Iman Lubis
University of Pamulang

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The Influence of Gold Price, World Oil Price, and Unemployment on Inflation Iman Lubis; Arif Surahman; Nani Rusnaeni
Indonesian Financial Review Vol. 3 No. 1 (2023)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

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Abstract

This research examines the gold price, world oil price, and unemployment on inflation The data is from 2002 to 2022. The model are used ARIMA, ARCH, and GARCH. Type of data are time series. Gold price is stationary in data level. World oil price is stationary in first difference. Unemployment is stationary data in second difference. Gold price has not affected on difference inflation. Difference world oil price has not affected on difference inflation. Double difference unemployment has not affected on difference inflation. Gold price, difference oil price, and double difference unemployment have not affected on difference inflation simultaneously.
The Influence of Return On Assets, Current Ratio and Debt To Asset Ratio On Financial Distress at PT Hero Supermarket Tbk Period 2008 to 2022 Aina Salsabila Addira; Iman Lubis
Indonesian Financial Review Vol. 4 No. 1 (2024)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v4i1.32

Abstract

This study aims to determine the effect of Return On Asset, Current Ratio, and Debt to Asset Ratio on Financial Distress Prediction using the Altman Z-Score Model. The research method used is an associative descriptive method with a quantitative approach. Data from the financial statements of PT Hero Supermarket Tbk 2008- 2022. Hypothesis testing using the SPSS v29 program, the results Return On Asset Tcount 2.671> Ttable 2.201 significant level 0.022 <0.05, Current Ratio Tcount -2. 822> Ttable 2.201 significant level 0.017 <0.05, Debt to Asset Ratio Tcount - 3.422> Ttable 2.201 significant level of 0.006 <0.05, obtained the results of Fcount of 6.512> Ftable of 3.59, significant level of 0.009 <0.05. Return On Asset has a significant effect, Current Ratio has a significant negative effect, Debt to Asset Ratio has a significant negative effect. Return On Asset, Current Ratio, and Debt to Asset Ratio effect on Financial Distress simultaneously.
The Effect of Liquidity and Profitability on Firm Value at PT Adhi Karya (SOE) Public Listed Company During 2012–2023 Iman Lubis; Feria Marsha Hena
Indonesian Financial Review Vol. 5 No. 1 (2025)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v5i1.47

Abstract

This study revisits the relevance of liquidity and profitability as financial indicators of firm value in the context of a state-owned enterprise (SOE). Focusing on PT Adhi Karya (Persero) Tbk, a publicly listed construction SOE in Indonesia, the research covers the 2012–2023 period using a longitudinal approach. Liquidity is proxied by the Current Ratio (CR), profitability by Return on Assets (ROA), and firm value by the Price to Earnings Ratio (PER). Data were obtained from audited financial statements and analyzed using multiple linear regression. Results show that CR and ROA have no significant partial or simultaneous effect on PER. These findings suggest that conventional financial ratios may not fully capture market valuation in SOEs, where performance is shaped by both commercial and public-policy objectives. This study contributes to understanding the limitations of traditional valuation models in politically influenced firms.
Strengthening Public Financial Governance through Village Facilitators: Evidence from Village Fund Management in Indonesia Sonny Sonny; Ahmad Syauqi; Iman Lubis
Indonesian Financial Review Vol. 5 No. 2 (2025)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v5i2.148

Abstract

This study examines the role of Village Facilitators in strengthening public financial governance through the implementation of government financial policy in village fund management. Using a qualitative approach based on observations, in-depth interviews, focus group discussions, and document analysis, the study explores how facilitators enhance accountability, transparency, and allocative efficiency in decentralized financial systems. The findings show that Village Facilitators act not only as administrative supervisors but also as strategic intermediaries who translate financial regulations into practical governance mechanisms. Through social mapping, participatory planning, and community organization, they improve financial decision-making and accountability structures. However, challenges such as political dynamics, limited institutional capacity, and uneven digital literacy constrain effectiveness. This study highlights the importance of intermediary actors in linking financial policy and governance outcomes to achieve sustainable and accountable public financial management.