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GLOBAL INTEREST RATE DYNAMICS AND THEIR IMPLICATIONS FOR THE COST OF CAPITAL: A SYSTEMATIC LITERATURE REVIEW COMPARING DEVELOPED AND DEVELOPING COUNTRIES Muhammad Iqbal Harahap; Ahmad Kodri Fauzi Hasibuan; Khaira Amalia Fachrudin
International Journal of Social Science, Educational, Economics, Agriculture Research and Technology (IJSET) Vol. 5 No. 7 (2026): JUNE
Publisher : RADJA PUBLIKA

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Abstract

This study aims to analyze the dynamics of global interest rates and their impact on the cost of capital. Using the Systematic Literature Review (SLR) method, this study identifies, evaluates, and synthesizes scientific literature published between 2020 and 2025, and integrates macroeconomic data from the Trading Economics database. The analysis shows that the global Weighted Average Cost of Capital (WACC) has experienced a significant increase, from an average of 7.00% in 2020 to 8.00% in 2024, driven by increases in the risk-free interest rate and market risk premium. The findings of this study reveal asymmetric heterogeneity in impacts: interest rates in developed countries are more influenced by global and regional factors (above 50%), while in developing countries, domestic factors still dominate (77.9%), although vulnerability to fiscal spillovers from the United States remains high. In addition, high interest rates are found to hinder investment in strategic sectors, particularly capital-intensive renewable energy projects. This study concludes that companies need to adopt artificial intelligence (AI)-based financial management systems for real-time monitoring of capital costs and strengthening ESG performance to mitigate funding risks amid global market volatility.
THE EFFECT OF GENDER DIVERSITY, PROFITABILITY, LEVERAGE, AND FIRM SIZE ON RISK-TAKING IN BANKING SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE DURING THE 2019–2023 PERIOD Ahmad Kodri Fauzi Hasibuan; Rizqi Husnul Khoiri; Andy Mulia; Siti Nurrahmawati; Novitasari Hasyim; Suci Indah Syafitri
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 6 No. 3 (2026): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20749982

Abstract

This study aims to determine the influence of Gender Diversity, Profitability, Leverage, and Firm Size on Risk-Taking in banking sector companies listed on the Indonesia Stock Exchange from 2019 - 2023. This research is associative, and the type of data used is secondary data obtained from financial statements and annual reports of companies published on the Indonesia Stock Exchange website (www.idx.co.id) and the respective companies' websites. The population of this study includes all banking sector companies listed on the Indonesia Stock Exchange from 2019 - 2023, totaling 39 companies. Based on predetermined criteria, the number of companies meeting the sample criteria is 27. The data analysis technique used is multiple linear regression analysis of panel data with a Fixed Effect Model approach. The results of the study indicate that Gender Diversity has a positive and significant effect on Risk-Taking, Profitability has a positive and insignificant effect on Risk Taking, Leverage has a positive and significant effect on Risk Taking, and Firm Size has a negative and significant effect on Risk-Taking.
THE INFLUENCE OF NON-FINANCIAL COMPENSATION ON TURNOVER INTENTION OF GENERATION Z EMPLOYEES IN THE FOOD & BEVERAGES INDUSTRY WITH JOB SATISFACTION AS A MEDIATING VARIABLE Suci Indah Syafitri; Rahdini Rizki Saragih; Naomi Karina Hutagalung; Siti Nurrahmawati Novitasari Hasyim; Ahmad Kodri Fauzi Hasibuan
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 6 No. 5 (2026): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

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Abstract

The high rate of employee turnover in the Food & Beverages industry has become a major challenge for companies in retaining human resources, particularly Generation Z employees who possess distinct work characteristics and expectations compared to previous generations. This study aims to analyze the effect of non-financial compensation on turnover intention among Generation Z employees in the Food & Beverages industry in East Medan District, with job satisfaction serving as a mediating variable. This research employed a quantitative approach using an accidental sampling technique. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with the assistance of SmartPLS 4 software. The results indicate that non-financial compensation has a negative and significant effect on turnover intention and a positive and significant effect on job satisfaction. Furthermore, job satisfaction has a negative and significant effect on turnover intention. The findings also reveal that job satisfaction mediates the relationship between non-financial compensation and turnover intention. These results suggest that providing adequate non-financial compensation, such as recognition, career development opportunities, supportive work environments, and positive workplace relationships, can enhance job satisfaction and reduce Generation Z employees' intention to leave the organization. The study contributes to the human resource management literature and provides practical implications for companies in developing effective employee retention strategies for Generation Z workers.
Sustainable Tourism Management Through Community Ecotourism in Tangkahan North Sumatra Putri Mentari; Ahmad Kodri Fauzi Hasibuan
Outline Journal of Economic Studies Vol. 5 No. 1: October - March 2026
Publisher : Outline Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61730/p5r3vq35

Abstract

This study examined how local community participation influenced the sustainability of ecotourism in Tangkahan, North Sumatra. The purpose of the research was to determine whether stronger involvement of residents could improve environmental protection, social well-being, and economic stability within the destination. A quantitative explanatory design was used to analyze the relationship between community participation and ecotourism sustainability. Data were gathered through structured questionnaires completed by one hundred respondents who were directly engaged in tourism activities, including residents, managers, and visitors. The analysis applied structural equation modeling to assess measurement accuracy and evaluate the strength of the relationship between the variables. The findings showed that community participation had a positive and statistically significant effect on the sustainability of ecotourism. The path coefficient reached 0.542 with a t-value of 7.587 and a probability value below 0.001. The model explained 29.4 percent of the variation in sustainability and demonstrated a strong predictive value, shown by a Q-square score of 0.566 and a large effect size of 0.416. These results indicated that higher levels of involvement from local residents contributed meaningfully to ecological preservation, improved community welfare, and long-term economic benefits. The study concluded that active engagement from the community served as a key factor in strengthening sustainable tourism management in Tangkahan. Encouraging local participation could support conservation efforts and reinforce future development strategies.