cover
Contact Name
Wahyu Ario Pratomo
Contact Email
wahyu@usu.ac.id
Phone
+62811634429
Journal Mail Official
jse@usu.ac.id
Editorial Address
Jl. Prof. T. M. Hanafiah, S.H., Kampus USU, Medan, 20155, Sumatera Utara, Indonesia Fakultas Ekonomi dan Bisnis, Universitas Sumatera Utara
Location
Unknown,
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INDONESIA
Journal of Sustainable Economics
Published by TALENTA PUBLISHER
ISSN : -     EISSN : 30218179     DOI : https://doi.org/10.32734/
Core Subject : Economy, Social,
Journal of Sustainable Economics (JSE) is a peer-reviewed publication of original research works. The mission of the journal is to offer a medium to exchange ideas and information about the advancement of knowledge and research in disiplines of economics and econometrics from the following subject area such as microeconomics, macroeconomics, developing economics, finance and banking, islamic economics and public economics. The journal also receives systematic reviews, meta-analysis and review article on new issues in pharmaceutical and clinical sciences. Submission to this journal implies that the manuscript has not been published or under consideration to be published in another journal. At the initial stage, this journal will be published online twice a year. Each publication contains 5 (five) research articles which will be published online. This journal is open access and published by TALENTA Publisher which organized by Department of Development Economics, Department of Economics Postgraduate and Doctoral Program, Faculty of Economics And Business, Universitas Sumatera Utara (USU).
Articles 9 Documents
The Effects of Corporate Governance, Managerial Ownership and Bonus Plan on Earnings Management: A Case of ASEAN-3 Companies Alexandermayer H Silalahi; Ari Warokka
Journal of Sustainable Economics Vol. 1 No. 1 (2023): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER USU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v1i1.12064

Abstract

This study is to examine and analyze the effects of corporate governance, managerial ownership, and bonus plan on earnings management of manufacturing and financial companies, which are listed on the Indonesia Stock Exchange, Malaysia Stock Exchange, and the Philippines Stock Exchange. It analyzed the balance sheet data, income, and capital statements presented in the 2008-2012 periods and applied the multiple linear regression analysis and one-way ANOVA to test the proposed hypotheses. The findings showed that corporate governance, managerial ownership, and bonus plan simultaneously did not affect earnings management. There was no significant difference in the proportion of independent board of commissioners, the size of the board of directors, proportion of independent audit committee, managerial ownership, bonus plan, and earnings management between Indonesia, Malaysia, and the Philippines stock exchanges. It implies that the ASEAN-3 companies consider corporate governance unimportant in managing their earnings. It also gives new insights into a rare phenomenon of agency theory findings in semi-strong market efficiency post-global financial crisis 2008.
Mangrove Optimization to Improve Economic Growth Of Coastal Communities Pramiado Samuel Siregar; Dian Farista; Ria Risti Fausi
Journal of Sustainable Economics Vol. 1 No. 1 (2023): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER USU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v1i1.12065

Abstract

Mangrove leaves contain high antioxidants that can be used as drinks such as tea. This research aims to make de.ruju tea, which is a tea that is produced simply. The research methods include organoleptic tests to determine the level of public liking for de.ruju tea. besides that, SWOT analysis to determine the strengths, weaknesses, opportunities and threats to determine the opportunity value of de.ruju products. The results showed that processing mangrove leaf raw materials into functional food as tea improved the economic level of the Tambakrejo Village community by increasing profits by 112%. The SWOT analysis results show that de.ruju products have an IFAS matrix value of 2.7. This shows that the product situation is very good and has advantages higher than weaknesses and an EFAS matrix of 2 so that the product is able to take advantage of opportunities to avoid threats from the environment.
Credit For Export Bow Penetration: Catalyzing A Breakthrough In The International Trade Sector Gerald Ezra Charles; Magnus Hosea Rangen Jaya
Journal of Sustainable Economics Vol. 1 No. 1 (2023): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER USU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v1i1.12066

