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The Influence of Profitability and Solvency Ratios on Stock Prices with Inflation as Moderating Variable (Case Study on BUMN) Indrajaya, Danang
IJTB (International Journal of Technology And Business) Vol 3 No 2 (2019): IJTB | INTERNATIONAL JOURNAL OF TECHNOLOGY AND BUSINESS
Publisher : LPPM of STIMIK ESQ

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract This study aims to examine the effect of Return on Assets (ROA), Return on Equity (ROE) and Debt to Equity Ratio (DER) on stock prices with inflation as a moderating variable in construction sector and basic industry companies which are listed on the Indonesia Stock Exchange during the period 2014-2018. This research is a quantitative study using multiple linear regression methods, t test and coefficient of determination test. Previously, the classical panel data assumption test which included normality test and multicollinearity test was conducted. Whereas the problem of heteroscedasticity and autocorrelation can be overcome by the Generalized Least Square (GLS) method. There are 8 SOE (state-owned enterprises)  construction and basic industry companies listed on the Indonesia Stock Exchange as research objects. The results of this study indicate that the Return on Assets (ROA) of several BUMN companies observed during the 2014-2018 period had a positive effect on their share prices, while the Return on Equity (ROE) and Debt to Equity Ratio (DER) of these companies had no effect significantly to the share prices. The results of this study also show that inflation does not moderate the ROA and DER relationship of several SOE companies which are observed to the share prices. On the other hand, inflation can weaken the effect of ROE on the share prices of several BUMN companies observed.   Keywords: ROA, ROE, DER, Inflation and Stock Prices.  
Simulasi Model Gelombang Pasang Surut dengan Metode Beda Hingga Lukman Hanafi; Danang Indrajaya
Limits: Journal of Mathematics and Its Applications Vol 2, No 2 (2005)
Publisher : Institut Teknologi Sepuluh Nopember

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (237.774 KB) | DOI: 10.12962/j1829605X.v2i2.1377

Abstract

Beberapa pesisir laut di Indonesia memiliki kondisi pasang surut yang cukup tinggi. Hal ini dapat mempengaruhi pembangunan sektoral dan regional yang dilakukan pemerintah maupun swasta yang berlangsung secara intensif di daerah pesisir. Untuk itu, diperlukan suatu perangkat untuk memperkirakan kondisi pasang surut perairan dalam mendukung perencanaan suatu bangunan laut. Salah satu metode numerik yang digunakan untuk menghitung ketinggian dan kecepatan suatu gelombangpasang surut adalah metode beda hingga. Dalam makalah ini dibahas mengenai pembentukan model matematika gelombang pasang surut dan implementasinya, yaitu perhitungan numerik dengan metode beda hingga dengan simulasi gra¯knya.
Efektivitas Kebijakan Moneter Non Konvensional pada BPD Indonesia di Masa Pandemi Danang Indrajaya
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 3 No 3 (2022): February 2022
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v3i3.1061

Abstract

This article analyzes the effectiveness of non-conventional monetary policy in Indonesia. The data used is quarterly panel data covering 16 Regional Development Banks (BPD) for 9 quarters from 2019 to 2020. This study analyzes the effectiveness of quantitative easing policies on bank lending channels from monetary policy transmission. This study uses static and dynamic panel data analysis methods, namely the Individual Fixed Effects method, and the Generalized Method of Moments Analysis. The results of this study indicate that the liquidity ratio has a positive but not significant effect on credit growth. Likewise, the effect of the securities ratio is negative but not significant on credit growth. This shows that non-conventional monetary policy in Indonesia is not effective, because banks are still hesitant to channel new loans for fear of increasing non-performing loans
Relationship of Inflation, BI Rate and Deposit Interest Rate Danang Indrajaya
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 3 No 3 (2022): February 2022
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v3i3.1108

Abstract

This study aims to model the relationship between the inflation rate, BI rate, and deposit interest rates, then analyze the model, and provide forecasting and structural analysis of the model. Therefore, the method used in this study is Vector Error Correction Model analysis which is applied to time series data of the inflation rate (CPI), BI rate, and deposit interest rates. The results of the model analysis show that the policy of changing the BI rate has an effect on the rise and fall of the inflation rate (CPI) and fluctuations in the deposit rate (deprate). The BI rate is also influenced by two other variables (CPI and Deprate), but the biggest influence is from the variable BI Rate itself, and CPI and Deprate are mutually influencing (causality effect), but like the BI rate, the most influential variable is the lag variable of each of these variables
Pengaruh Customer Relationship Management & Brand Image terhadap Kepuasan Pasien Rawat Jalan selama Masa Pandemi Covid-19 Annisah Syairah Ferianda; Danang Indrajaya; Abdul Haris Muchtar
Jurnal Ilmiah Wahana Pendidikan Vol 8 No 1 (2022): Jurnal Ilmiah Wahana Pendidikan
Publisher : Peneliti.net

