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All Journal MANAJEMEN HUTAN TROPIKA Journal of Tropical Forest Management JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN Sodality: Jurnal Sosiologi Pedesaan MEDIA KONSERVASI MANAJEMEN IKM: Jurnal Manajemen Pengembangan Industri Kecil Menengah Jurnal Manajemen dan Agribisnis Forum Pasca Sarjana Jurnal Ekonomi Pembangunan Signifikan : Jurnal Ilmu Ekonomi ETIKONOMI JURNAL ECONOMIA SOCA: Jurnal Sosial Ekonomi Pertanian Jurnal Ekonomi Sosiohumaniora Jurnal Manajemen Teknologi JURNAL SAINS DAN TEKNOLOGI INDONESIA Jurnal Indo-Islamika Jurnal Keuangan dan Perbankan JDM (Jurnal Dinamika Manajemen) JEJAK Jurnal Penelitian Hutan dan Konservasi Alam Jurnal Penelitian Hasil Hutan Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Indonesian Journal of Agricultural Science Jurnal Agro Ekonomi Analisis Kebijakan Pertanian JAM : Jurnal Aplikasi Manajemen Indonesian Journal of Business and Entrepreneurship (IJBE) Jurnal Agribisnis Indonesia (Journal of Indonesian Agribusiness) Journal of S&T Policy and R&D Management AGRISE Jurnal Pengelolaan Sumberdaya Alam dan Lingkungan (Journal of Natural Resources and Environmental Management) Jurnal Aplikasi Bisnis dan Manajemen (JABM) E-Journal Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Jurnal Wilayah dan Lingkungan Jurnal Tataloka MIX : Jurnal Ilmiah Manajemen Jurnal Ekonomi & Kebijakan Publik Jurnal Penelitian Karet FIKRI : Jurnal Kajian Agama, Sosial dan Budaya Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT MAJALAH ILMIAH GLOBE Jurnal Penelitian Pendidikan IPA (JPPIPA) Journal of Environment and Sustainability Informatika Pertanian International Journal of Islamic Economics and Finance (IJIEF) JEPA (Jurnal Ekonomi Pertanian dan Agribisnis) JURNAL AKUNTANSI, EKONOMI dan MANAJEMEN BISNIS Jurnal Manajemen Pembangunan Daerah Journal of Regional and Rural Development Planning Al-Muzara'ah Jurnal Organisasi Dan Manajemen Buletin Ilmiah Litbang Perdagangan JURNAL MANAJEMEN INDUSTRI DAN LOGISTIK Indonesian Journal of Socio Economics Astonjadro International Journal of Social Science and Business BHUMI: Jurnal Agraria dan Pertanahan Aptisi Transactions on Technopreneurship (ATT) Economics and Finance in Indonesia Amwaluna Jurnal Ekonomi dan Keuangan Syariah Akurasi : Jurnal Studi Akuntansi dan Keuangan Agro Bali: Agricultural Journal Jurnal Ilmiah Edunomika (JIE) Al-Kharaj: Journal of Islamic Economic and Business International Journal of Economics Development Research (IJEDR) Jurnal Manajemen Jurnal Ilmiah Akuntansi Kesatuan Jurnal Aisyah : Jurnal Ilmu Kesehatan Jurnal Penelitian Hasil Hutan Jurnal Agro Ekonomi Analisis Kebijakan Pertanian Jurnal Ekonomi Indonesia Business Review and Case Studies BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Jurnal Ketenagakerjaan Multidiciplinary Output Research for Actual and International Issue (Morfai Journal) Transekonomika : Akuntansi, Bisnis dan Keuangan International Journal of Science and Society (IJSOC) Jurnal Locus Penelitian dan Pengabdian Jurnal Desain Komunikasi Visual Nirmana Jurnal Bisnis dan Kewirausahaan International Journal of Integrative Sciences Eduvest - Journal of Universal Studies Journal of Livestock and Animal Health (JLAH) Jurnal AGRISEP: Kajian Masalah Sosial Ekonomi Pertanian dan Agribisnis Jurnal Ekonomi dan Pembangunan Indonesia Jurnal Penelitian Pendidikan Indonesia Policy Brief Pertanian, Kelautan, dan Biosains Tropika IJAE Dinamika Pertanian Asian Journal of Social and Humanities Jurnal Ilmiah Bisnis dan Ekonomi Asia (Jibeka)
Hermanto Siregar
Departemen Ilmu Ekonomi, Fakultas Ekonomi Dan Manajemen, Institut Pertanian Bogor Jl. Kamper, Wing 2 Level 5 Kampus IPB Darmaga, Bogor 16680
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PENGARUH SERTIFIKASI TANAH TERHADAP NILAI TANAH DAN KONDISI EKONOMI MASYARAKAT DI KABUPATEN SUKOHARJO Yenna Sri Mardiana; Hermanto Siregar; Bambang Juanda
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 2 No. 3 (2016): JABM Vol. 2 No. 3, September 2016
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.2.3.304

