Indonesian Exchange Research Articles

Macro-Economics Moderating the Effect of Supply Chain Management on Competitive Advantage and Firm's Performance in the Shipping Industry in Stock Exchange Indonesia

The purpose of this study is to test and analyze moderating Macro-economics on the influence of Supply Chain Management on competitive advantage and Firm's Performance. The population in this study are shipping industry companies listed on the Indonesia Stock Exchange from 2013 to 2019. Data analysis using the Partial Least Square (PLS). The conclusion from the results of this study is that supply chain management has a significant effect on the competitive advantage of companies engaged in the shipping industry listed on the Indonesia Stock Exchange from 2018 to 2019. Supply chain management and competitive advantage have no significant effect on the firm's performance. Macro -economics moderating is proven to influence supply chain management relationships with competitive advantage, as well as the relationship between competitive advantage and supply chain management with firm's performance.

Effect of Ownership Structure, Investment Opportunity and Debt Policy on Dividend Policy


 
 
 
 The purpose of this study was to analyze the effect of ownership structure, investment opportunities and debt policy on dividend policy in the LQ 45 companies of the Indonesian Stock Exchange in 2017-2020. The population in this study was composed of companies belonging to the LQ 45 group of the Indonesian exchange with a total sample of 30 companies that were consistent in the LQ 45 group of the Indonesian exchange over the period 2017-2020. The analysis technique used is panel data regression using Eviews 9.0. The results of this study indicate that the management of real estate, institutional real estate and investment opportunities have a significant effect on dividend policy, while debt policy has no significant effect on dividend policy..
 
 
 

Effect of Current Ratio, Debt To Equity Ratio, Return On Assets To Return Share With Earnings Per Share as A Mediation Variable in Sub Sector Companies Transportation And Logistics

Sector transportation is wrong one sub sector from sector infrastructure on the Indonesia Stock Exchange (IDX). Infrastructure is one of the determining factors development economy which same importance with factors production general other like capital and power work . To determine the effect of the Current Ratio (CR) on Stock Returns in Transportation and Logistics Sector Companies Listed on the Stock Exchange Indonesia period 2017-2021 . Quantitative data is data or information obtained in form number. In the form of number this so data quantitative can in process use formula mathematics or could also in analysis with system statistics, In this study the data obtained from secondary data, namely www.idx.co.id reports annual report which published to general . The F statistical test aims to determine whether there is an effect of Among all variable independent entered in model regression by together (simultaneously) on the dependent variable tested at the level of significance must be less than 0.05.

Analisis Dampak Instrumen Kebijakan Moneter Terhadap Stabilitas Perekonomian di Indonesia

The purpose of this study is to determine how the influence of monetary policy instruments on economic stability in Indonesia. Monetary policy instruments as exogenous variables are policies in the money supply M2 (X1) and Bank Indonesia interest rates (X2) while indicators of economic stability as endogenous variables can be seen from price stability (Y1) and exchange rate stability (Y2). This research is descriptive and associative research. The data used in this study is monthly secondary data from January 2001 to December 2020 which was collected through documentation from the relevant agencies. The data analysis used in this research is descriptive analysis and inductive analysis. In the inductive analysis there are several tests, namely (1) Stationarity Test; (2) Cointegration Test; (3) Multiple Linear Regression Test and Error Correction Model (ECM); (4) Classical Assumption Test; (5) T test and F test. The results of this study is: (1) in the long term and short term the money supply M2 has a negative effect on price stability in Indonesia; (2) Bank Indonesia interest rates in the long term and short term have a positive influence on price stability in Indonesia; (3) in the long term and short term The money supply M2 has a positive influence on the stability of the exchange rate in Indonesia; (4) Bank Indonesia interest rates in the long term and short term have a positive influence on exchange rate stability in Indonesia.

