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Journal : Economos : Jurnal Ekonomi dan Bisnis

The Influence of Economic Literacy Proficiency and Financial Literacy on Business Performance in Micro, Small, and Medium Enterprises (MSMEs) in the Hanggar Talasalapang Area, Makassar Indriana; Ramli, Muh.; Marsuni, Nur Sandi; Ismawati, Ismawati
Economos : Jurnal Ekonomi dan Bisnis Vol. 6 No. 3 (2023): ECONOMOS : Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31850/economos.v6i3.2543

Abstract

Micro, Small and Medium Enterprises (MSMEs) are one of the driving sectors of the Indonesian economy, including in Makassar City. The development of MSMEs is a priority in Makassar's economic development. Especially in Makassar, there is an area called the Talasalapang Hangar area, which houses MSME clusters that focus on culinary tourism, offering a variety of food and drinks. This research will be carried out in the Talasalapang Hangar Area of Makassar City with an implementation time of 12 months. The population in this study of all MSMEs in the Talasalapang Hangar Area amounted to 155 MSMEs, sampling was carried out using purposive random sampling techniques. The minimum number of samples is 112 MSMEs in the Talasalapang Hangar area of Makassar City. For research data collection instruments using questionnaires in obtaining quantitative data. So in this study it is concluded that: 1) the picture of economic literacy in MSMEs in the Talasalapang Hangar area is generally categorized as low, the picture of financial literacy in MSMEs in the Talasalapang Hangar area is generally categorized as high and the picture of business performance in MSMEs in the Talasalapang Hangar area is generally categorized as low. 2) there is an influence of economic literacy and financial literacy together on business performance in MSMEs in the Talasalapang Hangar area, the magnitude of the influence together is 42%. 3) there is a positive and significant influence of economic literacy on business performance in MSMEs in the Talasalapang Hangar area, and 4) there is a positive and significant influence of financial literacy on business performance in MSMEs in the Talasalapang Hangar area.
Abnormal Comparison Analysis of Return and Trading Volume Activity Before and After The Announcement of The Covid 19 Pandemic Marsuni, Nur Sandi; Arum, Ruki Ambar; Mariana, Lina; Nersiyanti, Nersiyanti
Economos : Jurnal Ekonomi dan Bisnis Vol. 6 No. 3 (2023): ECONOMOS : Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31850/economos.v6i3.2744

Abstract

The Covid-19 pandemic has been a significant turning point in global history, not only from a public health perspective but also in the context of its impact on economic stability, including capital markets. This research aims to analyze the reaction of the Indonesian capital market to the first case of Covid-19 by focusing on two indicators, namely Abnormal Return (AR) and Trading Volume Activity (TVA). Observations were carried out seven days before and seven days after the first announcement of Covid-19 in Indonesia. The research population includes Financial sector companies listed in February and March 2020 on the Indonesia Stock Exchange (BEI). The purposive sampling method was used to select 30 financial companies that met certain criteria. A quantitative approach and comparative method were used in this research, tested using the Wilcoxon Signes Rank Test. The research results show significant differences in AR before and after the announcement of the Covid-19 pandemic. The increase in Abnormal Returns after the announcement indicates that investors tend to trust companies that already have a record of returns or profits before the event, rather than having to rely on predictions of future profits. The Wilcoxon Signed Rank Test results also revealed significant differences in Trading Volume Activity before and after the Covid announcement, indicating changes in trading activity in the capital market. This research provides insight into how the Indonesian capital market responds to health crisis events such as Covid-19, and can serve as a basis for further understanding of economic and financial dynamics in facing similar challenges.