Studi Ekonomi dan Kebijakan Publik

Analisis Potensi Pendapatan Jasa Giro atas Belanja Modal DKI Jakarta

Caecilia Puspaningtyas — 2025-07-01

Purpose: This study aims to explore the potential of increasing regional revenue through effective cash management of capital expenditures by withholding cash for value-added tax until the due dates on bank accounts. This analysis also compares the projected potential interest revenue with the actual interest income received by the DKI Jakarta Province to assess its contribution to the local revenue.

Methodology/approach: This study used quantitative descriptive methods. The data used in this study are secondary data from DKI Jakarta Province’s Statement of Budget Realization in 2019-2023, especially the Capital Expenditure section. This study also uses the annual interest rate from the Central Bank of Indonesia to calculate the potential of interest revenue. The projection tool used in this study is the Compound Annual Growth rate (CAGR) using Microsoft Excel.

Results: The results of this study indicate that revenue generated through cash management of capital expenditure has the potential to increase the local government’s revenue; however, its contribution to the interest income section remains relatively insignificant.

Conclusion: Increasing the local government’s capital expenditure increases the potential for earning interest income.

Limitations: The limitation of this study lies in its focus, which is restricted to exploring the potential of value-added tax related to capital expenditure.

Contribution: This study may provide stakeholders with the information necessary to manage their cash revenue and increase it with interest income, address the gap in the literature on regional revenue diversification strategies, and contribute to the fields of public policy and financial management.

Pengaruh Kepemilikan Manajerial, Capital Intensity dan Inventory Intensity terhadap Agresivitas Pajak

Mutia Dwi Putri — 2025-07-06

Purpose: Kajian ini dirancang guna mengevaluasi pengaruh Kepemilikan Manajerial, Capital Intensity serta Inventory Intensity terhadap agresivitas pajak perusahaan.

Methodology: Pendekatan kuantitatif berjenis asosiatif dipergunakan di penelitian ini, dengan fokus pada perusahaan sektor Properti dan Real Estate yang ada di BEI selama periode 2019-2023. Sampel dilakukan penentuan dengan teknik purposive sampling sesuai ketentuan khusus, sehingga dari 94 perusahaan yang tersedia, hanya 9 yang dipilih dan menghasilkan 45 unit observasi. Pengolahan data dilaksanakan mempergunakan regresi data panel dengan bantuan perangkat lunak EViews versi 12.

Results: Secara parsial, tidaklah ditemukan pengaruh yang signifikan dari variabel Kepemilikan Manajerial maupun Inventory Intensity terhadap agresivitas pajak. Namun, Capital Intensity memberikan pengaruh positif. Secara simultan, ketiga variabel tersebut bersama-sama berkontribusi pada tingkat agresivitas pajak perusahaan.

Conclusion: Temuan ini mengindikasikan bahwa Capital Intensity memainkan peran krusial dalam menentukan agresivitas pajak perusahaan, sehingga efisiensi dalam pengelolaan aset tetap menjadi aspek penting dalam penyusunan strategi perpajakan.

Limitation: Keterbatasan penelitian ini terletak pada aspek waktu, keterbatasan sumber daya, serta jumlah sampel yang terbatas, sehingga hasil penelitian belum dapat digeneralisasi secara menyeluruh. Selain itu, variabel yang dianalisis hanya mampu menjelaskan 20,3% dari variasi agresivitas pajak, mengindikasikan bahwa masih ada faktor lainnya di luar model yang butuh dilakukan penelitian lebih lanjut.

Contribution: Kontribusi empiris dari penelitian ini tercermin melalui temuan bahwa Capital Intensity secara signifikan memengaruhi agresivitas pajak pada perusahaan di sektor Properti dan Real Estate. Penelitian ini juga menambah wawasan dalam literatur perpajakan dengan mengangkat variabel Kepemilikan Manajerial dan Inventory Intensity, yang hingga kini masih jarang menjadi fokus kajian pada sektor tersebut.

Peran Balanced Scorecard Terhadap Peningkatan Kinerja Organisasi di Sektor Publik: Studi Literatur

Rohani Risnauli Nababan — 2025-07-09

Purpose: This study explores the role of BSC in improving both financial and non-financial organizational performance in public sector organizations.