Abstract

International trade, especially through exports, can certainly be an alternative to overcome the various uncertainties that arise due to the Covid-19 pandemic. Unfortunately, in boosting Indonesia's export performance, Indonesia is still faced with the main problem, the narrowness of the export destination market is also a problem that makes Indonesia very dependent on the economic conditions of the main trading partner countries. Credit for Export Penetration is mainly a loan provided to finance export activities to non-traditional markets. Credit for Export Penetration also utilizes collaboration across stakeholders including the Ministry of Trade, Ministry of Industry, trade attache, and ITPC.
Long-Run Determinants of Inflation in Malaysia and Indonesia: Does Geopolitical risk matter? Yusri Yahya; Mohammad Bintang Pamuncak
Journal of Sustainable Economics Vol. 1 No. 2 (2023): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER USU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v1i2.14212

Abstract

This study attempts to investigate the determinants of inflation in Malaysia and Indonesia in the long run. By using macroeconomic variables that theoretically matter to manage inflation such as money supply and exchange rate, this study also includes geopolitical risk index as proxy of uncertainty to be investigated further as another determinant that may cause the increasing of inflation rate in Malaysia and Indonesia. The data covers the period 2014:M11 to 2023:M8. Autoregressive distributed lag (ARDL) approach is employed to determine the long-run relationship. The main findings in this study demonstrate that the money supply and geopolitical risk are among the determinants of inflation in Malaysia in the long run. Meanwhile contrary to that, only money supply determines inflation in Indonesia. The finding indicates that money supply and geopolitical risk matter to inflation management. Hence, this study suggests that monetary authorities must take an active role towards money supply and geopolitical risk issue.
Does the Democracy and Economic Growth Affect Human Development in Indonesia? Wahyu Sugeng Imam Soeparno; Wahyu Ario Pratomo
Journal of Sustainable Economics Vol. 1 No. 2 (2023): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER USU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v1i2.14300

Abstract

Democracy and economic growth can be improvement of human development progress. The interaction between democracy and economic growth and human development achievements has profound implications for the development of societies and countries. This article will contribute to a better understanding of the complicated interplay between democracy, economic growth and human development. The study employs the autoregressive distributed (ARDL) to prove the relationship between democracy, economic growth and human development in Indonesia for the period 1990-2021. There is long-run cointegration relationship between democracy and economic growth on human development in Indonesia during the sample period. Where, economic growth contibutes positively to HDI and is statistically significant and democracy not significant impact to human development in Indonesia. In the short-run, democracy and economic growth have a positive and significant impact on human development in Indonesia. where democracy has greater implications for human development than economic growth. Diagnostic tests for serial correlation, functional form, normality and heteroscedasticity of the models were conducted, and the results are valid for meaningful interpretation.
Financial Literacy and MSME Performance: Mediation and Moderation Analysis Juan Jose Duran Hererra; Ari Warokka; Aina Zatil Aqmar
Journal of Sustainable Economics Vol. 1 No. 2 (2023): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER USU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v1i2.14304

Abstract

This research examines the mediating role of access to finance, financial risk management, and competitive advantage in the relationship between financial literacy and Micro, Small, and Medium Enterprises (MSME) performance. This research also tests demographic factors such as the owner's gender, company size, company age, and number of employees in moderating the influence of the variables studied. The sample for this research is MSMEs in Jakarta Province, Indonesia. Five hundred and fifty MSMEs participated in the study using a web-based self-administered questionnaire. The data was analyzed using Partial Least Square Structural Equation Modeling (PLS-SEM). The research results show that financial literacy positively affects access to finance, financial risk management, competitive advantage, and MSME performance. Access to finance, financial risk management, and competitive advantage positively affect MSME performance and can mediate the relationship between financial literacy and MSME performance. The research also uncovers the moderating role of demographic factors, suggesting that the strength of the connections between financial literacy, access to finance, financial risk attitude, competitive advantage, and MSME performance may vary based on these factors. These findings carry significant implications for owners, managers, and governmental stakeholders, emphasizing the importance of enhancing financial literacy among MSMEs to enhance their performance.
Carbon Emissions In Indonesia Viewed From Tourism Aspects Monika Andrasari; Sirojuzilam Hasyim; Ahmad Albar Tanjung; M. Syafii; Irsad Lubis
Journal of Sustainable Economics Vol. 2 No. 1 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER USU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i1.15627