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (262.592 KB) | DOI: 10.5281/zenodo.6575098

Abstract

The condition of health services in Jambi province still needs to be addressed. Many reports from the public, stated that most of the hospitals did not have good service quality. This study focuses on customers, especially outpatients at Baiturrahim Hospital to examine the effect of Customer Relationship Management & Brand Image on Outpatient Satisfaction during the Covid-19 Pandemic (Study at Baiturrahim Hospital Jambi). The research method used is a quantitative type with a descriptive nature by distributing questionnaires to 233 outpatients at the Baiturrahim Hospital during the Covid-19 pandemic in 2020. The distribution of questionnaires uses a Likert scale and is processed using SmartPLS 2.0 software. This research has met the evaluation test of the measurement model and the evaluation of the structural model with valid and reliable results. The biggest influence is the influence of the Customer Relationship Management (CRM) variable on the Customer Satisfaction variable. Then followed by the influence of the Brand Image variable on the Patient Satisfaction variable. The conclusions of this study are (1) there is a significant positive effect of the Customer Relationship Management (CRM) variable on the Patient Satisfaction variable and (2) there is a significant positive effect of the Brand Image variable on the Patient Satisfaction variable
Analysis of Cointegration and VECM of FDI, Labor Force, Government Expenditure and GDP in Indonesia (2005-2019) Danang Indrajaya
International Journal of Economics Development Research (IJEDR) Vol. 2 No. 1 (2021): International Journal of Economics Development Research
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v2i1.265

Abstract

This paper studied the effect of labor force, government expenditure and FDI on GDP of Indonesia (2005-2019) by cointegration analysis and VECM. In the short-term, GDP, labor force and government expenditure significantly affect GDP of Indonesia, while FDI does not significantly affect Indonesia’s GDP. However, in the long term, GDP, labor force, government expenditure and FDI have a significant affect GDP of Indonesia. The government must ensure that there are no shocks in GDP, labor force, government expenditure and FDI of Indonesia. Because any shocks that occur in these variables will also have an impact on the GDP of Indonesia.   Keywords: GDP, Labor Force, FDI, Government Expenditure     
The Effect of Third-Party Funds, Capital Adequacy Ratio, Casa Ratio, Bi Rate, And Inflation Towards The Distribution of Credit Banking in Indonesia Danang Indrajaya; Muji Astuti; Ahmad Maulidizen; Naufal Kurniawan
International Journal of Economics Development Research (IJEDR) Vol. 2 No. 3 (2021): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v2i3.282

Abstract

This research aims to determine the effect of internal and external factors on bank lending. The independent variables analyzed were Third-Party Funds (DPK), Capital Adequacy Ratio (CAR), CASA ratio, BI rates, and inflation. While the dependent variable in this study is bank credit distribution. This research was conducted by taking secondary data through the publication of Bank Indonesia (www.bi.go.id), the Financial Services Authority (www.ojk.go.id), and Bureau Van Dijk (www.orbis.bvdinfo.com). The population in this study are banks listed on the Indonesia Stock Exchange (IDX). A sampling of this study was conducted using the purposive sampling method, which amounted to 15 banks with the largest assets in Indonesia in 2018. The research period used is based on annual banking reports, 2011-2018. This research is a quantitative study using the FEM (Fixed Effect Model) method. The results of this research indicate that the variable of Third-Party Funds, Capital Adequacy Ratios, CASA ratio, and Inflation is significantly effective towards the distribution of credit banking partially. On the other hand, the variable BI rate is not significantly effective to the distribution of credit banking. Meanwhile, DPK, CAR, CASA, BI rates, and inflation simultaneously have a significant effect on the distribution of credit banking.
Analysis of the Effect of Current Ratio, Debt to Equity Ratio, Return on Assets, and Company Size on Derivative Hedging Decision Making in Pharmaceutical Companies Windy Pujana; Dadan Ramdhan; Danang Indrajaya
Enrichment : Journal of Management Vol. 12 No. 4 (2022): October: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (491.322 KB) | DOI: 10.35335/enrichment.v12i4.567

