This research is done with the aim to know whether some macroeconomic variables, which are inflation rate, certificate of Bank Indonesia (SBI) rate, and exchange rate of IDR/USD have an impact on the movement of the composite stock price index (IHSG) at the Indonesia stock exchange (BEI) partially and simultaneously in the period of 2006–2014. The research population is inflation rate, SBI rate, and exchange rate of IDR/USD. Data analysis in this research is multiple regression by using time series monthly data of 2006–2014. Research results show that partially inflation rate gives positive significant impact on IHSG, SBI rate has negative significant impact on IHSG, and exchange rate of IDR/USD has positive significant impact on IHSG. Simultaneously it shows that inflation, SBI rate, and exchange rate of IDR/USD have an impact on IHSG at BEI to the period of year 2006 – 2014. Those variables affect IHSG by 58,74%, while other variables affect IHSG by 41,26%. That information can be used by investors to make decision on their investment.Keywords: inflation, SBI, exchange rate, IHSG, BEI.
Profit of a company is used by creditor and investor to evaluate the performance of the management, estimate earnings power, and to predict future profit. Earning qualityis measured from the accrual. A company with high accrual is indicating that the quality of company profit is low, and vice versa. According to Chan,et al. (2001) profit quality in the financial report will increase company value which is reflected in the stock return. Purpose of the this research is to understand the impact of variable ofinstitutional shareholding, board size, board independence, investment opportunity set, firm size, and leverageto theearnings quality. This research is using manufacturing industry that listed in the Indonesian stock exchange during the period of 2013-2016,sample is taken using purposive samplin technique.Based on analysis result and research is done using double linear regression with the eviews 9.0 software, we can conclude that there is a significant positive influence between institutional shareholding, board size, board independence, investment opportunity set, firm size, and leverageto the earnings quality. While leverage has insignificant influence to the earnings qualitymeasured with Discretionary Accruals (DACCR).Key Words: institutional shareholding, board size, board independence, investment opportunity set, firm size, leverage, earnings quality Abstrak: Laba digunakan kreditur dan investor untuk mengevaluasi kinerja manajemen, memperkirakan earnings power, dan untuk memprediksi laba di masa yang akan datang. Kualitas laba (earning quality) diukur dengan akrual. Perusahaan dengan akrual yang tinggi menunjukkan laba perusahaan berkualitas rendah, demikian juga sebaliknya. Menurut Chan,et al. (2001)
The Covid-19 Pandemic has been greatly affecting micro, small, and medium businesses, especially since the government issued the regulation on large-scale social distancing in order to reduce the spread of Corona virus. This community-engagement service activity aimed to socialize the digital marketing to market the products related to the Industrial Revolution 4.0 era and the existence of Covid-19 Pandemic. Limun Sari Buah is a type of medium-scale business established in 1970 producing lemonade drinks which are sold per crate consisting of 600 ml bottles. Currently, the sale of Limun Sari Buah is decreased due to the people’s activities reduction due to the pandemic and the lack of available flavor variants. The team of Community-Engagement Services attempts to provide a solution to Limun Sari Buah in the field of marketing according to the Industrial Revolution 4.0 era and diversifying the lemonade-drink product variants. The efforts done by the team of UNTAR Community-Engagement Services was by providing a training on marketing 4.0 entitled: The Strategy and Implementation of Digital Marketing in 4.0 Era through a webinar. The target of this community-engagement service activity for the business-owner and marketers is being able to market the products digitally by utilizing the internet media. After participating in the Marketing 4.0 Training, partners can use the internet media to market their products through Instagram. According to the result of a survey among 105 respondents in the age between 20-50 years old, the team of community-engagement services