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SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS
Published by Universitas Sriwijaya
The SIJDEB invites manuscripts in the various topics include, but not limited to functional areas of Financial Management, Marketing Management, Human Resource Management, Entrepreneurship, Strategic Management, Public Economics, Monetary Economics, Industrial Economics, Human Resource Economics, Development Economics, Economics Planning, Agricultural Economics, Islamic Economy, Islamic Finance, Public Sector Accounting, Taxation, Accounting Information System, Financial Accounting, Auditing and Business Ethics and Suistainable.
Articles
30
Articles
Analysis of The Effect of Monetary Policy on Government Sharia Securities (SBSN) in Indonesia

Juaris, Juaris, Masbar, Raja, Seftarita, Chenny

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 2, June 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

Outstanding Government Sharia Securities (SBSN) in Indonesia from the first published on 2008 continued to experience significant growth. Monetary indicators often associated with capital markets are inflation, exchange rate and interest rate (BI Rate) show a fluctuating pattern, these factors can inhibitSBSN growth.This study aims to analyze the effect of monetary policy(inflation, exchange rate and BI Rate) on Government Sharia Securities (SBSN) and the contribution of Government Sharia Securities (SBSN) tothe state budget(APBN). Using monthly time series data from January 2010 until July 2016 and Autoregressive Distributed Lag (ARDL), the estimation results conclude that there is a co-integration in the models studied. While the estimation result of ARDL shows in the long term, exchange rate significantly has an effect on SBSN. While inflation and BI Rate have no significant effect on SBSN either in the short or long term. This study also shows the positive contribution of SBSN as deficit financing and development project. Therefore, the government must optimize the state sukuk by increasing the issuance of state sukuk in the structure of the state budget and supported by the control of inflation and exchange rate. For investors can take advantage of the state sukuk to invest, this is consistent with the insignificant effect of interest rate so that the investment is safe with sharia principles.

Effect of Online Behavioral Advertising Implementation on Attitude toward Ad and Purchase Intention in Indonesian E-Marketplace

Fachryto, Tamas, Achyar, Adrian

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 2, June 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

Internet user increase certainly support e-commerce growth. So some e-commerce companies perform online behavioral advertising (OBA) to get consumers as much as possible. The current study uses retargeted ads as a kind of the latest OBA which most of e-marketplaces in Indonesia implement the ads. Survey in the form of questionnaire from 261 respondents. The respondents were showed by author the example of e-marketplace’s online behavioral advertising picture and video first before answering the questionnaire. It is intended to recall respondents that they have ever seen ads similar to OBA. The result of this study revealed that OBA threatened consumer privacy, so led to cognitive and affective reactance. Perceived ad intrusiveness also had positive effect on perceived threat. OBA led negative attitude toward the ad and finally negative consumer purchase intention toward product which displayed on OBA.

Indonesia Budget Deficit

Olivia, Arien Sandra, Azwardi, Azwardi, Yulianita, Anna

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 2, June 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

This study aims to determine the effect of Revenue and World Oil Prices on Deficit Budget (APBN) in 2007-2016. The data used in this research is secondary data from 2007-2016. Based on these objectives, the method of analysis used is multiple linear regression analysis.The results of this study tax revenues and world oil prices have simultaneouslyaffect toward the budget deficit. When viewed on an individual basis so influential in world oil prices. This is because world oil prices are fluctuating while the budget deficit keeps increasing year-on-year. World oil prices also contribute to the income tax of oil and gas where the current income tax decreased. While there is a significant tax revenue. This condition is caused by the contribution of tax revenue towards state revenues more than 60 percent.

Dynamic Model of Firm Value: Evidence from Indonesian Manufacturing Companies

Thamrin, Kemas Muhammad Husni, Syamsurijal, Syamsurijal, Sulastri, Sulastri, Isnurhadi, Isnurhadi

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 2, June 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

This study aims to determine the factors that affect to firm value. The data used in this study is secondary data obtained from the Indonesia Stock Exchange which includes financial statements. This research sample uses 45 manufacturing companies, the period 2012-2016. The analysis used is a quantitative approach with panel data regression model, with estimation of fixed effect model. The findings of this study indicate that simultaneously the value of firms is influenced by investment decisions, financial decisions, and financial performance. While partially, financing decision has dominant influence from other variables, namely investment decision dan corporate performance. The conclusions of this study indicate that investment decisions and firm performance have a positive relationship to firm value, while financing decisions have a negative effect on firm value. In addition, the lag of firm value shows the long-term impact on the firms value model. 

