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All Journal Management Science Research Journal Jurnal Ekonomi Lembaga Layanan Pendidikan Tinggi Wilayah I
Hardiyanti, Siti Epa
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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The Profitability Affection on Determinant Factor of Firm Value with Corporate Social Responsibility (CSR) as Moderating Hardiyanti, Siti Epa
Jurnal Ekonomi Lembaga Layanan Pendidikan Tinggi Wilayah I Vol. 3 No. 2 (2023): Article Research November 2023
Publisher : LLDIKTI Wilayah 1 Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54076/juket.v3i2.406

Abstract

The research to analyze the effect of profitability on determination factor of firm value with CSR as moderating variable. The population is all Companies in the Food and Beverage Industry Sub-Sector that are Registered at the IDX for the 2014 - 2021, while the sample is determined by purposive sampling, obtained 35 company. Structural Equation Modeling (SEM) is used to analyze the regression equation model between the data variable. The results of hypothesis testing indicate that firm value can be manifested through optimal management of profitability and Good Corporate Governance (GCG). Profitability can be applied through the size of the company. GCG had direct effect on firm value, while company size had direct affect to profitability. GCG had affect to profitability and a significant direct effect on firm value. CSR as a pure moderator of the effect of profitability on firm value.
THE ANALYSIS FACTORS OF CAPITAL ADEQUACY ON INDONESIA “BUKU-4” BANK CATEGORY Hardiyanti, Siti Epa
Jurnal Ekonomi Lembaga Layanan Pendidikan Tinggi Wilayah I Vol. 4 No. 1 (2024): Articles Research May2024
Publisher : LLDIKTI Wilayah 1 Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54076/juket.v4i1.450

Abstract

In this paper, the researcher contribute to extending the prior literature on the bank BUKU Category by investigating the influence of capital adequacy ratio factors. On the previous studies, the factors of banking capital adequacy ratio can be influenced by several factors such as Non-Performing Loans (NPL), Loan to Deposit Ratio (LDR), Return on Assets (ROA), and Size. In previous research stated that NPL and LDR as partially had a negative effect on the Capital Adequacy Ratio, ROA and Size had a positive effect on the Capital Adequacy Ratio level. In this study, the researchers used seven sample of commercial banks included in the Bank BUKU-4 Category as commercial banks with huge capital category in the 2018-2022 period. As Random Effect Model (REM) chosen to be the estimation model. Our findings provide empirical support on the findings researh of Azizah and Taswan's research, that simultaneously the NPL, LDR, ROA and SIZE have an influence on the capital adequacy ratio level of Commercial Banks which are included in the BUKU-4 bank category. However, partially, the influence of the independent variables on the dependent variable is differences. NPL has an influence on CAR, LDR has a negative influence on CAR, ROA has a positive influence on CAR, and Size has a negative influence on CAR. The implication of this research is that when commercial banks included on the BUKU-4 Bank category, the commercial banks that included on BUKU-4 Bank category are banks that are considered stable with a capital capacity of more than 70 trillion rupiah so that the NPL, LDR and Size levels have no larger effect. Because the huge of commercial banks which is included are whose financial levels are stable so that not has a big impact on the level of capital adequacy in BUKU-4 category commercial banks, the level of profit obtained by these banks. However, it does not rule out the possibility that apart from the variables that have been studied, there are other variables that can have a big influence on the level of capital adequacy other than those mentioned by the researchers in this study
Risk and Return Analysis on Cryptocurrency Investment Hardiyanti, Siti Epa
Jurnal Ekonomi Lembaga Layanan Pendidikan Tinggi Wilayah I Vol. 4 No. 2 (2024): Articles Research November 2024
Publisher : LLDIKTI Wilayah 1 Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54076/juket.v4i2.515