Abstract

The objectives of this study are to examine: (i) the influence of land certification on land price and e factors that affect land price and (ii) the influence of land titling program on the socioeconomic conditions of the society; and (iii) to formulate a framework for developing a better land certification program in the study area. This study used the quantitative analysis (statistical comparison and regression) and descriptive analysis. The results showed that the land titling, distance to the center of regional development, and regional economic development level (GDP) significantly increase the price of land in Sukoharjo District. Legality of land assets through land certificates can potentially increase the value of land, giving the community the security toward its assets of land and improve the people's access to financial institutions. This indicates that titling improves socio-economic conditions and social welfare of landowners. Therefore, the continuation of the study to develop an operational framework and scopes of the land certification program land must be conducted in all places.Keywords: land certificates, land prices, socio-economic conditions, Sukoharjo, regressionABSTRAKTujuan dari penelitian ini adalah untuk (i)  pengaruh  sertifikasi tanah terhadap harga tanah dan faktor yang memengaruhi harga tanah; dan (ii) pengaruh program sertifikasi tanah terhadap kondisi  sosial ekonomi masyarakat; dan  (iii) merumuskan kerangka untuk mengembangkan program sertifikasi tanah yang lebih baik di daerah penelitian. Penelitian ini menggunakan analisis kuantitatif (perbandingan statistik dan regresi) dan analisis deskriptif. Hasil penelitian menunjukkan bahwa sertifikasi tanah, jarak ke pusat pengembangan wilayah, dan tingkat perkembangan ekonomi wilayah (PDRB) secara nyata meningkatkan harga tanah di Kabupaten Sukoharjo. Legalitas aset tanah melalui sertifikat tanah secara potensial meningkatkan nilai tanah, memberikan rasa aman masyarakat terhadap aset tanahnya, dan meningkatkan terhadap akses masyarakat pada lembaga-lembaga keuangan. Hal ini berarti sertifikasi tanah meningkatkan kondisi sosial ekonomi serta kesejahteraan masyarakat pemilik tanah. Oleh karena itu, penelitian ini menyarankan untuk terus dikembangkan kerangka operasional dan cakupan program sertifikasi tanah secara massal. Kata kunci: sertifikat tanah, harga tanah, kondisi sosial ekonomi, Sukoharjo, regresi
Analisis Arus Kas Terkait Kebijakan Uang Kuliah Tunggal di Perguruan Tinggi Negeri Badan Hukum Surtiati Surtiati; Hermanto Siregar; Trias Andati
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 3 No. 2 (2017): JABM Vol. 3 No. 2, Mei 2017
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.3.2.222

