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Pengaruh Return on Asset dan Debt to Equity Ratio terhadap Dividend Payout Ratio PT Indocement Tunggal Prakarsa Tbk Periode 2012 - 2021 Yasmin Afiah; Rachmawaty Rachmawaty
Jurnal Ilmiah Swara MaNajemen (Swara Mahasiswa Manajemen) Vol 3, No 3 (2023): Jurnal Ilmiah Swara MaNajemen (Swara Mahasiswa Manajemen)
Publisher : Program Studi Manajemen Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/jism.v3i3.33276

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh Return On Asset (ROA) dan Debt to Equity Ratio (DER) secara parsial dan simultan terhadap Dividend Payout Ratio (DPR) pada PT Indocement Tunggal Prakarsa Tbk Periode Tahun 2012-2021. Metode penelitian yang digunakan adalah metode penelitian kuantitatif. Metode analisis yang digunakan adalah uji asumsi klasik, koefisien determinasi, analisis regresi linear berganda dan uji hipotesis menggunakan SPSS versi 25. Hasil uji regresi berganda menunjukkan bahwa secara parsial (uji t) ROA berpengaruh signifikan terhadap DPR, sedangkan DER tidak berpengaruh signifikan terhadap DPR. Secara simultan (Uji F), ROA (X1) dan DER (X2) secara bersama-sama berpengaruh signifikan terhadap DPR. Model regresi berganda adalah Y = 312,520 – 10,428(X1) – 4,551(X2)
Are Monetary and Fiscal Policies Effective in Controlling Budget Deficits? Rachmawaty, Rachmawaty; Suteja, Jaja; Hermawan, Atang
Indonesian Treasury Review: Jurnal Perbendaharaan, Keuangan Negara dan Kebijakan Publik Vol. 9 No. 4 (2024): Indonesian Treasury Review: Jurnal Perbendaharaan, Keuangan Negara dan Kebijaka
Publisher : Direktorat Jenderal Perbendaharaan, Kementerian Keuangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33105/itrev.v9i4.1059

Abstract

The state budget's countercyclical policy and government revenue imbalance to support government expenses caused Indonesia to experience a budget deficit for years. Understanding the correlation between monetary and fiscal policies helps policy makers formulate effective strategies to control and manage budget deficits. The research’s novelty is the complexity variable, which consists of three variable classifications. The first is monetary policy ( interest rates and money supply), the second is fiscal policy (government revenue and expenses), and the third is macroeconomic variables: economic growth, inflation, and exchange rate. All data is processed using the VAR/VECM in EVIEWS 9. The finding is that fiscal policy consists of controlling revenue and expenses, giving 37.6% contribution; monetary policy consists of the number of broad money and BI Rate give 7.6% contribution; macroeconomic factor consists of exchange rate, inflation and economic growth, giving contribution 41.6% while the effect of budget deficit itself has contribution 13.2%. The result of Granger Causality show that government revenue, economic growth and BI rate has a causality impact to budget deficit. Controlling those three variables will directly impact the budget deficit.
Impact Analysis Of Monetary And Fiscal Policies On Indonesia’s Economic Growth Rachmawaty Rachmawaty; Bulan Oktrima; Waluyo Jati
Jurnal Manajemen Vol. 28 No. 1 (2024): February 2024
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jm.v28i1.1518

Abstract

After the Covid-19 pandemic, the world faced economic challenges stagflation, namely high inflation and declining economic growth. To overcome this, the Government made arrangements through monetary and fiscal policies. This study analyses the effect of monetary and fiscal policies on Indonesia's economic growth. This research has eight obtained monetary, fiscal and other macro-economic variables, a novelty compared to the previous researcher. Based on the impulse response analysis in the Vector Error Correction Model, the highest impacted variables to maintain economic growth were the growth of income tax and capital market index, and to negatively impact were exchange money and government expenditure. Over an extended period, it shows that the increase in inflation, money exchange, number of broad-money, interest rate, and government expenditure will impact the decrease of economic growth. In contrast, the increase in government income from tax and capital market indexes will impact the increase in economic growth.
ANALYSIS OF FACTORS AFFECTING ECONOMIC GROWTH IN INDONESIA FOR THE PERIOD 2013-2023 Sutiman Sutiman; Dinda Thalia; Rachmawaty Rachmawaty
International Journal Management and Economic Vol. 4 No. 1 (2025): January: International Journal Management and Economic
Publisher : Asosiasi Dosen Muda Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56127/ijme.v4i1.1869

Abstract

This study aims to analyze the impact of exchange rates and inflation on Indonesia's economic growth from 2013 to 2023. Using a quantitative method, the research examines secondary data obtained from Bank Indonesia and the Central Statistics Agency (BPS). The dependent variable is economic growth, while the independent variables are exchange rates and inflation. Data analysis was conducted using classical assumption tests, multiple linear regression, and hypothesis testing through t-tests and F-tests. The findings reveal that exchange rates significantly affect economic growth, with a positive regression coefficient. This indicates that higher exchange rates contribute positively to economic growth by enhancing export competitiveness and influencing domestic economic activities. Conversely, inflation does not significantly impact economic growth, suggesting limited effects of inflation during the analyzed period. Simultaneously, exchange rates and inflation explain 83.5% of the variance in economic growth, demonstrating their combined influence. The study concludes that exchange rates are a crucial determinant of economic growth, while inflation requires further investigation for a comprehensive understanding. Policymakers should focus on maintaining stable exchange rates and controlling inflation to ensure sustainable economic development