Abstract

The global crypto market has garnered attention from investors due to its high return potential, yet the extreme volatility and associated risks pose significant concerns. This study aims to analyze the risks and returns of cryptocurrency investments using a quantitative approach on global crypto market data. The methods employed include volatility analysis using the GARCH model, as well as risk and return evaluation through CAPM. The results indicate that cryptocurrencies exhibit significantly higher volatility compared to traditional assets, with substantial return potential but accompanied by high risk. These findings imply the need for stricter diversification strategies and risk management for crypto investors to optimize returns and minimize losses.
The ROLE OF MICRO SMALL MEDIUM ENTERPRISES (MSMES) GROWTH ON THE INDONESIAN ECONOMY Hardiyanti, Siti Epa; Wai Si, Hnin
Management Science Research Journal Vol. 1 No. 3 (2022): August 2022
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v1i3.29

Abstract

The purpose of this research is to analyze the role of micro, small and medium scale (MSMEs) growth on Indonesian economy. The data has been taken from the data secunder of Biro Pusat Statistik (BPS) and Kementerian Koperasi dan UKM (Kemenkop UKM). The data analyze using regression analyze to determine the role of micro, small and medium scale (MSMEs) growth on Indonesian economy. The results show that a micro, small and medium scale (MSMEs) growth on Indonesian economy have a role but does not have much impact because there are a lot of a factors which have an impact on Indonesian Economy. This result has an implication that the increasing Indonesia’s economic growth on various factors including the increase the number of MSMEs if the increasing of quality products for MSMEs in Indonesia
The impact of macroeconomic variables and the volatility index (VIX) on the Indonesian Composite Index Winarno, Dwi; Manurung, Adler Haymans; Sembel, Roy; Hardiyanti, Siti Epa
Management Science Research Journal Vol. 2 No. 3 (2023): August 2023
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v2i3.61

Abstract

This study investigates the relationship and influence between variables in the context of the Indonesian Composite Stock Price Index (IHSG). The Vector Error Correction Model (VECM) is estimated using a dataset with a complete sample size of 32 and a final sample size of 27. The results of the study show that the IHSG has a significant influence on its own movement in each period, indicating a self-reinforcing pattern. The VIX index shows a significant negative influence on changes in IHSG in the previous period, indicating the impact of market volatility on the IHSG. On the other hand, variables such as Gross Domestic Product (GDP), Inflation, and Bank Indonesia's Middle Exchange Rate (Middle Rate BI) do not show a significant influence on changes in IHSG in the previous period. Furthermore, the analysis of long-term influence indicates that changes in IHSG in the previous period have a significant negative influence on changes in IHSG in the current period, reflecting a tendency towards long-term equilibrium. The VIX index also shows a significant positive influence on changes in IHSG in the current period, indicating short-term volatility effects. However, GDP, Inflation, and Middle Rate BI do not have a significant influence on changes in IHSG in the current period
The Expertise of Entrepreneur that must have on Increasing the Business Profit Hardiyanti, Siti Epa; Nemat, Masihullah
Management Science Research Journal Vol. 1 No. 4 (2022): November 2022
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v1i4.62

Abstract

This research was conducted to see the effect of qualification an entrepreneur (education level, financial literacy, and gender) on increasing business profits. The population on this study were MSMEs in the Kalongan Village area, totaling 116 MSMEs and the sampling technique used was an observation. The research method using multiple regression analysis to explore the effect of education, gender, and financial literacy on business profits. The results of the analysis found that (1) the level of education has a positive and significant effect on business profits; (2) gender has a positive and significant effect on business profits; (3) Financial literacy has a positive and significant effect on business profits. The implication of the research is Business profits can be determined by several skill qualifications that must be owned by an entrepreneur, including the level of education, gender, and financial literacy knowledge.
INVESMENT DESIRE : THE UTILIZATION TECHNOLOGY CHALLENGES AND THE INDIVIDUAL PERSONAL PERCEPTION Hardiyanti, Siti Epa
Management Science Research Journal Vol. 2 No. 4 (2023): November 2023
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v2i4.85

