JOURNAL ARTICLEAswin Rivai
International Journal of Research in Business and Social Science · 2022
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Agricultural growth is closely associated with sustainable economic development. This is especially true from the perspective of developing countries, such as Indonesia and Pakistan, where significant portions of the labour force are dependent on agriculture for their livelihood. This paper aims to examine the effects of macroeconomic policy (i.e. monetary policy) on employment, food inflation, and agricultural growth by analysing to what extent monetary policy is effective in controlling food price inflation, the effect of contractionary monetary policy on the agricultural sector’s employment and productivity, and the extent of monetary policy transmission to money market rates and 10-year interest rates. We employed a factor-augmented vector autoregressive model proposed by Bernanke et al. (2005) to agricultural data from 1995 and 1996 to 2016 for Indonesia and Pakistan, respectively. Main findings of the study demonstrate that tight monetary policy significantly reduced food inflation and agricultural production while increasing the rural unemployment rate. Short-term and 10-year interest rates increased owing to the contractionary monetary policies pursued by both countries. An inclusive monetary policy whereby policymakers work alongside governments to achieve price stabilisation and reasonable employment rates is recommended.
DOI 10.20525/ijrbs.v11i9.22342 Crossref citations6 OpenAlex citations
JOURNAL ARTICLEKevin Christoper · Ardhiani Fadila
International Journal of Research in Business and Social Science · 2022
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This paper aims to examine the effect of institutional distance on the level of equity ownership. The sampling technique in this research used a purposive sampling technique. The sample of this research is cross-border acquisition transactions between Chinese multinational companies and target countries in the Southeast Asia region in the 2015 – 2019 period; thus, the total sample of this research is 32 transactions. The analysis technique in this study was Multiple Linear Regression with the Ordinary Least Square (OLS) model. The main finding of this study demonstrates that economic and geographical distance partially affect the level of equity ownership significantly. Meanwhile, administrative distance does not partially affect the level of equity ownership of the target company by Chinese multinational companies.
DOI 10.20525/ijrbs.v11i7.19980 Crossref citations0 OpenAlex citations
JOURNAL ARTICLESyarif Ali · Agus Kusmana
International Journal of Research in Business and Social Science · 2022
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This study aims to identify problems in the implementation of bureaucratic reform in the field of employment, especially civil servants’ promotion. This study is carried out using a qualitative approach with the case study method. The data collection technique is done using observation, documentation study, and interviews with two key informants. The data is then analyzed in several stages, namely data reduction, data display, and conclusion drawing. The findings indicate that there is an injustice and non-transparent phenomenon in civil servants’ promotion, especially in the initial promotion, promotion by extraordinary work performance, and promotion by graduation certificate. This condition has the potential to cause corruption, collusion, and nepotism, and might reduce employee performance in providing public service.
DOI 10.20525/ijrbs.v11i3.17291 Crossref citations1 OpenAlex citations
JOURNAL ARTICLESiti Hidayati · Farihah Shufiyani Muin Putri
International Journal of Research in Business and Social Science · 2022
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This research is in the form of quantitative research that aims to determine differences in stock prices, abnormal returns, and stock trading volumes before and after the stock split. The sample selection in this study was carried out using a purposive sampling method and obtained a sample of 58 companies from companies that listed on the Indonesia Stock Exchange and carried out stock split corporate actions during 2016 until 2020 period. Hypothesis testing in this study used the SPSS version 28 program using the Paired Sample T-test method for data that is normally distributed and the Wilcoxon Signed-Rank Test for data that is not normally distributed. The result of the research is that there is no difference between stock prices before and after the stock split, while there is a difference between abnormal returns before and after the stock split, and there is a difference between the stock trading volume before and after the stock split.
DOI 10.20525/ijrbs.v11i2.16170 Crossref citations1 OpenAlex citations
JOURNAL ARTICLEIndri Arrafi Juliannisa · Adi Artino
International Journal of Research in Business and Social Science · 2022
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Labour, entrepreneurship, and technology are important components in the success of GDP Per capita, the existing workforce is not only fixated by numbers but also must be focused on quality to have a significant impact, in addition to the ability and desire of a nation to grow interested in becoming entrepreneurs. This research base on Solow and Swan's Theory said that economic growth was influenced by the growth of production factors such as population, labor, and capital accumulation, as well as the level of technological progress described in the development of knowledge. There is an element of technological progress in the Solow-Swan model which is the main differentiator from the Harrod-Domar growth model. This study used 42 observers consisting of 7 ASEAN countries, namely; Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, and Cambodia, using multiple linear regression and using classical assumption test. The research method in this study uses multiple linear regression of panel data, using the classical assumption test. To get the best model, the data will be tested for Pool Effect, Fix Effect and Random Effects Models, while the determination of the best model is based on the results of the Chow and Hausman tests. The results are shown that labor does not have a significant influence on GDP Per Capita revenue, while the entrepreneurship Index (GEI) and Technology Index (GII) variables have a positive and significant impact on GDP Per Capita revenue. The workforce hasn't affected, which is broadly described in this study because the absorption of labor has not been optimal or the provision of jobs whose proportions are not balanced with the number of the workforce.
DOI 10.20525/ijrbs.v11i2.16641 Crossref citations3 OpenAlex citations
JOURNAL ARTICLEM.B. Nani Ariani · Anisa Novita Sari
International Journal of Research in Business and Social Science · 2022
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This study aims to analyze the effect of the Gender Ratio on Life Expectancy (GLE), Gender Ratio on Mean Years of Schooling (GMYS), Gender Ratio on Labor Force Participation Rate (GLFPR), and Gender Ratio on Per Capita Expenditure (GPE) on labor productivity in all Regency/cities of West Java Province. The sampling in this study used a saturated sampling technique in 27 Regency/cities of West Java Province during 2015-2020 so that a total sample of 162 data was obtained from the Central Statistics Agency (BPS) of West Java. This study uses panel data analysis by combining time-series data and cross-section data. The results partially show that RLE and RLFPR have a significant positive effect on labor productivity, while RPE has a significant negative effect on labor productivity, and RMYS has no effect on labor productivity. The results of the study simultaneously showed that RLE, RMYS, RLFPR, and RPE had an effect on labor productivity.
DOI 10.20525/ijrbs.v11i1.15720 Crossref citations0 OpenAlex citations