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Journal : Jurnal Ekonomi

THE EFFECT OF WORLD OIL PRICE, INFLATION, TANGIBILITY, PROFITABILITY ON LEVERAGE OF THE JAKARTA ISLAMIC INDEX COMPANY LISTING Ronaldo Sihombing; Friska Novi Limbong; Justin Novanta Kristian Zai; Dwita Sakuntala; Manda Dwipayani Bhastary
Jurnal Ekonomi Vol. 12 No. 3 (2023): Jurnal Ekonomi, 2023, September
Publisher : SEAN Institute

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Abstract

The aim of the research is to identify how the influence of world oil prices, inflation, tangibility, profitability on the leverage of the Jakarta Islamic Index listing companies. 49 companies listed on the Jakarta Islamic Index (JII) from 2015-2019. Purposive sampling as the method applied to select samples, and 7 of these companies met the criteria. The research used a quantitative approach. Applying multiple linear regression analysis as an analytical technique. The leverage of the companies listed on the Jakarta Islamic Index is simultaneously influenced by world oil prices, inflation, tangibility and profitability. The findings of this study where world oil prices, inflation, tangibility, profitability partially have no effect on the leverage of the Jakarta Islamic Index listing companies.
MACROECONOMIC UNCERTAINTY AND GREEN STOCK MARKET ON ECONOMIC GROWTH IN INDONESIA Arsyaf Tampubolon; Eka Martyna Theodora; Anggiat Sinaga; Dwita Sakuntala
Jurnal Ekonomi Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023
Publisher : SEAN Institute

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This study was conducted to be able to analyze factors that can affect economic growth in Indonesia. The dependent variable used in this study is economic growth and the dependent variables are BI policy rates, FED policy rates, world oil, exchange rates and green stock markets. The research was conducted in Indonesia with the data taken is the period from 2010 to 2022. The data source used is secondary data by taking data from the Indonesian Central Bureau of Statistics, and Bank Indonesia. Data analysis uses the help of e-views software by conducting multiple regression analysis tests. The results of this study apparently prove that the variables of BI policy rates, FED policy rates and exchange rates affect economic growth in Indonesia, while world oil, and the green stock market have no effect on economic growth in Indonesia.
International Currency in Support Global Economic Growth Selfia Putri Johana Eka Ningsih Simatupang; Lola Irmayunda; Isyahruna Primadani; Dwita Sakuntala
Jurnal Ekonomi Vol. 14 No. 01 (2025): Edition 2025
Publisher : SEAN Institute

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This article explore role strategic international currency in support growth global economy, with focus on stability economy, investment cross- country, and trade international. Research This use approach qualitative through analysis literature For identify How currencies such as US dollar, euro and Chinese yuan influence dynamics global economy. Research results show that stability mark international currency No only increase market confidence but also facilitate more transactions efficient. In addition, the transformation digitalization currency and effort dedollarization add complexity in use international currency. Findings This expected give outlook for maker policies and market players to utilise potential international currency in create system more finances inclusive and sustainable.
The Impact Of Digitalization On Financial System Stability: Opportunities And Challenges Selfia Putri Johana Eka Ningsih Simatupang; Vina Ramadhani Siregar; Imelda Krisdamayanti; Najma Azhira Lubis; Yolanda Widya Anggreni Situmorang; Dwita Sakuntala
Jurnal Ekonomi Vol. 14 No. 01 (2025): Edition 2025
Publisher : SEAN Institute

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Abstract

Digitalization has brought significant changes in various aspects of life, including the global financial system. This study aiming to analyze the impact of digitalization on the stability of the financial system by highlighting the opportunities and challenges that arise. This research method uses a qualitative approach with literature analysis from various international journals. The results of the study show that digitalization creates opportunities such as increased efficiency, financial inclusion, and transparency, but also presents challenges such US cyber risk, regulatory uncertainty, and market volatility. This study provides relevant insights for policy makers and financial industry players in facing the digital era. This study is expected to be a reference for understanding the role of digitalization in maintaining financial system stability.
The Impact Of Exchange Rate, Inflation And Interest Rates On Indonesian Mining Product Exports Arsyaf Tampubolon; Amin Hou; Dwita Sakuntala
Jurnal Ekonomi Vol. 13 No. 03 (2024): Jurnal Ekonomi, Edition July -September 2024
Publisher : SEAN Institute

