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The Relationship Between Macroeconomic Variables and Employment Opportunities in Urban Areas Anshar, Muhammad Ashary; Sulkipli, Sulkipli; Hamdat, Aminuddin; Fauziah, Fauziah
Vifada Management and Social Sciences Vol. 3 No. 2 (2025): July - December
Publisher : Yayasan Vifada Cendikia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70184/555mpm37

Abstract

Purpose: This study aims to analyze the impact of wage levels, inflation, economic growth, and investment on employment opportunities in Makassar, thereby providing an empirical understanding of the key factors influencing labor market dynamics in the region. Research Design and Methodology: This study employs a quantitative approach using multiple linear regression. Secondary data were obtained from the Central Statistics Agency (BPS) of Makassar City, covering ten years. The analysis involved a series of classical assumption tests and regression coefficient estimations to examine the effect of each independent variable on employment opportunities. Findings and Discussion: The results of the study indicate that wage levels have a significant negative effect on employment opportunities, meaning that wage increases tend to reduce labor absorption. Inflation does not have a significant effect on employment opportunities. Economic growth has been shown to have a significant positive effect, meaning that increased economic activity drives job creation. Meanwhile, the level of investment does not have a significant effect, indicating that current investment is not yet fully oriented toward labor-intensive sectors. Implications: These findings guide local governments in formulating balanced wage strategies, maintaining price stability, promoting inclusive economic growth, and directing investment toward productive sectors that expand employment opportunities.
Value Creation-Based Financial Performance, Factors Macroeconomics and its Influence on Stock Returns Agricultural Sector Sujatmiko Sujatmiko; Moh Hatta; Nurdwiana Sari Saudi; Al Kausar Al Kausar; Muh Ashary Anshar
Jurnal Penelitian Pendidikan IPA Vol 9 No SpecialIssue (2023): UNRAM journals and research based on science education, science applic
Publisher : Postgraduate, University of Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/jppipa.v9iSpecialIssue.6241

Abstract

The primary performance metric used by investors to evaluate the efficiency of capital investments is stock return. After the mining industry, the agricultural sector's stock price index volatility from 2015 to 2021 produced the second-lowest annualized return. Businesses can generate corporate value that is closely tied to stock returns by utilizing value creation-based performance analysis (EVA, MVA, Q-Tobin). Furthermore, stock returns may also be impacted by outside variables. The objectives of this study are to: (1) examine the financial performance of agricultural companies using Q-Tobin, MVA, and EVA; (2) examine the relationship between Q-Tobin, MVA, and EVA and macroeconomic factors (exchange rates and inflation) on stock returns in the agricultural sector; and (3) draw managerial conclusions from the analysis's findings. Eight companies in the agricultural sector that were listed on the Indonesia Stock Exchange prior to 2015 provided the data. In order to ascertain the impact of macroeconomic variables, EVA, MVA, Q-Tobi, and panel data on stock returns, this study used descriptive analysis to evaluate the EVA, MVA, and Q-Tobi of each firm. The majority of the enterprises had negative EVAs, according to the results. However, the MVA study reveals that most businesses achieve positive MVA. The majority of the companies produce a value of q<1, according to the Q-Tobin data. Only the MVARET and Q-Tobin RET variables significantly improve stock returns, according to the REM analysis. Exchange rates, inflation, EVARET, and fictitious crises don't significantly affect stock returns.