Abstract

The aims of the research were to analyze cash flow and compare tuition income in a State University with Legal Entity of “XYZ” for its first year TPB students (the First Common Year) and of the first year until the fourth year before and after implementation of the single tuition fee system and formulate the management policies for the tuition income after the single tuition fee system. Analysis of cash flows consisted of cash ratio, quick ratio and current ratio. Paired t-test was used to analyze differences between single tuition fee income and non single tuition fee income. Based on the cash flow analysis, it is found that the University of “XYZ” has a liquid financial condition. The significant difference is, moreover, detected from the paired t-test analysis between single and non single tuition fee of total income from the first year student tuition. However, there is no difference detected when the analysis was conducted for total income from all four year tuitions. Management policies tuition income after the single tuition fee system payment delays should be minimized so that tuition fee funds can be completely collected. The allocation of fees to the faculty/department was originally based on the BPMP, and BPMK uses a tariff system so that cost per subject does not necessarily correspond with the needs. This is not in accordance with the single tuition fee system that is based on the unit cost. This means that the cost of the course is based on real needs, not based on the rates set.Keywords: cash flow analysis, state university with legal entity, single tuition feeABSTRAKPenelitian ini bertujuan menganalisis arus kas, mengkaji perbedaan penerimaan SPP S1 Reguler satu tahun pertama bagi mahasiswa TPB dan tahun pertama sampai tahun ke empat sebelum dan sesudah kebijakan UKT di PTN Badan Hukum “XYZ. Selanjutnmya, merumuskan kebijakan pengelolaan SPP S1 reguler sesudah UKT. Analisis arus kas terdiri dari rasio kas, rasio cepat, dan rasio lancar. Analisis perbedaan penerimaan SPP S1 sebelum dan sesudah kebijakan UKT menggunakan uji t sampel berpasangan. Hasil penelitian menunjukkan bahwa berdasarkan analisis rasio arus kas PTN Badan Hukum “XYZ” memiliki rasio kas yang likuid. Hasil analisis uji t sampel berpasangan menunjukkan bahwa total penerimaan SPP S1 satu tahun pertama (TPB) sebelum dan sesudah UKT berbeda nyata sedangkan total penerimaan SPP S1 dari tahun pertama hingga tahun ke empat sebelum dan sesudah UKT tidak berbeda nyata. Kebijakan pengelolaan SPP S1 reguler sesudah UKT sebaiknya penundaan pembayaran SPP diminimalisir agar dana SPP dapat terkumpul seutuhnya. Alokasi SPP ke fakultas/departemen semula berdasarkan BPMP dan BPMK menggunakan sistem tarif, sehingga biaya per mata kuliah belum tentu sesuai dengan kebutuhan. Hal ini tidak sesuai dengan sistem UKT yang didasarkan pada unit cost. Artinya, biaya mata kuliah didasarkan kepada kebutuhan riilnya, bukan berdasarkan tarif yang ditetapkan.Kata kunci: analisis arus kas, perguruan tinggi negeri badan hukum, uang kuliah tunggal
Earning Management dan Expected Future Earning di Bursa Efek Indonesia Taofiq Rachmat; Hermanto Siregar; Tb Nur Ahmad Maulana
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 3 No. 3 (2017): JABM Vol. 3 No. 3, September 2017
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.3.3.466

Abstract

The purpose of this study was to applicated M-score to identify earning management in Indonesian corporation. This study also aims to analyst future earning condition from kind of group or sector of corporation which is indicated doing earning management. This study took a sample of 42 corporation using criteria about corporation which is had negatif information. The results of multiple linear regression analysis show that there is evidence that companies with an Earning Management detected earn lower future earnings (a study in Indonesian Stock Exchange Market), the ability of forecast changes in future earnings stems from its ability of predictive power of M-Score (Earning Management Detection Model). There is also, evidence that group companies which had “high attention” from Regulator earn lower expected future earnings. Based on the results of this study, the stake holder are advised to consider M-score to make judgement about financial reports.Keywords: earning management, expected future earning, indonesian stock exchange market, m-score, cross- sectional time-series dataAbstrak: Tujuan dari penelitian ini adalah untuk mengkaji aplikasi M-Score untuk mengidentifikasi earning management pada korporasi di Indonesia. Penelitian ini juga bertujuan mengkaji kondisi expected future earning dari kelompok korporasi yang di informasikan terindikasi melakukan earning management. Penelitian ini mengambil sampel dari 42 korporasi dengan menggunakan kriteria korporasi yang memiliki informasi negatif. Hasil analisis regresi linier berganda menunjukkan terdapat bukti apabila korporasi yang terdeteksi earning management akan mendapatkan expected future earning yang rendah. Kemampuan memprediksi perubahan pada expected future earning didapat dari kemampuan prediksi yang kuat dari M-score (Model untuk mendeteksi adanya earning management). Penelitian menunjukkan bahwa ditemukan konglomerasi usaha yang mendapat pengawasan dari regulator mendapatkan expected future earning yang rendah. Berdasarkan hasil penelitian ini, pemangku kepentingan disarankan menggunakan M-score ketika melakukan penilaian pada laporan keuangan.Kata kunci: earning management, expected future earning, bursa efek indonesia, m-score, data panel 
ANALISIS NON PERFORMING FINANCING (NPF) SECARA UMUM DAN SEGMEN MIKRO PADA TIGA BANK SYARIAH NASIONAL DI INDONESIA: NON PERFORMING FINANCING ANALYSIS WITH REGARD TO A GENERAL AND MICRO SEGMENT ON THREE NATIONAL SHARIA BANKS IN INDONESIA Wulandari Kuswahariani; Hermanto Siregar; Ferry Syarifuddin
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 6 No. 1 (2020): JABM Vol. 6 No. 1, Januari 2020
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.6.1.26