Abstract

The research aims to test empirically: 1) the effect of perceived usefulness of technology use, perceived ease of use technology and individual perception towards investment desire on the people of Banten. 2) the effect of perceived usefulness of technology use and perceived ease of use technology on individual perception in the people of Banten, 3) the effect of perceived usefulness of technology use and perceived ease of use technology on investment desire in the people of Banten with the individual perception as an intervening variable. The object of research is the millennial generation in the people of Banten Province. In this study, the determination of the sample using the Slovin formula, a number of 123 respondents who have knowledge about investment and utilize technology to search investment information. This study uses Path Analysis techniques and data processing uses SPSS version 26. The results show that the perceived usefulness of technology use have effects on individual perception but does not effect to desire investment of the people of Banten Province. The results of hypothesis testing prove that the perceived ease of use technology does not effect on individual perception and desire investment on the people of Banten Province. The results of hypothesis testing prove that individual perception have an effect on investment desire at the people of Banten Province. The results of hypothesis testing prove that individual attitude can mediate the perceived usefulness of technology use on investment desire, but individual perception are not be able to mediate perceived ease of use technology on investment desire at the people of Banten Province.
Analysis of Interest Rate Policy on Bank Financial Performance Hardiyanti, Siti Epa
Management Science Research Journal Vol. 3 No. 1 (2024): February 2024
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v3i1.103

Abstract

This research aims to analyze the influence of interest rate policy on bank financial performance in developing countries. Through case studies involving a number of large or representative banks in certain developing countries, historical data on interest rate policies and bank financial performance are collected and analyzed. Statistical and econometric methods, including linear regression, are used to evaluate whether changes in interest rate policy have a significant impact on banks' financial performance, including profitability, liquidity and credit growth. In addition, control variables such as bank size, capital structure, and macroeconomic conditions are taken into account in the analysis to ensure the accuracy of the results. This research aims to provide in-depth insight into the effectiveness of interest rate policy in regulating bank financial performance in developing countries and its implications for monetary policy and banking supervision.
Analysis of Volatility and Factors Affecting Cryptocurrency Prices: A Case Study of Bitcoin and Ethereum Hardiyanti, Siti Epa
Management Science Research Journal Vol. 3 No. 2 (2024): May 2024
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v3i2.107

Abstract

The volatility of cryptocurrency prices, particularly Bitcoin and Ethereum, has become a major concern for investors and researchers due to high price fluctuations and influencing factors. This study aims to analyze the volatility and factors affecting the prices of Bitcoin and Ethereum. The methods used include descriptive analysis, ARCH and GARCH models, and linear regression to identify the impact of macroeconomic factors, cryptocurrency-specific factors, regulation, and market sentiment on price volatility. The results show that Ethereum has higher volatility compared to Bitcoin, with inflation, interest rates, and market sentiment being significant factors affecting volatility. Cryptocurrency-specific factors, such as mining costs and technological developments, also play an important role. The implications of these findings emphasize the importance of risk management for investors and the need for supportive regulation to create a stable investment environment. This study makes a significant contribution to understanding the dynamics of cryptocurrency price volatility and provides insights for policymakers and technology developers.
The Impact of Fintech Technology on Traditional Banking Industry Hardiyanti, Siti Epa; Thota, Abraham
Management Science Research Journal Vol. 3 No. 3 (2024): August 2024
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v3i3.118

Abstract

The rapid evolution of fintech technology has significantly disrupted the traditional banking industry, posing both challenges and opportunities for banks. This study aims to analyze the impact of fintech adoption on the operational and financial performance of traditional banks, focusing on key metrics such as profitability, operational efficiency, and risk. Utilizing a quantitative approach with a descriptive and causal research design, the study collects primary data through surveys and secondary data from financial reports of banks and fintech companies. Panel data regression and ANOVA are employed to assess the relationships between fintech adoption and bank performance. The results indicate that fintech adoption positively influences bank profitability and efficiency, while also introducing new risks that require strategic management. These findings highlight the need for traditional banks to adapt swiftly to remain competitive and secure in an increasingly fintech-driven market. The study contributes to the financial literature by providing empirical evidence on the long-term impacts of fintech on the banking sector, offering valuable insights for both academics and industry practitioners.
Co-Authors Adler Haymans Manurung Arthawati, Sri Ndaru Dwi Winarno, Dwi Nemat, Masihullah Roy Sembel Thota, Abraham Wai Si, Hnin