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Journal : Jurnal Ilmiah Manajemen Kesatuan

Analisis Pengaruh Kurs Rupiah dan Inflasi Terhadap Net Ekspor Soelehan, Aan; Marpaung, Annaria Magdalena
Jurnal Ilmiah Manajemen Kesatuan Vol 1 No 1 (2013): JIMKES Edisi April 2013
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (123.654 KB) | DOI: 10.37641/jimkes.v1i1.253

Abstract

The purpose of this research is to find out the direct or indirect effect of rupiah exchange rate and inflation on net export. The method used for this research is path analysis method. The independent variable is exchange rate and inflation, while the dependent variable is net export. The intervening variable is gross domestic product (GDP) deflator and foreign exchange reserve. Based on the result of this research, it can be found out the direct effect of exchange rate on foreign exchange reserve and the direct effect of foreign exchange on net export. In another side, there are direct effect of inflation to PDB deflator and PDB deflator to net export. The conclusion yielded shows that there are indirect effect of exchange rate and inflation to net export. Keywords: exchange rate; inflation; GDP deflator; foreign exchange; net export
Antisipasi Rencana Pembayaran Hutang Dagang Melalui Pengukuran Translation Exposure dengan Metode Current Rate dan Penggunaan Forward Contract Hedging Soelehan, Aan; Marpaung, Annaria Magdalena; Dewi K., Shanty
Jurnal Ilmiah Manajemen Kesatuan Vol 1 No 2 (2013): JIMKES Edisi Agustus 2013
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (183.503 KB) | DOI: 10.37641/jimkes.v1i2.261

Abstract

Translation exposure is the exposure of profit and loss balance sheet at a multinational company on nominal exchange rate. The potential of risk translation is used to measure change of foreign currencies exchange rate on domestic currency value of assets and foreign currencies owned by the company. Translation exposure is measured by current rate method and business debt is anticipated by forward contact hedging. The purpose of this research is to find out the risk level of translation exposure by current rate method, the management of current rate method itself, and the management of forward contract to business debt anticipation. The analysis method used is current rate measurement method, forward contract hedging calculation, and relevant variables management. The results show that for current rate measurement at PT Panasia Filament Inti Tbk., viewed from 2005 – 2009, YEN currency has the highest translation exposure percentage value and gets loss in translation exposure; for forward contract hedging calculation, viewed from 2005 – 2009, all currencies namely GBP, EURO, USD, CHF, SGD, and YEN have various profit and loss from forward contract itself. Keywords: translation exposure; current rate method; forward contract hedging; business debt
Analisis Tingkat Resiko Dan Imbal Hasil Saham Terhadap Pembentukan Portofolio Optimal Soelehan, Aan; Yudha, Andi; Chandra, Bella Dian
Jurnal Ilmiah Manajemen Kesatuan Vol 2 No 3 (2014): JIMKES Edisi Desember 2014
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v2i3.802

Abstract

This research is conducted to determine the optimum portfolio and analyze the risks and returns that will be yieldedfrom six shares in selected stocks based on the most stable movements in the last three years. The data used in this study are secondary data obtained from Indonesia Stock Exchange (IDX). The analysis techniques are using formulas in a portfolio started with calculating the risk and returns to determine stocks classified in the optimum portfolio through ERB calculation. In the year 2010, of the six shares researched, there are 4 shares included in optimum portfolios, which are Bank Danamon Indonesia Tbk, with 39.36% portion of investment, United Tractors Tbk with 49.3%, Aneka Tambang (Persero) Tbk with 2.33% and Bank Mandiri (Persero) Tbk with 9.01 %. In the year 2011, there are 3 shares included in the optimum portfolios, which are Perusahaan Gas Negara (Persero) Tbk with 11.95% portions United Tractors Tbk. with 73.80% and Medco Energi Intemasional Tbk with 14.25%. in the year 2012 of the six shares studied only one share has the ERB value > Ci, thus cannot form optimum porfolio due to share member used do not meet the criteria. Keywords: Rate ofReturn, Risk, Optimum Portfolio
PENGARUH VOLUME TRANSAKSI, RESIKO PASAR DAN DEBT TO EQUITY RATIO TERHADAP KEBIJAKAN DIVIDEN Soelehan, Aan; Magdalena, Annaria; Loren, Tirza
Jurnal Ilmiah Manajemen Kesatuan Vol 3 No 2 (2015): JIMKES Edisi Agustus 2015
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v3i2.821

Abstract

This study was conducted to examine the effect of variable transaction volume, market risk and debt-to-equity ratio on the variable dividend policy. The study was conducted at five companies listed on the Stock Exchange in the period 2011-2013 per quarter. The method of research used a sample to the five companies listed on the Stock Exchange in the period 2011-2013. Data obtained by IDX publications 2011-2013. The analysis technique used is multiple regression and hypothesis testing using the t-statisticfor testing the partial regression coeficients and F-statistics for testing simultaneous regression coeficient with a significance level of 5%. From the results of the analysis showed that the volume of transactions pasial variables no significant effect on dividend policy. The results of the analysis of the risk variables significantly negative market partially on dividend policy. The results of the analysis of variable debt to equity ratio is partially significant negative effect on dividend policy. Keywords: transaction volume, market risk, debt to equity ratio and dividend policy.