditentukan oleh kenyataan empirisstruktur pasar. Dalam artikel ini permintaan minyak goreng di Indonesia dituliskan secara terbalik. Permintaan minyak goreng diestimasi dalam suatu bundle minyak goreng yang terjadi atas minyak kelapa sawit, minyak kelapa, dan minyak goreng lainnya. Dari berbagai uji diagnostik ternyata fungsi permintaan minyak yang berupa persamaan tunggal lebih baik dibandingkan fungsi permintaan simultan dalam bentuk kebalikan dari Almost Ideal Demand System (inverse AIDS). Dalam menganalisis dampak kebijakan terhadap kesejahteraan pelaku ekonomi, untuk kasus minyak goreng, sebaiknya dipergunakan kebalikan fungsi permintaan (inverse demand function). |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 261-272 |
| Abstraksi Narasi | : | This research is intended to empirically test the relationship between systematic risk of a stock, measured on the bullish market and bearish market with the return of stock in Indonesian Capital Market. Data used are monthly stock prices and market index acquired from JSX Monthly Statistic and Capital Market Book Directory Index, from January 1994 to December 1996. Samples in this research consist of 95 stocks chosen by applying purposive sampling method. Testing of the stocks` beta is conducted toward portfolios of stocks` beta on bullish and bearish market. Before testing, individual stocks` betas are first corrected by utilizing Fowler and Rorke one lead and one lag correction method. The result shows and indication that portfolios of stocks` beta on the two different markets can elaborate the portfolios` returns significantly. This indication is derived from F values significant at confidence levels of 5% and 10%. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 222-234 |
| Abstraksi Narasi | : | The title of this study is ``Analytic Hierarchy Process (AHP): An alternative Weightiness Method for General Purposed Transfer (Dana Alokasi Umum, DAU) Distribution, a Case Study in D.I. Yogyakarta Province``. This research purposed to examines regional government perspective about the factors that influence DAU distribution in Indonesia. This research is used AHP method, which designed to examines the individual perspective, that will be concluded as a regional government perspective, closely related to the objectives that will be achieved. By using the individual perspective in decision making process, it can be answer the prominent weakness of decision making method that solely concern to the secondary data. The method can be the best alternative, while the quality of secondary data in developing countries occasionally incredible. In term of the suggested model, it is used to measure the weight of each variable in the model. According to regional government perspective in this study, we identified that the prominent consideration in DAU distribution is concentrated to fulfill the regional minimum requirement, then to support the financing of authority delegation, and the last to create fiscal equalization horizontally. By integrating the three aspects, we know weight or priority of variables used in DAU distribution as follows: regional revenue, poverty rate, gross domestic regional product (excluding oil and gas), population, area covered, and accessibility. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 273-285 |
| Abstraksi Narasi | : | This research explains the implementation of total quality service (TQS) in the banking industry in Indonesia and examines the differences of the implementation between government banks and private banks and also the influence of TQS variables on business performance. By using 32 samples, the result of regression analysis shows that TQS implementation variables significantly influence all banking performance variables, ie. human resources performance, customer satisfaction, service quality and cost performance except in financial performance variable at 5% level of significance. Further, there is significant difference between government banks and private banks in giving responses to their customers. Private banks give better response compared with those of government banks. |
| Nama Pengarang | : | Kusuma, Indra Wijaya, Suryani, Tatik, Sri Lestari Kurniawati, Wiwik Lestari, Kustituanto, Bambang, Yansekardias, Tandelilin, Eduardus, Catur Sugiyanto, Aliman, Suwardjono, Mubyarto |
| Nama Majalah/Jurnal | : | Jurnal Ekonomi dan Bisnis Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 286-299 |
| Abstraksi Narasi | : | Penelitian ini menguji reaksi pasar saham terhadap serangkaian peristiwa yang berkaitan dengan SFAS No. 95 untuk bank dan perusahaan investasi di Amerika Serikat. Investor menganggap bahwa SFAS no. 95 ini merupakan berita buruk (bad news) untuk bank dan perusahaan investasi. Dengan demikian, diprediksikan bahwa return kejutan (abnormal returns) untuk investor di bank dan perusahaan investasi akan turun selama periode peristiwa yang berkaitan dengan SFAS no. 95 tersebut. Hasil yang diperoleh berdasarkan metode riset yang dipakai oleh Schipper dan Thompson (1983) tidak berhasil mengkonfirmasikan bahwa return kejutan (abnormal returns) untuk investor di bank dan perusahaan investasi akan turun selama periode peristiwa yang berkaitan dengan SFAS no. 95 tersebut. Akan tetapi, hasil yang diperoleh menunjukkan bahwa return kejutan kumulatif (cumulative abnormal returns) untuk bank dan perusahaan investasi pada tanggal peristiwa lebih negatif dibandingkan dengan perusahaan dalam grup kontrol . Lebih lanjut, hasil menunjukkan bahwa peristiwa yang berkaitan dengan SFAS No.95 mempunyai pengaruh yang negatif kepada bank, tetapi pengaruh yang positif terhadap perusahaan investasi. |
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