The role of home ownership credit in the concept of time value for money and the effect of banking credit costs in pandemic era

Enrich Van Bosar Sitorus; Gabriela CM Sormin; Iskandar Muda

doi:10.53730/ijhs.v6nS1.5192

The role of home ownership credit in the concept of time value for money and the effect of banking credit costs in pandemic era

https://doi.org/10.53730/ijhs.v6nS1.5192

Authors

Enrich Van Bosar Sitorus Universitas Sumatera Utara, Medan, Indonesia
Gabriela CM Sormin Universitas Sumatera Utara, Medan, Indonesia
Iskandar Muda Universitas Sumatera Utara, Medan, Indonesia

Keywords:

Time Value of Money, Home Ownership Credit

Abstract

Money and its function in economic activities are not only based on the value listed in it but also there is time involvement that makes the value of money increase or decrease. The effect of time on the value of money is known as the concept of time value of money. This concept is important because it can help us to make decision for investing, taking loans, insurance, and other economy transaction. For the benefit of the people in a country the concept of time value of money is used to determine the amount of interest rates in home ownership credit. Home ownership lenders can use SWOT methods to develop a home ownership credit program with directed supervision so that risks can be prevented and benefits can be enjoyed.

Downloads

Download data is not yet available.

References

Andhika, R. S., & Erwin, K. (2021). Factors Affecting the Distribution of Working Capital Credit: A Case Study of Rural Banks in Indonesia. The Journal of Asian Finance, Economics and Business, 8(6), 121-132. https://doi.org/10.13106/jafeb.2021.vol8.no6.0121

Brannon, D. C., & Manshad, M. S. (2022). Personal saving orientation is associated with higher likelihood of paying with cash versus credit: The role of financial power signaling. Personality and Individual Differences, 190, 111547.

Kashmir. (2004). Banks and Other Financial Institutions. Jakarta: PT Raja Grafindo Persada

Lovett, S., Rasheed, A. A., & Hou, W. (2022). Stock options, restricted stock, salary, or bonus? Managing CEO compensation to maximize organizational performance. Business Horizons, 65(2), 115-123.

Muda, I., and Hasibuan A. N.. (2018). Public Discovery of the Concept of Time Value of Money with Economic Value of Time. Emerald Reach Proceedings Series. Vol. 1 pp. 255–261. Emerald Publishing Limited. ISSN. 2516-2853. DOI 10.1108/978-1-78756-793-1-00050.

Najaf, K., Subramaniam, R. K., & Atayah, O. F. (2022). Understanding the implications of FinTech Peer-to-Peer (P2P) lending during the COVID-19 pandemic. Journal of Sustainable Finance & Investment, 12(1), 87-102.

Republic of Iindonesia (1998). Law No. 10 of 1998 Concerning Amendments to Law No. 7 of 1992. Through (bi.go.id). Accessed March 10, 2022.

Simanjuntak, A.M.B, Daulay, P, (2020). Feltham Model: A Framework for Determining The Value of A Change In The Information Decision (The Decision Maker). Turkish Online Journal of Qualitative Inquiry. 11(4). 964-977. https://tojqi.net/index.php/journal/article/view/8209

Sinaga, J.S, Muda, I, Silalahi, A.S (2020). The Effect of BI Rate, Exchange Rate, Inflation and Third Party Fund (DPK) on Credit Distribution and Its Impact on Non Performing Loan (NPL) on XYZ Commercial Segment Bank. Universal Journal of Accounting and Finance, 8(3), 55 - 64. DOI: 10.13189/ujaf.2020.080301. http://www.hrpub.org/download/20200830/UJAF1-12217001.pdf

Suyatno, Thomas (2007). Institutional Banking. Jakarta: PT Gramedia Pustaka Utama.

Venkatachalam, R., & Zambelli, S. (2022). Self-replacing prices with credit and debt. Structural Change and Economic Dynamics, 60, 451-466.

Published

01-04-2022

How to Cite

Sitorus, E. V. B., Sormin, G. C., & Muda, I. (2022). The role of home ownership credit in the concept of time value for money and the effect of banking credit costs in pandemic era. International Journal of Health Sciences, 6(S1), 2685–2692. https://doi.org/10.53730/ijhs.v6nS1.5192

Download Citation

Issue

Vol. 6 No. S1 (2022)

Section

Peer Review Articles

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Articles published in the International Journal of Health Sciences (IJHS) are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJHS right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.

Articles published in IJHS can be copied, communicated and shared in their published form for non-commercial purposes provided full attribution is given to the author and the journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.

This copyright notice applies to articles published in IJHS volumes 4 onwards. Please read about the copyright notices for previous volumes under Journal History.