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KONDISI MAKROEKONOMI SEBAGAI FAKTOR YANG MEMPENGARUHI NERACA TRANSAKSI BERJALAN PERIODE 1999-2016 Erric Wijaya
Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan, dan Akuntansi Vol 11 No 1 (2019)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ekspansi.v11i1.1247

Abstract

This study discusses the current account and itsinfluencing factors. The factors influencing the current account are macroeconomic factors, including national income (GDP), inflation, interest rate (SBI), and exchange rate.The period of this study starts from 1999 - 2016 using annual data. This study looks at the short-term and long-term effects of macroeconomic factors that affect the current account balance. The research model of this study was using cointegration test and Error Correction Model (ECM).The results showed that in the long run, the macroeconomic variables of national income (GDP) and inflation significantly influenced the current account balance. While in the short term, macroeconomic variables inflation and exchange rate significantly influenced the current account balance. Thusit can be concluded that, the inflation variable is the main macroeconomic variable that influenced the current account balance in the long term and in the short term. Keywords: current account, national income, SBI, inflation, exchange rate
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI FINANCIAL BEHAVIOR (STUDI KASUS PENGGUNA E-WALLET) Nadia Nada; Erric Wijaya
Ekonomi dan Bisnis Vol 8, No 2 (2021): EKONOMI DAN BISNIS
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35590/jeb.v8i2.3315

Abstract

Era modern pada masa kini menunjukkan perkembangan dan inovasi dalam ranah teknologi sehingga menimbulkan banyak kemudahan yang ditawarkan, salah satunya kemudahan dalam bertransaksi ekonomi. Dompet elektronik (e-wallet) merupakan salah satu bukti perubahan dalam sistem pembayaran yang semakin beradaptasi dengan perkembangan teknologi. Penggunaan e-wallet menimbulkan kemungkinan meningkatnya sifat konsumtif masyarakat usia produktif, terkhususnya Alumni STIE Indonesia Banking School. Financial Behavior pada sekarang menjadi perhatian yang harus dipertimbangkan, karena seseorang dengan Financial Behavior yang bertanggung jawab akan melindunginya dari kegagaln dalam mengelola uang. Penelitian ini bertujuan untuk menguji hubungan antara Financial Knowledge dan Financial Attitude terhadap Financial Behavior baik secara langsung maupun melalui Internal Locus of Control sebagai variabel mediasi. Sampel terdiri dari 151 Alumni STIE Indonesia Banking School Angkatan 2004-2016, dimana dalam pemilihan sampel penerapan teknik purposive sampling digunakan. Model analisis data adalah Structural Equation Modelling pada aplikasi Smart PLS 3.0. Ditemukan adanya pengaruh yang signifikan dan positif antara Financial Knowledge dan Financial Attitude terhadap Financial Behavior baik secara langsung maupun melalui Internal Locus of Control, sifat mediasi pada penelitian ini adalah mediasi sebagian.Kata Kunci : Internal Locus of Control, Financial Behavior, Financial Knowledge, dan Financial Attitude
Stocks Investment Decision Making Capital Asset Pricing Model (CAPM) Erric Wijaya, Alecia Ferrari
Jurnal Manajemen Vol. 24 No. 1 (2020): February 2020
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jm.v24i1.621

Abstract

Investment in the capital market generally has a higher rate of return compared to investing in the financial market. Investors sometimes get difficulty in determining which stocks will produce a large return with a small risk. The method used to describe the application of CAPM in this research is done by grouping the efficient, yet inefficient stocks of the banking sector based on the CAPM method. The method in the sample selection was a purposive sample method and obtained 40 banking sector companies listed on the Indonesia Stock Exchange (IDX) during the period of August 2016 - July 2018. The results of this study indicate that there are 31 efficient stocks out of 40 stocks in banking sector. It can be seen that there are 31 banking stocks with a positive average rate of returns and 9 banking stocks with a negative average rate of returns. Meanwhile, the implication of this study is that banking sector shares have efficient shares, since the average rate of return is higher than the expected returns.
Pengaruh Faktor Internal dan Eksternal Terhadap Return Saham Perusahaan Makanan dan Minuman di Bursa Efek Indonesia Periode 2008–2011 Erric Wijaya; Tinjung Desy Nursanti
Jurnal Ilmu Manajemen & Ekonomika Vol 6, No 2 (2014): Jurnal Ilmu Manajemen dan Ekonomika, Volume 6 No. 2, Juni 2014
Publisher : Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (579.869 KB) | DOI: 10.35384/jime.v6i2.137