Abstract

Non-Performing Financing (NPF) is one of the indicators in evaluating the performance of sharia banks. The high NPF level indicates the low performance of sharia banks that shows many financing problems. The research objective was to identify the factors that influence NPF with regard to general and micro-segment. NPF value influenced by several factors, both internally and externally, such as Financing to Deposit Ratio (FDR), Capital Adequacy Ratio (CAR), Net Operating Margin (NOM), Return On Equity (ROE), inflation, exchange rate, and Gross Domestic Product (GDP). The study used quarterly data from three sharia banks, namely BNI Syariah, BRI Syariah, dan BSM. The methods employed were descriptive analysis and panel data regression. The results showed that FDR, NOM, and ROE were the NPF influencing factors for the general segment. Meanwhile, CAR, NOM, ROA, BOPO, and GDP were the NPF influencing factors for the micro-segment. Keywords: financing, micro segment NPF, NPF, sharia bank Abstrak: Non Performing Financing (NPF) merupakan salah satu indikator dalam menilai kinerja bank syariah. Tingkat NPF yang tinggi menunjukkan kinerja bank syariah yang rendah karena banyak terjadi pembiayaan bermasalah. Tujuan penelitian ini adalah mengetahui faktor yang memengaruhi NPF baik pada segmen mikro dan NPF secara umum. Nilai NPF dipengaruhi oleh beberapa faktor antara lain baik dari sisi internal dan eksternal seperti Financing to Deposit Ratio (FDR), Capital Adequacy Ratio (CAR), Net Operating Margin (NOM), Return On Equity (ROE), Inflasi, Nilai tukar dan Gross Domestic Product (GDP). Data uang digunakan data triwulan dari 3 bank syariah yaitu BNI Syariah, BRI Syariah dan BSM. Metode yang digunakan dalam penelitian ini yaitu analisis deskriptif dan regresi data panel. Berdasarkan hasil analisis, variabel FDR, NOM dan ROE memiliki pengaruh signfikan negatif terhadap NPF secara umum. Pada NPF segmen mikro, variabel CAR, ROA dan BOPO memiliki pengaruh positif dan signifikan, sedangkan variabel NOM dan GDP memiliki pengaruh negatif dan signifikan. Kata kunci: bank syariah, NPF, NPF segmen mikro, pembiayaan
INDONESIAN PROPERTY AND REAL ESTATE RETURN ANALYSIS : COMPARISON OF CAPITAL ASSET PRICING MODEL AND FAMA-FRENCH THREE FACTORS MODEL M. Bobby Afif Nasution; Hermanto Siregar; Trias Andati
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 6 No. 1 (2020): JABM Vol. 6 No. 1, Januari 2020
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.6.1.197

