The purpose of this study is to examine the effect of agency costs on company hedging policies. This study use the concept of hedging policies derived from synchronizing foreign exchange derivatives based on agency theory and hedging with foreign exchange debt based on balancing theory. The novelty of this research is the application of the synthesis of agency theory and balancing theory as indicators of hedging policies. The hedging policy based on foreign exchange derivatives is synchronized with the hedging policy based on foreign debt. The population was companies listed on the Indonesia Stock Exchange (IDX) in 2012-2017. Using the purposive sampling method, 78 companies for each year from 2012 - 2017 were obtained with a total of 468 data. This research used a panel data regression method. The hypotheses were tested with the Hausman Test, which shows the best research model is the Fixed Effect Model. The results of the study concluded that financial distress and underinvestment had a significant positive effect on hedging policies, while business risk did not affect hedging policies because most companies had relatively low foreign sales. The findings of this study have theoretical implications that support agency and balancing theory.
The purpose of this study is to analyze the influence of investment motivation and financial literacy on investment interest in the capital market. The population used in this study were investor and potential investors at the Investor Gathering event, then sample was selected using purposive sampling technique. Multiple linear regression method was applied. The findings stated that investment motivation and financial literacy either partially or simultaneously have a significant positive effect on investment interest in the Indonesian capital market. The implication is that stakeholders must increase their efforts to generate investment motivation and grow the financial literacy index of investors so that they are increasingly interested in investing in the capital market. This study has limitations because it only uses internal variables from the investor's perspective, further studies may add external variables which are also determinants of interest in investing.
The purpose of this study is to empirically analyze the performance of liquidity, leverage, profitability, and activities of firms on the Indonesia Stock Exchange during the Covid-19 pandemic based on a quantitative approach. This study uses secondary data from financial reports of firms listed on the Indonesia Stock Exchange that are included in the LQ45 index, which represents the movement of the capital market based on specific criteria. The results reveal that the Covid-19 pandemic has hurt the Indonesian firm’s financial performance. The worst condition has increased the leverage ratio, and the profitability and activity ratio declined, as experienced in several emerging countries. The findings of this research can be a bunch of information for investors in making decisions that these financial ratios are sensitive to economic volatility. In addition, this finding also adds insight to the company's management, especially LQ45 companies, that the company is expected to be able to maintain its financial fundamentals of these ratios. Further research needs to be carried out on how the effects of the Covid-19 pandemic influence financial performance according to the sector type of the firm and conducted in more time series periods.
Penelitian ini dilatarbelakangi oleh semakin meningkatnya pengguna internet yang dimanfaatkan sebagai media promosi oleh online travel agent. Penelitian ini akan menganalisis pengaruh electronic word of mouth terhadap minat beli reservasi hotel via aplikasi Traveloka, baik dari sudut intensity, valence of opinion, maupun content. Dalam penelitian ini peneliti menggunakan metode kuantitatif. Pengumpulan data penelitian ini dengan cara menyebar kuesioner melalui google form yang didistribusikan kepada masyarakat yang sudah pernah melakukan reservasi hotel melalui aplikasi Traveloka. Metode analisis data yang digunakan adalah Regresi Linear Berganda. Hasil penelitian menunjukkan bahwa secara parsial variabel intensity dan content berpengaruh positif signifikan terhadap minat beli reservasi hotel, namun secara simultan ketiga variabel berpengaruh positif signifikan terhadap minat beli reservasi hotel.
Kampung Makan Rafel's is a food court with the capacity of seven tenants in West Jakarta. The position of Kampung Makan Rafel's is strategic and surrounded by a number of offices and residential areas. The culinary offered is quite diverse, prices are within a reasonable range, but visitors who come are relatively limited. This causes tenants to experience financial distress due to low cash turnover. This phenomenon has triggered the existence of third parties offering lucrative online funding and investment offers. In an effort to overcome these problems, this Community Service program is aimed at increasing understanding of financial literacy for tenants and managers of Kampung Makan Rafel's. The education in the Community Service program has succeeded in increasing the financial literacy of tenants and managers of the Kampung Makan Rafel's. In addition, they are also willing to implement a simple cash flow recording. Thus, it is hoped that their business will survive continuously and grow.
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