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All Journal Proceeding National Conference Business, Management, and Accounting (NCBMA) Jurnal Ilmiah Multidisiplin Indonesia Proceeding of International Conference on Entrepreneurship (IConEnt) Jurnal Penelitian Akuntansi
Valentino Budhidharma
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Agriculture, Biological Sciences & Forestry Computer Science & IT Earth & Planetary Sciences Economics, Econometrics & Finance Engineering Physics Social Sciences

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PENGARUH FAKTOR-FAKTOR FINANCIAL DAN EKONOMI TERHADAP HARGA MINYAK KELAPA SAWIT DI INDONESIA [IMPACT OF FINANCIAL AND ECONOMIC FACTORS TO PALM OIL PRICE IN INDONESIA] Valentino Budhidharma
Jurnal Penelitian Akuntansi (JPA) Vol 1, No 2 (2020): Oktober
Publisher : Universitas Pelita Harapan

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Abstract

AbstrakDalam investasi saham, salah satu tantangan terbesar adalah untuk menganalisa dan memprediksi saham-saham yang berhubungan dengan harga minyak kelapa sawit. Ada banyak ketidakpastian di dunia, yang menyebabkan prediksi harga dari minyak kelapa sawit mentah dan performa dari saham-saham yang berhubungan, menjadi sulit. Tujuan dari penelitian ini adalah menguji hubungan antara harga minyak kelapa sawit dengan finansial dan ekonomi di Indonesia. Hasil penelitian menunjukkan bahwa minyak kelapa sawit cocok dijadikan variable tak bebas. Hasil lain menunjukkan bahwa adanya hubungan positif jangka panjang antara harga minyak kelapa sawit dengan import dan indeks Dow Jones, dan hubungan negatif jangka panjang antara harga minyak kelapa sawit dengan export, nilai tukar mata uang, IHSG, dan harga minyak bumi mentah. Selain itu, indeks USD dan volume perdagangan IHSG tidak mempunyai hubungan di model, sehingga kedua variable ini dihilangkan.Kata kunci: Minyak kelapa sawit, VECM, faktor makro ekonomi AbstractIn stock investing, one of the biggest challenges is to zanalyze and predict stocks related to palm oil price. There are many uncertainties in market, which cause the price prediction of crude palm oil and (CPO) and the performance of related stocks, are hard. The purpose of this paper is to test the association of palm oil price with the financial and economic in Indonesia. The result shows that palm oil is good for the dependent variable. Another finding indicates that palm oil price has a long-term positive association with import and Dow Jones index, and negative association with export, currency exchange, IHSG, and crude oil price. On the other hand, the USD index and IHSG Trading Volume have no relation in the model, then these two variables are excluded.Keywords: Palm Oil, VECM, Macroeconomic factors
The Role of Intellectual Capital Structure in the Diversification of the Indonesian Banking Sector From 2011-2022 Sean Michael Gunawan; Valentino Budhidharma
Proceedings of the International Conference on Entrepreneurship (IConEnt) Vol. 4 (2024): Proceedings of the 4th International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

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This thesis investigates the impact of intellectual resources on the variety approaches of financial institutions listed on the Indonesian region Stock Exchange from 2011 to 2022, within the Indonesian region's rapidly evolving financial institution sector. Utilizing panel regression analysis and Driscoll-Kraay Standard Errors to address issues like heteroscedasticity and autocorrelation, the analysis finds that structural capital effectiveness enhances asset variety, while higher capital utilized effectiveness leads to reduced income variety, suggesting an optimization of income-generating assets. Additionally, financial leverage correlates with asset variety, indicating strategic debt usage in variety efforts. Interestingly, factors such as financial institution size and competition show no significant impact, reflecting the complex nature of strategic decisions in financial institution. This investigation enriches understanding of how financial institutions in emerging markets use internal efficiencies and strategic choices to navigate market dynamics, offering valuable insights for financial managers on capital structure and variety approaches in competitive environments.
PENGARUH STRUKTUR MODAL TERHADAP PROFITABILITAS PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2011-2023 Auliya Mutiara Putri; Valentino Budhidharma
Proceeding National Conference Business, Management, and Accounting (NCBMA) 8th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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Penelitian ini menganalisis pengaruh struktur modal terhadap profitabilitas perbankan di Indonesia yang terdaftar di Bursa Efek Indonesia periode 2011 – 2023. Penelitian ini dilakukan dengan menguji hipotesis yang menjelaskan hubungan antara struktur modal dan profitabilitas. Teknik penelitian menggunakan regresi panel data dengan struktur modal diproyeksikan menggunakan utang jangka pendek, ukuran bank, likuiditas, efisiensi operasional, risiko kredit, dan produktivitas karyawan sedangkan profitabilitas diproyeksikan menggunakan ROA dan NIMA. Hasil penelitian menunjukkan bahwa utang jangka pendek dan produktivitas karyawan berpengaruh positif signifikan terhadap ROA dan NIMA.
Exploring Proxies of Bank Profitability in Indonesia from 2012 to 2023 Vania Kusuma; Valentino Budhidharma
Jurnal Ilmiah Multidisiplin Indonesia (JIM-ID) Vol. 4 No. 04 (2025): Jurnal Ilmiah Multidisiplin Indonesia (JIM-ID), April 2025
Publisher : Sean Institute

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This study analyzes the factors affecting bank profitability in Indonesia during 2012–2023 using quarterly data from 50 banks listed on the Indonesia Stock Exchange. Bank profitability is calculated by Return on Assets (ROA) and Return on Equity (ROE), with explanatory variables including capital adequacy ratios (CAR) measured by total capital to total assets (TCTA) and total capital to risk weighted assets (TCRWA), equity ratios (EQTA), cost-to-income ratios (CIR), debt-to-equity ratios (DER), bank size (SIZE), and non-performing loans (NPL). Panel regression shows that CAR, EQTA, and DER are insignificant, while CIR, SIZE, and NPL negatively affect profitability. Machine learning techniques (Random Forest and XGBoost) confirm CIR, NPL, and SIZE as key factors. The findings highlight the importance of operational efficiency and credit risk management for improving bank profitability, offering insights for managers and policymakers.
The Influence of Macroeconomics on GDP Growth Gerald Nikki Tiendy; Valentino Budhidharma
Proceedings of the International Conference on Entrepreneurship (IConEnt) Vol. 5 (2025): Proceedings of the 5th International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

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This study investigates the relationship between macroeconomic factors and GDP Growth, with a focus on their collective impact on GDP growth across 185 countries from 2001 to 2022. Utilizing a panel data approach, this research explores how variables such as Aggregate Effective Tax Rate (AETR), Statutory Tax Rate (STR), Employment Growth (EG), Population (P), Control of Corruption (COC), and Tax Visit (TV) affect economic performance. The Fixed Effects Model is selected as the most appropriate estimation technique based on Chow and Hausman tests. The results reveal that AETR, EG, and P have significant positive effects on GDP growth, indicating that effective tax collection, labor expansion, and demographic growth are key drivers of macroeconomic performance. In contrast, STR, COC, and TV are found to have no statistically significant influence. Furthermore, Random Forest analysis identifies Population, Employment Growth, and Control of Corruption as the most important predictors, while model refinement shows that excluding the TV variable improves explanatory power. These findings suggest that tax policy effectiveness relies more on enforcement and demographic support than on nominal tax rates alone. The study offers insights for policymakers to design tax systems that align with broader economic goals and institutional capacities.
Co-Authors Auliya Mutiara Putri Gerald Nikki Tiendy Sean Michael Gunawan Vania Kusuma