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Analysis of Investor Reactions Comparison to Covid-19 Developments in ASEAN Capital Market Kristanto, Patricia Frenio; Sumanti, Elvis
Jurnal Multidisiplin Madani Vol. 4 No. 7 (2024): July 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/mudima.v4i7.10691

Abstract

The COVID-19 pandemic has had a major impact on various sectors, one of which is the capital market sector. Information and investors' observations of the COVID-19 phenomenon in their countries will encourage different market behavior when compared to the period before the COVID-19 pandemic in various countries. This study aims to examine the effect of the development of COVID-19 from early 2020 to mid-2022 on the ASEAN stock market represented by Indonesia, Malaysia, the Philippines, Singapore, and Thailand. The research design uses a quantitative approach and applies the regression data analysis method using a panel data regression model, using data on changes in COVID-19 cases, stock price index, and daily exchange rates obtained from the official website. Data processing was carried out using the STATA statistical tool. As a result of the research, it was found that each ASEAN country had different investor reactions to developments in COVID-19. This means that not all countries make the development of COVID-19 a factor that investors consider in making investment decisions, and there are other factors that influence investor reactions in the ASEAN capital market during the COVID-19 pandemic period
Accounting Information Systems in Religious Institutions: A Systematic Literature Review Mandagi, Roy; Manopo, Raymond; Sumanti, Elvis Ronald
Jurnal Indonesia Sosial Teknologi Vol. 5 No. 7 (2024): Jurnal Indonesia Sosial Teknologi
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jist.v5i7.1215

Abstract

This systematic literature review examines the design, implementation, and evaluation of accounting information systems (AIS) in religious institutions, focusing on mosques and churches. The review synthesizes findings from English and Bahasa Indonesia sources to identify common themes, challenges, and best practices in AIS development within religious contexts. A comprehensive search strategy was employed, guided by predefined criteria, to select relevant studies published between 2014 and 2024. Key findings highlight the importance of AIS in enhancing financial transparency, accountability, and efficiency in religious organizations. The review also identifies gaps in existing research and provides recommendations for future studies in this area.
Analyzing Global Industry Dynamics Using Porter’s Five Forces And Ratio Analysis Model Waworuntu, Evi Christy; Yasuwito, Merry; Sumanti, Elvis
Jurnal Ekonomi Vol. 13 No. 02 (2024): Jurnal Ekonomi, Edition April - June 2024
Publisher : SEAN Institute

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

Abstract

The importance of financial strategy in facing the ever-changing dynamics of the global market. Referring to Porter's Five Forces concept, this research highlights its influence on industry profitability and a company's ability to compete. The analysis reveals how external factors, such as globalization and technological transformation, impact the strategies and competitive positions of companies in specific industries. Accompanied by case studies, the research emphasizes the interconnectedness between financial analysis and the external environmental dynamics viewed through the lens of Porter's Five Forces. The objective is to identify changes in a company's financial strategy in response to shifts in the business environment and uncover the interactions between Porter's Five Forces factors and financial performance, both at regional and global levels. The study results underscore that the global industry presents high barriers for new entrants due to economies of scale and significant investments made by established companies. Financial ratio analysis also depicts the liquidity, solvency, and profitability of these companies, showcasing varying trends from one company to another. Factors influencing the global industry, such as high entry barriers, strong bargaining power of buyers, and the threat of substitute products, directly impact the financial conditions and profitability of companies. The ability of companies to manage risks and their financial strategies plays a key role in responding to challenges and opportunities in the dynamic business environment.