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Credit Risk-Return Puzzle: Asian Countries Representative Singagerda, Faurani Santi; Suryanto, Tulus; Sudjana, Jesscia Christina
Journal of Accounting and Business Education 2017: JABE: VOL. 2, ISSUE 1, SEPTEMBER 2017
Publisher : Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (671.633 KB) | DOI: 10.26675/jabe.v1i1.9747

Abstract

This  research  investigates  the  presence  of  Credit  Risk-Return  Puzzle  on  Indonesia,  China, Japan and Singapore,  by analyzing  the relationship  between  credit risk and stock return with the utilization of credit ratings from Moody’s to represent credit risk. The data comprises of monthly data from January 2001 to December 2015, compiled in an unbalanced panel and then regressed with the Hausman-Taylor  Estimator  due to the presence  of time-invariant  variables  such as countries  and country classifications within the dataset.The results from this research show that Credit Risk-Return Puzzle exists in both developed and  developing  market for long-term  credit ratings, proven by the negative  relationship  between  stock return and credit ratings. On the other hand Credit Risk-Return Puzzle does not exist in the case of credit rating changes in terms of direction but do show some signs of existence through difference in magnitude,  as  different  reasons  underlying  credit  rating  changes  such  as  leverage  changes  can change the direction of stock price movement. Keywords: credit risk-return puzzle, credit rating announcements, credit risk, impact of rating changes, decoupling-recoupling hypothesis
THE BUSINESS STRATEGY AND SUPPLY CHAIN MANAGEMENT PERFORMANCE IN A TRANSITIONING ECONOMY Santi Singagerda, Faurani; Y. Alfian, Firmansyah; Jatiningrum, Citra; Meliyanti, Meliyanti
International Journal of Supply Chain Management Vol 8, No 4 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

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Abstract

Abstract- In transitioning economy country, doing business in international environment is hard. One of sample is Enove as multinational company focused on energy sectors in Tunisia, whereas the country isfacing political instability, corruption, and emerging economy from arevolutionizing country. The options for them is to either relocate to anothercountry, and practically abandoning their current business or to stay in Tunisia, embracing all factors of advantage and disadvantage. The advantage for Enove inTunisia is that its labor is well trained and has low labor cost. The disadvantagesare that Tunisiaâ??s government is filled with corruption. This study shows after analyzing the SWOT and PESTEL factors of both options, Enove is better off tostay in Tunisia. Enove can still thrive without engaging in corruption and do costcutting by not opening new manufacturing facility, but divide their inventories forboth foreign and domestic customers. Enove should also take the chance ofbecoming Tunisiaâ??s pioneering producer and getting the first moverâ??s advantagethere.
ANALISIS ALIRAN INVESTASI DAN PERDAGANGAN PARIWISATA INDONESIA Faurani I Santi Singagerda; Rina Oktaviani; Dedi Budiman Hakim; Reni Kustiari
Bina Ekonomi Vol. 17 No. 2 (2013)
Publisher : Center for Economic Studies Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (611.385 KB) | DOI: 10.26593/be.v17i2.812.%p