Analisa Proksimat dan Kadar Kafein Pada Green Bean Robusta Berdasarkan Lama Waktu Fermentasi

Coffee is one of the commodities that provide additional foreign exchange for Indonesia. This is supported by the position of the country of Indonesia which is the number 4 producer of coffee beans in the world. One type of coffee that is cultivated in Indonesia is Robusta coffee. Robusta coffee is known as coffee that is resistant to various diseases and extreme environments, has superior properties and is very fast growing, therefore Robusta coffee is widely chosen to be planted by Indonesian. One of the step at coffee processing by full wash processing is fermentation. Fermentation is a process that produces chemical reactions involving other microorganism that breaking down polysaccharide into enzyme and monosaccharide. That process itself is influenced by several factors, including the number of bacterial inoculum, fermentation time, substrate (medium), temperature, oxygen, water and acidity (pH). The incubation period of fermentation is the most step that determine the quality of coffee. The purpose of this study was to determine the effect of the length of fermentation time on the wet coffee processing method on green beans robusta that produced by looking at several chemical parameters, including water content, ash content, fat content, carbohydrate content and caffeine content. The results showed that variations in fermentation time had a significant effect on the parameters of water content, ash, carbohydrates, fat and caffeine.

Exchange Rate, Stock Return, and Bond Return in Indonesia: An ARDL Approach

The purpose of this research is to investigate the relationship between the Indonesian exchange rate, stock return, and bond return. This study uses time series data in monthly frequencies from sources Thomson Reuters and Bank Indonesia during the period January 2010 to December 2020. This paper uses quantitative research by employing the Autoregression Distribution Lage (ARDL) approach to analyze the causal relationship between variables in this study. According to the results of the ARDL estimation, changes in exchange rates were inversely related to stock returns. Various findings were also found, demonstrating that changes in exchange rates were positively related to bond returns. Stock and bond returns, on the other hand, were inversely related. According to this study, when there is uncertainty in the stock market, investors would rebalance their portfolios. When investors move their money to safer places or safe havens, this is known as the "flight to quality" phenomena.

The Short-Run and Long-Run Effects of Central Bank Rate on Exchange Rate Volatility in Indonesia

This research measures the short and long-run effects of central bank policy rate on the volatility of the exchange rate in Indonesia using the quarterly data from Q1 1992 to Q4 2019. The process involves applying an Autoregressive Distribution Lag estimation to investigate the effects of the variables. The exchange rate volatilities include Indonesia Rupiah to US Dollar (IDR-USD), Indonesia Rupiah to Singapore Dollar (IDR-SGD), Indonesia Rupiah to Australia Dollar (IDR-AUD), Indonesia Rupiah to British Pound Sterling (IDR-GBP), and Indonesia Rupiah to Euro (IDR-EURO). Several results were obtained and the first to show the adjustment time for exchange rate volatility to achieve long-run equilibrium was 1.77 quarters to 2.26 quarters using the ARDL estimation. Secondly, a decrease in the central bank rate was found to significantly reduce the exchange rate volatility in the short run and long run. These results are robust since Full Modified Ordinary Least Square (FMOLS) estimation was applied for all five models. Furthermore, it was found that in the long run, the central bank policy rate had a significant positive effect on the volatility of the Indonesia Rupiah against five foreign exchange rates. Therefore, it was suggested that the policymakers need to keep the interest rate of the central bank low and stable to ensure the Rupiah exchange rate stability.

Analisis Faktor-Faktor yang Memengaruhi Ekspor Cengkih Indonesia ke Negara Tujuan Ekspor Cengkih Utama

One of the plantation commodities that has the potential to become a source of foreign exchange for Indonesia is cloves (Syzigium aromaticum L. Marr. and Perr.). National cloves production fluctuates, so that in cloves production it is known as the big harvest, medium harvest and small harvest. The clove cigarette industry is the main consumer of cloves because it absorbs 95% of the national clove production which is used as the main raw material in producing. This causes the volume of cloves to exported reduced, therefore research related to the analysis of the factors that affect the volume of clove exports to the main export destination countries needs to be carried out in order to produce recommendations to the government regarding the development of Indonesian clove exports, especially in the main clove export destination countries. The main destination countries selected in this study are India, Vietnam, Saudi Arabia, Singapore, Pakistan, and the United States which consistently import cloves from Indonesia in large volumes. This study uses a panel data analysis method using time series data for the period 2002-2019 and a cross section in six main destination countries for Indonesia's clove exports.

