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An Empirical Analysis of the Effects of Interest Rates and Exchange Rates on Stock Prices: Evidence from Astra International Plc Gunawan, Hendri; Lisdawati, Lisdawati; Sulistyani, Tri
Indonesian Financial Review Vol. 5 No. 2 (2025)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v5i2.120

Abstract

This study examines the effect of interest rates and exchange rates on stock prices of PT Astra International Tbk during the 2015–2024 period. Using a quantitative approach, the research applies multiple linear regression to secondary time-series data from Bank Indonesia and Investing.com. Classical assumption tests were conducted to ensure model reliability. The results show that interest rates do not have a significant partial effect on Astra’s stock price, while the exchange rate has a negative and significant influence. Simultaneously, interest rates and exchange rates do not significantly affect stock prices. The coefficient of determination indicates that 54.4 percent of stock price variation is explained by the two macroeconomic variables. These findings imply that exchange rate movements play a more important role than interest rates in shaping Astra’s stock performance and provide insights for investors in the Indonesian capital market.
The Mediating Role of Work Motivation in the Relationship Between Organizational Culture, Job Training, and Employee Performance Yusnina, Yusnina; Prihatni, Ari; Wulaningsih, Ririn Widyastuti; Lisdawati, Lisdawati; Oktasari, Erita
International Journal of Marketing & Human Resource Research Vol. 7 No. 1 (2026): International Journal of Marketing and Human Resource Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijmhrr.v7i1.3404

Abstract

The Indonesian coffee industry has developed rapidly and has become an integral part of modern lifestyle consumption. Starbucks Indonesia, as a market leader, relies heavily on effective human resource management to maintain service quality and competitive advantage. However, Starbucks Grand Indonesia Mall faces several challenges related to organizational culture, the effectiveness of job training, and employee motivation, particularly among employees aged 18–24 years. This study examines the effects of organizational culture and job training on employees’ work motivation and, in turn, their performance at Starbucks Grand Indonesia Mall. A quantitative research design was adopted, applying both descriptive and explanatory approaches. The study involved 49 employees, all of whom participated as respondents via a census (saturated sampling) method. Data were gathered using structured questionnaires measured on a Likert scale, supported by observations and interviews. Path analysis was utilized to evaluate the direct and indirect relationships among the research variables. The findings demonstrate that both organizational culture and job training exert a positive and statistically significant influence on employees’ work motivation, accounting for 54% of the observed variance. In addition, organizational culture, job training, and work motivation, both collectively and individually, have significant effects on employee performance, accounting for 67% of the total variation in performance outcomes. Among these predictors, job training emerges as the most influential determinant of employee performance. This study extends the existing human resource management literature by providing empirical evidence from Indonesia’s retail coffee service industry, with particular attention to the mediating role of work motivation. By empirically validating this relationship, the study provides a deeper understanding of how organizational practices translate into performance outcomes. The findings offer strategic implications for practitioners, particularly in designing integrated human resource frameworks that foster sustainable employee performance and strengthen long-term organizational competitiveness.
Mampuju Mamongo: Makna Simbolik Dalam Proses Lamaran Suku Pamona di Desa Bungapati Kabupaten Luwu Utara Lisdawati, Lisdawati; Rahman, Abdul; Najamuddin, Najamuddin
Jurnal Humanitas: Katalisator Perubahan dan Inovator Pendidikan Vol 12 No 1 (2026): Maret
Publisher : Universitas Hamzanwadi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29408/jhm.v12i1.33877