Abstract

A nation’s economic growth can be reflected in property and real estate sector growth. Property and real estate are believed to be one leading sector that is indicating a nation economic health, as this sector grows alongside the national economic growth. Property and real estate are a long term business that requires a large sum of capital. Therefore, many firms in these sectors listed their share in the capital market to attract potential investment form investors. However, property and real estate have risks due to its long term nature, which the investors must avoid. This research aimed (1) to determine two major risks on the property and real estate, economic growth and firms size, and value stocks by using Capital Asset Pricing Model and Fama-French Three Factor Model; (2) and to identify the best model that could detect the best return for property and real estate sector. The result showed that the economic condition was significantly affecting the Indonesia property and real estate sector’s excess return. Large size with low book-to-market ratio firms were dominating the property and real estate sector. In conclusion, both models showed similar and consistent results; however the Fama-French Three-Factor Model was better in identifying excess return of Indonesian property and real estate sectors. Keywords: CAPM, property and real estate, three factor model Abstrak: Pertumbuhan ekonomi negara dapat tercermin dari bagaimana sektor properti dan real estate tumbuh. Properti dan real estate diyakini sebagai salah satu sektor terkemuka yang menunjukkan kesehatan ekonomi di suatu negara, karena sektor-sektor tersebut tumbuh seiring dengan pertumbuhan ekonomi. Properti dan real estate cenderung bersifat jangka panjang dan membutuhkan modal besar. Oleh karena itu, banyak perusahaan di sektor ini mendaftarkan saham mereka di pasar modal, untuk menciptakan potensi investasi yang baik bagi investor. Namun, karena sifatnya yang jangka panjang, properti dan real estate memiliki risiko di mana investor harus menghindarinya. Penelitian ini bertujuan untuk menentukan dua risiko utama pada properti dan real estate, pertumbuhan ekonomi dan ukuran serta nilai saham perusahaan dengan menggunakan model CAPM dan Fama-French, dan membandingkan model mana yang dapat mengidentifikasi pengembalian yang lebih baik untuk sektor properti dan real estate. Penelitian menunjukkan bahwa kondisi ekonomi secara signifikan mempengaruhi kelebihan return properti dan real estat Indonesia. Perusahaan dengan ukuran perusahaan besar dan rasio book-to-market yang rendah diketahui mendominasi sektor properti dan real estate. Secara keseluruhan, kedua model menunjukkan hasil yang sama dan konsisten, namun Fama-French Three Factor Model dipastikan lebih baik dalam mengidentifikasi kelebihan pengembalian sektor properti dan real estat Indonesia. Kata kunci: CAPM, property and real estate, three factor model
DETERMINANTS AFFECTING PROFITABILITY AND STOCK RETURNS FOR SMALLER BANKS LISTED ON THE INDONESIA STOCK EXCHANGE Ferry Ardiansyah; Hermanto Siregar; Dedi Budiman Hakim; Mulya Siregar
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 6 No. 3 (2020): JABM Vol. 6 No. 3, September 2020
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.6.3.679

Abstract

In running businesses and their operations, banks are required to earn profits. Profits earned by banks provide an added value for banks, especially for shareholders if the stock price increase. This research was conducted at 18 banks in BUKU II bank categories that already listed on the Indonesia Stock Exchange or Go Public. The purpose of this study was to determine factors influence profitability and stock returns banks in groups of BUKU II Go public. The study was conducted using secondary data from January 2014 to December 2018. In order to analyze the factors that influence firms’ profitability and stock returns, data processed using panel data regression analysis. The results showed that significant factor affects profitability were total assets, non-performing loans (NPL), capital adequacy ratio (CAR), net interest margin (NIM), and the number of employees. Furthermore, a significant factor that affects stock returns is good corporate governance (GCG) and the number of electronic banking variations that are owned. The resulting research has managerial implications for the banks in maintaining several important financial ratios such as CAR, NPL, NIM, and also developing electronic banking and implementing GCG in every business process carried out. Keywords: determinant factors, go public, panel data regression, profitability, stock return
SKEMA TRANSFER PRICING UNTUK PENGALIHAN LABA Pratikto Winardi Bakhram; Hermanto Siregar; Moch Hadi Santoso
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.7.2.379