Abstract

Tourism is one of the most significant contributors to the construction sector in Indonesia, with the contribution around 13.9 percent of the total GDP in 2012. In connection with the government's efforts in improving the contribution of tourism in an effort to boost economic growth while improving the welfare of society, then the increase in tourism investment as focus in the development program, the goal for the activities can provide added value as well as lead to increased production that will be produced. If it is known that the average investment for the tourism sector is Rp. 2.73 billion during the period 2006-2012. This figure also shows that the contribution of tourism investment to total investment amounted to only 6 percent (Kemenpraf, 2012), in other words, an investment in the tourism sector has not been able to provide optimal contribution to the national economy development. Based on the fact that some of the problems arising from the government's efforts to boost trade and investment in the tourism sector continues to be done. The determinant factors of the amount of investment and trade from the Indonesian tourism and other countries to be considered and used as the basis of decision-making reference. Similarly, the amount of trade and investment flows to and from outside the State, are also worthy of consideration. To answer the problems, we use the gravity model as methodology and construvt the model of investment and trade of flows which consists of 5 models: the model of the flow of Indonesian tourism investment, exports of goods and services models Indonesian tourism, imports of goods and services model of tourism in Indonesia, Indonesian tourism demand flow model, and the model Indonesian tourism supply. Based on the results of the analysis using the five models were obtained magnitude of investment inflows to Indonesia influenced by the population of the country of origin of tourists and mileage of the country of origin of foreign tourists to Indonesia, where the influence of explanatory variables endogenous variables as a whole is at 0:42 at a significance level of 95 percent. The magnitude of the flow of goods and services exports of Indonesian tourism is affected by the distance variable, price of Indonesian tourism in the country of origin of tourists, exchange rate against foreign currencies origin of tourists, population, tourism and exports of the previous year are variables that significantly affect the confidence level of 95 percent, the magnitude of the effect was 92.7 percent and this shows considerable influence.In the model the flow of goods and services for Indonesian tourism, we use a variable distance, Indonesian GDP, the exchange rate, the price of Indonesian tourism in the countries of origin of tourists and imports of goods and services in the Indonesian tourism previously an influential variable significantly (at 90 percent confidence level), and in general of the statistical results obtained by the relationship between the value of imports of goods and services to the Indonesian tourism is the independent variable by 96 percent. In the model flow of Indonesian tourism demand, the estimation results indicate that the tourism demand variable by independent variables Indonesian GDP, GDP of the country of origin of tourists, tourism for Indonesia, Tourism for the competing countries of ASEAN countries, and tourism consumption by foreign tourists in Indonesia as significant variables in the real level of 0:05 with the magnitude of the effect is at 93.2 percent. Statistically, the result also define there is relationship between magnitude supply of Indonesian tourism deals with variable-GDP Indonesia, Indonesian tourism price, exchange rate, domestic consumption, and consumption in other countries as variables significant (at significance level 0.05) effect on variable deals with the influence of Indonesian tourism amounted to 95.6 percent and the remaining 4.4 percent are influenced by other factors outside of the study such as inflation, interest rates, and investment tourism.
Project Supply Chain Strategizies: A step towards Building Option Syafrida Hafni Sahir; R Rosmawati; Anik Ratnawati; Dwi Ermayanti Susilo; Muprihan thaib; Noer Soetjipto; Faurani Santi Singagerda; Ari Riswanto; Dedi Putra
International Journal of Supply Chain Management Vol 9, No 2 (2020): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (583.329 KB)

Abstract

Abstract— For organization, agencies and governments, the supply chain strategies of capital projects are the source of many challenges. For design, delivery and development as concern with time and money these kinds of projects require a design of resources and chains. This article looks at some of these themes and includes: the need for alignment between supply chain strategy and the project concept; dealing with complexity, in particular the systematic and interrelatedness within project decisions; consideration of the ambiguity implicit in all major projects. Basically it takes many years to design and delivery of a project. The final complete project expected to be useful for several years.
ANALISIS GAYA KEPEMIMPINAN DAN KOMPENSASI TERHADAP KINERJA DOSEN DI SEKOLAH TINGGI ILMU TARBIAH (STIT) PRINGSEWU LAMPUNG Faurani I Santi Singagerda
JURNAL ILMU MANAJEMEN SABURAI Vol 5, No 2 (2019): JURNAL ILMU MANAJEMEN SABURAI
Publisher : Universitas Sang Bumi Ruwa Jurai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24967/jmb.v5i2.669

Abstract

Berlatar belakang masalah tersebut penelitian ini dilakukan untuk mencari pengaruh maupun hubungan-hubungan lain yang akan dianalisis dengan menggunakan pendekatan kualitatif maupun kuantitatif. dengan tujuan untuk menganalisis gaya kepemimpinan, kompensasi dan kinerja dosen Di STIT Pringsewu. Adapun jenis penelitian ini aadalah deskriptif kuantitatif dengan menggunakan teknik populasi dari seluruh dosen STIT pringsewu yang berjumlah 30 orang. hasil penelitian ini menunjukan Variabel (X) dalam hal ini Gaya Kepimimpinan (X1) dan Kompensasi (X2) terhadap variabel (Y) dengan nilai t hitung sebesar - 1,320 untuk gaya kepemimpinan dengan probabilitas sebesar 0,198 kurang dari 0,5, artinya ada pengaruh yang signifikan dan untuk variabel kompensasi dengan t hitung sebesar 3,256 dengan probabilitas 0,003 kurang dari 0,05 yang berarti ada pengaruh yang signifikan antara variabel X terhadap variabel Y. Nilai stimultan terlihat bahwa Fhitung = 7,333 dengan tingkat signifikansi atau probabilitas 0,003 kurang dari 0,05, maka regresi dapat dipakai untuk memprediksi kinerja dosen. Koefisien Determinasi (R2) pada model (1) sebesar 0,352, yang mengandung pengertian bahwa pengaruh variabel bebas (gaya kepemimpinan dan kompensasi) terhadap variabel terikat (Kinerja dosen) adalah sebesar 35% . 
THE POLITICAL ECONOMY OF POVERTY ALLEVIATION PROGRAM faurani santi I singagerda; abshor Marantika
JURNAL ILMU MANAJEMEN SABURAI Vol.1 No.1 2015
Publisher : Universitas Sang Bumi Ruwa Jurai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24967/jmb.v1i1.342