Abstract

This study aims to look at the impact of internal and external factors to the stock return of food and beverage companies listed in the Indonesia Stock Exchange 2008 to 2011 period. The method used is the regression equation analysis of panel data using a common effect type.The results show that the internal factors such current ratio, debt to equity ratio and return on assets showed a positive and significant influence on the company's stock return of food and beverage industry in the BEI. While external factors namely SBI interest rate and economic growth showed a different result, where the SBI interest rate has a negative and significant relationship to the company's stock return, while economic growth has no significant negative relationship to the stock returns.
Ownership Structure and Corporate Governance as The Affecting Factors of Liquidity Policy in Consumption Goods Industry Sector Companies in Indonesian Stock Exchange Erric Wijaya; Dita Noviany
Jurnal Ilmu Manajemen & Ekonomika Vol 9, No 2 (2017): Jurnal Ilmu Manajemen & Ekonomika Vol. 9, No. 2, June 2017
Publisher : Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (447.898 KB) | DOI: 10.35384/jime.v9i2.31

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This study discusses the influence of ownership structure and corporate governance as affecting factors to liquidity policy in consumer goods industry sector of companies listed in Indonesia Stock Exchange. The dependent variable in this research is liquidity policy which can be proxied with cash holdings, while the independent variables in this research are: ownership structure that can be proxy by insider ownership and foreign ownership, and corporate governance which can be proxy by with variable board size and board composition, firm size and growth sales as a variable control. This research uses multiple linear regression method with panel data approach. The sample used 21 companies in manufacturing industry which classified into consumer goods sector during the period 2012-2015. The result of the research shows that the variable of ownership structure is only variable insider ownership which has influence to cash holding. While from the corporate governance variable, it is only board size that affect cash holding. The value of adjusted R squared in this study amounted to 92.6%.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI OUTSTANDING KREDIT UMUM PEDESAAAN (KUPEDES) PT BANK RAKYAT INDONESIA (PERSERO), TBK Erric Wijaya; Kesuma wardhani
Media Ekonomi Vol. 18 No. 1 (2010)
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (352.612 KB) | DOI: 10.25105/me.v18i1.9

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Most businesses in Indonesia are Micro, Small, and Medium Enterprises (MSME). MSMEhave a significant role on the economy. In banking sector, the credit financing in MSMEgives many benefits. This evidence pushes the demand of micro banking market. Fromthe moment it’s established, BRI who has a business focus in MSME through creditfinancing program which is Kupedes, should know the important factor that have to bemaintain to keep the growth of its credit finance. This research uses a multiple linearregression analysis to determine the influence of independent variables on dependentvariable. Independent variables in this research represented by Kupedes interest rate,Gross Domestic Product (GDP), number of BRI Units, and Kredit Usaha Rakyat (KUR)Program, while the dependent variable is reflected by outstanding Kupedes. The results ofthis study indicates that Kupedes interest rate, Gross Domestic Product (GDP), number ofBRI Units, and KUR program have significant influence on outstanding Kupedessimultaneously. In addition, Kupedes interest rate, GDP, and number of BRI Units alsohave significant influence on outstanding Kupedes partially, while KUR program has nosignificant influence on outstanding Kupedes partially.
Faktor Fundamental Internal dan Eksternal Common Stock Market Prices Sektor Konstruksi dan Properti Periode 2013 – 2017 Erric Wijaya; Tiqisha Putri Fadillah; Kania Nastiti Krisnandya; Fahreza Putranda; Sarah Hani Mahdiyah
Jurnal Keuangan dan Perbankan Vol 15, No 1 (2018): Jurnal Keuangan Dan Perbankan, Volume 15 No. 1, Desember 2018
Publisher : STIE Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (543.178 KB) | DOI: 10.35384/jkp.v15i1.162