Abstract

More than 60% of world transactions used a transfer pricing scheme. Transfer pricing for tax avoidance is not in accordance with domestic Indonesian tax rules. This study aim to generate understanding about transfer pricing concept, determine transfer pricing risk factors, identify transfer pricing schemes, and explain transfer pricing risk management. Descriptive analysis method based on secondary data and literature studies applied in this research. This research shows that transfer pricing should be based on the arm’s length principle. Factors that determine transfer pricing risks are inter-company transactions, tax rates, and foreign ownership. Transfer pricing can be implemented in inter-company transactions schemes related to sales, intangible asset, loan and services through one or a combination of several types of inter-company transactions. Transfer pricing risk management can be carried out through law enforcement, access of information agreement, and development of a transfer pricing risk-based monitoring system. The Directorate General of Taxes needs to pay attention to taxpayers who have affiliated transactions, lower tax rates, and foreign ownership in monitoring the risk of transfer pricing. Business groups also need to to fulfill the arm's length principle in the transfer pricing scheme in order to comply with the regulation. Keywords: business groups, inter-company transactions, profit shifting, tax avoidance, transfer pricing
WHAT MAKES INDONESIA'S SUSTAINABLE INVESTMENT BETTER THAN SHARIAH AND LIQUID? Indra Gunawan; Muhammad Firdaus; Hermanto Siregar; Mulya E. Siregar
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 7 No. 1 (2021): JABM Vol. 7 No. 1, Januari 2021
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.7.1.202

Abstract

This study aimed to compare the performance of SRI-KEHATI, lq45, and JII weekly data set from 2009 to 2020, covering 100 companies' stocks as members of the indices. Data were standardized within index weighting, followed by non-parametric methods as they were not as susceptible to outliers as the parametric tests were. The performance evaluation used both Kruskal-Wallis and Mann-Whitney U tests. The result showed that SRI- KEHATI had the largest average risk and returns, among others, supported by the fact that investors will choose stocks or indices based on financial aspects and values on ethics, religiosity, and liquidity aspects. It also showed that SRI-KEHATI is best suited for collecting financial, social, and ethical returns at the same time. We also found out from the Mann-Whitney U test that one of the reasons for SRI-KEHATI's performance was due to the major allocation to the four major banks. There was a significant difference between SRI-KEHATI and the performance of the four banks that have been the stock movers all the way, so investors could select the cherry-picking strategy focusing on those stocks instead. This study has managerial implications for investors and fund managers looking for competitive returns amongst three indices where SRI investment is favorable, targeting higher return and awareness of the higher risk and volatilities. Keywords: equity, liquid, non-parametric, sharia, sustainable responsible investment
Does Working Capital Management Affect the Profitability of Property and Real Estate Firms in Indonesia? Johan Firmansyah; Hermanto Siregar; Ferry Syarifuddin
Jurnal Keuangan dan Perbankan Vol 22, No 4 (2018): October 2018
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (481.517 KB) | DOI: 10.26905/jkdp.v22i4.2438

Abstract

During 2013-2017, the increase in net profit of property companies in Indonesia was accompanied by an increase in the cash conversion cycle and net working capital ratio which indicated that performance was increasing but not in cash flow and management of working capital was not productive. The purpose of the study to determine the significant effect of working capital management on profitability and working capital element which has the dominant effect. This study used control variables of sales growth, company size, interest rate, and exchange rate. This study used a descriptive approach and panel data regression. The results showed that the Cash Conversion Cycle (CCC) had a significant negative effect on OPM, ROA, and ROE. Current asset to total assets ratio (CATAR) had a significant positive effect on ROA and ROE. Current liabilities to total assets ratio (CLTAR) have a positive effect significant to OPM and debts to total asset ratio (DTA) have a significant negative effect on OPM and ROA. While CLTAR had the most dominant effect on OPM because it has the highest estimation coefficient among others and the company more aggressive in implementing its working capital policy to achieve higher operating profit.JEL Classification: C33, G31, E43, F31DOI: https://doi.org/10.26905/jkdp.v22i4.2438
World Oil Price Changes and Inflation in Indonesia: A Nonparametric Regression Approach Indra Darmawan; Hermanto Siregar; Dedi Budiman Hakim; Adler Haymans Manurung
Signifikan: Jurnal Ilmu Ekonomi Vol 10, No 1 (2021)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v10i1.19010