The Effect of Profitability and Capital Structure on Price Book Value with Dividend Payout Ratio as Moderating Variables in the Consumer Goods Industry Listed on the Stock Exchange Indonesia for 2017-2020

This research aimed to analyze the effect of profitability and capital structure on price book value with dividend payout ratio as a moderating variable in the goods industry consumption listed on the Indonesia Stock Exchange for the period of 2017-2020. The population in this research were 51 Consumer Goods Industries listed on the Indonesia Stock Exchange for the period of 2017-2020. The sample of this research amounted to 60 financial reports from 15 Consumer Goods Industries listed on the Indonesia Stock Exchange for the period of 2017-2020. The data analysis tool used Partial Least Square (PLS). The results of the analysis showed that profitability (return on equity) had an effect on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange for the period of 2017-2020. Capital structure affected the Price Book Value of the Consumer Goods Industry listed on the Indonesia Stock Exchange for the period of 2017-2020. Dividend Payout Ratio had no effect on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange the period of 2017-2020. Dividend Payout Ratio did not moderate the effect of profitability (return on assets) on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange the period of 2017-2020. Dividend Payout Ratio moderated the effect of profitability (return on equity) on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange the period of 2017-2020. Dividend Payout Ratio did not moderate the effect of capital structure on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange the period of 2017-2020.

Islamic Versus Conventional Monetary Transmission: Which One Is Better Affecting Exchange Rate?

This study examined the impact of Islamic monetary and conventional transmissions on Indonesia's exchange rate performance. The Islamic monetary transmissions are musyarakah financing (proxied by the ratio of musyarakah to a total loan of conventional banks) and corporate sukuk (asset price), while the conventional transmission is the interbank interest rate (INTERB). Furthermore, this paper also incorporated gold price (GP) (asset price transmission) as a control variable. This study used monthly data from February 2011 to September 2021. By using the ARDL Bound Test, the long run results showed that the performance of Islamic monetary transmission through musyarakah financing has more effect of exchanging rate than INTERB. Therefore, Bank Indonesia should focus on musyarakah financing as its monetary transmission instead of INTERB. In the short run, corporate sukuk and musyarakah financing impact the exchange rate (10% and 1% significant level, respectively), while INTERB and GP can affect the exchange rate with lag (second month onward for each).

PENGARUH KONSERVATISME AKUNTANSI DAN INTENSITAS MODAL TERHADAP PENGHINDARAN PAJAK PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

This study aims to determine the effect of accounting conservatism and capital intensity on tax avoidance. Tax avoidance is the dependent variable in this study it is measured by the cash effective tax rate (CETR). The independents variables studied in this study are accounting conservatism and capital intensity. The type of research is associative research with a quantitative approach. Population in this study are pharmaceutical companies listed on the exchange Indonesia securities (IDX) year 2014-2019. The sample in the study was obtained using a purposive sampling method, so that we get 8 (eight) samples from 10 (ten) populations. The type of data in this study is secondary data which is tested using the classical assumption test method and hypothesis testing through the SPSS analysis program . The results of this study indicate that accounting conservatism and capital intensity have a simultaneous effect on tax avoidance. Partially accounting conservatism has no significant effect on tax avoidance. But, partially the capital intensity in this study has a significant effect on tax avoidance

Empirical Evidence from the Indonesia Stock Exchange: The Influence of Debt to Equity Ratio (DER) and Return on Equity (ROE) on Sharia Stock Prices

This paper aims to obtain empirical evidence about the influence of the Debt to Equity Ratio (DER) and Return on Equity (ROE) on Islamic stock prices, either partially or simultaneously. An exploratory investigation of 26 companies classified as sharia with the criteria of the Jakarta Islamic Index on the Indonesia Stock Exchange. The secondary data analysis used is to collect complete financial data for the 2014-2018 period. The secondary data was successfully examined as many as 130, then processed using SPSS 26, then analyzed using regression. The findings of the investigation provide empirical evidence that the Debt to Equity Ratio (DER) and Return on Equity (ROE) have a positive and significant influence on Islamic stock prices, either partially or simultaneously. This study provides a theoretical contribution to limited research exploring the Debt to Equity Ratio (DER) and Return on Equity (ROE) with Islamic stock prices on the stock exchange in Indonesia. In practice, this research provides significant insights that can be used to measure the company's health and assess the company's ability to generate returns from shareholder investments of companies classified as sharia.