Restaurant Management’s Perspective on Halal Certification: An Exploratory Study in Surabaya, Indonesia

Wijaya, Serli, Notoprasetio, Stanislaus Kenny, Echarystio, Yoel Jemi, Wibowo, Yoel

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 2, June 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

As the world’s largest Moslem population of the world, Indonesia has been practicing halal principles in all aspects of the country’s life. In foodservice business sector, halal accreditation acts as the assurance of food and beverage safety and quality that is legitimized by the government or the relevant Moslem religious bodies. This paper aims to examine the knowledge and attitudes of restaurant business operators in Surabaya toward halal certification. The study was exploratory in nature, applying in-depth interviews to eight informants who are owners or managers of the Chinese food restaurants in Surabaya. The findings showed that despite the positive attitude towards halal certification, the level of managers’knowledge about halal certification was still very low due to lack of information they officially received from the relevant organizations regarding the certification. 

Abnormal Audit Delay and Earnings Quality in Nigerian Banking

Dabor, Alexander Olawumi, Uyagu, Benjamin David

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 2, June 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

The objective of this study is to ascertain the relationship abnormal audit delay and earnings quality in the Nigeria. The study focused on the Nigerian banking sector. The Ordinary Least Square statistical technique was adopted. Eleven banks were selected using the simple random sampling technique. The period under review is eleven years from 2005-2015. The results showed that earnings quality has a negative relationship with abnormal audit delay. The study recommended that management should be prohibited from constant changing of accounting calculation that can cause material discrepancy between the auditor and client regarding accounting practices. 

The Implementation of Special Allocation Fund Policy for Rural Transportation Sector

Hanim, Wasifah

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 1, March 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

The implementation of regional autonomy that has been rolled out since 1999 attempts to reduce inequality between regions through balancing funds, including through Special Allocation Fund (SAF). Several fund allocations sourced from SAF have been rolled out by the government such as SAF for rural transportation. SAF for rural transportation is a type of SAF that aims to ensure the adequate mobility of society and the distribution of goods/services through the provision of regional transportation facilities in the growth centers of areas that have potential base sector. Using secondary data, this paper attempts to analyze the distribution of SAF for rural transportation in disadvantaged areas, border areas, and outlying islands. based on the results of the analysis shows that the allocation side of SAF recipient regions, it indicates that the priority of infrastructure development originating from SAF for Rural Transportation is for lagging districts/cities, border areas, and outer islands.

Competitiveness and Exports Sustainability of the Indonesian Natural Rubber

Kamaludin, Rumbiati

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 1, March 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

This paper examines Indonesian competitiveness in export of natural rubber commodities by employing set of revealed comparative advantage (RCA) and Export competitive index (ECI) with respect to global trade. The market structure that is formed on natural rubber commodities is calculated using Herfindahl Index and Concentration Ratio analysis tools shows the oligopoly-shaped market structure. Calculation of comparative advantage with RCA analysis shows that the four countries exporting natural rubber, namely Thailand, Indonesia, Malaysia and Vietnam each have a comparative advantage. Where Indonesia has a better comparative advantage than Thailand in the period 2011 to 2015. This result is different from the calculations made on competitive advantage (ECI) in which Indonesias natural rubber commodities are not more competitive than Thailand

Understanding Brand Evangelism and the Dimensions Involved in a Consumer Becoming Brand Evangelist

Anggraini, Lina

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 1, March 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

Smartphone market is rapidly changing and facing a highly competitive environment, with constant product introductions. It is characterized by quickly evolving technology and designs, aggressive pricing, short product life cycles, and rapid imitation. Thus, the players in smartphone industry need to invent a major breakthrough in their marketing strategy. Consider a large company like Apple. Apple loyalists are some of the most recognized product evangelists in the market, sharing their experiences with emerging technology in enthusiastic ways. Apple as the pioneer of Brand Evangelism in 1984, the company relies on customers to communicate marketing messages to other potential customers. It can be an alternative marketing tool for organizations that want to achieve their sustainable competitiveness as brand evangelists will deliver positive information, ideas, and feelings toward a specific brand to others voluntarily in order to influence consumption behaviour. This study aims to examine the phenomenon of brand evangelism and understand the dimensions involved in a consumer becoming brand evangelist. The research method of this study is based on the implementation of quantitative survey research design. The data used in this study were obtained by administering online questionnaires to 468 respondents who have used Apple iPhone for at least 6 months in Indonesia. The data analysis method used in this study is multiple regression analysis. The findings show that brand satisfaction, consumer-brand identification, brand salience, brand trust and opinion leadership have positive influence towards brand evangelism.

LASSO Technique Application in Stock Market Modelling: An Empirical Evidence in Indonesia

Setiawan, Budi

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 1, March 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

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Abstract

The stock market has captured the attention of many investor communities and scholars. It has become one of the most crucial aspects of a modern market economy. This study aims to determine the LASSO technique applications on the stock market in Indonesia. Furthermore, this research also compare linear regression techniques using the least squares method and using the LASSO approach to find out which model is the most appropriate and simple in making the estimation. The data is composed of daily closing stock price over the period from January 1,2000 to December 31, 2014. The results suggest that the best model in Indonesia Stock Market data of 2000-2014 is using LASSO techniques due to more simpler and the result of estimation relatively similar with least square regression model.