Abstract

The experience from social impacts of the 1997 financial cristis that hit some countries in est and south-east asia, and recent general economic
The Economy of Tourism and Its Impact to Other Sectors in Lampung Province Faurani Santi Singagerda; Linda Septarina
Journal of Indonesian Tourism and Development Studies Vol. 4 No. 3 (2016)
Publisher : Program Pascasarjana

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Abstract

Tourism sector has been identified contribute to the economy of Lampung Province. The study aims to assess the direct and indirect linkage towards economic sectors, analyze the sensitivity of tourism sector distribution, to assess the multiplier effect of dispersion in the tourism sector, and calculate the final demand of tourism sector in the economy of Lampung Province. The results revealed that the score of the forward linkages from the tourism sector in Lampung is relatively small compared to the backward linkage. Both directly and indirectly, the tourism sector is a ‘down stream’ sector of Lampung economy, which the output is directly consumed by final consumers. Therefore if tourism sector is developed, it can pull output that is in the upstream sector.Keywords: development, forward and backward linkages, local economy, multiplier effect, tourism economy. 
CONTAGION EFFECT OF COVID-19 PANDEMIC ON FINANCIAL STOCK MARKET Muhammad Reza Pahlevi; NGUYEN Than Liem; Faurani I Santi Singagerda
Prosiding International conference on Information Technology and Business (ICITB) 2020: INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND BUSINESS (ICITB) 6
Publisher : Proceeding International Conference on Information Technology and Business

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Abstract

This study was able to investigate an interrelationship and the effect of each variable to the affecting variables of Covid-19 Pandemic on The Financial Market Index in The Indonesia Stock Exchange during the coronaviruses pandemic. Using daily Covid-19 was confirmed cases of the United States and China, and Stock Index of the United States, China, and Indonesia over the period from January 1, 2020, to October 30, 2020. The result of this study found that the stock Index responded to the interrelationship because of the Covid-19 pandemic and it was also the stock Index reaction to each other.Keywords   :Covid-19 Pandemic, Pandemic, Financial Market, Stock Index
THE DETERMINANT OF DIGITAL BASED BRAND LOYALTY WITH BRAND LOVE AS MODERATING VARIABLE OF EL’S COFFEE Ketut Sardoni; Faurani Santi Singagerda; Nia Lefiani
Prosiding International conference on Information Technology and Business (ICITB) 2019: INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND BUSINESS (ICITB) 5
Publisher : Proceeding International Conference on Information Technology and Business

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Abstract

The purpose of this study was to determine the effect of Brand Image, Customer Satisfaction, Brand Trust on Brand Loyalty with Brand Love as a moderating variable in El coffee in Bandar Lampung. Problems that take the study of this tends to the development of a brand that is highly influential for the growth of a business to create consumer loyalty so there is no decline. The type of research is using research quantitatively with methods of causal research. The samples in the study are totaled 100 responded by using the formula slovin and using techniques sampling purposive sampling. Research is using the method of analysis of SEM by using application Smart PLS. The hypothesis in the study to determine whether the brand image impact positively on Customer Satisfaction and Brand Trust, Are Customer Satisfaction impact positively on Brand Trust, Are Customer Satisfaction and Brand Trust impact positively on Brand Loyalty, and Customer Satisfaction, Brand Trust and Brand Loyalty influential positive to Brand Love.Keywords: Brand Image, Customer Satisfaction, Brand Trust, Brand Love, and Brand Loyalty.
Long-Short Term Memory Method for Blockchain Ethereum’s Market: The Establishment of ETH 2.0 Merger Firmansyah Yunialfi Alfian; Faurani Santi Singagerda; Riko Herwanto
International Journal of Artificial Intelligence Research Vol 6, No 1.1 (2022)
Publisher : International Journal of Artificial Intelligence Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29099/ijair.v6i1.429

Abstract

Objective of research to identify the application of LSTM on Ethereum predictions based on blockchain data and information.  The study is an experimental study using the Long Short Term Memory (LSTM) method to predict blockchain information on the Ethereum market.  The method is a development of Recurrent Neural Network (RNN) and Artificial Neural Network (ANN), and required several precise parameters to produce accurate predictions.The study analyzed several parameters such as the number of neurons in the hidden layer and the most appropriate max epoch to use.  The results of the analysis show that using neurons 50 and max epoch 500 are able to predict ethereum prices using blockchain information well, seen from a very small error, namely MAPE of 1.69% with the highest price predictions occurring throughout the middle of 2021 as an effect of changes in the technology system, which is used which previously applied proof of work (mining) to proof of stake (validator) on the current ETH 2.0 technology, as a result there was a decrease in the supply of coins that was currently happening