PENGARUH RETURN ON ASSET (ROA), BOOK VALUE EQUITY PER SHARE (BV), DEBT TO EQUITY RATIO (DER), VOLUME PERDAGANGAN SAHAM DAN INDEKS HARGA SAHAM TERHADAP HARGA SAHAM BANK MNC DI BURSA EFEK INDONESIA PERIODE 2014 – 2021

The type of research used in this research is quantitative. The results of research conducted by researchers (1) Return On Assets have no partial effect on the MNC BANK Share Price on the Indonesia Stock Exchange for the 2014 – 2021 period. (2) Book Value Equity Per Share has no partial effect on the MNC BANK Share Price on the Stock Exchange Indonesian Securities Period 2014 – 2021. (3) Debt To Equity Ratio has no partial effect on the Share Price of MNC BANK on the Indonesia Stock Exchange for the 2014 – 2021 Period. (4) Stock Trading Volume has no partial effect on the Share Price of MNC BANK on the Stock Exchange Indonesia Period 2014 – 2021. (5) The Stock Price Index has no partial effect on the MNC BANK Share Price on the Indonesia Stock Exchange for the 2014 – 2021 Period. Simultaneous Test Calculation (Test F) can be concluded that H0 is accepted and Ha is rejected, which means Return On Assets , Book Value Equity Per Share, Debt To Equity Ratio, Stock Trading Volume and Stock Price Index do not simultaneously affect the share price of MNC BANK on the Indonesia Stock Exchange for the 2014 – 2021 period.

PENGARUH PERBEDAAN TANAMAN PENAUNG TERHADAP KAPASITAS MENAHAN AIR TANAH DI KEBUN KOPI RAKYAT SUMBERMANJING WETAN

Coffee is one of the farm commodities which is a source of national income and foreign exchange for Indonesia. One of the successes in the production of coffee plants is climatic conditions because it has an important role related to the water needs of plants. The availability of soil water is closely related to the ability of the soil to hold water in the soil pores (pF) and provide water for plants. Efforts to reduce the impact of climate change are the use of shade plants which will produce many litters which affect the input of water in the soil to improve soil structure and pore distribution, which will affect the soil water holding capacity. This research was conducted from March to September 2020. The research was conducted in five fields based on differences in shade plants, namely in Sumbermanjing Wetan District, Malang. The results of this research indicate that the highest soil water holding capacity is in the PK land (cocoa shade coffee garden) both at a depth of 0-20 cm and 20-40 cm because PK land has denser shade plants so that it affects the amount of water available.

The Analysis of the Linkages Between Inflation, Exports and Imports, and the Interest Rate on the Exchange Rate in Indonesia in the Year 2010-2019

<pre><em>This study aims to analyze the effect of the inflation rate, import-export activities, interest rates simultaneously on fluctuations in the rupiah exchange rate against the US dollar from 2010 to 2019. The method used in this study is the VAR/VECM with the Eviews analysis tool. to see whether there is a long-term or short-term effect between variables. The results of this study all have a positive influence on the rupiah exchange rate against the US dollar and are in accordance with the hypothesis and theory used, but the export activity variable is not in accordance with the hypothesis and theory because of the influence of imports on raw materials to produce export goods. This study also provides an update where the interest rate variable uses the theory of interest rate parity, which states that there is a balance of international interest with domestic interest so that the relationship between interest can affect fluctuations in the rupiah exchange rate against the US dollar and increase incoming capital flows</em></pre>

Sharia Compliance and Information Asymmetry for IPO In Bursa Indonesia

<p class="Bab">This study aims to analyze the effect of shariah compliance status, and information asymmetry as a proxy for institutional ownership variables, and company size on excess demand in initial public offerings on the Indonesia Stock Exchange. This study uses 51 companies that conduct initial public offerings on the Indonesia Stock Exchange as research samples obtained through purposive sampling method. The research method used in this study is a quantitative method with secondary data. The analytical tool in this research is IBM SPSS version 28 using classical assumption detection in the form of normality detection, heteroscedasticity detection, autocorrelation detection, and multicollinearity detection. This study also used multiple regression analysis and hypothesis testing using t test, F test and coefficient of determination test. The results of this study show that shariah compliant status does not affect excess demand in initial public offerings, while for institutional ownership variables positively and significantly affects excess demand in initial public offerings and company size negatively and significantly affects excess demand in initial public offerings on the Stock Exchange Indonesia.</p>

