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Structural Determinants of Capital and Corporate Bonds and Their Implications on Yield to Maturity (YTM) and Economic Growth Muhammad Mardiputra, Ilham; Syaiful, Syaiful; Halilintar, Muhamad
Dinasti International Journal of Management Science Vol. 5 No. 6 (2024): Dinasti International Journal of Management Science (July - August 2024)
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijms.v5i6.3175

Abstract

This research is to now the determinant of DER and the implication toward YTM and Economic growth in Banking Sector on The Indonesian Stock Exchange. The research sample is 22 Bond Series which are banking companies listed on the Indonesia Stock Exchange for the 2019-2023 period. Methods of data analysis using panel data regression method. The empirical results of the first model show that Profitability (ROA), Firm Size (SIZE), and Interest Rate (IR) have a positive effect on Capital Structure (DER), while the Exchange Rate (FOREX) has a negative effect. Liquidity (CR) has no effect on DER. All independent variables consisting of; ROA, CR, SIZE, FOREX and IR together significantly influence DER. The goodness-of-fit test as measured by the termination coefficient (R2) shows a coefficient of 0.937202, meaning that the variation in the ups and downs of the DER can be explained by ROA, CR, SIZE, FOREX, and IR of 93.72 percent, while the rest, namely 6.28 percent can be explained by other variables not examined in this research model. For the adjusted coefficient of determination (R2 adjusted) the coefficient is 0.9217. The second model shows that the DER and IR variables have a negative effect on Yield to Maturity (YTM), while the SIZE and FOREX variables have a positive effect. ROA and CR variables have no effect on YTM. All variables DER, ROA, CR, SIZE, IR and FOREX together affect YTM. For the goodness-of-fit test as measured by the termination coefficient (R2) shows a coefficient of 0.6750, which means that the variation in changes in the rise and fall of YTM can be explained by; DER, ROA, CR, SIZE, IR, and FOREX are 63.30 percent, while the remaining 36.70 percent can be explained by other variables outside this research model.
Unlocking Economic Growth: How Market Size, Exchange Rates, And Corruption Shape Foreign Direct Investment Suardi, Soni; Syaiful, Syaiful; Halilintar, Muhamad
Dinasti International Journal of Management Science Vol. 6 No. 1 (2024): Dinasti International Journal of Management Science (September - October 2024)
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijms.v6i1.3478

Abstract

This paper investigates the intricate relationships between market size, exchange rates, inflation, the Corruption Perception Index (CPI), Information and Communication Technology (ICT), and Foreign Direct Investment (FDI) on economic growth. Utilizing a panel data approach, the study analyzes data from Indonesia, China, and Singapore over the period 2019-2023, revealing that larger market sizes significantly attract FDI due to enhanced consumer potential and investment opportunities. Additionally, stable exchange rates are found to be crucial in mitigating risks associated with currency fluctuations, thereby increasing the attractiveness of a country for foreign investors. The findings also indicate that high levels of perceived corruption negatively impact economic growth by undermining governance and investor confidence. While the direct influence of ICT on economic growth was less pronounced, its role in enhancing operational efficiency and market access is acknowledged. The paper concludes with policy recommendations aimed at fostering a conducive investment environment through market expansion, exchange rate stability, anti-corruption measures, and ICT development. These insights contribute to a deeper understanding of the dynamics influencing FDI and provide a framework for policymakers to enhance economic growth in developing countries.
Effect Of Employee Capabilities And Commitments To The Performance Of The Tour And Travel Companies Heriyanto, Heriyanto; Halilintar, Muhamad
Interdiciplinary Journal and Hummanity (INJURITY) Vol. 2 No. 1 (2023): INJURITY: Journal of Interdisciplinary Studies.
Publisher : Pusat Publikasi Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1016.048 KB) | DOI: 10.58631/injurity.v2i1.14

Abstract

This study aims to: (1) analyze the positive and significant effect of the ability and work commitment of employees together on the performance of the company Tour & Travel (Travel Bureau), and (2) analyze the variables that have a dominant influence on the performance of the Tour & Travel Company (Travel Bureau). The analytical method used is Multiple Regression with the F-test and t-test. The results show that: (1). The first hypothesis which states that "the ability and commitment of employees to work together has a positive and significant effect on the performance of the Tour & Travel Company (Travel Bureau)" is accepted as true. This can be seen from the F test which shows the F-count > F-table, and the probability is less than 0.05, and (2). The second hypothesis which states "Among the two variables, the employee commitment variable has the greatest influence on the performance of the Tour & Travel company” is accepted. This can be seen from the highest double partial coefficient (r2) owned by the employee's work commitment variable of 28.0%.