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Journal : Journal of Artificial Intelligence and Digital Business

Trade Openness and Unemployment: A Panel Cointegration for the G20 Countries Zahrah, Zahrah; Hendri, Wira; Febriana, Widia
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 2 (2025): Mei - Juli
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i2.929

Abstract

In 1999, G20 was formed to provide a new mechanism for extending the key economic and financial policy issue and promote co-operation for gaining stable and sustainable world economic growth. The world trading system creates a new founded trade and investment working group which impact on the high productions due to the trade openness through the high job opportunities. However, there is different effects founded between trade openness and unemployment among G20 countries. A notable research gap in this study is the absence of congruence between the results of previous studies and the phenomena observed in the field, particularly in the context of a more extensive population sample, specifically the G20 countries. It urges a further examination trade openness and unemployment in order to gain a comprehensive understanding of the current state of affairs. It used the data spanning over 25 years (1999 – 2023) in G20 Countries for unemployment, trade openness, GDP, Government Expenditure in Education, Trade and Investment Freedom. The analysis of model used Panel Unit Root Test, Panel Cointegration Test as well as FMOLS and DOLS estimator. The result shows that all variables are cointegrated for the entire G20 countries in long-run relationship. However, the GDP has significant and negative effect on unemployment rate but GEE has positive relationship even it has significant effect towards unemployment rate. While trade and investment freedom have negative and unsignificant effect on unemployment rate, whereas the trade openness has a positive nexus with unemployment rate.
Pengaruh Inflasi, Institutional Ownership dan Managerial Ownership Terhadap Financial Performance pada Perusahaan Sektor Rokok yang Terdaftar di Bei Azmi, M. Rafif; Zahrah, Zahrah; Nirwana, Baiq Nadia; Hendri, Wira; Marswandi, Ega Dwi Putri
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 3 (2025): Agustus - October
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i3.2130

Abstract

The cigarette industry is undergoing rapid change and contributes significantly to Indonesia's national income through excise taxes. However, the cigarette industry faces challenges from the macroeconomy and pressure from the government, such as regulatory pressure, health policies, tightening regulations on cigarettes, and annual increases in excise taxes, which put pressure on the cigarette industry in Indonesia. The purpose of this study is to examine and analyze the partial effects of inflation, institutional ownership, and managerial ownership on the financial performance of tobacco companies listed on the Indonesia Stock Exchange (IDX). Additionally, the study aims to examine and analyze the simultaneous effects of inflation, institutional ownership, and managerial ownership on the financial performance of tobacco companies listed on the IDX. The type of research used is associative causal with a quantitative approach, and the analysis technique used is panel data involving four tobacco companies over an eight-year observation period from 2017 to 2024. The sample data was processed using E-Views 12, totaling 32 samples. The results show that inflation has no partial effect on financial performance. Meanwhile, institutional ownership and managerial ownership have a partial positive effect on financial performance. Simultaneous testing shows that the three independent variables in this study have a simultaneous effect on financial performance.
Pengaruh Inflasi, Suku Bunga dan Nilai Tukar Rupiah Terhadap Harga Saham pada Industri Ritel Putri, Tita; Talidobel, Susilo; Zahrah, Zahrah; Assa’ady, M Chotibul Umam
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 3 (2025): Agustus - October
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i3.2226

Abstract

Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh inflasi, suku bunga, dan nilai tukar rupiah terhadap harga saham pada sektor ritel yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2019-2024. Penelitian ini menggunakan pendekatan kuantitatif dengan metode regresi data panel. Sampel penelitian terdiri dari 22 perusahaan subsektor ritel yang dipilih menggunakan teknik purposive sampling berdasarkan kriteria tertentu. Data yang digunakan merupakan data sekunder yang diperoleh dari laporan keuangan, yahoo finance, publikasi otoritas keuangan, dan data pasar saham. Hasil penelitian menunjukkan bahwa inflasi berpengaruh negatif terhadap harga saham, suku bunga berpengaruh positif dan signifikan terhadap harga saham dan nilai tukar rupiah berpengaruh negatif dan signifikan terhadap harga saham. Secara simultan, ketiga variabel makroekonomi tersebut berpengaruh signifikan terhadap harga saham. Temuan ini menunjukkan bahwa kondisi makroekonomi memiliki peran penting dalam menentukan kinerja saham di sektor ritel. Penelitian ini memberikan implikasi bagi investor, pelaku usaha, dan pembuat kebijakan untuk mempertimbangkan faktor-faktor makroekonomi dalam pengambilan keputusan investasi.