Variables Affecting the Level of Acceptance on Redenomination Policies

Tjandrasa, Benny Budiawan and Lomo, Imanuel Adrianus (2018) Variables Affecting the Level of Acceptance on Redenomination Policies. South East Asia Journal of Contemporary Business, Economics and Law, 16 (5). pp. 78-96. ISSN 2289-1560

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The Indonesian government plans to implement rupiah redenomination. Yet, there is an opinion that the application of redenomination can trigger inflation. In addition, there are public concerns because in the past the government carried out a cut in the value of money (sanering) three times in 1950, 1959, and 1966, in which people who saved assets in rupiah felt aggrieved. Since there are allegations that some Indonesians do not fully understand the difference between sanering policies and redenomination policies, this topic is interesting to study further. This study aims to determine whether there are effects of overreaction, risk avoidance, redenomination knowledge, age, gender, and level of education on the level of acceptance of rupiah redenomination policy. The type of research conducted in this study is explanatory research. The data collection technique used in this study is surveys by giving questionnaires with a Likert scale. The samples collected are from 1,105 respondents using simple random sampling, and those data are processed using logistic regression. The conclusions obtained from this study: there are significant influence of risk avoidance, redenomination knowledge and gender on the level of acceptance of people towards the implementation of the rupiah redenomination policy, whereas age and level of education and overreaction have no significant effects on it. The implication of the results of this study is that the government needs to provide a better understanding of redenomination in the community and this can be done by collaborating with educational institutions.

Item Type: Article
Uncontrolled Keywords: redenomination, overreaction, risk avoidance, demographic factors, logistic regression
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Depositing User: Perpustakaan Maranatha
Date Deposited: 19 Jun 2019 06:11
Last Modified: 19 Jun 2019 06:11

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