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Abstract

Exports of mining products generate substantial state revenue through export duties and taxes. This income can be used to finance national development in various fields such as infrastructure, education and health. Apart from that, mining products contribute to strengthening Indonesia's foreign exchange reserves, which in turn helps maintain macroeconomic stability. This research was conducted to analyze factors that could influence the growth of exports of Indonesian mining products. The dependent variable used in this research is the value of mining exports and the dependent variables are the dollar exchange rate, inflation rate and interest rates. The research was conducted in Indonesia with data taken for the period from 2010 to 2023. The data sources used were secondary data obtained from the Indonesian Central Bureau of Statistics and Bank Indonesia. Data analysis uses the help of e-views software by carrying out multiple regression analysis tests. The results of this research prove that inflation and interest rate variables influence exports of Indonesian mining products. The exchange rate has no effect on exports of mining products in Indonesia.
From Stability To Volatility: The Asymmetric Effects Of Macroeconomic Factors On Indonesia's Sustainable Stocks Sakuntala, Dwita; Theodora, Eka Martyna; Hou , Amin; Tampubolon, Arsyaf
Jurnal Ekonomi Vol. 13 No. 04 (2024): Edition October -December 2024
Publisher : SEAN Institute

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Abstract

SRI and Sharia stocks in Indonesia are part of the green assets that have outperformed other stocks. However, they are also volatile and vulnerable to shocks. This study examines the asymmetric effects of macroeconomic uncertainty-specifically domestic interest rates, global uncertainty, and domestic exchange rates-together with environmental degradation factors on the SRI and Sharia stock markets in Indonesia. The findings show that exchange rate asymmetry significantly impacts the SRI and Shariah stock markets, as evidenced by the sizable coefficients. In the SRI stock market, positive exchange rate shocks are found to have a negative impact in both the short and long run. In contrast, in the Islamic stock market, the effect of positive exchange rate shocks is only seen in the short run. This evidence suggests that an increase in positive exchange rate shocks will lead to a decline in both the SRI and Islamic stock markets. When the domestic exchange rate appreciates, Indonesian exports become more expensive in the international market, thus reducing the competitiveness of firms in export-dependent markets, which then affects their stock prices. Moreover, in the long run, negative shocks related to global uncertainty negatively impact the Islamic stock market. This finding indicates that when the global economic environment deteriorates and overseas investments are perceived as risky, domestic investors-especially those who are risk averse-tend to shift their investments to domestic Islamic assets, which they perceive as more reliable.