Methodology/approach: This qualitative research employs a literature study method and utilizes secondary data sources from various studies, including articles and books obtained from Google Scholar.

Results/findings: The Balanced Scorecard (BSC) plays a very important role because it can help organizations improve their performance and realize better organizational governance. With proper and strategic implementation, the BSC helps organizations align goals and activities at all levels, increase accountability and transparency, and improve stakeholder satisfaction. Therefore, the BSC is not only a performance measurement tool but also a strategic management framework that drives continuous improvement and organizational effectiveness, making it highly relevant for public sector organizations seeking to enhance performance and effectively achieve their goals.

Conclusion: The Balanced Scorecard (BSC) is an effective strategic tool for public sector organizations to enhance accountability, transparency, and overall performance. Despite implementation challenges, its benefits outweigh the difficulties, making the BSC a valuable framework for aligning vision, mission, and organizational goals toward more efficient and effective management.

Limitations: The research uses a literature study method, so there is a possibility that there is a gap with the world of practice.

Contribution: This study contributes to the performance literature, particularly in public sector organizations.

Pengaruh Emisi Karbon, Inovasi Hijau Terhadap Nilai Perusahaan dengan Moderasi Kinerja Lingkungan

Maya Artika — 2025-07-11

Purpose: This study aims to explore the influence of carbon emissions and green innovation on firm value, considering environmental performance as a moderating factor.

Methodology/approach: This research employs a quantitative methodology, drawing upon secondary sources derived from both Sustainability Reports and Annual Reports. The study focuses on manufacturing firms included in the Indonesian Sharia Stock Index (ISSI) for the years 2021–2023.

Results/findings: The results demonstrate that company value is affected by the extent of disclosures concerning carbon emissions and green innovation. However, environmental performance does not function as a moderating factor in the link between carbon emission disclosure, green innovation, and firm value. Islamic law states that any company's everyday activities must include meeting its responsibilities to the community and environment.

Conclusion: These findings suggest that firm value is directly influenced by green innovation and the transparency of carbon emission disclosures. However, the correlation between these factors and business value is not substantially strengthened by environmental performance. This finding implies that business initiatives to enhance environmental performance are not yet sufficient to convince investors to change their perception of the risks or benefits associated with carbon emission disclosure and green innovation.

Limitations: This study has limitations because it only focuses on 20 primary consumer goods sector manufacturing companies registered with ISSI during the period 2021-2023, so the generalization of the results is limited.

Contribution: This research contributes to deepening the comprehension of how carbon emission disclosure and green innovation affect Indonesian companies' worth, as well as the role that complicated environmental performance plays as a moderating factor.

Financial Management and Marketing Technology as Drivers of MSME Performance

Nanda Gumay — 2025-07-16

Purpose: This study aims to examine the influence of financial management (FM) and marketing technology (MT) on the performance of micro, small, and medium enterprises (MSMEs) in Kotabumi, North Lampung, Indonesia. It specifically investigates whether FM and MT individually and jointly affect MSME performance in a resource-constrained setting.

Methodology: A quantitative survey was conducted with 100 MSME owners as respondents. Data were analyzed using SmartPLS 3 and the partial least squares structural equation modeling (PLS-SEM) technique. This approach was selected because it is well suited for relatively small samples and complex causal models.

Results: The findings indicate that FM did not have a significant direct effect on MSME performance, reflecting limited formal financial practices and constrained access to financial resources among local MSMEs. In contrast, MT showed a strong positive effect, highlighting its role in expanding market reach, improving competitiveness, and strengthening customer engagement. Furthermore, the combined effect of FM and MT explained 48.7% of performance variance, suggesting that FM supports the sustainability of MT adoption even if its individual effect is weak.

Conclusion: Marketing technology significantly enhances MSME performance, while financial management plays a complementary enabling role. The findings suggest prioritizing digital adoption alongside progressive financial capability building in resource-constrained contexts.

Limitations: The study was limited to one region with a relatively small sample, and it adopted a cross-sectional design. Other performance-related factors, such as innovation capability or entrepreneurial orientation, were not included.

Contribution: This research contributes to the literature on MSME development and the resource-based view (RBV) by showing how marketing technology dominates short-term performance, while financial management plays a supportive role.