Effect Of Profitability, Liquidity And Sales Level On Income Growth With Company Size As Moderated Variables In Registered Consumption Sector Manufacturing Companies In Indonesia Exchange For 2016-2018

This study aims to determine the effect of profitability, liquidity and sales level on profit growth with company size as a moderating variable in consumer sector manufacturing companies listed on the Indonesian stock exchange for the period 2016-2018. Previous studies have shown different results. Research needs to be done again to examine the effect of the three variables on profit growth by adding company size as a moderating variable. The population of this study is the consumer sector manufacturing companies listed on the Indonesia Stock Exchange for the 2016-2018 period totaling 38 companies. Based on the purposive sampling criteria, there were 15 companies that met the research criteria. This study uses data analysis testing SmartPLS 3 . The results showed that profitability, liquidity and sales levels had no effect on profit growth. Company size as a moderating potential variable on the effect of profitability, liquidity and sales level on profit growth.

Prediksi Kebangkrutan: Dapatkah Kecakapan Manajerial Mampu Mengantisipasi Dampak Pandemi Covid-19?

The COVID-19 pandemic has an impact on society, companies and countries. This causes a decrease in the market’s purchasing power, and brings risk to the businesses’ sustainability. The purposes of this research are to examine whether the impact COVID-19 pandemic had a positive effect on prediction bankruptcy and to examine the effect of historical managerial ability in anticipating pandemic impact toward bankruptcy prediction. This is a quantitative research which uses secondary data, namely financial information and content of information disclosure report of manufacturing companies. The research sample are 67 manufacturing companies. Sample based on purposive sampling with criterias that manufacturing companies are listed on Indonesia Exchange Stock and have complete data on research variables. The measurement of the impact COVID-19 pandemic uses composite score, then bankruptcy prediction uses Altman Z-Score, and managerial ability score uses DEA. This research uses binary logistic regression and moderated regression analyze to test the hypothesis. The research proves that more serious impact COVID-19 pandemic on company is the more predictable the company will go bankrupt. Other results show that historical managerial ability cannot weaken impact COVID-19 pandemic on prediction bankruptcy.
 Keywords: impact COVID-19 pandemic, bankruptcy prediction, managerial ability

Determinasi Return on Asset, Net Profit Margin, dan Total Asset Turnover terhadap Pertumbuhan Laba pada Perusahaan Sektor Pertambangan di Bursa Efek Indonesia

This study aims is to generate the concept of the magnitude of the effect of return on assets, net profit margin and total asset turnover on profit growth and which variables are dominant influence on profit growth in mining sector companies listed on the stock exchange Indonesia. This study uses quantitative methods with the analysis tool used is multiple regression. The population in this study are all mining sector companies listed on the Indonesia Stock Exchange as many as 39 companies and the sample method used is purposive sampling method with criteria that is mining sector companies listed on the Indonesia Stock Exchange, have financial reports for the last five years. The results of this study meyebutkan Return on asset and total assets turnover proved empirically has a significant contribution to profit growth, Net Profit Margin has no effect on profit growth in mining companies listed on the BEI period 2016-2021.

Faktor-Faktor yang Menyebabkan Melemahnya Nilai Tukar Mata Uang Rupiah Terhadap Nilai Tukar Mata Uang Asing

<p><em>This journal was created to analyze the results of research on several factors that made the rupiah exchange rate weaken. Several factors regarding this, such as the inflation rate, money supply, interest rates, and Indonesia's international balance of payments affect the movement of the exchange rate against the US dollar. The method used is the documentary method, which conducts research from reports or other journal data. for the analysis technique using the Error Correction Model (ECM) technique. From the research results, it can be proven that the inflation rate, interest rate and money supply can affect the exchange rate of the rupiah against the US dollar. This is explained about some of the results of the data that the researcher uses, as well as the calculation of the comparison of several factors between the exchange rate of the rupiah and the US dollar. In the short and long term, inflation rates, interest rates, exports and imports also affect the weakening of the exchange rate in Indonesia. So, if you look at some of the existing problems, Bank Indonesia should pay more attention to interest rates and the running of domestic inflation. In addition, the government should improve the quality of domestic products, in order to be able to compete with foreign countries whose products are of good quality.</em></p>