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DAMPAK TATA KELOLA PERUSAHAAN TERHADAP PROFITABILITAS DAN NILAI PERUSAHAAN: ANALISIS SIMULASI KEBIJAKAN Assrianti; Bonar M. Sinaga; Bayu Bandono
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 7 No. 2 (2021): JABM Vol. 7 No. 2, Mei 2021
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.7.2.465

Abstract

The concept of good corporate governance (GCG) has not been fully implemented by most business actors which is reflected in the assessment results of the ASEAN Corporate Governance Scorecard. The study aims to analyze the impact of external and internal factors including the implementation of GCG on the profitability and firm value in the LQ45 index of the Indonesia Stock Exchange. The econometric model is built as a system of simultaneous equations and estimated by using the Two-Stage Least Squares (2SLS) method and the impact simulation analysis policy. The result shows impact of decrease in gross domestic product is greater than increase in inflation. Furthermore if the decrease in gross domestic product or the increase in inflation that is resolved by company policies by improving corporate governance, making efficiency by reducing operational costs, and increasing total assets, have greater impact than the company resolved by improving corporate governance and making efficiency by reducing the cost of goods sold. Keywords: econometric model, external and internal factors, firm value, good corporate governance, profitability
ANALISIS PENGARUH FAKTOR MAKROEKONOMI TERHADAP KINERJA REKSA DANA TERPROTEKSI DALAM MASA PANDEMI COVID-19 Amadeus Sanda Layuk; Noer Azam Achsani; Bayu Bandono
Eqien - Jurnal Ekonomi dan Bisnis Vol 11 No 1 (2022): EQIEN- JURNAL EKONOMI DAN BISNIS
Publisher : Sekolah Tinggi Ilmu Ekonomi Dr Kh Ez Mutaqien

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (206.324 KB) | DOI: 10.34308/eqien.v11i1.842

Abstract

Investment and the capital market are inseparable and have a strong influence on the economy both individually, in the business world, and nationally. One of the types of mutual funds in Indonesia that is in great demand by investors is Capital Protected Funds. This study aims to know the performance of Capital Protected Funds compared to market and other mutual funds in the 2016-2021 period. Then to analyze the influence of macroeconomic factors on the performance of Capital Protected Funds before and during the COVID-19 pandemic. The analysis used to process the data in this study was quantitative analysis using descriptive and multiple linear regression analysis. The result of this study is the performance of Capital Protected Fund in the period before the COVID-19 pandemic with Sharpe value of 0.669 was better for market performance and for money market and equity fund. However, during the COVID-19 pandemic the performance of Capital Protected Fund was decreased. Macroeconomic factors that showed a significant influence on the performance of Capital Protected Fund during the COVID-19 pandemic are the IHSG, Bank Indonesia interest rates, and the money supply.