Abstract

This study aims to investigate the effect of world oil price changes on inflation in Indonesia. We used a nonparametric regression approach that never been employed in previous studies, both domestically and internationally. This study shows that the second-order Epanechnikov kernel function is statistically significant in explaining the effect of world oil price changes on Indonesia's inflation. We found that the world oil price changes had a lower effect on Indonesia's inflation when its price below USD 100 per barrel, and its effect became higher when its price above USD 100 per barrel. These results have important implications for Bank Indonesia and Indonesia's government in response to the world oil price changes. The policies that aimed at reducing the effect of world oil price changes on inflation in Indonesia should consider the world oil price level.JEL Classification: A12, B26, C14, E31, F29, F62How to Cite:Darmawan, I., Siregar, H., Hakim, D.B., & Manurung, A.H.. (2021). World Oil Price Changes and Inflation in Indonesia: A Nonparametric Regression Approach. Signifikan: Jurnal Ilmu Ekonomi, 10(1), 161-176. https://doi.org/10.15408/sjie.v10i1.19010.
Co-Authors . Lukytawati . Mahyuddin ., Harianto AA Sudharmawan, AA Abitur Asianto Adhitya Wardhana Adis Imam Munandar Adler H. Manurung Adler Haymans Manurung Affendi Anwar Agus Lukman Hakim Ahmad Aris, Ahmad Ahmad Naufaldy Pasaribu Ahmad, Fahmi Salam Aini Nurachman Dini Akbar, Chaeka Fitria Ramadhania Akbar, Dudi Duta Akhmad Fauzi Akhmadi Akhmadi Alim, Muhammad sahirul Alla Asmara Alya Dinda Nurrahmi Amzul Rifin Andam Dewi Andrea Emma Pravitasari, Andrea Emma Anggelina Delviana Klau Anny Ratnawati Aprilia Sukmawati Apriyana, Alfin Ardila, Fitri Aning Dwi Ardina Puspitasari Arham Rivai Ari Binuko Arief Darjanto Arief Daryanto Arief Daryanto Arif Imam Suroso Arif Naldi Aris, Diba Anggraini Aristo Purboadji ASEP SAEFUDDIN Asirin, Asirin Astoeti Wahjoe Widiarti Astrika Erlin Nurcahningsih Avianto, Wahyu Aviliani Aviliani Azis, Muh. Ikhsan Aziz, Lukmanul Hakim Azizah B D Nasendi Baba Barus Bagio, Bagio Baida Soraya Bambang Juanda Bandono, Bayu Basyid Ahmad Bayu Bandono Benar Darius Ginting Benny Kurniawan Boedi Tjahjono Bonar M Sinaga Bonar M Sinaga, Bonar M Bonar M. Sinaga Bonar Marulitua Sinaga Bronson Marpaung Bunasor Sanim Bungaran Saragih Bungaran Saragih Bustanul Arifin D. S. Priyarsono D. S. Priyarsono Dahri Dahri Darmawan, Indra Darsono . Deddy S. Bratakusumah Dedi Budiman Hakim Desi Maryanti Diana Septiningrum Diana Septiningrum, Diana Dikky Indrawan Dirga, Satria Prawira Ditha Mangiri Djajuli, Idja Dodik Ridho Nurrochmat Dominicus Savio Priyarsono Dudi S. Hendrawan Dwi Haryono Dwi Suprastyo DWI SURYANTO Dyan Vidyatmoko Dyan Vidyatmoko E. Batara Manurung E. Gumbira-Sa’id Ebed Hamri Eddi Wahyudi, Eddi Eddy Silamat Eduart