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This study examines the effect of Earnings per Share (EPS), Dividend per Share (DPS), and Book Value per Share (BVPS) and the influence of Gross Domestic Products (GDP) on stock market prices in Indone-sia Stock Exchange (IDX). All construction and property sector companies are consistently listed on the BEI and publish annual reports during the observation period (2013-2017) included in this study. In addi-tion, all data used for analysis is available ie EPS, DPS, BVPS. As a result, there are only 10 companies listed on the Indonesia Stock Exchange (IDX). Four hypotheses are under consideration in this study. Mul-tiple regression methods were used in this study, the correlation method used to support the findings. This study found significant influence of EPS, DPS, GDP on stock market price in Indonesian Stock Exchange (IDX).
Pengaruh Kepemilikan Keluarga terhadap Kinerja Perusahaan Studi Empiris Perusahaan di Bursa Efek Indonesia Tahun 2011 Isma Arief Dharmawan; Erric Wijaya
Jurnal Keuangan dan Perbankan Vol 10, No 2 (2014): Jurnal Keuangan dan Perbankan, Vol. 10, No.2, Juni 2014
Publisher : STIE Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (334.361 KB) | DOI: 10.35384/jkp.v10i2.176

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This research on the influence of family’s ownership structure towards company’s performance. On this research, company’s performance uses two proxies, which are Return on Assets for measuring company’s operational performance and Tobins Q for measuring company’s market performance. Family’s ownership is presented by dummy variable. The samples for this research are amounting 364 non financial companies which are listed on Indonesia Stock Exchange on 2011. Those samples were designated by using purposive sampling method and were preceded by using multiple regression. Based on this research, it has shown that company with family’s ownership structure had not given any significant influence towards company’s operational performance (ROA). However, company with family’s ownership influences the company’s market performance negatively (Tobins Q).
Analisa Faktor-Faktor Makroekonomi Terhadap Kinerja Investasi Saham Periode 2010 – 2012 Erric Wijaya
Jurnal Keuangan dan Perbankan Vol 11, No 2 (2015): Jurnal Keuangan dan Perbankan, Volume 11 No. 2, Juni 2015
Publisher : STIE Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (559.221 KB) | DOI: 10.35384/jkp.v11i2.182

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This study discusses the macroeconomic effect on the performance of mutual fund shares. Macroeconomic variables used are economic growth, inflation, bank interest rates, and exchange rates, while the performance of mutual fund shares calculated using the Sharpe ratio. This study uses the data in the form of panel data with quarterly time series ranging between 2010-2012. The equation used is multiple regression equation Ordinary Least Square (OLS). After performing the classical assumption, and normality of the data, the results of the study showed that partially there are significant macroeconomic variables consist of exchange rate, inflation, and economic growth that influence the performance of mutual fund shares quarterly in period 2010-2012. While the bank's interest rate variable has no significant effect on the performance of mutual fund shares. However, the macroeconomic variables affect the performance of mutual fund shares simultaneously. Therefore the ultimate findings of this study is that macroeconomic variables only affect the performance of mutual funds in the amount of 35.3%, while the remaining 64.7% is influenced by other factors, especially the internal factors of mutual fund shares
Determinasi Faktor-faktor Keputusan Hedging dengan Instrumen Derivatif pada Perusahaan Manufaktur Anindya Anggun Larasati; Erric Wijaya
Jurnal Bisnis dan Manajemen Vol 9, No 2 (2022): Jurnal Bisnis dan Manajemen Volume 9 Nomor 2 Tahun 2022
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jbm.v9i2.8853

Abstract

This study was conducted to determine the effect of independent variables used such as leverage, liquidity, growth opportunity, firm size, and financial distress on hedging decisions with derivative instruments in manufacturing companies on the IDX for the 2017-2021 period. The data used is secondary data downloaded from the Indonesia Stock Exchange website and the company's official website in the research sample. In selecting the sample, this study used a purposive sampling technique. The sample used was 47 manufacturing companies listed on the IDX for the 2017-2021 period. Logistic regression analysis was used in this study to test the hypothesis of each variable used. The test results show that the variables of leverage, growth opportunity, and firm size have a positive influence on hedging decisions with derivative instruments, and financial distress has a negative influence on hedging decisions with derivative instruments, while liquidity has no effect on hedging decisions with derivative instruments.