provide a solution to Limun Sari Buah to add new variants of the lemonade-drink product such as ginger-extract and milk-coffee. The output of this community-engagement service activity is disseminated in a National Seminar and Opini Untar.ABSTRAK:Pandemi Covid-19 berdampak besar pada usaha bisnis berskala mikro, kecil, dan menengah terutama sejak pemerintah mengeluarkan peraturan mengenai Pembatasan Sosial Berskala Besar dalam rangka mengurangi penyebaran virus Corona. Tujuan kegiatan abdimas ini adalah mensosialisasikan digital marketing untuk memasarkan produk sehubungan dengan era Revolusi Industri 4.0 dan terjadinya wabah pandemi Covid-19. Limun Sari Buah merupakan usaha bisnis berskala menengah, didirikan tahun 1970 dengan produk yang dihasilkan berupa limun dan dijual secara konvensional per krat dengan ukuran 600 ml per botol. Saat ini penjualan Limun Sari Buah berkurang karena berkurangnya aktivitas masyarakat keluar rumah akibat pandemi dan kurangnya varian rasa yang tersedia. Tim Abdimas berupaya memberikan solusi kepada Limun Sari Buah di bidang pemasaran sesuai era Revolusi Industri 4.0 dan di bidang diversifikasi varian produk minuman limun. Upaya yang dilakukan Tim Abdimas UNTAR adalah memberikan pelatihan pemasaran 4.0 dengan topik Strategi dan Implementasi Digital Marketing di Era 4.0 melalui webinar. Target kegiatan abdimas adalah pemilik dan tenaga pemasar mampu memasarkan produknya secara digital dengan pemanfaatan media internet. Setelah mengikuti pelatihan pemasaran 4.0, mitra dapat memanfaatkan media internet untuk memasarkan produknya melalui instagram. Berdasarkan hasil survei varian rasa tertinggi dari 105 responden yang berusia 20-50 tahun, Tim Abdimas memberikan solusi kepada Limun Sari Buah untuk menambah varian produk minuman limun, seperti sari jahe dan kopi susu. Luaran kegiatan abdimas ini dipublikasikan dalam Seminar Nasional dan Opini Untar.
This research attempts to place the ownership structure, which includes managerial ownership, institutional ownership, foreign ownership, and concentration ownership as determinants to predict value of the firm. Managerial ownership will be identified and analyzed on its possibility to form the inverse U-shape relationship pattern, therefore the test on parabolic effect between managerial ownership using Tobin’s Q can be conducted. Meanwhile, such test cannot be conducted to the other three independent variables. This test was applied to non-financial firms whose shares were listed on Indonesia Stock Exchange (IDX) during 2000-2017. The result of panel data regression test concludes that managerial ownership can predict value of the firm, while it is not for institutional ownership and foreign ownership.
In running business, the owners of Micro, Small, and Medium Enterprises (MSME) have main weaknesses, in which they do not conduct good accounting system or financial records, thus creating difficulties in developing analysis for future business planning. Most of MSME owners run their business by relying on instincts, while business analysis and accounting system are necessary when they apply for bank loan.The aim of this study is to reveal some variables of MSME that become the determinants of their bank loans approval. These variables are: Business Age since Establishment, Total Assets Turnover, Owner’s Total Assets, Credit Duration, Owner’s Education Level, Good Relationship with the Bank, Collateral Amount, and Loan Repayment Criteria. The samples of this study were taken from entrepreneurs selling clothes and apparels in Tanah Abang by conducting direct interview and fulfilling the questionnaire. The questionnaire consists of three major parts, which are business owner’s profile, credit analysis, and evaluation on simple financial report. This study uses logistic regression method, in which there is only one dependant variable with dummy 1-0 (Bank Loan Approval, granted = 1 and rejected = 0) along with eight independent variables.This study concludes that Business Age since Establishment, Total Assets Turnover, Owner’s Education Level, Collateral Amount, and Loan Repayment Criteria, have positive and significant effects on Bank Loan Approval. Meanwhile, Owner’s Total Assets, Credit Duration, and Good Relationship with the Bank do not affect Bank Loan Approval significantly.Keywords: MSME, bank loan approval, logistic regression
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