Wolok Edwin Mahatir Muhammad Ramadhan Eka Intan KP Eka Intan Kumala Putri Eko Wahyu Nugrahadi Endah Murniningtyas Endah Murniningtyas ENDANG SUHENDANG Endriatmo Soetarto Eri Susanto Hariyadi Eri Susanto Hariyadi, Eri Susanto Eriyatno . ERLINA Erlina Erlina Erliza Noor Ernan Rustiadi Erwin Susanto Sadirsan Evi Lisna Evita H. Legowo Fahriyah Fahriyah Faizal Irvansyah Faizul Mubarok Farida Farida Fauzi, Firman Fazri, Muhammad Febriyana, Alfonsia Ferry Ardiansyah Ferry Syarifuddin Ferry Syarifuddin Ferry Syarifuddin Fitria Yuliani Fitriana, Rizqi Gonarsyah, Isang Gustiyan Taufik Mahardika Hadi, Setia Hadiwidjaja, Rini Dwiyani Hakim, Dedi Budiman Hani Laksono Hannoeriadi A., Ivan Hapsari, Umi Indah Harahap, Muhammad Syafril Hardinsyah Hariandja, Nancy Megawati Harianto Harianto Harianto . Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Hastori, . Hendri Tanjung Hendro Sasongko Hendro Sasongko Heni Hasanah Hermawan, Hardy R Hermawan, Rachmad Heru Kustanto Hery Setiawan Heti Mulyati I Gusti Putu Wigena I Wayan Mangku I Wayan Nuka Lantara Ichsan Ichsan, Aulia Idqan Fahmi Ilham, Nyak Ilham, Nyak Illah Sailah Imam Teguh Saptono Imam Teguh Saptono Iman Widhiyanto Iman Widhiyanto Indra Darmawan Indra Gunawan Indra Gunawan Indraprahasta, Galuh Syahbana Ingratubun, Muhammad A Ingrit, Ingrit Irfan Syauqi Beik Irma Citarayani Isang Gonarsyah Ismail, Ahmad Faizal Ivan Hannoeriadi A. Iyan Anriansyah Jajang Jajang Johan Firmansyah Joko S. Usman Jonahar Joyo Winoto Joyo Winoto, Joyo Kadar, Laila Kodrat Wibowo Kusnadi - Kustanto, Heru Laksamana, Patria Lala M Kolopaking Latuconsina, Olivia CH Lestari Agusalim Limetry Liana Mey Limetry Liana, Limetry Liston Siringo Ringo Lokot Zein Nasution, Lokot Zein Lukman M. Baga Lukytawati Anggraeni Lukytawati, . M Parulian Hutagaol M Parulian Hutagaol M. Bobby Afif Nasution M. Husein Sawit M. 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Sutjahjo Surtiati Surtiati Surya Abadi Sembiring Suryaningsih, Widiani Sutikno, Renaldo Prima Sutriono Edi Suwarno Suwarno Suwinto Johan Syahbana, Galuh Syahrir, Azhar Syaiful Syaiful Syaiful Syaiful Syamsul Arifin Syamsul Hidayat Pasaribu Syamsul Ma'arif Syarifuddin, Ferry Syarifuddin, Ferry Syauqi, Muhamad Sylvia Sandyazmara Devi Tanti Novianti Taofiq Rachmat Tatik Mariyanti, Tatik TB Nur Ahmad Maulana Tb. N Ahmad Maulana, Tb. N Ahmad Tony Irawan Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Tubagus Nur Ahmad Maulana Tubagus Nur Ahmad Maulana Tubagus Nur Ahmad Maulana Tutut Sunarminto Usman - Vidyatmoko, Dyan Wibisono, Afrid Widhiyanto, Iman Widyastutik Winardi Winardi Winardi Winardi Winardi, Winardi Winoto, Joyo Wiwiek Rindayati Wonny A. Ridwan Wulandari Kuswahariani Wulandari, Lita Wurdaningsih Yantu, M. R. Yati Nuryati Yenna Sri Mardiana Yeti Lis Purnamadewi Yulismi, Yulismi Yusman Syaukat Yusman Syaukat Z. Karim, Taufik