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Journal : JURNAL RELASI STIE MANDALA JEMBER

FAKTOR-FAKTOR PEMBEDA PROFITABILITAS UMKM WARUNG PECEL GARAHAN JEMBER Dwi Perwitasari Wiryaningtyas; Tatang Ary Gumanti; Novi Puspitasari
RELASI : JURNAL EKONOMI Vol 18 (2013)
Publisher : STIE Mandala Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31967/relasi.v18i0.9

Abstract

Micro Small and Medium Enterprise (MSME) is a bussines activity that is able to expand employment and opportunities and very important in the economyof the Nation. MSMEs are expected to reduce the problem of poverty in Indonesia by enhancing the productivity of the poor to increase their income. This research examines the factors that differentiate the profitability of MSMEs of “warung pecel Garahan Jember”. Two groups of factors are examined, namely financial performance and non-financial performance factors. Financial performance factors examined are working capital, debt, cost of production and selling price.Non-financial factors include the level of education, the location, the old establishment, and gender. A total of 31 warung pecel are included in the analysis, and this research start March 2013 until April 2013. Mann-Whitney test analysis is used to analyze the differential factors of profitability MSME “warung pecel Garahan Jember”. Results show that only cost of production is found to be the differentiating factor of profitability of “warung pecel Garahan Jember”. And the other factors like working capital, debt, selling price, level of education, the location, the old establishment and gender are not the differential factor of profitability at “warung pecel Garahan Jember”.
RASIO KEUANGAN DAN PERUBAHAN LABA PERUSAHAAN AGROINDUSTRI DI BURSA EFEK INDONESIA Nindhika Paramawardhani; Tatang Ary Gumanti; Novi Puspitasari
RELASI : JURNAL EKONOMI Vol 19 (2014)
Publisher : STIE Mandala Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31967/relasi.v19i0.40

Abstract

This research is intended to evaluate the relationship between financial ratios and profit change. The financial ratios examined in this study include Current Ratio (CR), Working Capital to Total Asset (WCTA), Debt to Equity Ratio (DER), Current Liability to Inventory (CLI), Operating Income to Total Liabilities (OITL), and Total Asset Turnover (TATO). Profit change is measured as the different between gross profit in year t and year t-1. Sample used in this research is firm in agroindustry sector listed at Indonesia Stock Exchange. The selection ofagroindustry firm is based on the contribution in Indonesia economy. Population of agroindustry company was 21 in which 12 company were selected as the sample. The data cover a period from 2008-2012. The technique of analyses to test the hypotheses was multiple linier regression. The results of this research indicate that Debt to Equity Ratio (DER) and Operating Income to Total Liabilities (OITL) are positive significantly effect profit change, while Current Ratio (CR), Working Capital to Total Asset (WCTA), Current Liability to Inventory (CLI), and Total Asset Turnover (TATO) aren’t significantly effect profit change.
PENGARUH LIKUIDITAS, KUPON, JANGKA WAKTU JATUH TEMPO DAN SUKU BUNGA PASAR TERHADAP HARGA PASAR OBLIGASI BERPERINGKAT RENDAH DAN HARGA PASAR OBLIGASI BERPERINGKAT TINGGI Endri Purnomo; Novi Puspitasari
RELASI : JURNAL EKONOMI Vol 13 No 1 (2017)
Publisher : STIE Mandala Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31967/relasi.v13i1.104

Abstract

This paper aims to determine the effect of liquidity, coupon, maturity and market interest rates on the market price of low rated bonds and the market price of high rated bond. This study conducted on banking companies issuing bonds in the Indonesia Stock Exchange in the period 2011-2015. Low rated bonds taken out of bonds that are rated between A- to CCC as many as 52 sample data, while the high-rated bonds taken out of bonds that are rated AAA and AA + as many as 124 sample data. The method used in this research is multiple linear regression analysis. The results of partial testing showed that liquidity, coupon and maturity of no significant impact on the market price of low rated bonds. The same results were obtained on a partial test in high rated bonds, the liquidity and maturities have no significant impact on the market price of the high rated bond. however, the coupons have a significant effect on the market price of high rated bond. Variable market interest rate can not be processed because the data is constant so as not to do regression testing.
Pengaruh Inflasi, Nilai Tukar, Dan Suku Bunga Terhadap Indeks Harga Saham Gabungan Di Bursa Efek Negara-Negara ASEAN Devi Dwi Wulandari; Novi Puspitasari; Ana Mufida
RELASI : JURNAL EKONOMI Vol 16 No 1 (2020)
Publisher : STIE Mandala Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31967/relasi.v16i1.346

Abstract

The stock market of ASEAN at present has experienced various of development rapidly on one side, but on the other side also extremely vulnerable to influence various changes in macro economy, social, and political in the country and overseas. Macro economy conditions can influence composite stock price index. Indicators of macro economy are chosen in research is inflation, exchange rate, and interest rate. The three is part of the key variables of macro economy that can be used to see the activity of a country’s economy. This research analyzed the influence of third macro economy variables to composite stock price index in five ASEAN countries namely Indonesia, Malaysia, Singapore, Philippines, and Thailand were using analysis multiple linear regression with research’s periode January 2014 up to December 2016. Results showing that partially, only exchange rate which have significant effect on composite stock price index, while inflation and interest rate has no significant effect on composite stock price index. Simultaneously the inflation, exchange rate, and interest rate equally had a significant effect on the composite stock price index, but only able to explain as much as 19,1 %. This research is only use 3 economy variables. Further research is expected to add other variables considered more potential.