Return is one of the main motivations for investing, the higher the expected return investors will receive, the more they will attract investors. This study analyzes and empirically proves the effect of the COVID 19 outbreak on the Indonesian stock exchange. This study uses daily data from the Covid-19 case, data on the capitalization of the Indonesian stock exchange during the outbreak from March 2 to July 15, 2020, with various Indonesian government policies that began lockdown, regional quarantine and new normal. Panel data regression is used to analyze and empirically prove the impact of Covid 19 on stock returns. The results showed that the daily growth of total confirmed positive cases, the total death cases of Covid 19 had a negative impact on stock returns in the Indonesian stock exchange even though the growth rate of patients who recovered was quite high. In addition, government policies in the form of lockdown of quarantine areas and new normal are not able to strengthen the Jakarta Composite Indeks (JCI), this is because the policy is not able to suppress the number of positive confirmations, but continues to increase. This research contributes to the government making a policy to reduce the number of confirmed cases to be able to strengthen the JCI, and investors can see aspects other than the expected return currently received.
Poverty in developing countries including Indonesia still an unresolved phenomenon. The distribution of assistance through productive zakat is believed to be one of the solutions in alleviating poverty by giving zakat which used for working capital of small and medium-sized businesses. This study examined the role of productive zakat given to SMEs in the city of Semarang through the Badan Amil Zakat Nasional (BAZNAS) Semarang. The result showed that productive zakat had significant positive effect on business development of SMEs. The value of R-squared generated 0.767 that mean variable dependent can be explained by four independent as much 76% and the 24% with other variable outside research.keywords : Productive zakat, BAZNAS, SMEs
The COVID-19 pandemic has significantly impacted the Indonesian economy, as indicated by the capital market's high volatility due to the business environment. The pandemic has caused companies to adjust their business activities which has an impact on decreasing productivity so that companies have the potential to go bankrupt. This study aims to predict the financial distress faced by mining companies by using predictors of good corporate governance mechanisms, operating cash flow, and leverage. The population of this study is mining companies listed on the Indonesia Stock Exchange in 2020 and 2021, with a purposive sampling type. The unit of analysis that we use is 91 annual reports with 140 financial companies. Analysis of the data used is multiple linear regression by testing the relationship between variables. Good corporate governance mechanisms that the company appropriately implements will prevent the company from financial difficulties because it acts as a controller. Operating cash flow and leverage can be good predictors of potential financial distress. Low operational cash flow and high leverage are early signals that the company is experiencing financial problems that will potentially go bankrupt in the long term.
This study aims to analyze and find empirical evidence that the Covid 19 pandemic will affect the quality of financial reports and what factors affect the quality of government financial reports. The variables used in this study are competence, compliance with government accounting standards, external pressures, environmental uncertainty, internal control systems, and the quality of financial reports. The population of this study was accounting or finance staff who served in 48 SKPDs in the Central Java Provincial Government. The sampling technique used was simple random sampling, this sampling technique was chosen because the study population was homogeneous. Analysis of research data using the WarpPLS 7.0 application as well as used for hypothesis testing. The results show that competence, compliance with government accounting standards has a positive effect on the quality of financial reports, while external pressure has no effect and environmental uncertainty has a negative effect on the quality of financial reports. Internal control is able to strengthen the relationship between competency variables and compliance variables with the quality of financial reports and weaken the relationship between internal pressure variables and environmental uncertainty variables on the quality of local government financial reports. The implication of this research is that the quality of financial reports can be achieved when the work structure has good competence, complies with government accounting standards, is able to anticipate uncertainty and applies internal controls properly.
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