Abstract

This study aims to analyze the meaning of the symbolic message contained in the procession of the Mampuju Mamongo of the Pamona Tribe in Bungapati Village, North Luwu Regency,  Mampuju Mamongo procession in the tradition of the Pamona Tribe in Bungapati Village, North Luwu Regency, the position of Mampuju Mamongo in maintaining the sustainability of the Pamona Tribe proposal tradition in Bungapati Village, North Luwu Regency. The researcher uses a qualitative descriptive research type with a phenomenological approach. Data collection techniques through observation, interviews, and documentation. The results of the study show that the meaning of symbolic messages in the traditional elements of proposal packages such as areca nuts, betel leaves, betel lime, tobacco, rattan, coins, and areca nut fronds contain deep philosophical values symbolized by purity, honesty in relationships, responsibility, and unity and harmony between the two families united through customary bonds. The Mampuju Mamongo procession is carried out through structured stages, namely, metukana (asking), mantonge mamongo (wrapping), and mabulere mamongo (opening of packages). Each stage has its own function and meaning that gradually confirms the seriousness and responsibility of the male party in the customary proposal process, as well as providing space for the woman and her family to express their consent, and accept customary and social ties. The sustainability of this tradition is maintained through active value inheritance efforts and collaboration between traditional leaders, village governments, and the younger generation, through traditional documentation and strengthening village customary institutions to maintain the cultural identity of the Pamona Tribe in the midst of modernization.
THE INFLUENCE OF NET PROFIT MARGIN AND DEBT TO ASSET RATIO ON STOCK PRICES AT PT BLUE BIRD FOR THE 2011-2023 PERIOD Lisdawati, Lisdawati; Nurcahayati, Siti; Widodo, Adji; Hidayat, Arif
International Journal Multidisciplinary Science Vol. 3 No. 3 (2024): October: International Journal Multidisciplinary Science
Publisher : Asosiasi Dosen Muda Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56127/ijml.v3i3.1685

Abstract

This study aims to determine the influence of Net Profit Margin and Debt to Asset Ratio on the stock price of PT Blue Bird Tbk from 2011 to 2023. A quantitative method was used to analyze these variables both partially and simultaneously, as well as to identify which variable has the most significant impact on the stock price. Based on the data analysis, the results indicate that the Debt to Asset Ratio does not have a significant partial effect on the company’s stock price. Simultaneously, this variable also shows no meaningful impact. The contribution of both variables, Net Profit Margin and Debt to Asset Ratio, to the stock price is 27.7%, while the remaining percentage is influenced by other factors not discussed in this study.
Co-Authors Abdul Rahman Adiyono Ananda, Olyvia Angga Pratama Anggraini, Reza Deswita Anggraini, Rr Renny Arif Hidayat Christinawati Putri, Ferica Ciptiasrini, Uci Dina Novita, Dina Dwi Wulandari, Rizki Fadillah Fadillah Faisal Faisal Faisal, H. Muh. Happy Fitria, Happy Hasbi Ananta, Nadila Hendri Gunawan Hermiyetti Hulasoh, Ela Jaswita, Derizka Inva JMV Mulyadi K, Milka Anggraeni Kartini Khoffifah, Khoffifah Kresnina, Kresnina Krisnaldy, Krisnaldy Kusumastuti , Istiana Lailiah, Nurzhahratul Lase, Hofandrik Littu, Herlina Marjohan, Masno Martono, Adi Marungkil Pasaribu Muhammad Andhika Nainggolan, Yohanna Thresia Najamuddin Najamuddin, Najamuddin Najwa Balloteng, Bunga Nurcahayati, Siti NURDIN, DJAYANI Nuridah, Siti Nurul Istiqomah Nurwita, Nurwita Oktasari, Erita Patriandari, Patriandari Paulina, Vanka Praditya, Alvin Prihatni, Ari Putra, Irsan Herlandi Putri, Anindha Zalwana Putri, Ferica Christinawati R, Catur Galuh R, Pancagaluh Rachmawaty Rachmawaty, Rachmawaty Rahmasari, Novia Rahmawati, Meylin Rini Pratiwi, Sulistya Ririn Widyastuti Wulaningsih Rizky Agusriyanti Irna Safitri, Catur Arum Sagena, Uni Sani, Nurul Kami Septian, Septian Septiani, Fauziah Setiawan, Abraham Alfarizki Setiyo, Heri Sunarto, Ading Supardi Supardi Supatmin, Supatmin Susaldi, Susaldi Susanti, Fahmi Sutarto, Bambang Sutiman Sutiman, Sutiman Sutiyani, Sutiyani Syamsuddin, Rahmi Andini Syamsudin, Rahmi Andini Syamsuriwal, Syamsuriwal Thresia Nainggolan, Yohanna Tri Sulistyani Widia Astuti Widodo, Adji Winata, Michelle Yulianto, Eka Yusnina, Yusnina