Abstract

The purpose of this study is to see the effects of the tourism sector on the number of carbon emissions in Indonesia. The importance of the tourist industry in Indonesia is growing in parallel with its growth and economic contribution, but It is undeniable that all economic activity, including tourism, has an impact on environmental change, particularly the rise in carbon dioxide emissions. Therefore, testing was carried out using the Autoregressive Distributed Lag (ARDL) method to see the long-term and short-term relationships between the independent variables to the dependent variable. The variables used in this study are CO2 emission values, tourist arrivals, tourism contribution to GDP and foreign direct investment. For long-term analysis, FDI has no effect on carbon emissions in Indonesia, tourist arrivals have a positive and significant effect on alpha 1%, while the contribution of tourism to GDP has a negative and significant effect on alpha 5% on carbon emissions. In the short-term the CO2 variable from the previous period has a significant positive effect on current CO2, current tourist arrivals have a significant negative effect on current CO2 (10% error rate) and the Tourism Contribution of the previous two periods has a significant negative effect on the 5% error rate to the number of carbon emissions in Indonesia.
Tiktok and Beauty in the Age of Gen Z: A Baudrillard’s Economic Sociological Analysis Rahma Hayati Harahap; Rowiyah Asengbaramae; Nadia Aulia Karindra
Journal of Sustainable Economics Vol. 2 No. 1 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER USU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i1.16296

Abstract

Through influencers and E-WoM, TikTok creates a favourable environment for users in adapting and trying new things, both in terms of consuming products and marketing products. Through Baudrillard's theory, it can be seen that Gen Z’s consumption culture is influenced by their self-representation on social media. The background of this research lies in a shift in the paradigm of beauty consumption in the era of Generation Z. TikTok users quickly promoted and adopted a variety of beauty trends, creating a foundation for understanding the symbolic meaning created by the Gen Z’s consumption culture. The theory used is Jean Baudrillard's theory of consumer society. In this theory, consumer society no longer consume objects based on exchange values or usage values, but because of symbolic values which are abstract and constructed in nature. This article uses a literary study research method that involves searching and critically analysing relevant literature related to the title of the article. This study aims to explain Gen Z’S consumption culture on Tiktok’s beauty trend through Baudrillard's sociological economic perspective. Therefore, this article not only explains the beauty trends that are emerging in TikTok, but also opens up a discussion about how tikTok contributes to the formation of Gen Z’S identity and consumption culture.
Mapping Sustainable Development Goals and Constitutional Rules: Looking from Human Rights Approach in Malaysia Abdul Gafar Ismail; Ruzian Markom; Nur Hannani Abdul Ghafar
Journal of Sustainable Economics Vol. 2 No. 1 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER USU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i1.16663

Abstract

The 2015 Sustainable Development Goals (SDGs) provide the UN with a roadmap for development until 2030. The goals would also be subjected to the national agenda. The study explored the associated legal and normative implications of SDGs. The 17 goals and 169 targets of the SDGs covered crucial areas of poverty reduction, climate change, clean water, and access to justice. Combining both thematic and goal-specific analysis, the study establishes the relevance not just of international law, but also of a broader range of normative frameworks including constitutional norms, domestic regulatory law, and human rights. Connecting the SDGs to wider debates in constitutional economics and sustainable development, this study ultimately demonstrates that law has an important constitutive and instrumental role to play in both implementation and analysis. The method used is based on the review of the constitutional provision in Malaysia and major international agreements on sustainable development which are linked to human rights. This relationship will prove invaluable for scholars in the field of sustainable development. Its insightful observations will also provide food for thought for both related international organizations and national government officials.

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