Abstract

This study aims to examine the effect of current ratio, debt to equity ratio, return on assets, and firm size on derivative hedging decision making in pharmaceutical companies listed on IDX 2010-2019. The population of this study is 11 companies. Purposive sampling is used as a sampling technique and obtained 10 companies as samples. The data collection technique is carried out by documentation study of Financial Statements and Notes to the Financial Statements in Annual Report 2010-2019 of each sample company obtained from the IDX website (idx.co.id) and the websites of each sample company. The data analysis technique used is logistic regression. The results of this study indicate that there is no significant effect of current ratio, debt to equity, and return on assets on derivative hedging decision making and there is positive and significant effect of firm size on derivative hedging decision making. Therefore, if firm size (total assets) is relatively higher compared to other pharmaceutical companies, the company should consider doing derivative hedging more because the company is more likely to experience financial distress from the higher exchange rate risk received.
Identification of Factors Affecting the Productivity of Medium Small Micro Enterprises (MSMEs) Danang Indrajaya; Rifqi Humaidi Assiddiqqi Nasution; Leli Deswindi
International Journal of Economics Development Research (IJEDR) Vol. 3 No. 3 (2022): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v3i3.403

Abstract

Economic growth in Indonesia tends to increase because the contribution of MSME growth to GDP is quite large. MSMEs contributed 7,009,283 (in billion rupiah) or equivalent to 59.84% of total GDP in 2016 and in 2017 GDP growth reached 7,704,635.9 (in billion rupiah) or equivalent to 60% of total GDP in Indonesia with a market share absorption of 99%. This study uses a Multiple Criteria Decision Making (MCDM) approach by combining 2 methods, namely the Decision Making Trial and Evaluation Laboratory (DEMATEL) and the Fuzzy Analytic Network Process (FANP). This study supports 3 types of MSME categories based on the standards of the Indonesian Muslim Women Entrepreneurs' Organization (WPMI), namely Basic, Advance and Professional. The results of the application of the Super Decision application to the business environment cluster show that the financial support sub-cluster is a major factor in the productivity of MSMEs at the Basic and Advance levels. Meanwhile, at the Professional level, Regulations and Business Boundaries are the main factors. In the Human Resources cluster, the sub-cluster experience is the main factor at the Basic level. Meanwhile, the education sub-cluster is the main factor at the Advance and Professional levels. In the Production Resources cluster, the marketing distribution sub-cluster is the main factor at the Basic level. Meanwhile, the raw material management sub-cluster is a major factor.
Pelatihan dan Workshop “Yuk Beli Saham Syariah, miliki Indonesia” Sebagai Upaya Meningkatkan Literasi Keuangan Syariah Generasi Muda DKI Jakarta Ahmad Maulidizen; Sujoko Winanto; Danang Indrajaya; Abdul Haris Muchtar; Amriatus Safa’ah; Muhammad Rafiq Thoriq
Society : Jurnal Pengabdian Masyarakat Vol 1, No 5 (2022): September
Publisher : Edumedia Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55824/jpm.v1i5.146

Abstract

This Digital Public Education Event is a series of events from the ESQ Business School Sharia Investment Gallery External Division Work Program. The theme raised was "Yuk Beli Saham, Miliki Indonesia", containing knowledge sharing on investment and the Islamic capital market, technical deepening regarding how to start investing correctly and adequately during a pandemic and how to open an investment account with the support of PT. Indo Premier. Securities. This event was held in November in conjunction with Heroes' Day to raise public awareness to help the country deal with the economic recession. With this event, it is hoped that the spirit and soul of the heroes will become a driving force in helping the country deal with the pandemic's impact on all aspects of life. This event is held online through the Zoom application, presented directly by the presenter, which includes an introduction and initial steps in investing. The expected output is that the participants correctly understand the investment and the capital market. After the event, participants can start opening an investment account at the ESQ Business School Sharia Investment Gallery, which is then directed to follow further education so that they can carry out investment practices properly and correctly. The activity result measure with the survey was carried out, which was distributed via google form to assess the material's content and the presenters' quality. A total of 220 participants and 186 people who filled out respondents with average results were satisfied with the material presented. Suggestions based on this activity are the need for more intense assistance for participants in investing in shares on the Indonesia Stock Exchange so that they can obtain optimal profits