Co-Authors Addnan Nur Nasution Ade Alison Adela Nursafira Adinda Arafah Afiq Yasfa Assaumi Ritonga Afriza Ulfa Ritonga Agustina, Maulidar Alfarizi Amin Hou Andreas Fourtunando Simanjuntak Andria Zulfa Annisa Syafriani Aqil Muhammad Hsb Arsyaf Tampubolon Aryani, Yuli Aurelia, Gabrella Bagus Hermansyah Barus , Muhammad Arif Bernice Erin Buulolo, Elisabet Mariani Catherine Michelle Samsul Chani Dinayu Cheong Shiau Wie Christin Kacaribu Christina Simanjuntak Christine Junita Daryan Muhsin Hadi Batubara Daulay, Nadia Nurhaliza Dayu Rizki Nurhamda Dea Dellia Debora Natalia Hutagalung Devi ana Sinaga Dhita Adriani Rangkuti Dinda, Lidyana Dini, Siti Dio Pranata Ditiya Puspita Dwi Ananda Eka Martyna Theodora Erinta Sijabat - Fadillah, Rizka Faisal Aqasah Farhan Kaustari Fadia Fauzan Pratama, Muhammad Febti Latreia Missi - Feryanda Feryanda Firdan Fitriani Tobing Fransisca Gozelia Boelova Friska Novi Limbong Helvionita Br Sitepu Hendy Hendy Herosian, Mila Yulia Hizri Al Husein Hutagaol, Lambok Hutri Panjaitan Imelda Krisdamayanti Indah Khairunnisa Sihotang Indaniaty Hasanah Sari Ira Santika Sinaga Iratania, Dian Isyahruna Primadani Jholant B. L Amelia Br. Sinaga Jimmy Kuo July Meliza Justin Novanta Kristian Zai Kelvien Kelvien Kelvin Kosasih Kevin Bambang Setiawan Khairul Akhyar Khairullah, Aulia Khayriza Sinambela Komeel Karisma Kurniawan S., Amri Darma Laia, Sarifin Lambok Hutagaol Lia Nazliana Nasution Lia Nazliana Nasution Lilis Apriyaningsih Lola Irmayunda Lumban Gaol, Sri Futrica Luthfi Hidayat Siregar M Rizky Audiva M. Daffa Raihan Buulolo M. Raihan Amri M. Shabri Abd. Majid Manda Dwipayani Bhastary Masdinar Sihite Masitah Khairani Melinda Melinda Meltry Anggita Sihombing Merry Mhd Akbar Mila Yulia Herosian Mila Yulia Herosian Muhammad Alyaafii Muhammad Ridho Muhammad Sami Rabbani Hutasuhut Mutiara Annisa Najma Azhira Lubis Nanda Syafira Afriyani Nasution, Isna Asdiani Nelsem Ningrum, Eka Milia Ningsih, Nuri Rahayu Nona Lastri Sinurat Nove Rianto Sanjaya Noviana Siska Nur Fadillah Hayati Nursani Alvia Siregar Puput Almiah Br. Sinulangga Purba, Ahmad Fauzan Putri Amirah Hajarani Putri Br Sibarani Putri Husyada Fi’lma - Putri Sari Sihombing Putri Valentine Qoffariani Nur Fadila Raffi Andhera Rafida Khairani Raissa Puan Andrina Randa Wildesta Tambunan Raudah Raudah Rendy Rinardy Ricky Joedani Ridhani, Ridhani Rifyal Alwi Rima Umami Hasibuan Riska Amaliah Rivaldo Rivaldo Rizky Padlan Rizqi Syahdila Ronaldo Sihombing Rosalina Marpaung Rusdianto, Budi Ryan Syahputra Sabilayana Sabilayana Sabilla Cahya Kinanti Sabrina Natasya Matondang Santika, Widia Selfia Putri Johana Eka Ningsih Simatupang Sherly Ogestine Sidabutar, Rizky Ananda Sihite, Ayu Simamora, Manaek Sinaga , Mu’arya Sinaga, Anggiat Sinaga, Putri Yohana Sinaga, Sinta Anna Magdalena Sinurat, Nona Lastri Siregar, Ina Namora Putri Siregar, Kardina Sitepu, Helvionita Br Siti Sara - Sri Futrica Lumban Gaol Sri Indah Siregar Sri Rahmanita Sry Yanti Hutabarat Stephany Suci Ramadhana Suci Ramadhini Suhardina, Suhardina Sulaiman Sidabutar Surita Surita Tanjung , Dava Maulana Thahira, Zia Thalia Anggiani Theodora, Eka Martyna Tiara Ajeng Dewita Timoria, Timoria Tina Novianti Sitanggang Tina Novianti Sitanggang Toni Tutiana Bayati Valensia Yeovin Vina Ramadhani Siregar Vincent Arlonso Willi Ardianto Windi Aulia Yanti Veronika Naibaho Yeni Rafita Sihombing Yolanda Widya Anggreni Situmorang Yovie Ernanda Yunior, Khomeiny Zalmi, Fony Yurika